The Brutal Truth About Buying A House Right Now
In this week’s episode of the Ottawa Real Estate Podcast, we discuss the impact of US tariffs on construction costs, the rising demand for mortgage insurance, and the ongoing challenges of housing affordability. We also look at key economic indicators and what they reveal about the Canadian market this fall. Join us as we share strategies for navigating today’s market and talk about why timing may not be as important as long-term planning when it comes to buying a home.
00:00 Welcome Back to Real Estate Insights
03:09 Current Market Trends and Economic Indicators
06:00 US Tariffs
08:08 Tariffs and Housing Prices
11:00 Impact of Tariffs on Housing and Construction Costs
13:07 Is a Recession Coming?
17:14 Dropping Home Prices
19:11 Navigating the Real Estate Market: Timing and Strategy
21:24 Is it Time to Start Buying Houses Again?
24:08 Canadian Government's Budget
26:17 Surge in Mortgage Insurance Demand
27:21 Mortgage Insurance Demand and Affordability Challenges
30:07 30 Year vs 25 Year Amortization
30:28 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.
