Canada’s Real Estate Industry BEGGING for Help
#canadarealestate #MortgageStressTest #ForeignBuyersBan Mortgage brokers and realtors are begging the government to remove the stress test and end the foreign buyer ban — just as affordability is finally improving. In this video, we break down their arguments and explain why this push has nothing to do with helping buyers. Links: Speech by Senior Deputy Governor Rogers/Discours de la première sous-gouverneure Rogers: https://www.youtube.com/watch?v=YFDfbZJ342g Toronto’s Housing Market has completely fallen off a cliff: https://www.blogto.com/real-estate-toronto/2025/07/toronto-housing-market-fallen-off-cliff/ Owning a home in Canada is the most affordable it’s been in three years: https://www.rbc.com/en/thought-leadership/economics/canadianhousing/housing-affordability/owning-a-home-in-canada-is-the-most-affordable-its-been-in-three-years/ Stress test changes could unlock more Toronto buying opportunities, says broker: https://www.mpamag.com/ca/news/general/stress-test-changes-could-unlock-more-toronto-buying-opportunities-says-broker/541704 Is it time for Canada's mortgage stress test to go?: https://www.mpamag.com/ca/mortgage-industry/industry-trends/is-it-time-for-canadas-mortgage-stress-test-to-go/537926 Toronto’s Richard Silver of Sotheby’s urges Carney to allow foreign buyers: https://realestatemagazine.ca/torontos-richard-silver-of-sothebys-urges-carney-to-allow-foreign-buyers/ Canadians support foreign buyer ban amid affordability concerns: https://www.mpamag.com/ca/mortgage-industry/market-updates/canadians-support-foreign-buyer-ban-amid-affordability-concerns/533350 Posthaste: Homeowners up for renewal are in for a wake-up call: https://financialpost.com/news/mortgage-renewals-wake-up-call-canadian-homeowners Mortgage Qualifier Tool: https://itools-ioutils.fcac-acfc.gc.ca/mq-hq/MQ-EAPH-eng.aspx Latest regulatory changes will support the Canadian economy—CMHC head: https://www.mpamag.com/ca/news/general/latest-regulatory-changes-will-support-the-canadian-economycmhc-head/282625 Updates to Canada's Mortgage Stress Test: New stress test level makes it harder to qualify for a mortgage in Canada: https://www.cbc.ca/news/business/stress-test-mortgage-real-estate-1.6046758 Mortgage stress tests and household financial resilience under monetary policy tightening: https://www.bankofcanada.ca/2024/11/staff-analytical-note-2024-25/ Prohibition on the Purchase of Residential Property by Non-Canadians Regulations: https://laws-lois.justice.gc.ca/eng/regulations/SOR-2022-250/page-1.html Majority of Canadians support ban on foreign real estate buyers: https://vancouver.citynews.ca/2025/04/24/canada-foreign-buyers-ban-supported/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice. ________________________________________
