New mortgage stress test affects the Canadian housing market in a few ways


Ever since new mortgage rules came into effect on January 1, the Canadian housing market has seen month after month of slumping sales numbers.

But that’s not the only effect the rules have had on the market, or the Canadian economy. Household debt levels have lowered for the first time in years, condo prices have been inching upwards, and it looks like the market could be about to stabilize.

For a closer look at how the stress test effected the market in May, BuzzBuzzNews has rounded up the latest commentary to keep you in the know.

Read more here 

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