What podcasters are saying about Canada, Australia & other developed economies

Summary

In the past 30 days, 5 speakers on 5 finance podcasts discussed Canada, Australia & other developed economies in 14 views. Chorus has followed Canada, Australia & other developed economies since September 25, 2026: 15 views from 6 speakers on 6 shows.

Who talks about it most

• Ron Butler · 6
• Danielle Park · 3
• Arunima Sinha · 3
• James Aitken · 1
• Brij Khurana · 1
• Michael Every · 1

The latest views

Newest first. Every quote is checked against the episode's transcript.

• James Aitken · Aitken Advisors

  Carney's reforms and rising capital inflows will help Canada over time, but housing and labor remain weak.

  Carney is a ruthless pragmatist who has cut public-service friction in Ottawa, cut across-province trade barriers, changed tax rules, and pushed pipelines and infrastructure. Global capital is slowly flowing into Canada for specific opportunities, mainly resources. Aitken says this helps the Canadian economy over time. He cautions that the housing market and labor market are both difficult and that monetary policy has bitten, so the full benefits will take time to show.

  “All of that's great, and it helps the Canadian economy through time. But you've got a difficult housing market, to say the least.”at 57:20

  On The Tape with Danny Moses: James Aitken: It Pays To Shave With Occam's Razor · October 21, 2026

• Ron Butler · Butler Mortgage

  Canadian small condos are the most beaten-up real estate category and will keep under pressure.

  Ron defines the 'dog crate' condo as under about 500 square feet, often 385 to 425, with a poor layout in a weak building. He says these units face enormous pressure from falling prices, rising property tax and condo fees, and higher mortgage rates. Those factors will do more damage to the segment. He calls it the most beaten-up single category of real estate in Canada. He also says the difficulties with tiny condos will last well past the recovery in ground-based homes.

  “They are under enormous pressure and will continue under pressure and higher mortgage rates will just do more damage to that marketplace. It is certainly the most beat up single category of real estate in Canada.”at 17:48

  The David Lin Report: Bond Market Crashes; Your Home Is Next | Ron Butler · October 20, 2026

• Ron Butler · Butler Mortgage

  Ontario and BC landlords face negative cash flow and falling rents; they should sell even at a loss.

  Ron says many rental-property owners in Ontario have negative cash flow while property values fall. Expenses are rising, including property taxes, mortgage rates and condo maintenance fees. Asking rents have fallen for 24 straight months nationally, especially in Ontario and BC. That combination squeezes landlords with no offsetting rent growth. He concludes that owners should sell soon, even at a substantial loss.

  “People better get serious about selling these things even if they're gonna take a substantial loss.”at 19:10

  The David Lin Report: Bond Market Crashes; Your Home Is Next | Ron Butler · October 20, 2026

• Ron Butler · Butler Mortgage

  Canadian forced sales set new comps 8-10% below prior lows, dragging whole regional housing markets lower.

  Ron has tracked court-ordered and power-of-sale foreclosures. He says these sales consistently clear 8-10% below the lowest previous sale, because lenders want the lowest possible bids. Each one creates a new comparable sale for the neighborhood, and the whole region then drops in value. He says this has played out consistently and has gone on for almost a year. Financial pressure has been grinding for a couple of years, so he expects it to last another year or two. This pushes more owners to walk away, feeding the cycle.

  “And yet once that sale takes place, which is, again, 10% lower than the last lowest sale, it creates a whole new set of comps for the neighborhood, and the whole region drops in value.”at 25:02

  The David Lin Report: Bond Market Crashes; Your Home Is Next | Ron Butler · October 20, 2026

• Ron Butler · Butler Mortgage

  Ending Canada's foreign buyer ban won't lift home prices; the buyer demand isn't there.

  Ron says provinces with large foreign-buyer taxes, including BC and Ontario, will not drop them. Those taxes will deter buyers even after the federal ban ends. Foreign demand has also shrunk, because the Chinese property market has collapsed and it was mainly Mainland Chinese buyers before. Buyers also do not want to catch a falling knife. He says there is no line of waiting buyers and virtually no interest, so any idea of an immediate price rise is 'hopium'.

  “Anyone who feels that the end of the federal home buyers ban will cause an immediate upward movement in home prices, we say that those people are smoking the hopium pipe.”at 28:10

  The David Lin Report: Bond Market Crashes; Your Home Is Next | Ron Butler · October 20, 2026

• Ron Butler · Butler Mortgage

  Canadian home prices will plateau through 2027, with single-family and townhomes recovering first.

