 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." N+ f+ B1 f0 S" w, _
6 ~& c& l3 x4 @1 V; |" [+ v# ^7 X' e
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
9 R' G7 U& f k( m2 e- K% x( T$ P8 B: k- c7 Q" {
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 $320,000 home. ` u) N' \8 ]
" O1 O7 W% ]. r( X, ^% S" ^
First-time buyers, single-income earners take biggest hit with new mortgage rules t! H: A3 _4 r4 z0 {- t. h
CMHC to issue 1st 'red' warning on Canadian housing market
% ]9 N: s/ m) n4 D0 m2 p$ aMortgage 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.& `. q( [* D. o9 b. m e* u
/ D' e, O& j3 Z- ~
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
+ B5 `3 o5 h2 q+ k
" W" r* S9 P) S3 x' J- @# O& _Wait and see what happens
7 D+ z7 h M/ l& z* _, b) t" ^9 I
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.- ^/ X2 l7 m q6 N" w, E
0 Y) B4 ^0 L# o3 M+ f1 T* ^+ P"It could be advantageous for us to wait and just see what happens to the market in six months," she said.4 o- l; T& N. v
8 o* ?- @5 F% D w
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.3 X) c+ l9 @; F, J5 U. `' ~3 [
- X+ s' e$ L) {& 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.
) Q" h* M3 u' y7 q; h& a x
B; p3 X3 H0 b- m" }4 wKinch 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
