Unaffordability continues to wreak havoc on real estate market
On Behalf of Porter Ramsay LLP | Feb, 24, 2020 | Real Estate Law
Much property in British Columbia continues to be unaffordable to many which is fuelling the crisis in the market. High prices are actually forcing some British Columbia residents to look outside the province when it comes to securing real estate and some analysts say this is having a negative effect on market balance overall. Inflated prices make it difficult for some — like seniors, young families and single individuals — to purchase real estate in the province. Many prospective new buyers are virtually being pushed out of homeownership since they simply can’t afford a home. And current homeowners are feeling the... View Article