#canadianrealestate #canadianeconomy #realestateagentsSummaryIn this episode, Cortez Ranieri discusses the current state of the Canadian economy and real estate market, focusing on housing affordability, generational perspectives on economic issues, immigration challenges, banking trends, and market predictions. The conversation highlights the increasing rental market, the disparity between owning and renting, and the implications of skilled labor leaving Canada. Cortez also reflects on the future of the real estate market as it heads into the new year.1. Book A Call With Us Here (It's absolutely free) 🏡 👇🏼https://calendly.com/cortezandbrooke2 Other Contact Information 🤝📱 call or text 289-795-5773📧 email: cortezranieri@gmail.com💻 website: https://cortezranieri.caChapters00:00 Introduction to Canadian Economy and Real Estate00:17 Housing Affordability and Rental Market Trends02:54 Generational Perspectives on Economic Issues05:23 High-Skilled Immigrants Leaving Canada06:50 Impact of Big Banks on Mortgage Renewals08:40 Cost Comparison: Renting vs. Buying10:05 Housing Starts in Major Canadian Cities12:05 Market Trends and Predictions for the FutureTakeawaysCanada is seeing a significant increase in purpose-built rental units.Younger Canadians prioritize job security and housing affordability.Highly skilled immigrants are leaving Canada, impacting the economy.Borrowers are trapped in big banks due to rising interest rates.Owning a home is significantly more expensive than renting in the GTA.Montreal is experiencing a surge in housing starts compared to Toronto and Vancouver.Incentives for new homes may indicate overpriced properties.Market predictions suggest falling prices and high inventory in 2026.Sales are not keeping pace with inventory increases.The real estate market is expected to see a spike in activity in the new year.