The Loonie Hour The Great Debasement Trade Continues
43 snips
Oct 10, 2025 Gold is hitting record highs, serving as a hedge against currency debasement. In Toronto, home prices have plummeted by 25%, raising questions about housing and governmental intervention. Young Canadians are grappling with declining life satisfaction tied to affordability issues. The hosts delve into the implications of bond market shocks on housing debt and intergenerational wealth. With Europe in political turmoil and rising retirement ages, discussions of fiscal pressures and potential growth strategies for Canada provide a thought-provoking landscape.
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GTA Prices Have Fallen 25%
- GTA home prices are down about 25% from the February 2022 peak and inventory remains at record highs.
- The market is likely to keep leaking lower through winter before any typical spring uptick.
New Construction Is Rolling Over
- New housing construction is rolling over in the GTA and under-construction units are declining.
- That accelerates job losses in trades and will depress completions for 12–24 months due to lag effects.
Government Footprint Is Unusually Large
- Government involvement in the economy has expanded dramatically across spending, employment, and revenues.
- Rich Diaz warns Canada already runs high public-sector shares and limited room to expand further.
