EP18 - The Sky-High World of the Canadian Real Estate

#asianPodcast #realEstate #AffordableHomes

In this episode of Pondering Pandaz dives into the perplexing world of the Canadian real estate market. They discuss the exorbitant prices of properties in cities like Vancouver and Toronto, the income disparity, and the struggles of young professionals in affording homes (most don’t). They also examine the impact of rising interest rates, the challenges of obtaining mortgages, and the possibility of a housing market crash. Tune in to gain insights into why real estate in Canada is so expensive and what the future might hold for potential homeowners.

 

00:00 Introduction and Real Estate Banter

02:38 Canadian Real Estate Market Overview

07:37 Comparing Canadian and US Real Estate

11:23 Challenges of Affording Homes in Canada

19:35 Personal Experiences and Reflections

28:32 Understanding Property Value Inflation

29:06 Refinancing and Investment Strategies

30:59 Challenges of Positive Cash Flow

32:57 Impact of Interest Rates on Real Estate

34:48 Real Life Example of Mortgage Struggles

43:08 Potential Housing Market Crash

49:33 Comparing Financial Crises: US vs Canada

54:09 Future of the Real Estate Market

55:26 Conclusion and Final Thoughts