TLDR Is the Housing Market Really Tanking?
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Jun 11, 2025 The housing market is colder than anticipated, with rising inventory and declining buyer interest leading to falling home prices. A mortgage expert shares insights into these surprising shifts and what the future may hold. The discussion also takes a playful turn as hosts dissect the film 'Mountainhead,' exploring themes of power and detachment among tech elites. Personal finance strategies spark lively debates, tackling everything from car loans to the nuances of joint versus separate accounts in relationships.
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Canadian Housing Market Cooldown
- The Canadian housing market currently has high inventory and low buyer interest, causing prices to fall about 4% nationally.
- Bidding wars are rare except in very desirable neighborhoods, reflecting diminished demand.
Buyers' Shifting Fears
- A year ago, buyers were driven mostly by interest rate hikes up to 5%, creating rate sensitivity.
- Today, buyers hesitate more due to tariff fears and uncertainties beyond just rates.
Housing Market Downside Risks
- Worst-case risks to the housing market include recession leading to mortgage defaults and stagflation forcing the Bank of Canada to hike rates despite economic slumps.
- These scenarios pose institutional risks to banks and worsen affordability.