The Wealthy Barber Podcast #21 — Ben Rabidoux: The State of Canada’s Real Estate Market
Jul 15, 2025
Ben Rabidoux, the founder of Edge Realty Analytics, dives deep into Canada’s real estate landscape. He discusses the impending condo market crash and the factors driving the hyper-cyclical nature of this sector. Ben addresses rental market vacancy rates and the influence of HELOCs amid rising interest rates. He also scrutinizes Canada’s leniency towards white-collar crime through the lens of his experience catching a major fraud. With insights on immigration and affordability, this conversation is essential for anyone concerned about Canada’s housing future.
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Exposing Fortress Fraud
- Ben Rabidoux uncovered fraud in Fortress, a company raising money with false guarantees.
- He faced lawsuits but helped expose its collapse and losses of over $400 million for investors.
Canada Soft on White-Collar Crime
- Canada's judicial system is too lenient on white-collar crime, allowing fraudsters to keep ill-gotten gains.
- Unlike the U.S., Canadian courts struggle to seize assets hidden in others' names, prolonging injustice.
Rental Supply Surge Impacts Vacancy
- Canada has nearly 7% of its rental stock under construction, an unusually high figure.
- This surge follows earlier tight rental markets caused by rapid population growth, leading to a likely rise in vacancies.