 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.* w5 D: g% r$ D4 k4 O- y- q* ^
5 V- l8 Z _1 E% f4 u, HThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
4 O5 ~0 y4 X4 Y6 G6 C% n8 U7 g2 C! {% u
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 $320,000 home.
5 F) a! E& |! J" Y9 n
; q, S# W& A' e, xFirst-time buyers, single-income earners take biggest hit with new mortgage rules! m d1 x7 Y Y% \7 l0 I
CMHC to issue 1st 'red' warning on Canadian housing market7 U" e8 m+ C" K
Mortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.
8 N; l8 M3 H& o" Q& N$ H: m5 S3 A# M
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said. ^: j# Y0 C& }* h
+ T0 ~. v/ P. }, e k& ?6 V0 n" d
Wait and see what happens2 e! G) U7 L. O$ C G/ J/ P; M
* ?6 j& _ i, l
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.7 v) ~1 L% {- U& V$ F" _6 g
2 K( _. N2 n6 U( P$ B1 w"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
X: t( z5 U1 W$ J( Q% i$ L: k' w8 E3 J0 {: l( e. G% I$ D
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.
C7 _3 S. R% h; `: O* P& a. O- e4 b6 L2 _0 I& x/ y9 p" A: n# ?. L* [3 T
"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 S7 O9 V: B$ ]6 Y7 \ x
/ d# @( p; D) O8 x4 g2 ~; [: vKinch 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
