Sentences with phrase «effect high housing prices»
A recent story on CBC's The Current looked at the effect high housing prices are having on Canadians.
http://www.canadiancapitalist.com/ Not exact matches
The tax, which takes effect Tuesday, was introduced by the British Columbia government with the intent of improving home affordability in Metro Vancouver, where house prices are among the highest in North America.
The concerns about high housing prices and overstretched borrowers seemingly had no effect on Canada's five biggest banks: the Bank of Montreal (BMO), the Bank of Nova Scotia (Scotiabank), the Canadian Imperial Bank of Commerce (CIBC), the Royal Bank of Canada (RBC) and Toronto - Dominion Bank (TD)- Canada Trust.
An increase benefits the housing market as a whole Just as higher gas prices can raise your home's value, a drop - off can have the opposite effect.
After the stimulative effect of low rates evaporates, all we'll be left with is slow economic growth and high unemployment — hardly the kind of environment in which house prices normally surge.
If in five years — disregarding higher interest rates that may take effect along the way and assuming house prices do not change — the mortgage debt will be down to perhaps $ 150,000, they would have equity of $ 200,000.
Taking on debt to buy a house was a wonderful strategy until overall debt levels to finance housing got to high, but at that time, the momentum effect of rising house prices was sucking people into buying houses, because they thought it was easy money.
The unfortunate side effect of all that global money filtered through CDO's into our housing market was that prices went bubble high.
Redfin examined the effect of high quality photos on house prices.
Those who argue the effect of foreign buyers on California home prices is overstated often cite the type of homes offshore investors are often interested in: newly constructed houses and higher - priced houses at the top of the market.