Liberal Party Impacts - Will This Finally Make Toronto Real Estate More Affordable in 2021 & Beyond?

Liberal Party Impacts - Will This Finally Make Toronto Real Estate More Affordable in 2021 & Beyond?

The Liberal Party has won yet another election with a minority government. So what does this 2021 election victory mean for the Toronto Real Estate Market and the overall housing market in Canada? In this edition of the Prime Properties Podcast, I'm going to break down the Liberal Party's Housing Plan and go through the rippling impacts of this Liberal Party victory.

Let's have some REAL talk on this Liberal Party Housing Plan and see how it fares. Be sure to tune in as I analyze each line item listed in the Housing Plan and shed light on what each point actually means for you. As an added bonus, I'm also going to review the overall housing market that's been under Justin Trudeau's government over the past 6 years. This analysis will highlight the inflationary changes that took place during this time and what will potentially be coming our way in the near future.

P.S., I also touch upon the Evergrande situation in China as a lot of people are curious about what is happening and whether this will affect us in Canada.

#TorontoRealEstate #TorontoRealEstateMarket #CanadianRealEstate #LiberalPartyHousingPlan #PrimePropertiesPodcast

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[chrisborecki]

Politics aside government parties all ran on the same slogan “affordable housing” the average joe interprets this as “cheaper “ prices which is not the case. The government will only help aid through programs and tax benefits to help save for a home down payment and offset costs. A surge in new supply could help but it won’t be enough to bring prices down, just slow them down

[Jiggysaw]

Great presentation Zhen, it was a very enjoyable episode that is full of useful information!!!!

[Slickpete]

*thanks Zhen great video, glad to hear more people finally get it*
*federal government will not do anything on housing, it's more about supply vs. demand, and its more Municipal & Provincal government related, lots of government red tape to get new projects started, dumb zoning laws(also the not in my backyard mob pushes city counselors), development taxes & and more carbon taxes will just increase the cost to build homes which just gets passed down to buyers*

[notoriousman]

Thanks for sharing these videos. Keep it up!

[Max_Divies_]

Thanks for sharing your insights Zhen - very interesting to hear your perspective on these topics! The world according to Zhen! :-) There is logic in many of your opinions and comments.

[lenhh]

Great analysis. Glad i am a home owner.

[fionarofl]

Could you also speak slower, and maybe more straight to the point? I found the latter half of your podcast informative, but the beginning was tons of filler.

[Sarahyangtoronto]

I am really hoping for a crash so I can buy, not in Toronto but out of GTA. Even Niagara region saw a huge increase, which is just not normal. Crash is likely to happen.