Каморка

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.

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

AlexANB писал(а):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

echino писал(а):

AlexANB писал(а):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?

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).

Yury писал(а):
отсюда

Yury писал(а):отсюда

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

Mr. Trump писал(а):Если они брали не сам Ванкувер, а всю GVA, то вполне вероятно.

echino писал(а):

Yury писал(а):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?

echino писал(а):

Mr. Trump писал(а):Если они брали не сам Ванкувер, а всю GVA, то вполне вероятно.

Да, видимо так и есть.

and Vancouver metropolitan areas.

echino писал(а):

Yury писал(а):отсюда

Они пишут, что средняя цена detached bungalow в Ванкувере?

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

Gatchinskiy писал(а):

echino писал(а):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.

oblom писал(а):а ставочка та поползла тем временем

oblom писал(а):しまった