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Toronto Needs More CCP Money to keep it from Crashing

2,203 views · Published 13 July 2018 · 7:05 · Indexed 25 September 2026

Channel: Mike Martins · 2018 · News & Politics

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Mike Martins is discussing the Canadian real estate market, focusing on how housing prices are behaving in major cities like Toronto, Vancouver, and Montreal. He highlights the following key points:

Toronto Market: Mike mentions that Toronto's real estate market is experiencing a decline in growth, with prices moving into negative territory after a previous surge. He references the Toronto Housing Price Index (HPI) and National Bank of Canada's data showing a significant drop in prices, especially after the peak in July 2017. He notes that Toronto may soon become a buyer's market If Chinese money Laundering stops 

Real Estate Price Deceleration: The overall Canadian market has been seeing price growth decelerating for 12 consecutive months. While some cities, like Montreal, have experienced price increases, others like Toronto and Vancouver are seeing a slowdown or a drop in price growth due to higher interest rates and reduced demand.

Vancouver Market: Vancouver's market has also hit record high prices, but the growth has begun to taper off, with prices rising only slightly in June compared to the previous months.

Montreal's Market: Montreal is the exception among the three cities, as its real estate market is still seeing price increases, although the growth rate has slowed.

General Trend: Mike emphasizes the trend of cooling real estate markets across Canada, driven by higher interest rates and a decline in demand, and speculates that this could lead to a correction similar to the 2008-2009 housing crash.

Critique of Data Sources: He criticizes certain real estate agencies (like Royal LePage and Century 21) for allegedly swaying numbers in a way that benefits their sales agenda and encourages viewers to trust more accurate sources like Better Dwelling.

Call to Action: Mike encourages his audience to comment on whether they agree with his analysis and to provide insights about what's happening in Toronto and other markets.

Overall, Mike is discussing how Canada's real estate market is cooling off, with price growth decelerating across major cities and speculating that the trend could continue, leading to more affordable housing in the future.

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