 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.
2 \. m: C1 M" v& Y5 |. ?5 @- ]/ l" _' ]# X; L' x* |
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.1 W' f: A1 A2 U4 ?7 B
6 _* r8 ?+ {9 s- `9 q4 U
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 $320,000 home.
- }. _) q* x2 i) V7 A, U6 ?
" k& W5 J' M' }First-time buyers, single-income earners take biggest hit with new mortgage rules0 y8 k0 U, d9 R6 b, V0 S) U4 ]
CMHC to issue 1st 'red' warning on Canadian housing market4 X/ d O2 p9 D5 J6 F, v. i& m# B7 ^
Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.% Q% U# ?: m) [3 }( x1 f7 B
/ h. N: r: \" |% B2 b"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.9 l! u' H" I- O ]. G6 }/ r" E8 b3 O% O
; s2 l- T- L( {2 z4 z
Wait and see what happens8 Y% X% r8 h- G4 Q% e( m K
( N# G* W4 ?3 c# A; W% BNatalie Whitney and her young family say that's what they're banking on so they've just decided to put their house hunting on hold.3 N: l4 T/ b$ Q f! Z. c
1 ?* G: K7 a! p% r/ Q8 a"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
! d8 d" i3 A6 [( \7 s" t" U- z' ?: `1 j- x$ _) M# j0 |& t4 Q6 d
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.3 N9 {: \. q9 K: B# a0 j
$ k7 k: O: ^2 S J4 a
"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.
* E! ^' a6 m m5 W
6 t2 z _9 c# H' `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
