Why Markets Are So Slow To Recover (and Why It Might Be Permanent)
In this week’s episode of the Ottawa Real Estate Podcast, we unpack the surprising trends shaping the Canadian real estate market right now. Is the market really balanced, or are we just in a holding pattern? We discuss how strong job numbers (mostly part-time) and sticky inflation are keeping interest rate predictions murky.
We also break down how consumer anxiety is showing up in spending habits, and why so many Canadians are still feeling the pinch despite more stability. Plus, we talk about the CRA's new digital tool to fight mortgage fraud and what it could mean for brokers and buyers alike.
As always, we keep it real, informative, and a little bit entertaining.
00:00 Introduction to Market Trends and AI Tools
01:49 Current Real Estate Market Overview
02:44 Is it a Balanced Market?
04:04 Are Divorces More Common Now?
04:57 Impact of Job Data on Interest Rates
08:18 Inflation and Consumer Spending Insights
10:26 Fixed Rates Are Starting to Rise
11:58 Rent is Going Down
12:52 Financial Stress Among Canadians
22:52 Mortgage Fraud and CRA's New Digital Tool
27:32 Conclusion and Mood Boost Segment
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.
