15 August 2013

Royal Bank on rising mortgage rates and housing market

According to the Canadian Real Estate Association (CREA), the national housing market showed a 0.2% increase of home resales in July compared to June. And as July 2012 reported a sales decline due to the tightening of mortgage rules, this time we have a strong 9.4% year-over-year increase. Actually, it’s the first positive annual change in 2013…

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