The Millennial Moron Guide to Canadian Real Estate

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.