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Canada’s Massive Shortage of Family-Sized Homes + Is Canada’s Economy About to Get a Lot Worse?

Book a meeting with John to discuss your personal real estate decisions: https://www.movesmartly.com/meetjohn In this week’s episode, John Pasalis talks with Ben Rabidoux, founder of Edge Realty Analytics, which provides data and insights on Canadian housing and economic trends and more in-depth reporting on major metro-level trends in Vancouver and Toronto. Many real estate professionals consider Ben’s monthly research reports a can’t-miss read for good reason. Ben shared his thoughts on why Canada’s economy is in worse shape than what the markets think. He also unpacks the massive shortage of family-sized homes, where he notes that Canada is starting only one new home for every 20 new people moving to Canada. Finally, Ben also discussed how a decline in Canada’s population growth rate and housing starts will impact the housing market in the months and years ahead. 0:00 Intro 2:01 Interest rate outlook 7:30 How the US impacts rates in Canada 9:20 Can households handle higher rates? 14:15 Will Canada's population growth decline? 20:24 How will this impact the rental market 27:44 Canada’s massive shortage of family-sized homes 35:40 What is driving BC's construction boom? 37:22 Blanket appraisals for new condos Contact Us Follow John on X-Twitter @JohnPasalis; Email at: [email protected] Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected] About This Show The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.