Home ownership costs in Canada keep rising
Filed Under Main Content · Tagged: Average Household Income, Benchmark, Bungalow, Canada, Condominium, Economics Research, First Quarter, Home Ownership Costs, Housing Affordability, Interest Rates, Percentage Point, Percentage Points, Rbc, Rose, Straight Quarter, Townhouse
Times Colonist- Home ownership costs in Canada rose for the third straight quarter in early 2010, and those costs are going to get higher as interest rates rise this year, according a housing report released this week by RBC Economics Research.
The RBC Housing Affordability measure, which identifies how much pre-tax household income is needed to own a home, rose nationally across all housing types in the first quarter of 2010. The detached bungalow benchmark measure rose by 0.9 of a percentage point to 41.1% of average household income, the standard townhouse inched up by 0.4 of a percentage point to 33%, the standard condominium climbed by 0.5 of a percentage point to 28.2% and the standard two-storey home increased by 0.6 percentage points to 46.8%…
Home ownership costs in Canada keep rising
Mortgage debt surges as economy picks up steam
Filed Under Main Content · Tagged: Business Investment, Canada Economy, Canada S Economy, Consecutive Quarter, Consumer Spending, First Quarter, Fourth Quarter, Globe And Mail, Import Volumes, Mail Canada, Mortgage Debt, Pace, Residential Investment, Services Statistics, Statistics Canada, Steam, United States
The Globe and Mail-Canada’s economy is on fire, surging 6.1 per cent in the first quarter at an annualized pace. As a measure of comparison, that compares to 4.9 per cent in the fourth quarter of last year, and just 3 per cent in the United States in the first quarter. It’s the best
“Residential investment increased for a fourth consecutive quarter, as did consumer spending on goods and services,” Statistics Canada said this morning. “Export and import volumes both rose for a third consecutive quarter, with growth in imports outpacing growth in exports in the first quarter.”
Notably, business investment rose 0.2 per cent. Spending on machinery and equipment rose 1.8 per cent, Statistics Canada said, though it is still 23 per cent below the peak in the first quarter of 2008…
Mortgage debt surges as economy picks up steam – The Globe and Mail
Canada’s economy grows faster than expected
Filed Under Main Content · Tagged: Canada Economy, Canada S Economy, Consecutive Quarter, Consumer Spending Statistics, Consumer Statistics, Economists, First Quarter, First Three Months, Fourth Quarter, Gdp, Gdp Growth, Gross Domestic Product, Import Volumes, Last Quarter, Pace, Residential Investment, Statistics Canada
The Gazette- Canada’s economy grew at a faster pace than expected in the first quarter of 2010, led by consumer spending, Statistics Canada reported Monday.
Gross domestic product rose at an annualized pace of 6.1 per cent between January and March, the biggest jump since the last quarter of 1999. Growth in the fourth quarter of last year was 4.9 per cent.
Most economists had expected GDP growth of 5.8 per cent in the first three months of 2010.
"Residential investment increased for a fourth consecutive quarter, as did consumer spending on goods and services," Statistics Canada said. "Export and import volumes both rose for a third consecutive quarter, with growth in imports outpacing growth in exports in the first quarter…”
Canada’s economy grows faster than expected
Home ownership costs to rise in Canada: RBC report
Filed Under Main Content · Tagged: Benchmark, Bungalow, Canada Vancouver, Condominium, Economics Research, First Quarter, Home Ownership Costs, Household Income, Housing Affordability, Interest Rates, Percentage Point, Percentage Points, Rbc, Rose, Straight Quarter, Townhouse, Vancouver Canada, Vancouver Sun
Vancouver Sun- Home ownership costs in Canada rose for the third straight quarter in early 2010, and those costs are going to get higher as interest rates rise this year, according a housing report released Tuesday by RBC Economics Research.
The RBC Housing Affordability measure, which identifies how much pre-tax household income is needed to own a home, rose nationally across all housing types in the first quarter of 2010.
The detached bungalow benchmark measure rose by 0.9 of a percentage point to 41.1 per cent, the standard townhouse inched up by 0.4 of a percentage point to 33 per cent, the standard condominium climbed by 0.5 of a percentage point up to 28.2 per cent and the standard two-storey home increased by 0.6 percentage points to 46.8 per cent…
