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Mortgage Broker News | 20 Mar 2013, 12:00 AM Agree 0
Regulatory hurdles and affordability are the major barriers to Generation Y to jumping into the housing market, says a recent Royal LePage survey.
  • Paolo Di Petta | dipettamortgage.com | 21 Mar 2013, 10:14 AM Agree 0
    I think affordability is the greater problem here. The regulations were put in place to cool the overheated market and to bring back prices to more sustainable levels.

    The fact is incomes haven't kept up with property values. Long amortizations in low rates reduced payments and artificially increased "affordability", but then competition heated up and artificial demand increased prices. Now that the rules have changed, the market should start to return to more reasonable levels. Short term pain for long term gain.
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