Canadian Real Estate Industry Cuts Existing Home Sale Forecast By Thousands of Units

The Canadian real estate rollercoaster continues, as expectations temper from recent highs. The Canadian Real Estate Association (CREA) released its quarterly forecast for existing-home sales. The industry organization is still expecting a record number of home sales this year. However, the rapidly changing environment has led them to cut expectations by thousands of units. Over […]

Canada’s Real Estate Industry Just Asked OSFI To Loosen The Mortgage Stress Test

Canada’s real estate industry is asking bank regulators to loosen lending standards. OSFI, the bank regulator, is currently holding feedback on B-20 Guideline revisions. The Guideline, better known as the “stress test,” ensures borrowers can pay their mortgage after a modest rate hike. The Toronto Regional Real Estate Board (TRREB) wants some tweaks, arguing it’s […]