Angry Mortgage Election RESULTS! | EP. 119
Apr 29, 2025
The recent election results spark passionate reactions, with some celebrating and others devastated. The conversation delves into the rise of young conservatism, driven by economic struggles and housing woes. Ontario’s housing crisis is critically examined, especially with Mayor Chow's freeze on development fees. The shifting real estate landscape raises concerns about market trends and mortgage rates, offering strategic insights for homeowners. Amidst this, humor and honesty surface as the hosts candidly discuss the complexities of aging and caregiving.
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Youth Shift Toward Conservatism
- Younger generations in Canada surprisingly showed a surge in conservatism in the recent election.
- This shift is likely due to economic and housing affordability frustrations post-COVID.
Trump Fear Bolsters Liberals
- Fear of Donald Trump and his policies significantly boosted Liberal support in Canada.
- Mark Carney's presence symbolized stability, helping the Liberals regain trust quickly.
Ontario Housing Price Drop
- Ontario house prices are starting to decline, especially high-end homes.
- Sales are slow and builders are lowering prices substantially to attract buyers.