 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 B. W: j, o4 Q p$ J- F* T: J2 V0 @" l( T5 X/ L
The changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
3 N; k% }* N0 D2 g7 N: Q0 A% |) I# Q) q- d
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.6 l2 j) q* |+ A5 v/ I
4 ?: ~% y9 x- L5 O
First-time buyers, single-income earners take biggest hit with new mortgage rules& O' \) T2 h5 G1 l: ~
CMHC to issue 1st 'red' warning on Canadian housing market
9 P! C4 f) P- B. |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.
) x$ P- J( ]8 W7 c& r0 Y5 \ G# q+ Q+ ^9 N1 ?" g
"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
1 a Q1 n% a$ j2 Z
8 k6 v/ x: B9 p0 A0 `( q5 z J* BWait and see what happens |" v6 y0 H! ^
" t6 C' ?( Q, a
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.* d, i7 g' D( u2 n6 o- h/ D: _! M7 ^
( {! p5 q9 c/ w) `2 _
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.1 |/ I4 R+ b: Q" O
- _! R7 F9 M; c
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.* l* G9 ]2 Z+ g! ?6 ~" a
. j- m+ x/ j% D3 K: D' C
"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.0 f" d* y( W: ~
; A% f0 M3 A, 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
