Interesting analysis from Daniel Foch posted in R.E.M. November 18th showing more signs of a weakening market - https://realestatemagazine.ca/canadians-feeling-the-strain-as-weak-sales-persist/

Another report by Global News posted on MSN illustrates that the government is recognizing the stress on mortgagors as their terms come up for renewal.  Although these measures, combined with rates likely peaking, doesn't cause buyer's to act from my experience.  People tend to act when they have to act - ie. when rates bottom out.  When rates are on the decline the majority sit on the sideline watching & waiting while costs & pricing diminish.  Hence I don't see a significant increase in demand in the near future.  Check out the link to the Global News report here - https://www.msn.com/en-ca/money/other/ottawa-loosens-mortgage-stress-test-in-housing-focused-fall-fiscal-update/ar-AA1kjpUW?ocid=NL_ENCA_A1_00010101_1_1