Housing Is Now Crashing: No Rebound For 18 Months Warns Expert | Ron Butler

Summary

Ron Butler, Principal Mortgage Broker, warns that US and Canadian housing markets will continue declining with no rebound for at least 18 months due to elevated mortgage rates, inflationary pressures, and weak demand. He expects the 30-year mortgage rate to exceed 6.7% by year-end, supporting a long position on the corresponding Kalshi prediction contract. He also criticizes Canada's condo bailout, notes population decline, and advises home sellers to act now while buyers wait.

• US 30-year mortgage rate likely to surpass 6.7% by end of 2026
• Canadian housing markets in Ontario and British Columbia will face continued price declines
• Homebuilder activity expected to slow due to higher financing costs
• Canadian condo market suffering from oversupply, with government bailout of developers
• Population decline in Canada undermines housing demand
• Sellers should sell now; buyers should wait for better prices
• Bank of Canada unlikely to raise rates this year despite weak economy