Episode 178

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Published on:

22nd May 2024

Ottawa is Killing the Housing Market #ottawarealestate

Is Ottawa killing the Housing Market? In this episode of the Ottawa Real Estate podcast, the hosts discuss various topics related to real estate and taxation in Canada. They touch on the new rule that requires Canadian tenants to withhold 25% of their rent if their landlord is a foreign resident, the impact of the Canadian inflation rate on interest rates, and the increase in capital gains tax. The hosts also talk about the record number of construction workers in Canada and the discrepancy between the number of workers and the actual housing production. They also discuss the recent increase in development charges in Ottawa and its impact on housing affordability.

Key topics discussed in this episode include:


* The new rule requiring Canadian tenants to withhold rent for non-resident landlords

* The impact of the Canadian inflation rate on interest rates

* The increase in capital gains tax and its effect on middle-class individuals

* The record number of construction workers in Canada and the lack of housing production

* The recent increase in development charges in Ottawa and its impact on housing affordability


The Ottawa Real Estate Podcast is sponsored by Guertin Poirier Law and Centum and brought to you by Referral Mortgages, PaulStevenson.ca and The Campbell-Maric Group.


00:00 Introduction

04:02 Inflation is Down

09:07 Tenants Required to Withhold Landlord Taxes

13:36 Vacant Unit Tax Update

16:26 Boomers Take Brunt of Capital Gains Tax Increase

19:59 Construction Workers Not Enough

22:53 City Increases Development Fees

29:38 Mood Boosts and Outro


Get in touch with us!


Paul Stevenson - Mortgage Agent Level 2

Email: paul@paulstevenson.ca

Phone: 1-613-263-4543


David Warren - Referral Mortgages

Email: david@referralmortgages.com


Phone: 1-613-686-6003


Greg Campbell - The Campbell Maric Group

Email: greg@tcmgrealty.ca

Phone: 1-613-614-0179


If you have a question or topic you'd like to hear us discuss send us an email at:

paulgregdave@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, The Campbell-Maric Group, PaulStevenson.ca


https://www.referralmortgages.com/


https://www.paulstevenson.ca


https://www.yourhomeinottawa.ca/

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About the Podcast

The Ottawa Real Estate Podcast
A weekly podcast about Real Estate, Mortgages and whatever else we want to talk about!
Dive into the dynamic world of real estate with "The Ottawa Real Estate Podcast" (TOREP), where your hosts, Greg Campbell from The Campbell-Maric Group at EXP Realty, and seasoned Mortgage Agents Paul Stevenson and David Warren, bring the Ottawa property market to life right in your ears. This isn't just another real estate talk; it's an engaging journey through the highs and lows of buying, selling, and investing, peppered with insider tips, untold stories, and a generous dose of humour.

About your host

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BIGSTUFF Productions Inc.

BIGSTUFF Productions is a Media, Music Publishing, Record company based out of Ottawa ON, Canada focusing on great talent and lots of fun. Working in partnership with musicians, DJ's and extreme entertainers over the years, the move to podcasting has helped transition BSP into the future. Stay tuned for more to come and to hear some great music check out the Facebook page until the website launches Summer 2021.