first-time home buyers

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Rising Prices And Rising Inequalities: Canada's Real Estate Market Is Out Of Control

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Rising Prices And Rising Inequalities: Canada's Real Estate Market Is Out Of Control

Toronto’s real estate market has been characterized by its intense competition, lack of supply and soaring prices. The pandemic has further exacerbated the market, pushing more and more buyers out. Millennials and younger Canadians, seniors and those on fixed incomes, and young families without the luxury of generational wealth are feeling the brunt of such a market.

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New Stress Test Regulations Are A Nightmare For Many Buyers

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New Stress Test Regulations Are A Nightmare For Many Buyers

OSFI has proposed new changes to the mortgage stress test in an effort to cool an overheated real estate market. Markets such as Toronto and Vancouver have been exploding over the past twelve months despite the pandemic. It brings the question of whether this will have the desired effect or will simply be a temporary solution to an ongoing problem.