CMHC updates and CREA stats - plus we hear from all our meetup hosts and their market conditions.

• Despite recent interest rate cuts, the Canadian housing market remains stagnant, with national home sales showing only a modest 1.3% increase in August but down 2.1% year-over-year.
• New property listings are up by 1.1% but remain below historical averages, contributing to a balanced market where supply and demand are steady but not dynamic.
• The MLS® Home Price Index indicates flat housing prices from July to August, with a 3.9% decrease year-over-year, as buyers await further price drops and increased affordability from interest rate cuts.

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Nick

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Dan

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We are joined today by the CEO of Greybrook, Sasha Cucuz, who shares his thoughts on the market;

• Sasha Cucuz shares insights into recent market volatility, highlighting factors like fluctuating interest rates and changes in consumer sentiment.
• Evaluation of the Bank of Canada's efforts to engineer a "soft landing" with interest rates and their impact on real estate activity.
• Importance of addressing supply-side challenges in Canadian housing to solve the affordability crisis.
• Sasha's recommendations for investors: focus on finding capable partners and leveraging expert advice instead of a DIY approach.

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We are honoured to be joined by Ethan & Elizabeth, partners & founders of cheap old houses - at this point, world famous for finding the best houses at the best prices and using love, skill and passion to bring them back to glory! we discuss,

• Great houses tell stories and evoke inspiration.
• What draws viewers or buyers to certain properties.
• The ongoing housing crisis across North America.
• Evaluating properties for timelessness, including considerations of wastefulness, character, and renovation potential, especially in restoring cheap old houses.

Sign Up For The Next Webinar Realist

Join the best community in Canadian Real Estate realist.ca

Attend a Meetups Meetups

Nick

Instagram.com/mybuddynick

tiktok.com/@mybuddynick

twitter.com/mybuddynick89

Dan

twitter.com/daniel_foch

instagram.com/danielfoch

tiktok.com/@danielfoch

See omnystudio.com/listener for privacy information.