 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.
# o: m5 ?0 k1 }0 {: m
% x" F- y7 {# F2 e' Z! K/ T6 rThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
" E+ e% m$ l% Q; d- c2 M( Z2 D1 ^/ D' M( g
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 $320,000 home.
) K: e. C" k l& \9 x7 Y9 L% w% f* R- p+ B7 g; q+ I6 s2 j0 t
First-time buyers, single-income earners take biggest hit with new mortgage rules
+ V; Q& Y( M: ~2 O) Q1 ~CMHC to issue 1st 'red' warning on Canadian housing market
# R4 F+ {* V% Z' \0 _Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
! e2 Y# _/ X$ V3 V6 M% {7 t3 e' g
S1 a- i$ p& e, h+ p! E"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said., |6 s0 v* F. I$ [
+ ]7 L" k+ H* Y$ R% E% FWait and see what happens
d3 l+ y" Z/ F- y. k
( m/ Y m$ u: g# `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.
* B+ K6 e0 ]& C8 J& R$ X0 L; R a1 p$ u7 \
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
$ B3 [8 X5 j- R. A5 r1 |* z4 k) U! L& L4 a3 h& ?6 L) `
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.
U0 _2 R. x3 F, N, P# X& W, ?0 J
+ G, i) U/ P8 R# V2 {"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.
( n6 j0 L9 [2 g" q; B& {7 V2 U
$ V7 h4 S5 B$ a3 \: U# t' ~$ }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
