Canada's condo market collapse
Description
Ron Butler, founder of Butler Mortgage, discusses Canada's struggling condo market, the trend of developers selling unsold units in bulk to financial firms to avoid distress, and why this fails to stabilize market prices. He ultimately argues that an oversupply of new rental towers and high municipal fees ensure continued price declines, with no new condo construction starts on the horizon due to unworkable economics.
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CREDITS:
Amal Attar-Guzman - Producer
Elia Gross - Sound Editor
Rudyard Griffiths - Host
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