Home prices rose in Q2 despite slower sales

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Phil Soper, president and CEO of Royal LePage, joins BNN Bloomberg to discuss real estate and home prices.
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Опубликовано:

10 июл 2024

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Комментарии : 33

@mrzombier 26 дней назад

Most people would move with 25 basis point reduction? Royal Lepage: Yes!! Reality: hell no!

@peej91 26 дней назад

Sounds like people looking to sell there houses at these overleveraged prices missed out. Good luck trying to find buyers for your 1 million dollar shack now. Buyers are smarter now. And the boomers who sold are living in punta Cana or retired in a condo in Costa rica

@jamesduncan915 26 дней назад

Last of the dumb money?

@onemoretime734 25 дней назад

isn't the dumb money the people that are renting when they could buy? This won't b e corrected, ever. Rents will continue to rise, they never go down

@jamesduncan915 25 дней назад

@@onemoretime734 when it is a rational market, renting can make mathematical sense. No risk concerning the house’s up keep. Money could be better investment in other opportunities. Every situation is different, need to do the Math.

@oleksandrshyiatyi6826 23 дня назад

@@onemoretime734 if government will not fix this, yes it will rise to a point that even canadian will move from Canada to USA or other English speaking countries. Don't forget that not only migrants or new comers without there own property but lot of oung Canadians aswell. Couple millions homeless citizens will force government to do something with housing market and landlords even if they close there eyes on this problem right now.....

@I.H931 24 дня назад

Seasonal increase. Highest listings since 2014. What happens when seasonal sales change?

@Vengeance8888 26 дней назад

The landlords are not going to sell

@Plumber60423 26 дней назад

I think when rates hit 3.5 it will make lots of landlords positive cash flow again

@donmckechnie4129 26 дней назад

I think many landlords will be forced to sell

@Plumber60423 26 дней назад

@@donmckechnie4129 Yes its very possible. But I think other landlords with deeper pockets would eventually buy them up. Wealth gap is just getting wider by the day

@erickanter 25 дней назад

@@Plumber60423 If the average house is 540k good luck.

@Plumber60423 25 дней назад

@@erickanter Houses are too expensive. I meant for condo’s like studios or 1 beds

@UKNOWMESCP 26 дней назад

Jesus christ .bnn bloomberg/comedy network.

@SeroSerereSeviSatus 26 дней назад

Bnn = Big Nonsense Network

@_netscapenavigator 26 дней назад

Yup the crash is coming 😂

@Vengeance8888 26 дней назад

Yep keep waiting

@UKNOWMESCP 26 дней назад

Its here....They just wont/cant say it yet. (post media)

@omark8344 26 дней назад

If all these high interest rate, government policies and capital gains taxes didn’t crash the prices I don’t think it will crash when they start lowering interest rate.

@Plumber60423 25 дней назад

@@omark8344 Let them think the crash is coming. More tenants = more money

@CanadianMaple-k7d 26 дней назад

Either not answering media questions or lying blatantly by people in certain positions has become a national pastime of late in our lovely 🇨🇦! 😂We Canadians won’t fall for these creative traps and set ups anymore! Loads of so called industry experts are big time clowns now! 👏🏽🙃

@agodelianshock9422 25 дней назад

Sales are slower because the prices are too high. Too many people, not enough stock. We're all holding off on buying even if we need to buy. Supply and demand is broken because of the synthetic demand immigration and investment realty is creating.

@marionovoa3846 26 дней назад

Nonsense

@Relaxlifeisshort2 26 дней назад

100% cut in July Watch i would wager on it. Wrong especially after the US

@alexg9727 26 дней назад

Nope. Spending has not been reduced and inflation is going up again

@FamilyCheung-kc1pw 25 дней назад

I do but believe Toronto will be higher than Vancouver , will see . You are always wrong estimate each year .

@corinayuen2487 26 дней назад

Buyers are going on strike!

@Joshua-zw7jl 26 дней назад

Seems like the correction is coming!

@oleksandrshyiatyi6826 23 дня назад

450sqf condo without parking for 700k sounds attractive.....😂 just kidding. It more sense to collect money buy a tent in Canadian tire and move to costa rica or any other tropical country. Only problem that with such rent prices + other cost of living and lvl of salary its imposible to save something. But condo less than 650 sqf and without parking definitely not for living and making family its shoes box (your own hostell room)😂