
VREP #327 | Is Canadian Real Estate in a Mortgage Crisis? With Dustan Woodhouse
Vancouver Real Estate Podcast
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The Rental Market Is Extremely Tough
Interest rates doubled over the past, you know, three months. Some might say that's a good thing, and i may even agree with them,. But it's doing nothing for the fear, right? Like thethe reality checks just urt there. The rental market is exceedingly tough. And the rental market's not going to get easier. Because the january first 20 18 introduction of the stress test took about 35 % of the purchasing power away from canadians. It handcuffed a lot of canadians by about 35 % as far total financing. People, again, they just stop right thereand and react non ote.
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