Real Estate Analyst Has Bad News For EVERY Canadian! with Ben Rabidoux

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Signs continue to point to the fact that Ontario seems to be reaching a Real Estate bottom.

In this week's episode of The Tom Storey Show, Steve Karrasch and Tom Storey are joined by One of Canada's BEST Real Estate analysts, Ben Rabidoux of Edge Analytics to discuss the the current state of the market.

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👉 https://www.edgeanalytics.ca/storey
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Podcast Chapters

0:00 The Tom Storey Show
0:33 Episode 228 with Ben Rabidoux
1:57 Have we bottomed?
2:10 Why Ontario is starting to tighten
3:47 Cross Canada check in: BC, Alberta, the Prairies, Quebec, Atlantic
5:10 What a housing bottom actually looks like
6:17 Why a sideways market is good news
7:24 "How can this be the bottom when it's still unaffordable?"
8:37 The real driver: new supply has collapsed
9:53 Is there still too much inventory for prices to move?
10:51 Tug of war: no new supply vs. speculators getting flushed out
12:48 The accidental landlord problem
13:37 Is there pent up supply waiting to list?
15:07 Boomers aging out and the next wave of detached listings
15:39 The pent up first time buyer demand nobody is pricing in
16:30 Sponsor: Realty Ninja
17:28 Canada's biggest population cohort will surprise you
19:53 Signs of life in Toronto: a 5% cap rate condo
20:30 Steve's read on the Fraser Valley: no bottom in sight
22:54 The multiplex problem: tearing down what buyers actually want
24:44 Lots of showings, lots of lowball offers
27:19 Which buyers are actually re engaging?
28:58 Why BC is getting hit hardest: tariffs, jobs, land claims
30:19 BC's vanishing single family supply
31:58 The rental wave: 220,000 purpose built units coming
33:47 Rents are now resetting lower
35:00 Why soft rents help first time buyers save a down payment
35:49 Mom and pop vs. institutional landlords, and CMHC's MLI program
38:14 What does 2030 look like?
39:53 No condo completions in the 2030s
40:50 Could the rental wave keep future prices down?
42:46 Millennials, the S&P 500, and the next cycle
44:27 Sponsor: Square One
44:44 The 1989 to 1996 parallel
46:03 Toronto condos: the last segment to bottom
47:32 Condo cap rates vs. bond yields
48:27 When investors come back, and in what order
49:46 BC foreclosures and consumer insolvencies
52:38 Mortgage fraud and new to Canada buyers
56:23 Why BC hasn't bottomed yet
57:33 Counter tariffs and the cost of living
58:58 Fall market outlook: what to watch
1:00:27 Final thoughts for first time buyers
1:01:20 Sentiment as a contrarian signal

AUDIO PODCAST LINKS:
Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd
Apple Podcast: https://podcasts.apple.com/.../the-tom.../id1627632474
Amazon: https://music.amazon.ca/.../the-tom-storey-show-with...?

TOM STOREY
Tom's YouTube Channel: https://www.youtube.com/c/TomStorey/videos
The Storey Team, Royal LePage Signature: https://storeyteam.ca/
Instagram: https://www.instagram.com/thestoreyteam/
FaceBook: https://www.facebook.com/thestoreyteam

STEVE KARRASCH
Steve's YouTube Channel: https://www.youtube.com/c/KarraschRealProperties/videos
Karrasch Real Properties, Macdonald Realty: https://www.krproperties.ca/
Instagram: https://www.instagram.com/karrasch_real_properties/
FaceBook: https://www.facebook.com/KarraschRealProperties/

The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.