Housing market stabilizing amid fewer sales: Canadian Real Estate Association
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- čas přidán 14. 05. 2024
- The Canadian Real Estate Association (CREA) says the country's housing market is in its most balanced position for years as inventory approaches more stable levels.
This comes as experts prepare for changes in the final six months of the year, with expectations the Bank of Canada could cut the interest rate.
Global’s Kyle Benning has the details.
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When a house is 10-20 times your salary, how is that stable? Tf
lol stabilizing
No one can afford homes. Except 2nd, 3rd, or 4th time buyers and investors who already have homes.
Exactly so become the first time entry buyer by starting with a studio or one bed with a min down payment if needed to get in to ownership
@@micrasystems I already have a house - bought 14 years ago when it was affordable. Studio is too small, and I have dependents.
@@rupertperiwinkle4477 great so become a 2nd time buyer with your existing home equity.
Prices didn't drop down, i doubt they would. Why would they))
More supply than demand.
Yes, why would the prices drop at this stage? They are still paying a pandemic era super low interest rate. But wait for the renewals that are coming in 2025.
@@bobwoods1302well there’s not more supply then demand. Not even close
@@jumbome7420 Bingo. There will never be enough supply when 400k people arrived just in Q1 2024. Record breaking since 1957
@@jumbome7420 By ramping up immigration the liberals can continually stimulate the demand side while pretending to care about it
My house in Summerside has been on market forever, fact is no East Indians or Asians buy houses, it's apartments to hiuse 3 or 4 families in them..BRUTAL
If they all had their own homes wouldn't that drives prices up farther?
@bobwoods1302 supply and demand, no demand so it's sitting, like I said 3 and 4 families in an apartment until their 2 yrs are up then they head west.
Stop interviewing only CREA. Get a boots on the ground realtor on your newscast. Shawn will always and forever pump up the market.
Let’s see how stable the housing market will be if a reasonable cap on migrants flowing into this country was implemented. The shortage of inventory in desired markets would suddenly shift, the true evaluation of our economy would be accurately portrayed. I suspect within a few years this will need to happen or many will choose to leave Canada and look for opportunities in other emerging countries.
The biggest housing bubble in history 😂😂😂😂
Putting Canada back in the map! /s
People with disabilities and working class people still can’t afford housing. Who’s that Chinese dude who our cats keep meowing about again?
Reality: There are far too many people chasing far too few homes.
That is what causes price inflation of houses. Tinkering changes nothing.
If you have a down payment for a house in Canada just leave. Buy a house cash over seas and live off of the savings in investments
use condollo to buy real estate lol
"stabilizing"?!!!
WTH does that mean???
Can I still make money off suckers or what?!
😂😂
Stable...
"Freedom of thought, religious belief, expression and association"
Real Estate Association...
Stabilizing...
Stable...
Sure, stable is a word for now only Toronto's middle class and up can buy these way over valued piles of sticks and lies.
Class is unconstitutional anyway, equal neighbor.
Congrats on building homes in Canada 🇨🇦
People now know that things are going to get better in the future. Maybe not soon, but people are willing to wait.
😂
It doesn't matter what party will govern Canada, Chinese 🇨🇳 interference and affordable housing are big issues to tackle.
Liberal propaganda
More like Conservative propaganda.
See, housing is a local thing, which makes the next tier to be colluded from, provincial.
The No Homer's Club has few roots in the feds, little need.