If you bought a condo in the downtown core for $500,000 on Dec 31, 2018 it would be worth $513,000 today! It’s hard to keep up especially if you are a first time buyer. It’s hard to save $13,000.00 in two months. What can you do? If you really want to get into the market, adjust your expectations if you have a limited budget. Once you are a homeowner it’s easier to size up in the future. The other thing you can do is petition your MP to have the stress test percentage reduced from 2%. If you would like more information on the stress test please contact me.