 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.
A; b( s7 z3 Q+ l4 I9 g
' z. g/ D% a, C1 B- O5 ? eThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
& W4 b# u3 Z5 Y/ {7 X( R/ Q1 [7 ~- t) E8 b$ a* _9 j, k) d) |7 h
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 $320,000 home.* g9 D7 H4 _" n; N+ P: U0 v8 ^
3 Z% R( C& }/ L% r' a( B, u. G
First-time buyers, single-income earners take biggest hit with new mortgage rules
7 }3 X- B" k/ x7 c2 J/ OCMHC to issue 1st 'red' warning on Canadian housing market
I; W1 u, A- N! I6 W! ?Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
5 W1 l4 N; @" b' q* N h' o3 ?& Z5 u1 t, j$ V0 A/ ` U
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
4 O) B: ?/ B) @. q" ]0 p+ ~% w3 G, P' \* E8 I9 u" a. r3 C& i
Wait and see what happens
9 h# A& k+ l4 d `
+ G" s) a) v! p6 k% }, HNatalie 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.* W" o7 [ k: @' g
) Y U9 L4 H# v& e# {7 V. ?2 H' G
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
' Q5 [( ] {' g' y9 h/ k7 ?
) G# @" U. H+ R# l' m+ w5 XThe Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto.$ U! o3 G/ A0 Y; e3 }
$ \7 f8 T; x) h"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.
: d, q3 D& o0 c! f! c1 _# B6 Q/ X+ C; x& h& ~) @
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
