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Welcome back to Episode 102 of The Canadian Mortgage Show! This week, Alex Shanks and Alex Pang break down the massive shifts happening in the Canadian real estate market and economy. From the age-old debate of choosing a fixed versus variable rate mortgage based on your risk tolerance, to shocking new economic policies, we cover exactly how this affects your wallet.
In this episode, we discuss:
Why July’s CPI increased to 3% and grocery inflation continues to surge at 3.1%.
The strategic debate between 3-year fixed and 5-year variable mortgage rates.
Why single-family home construction in Ontario has completely fallen off a cliff while multi-family permits shoot up.
Nova Scotia’s new program offering 0% tax on the first $50,000 earned for trades workers, film production crews, and nurses under 30.
Mark Carney’s massive $70 billion clean energy investment in Newfoundland.
The scrapping of the federal EV mandate and the looming threat of Trump’s 50% tariff on Canada.
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