Episode notes
BTC Sessions Ep. 079: Housing Crash Exposed, Immigration Crisis & Economy on the Brink | Ben Rabidoux
Canada's private sector is shrinking, homes in Ontario are selling for half their 2021 price, and 525,000 asylum claimants are stuck in a backlog with no real mechanism to remove bad actors. Ben Rabideau has been sounding the alarm since 2021 — and the data is finally catching up.
In this episode, Ben Rabideau — one of Canada's most respected economic analysts — breaks down what the headline GDP numbers are hiding, why consumer confidence is as low as the depths of the 2008 financial crisis, and what the Bank of Canada's next move will hinge on. You'll learn why stripping out public sector employment reveals a deeply negative private sector jobs picture, how Ontario's housing market is producing court-ordered sales at 50 cents on the dollar, and why Ben believes single-family prices may be near a bottom — while rentals have years of decline ahead. You'll also get a clear-eyed look at Canada's asylum system vulnerabilities, the immigration fraud pipeline that ran through colleges like Conestoga, and why an AI policy framework written by an art dealer should concern every Canadian.
⏱️ Timestamps:
0:00 - Intro
1:56 - Technical Recession and Population Decline
2:39 - Ontario BC versus Alberta Economic Split
4:37 - Oil Prices and Alberta Investment Boom
6:06 - Government Policy Well Meaning or Incompetent
10:12 - Immigration Tightening What Has Changed
13:11 - Bank of Canada Rate Cut Binary
15:06 - Stripping Public Sector Jobs Picture
22:10 - Consumer Confidence at Crisis Lows
27:32 - Court Ordered Home Sales at Half Price
32:59 - Boomer Millennial Housing Transfer by 2030s
39:21 - US Housing 30 Year Mortgage Lock In
41:23 - Rising Credit Card and Mortgage Delinquencies
48:10 - Bill C 22 AI and Surveillance Issues
57:29 - Asylum Backlog and Immigration Fraud
1:03:18 - Common Sense Immigration Reforms
1:06:54 - Following Ben Rabideau and Edge Analytics
Links & Resources:
• Ben's Research: www.edgeanalytics.ca - USE PROMO EDGE30 / EDGE330 to drops monthly/annual subscription price to $30/$330
• Ben Rabidoux on X: https://x.com/BenRabidoux
• Joey on X: https://x.com/JoeyTweeets
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Previous Episodes:
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Simon Dixon → https://youtu.be/Aza4GAjQffw
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