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Paul Codi who is a 39 year veteran in Real Estate talked about local markets 2024 was not a great year for real estate agents as sales listings and average prices were lower. 2024 was thought to be a buyers market/ Prices are expected to rise as interest rates are expected lower, First time buyers will be encouraged by lower rates and new mortgage rules of 30 year amortization. Local governments are lowering restrictions on buildings which will help with supply in the rental industry. Ryan Pollington talked about Financial markets... Any targets from last year were blown by as financial markets exceeded expectations. Target base case is 6700 for S&P 500 and 28500 for TSX for 2025 At the moment Business sentiment is low. Consumers in Canada are less pessimistic. Interest rates are expected to be lower in Canada. .The wild car is Trump// a 25 % Tariff would play havok to financial markets . leading to a recession in Canada which means higher unemployment and potentially a 30 % hit to markets// At present financial markets are not taking Trump seriously as they are not that far of 2024 highs. |
