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Move Smartly: The PodcastAuthor: Move Smartly
The Move Smartly podcast invites you into data-driven conversations about issues impacting residential real estate in Toronto, across Canada and beyond. Join broker John Pasalis and other experts as we unpack real estate through a variety of timely market updates, lively discussions and insightful interviews. Here to help you make more informed decisions, whether you are a home buyer, seller, owner or renter, and as a resident and voter because real estate impacts all of us. New episodes on Fridays. Look for our monthly Real Estate Roundtable with Steve Saretsky (The Loonie Hour Podcast) and Ben Rabidoux (Edge Realty Analytics). Language: en Genres: Business, Business News, Investing, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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When the Equity Runs Out: Why More Homeowners Are Going Broke
Tuesday, 3 November, 2026
For fifteen years, Ontario homeowners in financial trouble had a way out. They could refinance, borrow against the house, or sell into a rising market. That way out is closing. In 2022, about one in sixty people who filed for insolvency with Doug Hoyes's firm owned a home. Today it's one in nine. The equity behind those homes has collapsed. In 2021, the typical homeowner filing a consumer proposal with his firm held $154,000 in equity. This year it's $20,000, and nearly one in four owe more than the house is worth. Doug is a Licensed Insolvency Trustee who has been tracking homeowner filings since 1999. We get into what's behind the collapse: falling prices, or a wave of 2021–22 buyers with thin down payments now hitting renewal. We also cover why more Ontarians are going straight to bankruptcy, what his model says about the year ahead, and what to do if you're covering the gap with credit. Doug hosts Debt Free in 30, a podcast and YouTube show on personal debt and how to get out of it. Find it wherever you listen, or at hoyes.com.
