 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.
4 |! V% t, P8 r! Y5 B/ b; z3 W
4 t9 ^/ E9 z* y) _1 ?" P iThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
& Z& Y4 ]" R& \+ k H, T
i1 a4 B& ]' m4 k5 z. _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 $320,000 home.
2 q. l+ X0 e J$ i( z
' h9 @5 Z7 u7 Z. k1 Q9 X" x$ [ T7 dFirst-time buyers, single-income earners take biggest hit with new mortgage rules4 i5 v7 E% h' F. {, s
CMHC to issue 1st 'red' warning on Canadian housing market$ v& c" y$ d8 a$ M! b1 j
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.
, I+ a0 J; b% y( ~# R$ i! p6 c4 s7 c4 P% u$ g l0 H( z) i# B
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
7 l' o( h' p7 T8 [; S6 Q c: \) I
Wait and see what happens, L, _ |& G4 R5 L9 N/ G1 r
) P) W/ B' `# e" m3 G, W+ y# ^( K; \
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.
) ~0 O+ t7 F9 F2 K2 t" B7 u( U1 D) G7 t6 i: Z5 `5 g
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.1 Q- s9 S- V" n! c! k
C7 H8 X5 U: E) _/ T+ o5 n, s2 w. ]% pThe Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto., L5 y9 Q7 L+ t9 T' R, e
$ d. V9 a0 t( {8 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.9 z) Y5 T& V/ v d5 Z! q
7 ?% D4 L3 H( d& X
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
