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– The Ultimate Truth about Housing Affordability There have been many headlines decrying an "affordability crisis" in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means.
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First-time buyers fuel increase in home loans going up sharply in April to $342,200 – an 8.8% increase over the median price 12 months earlier of $314,400. 7. Attention is on first-time buyers The mortgage and real estate industries are focused. Owning a home has great financial benefits.
Review of Jark Krysinski *PREC, TeamYVR Real Estate Agents (Vancouver West & Van East, West Van & North Van, Richmond, Burnaby, New West, Coquitlam)