Inside the crisis facing Canada's dysfunctional housing market [Globe and Mail, The (Toronto, Canada)]
Royal Bank Of Canada (RY)
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Source: Globe and Mail, The
Skip to main content Inside the crisis facing Canada's dysfunctional housing market A housing development is pictured near the Jackson Heights area of Peterborough, Ont., on June 27. From any angle you look at it, Canada's housing market is badly broken. The promise of home ownership, long the ultimate expression that one had secured a spot in the Canadian middle class, has faded away, not just in the usual suspect cities for real estate exuberance – Toronto and Vancouver – but in towns and communities across the country. Parents fear their children will never own a home, and that anxiety is justified. With ownership costs as a percentage of median household incomes at the highest level since at least the 1980s for the average home, a recent study by Royal Bank of Canada estimated that of the 1.9 million new households expected to be formed by 2030, more than half will not be able to buy a home. Meanwhile, people shut out of home ownership face staggering rent hikes of ro
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News
- Royal Bank of Canada (NYSE: RY) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- More rental housing development needed despite recent rise: RBC economist [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Corporate push for productivity gains to fuel more use of AI: Google Cloud executive [BNN Bloomberg (Canada)]BNN Bloomberg
- Royal Bank of Canada (NYSE: RY) is now covered by analysts at UBS Group AG. They set a "buy" rating on the stock.MarketBeat
- Corporate push for productivity gains to fuel more use of AI: Google Cloud executive [Financial Post (Toronto, Ontario, Canada)]Financial Post
RY
Earnings
- 5/30/24 - Beat
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Sec Filings
- 7/3/24 - Form FWP
- 7/3/24 - Form FWP
- 7/3/24 - Form 424B2
- RY's page on the SEC website