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Old 12-10-2008, 03:11 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387
Default RBC Housing Trends and Affordability Report

RBC (Royal Bank of Canada) just published their Housing Trends and Affordability Report for December 2008.

The report confirms what many Canadians already know, that the housing market in Canada is in correction mode and that the real estate in many major cities like Vancouver and Toronto is way overvalued and unaffordable even after steep sales and price declines.

Here is the link to the report:

http://www.rbc.com/economics/market/pdf/house.pdf
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