Mortgage rates are rising again while Canada’s economy is sending mixed signals, and Ottawa’s housing market just posted a surprisingly sharp drop in sales.
This week we break down the Bank of Canada’s latest rate decision, why inflation, oil prices, tariffs, and weak employment numbers are making future rate cuts harder to predict, and what rising bond yields could mean for fixed mortgage rates. We also look at Ottawa real estate, where August sales fell dramatically even though average home prices remained relatively stable.
We also discuss the growing gap between buyers and sellers, rising inventory, the impact of the federal return to work mandate, new construction and the HST rebate, and RBC’s outlook for Canadian housing through 2026 and 2027.
00:00 Introduction and Market Overview
01:00 Bank of Canada Rate Hold
03:21 Jobs, Inflation & Rate Outlook
05:24 Mortgage Rates & Market Pressures
07:06 Tariffs and Inflation Risks
09:32 August Ottawa Housing Market
12:49 Regional Market Comparison
15:28 Return-to-Office Buyer Shift
17:04 New-Build Rebate Update
20:59 National Housing Outlook
23:06 Mood Boosts
Get in touch with us!
Paul Stevenson - Mortgage Agent Level 2
CENTUM Financial Services LP
Email: [email protected]
Phone: 1-613-263-4543
https://www.paulstevenson.ca
David Warren - Mortgage Agent Level 2
Referral Mortgages
Email: [email protected]
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: [email protected] 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, BIG - Billyard Insurance Group, and A to Z Cleaning Expert.
