The Loonie Hour Immigration Curbs Pushing Rents Lower Across the Country
8 snips
Jul 11, 2025 Falling rents in Canada are catching attention as immigration curbs impact job markets and construction financing. The hosts delve into the intricate relationship between immigration trends and housing prices, revealing a decline in asking rents. They critiqued government policies on foreign buyers and discussed Toronto's significant condo sales downturn, linking it to economic challenges. The conversation also touches on taxation dynamics and strategies to attract wealthy individuals to Canada amid ongoing inflation concerns.
AI Snips
Chapters
Books
Transcript
Episode notes
Immigration Caps Lower Rents
- Declining immigration caps have caused Canadian rents to fall across major cities since early 2023.
- Rent declines are tied to slowing population growth undermining prior rapid demand increases.
Landlords Squeezed by Rent Drop
- Many mom-and-pop landlords who bought condos near peak prices face squeezed cash flow from falling rents and rising mortgage rates.
- This dynamic drives increased listings and further pressure on resale condo markets.
Record Rental Supply Pipeline
- Canada faces record rental housing supply under construction, with 7% of all rental stock being built.
- This oversupply will continue to pressure rents downward through 2025-2026.