About 100,000 Canadians have been prevented from buying their preferred home since late 2016, because of federal mortgage rules.
Wednesday Jul 25th, 2018
According to "The Globe & Mail" today, Mortgage Professionals Canada reports that Stress Tests disqualified 18% of buyers despite being able to afford their preferred home: Primary cause of the 12.5% drop in home sales in Canada in the first half of 2018.
More on this here: https://www.theglobeandmail.com/business/article-stress-tests-disqualifying-18-per-cent-of-canadian-home-buyers-report/
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