Perspectives

Real estate update: Why the market is likely to heat up this spring


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Despite general economic uncertainty, there’s reason to be optimistic about Canada’s housing market. Tracy Gomes, Senior Vice President of Real Estate Secured Lending at Scotiabank and Scotiabank Chief Economist, Jean-François Perrault join us to give the lay of the land ahead of what is shaping up to be a strong spring real estate season. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

 

Key moments this episode: 

1:22 – JF and Tracy give us a quick summary of the current real estate market 

2:20 – Breaking down the new buyer-friendly regulations that recently came into effect 

6:37 – Why things are looking optimistic for the spring real estate market 

9:13 – Do changes in immigration policy have any effect on housing demand? 

10:10 – Tracy tells us what the sentiment is from folks on the ground in the housing market 

11:22 – Why developers aren’t necessarily optimistic right now 

12:36 – Will prices be increasing this fall? 

13:50 – Where Canada is at in terms of construction of new housing (including condos) 

15:29 – The number one question on mortgage clients’ minds right now 

18:45 – Why tariff uncertainty could be both good and bad news for mortgage holders and would-be buyers 

21:00 – What should people who are looking to buy a house this spring be asking themselves? 

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