Recent market data paints a troubling picture for Toronto’s housing market, as both condo and home prices continue to fall under mounting economic strain. In fact, I have even noticed a significant drop in rental rates. Latest data shows that over 80% of condo listings in Toronto sold below asking and home prices sliding steadilyContinue reading “new data reveals sharp decline in Toronto condo and housing market amid economic pressures”
Tag Archives: housing affordability crisis
Canada’s mortgage stress test reflects a policy that has outlived its purpose
Canada’s mortgage stress test was implemented in 2018 in an attempt to safeguard homebuyers against rising interest rates. However, this has become a contentious barrier to homeownership in today’s economic landscape. Many Critics argue that this once-prudent policy is now stifling the housing market and unfairly penalizing prospective buyers, prompting calls for its re-evaluation orContinue reading “Canada’s mortgage stress test reflects a policy that has outlived its purpose”
SP Singh Ahluwalia 