 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.
% \. B6 o, X% B* h4 u/ r$ U7 ^6 _2 H- Y/ m# Y- y
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down." J- W F. ~& B/ i( e
# |* W& }! D5 k. TPrior 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 $320,000 home.9 Z' `; G7 ]9 h+ k$ |5 |: a
. u6 b* ~# c( V2 AFirst-time buyers, single-income earners take biggest hit with new mortgage rules" G" Z- Y/ ?+ G# B0 J2 g4 ^4 V
CMHC to issue 1st 'red' warning on Canadian housing market
. a7 j' X3 K4 Y( KMortgage 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.
6 y% ^6 V& e" t. }% m9 n S- w5 o, g0 b* N; v
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.) q9 t" Y1 t8 u) y& i7 X
* Y% ~5 B4 s0 `% e
Wait and see what happens
& ]9 D3 b8 f8 G6 c) s
' B2 X! j; q f* a4 B' w6 dNatalie 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.
- E( g8 \* ]) ]" j3 f7 N2 }% z1 P- {6 G$ w* ^$ S( w9 }$ r5 @% y& P6 \* H
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
& _% B3 f L6 z5 J
; b1 X1 E8 C% J: i5 j# [* b; B; jThe Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto.* ~9 `( P0 k/ R2 s0 G% X) ]
. }+ ~. W4 m& e2 b X: j
"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.
+ `7 T" F/ l% ~7 K6 Q1 w$ r
" ~* N5 D# F( Z5 w; 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
