 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.# `+ y6 n3 j& {
w D9 @( H' P, F- E8 ?. X0 yThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
. Q) I% I/ @, k- x8 r
4 Y& n U( V( t3 ?Prior 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 $320,000 home.
7 D9 D, B- f- N U$ b* C: Y" ^0 o
9 e& k9 W: W& ~- l# {First-time buyers, single-income earners take biggest hit with new mortgage rules5 I2 N% F7 R" h! X
CMHC to issue 1st 'red' warning on Canadian housing market
! X3 K0 x) V. d, G5 E) KMortgage 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.
5 Y% T, X# p0 m7 |% V- `
1 M4 E0 h# [9 T, D6 a"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said., ]2 Y: n! F0 e
' p; T z2 S7 M' n! c8 G
Wait and see what happens
% T+ x4 F& g5 _3 R8 e$ O7 Q9 y$ u% ~7 l$ I I. [
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.
: B _6 r2 `3 w/ j' ]$ r% b5 ] \2 {, n, @/ c5 J$ O. V) j
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.2 ^! M7 r' M- M+ k% w
" H3 m4 U+ W$ a7 j, }" r( ^* X4 i
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.
4 L$ g% V6 o# W# r# l; S1 H
4 q7 ~' R0 }# w( @% V9 N9 ~9 F/ 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.
3 G6 S" j$ s- A4 z/ x0 y, Z/ b$ a- y5 K' j
Kinch 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
