The Millennial Moron Guide to Canadian Real Estate
Sync or Swim: The Multifamily Growth Show
Release Date: 02/14/2024
Moving2Canada: Unlocking the Newcomer Experience
Sync or Swim: The Multifamily Growth Show
What does it take to build a life in a new country? On this episode of Sync or Swim, host Giacomo Ladas speaks with Stephanie Ford, Head of Content Strategy at Moving2Canada, about the newcomer experience in Canada. Stephanie shares how Moving2Canada grew from a Facebook group into a leading resource for immigration and settlement, and reflects on her own journey from Australia. The conversation covers key housing challenges, from misconceptions about basement suites to differences in rental rules across provinces. Stephanie offers practical advice on preparing documents, avoiding scams, and...
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CRB Program: Raising the Bar for Rental Housing
Sync or Swim: The Multifamily Growth Show
Episode 94: Show Notes How do you know if a building lives up to its claim of being well-maintained, professionally managed, and with a quality-living offering? That’s where the Certified Rental Building Program (CRB Program) comes in. We are joined today by Dilan Cetinkaya, the Director of Certification at the Federation of Rental-Housing Providers of Ontario (FPRO), the leading advocate for strong and stable rental housing and the largest association in Ontario representing those who own, manage, build, finance, service, and supply residential rental homes. At FPRO, Dilan oversees...
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The End of Free Money in the Condo Market
Sync or Swim: The Multifamily Growth Show
Why are condo investors pulling out, and what does it mean for Canada’s housing market? On this episode of Sync or Swim, Steve Saretsky, founder of Saretsky Group and co-host of The Loonie Hour podcast, joins the show to break down the shifting economics behind new housing. Steve explains why pre-construction condo sales have collapsed, how rising rates and falling rents are squeezing investors, and why developers are increasingly pivoting to purpose-built rentals. He also touches on issues like blanket appraisals, distressed buyers, and the long municipal approval timelines holding back...
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Tariffs, Interest Rates, and Canada’s Rental Market
Sync or Swim: The Multifamily Growth Show
Tariffs, Interest Rates, and Canada’s Rental Market In real estate, time is money, and at a time when tariffs are ever-changing, the housing and rental market are even more unpredictable than usual! Today on the Sync or Swim Podcast, we are joined by Tu Nguyen, an economist at RSM Canada, to discuss the recent tariff changes, interest rates, and the Canadian housing market. Tuning in, you’ll hear about how the new US tariffs are going to affect housing development and rent, how Canadian policy and market shifts can lessen the consequences of these tariff changes, how they will...
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Purpose-Built Rental Trends in the GTA
Sync or Swim: The Multifamily Growth Show
Is the GTA housing market oversupplied or just misunderstood? In this episode of Sync or Swim, host Max Steinman takes a deep dive into the purpose-built rental market with industry leaders Chrystal LeBlanc (BGO), Michelle Calloway (Fitzrovia), and Todd Spencer (Park Property Inc.). Together, they explore how their organizations are responding to shifting renter preferences, navigating condo oversupply challenges, and redefining the rental experience in the Greater Toronto Area. Tune in for expert advice on navigating Toronto's rental market, practical strategies for adapting to evolving...
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What CMHC's 2024 Fall Report Means for Canada's Rental Market
Sync or Swim: The Multifamily Growth Show
The Canada Mortgage and Housing Corporation (CMHC) has recently released its annual rental market report, and today, we sit down with its Deputy Chief Economist, Tania Bourassa-Ochoa to discuss what the report means for the future of housing in Canada. We begin with the work of CMHC and who its target market is before diving into its 2024 rental market report. Then, we unpack the recent rise of housing supply, how Montreal is a step ahead, why the number of multifamily units is beginning to match that of studio apartments, and how rent control measures may influence tenant behaviour and...
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Is Toronto Building Enough? Brad Bradford on Housing Supply
Sync or Swim: The Multifamily Growth Show
For most listeners of the show, the housing crisis is a very prominent issue; affecting careers and finances. But it is actually a much bigger conversation for the entire population of the city. Today, we are bringing you a very special episode of the Sync or Swim Podcast: a live recorded interview with Brad Bradford from the Toronto Roadshow! Tuning in, you’ll hear about Brad’s assessment of Toronto’s housing supply, the affordable housing crisis, the problems with old housing policies, and more! We delve into the political nature of housing in Toronto before discussing how to create a...
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Using AI to Predict the Future Cost of Rent
Sync or Swim: The Multifamily Growth Show
Imagine paying $5,600 a month in rent in Toronto by 2032. In this episode, Giacomo Ladas hosts Erkan Yönder, Associate Professor at Concordia’s John Molson School of Business, to unpack this projection and its far-reaching impacts. Using advanced AI models, Erkan’s recent study forecasts steep rental increases in Canada’s largest cities, driven by immigration, high demand, and supply constraints. Surprisingly, even a growing supply hasn’t eased rents due to overwhelming demand, creating an unsustainable market. Erkan and Giacomo explore...
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Inside the Market: A Conversation with Tom Storey
Sync or Swim: The Multifamily Growth Show
The housing market in Canada has done some very surprising things since 2020 and today on the Sync or Swim Podcast, Tom Storey joins us to share his thoughts on the market and tell us all about his podcast, the Tom Storey Show. Tuning in, you’ll hear all about Tom’s career, why he decided to start the Tom Storey Show, how condo prices have changed pre-COVID, why the rise in purpose-built rentals is only going to continue, and so much more! Tom stresses the importance of being educated on the rent-control date and what it means for landlords before telling us that renting in the short term...
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Enhancing Transparency in the Canadian Rental Market
Sync or Swim: The Multifamily Growth Show
Canada’s rental crisis is often oversimplified as a mere supply and demand issue. However, for today’s guest, Weiting Bollu, it became deeply personal after losing over $35,000 to delinquent tenants and navigating Ontario’s complex rental compliance laws. Her experiences led her to recognize the critical need for a transparent and cohesive rental ecosystem that rewards responsible behavior, essential for building a fair and sustainable rental market. Drawing on her extensive background in software product management across various sectors including education, telecommunications,...
info_outlineHousing 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.