rbc economics

As homeownership costs hit a new high, RBC predicts affordability challenges for years to come

April 3, 2024 No Comments

Housing affordability in most major markets continued to worsen in the fourth quarter despite a slight easing of home prices.

Latest in mortgage news: Mortgage rates keep surging higher

September 28, 2023 No Comments

Mortgage providers across the country have been busy raising rates over the past week, and it could continue next week with as bond yields continue to rise.

RBC sees mortgage delinquencies rising nearly 30% in the coming year

May 9, 2023 No Comments

After spending most of the past year at or near record lows, Canada’s mortgage delinquency rate is expected to return to pre-pandemic levels, potentially rising by nearly a third.

A $200,000+ income is now needed to qualify for an average mortgage in Toronto & Vancouver

December 20, 2022 No Comments

High home prices and rising interest rates over the course of 2022 have made it significantly harder for buyers to qualify for the average mortgage, driving RBC’s affordability measure to its worst-ever level.

Canada unlikely to avoid recession: RBC

July 8, 2022 No Comments

Rapidly rising interest rates and other economic headwinds mean it’s becoming increasingly likely Canada will enter into a recession.

Affordability Worsened in Q2 as High Home Prices Persisted, Says RBC

October 7, 2021 No Comments

Despite historically low interest rates, housing affordability eroded in all major markets across Canada in the second quarter

Housing Market Risks are Easing: RBC

September 1, 2021 No Comments

After reaching overheated territory earlier this year, risks to the country’s housing market are now easing as prices and activity moderate. That’s the assessment from

RBC Says Policy Response Needed to Tackle Soaring House Prices

March 25, 2021 No Comments

Watching Canada’s national average home price rise resiliently throughout the pandemic has been reassuring for many over the past year. But as prices continue to