Will the New Budget Proposals Crush the Real Estate Market?

In this week’s episode of the Ottawa Real Estate Podcast, we talk about why Canada’s housing market is frozen despite record demand and how the new Government's budget could change the whole landscape of Canadian Mortgages. We break down the Bank of Canada's latest rate decision, how the upcoming federal election is adding uncertainty, and why construction companies are laying off workers in the middle of a housing crisis. We also cover why it's so important to get pre-approved for a mortgage and not just use an online calculator and the key differences between level one and level two mortgage agents. This is a must-watch if you’re trying to make sense of where things are headed.

00:00 Introduction and Market Overview

02:05 Bank of Canada Rate Announcement and Economic Outlook

08:32 Are we in a lowering rate environment?

10:31 Impact of Federal Election on Real Estate

10:53 Ottawa vs Other Provinces

11:26 Realtor's Rep Agreements

13:39 Current Trends in Construction and Trades

19:06 Increasing the Number of Trades Workers

22:41 Home Buying Process and Mortgage Insights

26:07 Level 2 Mortgage Agents

28:28 Mood Boosts

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