Show notes
In this week’s episode of the Ottawa Real Estate Podcast, we talk about why Canada’s housing market is frozen despite record demand and how the new Government's budget could change the whole landscape of Canadian Mortgages. We break down the Bank of Canada's latest rate decision, how the upcoming federal election is adding uncertainty, and why construction companies are laying off workers in the middle of a housing crisis. We also cover why it's so important to get pre-approved for a mortgage and not just use an online calculator and the key differences between level one and level two mortgage agents. This is a must-watch if you’re trying to make sense of where things are headed.00:00 Introduction and Market Overview02:05 Bank of Canada Rate Announcement and Economic Outlook08:32 Are we in a lowering rate environment?10:31 Impact of Federal Election on Real Estate10:53 Ottawa vs Other Provinces11:26 Realtor's Rep Agreements13:39 Current Trends in Construction and Trades19:06 Increasing the Number of Trades Workers22:41 Home Buying Process and Mortgage Insights26:07 Level 2 Mortgage Agents28:28 Mood BoostsGet in touch with us!Paul Stevenson - Mortgage Agent Level 2 CENTUM Financial Services LPEmail: [email protected]: 1-613-263-4543https://www.paulstevenson.caDavid Warren - Mortgage Agent Level 2 Referral MortgagesEmail: [email protected]: 1-613-686-6003 https://www.referralmortgages.comIf 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, CENTUM, BIG - Billyard Insurance Group.