 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. x9 M9 t/ ^9 c K, O. G7 M3 Y
( H! g. ~# g1 [4 A9 }' P5 j& jThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.0 c) r8 p' R- K7 Q4 l7 k6 D
/ Y6 ?* e% l# }# z" p0 [0 j7 n, W
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 $320,000 home. ]- I- u+ s* l, }& g5 l# ~' ]
j: B& w* Z- T& f- N2 w- Y' y! NFirst-time buyers, single-income earners take biggest hit with new mortgage rules! q5 P0 B6 H0 o# M+ F8 ^) p
CMHC to issue 1st 'red' warning on Canadian housing market
# z% C! u% a# V7 \ T+ RMortgage specialist Peter Kinch says under the new rules, affected buyers have about 20 percent less purchasing power which will put a downward pressure on the Canadian real estate market but he says the impact will be even greater in Alberta, where the slumping economy is already hurting house sales and prices.9 @: D, H) S1 i- K- ^$ \
1 a% c# F# j# F/ g
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.# n* J. N# B" S/ p4 u7 ^+ d' g
7 M; Y& f) Z) q4 m9 U+ l7 J
Wait and see what happens
5 i" |* Y' \- C3 i, I0 M* q) h7 S7 }" V
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.
& y5 [* ]9 q; x# @4 @5 r \
/ a$ N& j' d$ g, a7 K"It could be advantageous for us to wait and just see what happens to the market in six months," she said.9 Q. g+ }2 R v
* O& W& s- J% Y* ?, r5 V1 n
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.6 h7 ^* d5 d& A) Q; Z
: T. Z! T) V7 i& E4 E. Y"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.
8 k: {9 |7 z2 g6 I7 d& M3 E. ]6 E/ ]7 X ^! U! s2 p
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
