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An Abnormally Slow Spring Market + Is a Condo Sell Off Coming? Real Estate Roundtable May 2024

Book a meeting with John to discuss your personal real estate decisions: https://www.movesmartly.com/meetjohn 0:00 Intro 0:55 Vancouver + Toronto Market Update 11:30 Did a Delayed Rate Cut Cool the Market? 20:05 New Condo Sales Slump 35:30 Is a Condo Sell Off Coming? 48:17 Will Investors Make Housing More Volatile? It’s really springtime and we’re here with our May Toronto-Vancouver real estate roundtable with Urmi, Steve and John! In what should normally be the busiest real estate market of the year, John and Steve explain slow conditions in Toronto and Vancouver - with some nuanced trends. Demand for low-rise homes is low but listings are only rising from a historic low, so it’s a bit of a stalemate still peppered with some bidding wars. On the condo side, listings are climbing - and new condo sales are way down, is this the start of a longer condo market dip? Also: how much have delayed interest rate cuts and revised forecasts calling for rates to stay higher longer impacting the market? Contact Us Follow Steve on X-Twitter @SteveSaretsky; Email at: [email protected] Follow John on X-Twitter @JohnPasalis; Email at: [email protected] Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected] About This Roundtable Series Each month, Move Smartly.com editor, Urmi Desai, talks to John Pasalis, Housing Analyst, Broker and President of Realosophy Realty in Toronto, and Steve Saretsky, Housing Analyst and Realtor at the Oakwin Realty Group at Oakwin Realty in Vancouver about the latest data and on-the-ground insights in Canada's biggest residential RE markets. (Thanks to Jesse Bains, now at Linked In News, for kicking off this series at Yahoo Finance originally!) About This Show The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada. You can also listen to this episode on our Move Smartly podcast channel here: https://podcasts.apple.com/ca/podcast... If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support!