Why the condo bubble burst could lead to better housing

For more than a decade, Canada’s condo boom was on. Investors, at home and abroad, drove the craze over reselling preconstruction units. Rents skyrocketed, all while the condos themselves shrank in size. Today, the bubble has burst and the housing crisis continues. New condo sales in markets like Toronto and Hamilton are at 35-year lows and prices are driving potential homebuyers out of the city core. Is this actually an opportunity for developers to course correct to find “the missing middle?”Erica Alini, personal economics reporter for The Globe, explains why shoebox condos have been so appealing for North American developers, why the market for them has cratered and what needs to change to build cities with higher density at a liveable scale.Questions? Comments? Ideas? E-mail us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On Tuesday, Finance Minister François-Philippe Champagne tabled the first federal budget from Prime Minister Mark Carney’s government. It had long been advertised as a fiscal plan that would make difficult decisions to put Canada’s economy on the right track.The Globe sent more than a dozen journalists to Ottawa to study the details and assess how transformative this budget actually is. We break down what it says in terms of the deficit, job cuts to the federal public service, defence spending, health care supports, immigration plans and other measures that will affect Canadians.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today, Finance Minister François-Philippe Champagne is set to deliver the first budget under Prime Minister Mark Carney. Early announcements have signalled sweeping cuts to the public sector. There’s no guarantee that the budget will pass, given Carney is presiding over a minority government. The NDP has said they wouldn’t rule out abstaining from the budget vote; for his part, Carney has said he’s ready to fight another election campaign if it comes down to that.But beneath all the politics surrounding the budget are actual policies and plans for the government. It’s the job of the Parliamentary Budget Officer, or PBO, to provide non-partisan analysis of these plans to parliamentarians – does the math add up? Are these predictions sound? Today on the show, Yves Giroux, who was the PBO from 2018 until early September this year, is here to walk us through what to watch for when the budget drops later today.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

North Atlantic right whales are nearing extinction, with fewer than 400 left in the world. We know what is killing them: getting hit by shipping boats, entangled in fishing lines and the impacts of climate change — which is changing the location of their food sources. But now, researchers think that human-made noise in the ocean may be having an effect too.Jenn Thornhill Verma is an environmental journalist who has been reporting on the plight of the North Atlantic right whale as part of her Entangled series for The Globe and Mail, in partnership with the Pulitzer Center’s Ocean Reporting Network. She explains how scientists are starting to understand how these whales communicate and how loud noises we’re making may be driving them closer to extinction.Some of the sounds from today’s episode were provided by Syracuse University, the Woods Hole Oceanographic Institution, the New England Aquarium and NOAA, the National and Atmospheric Administration in the U.S.Underwater animal and environmental sounds courtesy of NOAA (National Oceanic and Atmospheric Administration). Passive Acoustics Group. 2021. Stfr_Multisound_NOAA_PAGroup_01. https://www.fisheries.noaa.gov/national/science-data/sounds-oceanQuestions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On Sunday, most Canadians gain an hour of sleep as the clocks get turned back to standard time. But while most of us have gotten used to the bi-annual time change, our bodies have not. And with a growing number of experts saying the practice messes with our sleep – should Canadians stop messing with the clock?Today, psychology professor Joseph De Koninck is here. He studies sleep at the University of Ottawa, and his recent research looks at how Daylight Savings Time impacts our circadian rhythms, what we can do to minimize the health effects the change has, and why he thinks Canada should consider staying on Standard Time year-round.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Last weekend, Quebec passed new legislation that would impose a new contract on doctors, who have been in negotiations with the provincial government since March, 2023. Known as Bill 2, it sets out targets that Quebec doctors must meet in order to achieve the government’s health care goals, including access to primary care for all Quebeckers by January, 2027.The catch? If doctors don’t meet these targets, they can be penalized by having up to 15 per cent of their pay clawed back.André Picard, Globe health reporter and columnist, is on the show to break down why Bill 2 is drawing controversy, how doctors are responding to it, and what that means for patient care in Quebec.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On Thursday, U.S. President Donald Trump ended trade talks with Canada and threatened to hike tariffs on Canadian imports by another 10 per cent because of Ontario Premier Doug Ford’s anti-tariff ad. Now, Trump says he doesn’t plan to meet with Carney “for a long time”, as both leaders head to Asia for trade summits and turn their attention to repairing trade relations with China.The Globe’s chief political writer, Campbell Clark, joins the show. He’ll explain why Ford’s ad struck such a nerve, the fallout from halted U.S.-Canada trade negotiations, and the stakes for Canada as both Carney and Trump prepare to meet with President Xi Jinping.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

‘Til death do us part – that’s the promise couples make to each other when they tie the knot. But what happens in the event of a divorce? Disentangling a marriage can carry a big financial burden if the division of property, pets and assets are in the mix. Once derided as unromantic, the pre-nuptial agreement is now gaining popularity among young Canadians planning to get married.Mariya Postelnyak, consumer affairs reporter for The Globe, talks about how pre-nups legally work in Canada, what’s included and what isn’t in agreements, and why more couples are navigating the tricky conversation before marriage.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

As Canadians, we’ve spent a lot of time over the past year talking about what it means to be Canadian and how to support our country. For some people, that looks like checking labels at the grocery store or limiting travel to the United States. But as the Globe’s film and deputy arts editor Barry Hertz argues, now is also the moment to bolster Canadian culture.And we’re squandering it.So today, Barry is on the show to talk about the state of the arts in Canada right now (and yes, Quebec is a different story), what the government should be doing differently, and what we stand to lose if we blow this generational opportunity to strengthen Canadian culture.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Toronto Blue Jays are headed to the World Series for the first time in over 30 years. It’s the third time in franchise history that Canada’s team is playing for the championship. But this monumental moment isn’t just for the diehard Jays fans – everyone can get in on the fun.So today, we bring you The Decibel’s bandwagoner’s guide to not feeling totally lost as the Jays try to make history. Producer and lifelong fan Madeleine White will walk us through some baseball 101 – including the lingo, superstitions, weird stats, what makes this season’s team so special, and whether she thinks we’ve got a shot against the Los Angeles Dodgers.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.