Show Notes
Every outlet is calling Jesta's $500M Toronto condo acquisition a recovery story. They're reading it backwards. When institutional money moves at this scale, at this moment, it isn't confidence — it's capitulation. Smart operators don't buy at the bottom because they think the market is turning. They buy because the pain hasn't cleared yet and they can afford to wait until it does. Meanwhile, CMHC delinquencies in the Toronto corridor are up 45% year-over-year. The distress is still live. Jesta knows it. This week, it's me and TK — no guest — breaking down what this deal actually signals, who it's good news for, and who it absolutely isn't.If you're still holding pre-construction, waiting to list, or trying to figure out whether the bottom is in — this is the episode you need to hear before you make a move.👉 Full breakdown, charts, and key takeaways: https://preview.shrubs.me/frankyfrankfort/shrub/the-canadian-real-estate-showIn this episode:Why Jesta's $500M buy is a distress play, not a recovery signalWhat CMHC delinquencies up 45% YoY actually means for the marketThe difference between capitulation money and confidence moneyWhy the pain hasn't cleared — and who's still holding the bagWhat institutional timing tells you about where the bottom really isHow the 'buy distressed, hold to 2030' playbook maps onto the GTA right nowFollow for more real estate insights: We break down what's actually happening in the Canadian market — no fluff, no spin. Me and TK have links on the Canadian Real Estate Show website.
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Description Canada’s real estate crisis has entered a much uglier phase. Scott Terrio, Manager of Consumer Insolvency at Hoyes Michalos, says his firm is busier than at any point in his 17 years in the industry. The biggest problem bringing people through the door? Pre-construction condos. Buyers cannot close. Investors are trapped in underwater properties. Homeowners are protecting their mortgage payments by falling behind on everything else. And because insolvencies are a major lagging indicator, Scott believes this could continue for years. We discuss: - Why pre-construction condos are driving insolvency filings - The warning signs mortgage-default statistics miss - Why people keep unaffordable homes and investment properties - What happens when a condo buyer cannot close - Bankruptcy versus a consumer proposal - Why investment-property mortgages can disqualify someone from a standard consumer proposal - The continuing financial hangover from COVID loans and tax debt - The Simple Investor’s bankruptcy protection - Multiple offers appearing in a supposedly dead housing market - Stelco layoffs and Canada’s losing tariff battle - Carney’s pipeline promises and Canada’s inability to build anything - Immigration, infrastructure and the jobs Canadians were promised Learn more about Scott Terrio and Hoyes Michalos: https://www.hoyes.com/about-hoyes-michalos/bankruptcy-trustees/scott-terrio/ Follow The Canadian Real Estate Show: https://preview.shrubs.me/view-branch/CUKKMLKI Visit DealCore Properties: https://dealcoreproperties.com/ Read The Frankfort Report: https://thefrankfortreport.substack.com/ Read the DealCore Daily Brief: https://preview.shrubs.me/view-branch/WDJTJWTP Book a call with T.K. Butler: https://calendly.com/tk-book/1-on-1 This program is for entertainment and educational purposes only. It is not financial, legal, mortgage or insolvency advice. Tags Canadian real estate, Canada housing market, Canadian housing crisis, Toronto real estate, Toronto condo market, condo crash Canada, pre construction condos, pre construction condo crisis, condo buyers bankruptcy, Canadian insolvencies, consumer insolvency Canada, consumer proposal Canada, bankruptcy Canada, homeowners bankruptcy, mortgage default Canada, underwater mortgage, real estate investors Canada, housing market crash, Toronto housing crash, mortgage renewal crisis, private mortgages Canada, HELOC debt, Simple Investor Ontario, Simple Investor bankruptcy, Scott Terrio, Hoyes Michalos, Darryl Frankfort, TK Butler, The Canadian Real Estate Show, DealCore Properties, Canada debt crisis, Stelco layoffs, Canada US tariffs, Mark Carney pipeline, Canadian economy
Join Darryl Frankfort (Real Estate Developer) and T.K. Butler (Realtor) for The Canadian Real Estate Show.Weekly deep dive into Canadian real estate with a focus on the Greater Toronto Area — markets, investing, development, the economy, government, and technology.A Brampton homeowner just took a staggering $1.3 million loss—but was overpaying at the peak the real mistake, or did they simply wait too long to sell?Darryl and T.K. break down the brutal numbers, why lenders may prefer owners to sell instead of taking possession, and what happens when a mortgage is worth more than the property.Then we examine the crisis surrounding The Simple Investor: missing investor payments, troubled buildings, illiquid condo units and a supposedly “simple” investment model that suddenly looks anything but simple.Plus:- Ontario-backed High Art Capital buys 43 unsold Toronto condos- Are taxpayers financing a bailout for developers?- Why commercial real estate is still attracting serious money- The dangers of guaranteed rents and passive-investment promises- Why waiting for 2022 prices to return could be an expensive mistakeOfficial hub (About, hosts, listen links, AI facts):https://preview.shrubs.me/frankyfrankfort/shrub/the-canadian-real-estate-showWatch / listen:YouTube: https://www.youtube.com/@thecanadianrealestateshowSpotify: https://open.spotify.com/show/3IdhJbcDW4DOQR4PlTKarDApple Podcasts: https://podcasts.apple.com/ca/podcast/the-canadian-real-estate-show/id1522774446Follow:X: https://x.com/canadianREshowInstagram: https://www.instagram.com/thecanadianrealestatesho/TikTok: https://www.tiktok.com/@canadianrealestateshowDealCore Properties: https://dealcoreproperties.com/Sponsored by Shrubs: https://www.shrubs.me/Some characters in this show are AI-generated for comedic and entertainment purposes.---
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