Canada's condo market collapse

Ron Butler, founder of Butler Mortgage, discusses Canada's struggling condo market, the trend of developers selling unsold units in bulk to financial firms to avoid distress, and why this fails to stabilize market prices. He ultimately argues that an oversupply of new rental towers and high municipal fees ensure continued price declines, with no new condo construction starts on the horizon due to unworkable economics. The Hub is Canada's fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Want more Hub? Get a FREE 3-month trial membership on us: https://thehub.ca/free-trial/ Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer Elia Gross - Sound Editor Rudyard Griffiths - Host To contact us, sign up for updates, and access transcripts email [email protected] Hosted on Acast. See acast.com/privacy for more information.