EPISODE · Apr 10, 2021 · 22 MIN
How Much Will The New Stress Test Affect Real Estate Prices?
from The Vancouver Life Real Estate Podcast · host Dan Wurtele & Ryan Dash
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 _________________________________ Contact Us To Book Your Private Consultation:📆 https://calendly.com/thevancouverlifeDan Wurtele, PREC, [email protected] Dash PREC778.898.0089 [email protected] www.thevancouverlife.com
Embed this episode
What this episode covers
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. &...
NOW PLAYING
How Much Will The New Stress Test Affect Real Estate Prices?
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.