  Ron says a recovery starts only when prices stop falling. Prices then plateau, perhaps for a year or two, before stabilization and real rebounds. He expects falling prices to continue through all or half of 2027. Recovery requires an end to the trade war, fuller employment, calmer buyer sentiment and some interest-rate relief. Pent-up demand is strongest for ground-based homes, so single-family and townhomes should recover first, then trade-up buyers, with condos lagging. He also cites 2028 as a rough recovery marker.

  “And I see that that will probably continue either through the whole of '27 or through half of twenty seven.”at 32:30

  The David Lin Report: Bond Market Crashes; Your Home Is Next | Ron Butler · October 20, 2026

• Ron Butler · Butler Mortgage

  Ontario's unsold developer condo inventory will clear over the next 12 to 18 months.

  Ron says developers' unsold condo inventory is the most worrisome part of the market. He says that inventory is starting to clear in a way that will eventually stabilize things. The clearing is already visible in Toronto, where family offices and holding groups are buying 20 to 40 unsold preconstruction units at a time and absorbing the developer debt. He expects a similar clearing in Ontario over the next 12 to 18 months. Vancouver has not yet seen the same buying.

  “But we're actually seeing what will eventually be a kind of clearing in the most worrisome inventory of unsold condos by developers. We're probably gonna see a clearing of that in Ontario over the next twelve to eighteen months.”at 36:55

  The David Lin Report: Bond Market Crashes; Your Home Is Next | Ron Butler · October 20, 2026

• Danielle Park · Croft Financial Group

  About 12% of Canadian mortgages face roughly 15% jumps at renewal, and defaults have already doubled.

  Canada's pandemic-era five-year fixed mortgages are resetting. Per the latest Bank of Canada estimate, about 12% of outstanding mortgages are due for renewal over the next twelve months, with roughly a 15% increase in rate. The peak renewal wave was in 2026 and is easing into 2027, but the shock is still ahead. Mortgage defaults have already doubled from 2022 lows, which were historically low because credit was free. Park notes that defaults are the last thing a homeowner wants, so their rise signals real stress. Canadian mortgages are mostly five-year fixed, and early exit typically carries a penalty, which limits refinancing relief.

  “there's still about 12% of outstanding mortgages that are going to be up for renewal and face about a 15% rate increase.”at 27:38

  Thoughtful Money: High Yields To Pull Asset Prices Down | Danielle Park · October 11, 2026

• Danielle Park · Croft Financial Group

  Canadian home prices have further to fall; they are still 35% above 2019 and about 10x income in major cities.

  Canadian home prices have been falling for about four and a half years. Park says that still isn't enough: national average sale prices, though down about 29% in real terms and 20% in nominal terms from the peak, were still around C$668,000 in August and 35% above 2019. Canadian home prices are about 8.9x median household income nationally and about 10x in Toronto and Vancouver, against a historical norm that she considers much lower. Upscale single-family homes north of Toronto are down 30–40%, and some have cut asking prices by half without selling. Sellers are holding listings off the market and carrying costs into another winter. Park concludes that prices must fall further before affordability is restored, even though lower rates could help.

  “So the fact that we in Canada have had falling prices for four and a half years, I think we've still got quite a bit further to go.”at 32:07

  Thoughtful Money: High Yields To Pull Asset Prices Down | Danielle Park · October 11, 2026

• Danielle Park · Croft Financial Group

  Canadian rents are falling as second-home sellers and returning rental supply add stock; more listings expected by spring.

  Second-home owners are finding that properties cost a lot in carrying costs and headaches and no longer earn Airbnb income at the peak of easy money, so they're motivated to sell. Some listings were pulled from the market, but she sees that as rage delisting, not holding, and expects more listings by spring. Short-term rental stock that had been half of some major cities' rental supply is returning to the long-term market, and asking rents nationally are down almost 5%. Buyers are renting instead because it is cheaper. Shelter is a third to 40% of CPI, so falling rents will be disinflationary. Immigration is a smaller factor than thought, since revisions show it held up better, and it affects rents more than home purchases. She expects the Canadian and US adjustment to run a couple more years; Canada's cycle is 4.6 years in, versus 5 to 7 years typical.

