|Toronto Harbourfront Condos For Sale|
According to the Canadian Real Estate Association (CREA) the federal government new changes to mortgage lending rules are sure to bring uncertainty into the Toronto Real Estate Market.
New stress test for Home borrowers could deter first-time Home buyers according to CREA that represents 100,00 Real Estate Brokers across Canada.
Changes to the regulations will bring uncertainty both for sellers and buyers.
First-time Home buyers support other Homes changing hands as move-up Home buyers look for bigger and larger Homes and Condos.
According to Real Estate brokers the new rules are likely to cause Home and Condo sales to fall rather than help in an increase of Home sales in the very near future.
Iris Li is a Toronto Condos Realtor specializing in Toronto Downtown Condos.
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