Vancouver & Toronto Real Estate Market Update May 2024
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Inventory is finally coming to the market providing buyers more options, particularly for condos. More investors are hitting the sell button as cash flows deteriorate due to rising mortgage rates and rent controls. Mortgage rates are holding steady, with all eyes on the Bank of Canada next month. Timestamps: 0:00 Intro 0:55 Vancouver + Toronto Market Update 11:30 Did a Delayed Rate Cut Cool the Market? 20:05 New Condo Sales Slump 35:30 Is a Condo Sell Off Coming? 48:17 Will Investors Make Housing More Volatile? Subscribe To My Channel For More Videos Like This One: https://www.youtube.com/@saretsky?sub... Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 #TheLoonieHour #Macroeconomics #PersonalFinanceCanada
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