Canada Is Building More Homes… So Why Is Housing Still Broken?

Canada is building a lot of housing — but are we actually building the homes Canadians want to buy? In this episode of The Closing Table, Keith Bagg and Austin Simon break down what’s happening beneath the surface of Canada’s housing market. Rental construction now makes up a massive share of new housing construction, while new condo construction has fallen dramatically. At the same time, first-time buyers are starting to return, move-up buyers are finding opportunities, and many Canadian households are carrying more debt than ever. We get into: 🏗️ Why developers are shifting toward purpose-built rentals 🏢 What’s happening to the condo market in Toronto and Barrie 🏠 Why first-time buyers are starting to come back 📈 Why move-up buyers may have an advantage in a falling market 💳 The growing household debt problem in Canada 💰 Why homeowners are eating away at their equity 🏦 Fixed vs. variable mortgages in today’s economy 📊 Why rising bond yields and inflation could put pressure on mortgage rates 🇨🇦 Why we're still cautiously optimistic about Canada long term The housing market is changing quickly, and the opportunities — and risks — look very different depending on whether you're a first-time buyer, investor, homeowner or someone looking to move up. The Closing Table is a weekly conversation about Canadian real estate, mortgages, the economy, and what we're actually seeing on the ground. Subscribe for a new episode every week.