A new 2 percent down payment program sounds like a breakthrough for first time home buyers. But when we look closer, the numbers tell a different story.
This week on the Ottawa Real Estate Podcast, we break down Nova Scotia’s new down payment option and why it may come with higher mortgage rates than many expect. We connect the dots between inflation, housing affordability, and the growing impact of regulatory red tape on Canadian real estate prices.
We also discuss recent inflation data, how it influences mortgage rates across Canada, and why structural housing policies continue to shape home ownership opportunities.
00:00 Intro and Olympic Weekend Recap
02:05 Nova Scotia 2% Down Payment Program
12:05 Impact of Inflation on Canadian Economy
18:29 Impact on Mortgage Rates
20:07 CMHC Study on Housing Affordability
23:58 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
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, Easy Neon Signs and A to Z Cleaning Expert.
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