The Start of (Another) Bull Run in Toronto & Vancouver Housing? + Your Questions — May Roundtable

Here it is — our May real estate roundtable! As usual, Urmi talks to John and Steve about all things residential real estate in Toronto and Vancouver, Canada, and beyond.

In a move that has aged as badly as to be expected, Urmi wore her Leafs shirt after Series 1, and talked briefly about irrational hockey fans before moving the discussion onto the seemingly irrational housing markets that are Toronto and Vancouver — are we really starting to see the start of a bull run amidst high interest rates?

Plus John and Steve take extra time to respond to your many great audience questions!

00:00 Intro
01:30 Is the Vancouver Market on a Bull Run?
03:30 And in Toronto?
05:08 How This Boom is Different Than the Post-Covid Boom
08:53 Why Are We Seeing This Demand Boom?
20:04 The Different Between Toronto and Vancouver Pre-Sale Markets
21:05 Are Government and Bank Actions Keeping Listings Down?
31:35 Could Any Other Factor Like Distressed Investors Impact Listing Supply?
38:49 With High Prices and High Rates, What’s Your Advice for First-Time Buyers?
46:05 Why Are Condos Prices Lagging Behind The Boom in House Prices?
48:50 Are Detached Single Family Homes Now a Luxury Product?
50:42 How Long Can Buyers Remain in These Super-Expensive Markets At All?

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=1000612312487

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/where-to-buy/dont-buy-flats-in-resale-before-watching-this-realestateinvestment