Stress Test Creating Pent-up Demand

The below news from the British Columbia Real Estate Association  (BCREA) was just released. Accordingly, BCREA says the B20 Mortgage Stress Test is responsible for buyers not proceeding with a purchase, do you agree or is it that home prices are just to high? Prices overall have only declined by an average of 5.4%. The market is not favoring sellers right now however “pent-up demand”, if/once released may provide some short-term relief.

https://colleenshorter.wordpress.com/2019/04/15/stress-test-creating-pent-up-demand/