Looking ahead: Canada’s Housing Market in 2024 and Beyond
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- Опубліковано 21 тра 2024
- Join us for an enlightening conversation with Bob Dugan, CMHC's Chief Economist, as we explore the future of Canada's housing market. In this episode, Bob shares his expert insights on the 2024 Housing Market Outlook, discussing trends, challenges, and opportunities within the Canadian real estate sector.
Whether you're a homeowner, investor, or simply interested in the economic forces shaping our lives, this podcast offers valuable perspectives on what's next for Canada's housing market.
Don't miss this opportunity to get ahead of the curve.
Watch now and subscribe for more insights!
Cmhc is one of the biggest reasons Canadian housing is so out of wack and is out of control! Thank you for all you don't do for Canadians and hosujg for all.
How about pushing the provinces and regions to free up lands and lower DP fees and other taxes to chop land prices for all and communities to aquire, allow Canadians who want to move semi rural to rural to be able to witha affordable lands, and let the building to go and move forward.
Is CMHC doing something to stop fraudulent mortgages in housing sector? why is nobody doing anything about it from so long? vested interests??
There’s no incentive. If the launderers are still paying the bills there’s nothing for police to go after
cmhc is the fraud
They can go after how they had the down payment for the houses.
They’re inventive is their reputation if they want to be taken seriously on the global stage of policing, which is pathetic on a global scale at the moment.
The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
@@hasede-lg9hj Please pardon me, who guides you on the process of it all?
I won't pretend to know everything, though. Her name is Amber Angelyn O'malley but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Amber profile appears to be fairly knowledgeable, therefore I must say that I value the advice. After locating her online, I thoroughly read through her resume, educational background, and qualifications, and I must say that they were quite impressive. We have set up a meeting after she replied to my message.
inflation 2.8% LOL
You have made house buying difficult for working coass people and made it easy for speculators who just shunt money from abroad and buy it cash in bulk
Affordable that means you also need to calculate few different situations of samples of people who want to own a home in Toronto, how much money they should be earn from the Job market and is that they have the enough source from Job market for keep the income for their debt of home.
It is vacantly to talk about affordable….
Financial Institution please be advise the market is not the problem. Amortizations why do we need them. USA mortgages are 30 yr low interest and make ownership possible. In Canada u had 40 yr mortgages in 2008. This is a quick fix here. It is not supply it is the rates and the duration of time to pay the mortgage off. We are seeing the light. Bank of Canada needs to change the financial rules on Mortgages period.
If prices for homes keep going up then inflation will stay up as well. Canada thinks they’re immune to bubbles popping. The housing bubbles gotta pop sooner or later.
There is no free money!. Every dollar borrowed over the REAL price of a 20-30 year old house (which is not 800K, close to 300K adjusted for inflation) reduces the value of all of the other dollars already in circulation and bank accounts. Every time a new mortgage is drafted under the current conditions the bubble grows bigger and the correction will be more severe. The "Official" economists have all been wrong and all the "Fringe" economists have been correct. Where are teh signs that the economy will improve??? productivity and birth rates are at an all time low, Immigration is slowing down due to affordability, The Bank of Canada WILL NOT lower Intrest Rates, instead it will raise them. The Rate depends on the severity of the correction as the houses officially need to go down to 50% of their current prices. In the late 1980's the rate reached 18%. It depends on how much BAD MONEY there is in the system. I doubt it would be enough to cover the current bubble as Canada is at 1.85 Net Debt to GDP ratio and over 2.5 Gross Debt to GDP Ratio. It is a mistake to think this market can perpetuate itself. As it literally means that you would need 2 Canadas to pay off the housing in one Canada. Irresponsible Banks are to blame. THey won't give you a loan for a 300,000 Ferrari unless you make really good money. but a 1,000,000 house (which ten years ago was the same price as the ferrari, and has not been updated or upgraded in anyway) is A OK only when the prices keep going up.
Mass deflation. Wont stop till its well past what wages can support. Then it bounces. 75% in arizona in 08 was lost.
Inflation numbers are so cooked interst should be over ten currently. It all ran on trust. Bankers and fov have lost it
Hell you even had major Banks promoting $3,000. to $4,000. dollar cash back for taking a mortgage with them. I believe in 1998 in and around that time. I asked the Bank for 1 percent drop on the prime rate at that time with BMO and we got 1/4 percent off the mortgage. Which worked out to $6,000. all in off the mortgage. Canada has a problem and it is not the house builders it is the financial institutions. Give all Canadians a bigger break here. It is not like no one is making money off this to change the rules for the good of all. Buliders, 1st time buyers and the downsizing of elder folks is a win win for everyone.
"Double the pace of housing starts" or decrease the demand. Immigration. People are choosing to rent due to affordibility and regulations.
Very informative and clear to understand official objectives at interest rates and housing price regulations, pace of the gap bridge recovery up to 2030 😊
All three level of govenments working hard to keep the home prices inflated to help the real estate industry and the financial institutions. when a individual realize the capital gain they should pay the entity that help you to get the profit. In order to attract more trade people to build home , the real estate licence should be given only to people who worked in the trade job for more than 10 years or disable at work. War veteran also should be included.
Why are people talking like the housing market being where it’s at is broken and to get back to the record highs of 2022 is the healing?
We need to heal by going back to 2014 prices and having strict regulations on lending and curbing speculation growth. That’s healing.
I’d love to see the RE investments from CMHC employees.
The elites need to reevaluate how they view the economy functioning. It’s too linear in a quantum reality.
I used to think cmhc wasn't a bad thing but lately, not so much considering the spectacular deterioration of housing affordability under your watch. Congratulations on your bonuses for poor work of trying to slam the barn door shut long after the horse has bolted out of sight.
Great, so 25-40% rent increases annually, increases in house prices 5-10% annually... sounds like a plan
Professional jokers
Best and most accurate comment 😅
I'd rather see the interest rates jacked up by 10% and burst the bubble on the mortgages and debt holders who are screwing everyone else.
Keep voting the same way. And the problems will fix themselves Trudeau.
Biden.
crime will sky rocket so high lmao good luck
This dude DOES NOT know what he is talking about! He is outright wrong!!! He does not understand economics!
Neighborhoods and condos are sitting empty. Who are the owners? Chinese entrepreneurs , arab millionaires. They are pumping money in, and the govt agencies are getting better and posher offices, perkier salaries and delicious bonuses 😄 🎂
Why is he always repeating “you know “ that’s like childish way of talking !!!
It’s not a supply issue. It’s a hogging of supply by investors