Canada’s economy is facing another major shock, with a potential 50% tariff increase hitting $28 billion in Canadian goods. At the same time, inflation has risen, fixed mortgage rates are climbing, and Canadians are still dealing with a serious affordability problem.

In this episode we talk about what is happening with Ottawa real estate, Canadian housing, mortgage rates, inflation, and the Bank of Canada. We also look at why five year fixed rates have moved into the mid fours, why more borrowers are considering variable mortgages, and what the latest inflation numbers could mean for interest rates.

00:00 Intro

00:47 Late-Summer Market Update

01:10 August Market Conditions

03:24 Fixed vs. Variable Mortgage Rates

06:32 Inflation and Interest-Rate Outlook

11:03 Tariffs, Jobs and Buyer Confidence

17:50 Housing Affordability

21:09 Taxes and Cost of Living

26:02 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

https://www.paulstevenson.ca

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, BIG - Billyard Insurance Group, and A to Z Cleaning Expert.