‘The real horror show is in the Toronto condominium space’: Canada’s real estate crisis takes another turn

Ron Butler of Butler Mortgage joins Rudyard Griffiths to discuss Canada’s escalating real estate crisis, as foreclosures reach levels not seen since 2009. He explains how power-of-sale properties are creating new lower-price comparables that drag down neighbourhood values, with the condominium market experiencing a “horror show” of plummeting prices. He explores whether this crisis will spread from condos to single-family homes and examines why the Bank of Canada’s 200 basis point rate cuts have failed to stimulate the market.

You can listen to this episode on Amazon, Apple, and Spotify.