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Review 2024, Preview 2025 + Trudeau Going, Trump Coming — Toronto & Vancouver Real Estate Jan 2025

It’s our first roundtable of the year with my co-host John Pasalis in Toronto and Steve Saretsky in Vancouver. This month, John and Steve discuss how the market performed last year and what we can expect in 2025. Plus, when will the preconstruction market slowdown result in price drops and how will the incoming U.S. President Trump’s threats against the Canadian economy and new Conservative government in Canada later this year and impact housing? 00:00 - Intro 01:06 - Vancouver Update 02:54 - Toronto Update 03:51 - Year in Review: 2024 08:58 - Year Ahead: 2025 12:57- When Will Condo Finally Prices Drop? 17:15 - What Will Change Trudeau to Poilievre? 27:00 - Trump and Canada Economy Going Forward 32:21 - Unexpected Pop Growth Upside? 39:47 - Flat RE The New Change in Sentiment? 45:00 - So What Does a Consumer Do Now? Today’s Show Links: John Pasalis - “Is Canada Propping Up Condos”:    • Is Canada Propping up Condo Investors...   Aziz Sunderji - “Immigration, Population Growth and the Allure of English Speaking Countries”: https://www.linkedin.com/posts/azizsu... Contact Us Follow Steve on X-Twitter @SteveSaretsky; Email at: [email protected] Follow John on X-Twitter @JohnPasalis; Email at: [email protected] Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected] About This Roundtable Series Each month, Move Smartly.com editor, Urmi Desai, talks to John Pasalis, Housing Analyst, Broker and President of Realosophy Realty in Toronto, and Steve Saretsky, Housing Analyst and Realtor at the Oakwin Realty Group at Oakwin Realty in Vancouver about the latest data and on-the-ground insights in Canada's biggest residential RE markets. (Thanks to Jesse Bains, now at Linked In News, for kicking off this series at Yahoo Finance originally!) About This Show The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada. You can also listen to this episode on our MoveSmartly podcast here: https://link.chtbl.com/movesmartly If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support!