 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.
7 C4 `( W+ Z4 M$ i2 i8 F1 K" M. a
9 y7 V/ P) ]. d/ a5 hThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
' ]) H5 w; M& q r2 S
& O4 H$ j5 `6 g7 ~) ?) CPrior 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 $320,000 home.
: ^, l% k$ k0 q* ?. z+ m' @9 N/ A# h5 E- r# t$ t( q6 D
First-time buyers, single-income earners take biggest hit with new mortgage rules# r4 M7 ]$ _9 R9 L$ q6 c% z D
CMHC to issue 1st 'red' warning on Canadian housing market0 ^- |* r- q5 e, B
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.
$ y& W! d+ i: j) b
3 ~: @% B: J3 O# m4 h" a3 V5 f"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
! V1 ?+ r f$ O% N; ^
% q d5 F6 m# Z1 K: H5 gWait and see what happens
7 v& o' d* \, {! @- t' ~" x% J- B+ i+ S2 i, p7 }
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 d( i- z [4 E# x2 |# r$ i/ M/ b6 F# I4 D. I8 D8 n
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.4 w5 r: p. N1 I0 x, b3 F
: [8 m1 D9 l% \* Q$ w
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.
( D8 J: W2 Q+ F, o$ I2 L# p* T- t% P0 a6 B; q) z& ]
"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.& s! {# w/ c4 h- i* v
3 E( A. d. O4 A! N4 aKinch 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
