About this episode

John discusses the state of Canada's economy and housing market with Ben Rabidoux, covering various economic challenges and trends.

In this episode, John sits down with Ben Rabidoux of Edge Realty Analytics for a wide-ranging conversation on the state of Canada's economy and housing market. They start with the macro picture — an economy where headline GDP growth masks a struggling private sector, full-time job losses are at their steepest since the pandemic, and an oil-price-driven inflation shock is forcing the Bank of Canada into an impossible position between hiking rates and protecting a weakening economy. The conversation turns to mounting household financial stress, with consumer insolvencies at levels not seen since 2009, credit card charge-offs at decade highs, and a growing social normalization of mortgage default. In the housing market, Ben makes the case that the single-family segment may be nearing a floor — completions and permits are at multi-decade lows, new listings have peaked, and pent-up demand is building — while the condo market faces a deeper structural reckoning as investor economics remain broken and pre-construction defaults surge. They close with what may be the most counterintuitive story in Canadian housing right now: developers are starting rental units at record levels into a…

People in this episode

Host: John

Guest: Ben Rabidoux

Topics covered

• Canada's economy
• housing market
• financial stress
• consumer insolvencies
• real estate trends
• mortgage default
• rental market

Keywords

• Canada
• housing market
• economy
• financial stress
• mortgage default
• consumer insolvencies
• real estate

Mentioned in this episode

Organizations: Edge Realty Analytics

Places: Canada

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