Bank of Canada CUTS rates - but house prices are dropping.

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Interest rates AND house prices are down?! HOW IS THIS POSSIBLE?!

In this video, we explore the current state of Canada's housing market, highlighting the simultaneous fall in house prices and interest rates, yet persistent affordability issues. We delve into the Toronto Real Estate Board's latest statistics, examine the Bank of Canada's policies, and discuss Bloomberg's perspective on achieving pre-COVID affordability levels. Additionally, we analyze the impact of rate cut cycles on mortgage delinquencies and consider potential government policies that could reshape the housing landscape. Join us for an in-depth look at these pressing topics and stay tuned until the end for insightful predictions on the future of Canadian real estate.

00:00 Introduction
01:02 Bank of Canada’s Measures and Trapped Policies
02:02 Inflation-Adjusted Fall in House Prices
02:43 OREA CEO Tim Hudak Calls for Rate Cuts
03:34 Continued Housing Affordability Issues in Canada
03:41 Bloomberg’s Chart on Restoring Affordability
04:21 Bank of Canada’s Stance on Interest Rates
05:07 Impact of House Prices and Wages on Inflation
05:41 Low Real Estate Demand and Increasing Inventory
06:03 Optimism About Rate Cuts and Real Estate Market
07:02 Economic Data and Rising Unemployment
07:48 Rolling Back the B20 Stress Test
08:36 Impact of B20 Stress Test on Borrowing Power
09:29 Potential Changes in Foreign Ownership Policies
10:18 Final Thoughts and Comments