Ванкуверская недвижимость ...

[sz]

The differences between the Canadian and U.S. sub-prime mortgage market are about 2.3 per cent of the Canadian market and close to 15 per cent in the U.S. The type of products you see in the U.S. are very aggressive, the loans, very exotic. In Canada, we primarily still see 25 to 30 year amortizations. We do not really see the kind of features that the U.S. has seen. This market is taking off a bit in Canada. People have started to look at it and some institutions are interested in it. It is nowhere near the size and does not have the characteristics of the U.S. market. We are perfectly comfortable with the 80 per cent loan-to-value ratio.

15% subprime mortgage market. Чего-то великоват он у них. Это же как раз то, откуда и начнутся массовые невозвраты.

[igor_ch]

Canadian Press
June 13, 2007 at 2:08 PM EDT
TORONTO — Residential mortgage rates are moving upward again as bond-market yields bounce around five-year highs.

The Royal Bank of Canada said Wednesday it is raising posted rates by between 0.05 and 0.20 percentage point, depending on the term. Effective Thursday, the five-year closed rate goes up 0.15 point to 7.44 per cent.

It's the fourth rise in less a month during a series of increases taking the five-year rate up by 0.85 point, from 6.59 per cent on May 17. The other chartered banks have in recent weeks followed the lead of RBC.

The upward trend reflects a slump in prices and rise in yields in the international bond market where banks get their funds for mortgage lending, as central banks in most major economies have either raised interest rates or indicated they expect to, in order to contain inflation.

[AlexANB]

Похоже, недвижимость в Канаде скоро только султаны Брунея будут покупать. По цене бриллиантов.

Housing gets a lot less affordable

Housing affordability is deteriorating across Canada as price increases outstrip gains in household income, a report said Friday.

Affordability worsened for all four housing types in the last quarter, led by poorer conditions in Saskatchewan, which is seeing an influx in migrants, said RBC Economics.

And it's likely to get worse, now that mortgage rates hit a five-year high in the current quarter and are expected to rise further, the report said.

“Long-term mortgages are likely to rise by about 75 basis points from today's levels next year,” said Derek Holt, RBC's assistant chief economist. “The end result could mean a more significant deterioration in affordability later this year.”
......
......
The bank's housing affordability measure is based on the costs of owning a detached bungalow. The higher the reading, the more costly it is to afford a home. An affordability reading of 50 per cent means homeownership costs, including mortgage payments, utilities and property taxes, make up half of a typical household's monthly pre-tax income.

RBC's affordability measure for a detached bungalow in Canada's largest cities is:

Vancouver — 68 per cent

Toronto — 43 per cent

Calgary — 40 per cent

Montreal — 35.4 per cent

Ottawa — 30.5 per cent

[echino]

affordability measure is based on the costs of owning a detached bungalow. The higher the reading, the more costly it is to afford a home. An affordability reading of 50 per cent means homeownership costs, including mortgage payments, utilities and property taxes, make up half of a typical household's monthly pre-tax income.

RBC's affordability measure for a detached bungalow in Canada's largest cities is:

Vancouver — 68 per cent

Если они имеют ввиду, что за detached bungalow в Ванкувере уходит 68% дохода, то это никак не соответствует действительности. Если сейчас покупать, то 68% среднего дохода семьи хватит только на среднюю (то есть плохую) 2-bedroom квартиру, или на хорошую 1-berdoom. Так получается по моим подсчётам. Возражения?

[Yury]

affordability measure is based on the costs of owning a detached bungalow. The higher the reading, the more costly it is to afford a home. An affordability reading of 50 per cent means homeownership costs, including mortgage payments, utilities and property taxes, make up half of a typical household's monthly pre-tax income.

RBC's affordability measure for a detached bungalow in Canada's largest cities is:

Vancouver — 68 per cent

Если они имеют ввиду, что за detached bungalow в Ванкувере уходит 68% дохода, то это никак не соответствует действительности. Если сейчас покупать, то 68% среднего дохода семьи хватит только на среднюю (то есть плохую) 2-bedroom квартиру, или на хорошую 1-berdoom. Так получается по моим подсчётам. Возражения?

