Get Your Home Loans On Which Way To Pay

29 September 2010 - Which Way To Pay

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Get Your Home Loans On Which Way To Pay


According to the Royal Bank of Canada, because of the stubbornly high house prices, Canadians are now no longer able to comfortably afford homes.

The bank reports that due to fewer listings, house prices did not decline and now it seems we Canadians are really struggling to get on the housing ladder.

The RBC Housing Affordability Measure shows the proportion of median pre-tax household income required to pay the principal and interest on a mortgage, property taxes and utilities. The figures assume a 25 per cent down payment and a 25-year loan at a five-year fixed rate.

Worryingly for Canadians, in the second quarter, homes became 2.1 per cent less affordable on its scale!

Here on Which Way To Canada we have got a variety of lenders for you to browse through, so if you are looking to buy a house, but you are in need of some financial help then we might have the answer. The lenders will require differing financial reports from you, so all you need to do is apply through the website to see whether you are eligible and to get a quote today.

Have a good day,

 

Which Way To Pay

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