 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.; N' n" h+ Z! c! N- l" R. C' X
% R# o4 K* t$ _$ @; s1 e" ]) v- d. \The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
& J, N6 I% R, k, G: o, J" C6 I1 Y3 z |& `( ]+ 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 $320,000 home.
& n8 K) h* u7 j) Y% W
) @- U( v* e, d9 }; LFirst-time buyers, single-income earners take biggest hit with new mortgage rules# M- E* F9 h" {& P" Q
CMHC to issue 1st 'red' warning on Canadian housing market: g9 L$ o, x$ k# z' q" U8 f f
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.
) t. F( J1 @. {. Q* i" H. l5 B0 G& j# V8 Z
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said." N& ^7 ?+ ?! L4 d" i
) {3 m3 L+ H% ~7 J. z, `+ ?
Wait and see what happens8 G$ T, P# L% L0 z: a5 g) V
: R' M) ]5 {8 R/ aNatalie 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.! K- H% t M/ q0 P( @( c9 p7 Y
: _: F: f2 T9 G" n8 w: w4 t' |
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
8 v H {9 Q" h& f8 a: D# y1 x$ y- J4 Q4 n) j2 z) P" v/ S3 ?0 {
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.# v& c0 w, c* \6 p0 V2 R2 E
3 a5 B9 J& w) x# ?+ b
"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 K$ x$ G1 z! ~5 I1 A
8 D( W: }5 T! L1 l4 pKinch 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
