 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.5 g1 v' s! d& B. q, w/ _$ q
3 ^" E9 R8 [) y) Q C* f" M' TThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
) X& n$ Q" o$ x7 L/ m' W0 Z5 C; X, \' 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 N/ n" q5 {# o' g6 k- U
" j! f& G# W2 D, H. u' w( u) j9 X, h
First-time buyers, single-income earners take biggest hit with new mortgage rules
* ^1 p8 A1 _+ M* m! l: gCMHC to issue 1st 'red' warning on Canadian housing market
& z; m( M( Z6 v8 `1 a1 R! @! gMortgage 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.1 @- Y. ^- C- ^" }) c
% _1 h! S- k/ `4 |5 [$ v"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
# l3 M) x# p& O# D: n4 U# A6 z& F+ a+ m/ i1 @, |
Wait and see what happens
$ o$ n$ f [( }: Z% h+ f& J c# n' X1 v0 W
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.+ s( A6 z- V: Z( Y3 t; N7 [
6 J/ m. n5 u0 i"It could be advantageous for us to wait and just see what happens to the market in six months," she said.& w7 m0 ~0 ~& q* K
+ e) q# l2 ]) v, @ X3 H9 a' B4 [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.
) ~( i" s y1 M n$ Z4 a6 }3 ^7 X! w! Z( ]+ u6 `' 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.
: A z& u4 Z2 q4 c+ V7 F/ g$ ^% p0 O2 `0 t1 Y1 C' H# X
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
