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Canada real estate: What the Liberal-NDP deal means for housing

The Liberal and NDP have struck a deal to keep Prime Minister Justin Trudeau’s minority governments in power until 2025.

House prices have doubled in the last six years under Trudeau, as first-time buyers struggle to afford real estate in many parts of the country.

We’ve been getting monthly updates from the ground floor from Realosophy Realty’s John Pasalis and Oakwyn Realty’s Steve Saretsky, who help make sense of it all, with advice for anyone buying or selling a home.

Also See: The latest real estate news for housing prices, mortgage rates, markets, luxury properties and more at Yahoo Finance Canada.

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They told us what the deal means for house prices and where they think Greater Toronto Area and Vancouver housing markets seem to be headed in the coming year.

If you have questions, email them to jessybains@yahoofinance.com and John or Steve will answer them on the next episode.

Jessy Bains is a senior reporter at Yahoo Finance Canada. Follow him on Twitter