Not exact matches
A few weeks ago, I visited the first new
home to receive «official» zero carbon status and so I've seen how energy efficiency can
go hand in hand with good design and
affordability.
«So when the speech is dedicated mostly to rental
affordability, it's not
going to speak to the main concerns and priorities of a community that's backbone is
home ownership.»
It will probably surprise no one that the bottom spot for both housing costs and
affordability (the amount of time it takes to buy a
home)
went to the city of Vancouver, where the average
home rings in at a shocking $ 857,400.
If you plan on selling a
home on our way to (or at) the next peak of mortgage rates, know that rising interest rates mean
affordability for buyers gets crimped, especially if there are no lower - cost substitute products for buyers to turn to when loan costs
go up.
Any time the price of a
home goes up there will likely be concern about the
affordability of that
home, but there is good news.
Rising mortgage interest rates pose
affordability problems for all
home buyers, but current homeowners looking to buy a new
home are in a uniquely challenging situation: At higher rates, monthly payments on even a similarly - valued
home will
go up, to say nothing of a more expensive
home.
It's becoming increasingly difficult for families to own a
home in Canada and
affordability is only expected to get worse
going forward, according to the Royal Bank of Canada (TSX: RY).
It's becoming increasingly difficult for families to own a
home in Canada and
affordability is only expected to get worse
going forward.
In this video, NAR Chief Economist Lawrence Yun talks about the factors that led to the decline in existing -
home sales in September: summer sales were stronger than usual,
affordability is at a five - year low, income is not rising at the same rate as
home prices, and interest rates are
going up.
As the cost of renting has
gone up, the
affordability of housing — due to falling mortgage rates and
home values — has gotten more favorable.
For most people
affordability of the real estate inventory in a particular neighborhood or community is
going to dictate what towns a
home buyer will choose to find a new
home.
Low inventory and
affordability concerns are projected to continue to post challenges that could further restrain
home sales
going into 2016.
«Most of those owners also will be buying another
home, but higher levels of new
home construction
going into 2014, combined with some reduction in demand from less favorable
affordability conditions, will help to moderate price growth to more sustainable levels.»