Episode 194

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Published on:

16th Oct 2024

The Ottawa Real Estate Podcast - October 16th 2024

In this comprehensive episode, we dive into the multifaceted impacts of economic shifts on the Canadian market. Paul Stevenson discusses the looming U.S. presidential election and its influence on mortgage rates, with an emphasis on locking in rates amidst price stabilization. We address the alarming rise in income inequality in Canada and its implications on housing affordability, alongside TD Bank's substantial $3 billion fine by U.S. regulators for anti-money laundering failures. The discussion includes warnings from former regulators about potential bank runs and the need for modernized economic policies. Additionally, we explore shifts in Canada's housing policies focusing on insurable refinancing and opportunities to add rental suites. These insights highlight the importance of adapting to economic uncertainties and evolving financial landscapes. Join us for a thorough analysis and share your thoughts!

00:00 Introduction to the Ottawa Real Estate Podcast

01:43 Market Update and Rate Discussion

07:47 Income Inequality in Canada

10:03 TD Bank's Massive Fine

14:55 Preparing for Bank Runs and Collapses

16:40 Bank Runs and Economic Consequences

17:11 Government Interventions and Insurance

17:51 Potential Bank Runs and Lending Disruptions

19:40 Protecting Your Savings

20:24 Canada's Housing Market Shift

21:33 New Mortgage Insurance Rules

26:12 Equity Explained

27:49 Mood Boosts and Closing Remarks



Get in touch with us!


Paul Stevenson - Mortgage Agent Level 2 

Email: paul@paulstevenson.ca 

Phone: 1-613-263-4543

https://www.paulstevenson.ca 


David Warren - Referral Mortgages 

Email: david@referralmortgages.com 

Phone: 1-613-686-6003

https://www.referralmortgages.com/ 


Greg Campbell - The Campbell Maric Group/EXP Realty 

Email: greg@tcmgrealty.ca 

Phone: 1-613-614-0179

https://www.yourhomeinottawa.ca/ 


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, Guertin/Poirier Law, Centum Mortgage



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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.