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Crisis About to Hit Canadian Real Estate w/ Ron Butler - E39
In this episode, Alex McFadyen welcomes Ron Butler. Ron dives into the ongoing real estate crisis in Toronto and its broader implications for the Canadian market. He discusses the sharp decline in the value of commercial land and multifamily properties, particularly the 50% drop in condo prices over the past 14 months. Ron explores the potential consequences if a significant percentage of pre-sale buyers refuse to close on their purchases, drawing parallels to the 1993 condo market crash. The conversation also touches on inflated housing prices, high mortgage rates, and the economic dynamics…
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