And we're back!
Started by Tamas, April 06, 2021, 10:12:46 AM
Quote from: Josquius on April 15, 2023, 07:43:35 AMHave to say as much as news reports are fairly doom /hopeful for the market being in decline I'm seeing tonnes of sold signs locally.
Quote from: Tamas on April 15, 2023, 11:00:33 AMQuote from: Josquius on April 15, 2023, 07:43:35 AMHave to say as much as news reports are fairly doom /hopeful for the market being in decline I'm seeing tonnes of sold signs locally. I mean, the question is how much they are selling for, isn't it?
QuoteEscalating turbulence in Britain's mortgage market as banks hike ratesThe turbulence in the UK's mortgage market is escalating as lenders lift the rates on their loans, putting a squeeze on households looking to remortgage this year.The jump in wholesale borrowing costs, as the City anticipates the Bank of England will continue to lift Base Rate this year, is causing ructions across the market.On Friday, TSB withdrew its 10-year fixed mortgages with just a couple of hours notice, and also lifted its two and five-year fixed rates by as much as 0.8 per cent, Mortgage Solutions reports.According to The Times today, the country's third- largest lender, Santander, made changes over the weekend, while Coventry Building Society is expected to increase all its two, three and five-year deals tomorrow."Santander, made changes over the weekend & TSB withdrew all its 10y fixed-rate deals on Frid with just 2.5 hours' notice. Coventry Building Society will inc all its 2,3 & 5y deals tomorrow. Other lenders have all increased fixed-rate deals by up to 0.85% points" @thetimes
Quote from: Barrister on April 11, 2023, 03:35:53 PMJust for fun I looked up Edmonton housing prices.As you can see there was a pretty steep increase from 2000 to 2008, with prices roughly tripling in that time.But really prices have been remarkably stable ever since. I know I bought my house in 2011 and it's worth about the same now as when I bought it. There was a bit of an upward blip the last couple of years (almost certainly covid-related) but that's come down again.Is it because Alberta's economy has been steady, but no big oil booms over the last dozen years? Or because we're still pretty good at building houses (Edmonton is in the middle of the prairie and lots of available land still)? Because I know if you look at other major cities in Canada prices have been steadily increasing this entire time.
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