In Q1 of this year, the balance of lenders
reporting tighter conditions on unsecured credit was the highest in the eleven - year history of the survey.
While inventory and days on market was up virtually across the board, several markets
reported tighter conditions in the lower end of the market, where demand and buyer activity remains healthy, it says.
Not exact matches
CBRE's new
report into Downtown Houston suggests that employment growth and
tight office market
conditions are driving domestic and foreign investor interest in the city's CBD.
Despite this growth, 22 percent of the top 100 dealers
reported a decline in annual sales, an indication that market
conditions remain
tight.
Tight market
conditions are expected as current cottage owners plan to stay put and young professionals enter the market in droves, says Royal LePage in its 2006 Recreational Property
Report.
The
report also indicates that
tight inventory
conditions have plagued the industry, yet has sped up the time it takes for a buyer to find their home.
«In addition, builders across the country continue to
report that overly
tight lending
conditions and inaccurate appraisals are major obstacles to completing sales at this time.»
Continuing
tight supply - demand
conditions have lifted real housing valuations in Canada above their long - term trend, raising the risk of an eventual softening in prices, says the latest Real Estate Trend
report by Scotia Economics.
For office, the
report is positive, classifying 32 downtown areas as being in the «expansion» phase, which includes strong demand,
tight market
conditions leading to low vacancy rates, robust rental growth and decreasing overall cap rates.
The
report says that significant regional performance disparities will persist, with the Western provinces expected to again lead in average house price increases and construction in 2007, supported by
tighter market
conditions, record employment rates and more favourable demographic trends.
The expected delays in new office projects due to the
tight lending
conditions developers are facing, coupled with low vacancy rates, may push tenants to the suburbs to solve any short - term demand issues, says the
report.
«However, with supply edging higher in most major centres and few markets
reporting tight inventory levels, we are seeing a return to more balanced
conditions.
«Credit profiles that fail to meet
tighter underwriting standards are
conditions that continue to work against first - time home buyers,» according to the
report.