Canada’s once soaring house prices are now dropping after a wave of interest rate hikes, but will they fall even further? This episode, Scotiabank’s Head of Real Estate Secured Lending John Webster and economist Farah Omran joins us once again to break it all down and take us behind the headlines. 

Key moments this episode: 

2:01 — Brief catch up on what’s happened in the last 6 months 

3:50 — How the market’s been a bit of a roller coaster 

4:23 — How have interest rate hikes affected the average selling prices 

5:46 — What does “balanced market” mean and are we seeing one? 

7:19 — Putting the covid housing boom vs current prices in perspective 

9:16 — Will prices go below pre pandemic levels? How low will they go? 

11:23 — What about people who bought at the peak and are seeing the price of their home go down? 

13:40 — Is this a good time to jump onto the market? 

15:11 — The big question: fixed or variable? 

16:32 — What factors that will continue to drive demand even as prices come down? 

21:02 — What should someone be thinking about if they’re looking to buy or sell in the next 6 months?