About this episode

The episode discusses the implications of a potential recession on Canada's housing market with insights from real estate professionals.

Canada's economy is showing increasing signs of strain, with weakening economic data pointing toward a technical recession—and this month's Real Estate Roundtable unpacks what that could mean for the housing market in the months and years ahead. Joining me are Vancouver realtor Steve Saretsky and Toronto mortgage broker David Larock as we discuss how slowing economic growth, rising unemployment, and softer consumer confidence are impacting housing activity across the country. We also break down the latest outlook for interest rates and whether weaker economic conditions could push the Bank of Canada toward additional rate cuts. What do falling bond yields and softer inflation data mean for mortgage rates, buyers, and homeowners renewing over the next year? Finally, we discuss the longer-term outlook for Canadian real estate—and why the next phase of the market may not look like the rapid rebounds Canadians have become accustomed to. Instead of another quick surge higher, are we entering a period of years-long flat home prices as incomes slowly catch up to housing costs? All that and more in this month's housing market roundtable covering Toronto, Vancouver, and the broader…

People in this episode

Host: Move Smartly

Guests: Steve Saretsky, David Larock

Topics covered

• Canada's housing market
• economic recession
• interest rates
• real estate outlook
• mortgage rates
• consumer confidence

Keywords

• Canada housing market
• economic recession
• interest rates
• mortgage rates
• real estate roundtable

Mentioned in this episode

Organizations: Bank of Canada

Places: Canada, Vancouver, Toronto

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