On April 8th the Office of the Superintendent of Financial Institutions (OSFI) proposed a 0.46% increase to the existing Stress Test, raising the mortgage qualification rate from 4.79% to 5.25%. This will ultimately reduce people's buying power by 4.5% But in this environment, will home prices reduce by a similar amount? We look into what happened when the Stress Test was originally introduced, and how much home prices fell then. www.thevancouverlife.com _________________________________ Contact Us To Book Your Private Consultation: 📆 https://calendly.com/thevancouverlife Dan Wurtele, PREC, REIA 604.809.0834 [email protected] Ryan Dash PREC 778.898.0089 [email protected] www.thevancouverlife.com

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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