Canada home ownership costs to rise further

Home ownership costs in Canada climbed for a third straight quarter and affordability is expected to erode through this year and into next, according to a report on Tuesday by Royal Bank of Canada (RBC). The RBC Housing Affordability measure for the first quarter of 2010 showed that home ownership costs had risen across all housing segments the bank tracks as a robust property market in Canada pushed up prices.

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3d rendering of a row of luxury townhouses along a street

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