Here is the latest from the Toronto Real Estate Podcast with Ed and Sherille Layton. All this year most buyers and most real estate professionals have complained about working in an aggressive seller’s market. The Government of Canada, their independent agencies and the Bank of Canada were all talking of potential overheating and concerns about affordable home ownership opportunities for Canadians. In the last week changes to the Stress Test (standards for pre-qualification for borrowing) and the First Time Home Buyers Incentive were announced, all of which were aimed at creating Government leverages to impact these issues. In this podcast Ed and Sherille look at the changes made, why they are interesting and analyze potential impact.
