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How Much Will The New Stress Test Affect Real Estate Prices?
Episode 42
Published 4 years, 11 months ago
Description
On April 8th the Office of the Superintendent of Financial Institutions (OSFI) proposed a 0.46% increase to the existing Stress Test, raising the mortgage qualification rate from 4.79% to 5.25%. This will ultimately reduce people's buying power by 4.5% But in this environment, will home prices reduce by a similar amount? We look into what happened when the Stress Test was originally introduced, and how much home prices fell then. www.thevancouverlife.com
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Ryan Dash PREC
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