Will Rate Cut Spur Flat Market? + Global Housing Blues — Toronto & Vancouver Roundtable Sept 2024

School’s back in session and so are we - it’s time for our September Roundtable with Urmi, John and Steve!

John and Steve take us through the latest stats and explain flat market conditions in Toronto & Vancouver and how falling interest rates and a softening economy will impact markets. We also discuss softening rental markets across Canada as the drop in foreign students is felt and revisit why demand has been the overlooked factor in our housing crisis. Also: What is the underlying factor driving the global housing affordability crisis?

00:00 - Intro
00:30 - Vancouver Market Update
03:05 - Toronto Market Update
04:46 - Flat Market Conditions
14:00 - Impact of Bank of Canada Rate Cut?
16:05 - Low Rise vs Condo Segments
22:12 - What is Causing Global Housing Crisis?
29:28 - Rentals Sit Empty in Post-Secondary School Markets
38:22 - Pierre Poilievre Now Says Immigration is Driving Housing Crisis
47:59 - Upcoming Bull vs Bear Housing Debate

Contact Us

Follow Steve on X-Twitter @SteveSaretsky; Email at: [email protected]

Follow John on X-Twitter @JohnPasalis; Email at: [email protected]

Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected]

About This Roundtable Series

Each month, Move Smartly.com editor, Urmi Desai, talks to John Pasalis, Housing Analyst, Broker and President of Realosophy Realty in Toronto, and Steve Saretsky, Housing Analyst and Realtor at the Oakwin Realty Group at Oakwin Realty in Vancouver about the latest data and on-the-ground insights in Canada's biggest residential RE markets. (Thanks to Jesse Bains, now at Linked In News, for kicking off this series at Yahoo Finance originally!)

About This Show

The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.
You can also listen to this episode on our MoveSmartly podcast here (new episodes drop Tuesdays): https://link.chtbl.com/movesmartly

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