Sentences with phrase «high house prices combined»

Not exact matches

I believe that Canada's high house prices in relation to incomes, combined with record household debt levels and overinvestment in residential construction, will cause a severe correction in the real estate market.

When higher than average housing prices combine with other problems, such as low household income, high unemployment, declining population and high crime, it can be enough to sink a city to the end of our list.

Despite recent concerns about Canadians» high personal debt and rising interest rates, Sal Guatieri, a senior economist at BMO Capital Markets, told Bloomberg that «mortgage rates are still near historical lows and this, combined with an expected cooling in house prices, will help support affordability for Canadians.»

Combined with record - high home prices, housing affordability is already suffering in these markets and will only worsen as rates climb.

A chronic shortage of housing stock combined with increased levels of employment has put the housing sector under stress, driving already inflated prices sky high.

With two incomes in tech and marketing, they can afford a combined higher monthly housing payment around $ 4,200 — but with such a good deal on rent and such a high price tag on homes for sale in Manhattan, they decided it made more sense to buy outside the city.

Many have watched from the sidelines as low inventory, stock - rich high - tech professionals, an ever vigilant Federal Reserve, and growth - conscious state and local governments have combined to push modest - priced housing out of their reach.

Oranjezicht is the leader in terms of the highest volume of freehold houses sold with some 47 units sold to the combined value of R405.59 m at an average price of R8.63 m, almost R1m more compared to 2014 when it was around R7.7 m. Most notably, the average time that properties have spent on the market is just six weeks.

The Forecast for housing sales and combined with higher condo and home prices means realtors can raise their earnings considerably.

Low inventory combined with high demand led to continued price appreciation in the Calgary housing market.

The average price of a home — condos and stand - alone houses combined — reached a high point in May at $ 649,599, up 11 per cent from the previous year.

Among those forces were the baby boom, in which post-World War II babies matured and entered the housing market; deregulation of the mortgage finance industry, which gave lenders the freedom to offer a wide variety of loans, and a high inflation rate that combined with soaring housing prices to convince consumers that home ownership was safe and sure.