The Canadian housing market shows signs of recovery with five consecutive months of sales gains, but it's not a full-on boom. The Bank of Canada cut interest rates on September 17th from 2.75% to 2.5%, which will provide some relief to variable-rate mortgage holders, with another cut expected on October 29th.

• Rising Supply vs. Modest Sales Growth: While August sales were up 1.1% from July (strongest August since 2021), new listings climbed 2.6% - more than double the pace of sales increase, shifting market power toward buyers.
• Price Stabilization: Home prices are under softening pressure with the national benchmark Home Price Index essentially flat (down 0.1% month-over-month) and 3.4% lower than a year ago.
• Rate Cut Impact: The recent interest rate cut will ease pressure on variable-rate mortgage holders ($15 less per $100K in monthly payments), but won't immediately solve the oversupply issue that's driving market conditions.

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We’re lucky to be joined by Bruce Croxon for a conversation on business, real estate, investing, and entrepreneurship. Bruce co‑founded and grew Lavalife, later selling it for more than US$150 million. He’s a former Dragon on CBC's Dragons' Den, a partner at Round13 Capital, and co‑host of BNN's The Disruptors. A serial entrepreneur and investor, he focuses on scaling Canadian tech startups — and he’s just a great guy. In this episode he shares candid, honest stories about failures, lessons learned, and his entrepreneurial journey.

Thanks to myAbode and Valery for setting this up!

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Canada's economy is facing significant challenges with unemployment rising to 7.1% in August 2025, the highest since 2016 (outside pandemic periods). The economy lost 66,000 jobs in August following 41,000 jobs lost in July. Trade tensions with the US are affecting tariff-exposed sectors, while the housing market shows a fragile recovery amid calls for interest rate cuts.

• Unemployment reached 7.1%, with 66,000 jobs lost in August, particularly in tariff-exposed sectors like manufacturing, transportation, and technical services; youth unemployment is especially high at 14.5%.
• Housing affordability remains challenging despite falling prices (GTA average home price down to $1,022,143 from $1,193,771 in 2022), with the housing cost-to-income ratio deteriorating to 7:1 nationally and 9:1 in Ontario.
• Markets strongly anticipate a Bank of Canada rate cut on September 17th (92% probability), with the policy rate currently at 2.75%, down from 5% in June 2024.

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