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Listen "How Does the Latest Government Policy Impact the Toronto Real Estate Market? EXPLAINED"
Episode Synopsis
How Does the Latest Government Policy Impact the Toronto Real Estate Market? EXPLAINED
The Office of the Superintendent of Financial Institutions (OSFI) announced a policy change over the past week that has essentially diminished buying power even further. Unfortunately, this new government policy doesn't help those who are already struggling to qualify for a home purchase, especially first-time home buyers. OSFI has mandated an increase in the stress test interest rate for all real estate buyers from 4.79% to 5.29%. This will ultimately reduce the buying power for everyone, but the real question is by HOW MUCH and what type of effect will this actually have on the Toronto Real Estate Market as a whole?
Back in 2017, when the stress test was first introduced, the Toronto Real Estate Market saw a fairly sizable reduction in demand which resulted in receding prices shortly thereafter. As the Toronto Real Estate Market is currently red hot, what does this revised stress test policy mean and how will it change things? Will this new government policy change the pace of demand for Toronto Real Estate? Tune in to this edition of the Prime Properties Podcast as I dig deeper into what this recently announced market intervention means for us all!
Video Interview with Adam Vaughan: https://www.tvo.org/video/what-should-the-government-do-about-housing
#TorontoRealEstate #TorontoRealEstateMarket #RealEstatePodcast
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►►Want in on the SECRETS of Real Estate Investing?
If you are serious about finally investing in Toronto Real Estate, then I am committed to showing you exactly how.
Unlock the Secrets Here: https://bit.ly/WealthHackProgram
--
►►Enjoy Our Curated Real Estate Content?
Sign Up Now to be Part of the PPTO Family and Receive Our Weekly Newsletter Series Delivered Straight to You! Don't miss out on the latest market updates.
Click Here to Stay Informed: https://bit.ly/PPTOcuratedcontent
--
Find Zhen Here:
Website: http://www.PrimePropertiesTO.com
Book A Call: www.ChatWithZhen.com
Email: [email protected]
The Office of the Superintendent of Financial Institutions (OSFI) announced a policy change over the past week that has essentially diminished buying power even further. Unfortunately, this new government policy doesn't help those who are already struggling to qualify for a home purchase, especially first-time home buyers. OSFI has mandated an increase in the stress test interest rate for all real estate buyers from 4.79% to 5.29%. This will ultimately reduce the buying power for everyone, but the real question is by HOW MUCH and what type of effect will this actually have on the Toronto Real Estate Market as a whole?
Back in 2017, when the stress test was first introduced, the Toronto Real Estate Market saw a fairly sizable reduction in demand which resulted in receding prices shortly thereafter. As the Toronto Real Estate Market is currently red hot, what does this revised stress test policy mean and how will it change things? Will this new government policy change the pace of demand for Toronto Real Estate? Tune in to this edition of the Prime Properties Podcast as I dig deeper into what this recently announced market intervention means for us all!
Video Interview with Adam Vaughan: https://www.tvo.org/video/what-should-the-government-do-about-housing
#TorontoRealEstate #TorontoRealEstateMarket #RealEstatePodcast
--
►►Want in on the SECRETS of Real Estate Investing?
If you are serious about finally investing in Toronto Real Estate, then I am committed to showing you exactly how.
Unlock the Secrets Here: https://bit.ly/WealthHackProgram
--
►►Enjoy Our Curated Real Estate Content?
Sign Up Now to be Part of the PPTO Family and Receive Our Weekly Newsletter Series Delivered Straight to You! Don't miss out on the latest market updates.
Click Here to Stay Informed: https://bit.ly/PPTOcuratedcontent
--
Find Zhen Here:
Website: http://www.PrimePropertiesTO.com
Book A Call: www.ChatWithZhen.com
Email: [email protected]
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