As we roll into the spring, our real estate experts are back to give us their take on the state of Canada’s housing market. Scotiabank Economist Farah Omran and John Webster, Scotiabank's Head of Real Estate Secured Lending, tell us why they’re hesitant to use terms like recovery or stabilization, why supply is still a huge issue, where things may be headed as we go into the busy season and much more. 

Key moments this episode: 

1:12 — Summarizing the state of the market 

3:00 — What does the market look like now compared to pre-pandemic? 

5:07 — Are we in a stabilization period now? 

7:36 — Is there any light at the end of the tunnel in terms of housing affordability?  

13:21 — Where are interest rates headed? 

15:15 — How have interest rate rises affected Canadian mortgage holders? 

18:58 — Why price declines don’t necessarily help with affordability. 

21:57 — Will the new FHSA affect demand? 

23:32 — Crystal ball time — what the next six months may look like in the market