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Here's an effect of the 15-month policy removal that I haven't seen a single person mention.
Think about what the rule forced people to do. Sell your condo. Wait fifteen months. Where do you live in between? You rent.
That policy was manufacturing rental demand. A steady stream of well-funded tenants with no choice but to lease for over a year. Analysts at the time named it as one of the drivers of the 2022 rent spike, when private rents jumped almost thirty percent — the biggest rise since 2007.
That stream just switched off. Those people now sell and move straight into a flat. Zero rental period.
It's not enormous in absolute terms, but it's immediate, and it lands on family-sized units specifically — exactly what those downgraders were renting.
Landlords with renewals coming up: price with that in mind. Tenants have more room than last week.