Rate cuts will boost home sales, not housing starts: economist

Marc Desormeaux, principal economist at Desjardins, joins BNN Bloomberg to share his outlook on housing.

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[funkspinna]

Hey, but let's increase demand by allowing record levels of immigration in decades. LOL.

[Barr]

Mortgage rates are determined by yield in the bond market, not by B of C rate cuts. Short term rates, controlled by the B of C rate cuts, will drop, making it easier to pay car loans. In the long term mortgage rates will actually go up as inflation rises by the debt created by the B of C rate cuts, as bond yields rise.

[nairnbaker]

The new comers will take the old stock Canadians homes. Remember you voted for this.

[elijahrobertscinema]

Wages have raised ? Thats news to me.... and every other construction worker

[aujlamoney]

Construction costs up 60 % house prices 100 % in the last few years 😑 😒

[DiggyT]

Funny how building costs weren't high from the 1800s up until 2010.

[theoffspring]

We will get a glut of housing inventory this year once the sellers who are waiting for rate cuts list their properties.

[romeoandjuliet]

Ppl got no money to eat how they buy house

[parkerbohnn]

Where I live in Ontario will lead to absolute zero listings after the middle of June. Guaranteed double digit price gains huge bidding wars and bully bids. Markham and Stouffville will see double digit price gains this year and only a few scant listings that will go in huge overbids or in one bully bid.

[APICSKH]

When these clowns say labour shortages, I automatically add one word before CHEAP/FREE

[Lisa-vkjw]

Only reasonable rates will get building going again. You don’t need an economics degree to understand this😂

[dougiep]

I dout it.. mightt stop a few forxlosures