According to a press release from Business Examiner, "[t]he Canadian real estate industry is still performing well."
According to Maclean's, "tighter lending rules will send borrowers into the ‘alternative lenders,’ posing a whole new set of hazards."
In the earlier October, "the Office of the Superintendent of Financial Institutions, the country’s banking regulator, introduced a new stress-test for banks to apply to borrowers." The change will have an impact the real estate market. The borrowers, who cannot "qualify for a mortgage at a traditional bank might try to get one from an alternative lender, such as Home Capital Group or Equitable Bank."