Rate cuts will boost home sales, not housing starts: economist

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Marc Desormeaux, principal economist at Desjardins, joins BNN Bloomberg to share his outlook on housing.
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Опубликовано:

3 окт 2024

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Комментарии : 39

@funkspinna 4 месяца назад

Hey, but let's increase demand by allowing record levels of immigration in decades. LOL.

@parkerbohnn 3 месяца назад

@ewaste8318 The ones with money are leaving and the ones with no money are coming to Canada. It will only affect rents but if you can put 20 or 30 renters into a house it will affect the home price.

@nairnbaker7385 4 месяца назад

The new comers will take the old stock Canadians homes. Remember you voted for this.

@aujlamoney 4 месяца назад

Construction costs up 60 % house prices 100 % in the last few years 😑 😒

@elijahrobertscinema6351 4 месяца назад

Wages have raised ? Thats news to me.... and every other construction worker

@APICSKH 3 месяца назад

😂me too

@Barr894 4 месяца назад

Mortgage rates are determined by yield in the bond market, not by B of C rate cuts. Short term rates, controlled by the B of C rate cuts, will drop, making it easier to pay car loans. In the long term mortgage rates will actually go up as inflation rises by the debt created by the B of C rate cuts, as bond yields rise.

@parkerbohnn 3 месяца назад

Where I live they only know rate cuts lead to prices doubling every 3 to 5 years.

@DiggyT 4 месяца назад

Funny how building costs weren't high from the 1800s up until 2010.

@dougiep2769 3 месяца назад

I dout it.. mightt stop a few forxlosures

@parkerbohnn 3 месяца назад

Where I live in Ontario will lead to absolute zero listings after the middle of June. Guaranteed double digit price gains huge bidding wars and bully bids. Markham and Stouffville will see double digit price gains this year and only a few scant listings that will go in huge overbids or in one bully bid.

@romeoandjuliet6522 3 месяца назад

Ppl got no money to eat how they buy house

@theoffspring07 4 месяца назад

We will get a glut of housing inventory this year once the sellers who are waiting for rate cuts list their properties.

@tudvalstone 4 месяца назад

Are they moving on the street or perhaps buying/renting something else?

@brennanhandy7770 3 месяца назад

@@tudvalstonespeculators and landlords have been losing money on property. Probably those people

@parkerbohnn 3 месяца назад

Where I live listings will drop to less than the fingers on both your hands in a city of about 370,000.

@Lisa-vk2jw 4 месяца назад

Only reasonable rates will get building going again. You don’t need an economics degree to understand this😂

@foxtrotbravo1744 4 месяца назад

Well, the current PM has a drama degree and the finance minister a degree in Russian literature. The last guy, when housing was still within reach had a degree in economics. Just sayin'

@APICSKH 3 месяца назад

@@foxtrotbravo1744But drama teacher still blames the economist for current problems a decade later.

@APICSKH 3 месяца назад

When these clowns say labour shortages, I automatically add one word before CHEAP/FREE