Canada's home sales and prices are falling. Has something changed in the housing market?

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Episode 165 of Down to Business podcast. Listen here.

This week on Down to Business, Murtaza Haider, a professor of real estate management at Toronto Metropolitan University, explains why he thinks housing prices in Canada will return to their space-ward trajectory.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

But as hybrid work arrangements take a more permanent shape, and companies reconsider their commercial office space, things could change. But that remains several years away at best. As always the interview is edited for clarity and brevity.

 

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Nudge is as good as a wink to a blind man...like are you serious? interest rates go up and affordability goes down!

Well real estate and construction is one of Canada’s major economic drivers. The auto industry is another. Oil and gas probably the largest. That’s 3 down What’s next on Trudeau’s fix-it list?

Yes. JustinTrudeau F’d up Canada’s economy.

Canadians have no money, our governments knee jerked sanctions managed to destabilize half the planets economy, forcing regular people to sacrifice their savings for a inept warmongering puppet regime in Ukraine that's using our donated equipment to bomb a nuclear power plant

This headline should be ironic but isn't.

Yeah interest rates and are going higher.

Ya, a key interest rate of 3.75%. Oh and this Liberal ideology of 'you will own nothing and be happy'. Wake the fuck up people, the only people who are benefiting from this are politicians and banks.

People who had no business buying homes were getting by artificially low interest rates. Take away the punch bowl and the emperor has no clothes. This is good for long term future.

Seriously, they just raised the interest rate again and this is your headline?

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