Ep 49: Interest Rate Changes and What Lays Ahead for Ontario's Housing Crisis | PromoMinds Podcast

Send us a textTaking a look at the Canadian Housing Crisis and what a lower interest rate means as compared to the US Dollar. Looking at the turmoil that Ontario could see in the coming few years. Steve shares what he's been seeing in real-time with the markets, new listings coming on, as well as the record breaking condo inventory in the GTA. Steve even shares insights from previous recessions and how it affected the housing market. We may be in a different market this time around, and Steve explains why he thinks this.What are your thoughts on this episode? What are you seeing in your market? What do you disagree with or where does Steve have it wrong? Share in the comments below!Mentioned in this episode:"History Suggests Stressful Times for the Canadian Housing Market" by Newswire.cahttps://www.newswire.ca/news-releases/history-suggests-stressful-times-for-the-canadian-housing-market-880614911.htmlThis episode was recorded Live and can be found on The PromoMinds Podcast YouTube channel.https://www.youtube.com/watch?v=zy52CmWrZK8#ontariorealestate #interestrates #cad #usd #ontario #housingcrisis #ontariohousingmarket #canadianrealestate #canadianrealestateinvestor #mortgagerates #financialmarkets #stockmarket #bondmarket #recession #recession2024