The Ottawa Real Estate Podcast Why Markets Are So Slow To Recover (and Why It Might Be Permanent)
Jul 16, 2025
Explore the curious state of the Canadian real estate market, where job numbers and inflation create uncertainty. Discover the impact of rising divorces on transactions and how consumers are managing financial stress despite market stability. A new digital tool from the CRA aims to combat mortgage fraud, promising better verification practices. Join in for some lighthearted moments as the hosts entertain with jokes while discussing these pressing issues!
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Ottawa Market Balanced and Steady
- The current real estate market in Ottawa is very balanced with no extreme price swings or craziness.
- Multiple offers occur but are outliers; most sales happen close to list price with standard pre-approvals.
Clients Facing Many Divorces
- Paul Stevenson has noticed a rise in clients going through separations and divorces recently.
- He offers experience helping clients navigate real estate aspects in these stressful transitions.
Strong Job Data Delays Rate Cuts
- June job data showed strong gains mostly from part-time jobs, impacting rate cut expectations.
- Bond yields have risen, pushing fixed mortgage rates higher and delaying potential Bank of Canada rate cuts.