Ron Butler

Ron Butler, a prominent mortgage broker and host of the Angry Mortgage Podcast, joins the discussion with Sabrina Maddeaux and Mike Moffatt to dissect the Toronto condo market crisis. He reveals how pre-construction purchases during a speculative boom are leading to significant losses for investors. They explore the ironic housing shortage amid a glut of poorly designed condos and the government's role in potential solutions. The conversation raises critical questions about low-rise housing scarcity and the urgent need for innovative, affordable options for families.

In this discussion, housing experts Ron Butler, Mike Moffatt, and Tyler Meredith dissect the pressing issues within Canada's housing market. Ron Butler expresses grave concerns over market accessibility for average Canadians, while Mike Moffatt emphasizes the economic and political intricacies affecting housing affordability. They tackle the challenges of overbuilding condos, the impact of immigration, and innovative solutions for low-income families. The trio also critiques government policies, advocating for more effective reforms to address the housing crisis.

Ron Butler, a 30-year mortgage veteran and owner of Butler Mortgage, shares his colorful insights on the housing market. He breaks down the advantages of mortgage brokers versus banks and predicts the future of interest rates. The discussion dives into the harsh realities of the housing-affordability crisis, emphasizing the growing divide between homeowners and those struggling to enter the market. Ron also addresses generational shifts in financial attitudes and the rising reliance on parental support for down payments.

Ron Butler, founder of Butler Mortgage and a seasoned commentator on Canadian housing, delves into the troubling state of Canada's condo market. He highlights the surge in developers selling unsold units in bulk to avoid losses, but argues this doesn't stabilize prices. As new rental towers flood the market, both rents and condo values are plummeting. With no new construction on the horizon due to untenable costs and high municipal fees, Butler warns that mortgaged condo owners face ongoing financial struggles.

Ron Butler, an experienced mortgage broker and housing market commentator from Butler Mortgage, joins to dissect Canada’s chilling real estate crisis. He highlights the surge in foreclosures not seen since 2009 and the cascading effect of power-of-sale properties dragging down neighbourhood prices, particularly in the condo market, which he describes as a 'horror show.' Discussion shifts to the disconnect between recent rate cuts by the Bank of Canada and their lack of impact on housing recovery, raising questions about future policies and market direction.