In this week’s episode, we discuss the Bank of Canada’s quarter point rate cut and what it means for variable and fixed mortgages. We break down why celebrating lower rates can be misleading if the economy is struggling, and why understanding the risks of variable rates is critical. We also cover Ottawa’s Housing Action Plan, how deferring development charges could accelerate new projects, and the impact of the Candice Greener Homes loan program ending for many homeowners.

00:00 Intro

00:54 New Sponsor: Easy Neon Signs

02:48 Discussion on Variable vs Fixed Rate Mortgages

06:07 How Lower Rates Impact Your Variable Rate Mortgage

07:30 Why Are Bonds Going Up?

09:07 Are We Looking At Stagflation?

12:06 Understanding Variable vs Fixed Rates

14:42 Rates Can Go Up Really Fast Also

17:32 Ottawa's Housing Action Plan

26:54 The End of the Greener Homes Loan Program

29:04 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

Don’t miss your chance to win a glowing 20” x 10” neon sign, sign up today!

https://forms.gle/GBbq9ZrhK2k8Avgv5

(The winner will be chosen randomly and announced on October 29th)

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, CENTUM, BIG - Billyard Insurance Group and Easy Neon Signs.

https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).