Housing market best of all sectors to weather the coronavirus storm in Canada: Royal LePage

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  • ℹ️ Description
Housing market best of all sectors to weather the coronavirus storm in Canada: Royal LePage 3
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Royal LePage CEO Phil Soper talks with Larysa Harapyn about the state of the Canadian real estate market in the wake of the coronavirus outbreak, and a massive Bank of Canada rate cut, and what it means for the various regions of the country.




💬 Comments on the video
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What the hell is he talking about? He makes no sense whatsoever.

Author — Alexandre Galin

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The housing market has been a bubble for years and eventually all bubbles bust

Author — raz ram

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This was the most drawn out beat-around-the-bush way I have ever heard someone say something.


He spent 10 minutes trying to pussy foot around the words of "The housing market is going down."

Author — First Last

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When prices start dropping everyone will be afraid to go out and buy. Same as the stock market you don’t know what the bottom will be.

Author — Steven R

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Roof over your head? Requires mortgage payment. .

Author — C M

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Hahahaha housing will drag Canada into the hole lol

Author — Gabriel Sagula

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Moving forward, plenty of dangerous unknowns, the impact of COVID19 has no borders, it is affecting everyone on a global scale. Everyone stay healthy.

Author — C0RAX

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The whole greedy housing market in Canada needs a reset.

Author — 81canuck81

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To be expected from head of a realtor agency :) they can make a living only if price increase.

Author — Siju Mathew

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Isn't this a conflict of interest? I would rather hear from a economist...someone not invested in the industry.

Author — Janey Cat

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The Elephant is in the room and there’s no way out but to see a collapse of the housing market. Q3 will bring consumer confidence way down.

Author — Drew Derek

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WHO declares novel coronavirus outbreak a pandemic

Author — Sami Dir

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Realtors deny what is coming, commission will be down50% again

Author — ken birkin

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everything bubble nothing will be safe...what happens when people cant afford their payment because they lose their job and have ZERO savings... thinking they are rich because of an asset that has a value of it on a worthless piece of paper GL

Author — Tom poP

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please buy ... it will be 1m, , , 2 m ....3 m in a year please email you realtor and say thank you !!!... i hope COVID will give hope for middle-class Canadians

Author — yaroslav dvorskyy

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Finally a way for millennials to get their cut of the bargain and get a house for a decent price. YAY

Author — Alex

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his eyes never lie. he is a liar. ask a few body language specialists. they will tell you he is a great liar. he is trying harder to take the money of poor people to see them poorest soon.

Author — Sanjay Gupta

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Any ideas on what will happen to real estate values in Canada if this pandemic lasts for a year or two? Will it become a buyers market for the first time in years?

Author — B Charron

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The housing market homes sales are predicted to drop 5% in the coming months. I think it will be higher as some Covid 19 cases across Ontario aren't being reported to it's fully capacity. The GTA is still doing a terrible job of social distancing at some grocery stores. The second wave of Corona viruses cases is gauranteed as cases and deaths keep a consistent average. If the province opens up in June the cases will skyrocket again. Even with tight restrictions a third and fourth wave of cases spiking will happen and that will take Ontario right into winter. Job losses in small businesses and medium size business data still has not come out to its full extent. Trudeau is keeping the panick down for now but once the data come out in the next coming months. The stimulus packaged will affect Ontario's economy next year when the interest rate goes back up and inflation is raised. Job creation will be slow. Expect housing prices to slide 10-20% in 2021.

Author — Alastair

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This guy is lying, he is definitely scared, remember government will give money to the Banks, not to the people aS happened in 2008 in United States, remember Canada is not so strong economically as United States, and it took almost 10 years to United States market to recover, so if you are smart real estate is not the best at this time to keep money in... Sell it .. You will see whatt is going to happen in few weeks...

Author — yaroslav dvorskyy