Brokers and real estate sales representatives represent the proverbial boots on the ground working with supply and demand in the real estate market. They handle inquiries and feedback on the process, product, and experience buying and selling intentions directly through transactions. A recent survey we conducted in 2018 c oncluded with 73 per cent of respondents declaring that affordability remains top of mind which also reflected the findings of Royal LePage survey released in the same year found that 63 per cent of baby boomers view their market as unaffordable The annual average sale price reported by the Toronto Real Estate Board (TREB) Multiple Listings Service (MLS) increased each consecutive year over a twenty-one-year period spanning from 1996 through to 2017. Over these years Canada has experienced increased immigration, decreasing property inventory, and historically low interest rates. By January 1, 2018, the stress test implemented by the Canadian federal governmen
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