Podknife - If Canada's biggest housing markets are bubbles, why aren't they popping? by The Big Story

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If Canada's biggest housing markets are bubbles, why aren't they popping?

Podcast |: The Big Story
Publisher |: Frequency Podcast Network
Media Type |: audio
Podknife tags |: Canada,; News & Politics,; Society & Culture
Categories Via RSS |: Daily News,; News,; News Commentary,; Politics
Publication Date |: Oct 18, 2022
Episode Duration |: 00:24:05

Description
iTunes Summary

What does a popped housing bubble actually look like in cities with limited supply? What would it do to homeowners who have their life savings in their property? And what would it mean to those who currently feel like they will never be able to own a home in these cities?

GUEST: Ari Altstedter, Reporter at Bloomberg News

We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:

Through email at hello@thebigstorypodcast.ca

Or by calling 416-935-5935 and leaving us a voicemail

Or @thebigstoryfpn on Twitter

Last week, a Swiss bank's annual ranking put Toronto No. 1 and Vancouver No. 6 on its list of the world's top housing bubbles. And although both cities have seen home prices decline this year, it's nowhere near close to matching their recent gains. So ... is this really a bubble, or will we not know until, oops, it pops? What does a popped housing bubble actually look like in cities with limited supply? What would it do to homeowners who have their life savings in their property? And what would it mean to those who currently feel like they will never be able to own a home in these cities? GUEST: Ari Altstedter, Reporter at Bloomberg News