Analysis of national and provincial trends in housing affordability and developments in major metropolitan housing markets.

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Housing Affordability

High rates and prices make it less affordable to own a home in Canada

December 20, 2023

Mortgage rate increases and modest appreciation in home prices drove up RBC’s aggregate affordability measure for Canada by 2.8 percentage points to 62.5%. (A rise in the measure represents a loss of affordability.) This reversed a modest improvement in the second quarter.

Monthly Housing Market Update

End of the correction? Canada’s housing market is warming up

February 14, 2024

Home resales in Canada increased for the second month in a row in January, rising 3.7% from December. Resales are back up to where they were last summer including the December advance.

Special Housing Reports

Early signs of a housing market upturn emerge across Canada

February 7, 2024

January marked the second consecutive month residential transactions increased in major markets across Canada. The uptick seen in early results...

Home Resale and Price Forecast

RBC's projections for the housing market in Canada and the provinces

Home Resale and Price Forecast

Older Reports

Monthly Housing Market Update

An analysis of the latest data and developments in Canada’s housing market.

Special Housing Reports