In this week’s episode, we discuss the Bank of Canada’s quarter point rate cut and what it means for variable and fixed mortgages. We break down why celebrating lower rates can be misleading if the economy is struggling, and why understanding the risks of variable rates is critical. We also cover Ottawa’s Housing Action Plan, how deferring development charges could accelerate new projects, and the impact of the Candice Greener Homes loan program ending for many homeowners.
00:00 Intro
00:54 New Sponsor: Easy Neon Signs
02:48 Discussion on Variable vs Fixed Rate Mortgages
06:07 How Lower Rates Impact Your Variable Rate Mortgage
07:30 Why Are Bonds Going Up?
09:07 Are We Looking At Stagflation?
12:06 Understanding Variable vs Fixed Rates
14:42 Rates Can Go Up Really Fast Also
17:32 Ottawa's Housing Action Plan
26:54 The End of the Greener Homes Loan Program
29:04 Mood Boosts
Get in touch with us!
Paul Stevenson - Mortgage Agent Level 2
CENTUM Financial Services LP
Email: paul@paulstevenson.ca
Phone: 1-613-263-4543
https://www.paulstevenson.ca
David Warren - Mortgage Agent Level 2
Referral Mortgages
Email: david@referralmortgages.com
Phone: 1-613-686-6003
https://www.referralmortgages.com
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If you have a question or topic you'd like to hear us discuss send us an email at: theottawarealestatepodcast@gmail.com or leave us a comment below!
New Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com
Brought to you by Referral Mortgages, PaulStevenson.ca, Guertin/Poirier Avocates Lawyers, CENTUM, BIG - Billyard Insurance Group and Easy Neon Signs.
https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).
