Canada’s Housing Crisis, Brought to You by ReMax

Canada’s housing market is facing record-low affordability, and Re/Max’s latest Report turns the cause of the problem into its solution: Borrow More Money. The report repeats outdated supply data, ignores how cheap credit fuelled the boom, and turns a housing crisis into a sales pitch. #canadianhousingmarket #canadarealestate #remax Links: Posthaste: No generation in 30 years has faced a bigger challenge to buy a home, say brokers: https://financialpost.com/news/homebuying-hurdles-highest-in-decades-remax Housing Market Drivers Report - Population growth and policy levers drive triple-digit price gains from 1994-2024: https://blog.remax.ca/housing-market-drivers-report/ Owning a home in Canada is the most affordable it’s been in three years: https://www.rbc.com/en/thought-leadership/economics/canadianhousing/housing-affordability/owning-a-home-in-canada-is-the-most-affordable-its-been-in-three-years/ Population growth and policy shifts fuel 30-year surge in Canadian home prices: https://www.mpamag.com/ca/mortgage-industry/market-updates/population-growth-and-policy-shifts-fuel-30-year-surge-in-canadian-home-prices/554431 Homeownership continues to be greatest driver of wealth, new report highlights: https://www.wealthprofessional.ca/investments/alternative-investments/homeownership-continues-to-be-greatest-driver-of-wealth-new-report-highlights/390628 Estimating the Structural Housing Shortage in Canada: Are We 100 Thousand or Nearly 2 Million Units Short?: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.housing.housing-note.housing-note--may-12-2021-.html The Second-Largest Country in the World is Running Out of Land: https://www.bloomberg.com/news/articles/2021-05-18/the-second-largest-country-in-the-world-is-running-out-of-land BMO chief economist denies Canada’s housing supply ‘myth’: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bmo-chief-economist-denies-canadas-housing-supply-myth/ Making Housing More Affordable: https://www.budget.canada.ca/2022/report-rapport/chap1-en.html Canada's Housing Supply to Prevent a Crash?: https://www.youtube.com/watch?v=ZA2-2lh13Mw Interest Rates: Immediate Rates ( 24 Hours): Prime Rates: Total for Canada: https://fred.stlouisfed.org/series/IRSTPI01CAM156N Real Residential Property Prices for Canada (QCAR628BIS): https://fred.stlouisfed.org/series/QCAR628BIS Bank of Canada: Mortgage stress tests helped prevent spike in delinquencies: https://www.mpamag.com/ca/news/general/bank-of-canada-mortgage-stress-tests-helped-prevent-spike-in-delinquencies/512933 Bias in Canada's Real Estate Reporting? Financial Post Closeup: https://youtu.be/F4jbkiKSzNE?si=e8Y3XClteLSkUtXw Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice