B.C. Vancouver remain least-affordable markets in Canada
It is absolutely normal to logically thing housing price will fall, or plateau when interest rate moves up. However, when the Mainland Chinese buyers are buying with cash money, higher interest rate & tighten mortgage rules really doesn't matter to them. Yes, owning a home is becoming less affordable & the reality is going to get worse. This report might make you feel stressed if you haven't owned any property. However, unless you must live in those regions that are popular to the Chinese immigrants, there are many other regions still have very affordable housing. Keep checking my Blog, I'll share those research with you soon. In the meantime, check out this RBC report.
Tina Mak Personal Real Estate Corporation
Your Vancouver Radio Realtor
The Bridge from East to West since 1992
www.TinaMak.com
www.TinaMak.ca 温哥华中文地產綱站
www.GenYrealestate.ca
604-412-5860
