Interest rates, stress test and Milton’s real estate

23 Nov Interest rates, stress test and Milton’s real estate

Transcript:

Increasing interest rates means higher stress test rates, which has led to fewer buyers getting qualified and in-turn to a lower number of sales. On the other side of the conin, homeowners coming up for their mortgage renewals are facing higher monthly payments, leading to some of them considering selling their homes, hence increasing the number of listings.