Despite general economic uncertainty, there’s reason to be optimistic about Canada’s housing market. Tracy Gomes, Senior Vice President of Real Estate Secured Lending at Scotiabank and Scotiabank Chief Economist, Jean-François Perrault join us to give the lay of the land ahead of what is shaping up to be a strong spring real estate season.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
Key moments this episode:
1:22 – JF and Tracy give us a quick summary of the current real estate market
2:20 – Breaking down the new buyer-friendly regulations that recently came into effect
6:37 – Why things are looking optimistic for the spring real estate market
9:13 – Do changes in immigration policy have any effect on housing demand?
10:10 – Tracy tells us what the sentiment is from folks on the ground in the housing market
11:22 – Why developers aren’t necessarily optimistic right now
12:36 – Will prices be increasing this fall?
13:50 – Where Canada is at in terms of construction of new housing (including condos)
15:29 – The number one question on mortgage clients’ minds right now
18:45 – Why tariff uncertainty could be both good and bad news for mortgage holders and would-be buyers
21:00 – What should people who are looking to buy a house this spring be asking themselves?
