Episode 77 is a wide-ranging update on Canada’s economy, housing, and mortgage rates — with real talk on what the latest data could mean for buyers, homeowners, and renewals.
We cover:
Canada’s Q4 GDP contraction and what it signals for growth
GTA new home sales: only 268 sold in January — the lowest since 1981
Why fixed mortgage rates have been “leaking lower” (and how to think about locking in)
National Bank: housing affordability improved for 8 straight quarters, but the market is still tough
Canada’s housing downturn: steepest among major economies
Equifax: incomes up 76% since 2004, but entry-level home prices up 265%
Jobs & payroll: no year-over-year payroll employment increase + public sector cutbacks
Loblaws expansions, automation, and what it says about jobs + consumer spending
Banks posting healthy profits — and why credit card interest is a bigger issue than most people admit
The difference between being “qualified” vs actually being financially comfortable owning a home
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