Sentences with phrase «surge as homebuyers»

It is no surprise that housing activity slowed in January following a pulling - forward sales surge as homebuyers hurried to purchase before the mortgage rule changes in 2018.

Not exact matches

Once again, the participants in the market had their reality (prices should rise as demand surges) altered by a misconception that all homebuyers were of equal quality and durability.

The surge of activity in the first half of 2010 is attributable to various regulatory and financial industry changes, such as the increase in interest rates in the spring, tightening of mortgage lending rules for first time homebuyers and investors, and the leadup to the introduction of the HST in Ontario and B.C.. By the end of 2010, Royal LePage forecasts that the appreciation of homes from 2009 to 2010 will average 6.8 %.

Some industry observers predicted a surge in sales activity as homebuyers would look to pre-empt bigger down payment requirements.

As existing U.S. home sales surged to a 5-1/2 - year high in May, data showed first - time homebuyers have not been shut out of the housing market.

In Vancouver, affordability fell by the most since 1994 as potential homebuyers were also hit by a surge in home prices.