«Inevitably, rising mortgage interest rates will
hurt housing affordability,» Yun said.
On the other hand, a spike in interest rates could
hurt housing affordability for entry - level buyers at a time when the supply of starter homes has been suppressed.
«That in
itself hurts housing affordability — but factors that can help with affordability are more income to households (possibly a second income - earner getting a job) and if home prices can finally moderate,» Yun said.
Not exact matches
Despite its relatively high Social ranking, two factors
hurt Vancouver's liveability: inadequate public transit and road infrastructure; and poor
housing affordability.
While
affordability is an issue and the
housing reforms attempted to solve this matter, the reforms have disproportionately
hurt landlords and those who are scrimping and saving to buy a home.