Move Smartly: The Podcast

← Move Smartly: The Podcast9 oct. · 52 min

Home Prices Aren't Bouncing Back This Fall. Here's Why.

Home Prices Aren't Bouncing Back This Fall. Here's Why.9 oct.52 min

Steve Saretsky and David Larock join this month's roundtable on the housing markets in Toronto and Vancouver.

The fall market stalled in September, and the panel explains why a big rebound looks unlikely before year end.

Rates are also moving the wrong way for buyers. Even with the Bank of Canada on hold, fixed mortgage rates are rising. David explains what's driving that and what it means for borrowers.

Finally, will Canada let foreign buyers back in? With the federal ban set to expire, Ottawa is considering allowing foreigners to buy new homes. The panel debates whether that would help clear unsold condos or bring back the speculation that created the glut.