00:00Cities like Toronto and Vancouver have seen significant real houses.
00:05The global real estate market is showing a very different picture.
00:09Some markets remain expensive, while others are starting to cool.
00:14The biggest pressure right now is affordability.
00:17Higher financing costs are making it harder to be here in Terspensariti to enter expensive housing markets.
00:23UBS says Zurich and Tokyo currently have the highest housing bubble risk.
00:28But other markets are moving in the opposite direction.
00:33Cities like Toronto and Vancouver have seen significant real house price declines, showing how different markets can behave.
00:41And the pressure is not only about house prices. Mortgage costs, rents, construction expenses and household incomes are all affecting
00:50buying decisions.
00:51The global housing story is less about a big boom or crash.
00:55It is now about affordability and how markets respond to higher costs.
00:59Each market finds its own balance.
