 鲜花( 14)  鸡蛋( 8)
|
A real estate expert believes the new mortgage rules that went into effect Monday will hit Alberta's market the hardest.
( h" d& p: v7 r# |) |: I, s* s+ n: f: H2 a0 a5 J+ b# J
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.( O6 p5 D2 h% Q. Y7 t; Z
! y, y' ]# V8 v$ }6 KPrior to today, an Alberta family with a household income of $80,000 would likely have qualified for a $400,000 home but now they will be approved for a $320,000 home.7 @4 f, s8 l; J0 k
, L/ N, `3 J& l3 R2 J+ }% B# |First-time buyers, single-income earners take biggest hit with new mortgage rules) f E! D3 I% Y* S) T( B
CMHC to issue 1st 'red' warning on Canadian housing market6 N k' i, X% ?+ r5 i, R: H. {" ^
Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
, H0 i. K% b& z8 n& \, `* S1 Z5 Z5 y/ f
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.9 n" L$ o- ^6 d+ F. C3 R
9 f& B2 I* s* [2 F3 B# E9 I. @
Wait and see what happens
: |" u. y- o+ l. \! y+ B
: L$ J/ L% e2 S$ ONatalie Whitney and her young family say that's what they're banking on so they've just decided to put their house hunting on hold.
3 @' ~0 {8 T0 r- i1 h/ G
6 z6 m9 h/ J( [- K" X"It could be advantageous for us to wait and just see what happens to the market in six months," she said.( m: R9 V9 w! p% ~' J
?" k/ p& m- M! e7 d2 ?5 U1 Y" ~
The Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto.
$ V" ?0 O+ Y) M; Q2 {
3 a) l& x* W" E F, M- c$ b"These factors will be reflected in our forthcoming Housing Market Assessment on Oct. 26. They will cause us to issue our first "red" warning for the Canadian housing market as a whole," CEO Evan Siddall wrote in a Globe and Mail column.
6 c/ m! b6 h7 C& |& F2 y4 c
) F J( b( `1 Q1 R5 GKinch says for buyers who can't wait, they'll either need to come up with a bigger down payment or lower their expectations about what they can afford. |
|
狗仔卡
发表于 2016-10-18 09:11
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
楼主
