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Ron Butler, Principal Mortgage Broker at Butler Mortgage and Host of The Angry Mortgage podcast, discusses the outlook for the Canadian real estate market.
*This video was recorded on December 9, 2024
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RON BUTLER:
Butler Mortgage: https://www.butlermortgage.ca/
Angry Mortgage Podcast: https://www.youtube.com/channel/UC8vl-_vvvf7VZcxKPJ-v-Xg
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0:00 - Intro
1:27 - Will Canada become U.S. state?
2:52 - Trade wars and Canada
3:48 - Canadian economy outlook
4:27 - Catastrophic problem in Toronto
8:28 - Canada’s housing index
12:00 - Foreign buyers’ taxes
13:11 - Immigration and housing demand
14:40 - Outlook for housing
15:45 - Housing market disparity in Canada
19:00 - Canadian banks
20:13 - Mortgage rates
21:42 - Bank of Canada
24:25 - AirBnb crackdown
26:17 - Toronto’s bubble
29:00 - Downpayment rules changed