 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.
' G# O$ G4 l: Z u1 H# J
X+ u- \& J! j: l* XThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
1 ?0 u, W Y/ c. G; E, i
+ J0 b2 G4 e- y3 H; n4 oPrior 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 $320,000 home.
& m) ~5 z, B: }7 z" R; _$ i
" R% o3 e% }, @* S/ F9 w! yFirst-time buyers, single-income earners take biggest hit with new mortgage rules
" o- n, E: i6 j, ZCMHC to issue 1st 'red' warning on Canadian housing market5 k, P- v, R* ~8 H1 `
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.* d' E1 K) x7 x* L5 X! r. L
4 ~) S. \/ Q0 j3 X9 M1 \4 t+ S"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.# h, s- T* H+ q$ F* Q6 v
' ]9 Z9 [* c4 \& G
Wait and see what happens
4 ~7 C% o7 |% F. r3 r) N
z! s N0 L0 h$ q. KNatalie 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.
' }! A' t" M. T' y% r A# F# }9 y$ l; I( H# d5 @
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.7 t( H+ ?$ h+ p# u
" z; V! }. @) ^+ I, D/ f! 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.6 w2 T: S- E& o/ [9 o" r& F. l
7 u5 S! r5 v3 _- y0 ^
"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 Z( N$ M0 |1 A% R, O/ J a
! l- v2 l8 F; F6 Q2 S8 U8 @4 BKinch 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
