 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.
- e$ H2 K4 b) b @, Z" O
+ z6 A6 V+ s% t( nThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.# e( E( n6 |7 ]0 o, Q
# E7 ]* u$ }) _( Z4 @/ o2 f( W" R) XPrior 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 $320,000 home.1 w& d1 j( \& ^, {: ]9 P
0 Y3 l2 z1 v: { ^
First-time buyers, single-income earners take biggest hit with new mortgage rules4 Q/ E# Z" ^# i- c$ v
CMHC to issue 1st 'red' warning on Canadian housing market
3 F) }7 E' T3 ?1 [, V0 u2 e; _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.
& }8 Q: _3 j, S S8 o. ^$ c$ d( O4 w9 h6 G9 ~, c' u
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
: T: K* P) @- N# ?, w( H; P u5 | J. `" q( B2 P+ S
Wait and see what happens
P! {4 T/ `& i/ c2 o, I Y" @: ~# y" d2 V& R
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.' `' p) U9 h% o+ E0 u
9 j3 x: Y5 t ~3 r"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
* r2 H5 z, } _2 s7 q) v p' z. Z, x! A
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.
! F7 k' B1 i% _ E- A. m
8 b' Q6 A1 @6 C( [' F x"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.
8 ~- [/ I. j) { f$ O- V; g+ k5 a
, B. d5 p& ?0 V, O' PKinch 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
