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Bank foresees short-term relief on home costs but expects them to rise again

Posted by Arshad Rashed on Monday, October 25th, 2010 at 11:45am.

The cost of owning a home in Canada continued to climb in the second quarter, but homeowners may soon experience some temporary relief as house prices and some mortgage rates subside, according to a report released Monday.  The RBC Economics Research report found home ownership costs continued to rise in the second quarter of 2010, eroding affordability in most markets.

Panorama Hills is a community of Calgary, Alberta.  We specialize in Panorama Hills Real Estate. If you have any questions about the Panorama Hills real estate market, or Calgary Real Estate market, Panorama Hills homes for sale, or would like a free market evaluation of your home. Call the Jeff Campbell Team now 403-816-4449 or visit your Panorama Hills Real Estate experts!

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