 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.: F F9 k1 L# M2 C
`0 W1 j2 l% mThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
* u. W. k6 l! L6 j3 k' [9 N; { Q0 U. u7 j& s% H4 |% 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 $320,000 home.
/ H6 S1 e) F. e, Z9 E8 P
6 _) n1 K3 S$ [4 L5 @8 D8 q# fFirst-time buyers, single-income earners take biggest hit with new mortgage rules
" i! s9 M8 v7 O5 ^4 uCMHC to issue 1st 'red' warning on Canadian housing market
2 x, h8 q: D6 L# l0 Q: _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.! D$ @$ g' L. q" P/ N) Z
8 N/ w. m) h; W' x% [6 [0 I"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.! v) X' B* s; V9 Z w6 [8 P4 ?' E. T
$ ]. w3 Y/ g( tWait and see what happens
& G- I0 S( N0 n: w
/ x: l- W4 m1 \: Y+ \9 p" sNatalie 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.
: ?9 p# U7 J+ Q' N) g
4 X1 i( l- A2 a0 n0 J! g+ m3 p"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
6 {& S& c7 v8 o3 |' M9 T+ I
# f' F; b& G+ ?4 `% w( lThe Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto.
; W6 S# }; Z9 N$ U$ ]- N9 X6 P/ B" y: {8 i- U" k4 n
"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 b2 H3 q! ^/ ]; o2 o" Q7 j2 v! m4 a6 Q
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
