Start of Listing Surge? + Canada’s Pop Growth — Toronto & Vancouver Real Estate Roundtable July 2023

It's time for our July monthly roundtable — once again, Urmi talks to Steve in Vancouver and John in Toronto!

This month, the weather is hot, but the market is cooling and the first uptick in listings is finally showing up in the data - is this the start of the great listings surge that’s been long anticipated as high interest rates continue to hit market? Also, the federal government welcomes in newcomers at a record pace, resulting in a new population high - even though all levels of government struggle to magic up more housing supply. Plus, why aren’t the majority of Canadians more worried about our housing crisis? and more.

0:00 Intro
01:32 Toronto Market Update
04:35 Vancouver Market Update
07:34 Is This the Start of *That* Listing Surge?
13:26 Housing is Now a Leading Contributor to Inflation in Canada
17:00 Canada Hits a New Population High While We’re in the Midst of a Housing Crisis
34:12 Why Most Canadians Probably Don’t Really Feel There is a Housing Crisis at All
35:55 How Renters Are Bearing the Brunt of Canada’s Housing Crisis
49:12 Will the Election of Olivia Chow as the New Mayor of Toronto Impact the Housing Crisis?

About This Series

Each month, Move Smartly.com editor, Urmi Desai, talks to Steve Saretsky (@saretsky ) Housing Analyst & Realtor at Oakwin Realty in Vancouver and John Pasalis (@MoveSmartly ) Housing Analyst, Broker and President, Realosophy Realty in Toronto about the latest data and on-the-ground insights in Canada's biggest residential RE markets.

You can listen to this episode on our MoveSmartly Podcast channel: https://podcasts.apple.com/ca/podcast/move-smartly-the-podcast/id1443689534?i=1000620755520

Feedback or Questions? Connect with us on Twitter:
@MoveSmartly
@JohnPasalis
@SteveSaretsky
Reach out to the show over email at [email protected]
MoveSmartly.com is powered by Realosophy Realty in Toronto: https://www.movesmartly.com/about


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/real-estate-in-canada-heloc-payments-are-surging-for-some-homeowners-warns-broker