Episode 36: The Hidden Housing Time Bomb No One’s Talking About

In this episode, Alex Pang and Alex Shanks break down the latest waves rocking Canada’s economy, housing market, and political scene. From thousands of job losses in Oshawa to tighter immigration caps and ballooning mortgage risks, we unpack what’s happening—and what might hit next. Plus: BC’s fourth credit downgrade, Poilievre’s by-election setup, and the rise of the “Longest Ballot” movement.

Here’s what you’ll learn:

• GM cuts 3,000 jobs in Oshawa, while credit card and auto arrears spike among renters
• Carney plans to cap temp workers and international students below 5% of the population by 2027
• GTA home sales fall 23% in April, listings surge, and condo prices expected to drop another 10%
• Despite rising rates, mortgage defaults stay low—but 80% of Canada’s mortgages sit with Big 7 banks, and amortizations are stretching dangerously
• Business insolvencies are finally declining—but economic anxiety remains high
• BC gets hit with a fourth credit downgrade and tightens enforcement on Airbnb listings
• Municipalities question short-term rental rules as tourism slows and inventory climbs
• Fraser Institute warns Carney’s fiscal path could bring higher debt and future tax hikes
• Pierre Poilievre sets up a by-election in Alberta after MP resigns—6 months before qualifying for a pension
• “The Longest Ballot” movement plans to flood Poilievre’s riding with over 200 candidates
• A riding in Ontario flips to the Liberals by just 29 votes, boosting their minority to 169 seats

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