text: Conventional mortgages with 25 year am is subject to stress test at the higher of 2% or the benchmark rate.  The 35 year am is a loophole but that only brings their maximum credit back to before the B20 change.  Another loophole are credit unions or unregulated capital but that is currently countered by tighter appraisal values.  Conclusion:  Without significant increases to wages, there's limited upside to real estate prices because the mortgages are simply not there anymore.