Home Prices Have Fallen. So Why Aren't Buyers Coming Back? | Real Estate Roundtable

This month on the Real Estate Roundtable, I'm joined by Vancouver realtor Steve Saretsky and Toronto mortgage broker David Larock to unpack the latest trends shaping Canada's housing market and economy. We start with a key question: if home prices have fallen significantly from their peak, why do sales remain so weak? While many economists argue that housing has become much more affordable, higher mortgage rates mean the monthly cost of owning hasn't fallen nearly as much as prices suggest. We discuss whether affordability has really improved enough to bring buyers back. We also look at why long-term interest rates are rising around the world, what that could mean for Canadian mortgage rates, and how the ongoing trade war and economic uncertainty could impact Canada's housing market in the months ahead.