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

Bumpy recovery for Canada’s housing market

March 18, 2024

February offered valuable clues on the direction Canada’s housing market is taking. Improving sentiment among buyers and sellers—no doubt stoked by growing expectations

Special Housing Reports

Reality check: Canada’s housing market isn’t out of the woods yet

March 8, 2024

Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very challenging affordability conditions

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