Forecasting Canadian Real Estate with Phil Soper: 3 Year History

#canadianrealestate #canadarealestate #canadianhousingmarket

Canada’s real estate market could take back off in 2025 – this according to a number of recent interviews with Royal LePage CEO Phil Soper. Yet, how well have Soper’s predictions worked out over the past few years?

Links:

Housing outlook for 2025:

Housing outlook for 2025:

Toronto’s housing market will boom in 2025, Royal LePage head says — making it the most expensive market in Canada:

Toronto’s first-time homebuyers have saved up and are finally ready to buy — but there’s one thing holding them back :

Harvard Guide to Using Sources:

Market Watch Archive:

Royal LePage: Canada’s national aggregate home price forecast to rise 10.5% by the end of 2022:

Bank of Canada makes another emergency cut to interest rate:

Wayback Moneysense: Bank of Canada Holds Key Interest Rate, but the Cost of Your Mortgage May Still Go Up:

Fixed Vs. VRM - Monthly:

Consumer Price Index, November 2021:

2023 national aggregate home price forecast to end year 1.0% below fourth quarter of 2022: Royal LePage:

Bank of Canada warns of steep jump in mortgage payments:

David Rosenberg: Canada's menacing mortgage math means crisis looming:

RBC warns of rising mortgage losses through 2025 with upcoming renewals:

Banks are expecting a wave of mortgage defaults: Economists say a credit crunch could hurt us all:

Slow mortgage growth continued as homebuyers remained on sidelines:

Mark Mitchell – Mortgage Broker London Ontario
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Commentary on this Channel should not be considered financial advice.

[nairbos]

Mark is MAD in this one, I love it. Phil is a charlatan and I appreciate your calling him out and the media for giving him even a shred of credibility.

[robdoubleyou]

Make no mistake. This youtube channel is where real journalism is happening. Great video Mark!

This was a deliciously honest look at the influence of ad dollars on “conventional journalism.” Constantly bringing on market participants who “talk their book” instead of objective outsiders.

You are awesome Mark! ❤

[izzy]

If one is continuosly bad at their job, they should be let go. That being said, it goes to show that listening to others can and often does get us in to trouble.
Thanks for calling it out Mark!

[byvrub]

In a free society, the media should be providing an unbiased, balanced view, trying their best to report the objective truth. But what they are doing instead is to push a narrative that suits the government and the real estate industry. Thankfully, there are still independent content creators out there like you.

[Gamepiececommander]

Phil is peddling exuberance which is detached from reality

[kjs]

Excellent video, the key takeaway for me is the reinforcement of my view that the real estate industry is inherently corrupt.

[lawrencehalpin]

Great journalism Mr. Mitchell. And they wonder why a lot of people don't watch or listen to them. Thank you.

[MBern-pgro]

phil soper = Jim cramer of Canadian real estate

[jessica.thunder]

I love youtube for analysis like this from real people. Thank you.

[shak]

Mark, you produce must-watch content frequently and it’s only a matter of time before the broader audience catch on. I believe this type of content deserves a spot in your monthly rotation: evaluating RE analysts, 'legends, ' or news sources like Royal LePage, CMHC, and CREA, based on their predictions and track records. This would help your viewers and followers distinguish credible voices in the industry while boosting your channel. No liability on your part given use of publicly available info / data to draw conclusions. Your work is making a real impact!

[MatthewSantagapita]

It’s truly amazing how much basic logic is never considered. Doing a great job Mark. My prediction for Canadian home prices is they remain flat and possibly drop again in 2025 as fixed money will not drop to the rates we need to see to keep prices up. Rates don’t go down during war times and everything is pointing towards increased conflict.

[eggsmondo]

I’ve been looking at houses for >2 years, trying desperately to figure out the right place and time to buy. Every single realtor I’ve used likes to tell me that “it’s just a little hiccup now, prices should take off soon again”, and every single time, it hasn’t. I don’t know what these guys are smoking, but I’d sure love it if there was a list of realtors out there who aren’t smoking it, I would love to send my business their way.

[teemjay]

Wow, this was quite the expose! Love it!

[AshrafulAlam-zwxw]

Nailed down perfectly. Very well done.

[lynnspencer]

BNN Bloomberg needs to get their act together. They should know Soper’s track record by now. Thanks Mark for a great video.

[ChristianDuval-hr]

What a great review it amaze me is you have only 27K should have 5 millions subscibers
The reason: People are probably depress to realize the are in trouble and watching your review just put the nail in the coffin

[katsavidiz]

Great info with some pretty good laughs along the way with those cutaways!!! Thanks!

[BCToby]

Oh this is some of your finest work Mark, thank you for this :D!

[romantkachuk]

Phil’s job is to raise the number of transactions. Whether you profit or lose is not in the scope of realtor’s job. He’s doing it well.
But Mark is the real hero here, he brings the torch of truth often conflicting with his own interest. As once Prometheus brought the light down to earth sacrificing himself for the rest of us. Thank you Mark for your hard work

[berelentless]

You are my favorite person. You made me laugh with the armless "its just a flesh wound." Haha!