Thomas Davidoff, an associate professor at the University of British Columbia's Sauder School of Business, says
affordability concerns in markets like Vancouver and Toronto have in some cases resulted in ethnic divisions.
«A drop in housing supply in December raises
some affordability concerns in the months ahead as minimal selection and the potential for faster price appreciation could offset the demand from buyers encouraged by a stronger economy and sub-4 percent interest rates,» says Yun.
Not exact matches
But the public response has been more lukewarm, particularly
in cities where rising housing costs have already led to
concerns about
affordability and gentrification.
«Nevertheless, simple indicators continue to suggest some overvaluation
in the housing market; house prices are high relative to income and housing
affordability could become a
concern when interest rates begin to normalize,» it adds.
Housing
affordability changed very little
in Ontario
in the second quarter and homebuyers did not appear to be overly
concerned by the fact that
affordability remained somewhat stretched for single - family homes.
The longer term might be a better option for borrowers who are most
concerned with the
affordability of their monthly payments
in the short term.
«Here
in Kamloops, people are telling me their biggest
concern right now is
affordability.
On the other hand, millennials
in cities away from the coasts are are less
concerned about
affordability.
While
concerns about MIH can be easily translated
in these meetings, the Council's issues with Zoning for Quality and
Affordability (ZQA) are far more varied and reflect the opinions raised by community boards and borough presidents last year, when these plans were largely rejected
in non-binding votes throughout the city.
And, it seems, the community's
concerns about being priced out of neighborhoods targeted by the de Blasio administration as oases of
affordability are not idle: The Wall Street Journal reports that land prices
in East New York, named by de Blasio as the first neighborhood that would be studied for denser development, have nearly tripled during the first nine months of 2012, rising from $ 32 per square foot last year to $ 93 per square foot this year.
As the state finalizes the medical marijuana program's draft regulations, advocates are making a final effort to call attention to their
concerns over accessibility and
affordability before the regulations are approved
in the coming weeks and businesses begin submitting applications.
But Brooklyn Councilman Jumaane Williams and Bronx Councilman Ritchie Torres raised
concerns that the
affordability requirements
in MIH did not go far enough to end New York City's status as one of the most segregated cities
in America.
He said the city hoped to address the
concerns about over-development
in the Two Bridges area by «maximizing the
affordability» of the new buildings.
Spokesman Ethan Geto said Avery Hall Investments was aware of local
concerns about the supermarket and housing
affordability, and «has been working
in good faith to amend its plans so as to accommodate these and other community
concerns to the extent possible while maintaining the viability of the project.»
Despite growing
concern over teachers» ability to live comfortably where they work, we know little about the systematic impacts of
affordability on teachers» well - being, particularly
in highcost urban areas.
We have asked the STRB to ensure that, should it decide to limit its recommendations on the basis of any
concerns over
affordability, it sets out what should,
in its view, be the appropriate levels of pay for teachers and school leaders
in the absence of such
concerns,
in order to inform the political discussions which will then ensue.
While there's no question
affordability is a serious
concern in West Vancouver, it's no more or less an issue than what one might encounter
in the surrounding area.
Reader question: «I am
in the market to buy a house and am very
concerned about
affordability.
In a response to the government's announcement yesterday, the president of the Real Estate Board of Greater Vancouver Dan Morrison reiterated that housing affordability was a concern for all involved in the B.C. housing marke
In a response to the government's announcement yesterday, the president of the Real Estate Board of Greater Vancouver Dan Morrison reiterated that housing
affordability was a
concern for all involved
in the B.C. housing marke
in the B.C. housing market.
TORONTO — Federal and Ontario finance ministers say that while they are
concerned about diminishing housing
affordability in Toronto, they will not introduce measures for homebuyers that could impact house prices
in the city by boosting demand.
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.»
A spokesman for federal Finance Minister Bill Morneau says Ottawa is
concerned about diminishing
affordability in the housing market, calling the matter a complex issue with lots to talk about.
The longer term might be a better option for borrowers who are most
concerned with the
affordability of their monthly payments
in the short term.
A decrease
in affordability will cause some
concern about home values.
The facts speak for themselves
in terms of
affordability but what truly
concerns us the most is what seems to be a very high incidence of mortgage fraud, tax evasion, and perhaps money laundering
in the Canadian housing market.
It's almost as if the BC government, and the new federal Liberal authority
in Ottawa, realize that housing
affordability is no longer merely a
concern, but a genuine provincial crisis.
