 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.% G! u4 Q2 w5 _# u, X2 Y
- d1 y6 d: ~( [
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
: Q2 \ R/ u0 R a1 p( I
2 p% V' @/ |; i8 E6 @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.8 t8 B' W) {5 G
* X3 q! D" b/ i# |5 H% y7 I) s% B2 CFirst-time buyers, single-income earners take biggest hit with new mortgage rules
5 \( E# U8 j0 z: b$ e% \& O8 yCMHC to issue 1st 'red' warning on Canadian housing market4 @" N( G/ P$ q2 i9 j s% [, d7 K
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./ F1 i5 j- ~3 a1 |4 N
2 r+ M* N2 ?5 N"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
" H" t( O) M$ k* y% S* R# x5 V0 J5 t5 {% K* w+ D5 c
Wait and see what happens
. M# \/ E: t; ?" g8 {( v1 t4 U1 V+ p, w9 Z
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.
+ ~* x& {5 B& Q. P- C) R+ d2 q; O
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.9 U; a" U# u# w9 s, w( c1 n' c0 `7 v
" G& o( L' C* W* T$ ^' |; |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.
# b1 Z$ o. X# q, B
- {/ R, w8 y# W"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.( g: \8 z; p, D% F( p. \
5 r; Q* t4 }) L7 UKinch 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
