Canada Just Lost 68,000 Jobs. What Happens to Housing Next?

Artwork for podcast The Ottawa Real Estate Podcast

Episode 277 • 14th October 2026 • The Ottawa Real Estate Podcast • TOREP

00:00:00 00:24:30

Share Episode

Start at

Embed

Download Audio Share to X Share to LinkedIn

Shownotes

More homes are hitting the market, mortgage rates are climbing, and Canada just lost 68,000 jobs in a single month. Could the housing market be heading for a bigger shift?

We break down the latest Canadian real estate trends, including rising housing inventory, home prices, and what the September numbers reveal about where the market could be headed. We also look at why some markets are holding up better than others, even as properties sit unsold and buyers become more cautious.

We discuss the latest Canadian employment numbers, changing expectations for the Bank of Canada, and why fixed mortgage rates are climbing back toward 5%. We also explain why first time homebuyers are facing a very different mortgage market from homeowners renewing their existing mortgages.

Plus, we compare housing conditions across major Canadian cities and explore why Ottawa has remained relatively resilient while markets like Toronto and Vancouver face greater pressure. With economic uncertainty growing, the next few months could reveal a lot about where Canadian real estate is headed.

00:00 Introduction to Ottawa's September Market Data

01:42 September Sales and Supply Overview

03:42 Market Activity and Days on Market

05:19 Price Trends and Regional Differences

07:15 Interest Rates and Mortgage Market Impact

10:07 Economic Indicators and Employment Data

11:05 Canada's Regional Variations and Migration Trends

12:00 Future Outlook and Market Resilience

14:25 Political and Economic Factors Affecting Canada

17:16 It's Not The Same For Every Province

21:48 Conclusion and Key Takeaways

23:05 Mood Boosts