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MNI PODCAST: FedSpeak - Home Supply Fear Trumps BOC Rate Hikes

EXECUTIVE SUMMARY

  • Karen Yolevski, Chief Operating Officer of Royal LePage Real Estate Services Ltd., says fear of missing out is driven by a lack of homes for sale.
  • Some buyers are moving more than two hours away from Toronto if they are able to work remotely three or four days week to find a home they can afford.
  • Buyers across Canada are boosted by strong job markets and savings built up during the pandemic, Yolevski says.
  • Canada has an "absolute supply crisis" and more rentals are needed to handle record immigration plans, she says.
  • Listen to the podcast here.
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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