Real Estate minute with Steve-October 16

  Monday, Oct 16, 2023

Market update!

In this video, I'll be giving you an update on the current real estate market.

We have reached a new threshold with over 20,000 units on the market, which hasn't happened since May 2019. I'll show you the difference between the market now and back in 2019 when we had a faster pace.

We'll also discuss the worrisome increase in inventory and the potential impact of higher borrowing costs.

Stay cautious and let's navigate through these changes together.

Chapters

0:00 Introduction

0:48 Market in 2019

1:21 Market in September 2023 

2:19 Bank Watchdog's Report

4:43 Reverse Mortgages

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