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B-20 Stress Test Needs Revision to Improve Housing Affordability
The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of home-ownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing power of families ...
Continue ReadingHousing Market Adjusts to Mortgage Stress Test
BCREA 2019 First Quarter Housing Forecast Update The British Columbia Real Estate Association (BCREA) released its 2019 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to increase 2 per cent to 80,000 units this year, after recording 78,345 residential sales in 2018. MLS® ...
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