The Liberals have proposed many changes to Canadian housing policy - which of these are likely to happen and what will their impacts be?
Now that the election has concluded and the Liberal Party holds the power once again, attention has turned to not only what their housing proposals are, but also how, and if, they can actually implement them.
I sat down with Yahoo Finance's Jesse Bains and Oakwyn Realty’s Steve Saretsky to discuss.
Watch the full video above where we will try to answer the following key questions:
- Will blind bidding actually happen and will it help reduce home prices?
- Why are so many of the policies focused on demand rather than supply?
- Why would landlords help out a proposed rent-to-own program?
- Are first-time buyers actually interested in utilizing the financial programs that the government offers such as tax-free savings for first home purchases? Are these as beneficial to buyers as they may seem?
- Will sellers start raising prices if the CMHC raises their ensured mortgage cap?
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors.
A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).