  “asking rents in Canada have come off nationally almost 5%. And that's a function of this increase in supply.”at 39:49

  Thoughtful Money: High Yields To Pull Asset Prices Down | Danielle Park · October 11, 2026

• Arunima Sinha · Morgan Stanley

  Canada's medium-term outlook is constructive: capital deepening and tech diffusion can lift potential growth from about 1.5% to 1.75%-2% by the 2030s.

  Morgan Stanley is constructive on Canada's medium-term outlook, arguing near-term trade uncertainty is clouding the opportunity for global investors. Over the next three to four years the growth model can pivot from export-led growth to capital deepening and wider technology diffusion, lifting potential growth from about 1.5% to closer to 1.75%-2% as Canada enters the 2030s. Large capital pipelines are already in place, so the build-out doesn't start from scratch. Near-term constraints (trade, weak productivity, underinvestment) are acknowledged as real.

  “We think that the near term uncertainty around trade is actually clouding the opportunity for global investors.”at 0:49

  Thoughts on the Market (Morgan Stanley): Canada’s Next Growth Phase · October 5, 2026

• Arunima Sinha · Morgan Stanley

  Canada's working-age population will keep rising through 2045 while developed peers shrink, giving it a window to accelerate growth.

  Although near-term population growth is slowing, the longer-run demographic picture is unchanged: Canada's working-age population is projected to rise about 3% by 2035, 5% by 2040 and 6% by 2045, while most developed-economy peers will see shrinking working-age populations. This gives Canada a window through the rest of the 2030s to keep accelerating its growth model.

  “Canadian working age population is going to rise by about 3% by 2035, by 5% by 2040, and 6% by 2045. Meanwhile, most of the developed economy peers are going to see shrinkage in their working age populations.”at 3:27

  Thoughts on the Market (Morgan Stanley): Canada’s Next Growth Phase · October 5, 2026

• Arunima Sinha · Morgan Stanley

  Canada's growth upside hinges on investment broadening beyond concentrated big projects into machinery-intensive, higher-productivity-gain sectors over the next few years.

  Announced capital pipelines are heavily concentrated: utilities, oil and gas, and transportation make up only about 13-14% of gross value added but more than half of announced pipelines, and spending skews toward structures rather than machinery and equipment. The growth upside depends on crowding in private investment into higher-productivity-gain sectors such as finance and information services, and on spreading beyond big projects into machinery-intensive sectors like construction, manufacturing, agriculture and wholesale, where technology adoption is low and productivity gaps are large. Whether that broadening happens is the key test over the next few years.

  “The test for the next few years is going to be whether the investment that's being undertaken in a few sectors spreads beyond the big projects, and it really lifts productivity across the economy.”at 4:02

  Thoughts on the Market (Morgan Stanley): Canada’s Next Growth Phase · October 5, 2026

• Brij Khurana · Wellington Management

  Variable-rate mortgage markets such as Australia's offer better hedged-to-dollar yields than Treasuries or corporates.

  An unconstrained global mandate lets him look abroad for markets where consumption responds quickly to rates. Variable-rate mortgage markets pass policy changes through to spending much faster than the US, where most borrowers locked in low fixed rates. Their federal balance sheets look stronger than the US's, and their curves are steep. Even after hedging back to dollars, these markets offer better yields than Treasuries or corporate bonds. Hikes there would also destroy growth faster, which could rally the back end.

  “We have the luxury now of being able to look abroad, find countries which might have variable rate mortgage markets where the pass through to consumption is very, very quick compared to The US”at 33:41

  Alpha Exchange: Brij Khurana, Fixed Income Portfolio Manager, Wellington · October 1, 2026

• Michael Every · Rabobank

  Canada's pivot away from the US toward Europe makes no economic sense and would carry severe downside risk.

  Canada's high-value industrial exports are deeply integrated with the US, and about 90% of its population lives within a two-hour drive of the border. Its tradable goods are mainly raw materials, which Europe can already buy from Canada without any new trade deal. Europe does not want Canadian cars, trains or jets because it has enough of its own. Disentangling from the US would therefore mean trading more with a block that wants only Canada's raw materials. Michael adds that the US would not accept a Canada drifting toward China or Europe with an open, undefended border, so the downside tail risk is staggering and the upside is unclear.

  “Europe can buy those raw materials from Canada right now. There's no need to have any kind of new trading relationship... Europe does not want to buy Canadian cars. Europe does not want to buy Canadian trains.”at 13:38

  MacroVoices: MacroVoices #551 Michael Every: Decoding The Global Geopolitical Puzzle (Part 2) · September 25, 2026