как они считают:

RBC Economics Research’s housing affordability measures show the proportion
of median pre-tax household income required to service the cost of mortgage
payments (principal and interest), property taxes and utilities on a detached
bungalow, a standard two-storey home, a standard town house and a standard
condo (excluding maintenance fees).
The qualifier 'standard' is meant to distinguish between an average dwelling and
an 'executive' or 'luxury' version. In terms of square footage, a standard condo
has an inside floor area of 900 square feet, a town house 1,000 square feet, a
bungalow 1,200 square feet and a standard two-storey 1,500 square feet.
The measures are based on a 25% down payment and a 25-year mortgage loan
at a five-year fixed rate and are estimated on a quarterly basis for each province
and for Montreal, Toronto, Ottawa, Calgary and Vancouver metropolitan
areas.
The measures use household income rather than family income to account for
the growing number of unattached individuals in the housing market. The
measure is based on quarterly estimates of this annual income, created by
annualizing and weighting average weekly earnings by province and by urban
area. (Median household income is used instead of the arithmetic mean to
avoid distortions caused by extreme values at either end of the income
distribution scale. The median represents the value below and above which lie
an equal number of observations.)
The housing affordability measure is based on gross household income estimates
and, therefore, does not show the impact of various provincial property tax
credits, which can alter relative levels of affordability.
The higher the measure, the more difficult it is to afford a house. For example,
an affordability measure of 50% means that home ownership costs, including
mortgage payments, utilities and property taxes, take up 50% of a typical
household’s pre-tax income.
Qualifying income is the minimum annual income used by lenders to measure
the ability of a borrower to make mortgage payments. No more than 32% of
a borrower’s gross annual income should go to “mortgage expenses” — principal,
interest, property taxes and heating costs (plus maintenance fees for condos).

отсюда

[Mr. Trump]

отсюда

Вопрос в том, как они считали gross household income estimates.

[echino]

отсюда

Они пишут, что средняя цена detached bungalow в Ванкувере - $569,992, а средняя цена standard two-storey - $578,227. Что за траву они курят? Средний дом - это вот такой, что ли?

[Mr. Trump]

Они пишут, что средняя цена detached bungalow в Ванкувере - $569,992, а средняя цена standard two-storey - $578,227.

Если они брали не сам Ванкувер, а всю GVA, то вполне вероятно.

[echino]

Если они брали не сам Ванкувер, а всю GVA, то вполне вероятно.

Да, видимо так и есть.

[Gatchinskiy]

отсюда

Они пишут, что средняя цена detached bungalow в Ванкувере - $569,992, а средняя цена standard two-storey - $578,227. Что за траву они курят? Средний дом - это вот такой, что ли?

According to Multiple Listings Service® (MLS®) data, sales of apartment properties increased by 1.6 per cent to 1,789 sales in May 2007 compared to 1,760 sales in May 2006. The benchmark price of an apartment property in Greater Vancouver, calculated by the MLSLink® Housing Price Index, is $358,428, up 11.5 per cent from one year ago.

Sales of attached properties decreased by 4.5 per cent in May 2007 to 737 sales, compared to 772 sales in May 2006. The benchmark price of an attached unit is $439,317, up 10.8 per cent from a year ago.

Sales of detached properties increased by 2.3 per cent in May 2007 to 1,805 sales, compared to 1,765 sales in May 2006. The benchmark price of a detached unit is $711,245, up 11.8 per cent from last year.

http://realtylink.org/whatsnew/news_rel ... ?news=0607

[Mr. Trump]

Если они брали не сам Ванкувер, а всю GVA, то вполне вероятно.

Да, видимо так и есть.

Точно - у них же написано

and Vancouver metropolitan areas.

Metropolitan area - http://en.wikipedia.org/wiki/Greater_Va ... l_District

[Yury]

отсюда

Они пишут, что средняя цена detached bungalow в Ванкувере?

Vancouver = GVRD

for Montreal, Toronto, Ottawa, Calgary and Vancouver metropolitan
areas

[echino]

Они пишут, что средняя цена detached bungalow в Ванкувере - $569,992, а средняя цена standard two-storey - $578,227

The benchmark price of a detached unit is $711,245, up 11.8 per cent from last year.

Как выяснилось, и там и там имеется ввиду GVRD. Тем не менее, разница в цифрах значительна. В любом случае, если покупать сейчас, то в 68% среднего дохода не уложиться никак, ни при каких цифрах.

[oblom]

а ставочка та поползла тем временем

[echino]

а ставочка та поползла тем временем

Вот и я о том же.

しまった

殺害あなた自身