Downturn in Canadian home sales expected to last for years

Downturn in Canadian home sales expected to last for years 1

 

Tom Storey of Royal LePage explains how the housing market has changed since COVID-19 and why condos sales will be affected most.

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30 Comments on "Downturn in Canadian home sales expected to last for years"

  1. those stats shown were handpicked to support their narritive. GVA home sales down as they showed but thats a volume number. GVA april 2020 home sale prices were still 2.5% above april 2019.

    • Takes a while to trickle down. If ya buy a place in April chances are you wanted to buy for months/years before you pulled the trigger. Also, 2.5% is around the annual inflation rate so maybe a real 1% increase above true inflation?

  2. Diver - SS | May 8, 2020 at 4:06 PM | Reply

    It will take longer than that under this Liberal government..Chase away the investment..High unemployment..Massive debt.. Crashing home sales
    Another day hiding at the Cottage for our Liberal PM

  3. omnimacrox | May 8, 2020 at 4:11 PM | Reply

    He has the look in his eyes like “I’m not wearing pants and you don’t know that.”

  4. Gerald Talsma | May 8, 2020 at 4:32 PM | Reply

    Don’t worry the liberals are looking after that lmao wake up Canada

  5. Trump is my President I am Canadian | May 8, 2020 at 4:55 PM | Reply

    My house isn’t worth 1/2 of what I paid for it. So much for my retirement.

    • Trump is my President I am Canadian Just don’t sell now. Wait if you can and sell when things pick back up.

    • Jarrett Kushner | May 9, 2020 at 2:52 PM | Reply

      Maybe you shouldn’t have planned on your house being your retirement

  6. David WEUM | May 8, 2020 at 5:31 PM | Reply

    My old neighbor just put his house on the market at a price 33% above the pre-virus valuation.

  7. Christian Castel | May 8, 2020 at 5:49 PM | Reply

    Actual video title: Speculator giving his opinion

  8. dave woode | May 8, 2020 at 6:13 PM | Reply

    ya what a crock, home sales will skyrocket in rural areas as everyone flees the city leaving only stupid reporters like this one in the cities

    • Tamatik Canada | May 9, 2020 at 10:29 PM | Reply

      Well said!
      I wouldn’t want to live in the city. The crime rates are going up for “some reason”.

  9. dave woode | May 8, 2020 at 6:15 PM | Reply

    funny, i want to watch the news and turn it on, two minutes in im back to videos of fixing caterpillar tractors, much more informative and truthful

  10. Scorched Earth | May 8, 2020 at 7:39 PM | Reply

    Can’t wait to move to the Republic of Alberta and Saskatchewan. Moving to the country going to pick me some peaches.

  11. Unemployment is not 13 percent its much higher.

  12. Overpriced market due for a correction, shame it’s one of the biggest assets for most Canadians. Anyways, price can’t keep on going up indefinitely because it’s not sustainable.

  13. Trail Hiker | May 9, 2020 at 2:05 AM | Reply

    How do you know when a Realtor is lying? Their lips are moving. 🙂

  14. Carlene Palmer | May 9, 2020 at 8:51 AM | Reply

    I hope rent goes down

  15. Cut out foreigners and Canadians would actually have normal prices to afford them.

  16. Erich Trumpelstiltskin | May 9, 2020 at 12:23 PM | Reply

    Real estate down. Oil down. Service industry down. Schools down.

  17. Be honest dude. Condo sales will be down bc no one wants to live in condos anymore bc of social distancing.

  18. Jarrett Kushner | May 9, 2020 at 2:51 PM | Reply

    Maybe I’ll finally be able to afford a tiny home for myself

  19. doyle gortmaker | May 9, 2020 at 3:42 PM | Reply

    Here in America , we have been told we could see a depressing much worse then the great depression of the 1930.

  20. 50% off by fall 2021. Buyers this summer are going to be heavily underwater within a year but hey maybe Im wrong

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