The Canadian real estate market showed significant recovery in October 2024, with home sales reaching their highest level since April 2022 and we hear from our host across the country for boots on the ground updates

• Market conditions vary by region, with Edmonton and Montreal emerging as the hottest markets while Toronto's condo market faces challenges⁠
• Key highlights:National average home price rose to $696,166, up 6% year-over-year⁠
• Inventory levels dropped to 3.7 months nationally, the lowest in over a year⁠
• Interest rate cuts from Bank of Canada (125 basis points) have helped boost market momentum

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We are joined by Alkarim Devani of RNDSQR & MDDL, to talk all things Missing Middle!

As the co-founder of RNDSQR for almost a decade, Alkarim demonstrated his vision through numerous projects, including hundreds of middle housing developments and mid-rise buildings with heritage restorations, comprising over 200+ units.

In his new role as co-founder and CEO of MDDL, Alkarim is leading efforts to educate, empower, advocate for, and mobilize an ecosystem across Canada to support the development of middle housing in a simplified, transparent, and sustainable manner.

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The breakdown on the most recent CMHC report

• Shorter mortgage terms gain popularity as borrowers anticipate future rate cuts, with over half of new mortgages opting for shorter fixed-rate terms⁠
• Canada faces significant risks with 1.2 million mortgages set to renew in 2025, potentially causing financial stress for homeowners transitioning from historically low rates⁠
• ⁠​Rising delinquency rates in non-mortgage credit products serve as early warning signs of broader financial stress among Canadian households⁠

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