Episode 42: Canada’s Condo Market Is Crashing—Is Your Pre-Sale Next?

Send us Fan MailIn this episode, Alex Pang and Alex Shanks break down the storm clouds gathering over Canada’s real estate and economic future. From collapsing condo markets to historic debt levels and controversial government spending—this week pulls no punches.Here’s what you’ll learn:Condo Crisis: Why sales are down 75% in Toronto and 37% in Vancouver—and what it means for future housing supply$85B in Real Estate Loans: Why developers are borrowing more than ever from Canadian banksCancelled Projects Skyrocket: Pre-construction units going unsold and lenders pulling out—will your pre-sale survive?Record Debt, Record Risk: Household debt-to-income ratios and debt-to-GDP are at all-time highs4.8 Million Homes Needed: CMHC says Canada needs to double its homebuilding pace to restore affordabilityCanadians Crushed by Rent: Nearly 40% of renters spend half their income on rent, many waiting for prices or rates to dropCanada Sends $20B to Ukraine while banning gas vehicles by 2035—how does this sit with voters?Conservatives Force GC Strategies to Pay Back $64M—and ban them for life from future government contractsCanadian Tire Recruiter Fined for charging thousands to foreign workers—againBC Updates & Uproar: Layoffs, BC Ferries turning to China, and Vancouver renames a street with an unpronounceable First Nations nameFollow Our HostsAlex Pang Alex Shanks