Real estate credit: what if we changed the way of calculating the debt ratio?

2023-05-29 17:13:30

There is fire in the new real estate sector. According to figures released Thursday by the Federation of Property Developers, some 21,000 sales were recorded in the first half, or 27.1% less than a year earlier. Blame it on soaring mortgage rates and rising construction costs (prices rose 5.9% over the period). “Many first-time buyers remain on the sidelines,” notes Maël Bernier, spokesperson for the broker MeilleurTaux.

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