Home Sales Up, New Construction Stays Down — Toronto & Vancouver Real Estate Roundtable November 2024

11/12/24 • 53 min

It’s November Roundtable time!

Note: This show was recorded before the results of the US election were reported - more on that next time

This week, John and Steve discuss whether their respective real estate markets in Toronto and Vancouver are picking up as sales increase and inventory comes down and how immigration cuts and calls to cut GST and development charges would impact sales and home prices.

Follow Steve on X-Twitter @SteveSaretsky; Email at: [email protected]

Follow John on X-Twitter @JohnPasalis; Email at: [email protected]

Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected]

About This Roundtable Series

Each month, Move Smartly.com editor, Urmi Desai, talks to John Pasalis, Housing Analyst, Broker and President of Realosophy Realty in Toronto, and Steve Saretsky, Housing Analyst and Realtor at the Oakwin Realty Group at Oakwin Realty in Vancouver about the latest data and on-the-ground insights in Canada's biggest residential RE markets. (Thanks to Jesse Bains, now at Linked In News, for kicking off this series at Yahoo Finance originally!)

About This Show

The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.

You can also watch this episode on our MoveSmartly YouTube channel here:

https://www.youtube.com/movesmartly

If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support!

It’s November Roundtable time!

Note: This show was recorded before the results of the US election were reported - more on that next time

Follow Steve on X-Twitter @SteveSaretsky; Email at: [email protected]

Follow John on X-Twitter @JohnPasalis; Email at: [email protected]

Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected]

About This Roundtable Series

About This Show

You can also watch this episode on our MoveSmartly YouTube channel here:

https://www.youtube.com/movesmartly

If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support!

Previous Episode

How Fees and Taxes on Building Developers are Driving Up Home Prices: An Interview with Matt Young

In this week’s episode, John and Urmi talk to Matt Young, Founder, President and CEO of Republic a Greater Toronto Area home building company and founder of the CantWin, the Coalition Against New Home Taxes, a campaign to urge governments to reduce the fees and taxes charged to builders.

Matt explains why he feels that of all costs facing buildings reducing taxes is the easiest way to make homes more affordable at a time when demand has really fallen for new housing.

Link’s for Today’s Show:

CantWin: https://www.cantwin.ca/

Republic: https://republicdevelopments.com/our-team/

Connect with Us:

John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: as

[email protected] | Twitter: @JohnPasalis

Urmi Desai, Editor, Move Smartly | Email: [email protected] | X-Twitter: @MoveSmartly

About This Show

You can also watch this and every podcast episode on our MoveSmartly YouTube channel: https://www.youtube.com/movesmartly

If you enjoy our show and find it useful, please share, subscribe and leave us a positive rating on whatever platform you are watching or listening to us from - thank you!

Next Episode

Why Are Toronto Home Sales Picking-Up? + Why Interest Rates May Not Fall More — November Toronto Area Real Estate Market Live Update & Q/A

Each month, show co-host John Pasalis presents his latest data and top stories on Toronto area real estate in conversation with fellow Realosophy agents, Gus Papaioannou and Davin McMahon, and our Move Smartly mortgage expert, David Larock - and you, our viewers, who join the conversation in our live chat hosted by Move Smartly Editor Urmi Desai to make this is one of our liveliest segments!

Set-up a meeting with John Pasalis and his agents at Realosophy to discuss your own real estate questions privately: https://www.movesmartly.com/meetjohn

Sign up for our email list to be alerted to the next online market update to join our YouTube session live chat and ask your own Qs: https://www.movesmartly.com/monthly-public-webinar

Today's show links:

John’s homebuying webinar link: https://www.movesmartly.com/top-10-home-buying-strategies

John's latest market report for October with latest data on MoveSmartly.com: https://www.movesmartly.com/reports

Dave Larock's latest blog post on mortgage rates on MoveSmartly.com: https://www.movesmartly.com/articles/author/david-larock

John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: [email protected] | X-Twitter: @JohnPasalis

David Larock, Mortgage Broker and Analyst and Realtor | Email: [email protected] | X-Twitter: @Dave_at_IMP

Urmi Desai, Editor, Move Smartly | Email: [email protected] | X-Twitter: @MoveSmartly

About This Show

You can also watch this and every episode on our MoveSmartly YouTube channel here: https://www.youtube.com/movesmartly

If you enjoy our show and find it useful, please subscribe and leave us a positive rating on whatever platform you are watching or listening to us from — thank you!