"I was happy to hear that it held," said Charlotte Leitch, an Arnprior-based broker with RE/MAX Absolute Realty.Following two consecutive interest rate increases in June and July, Leitch says qualifying for a mortgage has been a struggle for buyers, especially since the government introduced stress-test rules, requiring buyers to qualify at two percent above the rate.
"To hear that they're held at least seems to kind of feel like a breath of fresh air, but it's certainly not a decrease." Newfoundland and Labrador Premier Andrew Furey said, "Let's take a breather and take some time and see if these measures really had the impact that presumably they were designed to achieve."
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