 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.
* D X! Z0 K) x. }& h2 \: b1 J$ ]3 [8 P q3 W
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.4 o$ r8 M5 E: X: U0 x( S/ ~
/ k* s& b. y5 g7 ~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 $320,000 home.
# O- X! a- K# h; N' Y) S2 \1 o
) U& `0 k; d. ^! JFirst-time buyers, single-income earners take biggest hit with new mortgage rules4 V3 a4 N+ A- P; l! g6 ~
CMHC to issue 1st 'red' warning on Canadian housing market" o6 U L D9 }
Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices. a% `& k, F0 e6 l; f% X: e6 p
2 V0 {4 s* |$ w4 o( U
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
& L4 S4 D* `$ k5 V2 e& p: y% u& s7 ?$ S
Wait and see what happens4 u. ]3 O! ~6 t
1 [2 F) i1 U0 w: l$ @7 G) p8 nNatalie 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 V( Z9 M9 \7 Y2 ]% |
, Y) V0 e) A" K0 j
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.! F1 Q/ T% a0 o4 P4 R9 f; s9 S
$ A: V5 p% C9 D1 L
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.
% N* e. ~$ C9 z+ ^& V
. P$ J8 e! |; B, s. X"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./ [4 A! D1 {' N% x0 d( M9 w9 V O5 ?
# ^' D* }! h7 \0 e! s2 @+ z0 c
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
