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Lowest Mortgage Vancouver jumps from fourth to first on housing bubble index Rates Guaranteed L O W E S TMortgage MORTGAGE Lowest NO CREDIT, BAD CREDIT, NO PROBLEM! Housing bubbles are a per cent on average factor contributing to It adds a “shift in inves- RATES GUARANTEED risk in six cities around since 2011,” says the bubble risk, along with tor sentiment or a major Rates NO CREDIT, BAD CREDIT, NO PROBLEM! Guaranteed the world, but none bank, while other finan- low mortgage rates. supply increase could Oct 1, | Volume 25| Number | Fax: 604-501-6111 | Email: voicerealtyads@gmail.com | Volume 26| Number 22|2016 Phone: | Fax: 40 Phone: 604-502-6100 | Email: voicerealtyads@gmail.com
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more so than Vancouver in the view of Swiss bank UBS. The city was ranked fourth in the 2015 report, just behind Sydney. “House prices of the cities within the bubble risk zone have increased by almost 50
Royal
cial centers have had gains of less than 15 per cent. UBS says the gap “is out of proportion to differences in local economic growth and inflation rates.” The report cites high demand from foreign investors as one
Second on the bubble list is London, followed by Stockholm, Sydney, Munich and Hong Kong. “Weak economic foundations of the latest price boom make the housing markets in those cities vulnerable,” according to the bank.
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