Victorians pay highest home costs
Filed Under Main Content · Tagged: Carrying Costs, First Quarter, Fixed Rate, Household Income, Property Taxes, Second Quarter, Times Colonist Victoria, Times Colonist Victoria Bc, Victorians, Year Mortgage
Times Colonist, Victoria, BC – But in Victoria mortgage carrying costs slipped to 56.6 per cent in the second quarter, just 0.1 per cent less than the first quarter of 2009. Those costs reflect the portion of pre-tax household income needed to cover a mortgage, excluding property taxes and utilities. The number is based on a 25-year mortgage at a five-year fixed rate, and 25 per cent down payment. …
Victorians pay highest home costs
Canadian roulette — Greater Fool – The Troubled Future of Real Estate
Filed Under Main Content · Tagged: Canada, Fixed Rate, Fool, Future Of Real Estate, Garth Turner, Home Loan, Mortgage, Mortgages, Nbsp, Oddity, Perfect Storm, Roulette
By Garth Turner – The perfect storm for a mortgage crisis is brewing in Canada. Here’s why. Unlike in the US, where resetting mortgages are an oddity, in Canada they’re routine. In the States, most homeowners have a 30-year home loan with a fixed rate …
Canadian roulette — Greater Fool – The Troubled Future of Real Estate
