Struggling to pay mortgages

Struggling to pay mortgages. Canada Vancouver – A shocking number of first-time home buyers are having trouble making their mortgage payments. The latest survey by Canada Mortgage and Housing shows one in four are worried about them. It finds that 80 per cent of more than 4,000 home buyers polled still believe property is a …

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No recession for commercial and industrial development

No recession for commercial and industrial development. Good news for the commercial and industrial property sector. While residential and retail property take a huge knock, Stats SA revealed earlier this month that the star performer during the 2nd quarter of this year has been construction. Despite South Africa slipping into a technical recession, activity in …

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Mortgage applications fall

Mortgage applications fall. USA – Extremely weak demand for mortgage refinances has been driving the overall drain on mortgage lending. Refinance volume is highly rate-sensitive, and interest rates are now about a full percentage point higher than they were one year ago. In order to afford more home, more homebuyers are turning to riskier, adjustable-rate …

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Canada sales data to be made available

Canada sales data to be made available. The Canadian Real Estate Association says it will soon be adding historical sales data to its realtor.ca website. The industry group said the information will be included along with new listings and be accessible without a password. Whether you want to sell your residential property or buy a …

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Office space being converted

Office space being converted. Presistently high office vacancies, particularly in city central business districts (CBDs), continue to spur conversions to residential units. The latest SA Property Owners’ Association (Sapoa) office vacancy report revealed that the national office vacancy rate declined by 0.4 percentage points to 11.1 percent in the second quarter of this year while the …

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Look for the following in a home

Look for the following in a home. Stick to your budget Don’t overbuy for your budget. Make sure you know how much you’re comfortable paying in a mortgage amount and stick to that limit, even if you’ve been approved for more. You don’t want to be in a position where you feel house poor, or …

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Property Developers in Hong Kong

Property Developers in Hong Kong. Property developers are cutting prices in Hong Kong to lure buyers amid the increasing downside risks in the world’s least-affordable housing market. Vanke Property Overseas Ltd. released 231 units of its new project Le Point in Tuen Mun Friday, with prices as low as HK$9,878 ($1,265) per square foot, the …

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