 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.9 A& k; ?+ r' \/ o: c- a2 v
. ?" A0 U5 O3 p0 c! M2 Z2 y1 UThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.4 S6 k3 o$ m$ [: q
; t" L7 E% D) C# ?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 $320,000 home.
; u& u8 l( K. _5 \8 W. P p
" i: [: j( M3 P# qFirst-time buyers, single-income earners take biggest hit with new mortgage rules
1 m" E/ i" Z/ W0 Y6 V. A! J0 @, mCMHC to issue 1st 'red' warning on Canadian housing market
. z! B; ^) }' @( b2 qMortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
7 B1 U- P2 f' b
+ v, L) E' T+ |$ |! J"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
6 F* S( R+ S- Z' _) o" S$ V. w0 }$ _8 O) w
Wait and see what happens
3 E/ t% m) N& y; x# K
+ ?% j9 E" b& X* s1 l ?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.
: s( ^# V' P4 k o) W9 f0 U& d0 l7 W3 B
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
6 v3 B% o. U- h6 i. X2 L. |5 S& m7 @! g2 j
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.. v" ?+ X$ w9 E7 l9 q- w% j6 c
: y; Z; }% a# b: z
"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./ N& P, G/ e" T2 ^* g
, }8 s4 _' ~; p" T7 H5 {
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
