Episode 215: Housing Market Outlook, GTA Trends, and Millennial Homebuyers' Impact
Ontario Mortgage & Real Estate Insights Podcast
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Episode 215: Housing Market Outlook, GTA Trends, and Millennial Homebuyers' Impact

E215 • Feb 6, 2025 • 19 mins

In this episode, we begin with an overview of the current housing market outlook, followed by an exploration of CMHC's housing market scenarios and city-specific forecasts. We delve into TRREB's outlook for the Greater Toronto Area and examine how government policies are influencing the housing market. Discussion extends to economic resilience amidst U.S. tariffs and their impact. Toronto's January home sales and price forecasts are analyzed, alongside the influence of millennial homebuyers on the market. We also discuss trends in active listings within the Waterloo Region. The episode concludes with closing remarks and a sponsor message from Real Approved.

Key Points

  • The 2025 Housing Market Outlook from CMHC presents three plausible scenarios reflecting economic uncertainties and will be updated as conditions evolve.
  • TRREB's 2025 outlook indicates a potential shift towards a buyers' market in the GTA, driven by increased housing supply and more moderate home price growth.
  • Former Bank of Canada Governor Stephen Poloz warns that ongoing trade tensions and potential new U.S. tariffs could further weaken Canada's already fragile economic backdrop, impacting investment and household spending.
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