The Loonie Hour The Canadian Housing Bust- w/ Ben Rabidoux | Loonie Hour Road Trip Episode 192
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Jun 13, 2025 Join housing analyst Ben Rabidoux, known for his sharp insights and controversial past, as he dissects Canada's real estate turmoil. He reveals the fallout from a massive mortgage fraud scandal and discusses factors threatening the housing market, such as rising interest rates and declining buyer confidence. Ben explores the impact on construction jobs and the urgent need for policies that aid young people grappling with housing affordability. Buckle up for a data-driven thrill ride through Canada's changing economic landscape!
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Mixed Signals in Labor Market
- The labor market shows mixed signals with some reports indicating softness and others worse conditions.
- Ben Rabidoux believes the Bank of Canada should have cut rates due to this labor market weakening.
Population Growth Overstated
- Canada's population growth is overstated when considering temporary residents due to churn in admissions.
- Rental market softness and falling occupancy indicate slower real population growth than some reports suggest.
Labor Market Data Technicalities
- Stats Canada overestimates population growth leading to inflated labor force survey employment and unemployment rates.
- Payroll data indicates a much weaker employment situation than the labor force survey.