TLDR: Despite expected rate cuts by the Bank of Canada, housing remains unaffordable for many Canadians due to high home prices, weak spending power, and rising demand from immigration. Mortgage rates are easing, but not enough to offset these challenges. Experts predict it could take a decade for affordability to return. Even in major markets like Toronto and Vancouver, prices remain too high for many buyers. Recent government measures to extend mortgage amortizations aim to help, but critics fear they may actually increase demand and drive prices up further.
Hicalibre on
When, instead, of trying to combat house prices you instead let us take out larger, longer, loans with smaller down-payments….what do you expect?
Creativator on
Stop watching prices, start watching the supply chain. What’s in the pipeline in terms of new housing? How is it evolving?
Far_Rabbit_7093 on
have to be smooth brained to invest all your money in Canada, SP500 will outperform Canadian RE by 10x between 2025-2030. Its literally in the numbers, Chinese money is gone.
4 Comments
TLDR: Despite expected rate cuts by the Bank of Canada, housing remains unaffordable for many Canadians due to high home prices, weak spending power, and rising demand from immigration. Mortgage rates are easing, but not enough to offset these challenges. Experts predict it could take a decade for affordability to return. Even in major markets like Toronto and Vancouver, prices remain too high for many buyers. Recent government measures to extend mortgage amortizations aim to help, but critics fear they may actually increase demand and drive prices up further.
When, instead, of trying to combat house prices you instead let us take out larger, longer, loans with smaller down-payments….what do you expect?
Stop watching prices, start watching the supply chain. What’s in the pipeline in terms of new housing? How is it evolving?
have to be smooth brained to invest all your money in Canada, SP500 will outperform Canadian RE by 10x between 2025-2030. Its literally in the numbers, Chinese money is gone.