It’s Friday! Take off your pants and do the happy dance!
Agh! No, wait! Metaphorically. Please sir, put your pants back on, this is a family restaurant.
Anyways, it IS the end of the week and do you know what that means? It’s time for another end-of-the-week news round-up and open topic discussion thread. A little thing we like to refer to as the Friday Free-for-all! Here are a few recent links to kick off the chat:
–Canada prices up, Vancouver falls again
–Inventory graph (March 29th 2012)
–The boomer trigger
–New budget slashes $5.2 billion
–Ottawa to toughen CMHC oversight
–This rant brought to you by Gordholio
–TD: don’t worry about the banks
–Banks tighten condo lending on bubble fears
–The 3-inch condo is here
–Vancouver seeks more market housing
–Storm clouds form over Vancouver market
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
Are you worried about the effects of rising mortgage rates? Apparently 48% of British Columbians surveyed say yes:
As concerns over the state of the Canadian real estate market abound, a new survey says nearly half of Canadians are unsure about their ability to afford their homes if rates rise by as little as two percentage points.
The survey commissioned by the Bank of Montreal study finds 43 per cent believe an interest hike would either hamper their ability to pay or leave them on unsure footing.
Regionally, residents of Alberta were the least concerned, with 73 per cent saying that rising rates would not affect their ability to afford their homes, while residents of British Columbia were the most concerned. Just 48 per cent B.C. residents are comfortable in their ability to handle higher rates.
Yet interest rates, after bouts of rising and falling, seem low and could remain low for some time to come. Is Canada living in a bistable rift, capable of maintaining high prices with low rates ad infinitum, or should we look to the experiences of the USA and Japan, countries where low rates have not lead to a reconstitution of house price appreciation, for more chilling portents?
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Hey everyone, it’s FRIDAY! Do you know what that means? That means it’s time for our regular end of the week news round up and open topic discussion thread. Let’s hop to the links, here are a few recent stories to kick off the chat:
–Immigrants flee cities due to affordability
–Vancouver affordability task force has recommendations
–Vancouver youth exodus
–If you don’t use a REALTOR you might die
–Encouraging a rush to the exits?
–40 min Australian housing bubble documentary (ht DeanBC)
–Canada’s dirty little sub-prime secret
So what are you seeing out there? Post your news links, thoughts and anecdotes and have an excellent weekend!