 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.
w- E! r ]; L, Q! r
) y6 G+ C' d t% _- e1 ?( LThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
8 `1 F, }# G, J7 W* m
+ Y* }6 O" U* M6 h4 z2 e% mPrior 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 $320,000 home.
3 V$ X! E2 C& b
# n9 U$ m. W% r0 OFirst-time buyers, single-income earners take biggest hit with new mortgage rules& h( K4 P) F$ m! N/ [, Z
CMHC to issue 1st 'red' warning on Canadian housing market
# |+ D. M5 Y l8 ~/ m. XMortgage 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.
4 m2 [ ]) _4 s. J8 r) O1 ^" P: ^0 X5 l
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.6 @( ?# C; U1 C- a: }
# o& A7 u# r! c' k% v9 N5 q
Wait and see what happens
0 v6 N! Z1 |4 b8 K4 c3 `' r6 m8 @, A( u$ x( X; k& m; ?/ E' p& i
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 a3 c; W8 ]$ M/ F& f$ W7 a' C# |+ Y& ^0 ~8 D
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
2 A" c$ \3 R6 g; X* N2 I7 s" v a( B7 m: t# L, K& x9 r
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.
+ `. O. V4 `6 s: c* S+ @( _% q3 j# D( Y' S7 [4 v
"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.+ `+ {. K" S. S6 ~
6 W y% z. C' VKinch 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
