Are Public Sector Job Cuts About to Shake Ottawa’s Housing Market?
In this week’s episode of the Ottawa Real Estate Podcast, we explore how federal public sector job cuts could impact Ottawa’s real estate market. We break down the latest summer trends and explain why some homes are still moving fast while others sit. We also look at where mortgage rates are headed, how AI is quietly transforming the job market, and how supply chain issues are squeezing smaller builders. Join us for practical insights, market signals, and a few laughs.
00:00 Introduction and Summer Real Estate Trends
01:55 Current Market Dynamics and Pricing Strategies
04:46 Impact of Employment Trends on Real Estate
06:15 Bank of Canada Rate Announcement This Week
06:39 The Liberal Party is Cutting Public Service Jobs
08:52 Interest Rates and Economic Indicators
09:55 The Role of AI in Employment and Efficiency
11:10 Jobs Being Cut
14:13 Is AI Replacing Jobs in the Government?
18:51 Are Rates Expected to Go Up?
22:06 Fixed -vs- Variable Rate Mortgages
28:12 Home Builders and Material Costs
30:42 Mood Boost and Closing Remarks
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.
