Toronto real estate board calls on Ottawa to revisit mortgage stress test

Canada’s largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto’s once red-hot housing market. “While we saw buyers return to the market in the second half of 2018, we have to … Continue reading Toronto real estate board calls on Ottawa to revisit mortgage stress test