The Feds are getting desperate. Home sales continue to slump | GTA Real Estate 2024

In what appears to be a last ditch effort to get re-elected, the federal government announced some big changes to CMHC insured mortgages and 30-year amortizations. All the while, home sales across the GTA got off to their slowest start... ever?

In this video, I'll break down the proposed changes from CMHC set to take effect on December 15, take a look at how active home buyers are in their searches, and update you on what is going on with sales activity and active listings.

Do you have questions about anything I covered in this video or what is happening in your local market?

Twitter/X - @rob_siglio
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The Feds are getting desperate. Home sales continue to slump | GTA Real Estate 2024

[MR-rf]

Three generations will now pay the same mortgage. 👏 👏👏

[peej]

People please be smarter. Whole point is to get out of debt, not bury yourself more into it. 1.5 million? Get outta here

[DmitriiSokolovMD]

I’d prefer to pay more money in long run but move in my own house earlier from rented, because I can invest in better appliance or do some renovation (especially bathroom). In this case I will not have to use 10 years old appliance, mold bathroom and fix wholes in old windows by myself. Whatever houses available snd affordable for rent in GTA are not for people and landlords have no incentive to improve them.

[dinagallis]

Could this be for foreign buyers to buy up homes with min down as there have been “some” rules set in place in their country that they can’t take out as much coin as they once could? Hmmmm🤔.. without money laundering this won’t work IMO

[robertrankin]

Good job! Would you consider bringing in guests from more far-flung regions to talk stats in their area?