Listings Rise, Will Condo Prices Fall? + First Rate Cut — Toronto & Vancouver Markets - June 2024

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0:00 Intro
1:00 Vancouver + Toronto Market Update - Are Rising Condo Listings Leading to Price Falls?
16:08 Will Bank of Canada's First Rate Cut Spur Market?
19:24 Where Will the Market Go Over the Next 6 to 12 Months
27:45 Trudeau Says Home Prices Need to Remain Strong While CMHC Says Declines of Up to 40%+ Needed to Restore Affordability
40:55 How is Canada's Supply Strategy Going So Far?

It’s the first summer episode for the Toronto-Vancouver real estate roundtable time with Urmi, Steve and John!

The weather may be jumping up, but the real estate markets remain sluggish - John and Steve take us through the latest stats and explain what is happening in the condo sector as listings hit a record high. Also: the first interest rate cut has finally dropped - how will it affect the market? Plus, Canadian PM Justin Trudeau admits that no one really wants home prices to fall — so how exactly is the government going to restore housing affordability for current and next generations?

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 Move Smartly podcast channel here: https://podcasts.apple.com/ca/podcast...

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