Canada’s economy is facing another major shock, with a potential 50% tariff increase hitting $28 billion in Canadian goods. At the same time, inflation has risen, fixed mortgage rates are climbing, and Canadians are still dealing with a serious affordability problem.
In this episode we talk about what is happening with Ottawa real estate, Canadian housing, mortgage rates, inflation, and the Bank of Canada. We also look at why five year fixed rates have moved into the mid fours, why more borrowers are considering variable mortgages, and what the latest inflation numbers could mean for interest rates.
00:00 Intro
00:47 Late-Summer Market Update
01:10 August Market Conditions
03:24 Fixed vs. Variable Mortgage Rates
06:32 Inflation and Interest-Rate Outlook
11:03 Tariffs, Jobs and Buyer Confidence
17:50 Housing Affordability
21:09 Taxes and Cost of Living
26:02 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.
