FET #63: Is Canada's housing market a glimpse into the future for Australia?

Would you believe that the same stories told in Australian housing debates about a lack of supply were dominant in Toronto, Canada, right up until the bust?I speak with Canadian real estate analyst and broker John Pasalis about how the market has changed in the past few years in Canada—from a speculative mania, to a sudden stop, to a new slow grind. Amongst it all, new apartment construction has plummeted, banks are facing numerous financing risks, and the outlook is soft. We also pick up the importance of the post-COVID immigration boom on the housing story. Find John’s Move Smartly podcast here, and follow him on Twitter here. As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts.Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0Interested in learning more? Fresh Economic Thinking runs in-person and online workshops to help your organisation dig into the economic issues you face and learn powerful insights.Fresh Economic Thinking is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe