The mortgage stress test has been a hot topic since it was first introduced in 2018. Some in the real estate industry believe the policy has done its job and it’s time to revise it, and some believe it should remain the way it is.
Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market.
There's a change in the air. There’s talk of prefab housing being piloted to combat homelessness. Laneway suites will soon be popping up across all of Toronto. Sidewalk Labs unveiled plans for mass timber building designs and prefab construction.