Episode 42: Canada’s Condo Market Is Crashing—Is Your Pre-Sale Next?

In this episode, Alex Pang and Alex Shanks break down the storm clouds gathering over Canada’s real estate and economic future. From collapsing condo markets to historic debt levels and controversial government spending—this week pulls no punches.

Here’s what you’ll learn:

• Condo Crisis: Why sales are down 75% in Toronto and 37% in Vancouver—and what it means for future housing supply
• $85B in Real Estate Loans: Why developers are borrowing more than ever from Canadian banks
• Cancelled Projects Skyrocket: Pre-construction units going unsold and lenders pulling out—will your pre-sale survive?
• Record Debt, Record Risk: Household debt-to-income ratios and debt-to-GDP are at all-time highs
• 4.8 Million Homes Needed: CMHC says Canada needs to double its homebuilding pace to restore affordability
• Canadians Crushed by Rent: Nearly 40% of renters spend half their income on rent, many waiting for prices or rates to drop
• Canada Sends $20B to Ukraine while banning gas vehicles by 2035—how does this sit with voters?
• Conservatives Force GC Strategies to Pay Back $64M—and ban them for life from future government contracts
• Canadian Tire Recruiter Fined for charging thousands to foreign workers—again
• BC Updates & Uproar: Layoffs, BC Ferries turning to China, and Vancouver renames a street with an unpronounceable First Nations name

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• Alex Shanks