Stress test that came into effect this year for home buyers with more than a 20 percent downpayment is continuing to suppress sales activity, says CREA president Barb Sukkau. Extent to which it is sidelining home buyers varies among housing markets and price ranges. In May were down 0.1 percent from April, with approximately half of all local housing markets reporting fewer sales month over month, led by the Okanagan region, Chilliwack and the Fraser Valley, as well as the Durham region of the Greater Toronto Area (GTA) and Quebec City..
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