[태그:] affordability
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Canada National Real Estate Market Update for 2023
There’s an old adage in real estate: location, location, location. But ever since the Bank of Canada began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates. Higher rates had the immediate impact of cooling homebuyer affordability and demand. But when the Bank of…
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How to Become a Homeowner on a First-Time Buyer’s Budget
How to Become a Homeowner on a First-Time Buyer’s Budget ? It’s not easy being a first-time home buyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even…
