Are Canadian Mortgage Rates About to Drop Big Time?
This week on the Ottawa Real Estate Podcast, we break down the latest shifts in the Canadian real estate market and what they could mean for homeowners and buyers across the country. We explore the current job market struggles, rising unemployment, and how these economic indicators could push the Bank of Canada toward a rate cut. We also look at the impact of inflation, declining housing starts, and the massive wave of mortgage renewals set to hit Canadians. With fixed mortgage rates expected to drop in the coming months, we discuss what this all means for affordability, household budgets, and future policy decisions. Along the way, we share a few laughs to keep things balanced.
If you’re following Ottawa housing trends or keeping an eye on Canadian mortgage updates, you won’t want to miss this episode.
00:00 Introduction and Weekend Recap
02:13 Current Job Market and Economic Indicators
04:04 Impact of the Economy in Upcoming Bank of Canada Rate Announcements
06:12 Inflation and Interest Rate Predictions
10:23 Fixed Rates and Mortgage Renewals
14:00 Impact of Renewals on the Economy
22:50 Housing Starts and Construction Challenges
26:23 Policy Interventions and Market Corrections
30:01 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
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.
