Here’s Why Vancouver’s Real Estate Market is Still Stable
Several major banks in Canada reported first quarter earnings last week, and those earnings provide an important glimpse into the direction of the nation’s housing market. It also provides a reason for the steady Vancouver housing market.
CIBC, TD and BMO allow negative amortization on home loans. Assuming you purchased a fixed repayment variable rate home loan at a bank mentioned earlier, you can include the outstanding interest in the balance of your loan as long as your loan-to-value ratio does not exceed 80%. In other words, defer any pain caused by the rising interest rates. As a result, amortization is growing. At TD Bank, 25.2% of residential mortgages are now amortized over 35 years or more. A year ago, that number was essentially zero.
If you’re wondering why there isn’t a wave of distressed sellers selling their homes in Vancouver, it’s because these major banks, who are aggressively protecting their lending assets, are protecting Canadian families from the full force of interest rates.
For now, the pain has eased, and there are less distressed sellers, as some would expect. Currently, the real estate market has been plagued by a lack of new listings. In Metro Vancouver, February saw the lowest number of new listings in 26 years and the lowest number of listings since 1997!
This is not just a Vancouver phenomenon. Recent data from the Toronto area also shows that new listings fell 42% year-over-year in February, to the lowest level in 20 years. In Calgary, February inventory levels were at their lowest since 2006. CREB said, “While higher lending rates are impacting sales activity as expected, we are seeing a stronger pullback in new listings, keeping supply levels lower and supporting stronger than expected monthly price increases in some areas.
【告訴你 為何溫哥華房地產市場 仍然企穩】
加拿大幾大銀行上周公布了第一季度收益，這些收入為研究全國住房市場走向提供了重要的一瞥。也為溫哥華房市穩而走強提供了原因。
CIBC, TD和BMO允許房屋貸款負攤銷。假設您在上述購買了固定還款浮動利率房屋貸款，只要您的貸款價值比率不超過80%，您就可以將未償還利息計入貸款余額。換句話說，推遲因利率上升而造成的任何痛苦。因此，攤銷正在增長。在TD銀行，25.2%的住宅抵押貸款現在的攤還期為35年或更長時間。一年前，這個數字基本上為零。
如果你想知道為什麽溫哥華沒有一波波陷入困境抛售住宅的賣家，這是因為加拿大的各大銀行，他們正在積極保護自己的貸款資産，保護加拿大家庭免受利率的全面沖擊。
目前，這種痛苦已經減輕，陷入困境的賣家很少而且離某些人期盼相距甚遠。房地産市場受到缺乏新挂牌上市量的困擾，。在大溫地區，2月份的新房源創下26年來的最低水平，是自1997年以來挂牌上市量最少的2月！
這不僅僅是溫哥華的現象。最近從GTA流出的數據也顯示，2月份新上市量同比下降42%，降至20年來的最低水平。在卡爾加裏，2月份的庫存水平處于2006年以來的最低水平。CREB表示，“雖然較高的貸款利率正在按預期影響銷售活動，但我們看到新上市房源的回調力度更大，保持較低供應水平，並支持了一些地區強于預期的月度價格上漲。
如果想追縱溫哥華房地產動態或了解更多有關房地產買賣資訊, 歡迎你加入我們的溫哥華地產頭條討論群組!
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