Will Condo Prices Fall as Listings Hit Record High? + Impact of First Interest Rate Cut — Toronto & Vancouver Real Estate Roundtable June 2024

It's the first summer episode for the Toronto-Vancouver real estate roundtable time with Urmi, Steve and John!  The weather may be jumping up, but the real estate markets remain sluggish - John and Steve take us through the latest stats and explain what is happening in the condo sector as listings hit a record high. Also: the first interest rate cut has finally dropped - how will it affect the market? Plus, Canadian PM Justin Trudeau admits that no one really wants home prices to fall — so how exactly is the government going to restore housing affordability for current and next generations?  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 watch this episode on our MoveSmartly YouTube channel here: https://www.youtube.com/movesmartly 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!