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The Bull vs Bear Game + Trudeau Says Housing Not a Primary Responsibility – Roundtable - August 2023

It's time for our monthly roundtable! As usual, Urmi (who is recording on vacation from New York City, apologies for the sound quality) talks to Steve in Vancouver and John in Toronto. This month we discuss the latest trends in both housing markets and some early signs of investors beginning to sell investments to deleverage. Justin Trudeau announced this month that housing is not a primary responsibility of the federal government — what does that mean for Canadians facing higher housing costs? And we wrap up this month’s roundtable with a Bull vs Bear debate on the outlook for Canadian Real Estate. 0:00 Intro 00:51 Toronto Market Update 06:52 Vancouver Market Update 09:14 Trudeau Says Housing is Not a Primary Federal Responsibility 20:11 Questioning Housing Demand Stoked by Immigration is Finally Not Xenophobic 23:22 Trudeau Shuffles His Cabinet and Ministers of Housing and Immigration 37:36 We Need to Talk about Education Sector Impacts on Housing Next Time 38:34 John and Steve Play a Round of Canadian Real Estate - Bullish or Bearish? 54:09 Conspiracy Alert: Several GTA New Build Sites Catch Fire 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... 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