TORONTO —
Affordability is among the top Internet service
concerns for Canadians, especially those living
in rural areas, a new report has found.
But while deteriorating
affordability itself is
concerning, especially as we look ahead toward even higher rates, the core trend driving it is arguably even more troubling — and it's happening now: Growth
in mortgage payments is currently outpacing growth
in household incomes.
Now, policy makers are looking to tap the brakes on the housing booms
in massive markets such as Vancouver and Toronto,
in response to deep
concerns about dangerously high mortgage debt loads and fast - evaporating
affordability.
Toronto's housing market shot into the stratosphere over the ensuing months, prompting the Ontario government to put
in place a nearly identical measure (city council
in Victoria,
concerned about an
affordability crisis, debated but ultimately rejected a foreign buyer tax recently).
One of the best things about living
in Belize is the
affordability, but some potential residents are
concerned that the only foods available will be things they're simply not used to.
PIAC seeks to represent and advocate on behalf of ordinary consumers,
in particular vulnerable consumers,
concerning the rates, policies, rules and regulations associated with the delivery of these services with a view to ensuring principles of access and
affordability and fair treatment for the constituencies it tries to serve.
But
in doing so, he diverged into the issue of proportionality
in family litigation, which he said has grown
in importance as
concerns over the
affordability of legal services mount.
When
affordability is one of the client's main
concerns, MetLife is our recommendation only
in specific situations.
Availability,
affordability and sustainability are all areas of
concern for insurance carriers
in Canada.
«Moreover, we remain
concerned about other regulations being put
in place — including expanded association health plans and short - term limited duration plans — will also push up premiums and create
affordability problems for millions of Americans purchasing coverage
in the individual health insurance market,» Donaldson said.
If
affordability is your top
concern in shopping for an auto policy, try the following tactics while also remembering that the offers that appear the cheapest up front might not be the most affordable over time.
However, keep
in mind this is just one sample to show how the cost to insure the same RV can differ between carriers - that's why you should shop for multiple quotes if
affordability is a
concern.
With growing
concern as to the
affordability of healthcare, particularly
in the context of the National Health Service (NHS) budget, it is important to consider the value for money afforded by any intervention
in terms of both its costs and effectiveness.
Yet,
in spite of decreased prices of homes, housing
affordability remains a major
concern.
With interest rates on the way up
in North America, there is
concern about the impact on household finances and housing
affordability, says RBC.
The panel participants agreed that
in addition to
affordability concerns, inventory shortages and lifestyle factors such as marrying later
in life and having to repay student loan debt are burdening a segment of creditworthy buyers by making it more difficult to save for a down payment.
«
Affordability has certainly been a major
concern, particularly
in markets
in British Columbia and Alberta, where average price has experienced strong upward momentum throughout 2005 due to tight inventory levels,» says Elton Ash, regional executive vice-president, Re / Max of Western Canada.
High levels of student debt and stagnant career opportunities have long kept millennials sidelined from the real estate market and, even with recent improvements
in the labor market,
affordability continues to be a major
concern.
In additional to
affordability issues, 66 % say a potential job move or job change makes them
concerned about the risks of buying a home; and 86 % anticipate they will need to move within the next 7 years, giving them more reasons to be persuaded from homeownership.
«
In the past several months there has been plenty of conversation in the media, in the pubs, and at all levels of government surrounding housing affordability, and it's a concern I share,» says, Crai
In the past several months there has been plenty of conversation
in the media, in the pubs, and at all levels of government surrounding housing affordability, and it's a concern I share,» says, Crai
in the media,
in the pubs, and at all levels of government surrounding housing affordability, and it's a concern I share,» says, Crai
in the pubs, and at all levels of government surrounding housing
affordability, and it's a
concern I share,» says, Craig.
And often,
affordability concerns are based on income numbers
in publicly available datasets.
Nevertheless, the market will continue to favour seller (with prices trending upwards) for the foreseeable future with only
affordability concerns (one of the biggest drivers for many buyers
in Pemberton) the only thing likely to temper the current climate.If you have been thinking of buying or selling
in Pemberton, contact me today for the most up - to - date information and to discuss how the current state of the market might impact your decisions.
Some market pundits are
concerned about the crisis of
affordability in downtown Seattle housing noting only 57 resale units listed for sale
in a city of more than 70,000 urban residents.
ValueInsured can not draw a direct casual effect on Millennials» declining attitude toward owning, however, it coincides with steady rises
in national home prices and Millennials» rising
concerns for home prices and
affordability in its quarterly survey: