 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.: J( {* t- Z: }: q6 p+ X$ f
* L1 ?6 F/ S1 X7 u& C/ E# HThe changes are meant to make it tougher for buyers to qualify if they put less than 20 per cent down.
6 j9 t' P. z# b4 u9 t& D' b# U, i _
0 C2 L' C1 i( g @' Z5 P+ J! gPrior 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 $320,000 home.5 j# b% e! l. p, d
5 f$ u7 ?" {7 T( mFirst-time buyers, single-income earners take biggest hit with new mortgage rules$ K# p# O; E2 N' T
CMHC to issue 1st 'red' warning on Canadian housing market" w2 s2 F6 j+ I1 W5 ~
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. Q6 a& h7 ?' i+ P. Y
2 I X1 G; j T"In a real estate market that's struggling to recover already, it could have a very negative impact on that market," Kinch said.
7 Q. N+ B- q8 U! k2 a' z. y: H2 R, y1 }
Wait and see what happens y. o, }7 o1 u, p
: \/ j$ [' ?* G. q
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.
: Z9 N6 F; n( Y0 Y6 f7 ^: ? F" t# K4 e7 i& X& ]/ @7 `
"It could be advantageous for us to wait and just see what happens to the market in six months," she said.
: g3 A4 m* j6 X- i7 k# q8 \2 f3 k1 T" {+ a E+ }1 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.
8 X" _$ S+ r- p( k/ b( t! k. x' C6 ~5 B3 l' v
"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 Z* L5 l' M# b7 D
3 D4 z& e0 A# ^" N5 r2 c* s, [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
