The Ottawa Real Estate Podcast

In just a few days, the market odds of a Bank of Canada rate hike on October 28 went from roughly 35% to 87%, and several of Canada’s big banks changed their forecasts along the way. We break down what triggered the shift, why some forecasters now expect back to back increases, and why choosing between a variable and fixed rate mortgage just got a lot more complicated. We also look at CMHC’s warning that today’s slowdown in new construction could create tomorrow’s housing shortage, what the foreign buyer ban set to expire on January 1 could mean for preconstruction sales, and whether builders are building what families actually want. Plus, we share what local agents told us on an Ottawa open house tour about buyers who love a home and still won’t make an offer, and why some homeowners are pulling their listings instead of dropping the price. We also bring back takeaways from the Mortgage Professionals Canada national conference in Calgary, where AI and a fast changing rate outlook dominated the conversation. 00:00 Introduction and Conference Insights 01:59 Market Predictions and Rate Changes 07:29 Impact of Rate Hikes on Borrowers 11:27 New Construction and Housing Supply Challenges 16:36 Foreign Buyer Ban and Market Dynamics 21:18 Current Buyer Sentiment and Market Trends 22:30 Future Housing Market Outlook 24:06 Mood Boosts Get in touch with us! Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LP Email: [email protected] Phone: 1-613-263-4543 https://www.paulstevenson.ca David Warren - Mortgage Agent Level 2 Referral Mortgages Email: [email protected] 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: [email protected] 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.

More homes are hitting the market, mortgage rates are climbing, and Canada just lost 68,000 jobs in a single month. Could the housing market be heading for a bigger shift? We break down the latest Canadian real estate trends, including rising housing inventory, home prices, and what the September numbers reveal about where the market could be headed. We also look at why some markets are holding up better than others, even as properties sit unsold and buyers become more cautious. We discuss the latest Canadian employment numbers, changing expectations for the Bank of Canada, and why fixed mortgage rates are climbing back toward 5%. We also explain why first time homebuyers are facing a very different mortgage market from homeowners renewing their existing mortgages. Plus, we compare housing conditions across major Canadian cities and explore why Ottawa has remained relatively resilient while markets like Toronto and Vancouver face greater pressure. With economic uncertainty growing, the next few months could reveal a lot about where Canadian real estate is headed. 00:00 Introduction to Ottawa's September Market Data 01:42 September Sales and Supply Overview 03:42 Market Activity and Days on Market 05:19 Price Trends and Regional Differences 07:15 Interest Rates and Mortgage Market Impact 10:07 Economic Indicators and Employment Data 11:05 Canada's Regional Variations and Migration Trends 12:00 Future Outlook and Market Resilience 14:25 Political and Economic Factors Affecting Canada 17:16 It's Not The Same For Every Province 21:48 Conclusion and Key Takeaways 23:05 Mood Boosts Get in touch with us! Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LP Email: [email protected] Phone: 1-613-263-4543 https://www.paulstevenson.ca David Warren - Mortgage Agent Level 2 Referral Mortgages Email: [email protected] 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: [email protected] 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.

Ottawa home prices may be holding relatively steady, but that does not mean the market has bounced back. Buyers are taking their time, sellers are adjusting expectations, and some Ottawa homes are selling for less than their owners paid just a few years ago. This week we have Greg Campbell with us to discuss what he is seeing across Orleans, Barrhaven, Kanata and other Ottawa neighbourhoods, including falling sales volumes, detached home prices, townhouse prices, condo inventory and the growing gap between asking prices and what buyers are actually willing to pay. We also look at why some sellers are choosing not to list at all, how return to work could be shifting demand toward Ottawa's downtown neighbourhoods, and why more complex mortgage files are creating additional challenges for buyers. From self employed income and multiple income sources to unusual down payment situations, lenders are asking more questions and requiring more documentation. 00:13 Intro 00:57 Greg's recent activities and market perspective 01:45 Market mood and seller expectations 03:25 Buyers' and sellers' strategies in a declining market 04:10 Market data and property sale trends in Ottawa 05:31 Ottawa's price stability and neighborhood analysis 07:20 Impact of interest rates and mortgage complexity 08:36 The importance of using knowledgeable Mortgage Brokers 09:41 Consumer confidence and economic outlook 10:10 Predictions for interest rate movements 11:21 Protecting Real Estate Transactions 14:00 Ottawa neighborhood stats and market data 18:05 Market summary and key takeaways 19:37 List to sale price trends and market signals 20:06 Neighborhood migration and market hotspots 21:19 Introduction to secure my offer and mortgage protection 23:12 Details of the deposit bond and its benefits 24:33 Practical application and process of secure my offer 26:23 Mood Boosts Get in touch with us! Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LP Email: [email protected] Phone: 1-613-263-4543 https://www.paulstevenson.ca David Warren - Mortgage Agent Level 2 Referral Mortgages Email: [email protected] Phone: 1-613-686-6003 https://www.referralmortgages.com Greg Campbell - SecureMyOffer/EXP Realty www.securemyoffer.com IG: https://www.instagram.com/securemyoffer/ Email: [email protected] If you have a question or topic you'd like to hear us discuss send us an email at: [email protected] 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.

Mortgage payments are putting more pressure on Canadian homeowners, and the latest numbers show just how many borrowers are feeling it. This week we talk about the rise in financial difficulty, what mortgage renewals are actually looking like, and why the biggest challenge may no longer be rate shock but the monthly payment itself. We also look at where mortgage rates are sitting, what the bond market could signal for fixed rates, and how borrowers are adjusting their amortization and payment strategies as they come up for renewal. With more homeowners becoming conscious of their spending, savings, debt, and mortgage payments, we discuss whether this period could ultimately lead to healthier financial habits. We also cover Ontario's new rental rules, including the reduction in the notice period for unpaid rent and what the changes mean for landlords and tenants. 00:00 Introduction to the episode and guest 01:12 Mortgage Protection Explained 04:52 Mortgage Payment Pressure & Rates 10:41 Renewal Planning & Affordability 14:51 Saving, Budgeting & Mortgage Paydown 19:56 Ontario Rental Rule Changes 22:05 Mood Boosts Get in touch with us! Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LP Email: [email protected] Phone: 1-613-263-4543 https://www.paulstevenson.ca David Warren - Mortgage Agent Level 2 Referral Mortgages Email: [email protected] 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: [email protected] 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.

Canadian mortgage rates are moving higher again, while inflation remains stuck at 3% and uncertainty around tariffs continues to weigh on the economy. This week we look at what is pushing fixed mortgage rates higher and why some borrowers who waited for lower rates are now seeing the opposite happen. We break down the latest Canadian inflation numbers, rising bond yields, slower mortgage borrowing, household debt, and what the Canada US trade situation could mean for future interest rates. We also discuss Ottawa real estate, the current buyer’s market, why some properties are still selling quickly, and why trying to time the bottom on mortgage rates can backfire. 00:00 Current Market Overview 02:49 Interest Rates and Economic Impact 05:49 Borrowing Trends and Consumer Sentiment 08:53 Real Estate Market Dynamics 11:40 Future Rate Predictions and Economic Outlook 13:59 Global Economic Comparisons 16:57 Preparing for Rate Changes 20:00 Mood Boosts Get in touch with us! Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LP Email: [email protected] Phone: 1-613-263-4543 https://www.paulstevenson.ca David Warren - Mortgage Agent Level 2 Referral Mortgages Email: [email protected] 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: [email protected] 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.