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edmontonjournal

Car loans, leases can have a big effect on mortgage affordability

edmontonjournal
Summary
Nutrition label

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

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

9

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