 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. n d% v7 f4 I3 p7 V+ I- m7 _6 w/ i; m1 ~
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down./ f7 X) b+ x* b |4 Y/ X" ^! m
$ _8 p9 b+ G0 ?! M
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 $320,000 home.
5 S3 b7 U7 }- l8 w
. X, L( y$ h2 b7 qFirst-time buyers, single-income earners take biggest hit with new mortgage rules
, }& o% l a4 C U) h5 xCMHC to issue 1st 'red' warning on Canadian housing market$ h9 P' W# U3 R" i% v. j
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 ]5 ]6 ]/ O/ J
! E- M5 i k3 G$ a"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
! S# p. L( O/ R; N& S& F4 X! O% ~0 ?$ |
Wait and see what happens v& I1 w, J9 z l5 Y, [5 C3 E
8 l6 \3 \% p' ]; x3 s0 ONatalie 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.
" M/ ^, K$ O' e2 H' Q
! i/ s9 N' w. c b! M+ C( w3 X"It could be advantageous for us to wait and just see what happens to the market in six months," she said./ f+ h% k0 L$ |& b7 q& Y# k7 X$ \
5 P9 m/ F, Y4 s
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.
* q- n) a3 _# B: j% {$ Z2 H5 i1 G) B1 b t2 |
"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.1 n7 t7 Q0 ?5 V$ S% K
9 Y5 ~0 x0 z1 p$ t9 i' D# @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
