Finance committee  Outside of the GTA, it has had an impact for sure. First-time home buyers are finding it harder to qualify because of that stress testing on there, so they're not getting into the market. They have to go back and get a larger deposit to put down to buy, so they're not getting int

Finance committee  I wouldn't say that it's proving the income because they have good jobs—both spouses or both partners have good jobs—and they have some down payment. It's having enough down payment and meeting the stress test for financing.

Finance committee  I would say that it's across the board.

Finance committee  Thank you. Good afternoon, everyone. My name is Karen Cox and I'm the president of the Ontario Real Estate Association. With me today is Matthew Thornton, vice-president of communications and public affairs at OREA. It is a pleasure to be here today to discuss Bill C-97, an act