Globe & Mail: Stop blaming the mortgage stress tests for killing the housing markets

When things go wrong in the housing market, people get angry. So expect to hear a lot of irate commentary on whose fault it is if house prices keep falling in Toronto and other places where people have been making lots of money off the housing boom. The narrative is already taking shape: The introduction of mortgage stress tests for home buyers by the federal government’s banking regulator has ruined the housing market and, in particular, hurt first-time buyers. Allow someone who doesn’t make a living off the sale or financing of real estate to set you straight on all of this. What’s happening in housing is actually healthy. Slowing the market down now lessens the risk of a plunge that would traumatize this country worse than any stock-market crash ever. Read More...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
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