Car Loans Impact Mortgage Affordability
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car loansedmontonjournal
•Car loans, leases can have a big effect on mortgage affordability
75% Informative
A recent study shows the impact of auto loans on mortgage affordability highlights the perils for first -time buyers, move-up buyers and even refinancers.
Edmonton ranked in the top 10 in Canada for being the most affected where the average monthly car payment of $ 1,427 was 79 per cent of a monthly mortgage payment.
The Zoocasa report illustrates how some home buyers and homeowners are facing challenges from auto loans.
VR Score
81
Informative language
82
Neutral language
51
Article tone
formal
Language
English
Language complexity
41
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
medium-lived
External references
9
Source diversity
6