Episode #271
50% US Tariffs Could Shake Canada’s Economy and Housing Market
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.
