 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 g8 I& B7 c, b5 R0 E
. n" n/ [8 m2 JThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.5 `8 E! c" [$ X( F/ A4 s. b
/ g; N% N' r: Y1 V9 t: ?
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 $320,000 home.- B- m) @' p) W+ M) f
. f& R; x' O) j6 KFirst-time buyers, single-income earners take biggest hit with new mortgage rules
" `3 P, u+ ~" ?- U9 ?; K2 {CMHC to issue 1st 'red' warning on Canadian housing market
; H) S" }5 A2 H3 w3 fMortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.# l: H5 s6 A$ b
8 P7 o7 `. O" x: ^: E; s
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.& f$ Q( @/ ?7 l/ }
( I+ O1 M; p' E# P X$ t5 ~
Wait and see what happens$ f1 Q/ R4 _% y1 `# W
7 O y: \) Y6 e; v
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 ^8 |+ ]; K# \/ k
' T- L5 t q! M5 f3 _: Z"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
- l# Z: \5 M. }1 I3 O; Z- C' m& S1 |2 r0 \ b
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.9 A5 n4 @, U5 I4 D7 Z7 Y7 w
- _2 L4 C/ B- @: J+ y+ F9 x2 q
"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.
( F( m2 G" q0 X$ o! a' X0 {& T( q8 S& Y- y! d
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
