Episode 77: Canada Housing Downturn Is the Steepest Among Major Economies — What Happens Next?

Send us Fan MailEpisode 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 growthGTA new home sales: only 268 sold in January — the lowest since 1981Why 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 toughCanada’s housing downturn: steepest among major economiesEquifax: incomes up 76% since 2004, but entry-level home prices up 265%Jobs & payroll: no year-over-year payroll employment increase + public sector cutbacksLoblaws expansions, automation, and what it says about jobs + consumer spendingBanks posting healthy profits — and why credit card interest is a bigger issue than most people admitThe difference between being “qualified” vs actually being financially comfortable owning a homeNeed mortgage advice?We’re mortgage brokers and we focus on strategy — not just approvals. Reach out for a review of your renewal, purchase plan, or refinance options.👍 Like, subscribe, and comment your situation (buying / renewing / refinancing) and what city you’re in.Podcast Social Links:Website: https://canadianmortgageshow.com/Instagram: https://www.instagram.com/canadianmortgageshow/Facebook: https://www.facebook.com/canadianmortgageshow/Follow Our Hosts:Alex Pang Tiktok: https://www.tiktok.com/@alexpangmortgage/Instagram: https://www.instagram.com/alexpangmortgage/Alex Shanks Tiktok: https://www.tiktok.com/@mortgagemanagement/Instagram: https://www.instagram.com/alexshanksmortgagemanagement/