Sentences with phrase «improving home affordability»
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.
http://www.canadianbusiness.com/ Not exact matches
The Ontario government introduced a package of 16 measures Thursday designed to tame runaway home prices in Toronto and surrounding cities, and improve affordability for those hoping to own or rent property.
2014.02.25 Canadian homes slightly more affordable in the final months of 2013: RBC Economics Following two consecutive quarters of deterioration, housing affordability in Canada slightly improved in the fourth qua...
VICTORIA — Premier Christy Clark's foreign home - buyers tax has failed to improve housing affordability and needs to be fixed by the amendments proposed by New Democrats during July debates in the legislature, writes NDP leader John Horgan in a letter sent today to the premier.
VICTORIA — Premier Christy Clark's foreign home - buyers tax has failed to improve housing affordability and needs to be fixed by the amendments proposed by New Democrats during July debates in the legislature, writes NDP leader John Horgan in a letter sent...
Interest rates are stuck at historic lows, so affordability is actually improving as the market cools, though it still takes about 42 % of pre-tax income to cover the typical costs of owning a detached home.
The council say the HDP seeks to improve the quality, choice and affordability in the private rented sector, while providing a mixed tenure of homes: — 50 % private market rental — 35 % affordable rent and shared ownership in line with local planning policy — 15 % sold to the private market on completion.
The assessment found that the move had not improved affordability and that most of those buying homes would have done so without the relief.
What is more certain, McMullin said, is that the tax is unlikely to improve affordability for average Canadian buyers who are in bidding wars over the stagnant supply of homes in Vancouver.
Declining rates will improve housing affordability for buyers, and lessen the blow of rising home prices.
The moderation of house prices will improve affordability and create opportunities for first - time home buyers, it said.
If you are a first - time homebuyer, it's worth preparing a bidding war battle plan to improve your odds of getting the home you want — without pushing past your affordability threshold.
«The country's healthy labor market is translating to greater job security, but affordability is not improving because home prices in some areas are still outpacing incomes by three times or more because of tight supply.
«Under Habitat's nonprofit construction model, Habitat affiliates across the United States are incorporating sustainable materials and energy - efficient products in Habitat homes, as this is both a responsible building practice and it improves the affordability of homes for Habitat partner homeowners,» said Larry Gluth, senior vice president of U.S. and Canada for Habitat for Humanity International.
Lower home prices have improved affordability.
Despite improved affordability, 79 % of respondents still consider having enough money for down payment and closing costs to be among the biggest obstacles to buying a home.
«Home sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditiHome sales have been stuck in a narrow range despite several improving factors that generally lead to higher home sales such as job creation, rising rents and high affordability conditihome sales such as job creation, rising rents and high affordability conditions.
Given that affordability is a major factor in home buying, the best way to improve the market is to bring in additional supply.
It puts money back into consumers» pockets, improves affordability for many borrowers, and unlocks the opportunity to purchase a home for tens of thousands, while preserving the stability of the FHA's fund and protecting tax payers.
WASHINGTON, D.C. — The ability of the typical American family to buy a median - priced existing home improved during the third quarter, contributing to this year's record level of home sales, according to NAR's composite Housing Affordability Index.
, is legislation to improve the accuracy of mortgage underwriting used by federal mortgage agencies by including a home's expected energy cost savings when determining the value and affordability of energy efficient homes.
You don't need to be completely debt - free to purchase a home, but paying down high balances can improve your credit score and increase your mortgage affordability, as part of that is determined by your debt - to - income ratio.
Declining rates will improve housing affordability for buyers, and lessen the blow of rising home prices.
Of late, and looking forward, higher mortgage rates have also joined the fray, so affordability doesn't look to improve much anytime soon, and home sales will likely continue to have little upside this spring.
On the national front, legislative changes such as those proposed in the Sensible Accounting to Value Energy (or SAVE) Act, recently included in the US Senate energy bill passed in late April 2016, aims to improve the accuracy of mortgage underwriting used by federal mortgage agencies to include a home's expected energy - cost savings when determining the value and affordability of energy - efficient homes.
After the economic crisis created a drought of home sales and declining prices from the fourth quarter of 2008 through the first quarter of 2009, the market began to recover in the spring due to pent - up demand and improved affordability.
«However, affordability is likely to improve slightly next year as the lagged effects of fourth quarter mortgage rate declines, easing energy price pressures and a topping out of home price appreciation will have a positive impact for home buyers.
While these consumers appreciate government incentives such as tax credits, greater RSP deduction limits and rebates on home renovations, it is markedly improved affordability that is proving to be the powerful drawing card.
«New and existing - home supply has struggled to improve so far this fall, leading to few choices for buyers and no easement of the ongoing affordability concerns still prevalent in some markets,» says Lawrence Yun, NAR's chief economist.
Although improving home prices, economic growth, mortgage accessibility and rental development have improved housing access and affordability in many areas, a confounding series of supply - demand mismatches continues to severely impact markets worldwide.