The current situation with interest rates, exacerbated by the stress test, has become a significant barrier, especially for first-time homebuyers and anyone looking to build a new home. What we're calling for are policies that would help lessen the impact that current interest rates are having.
The stress test was a policy implemented when interest rates were at an all-time low. They are now becoming a significant barrier for those who are looking at moving into a new home. That impacts the continuum of housing, moving from a rental to home ownership to a new home.