The Next Big Trade - Steve Saretsky Says Canada’s Red-Hot Housing Market Will Cool

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 3 July 2022

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here’s a full-length episode from Real Vision's original series, The Next Big Trade - be sure to subscribe. Realtor Steve Saretsky is the author of one of Vancouver’s most popular real estate blogs. Steve joins Harry Melandri to talk about everything to do with Canada’s housing market. He’s bearish because mortgage rates are rising rapidly while consumer debt levels are already very high. Vancouver, Toronto, and other major Canadian markets have been red-hot for years. But people in those markets are now highly leveraged. Steve sorts through the implications and forecasts what’s next for housing in Canada. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:04.0	Here's what's coming up on this edition of next big trade. Enjoy the show.
1:13.0	What we're seeing here is like I've worked with like a ton of first time home buyers.
1:17.0	All of them get help. All of them get help from mum and dad.
1:20.0	And if you don't have a mum and dad that have been successful enough
1:25.0	or that were fortunate enough to get on the housing ladder 30 years ago,
1:28.0	you're kind of screwed. You're kind of out of luck.
	...

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