 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.
# _$ b3 n+ z& j% Q. x s9 x
8 P- Y* q* I8 L8 JThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
& ]# V# }% V) {/ w6 s3 b: j1 q
0 a" d6 s! G. X# o UPrior 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 $320,000 home.
4 }1 x& z" O. M. _- V7 m6 A7 w3 }3 ]
* L4 d2 t5 G" G& P% g! o9 CFirst-time buyers, single-income earners take biggest hit with new mortgage rules
& A& e$ g) v5 q' r5 X2 \# U, iCMHC to issue 1st 'red' warning on Canadian housing market
9 x& \6 g1 M' q, n3 o# RMortgage 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.3 G# o; p3 D& d. K
: u9 F M- y% M# ~* ]"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.5 G1 }# b2 f0 r. X, }9 ]
* Q( i1 Y& f! Q% q
Wait and see what happens
' H, e! Y# e. X! @! a* E5 X) t( i5 c5 g% X) r# q" T
Natalie 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.
/ D' v3 a5 @9 H: o6 k' @) s" C+ J% c9 K
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
. n/ N/ q- Y' J( B7 ^0 u. Q% K( w+ v; C3 F
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; Z5 w% O* ?. Z. K
8 v& F7 ^" H/ [ _5 j; s$ k* ?
"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.
% p5 e& U( {7 Q& a
7 Q# p+ F- t1 dKinch 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
