Canada’s home sales and prices are falling. Has something changed in the housing market?

Article content

Across Canada, the number of houses and condos being sold is dropping, and what’s more prices are falling. But has anything fundamentally changed in the real estate market?

Article content

This week on Down to Business, Murtaza Haider, a professor of real estate management at Toronto Metropolitan University, explains why he thinks housing prices in Canada will return to their space-ward trajectory.

Article content

Haider said rising interest rates have forced prospective homebuyers to look in lower price brackets, which is bringing housing prices down. But he thinks the problem remains the same — too many people, not enough houses.

But as hybrid work arrangements take a more permanent shape, and companies reconsider their commercial office space, things could change. But that remains several years away at best. As always the interview is edited for clarity and brevity.

Listen on Apple Podcasts, Spotify, Stitcher and YouTube where you can also subscribe to get new episodes every Wednesday morning.

If you have any questions about the show, or if there are topics you want us to tackle, email us: [email protected].

• Email: [email protected] | Twitter: GabeFriedz