REALTOR Association CREA Sees BIG Price Jump

But what else are they going to say? They represent commission salespeople, they would likely want to pump that market, right? Would the Used Car Sales Association not promote the trustworthiness of that Group? But some of this is hard to understand, how would they come up with a precise number of 4.7% as a National Home Price Increase in 2025 & simultaneously say they have given ZERO consideration of any Trump Trade Actions? Why provide any number if it is just whimsy? And yet quarter after quarter this report will be picked up by News Feeds across Canada & be presented to young homebuyers as a kind of certainty? WTF?

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[peterplouf]

Here is a simple rule of life to deal with these situations. "NEVER take advice from anybody who's income relies on you taking their advice"

[fmelvis]

Urgent!! You must buy now before prices explode!!! Lol. There's a special place in hell for realtors.

[BotBot-yc]

When 60% of people income is going to rent, people will have no money left to save for downpayment or spend. This has have huge impact on businesses and our Canadian economy. House prices and rent must come down in order to have a vibrant economy. We are screwed.

[PoonamKothari-fw]

I am thinking to shift myself to usa . Top priority goal for 2025 move outside of canada instead of thinking to purchase overhyped shitty old homes at avg prices of 1.2 m .

[festekj]

The difference between real estate agents and car salesmen is that real estate agents are licensed via the financial sector. Imagine a financial planner sets you up with a portfolio of risky investments when your profile is clearly risk adverse. The financial planner can be held accountable. They should have the same framework in real estate.

[joshdoddadbod]

Even with low interest rates (which we don't have yet in the fixed market) people are either fed up or broke AF. My prediction is the opposite, 5% decline.

[JimFitzGerald-kp]

Year after year CREA reported Growth. At the beginning of 2024 they forecasted significant increases in cottage country. We all know that never happened. Ron is Bang on!

[meshworkj]

Real estate agents making lawyers look honest.

[howardabe]

Hey Ron love your YouTube channel. I recently purchased a condo and did a private deal. Was it a good idea? No. Have I made money? Not much. The only satisfaction that I got was cutting the Realtors out of the transaction. Was it a lot of work? Yes. But I believe that my effort was well rewarded since I saved the real estate fees. I think that the work that I did was worth $5, 000.00 at the very most, I can't believe that realtors are allowed to charge a fee based on the cost of the home sold-what an egregious conflict of interest. If Real Estate and associated services were not 40% of Canada's GDP this farce would have been ended long ago.

Subscribed with vigor...

[didafm]

1 year ago realtors were making videos saying people are on the sidelines waiting for interest rates to go down

[jeffguarino]

I have read in the past where the CREA did not predict house price increases, like in 1993. Also the commission income for agents is based on the number of sales per year and not much on the sales price. So if the sell 11 houses at a lower price would be more money for them than selling 10 houses at higher prices. Generally unless the increase in prices are very high then the CREA has no bias. Also you have to subtract the general inflation from 4.7% which is 2%, so the increase in prices would be 2.7% in real not monetary sales prices. If you have 7% inflation and the houses go up in price 7%, then the actual increase is zero.

[asharalnaser]

There is a difference between forecasted VS actual numbers. I agree with Trump effect. It will make a huge difference in how we Canadians feel collectively, which will translate into housing market.

[bifflowman]

Might be an increase of 4% in CAD, but that's only after a bigger drop in the exchange rate!

[Daniel-lvvv]

Lol. It's called calming the markets.

Like the american mortgage brokers association meeting in Las Vegas in 2007.

Everything is fine. Sell more. Money money money

Residential Real estate investing returns are dead in Canada for the next many years.

A home is a place to live not an investment.
.

[darylerica]

Greed has no bounds. More rigged than the stock market!

[marksaulnier]

According to a real estate agent, the time to buy is always now.
The pent-up demand line has been debunked and will continue in real time for everyone to see.

[stevendefehr]

My prediction is tariff threats to Canada will fizzle out in the next couple months and real estate will go up 10per cent in the greater Vancouver and greater Toronto areas in 2025. 😊
Great channel Ron 🍻

[cangeek]

Price the property below market value and let the buyers bid - BIGGEST scam !!

[NCE-bk]

I love your content Ron! I believe there’s a lot of data cooking to favour those in the real estate industry. I’m not buying anything till 2026.

[faisal-ca]

Still telling people to buy more to boost the economy and have it doubled by retirement time. So many people have been fooled into investing in real estate.