The Challenges of Qualifying for Mortgages in a Buyer's Market

This chapter discusses the difficulties faced by realtors in a buyer's market and the impact of the stress test on mortgage applications. It highlights how high debt ratios can result in loan denial and how side gigs may not be considered as income for mortgage applications. It also addresses the rising number of power sales and foreclosures in Canada due to mismanagement of construction projects and increasing construction costs.