TREB Calls For Longer Amortizations to Ease Stress Test: February Report
By: Zoocasa The Toronto Real Estate Board is blaming a soft housing market on tighter mortgage lending rules — and wants 30-year amortizations back to fire up sales. Sales declined 2.5 per cent to 5,025 transactions, while property prices edged down 1.5 per cent to $780,400 this February year over year. “The OSFI-mandated mortgage stress test […]