The Millennial Moron Guide to Canadian Real Estate

Feb 14, 2024

Housing affordability in Canada is a major concern for anyone hoping to purchase a home amid the current climate of increasing prices. For the same amount as a two-bedroom property in Toronto, prospective home buyers could purchase lake-facing castles in Europe or even entire private islands, according to content creator Millennial Moron, who has noted these absurdities in a series of viral videos. In today’s episode of Sync or Swim, the Millennial Moron himself joins us to share his humorous yet insightful take on the Canadian real estate market, the housing bubble we find ourselves in, the need for more purpose-built rentals, and the impact that rising interest rates are having on mortgages, plus so much more! This conversation not only offers a well-informed perspective and valuable insights, but it also injects some much-needed humour into what many might consider a dire situation. For the Millennial Moron’s guide to Canadian real estate in 20204 and beyond, be sure to tune in today!

 

Key Points From This Episode:

 

• What inspired the Millennial Moron to voice his opinion on the housing industry in Canada.
• Insight into his strategy to use humour to illustrate the serious topic of rising interest rates.
• Canada's housing bubble: how we ended up here and where we're going.
• The need to correct a long-term deficit in purpose-built rentals.
• Why owning property isn’t always better than renting.
• What the cap on international students means for Canada’s housing shortage.
• Millennial Moron’s market predictions for the next 12-18 months.
• Correlations between the situation in Canada and the 2008 mortgage crisis in the US.
• The impact that rising interest rates and inflation are having on mortgages.
• Market sentiment versus cashflow and why the success of Canada’s real estate markets in 2024 hinges on interest rates.