Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
According to the report, what is the minimum annual income required to buy an average $1.2 million home in Vancouver?
According to the report, what is the minimum annual income required to buy an average $1.2 million home in Vancouver?
- $246,100 (correct)
- $1,480
- $2,300
- $250,000
What caused the increase in the minimum annual income required to buy a home in Vancouver?
What caused the increase in the minimum annual income required to buy a home in Vancouver?
- Increase in mortgage rates (correct)
- Increase in housing prices
- Decrease in mortgage rates
- Decrease in borrowing costs
How much did housing prices decrease between July and August in Vancouver?
How much did housing prices decrease between July and August in Vancouver?
- $2,300 (correct)
- $246,100
- $1,480
- $250,000
What did James Laird, co-CEO of Ratehub.ca, say about the affordability of homes in Vancouver?
What did James Laird, co-CEO of Ratehub.ca, say about the affordability of homes in Vancouver?
Signup and view all the answers
How many times has the Bank of Canada hiked its benchmark interest rate since March 2022?
How many times has the Bank of Canada hiked its benchmark interest rate since March 2022?
Signup and view all the answers
