 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.* z1 ]3 w( _; F* O
" T2 _ D t2 V" B/ J7 O" ^The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.0 g* j, C: V, j. |8 M" g7 n
3 r, n+ F) D0 P4 s. K
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 $320,000 home.* ]$ j [4 N8 X K$ Q
; ]/ i; ^/ q3 b+ d/ ZFirst-time buyers, single-income earners take biggest hit with new mortgage rules" x& U$ v5 K) @* X4 `" G' R
CMHC to issue 1st 'red' warning on Canadian housing market& f, P+ M; u2 |; r' T
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.
) ^& J1 A9 y u+ @! M4 z6 r) Z+ z: \0 l
, h" @2 i4 D+ U1 _7 R2 L"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
( u9 C8 }2 }2 _4 v. U* {+ i$ W
3 J5 E" O* E2 C" n0 xWait and see what happens% e9 Q# |. n, w% V8 [' _
) H+ y2 V( B, |# D
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.
2 F% i2 R% { v ~7 P+ D! ~
9 _4 l' `! Y& `/ D"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
+ w; s7 _. M, ^/ \" X% N+ M; G
1 S3 @5 L4 g" [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.; M& L3 ^1 O3 I) D
% W% `0 ], t t) h/ ^! \. t
"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 P' F: K) s! g' h
: _' B( V5 u, N# M# ~; cKinch 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
