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Welcome to Episode 97 of The Canadian Mortgage Show!
Hosts Alex Pang and Alex Shanks are back to break down the biggest news hitting the Canadian economy and real estate market this week. Whether you are a homeowner, an investor, or just trying to navigate the wild world of Canadian finance, we have you covered.
In this episode, we discuss:
- The Bank of Canada’s recent decision to hold interest rates and why your variable rate shouldn’t be a source of panic.
- June’s inflation data easing to 2.8% thanks to a 10% drop in gas prices.
- Why the Bank of Canada predicts housing will be a severe negative contributor to GDP growth in 2026.
- The reality of the rental market: Alex Pang shares his personal experience dropping his basement rent from $1,600 to $1,350 after two months of vacancy.
- A new KPMG study revealing that 40% of Canadian manufacturers are considering moving production to the U.S. due to taxes and tariffs.
- The geopolitical ripple effects: Canada awards a submarine contract to Germany, leading Korea’s Hyundai to cancel a $3.1 billion hydrogen project in Canada.
- The arrival of Chinese EVs in Canada, ranging from premium $119,000 Lotus SUVs to budget $35,000 Dongfeng commuters.
- Major Canadian media layoffs as Rogers shuts down radio stations across the country.
- Compliance crackdowns: A BC mortgage broker faces $55,000 in penalties, and RBC is fined $4.25 million for consumer violations
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