 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./ P! y! I( [, n1 q& [
: ~8 k s% t5 {: }; OThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
- U( c5 ^# P7 {) g( I: q# c+ m- v! H" w: Y% n" I& o6 F- y6 D4 v' \
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 $320,000 home.
4 J L6 M6 B. K; u1 I8 Y' j( X3 y- N* p8 e' p) @
First-time buyers, single-income earners take biggest hit with new mortgage rules, p* ^+ e1 e; I8 Z) Z% O d
CMHC to issue 1st 'red' warning on Canadian housing market& o# b. f9 T' S1 D; b# Q
Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
+ A( F% d- }2 B
7 j: s, u( q) F& N0 S4 x: {"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.8 g, m( y0 `9 k5 R8 X; q
. ]; E( \, Y2 G2 ?- o: pWait and see what happens
9 H! Y: P$ P! Y' V
) D5 i; s% z: F( F* GNatalie 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 m& M# r7 Z; ^0 \+ n
% t# Y. l7 Z1 ], S& \/ G6 U
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
5 p8 y6 P+ b( Z# ~
1 T# [( T/ M; Z6 s e! v, @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.
7 Q! V# g$ |0 r4 a( s- _+ K1 U4 a! I* h0 c0 s6 b) q1 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.
$ x$ {2 {6 j' \8 V6 Y
9 t+ @6 u4 V" F' Z9 Q2 OKinch 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
