 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.
4 g8 O) Y$ p/ t% C# _* _5 H8 H2 j8 |; b/ }" m
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.9 H6 p/ O1 z7 d5 o- P
7 e4 f3 |9 e. u) s8 r" y# s# S
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 $320,000 home.
3 R5 J- |0 {. G; [
( ] K% j$ _6 O9 rFirst-time buyers, single-income earners take biggest hit with new mortgage rules; Q# C+ K% \( m) T. w
CMHC to issue 1st 'red' warning on Canadian housing market
9 k2 @% y+ \0 o0 _8 L) a3 OMortgage 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.
6 @7 R4 N( H+ v1 c u% }9 d. p- v* K1 f* Q3 D: o8 v: e
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.4 l! o9 k! I5 j
7 B( N, X/ s! N' w4 z
Wait and see what happens
- d% c* s) a5 ]; w0 a- ?) |3 G7 n9 y4 E6 A; m
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.
6 l3 K1 y' J2 d3 M x& ?/ j8 ?5 N" R a# C$ a& F
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
4 d: F/ R3 ` i
4 \3 G* J& Y* g1 ~$ fThe Canada Mortgage and Housing Corp. issued its first ever "red" warning on Monday, referring to real estate affordability issues spreading beyond Vancouver and Toronto.! {. D- d9 o4 i! v8 H) t
) F" M, {9 t) X K"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.9 [* W" Q1 T- M! e) o: d
8 a, {0 ]: a' ~9 W8 |5 B7 KKinch 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
