 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.
- o; `+ h( ~: L1 e6 J& y& Y' H3 `
6 B. a( U0 B& a3 ?- f) ^The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
' H9 d- q: T% k) ~
; H: a' T8 R# {2 p! E* p3 \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 $320,000 home.. T. ~& @: O! l7 P/ w2 J: E
, C! F" x, Q8 T3 I( o( x: |
First-time buyers, single-income earners take biggest hit with new mortgage rules2 \7 k( N$ ^& f# N
CMHC to issue 1st 'red' warning on Canadian housing market& i# o: [# j! O3 Q5 w4 a( Q
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.
0 S$ k& P2 \7 H. D7 x
! j# V9 u% ` G( D: u2 f7 h& v) z"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
( u* T T: R# S- c. L( h' R( w, ^) J* j3 I" q
Wait and see what happens1 t( m" [& N- _! s
% t& {# F1 |7 q+ ]* Y, s
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.
8 Q2 e. R' J* I4 c$ D1 L6 G! q' R
& m, ?* ~- N, g" r* S& p2 `"It could be advantageous for us to wait and just see what happens to the market in six months," she said.# m0 S* E! c5 T2 F4 i% y6 k
" f7 Q* i% J* f. h) 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.
' g. S8 L$ U. W. V$ D/ J
+ s3 G' I) j$ A! b4 c"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.2 T* g0 ^; y+ q* g p. Y
0 R6 l+ L4 E4 ~
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
