Episode 81:Home Prices Fell… But Canada Is Still Unaffordable

Send us Fan MailIn Episode 81 of The Canadian Mortgage Show, Alex Pang and Alex Shanks break down why mortgage rates in Canada moved higher again, why rate exceptions are disappearing, and why buyers should not rush into a purchase just to chase a temporary rate hold.They also unpack Ontario’s expanded HST rebate on new builds, why it likely will not move the needle on affordability, and what it means that Canadian home prices are now negative on a five-year basis for the first time since the 1990s.Beyond housing, this episode looks at federal job cuts, failures in Canada’s international student program, youth unemployment pressure, possible OAS reform, consumer weakness showing up at Dollarama, and why LNG, mining, and major resource projects may be one of Canada’s clearest paths back to growth.They also discuss Chinese EV competition, why North American automakers are struggling in the EV race, and what all of this says about the Canadian economy right now.Topics covered:Mortgage rates rising again in CanadaFixed and variable pricing moving higherWhy rate holds should not force panic buyingOntario’s HST rebate for new homesCanadian home prices negative on a 5-year basisWhy refinancing and switching lenders is getting harderFederal layoffs and weak consumer sentimentImmigration policy failures and youth joblessnessOAS reform and Canada’s deficit problemLNG, mining, and productivity in BCBYD, Lotus, and the Chinese EV threat#CanadaHousing #MortgageRates #CanadianRealEstate #CanadaEconomy #HousingMarket #InterestRates #CanadianMortgagesPodcast 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/