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Canada’s mortgage and housing market is getting harder to read.
In this episode of The Canadian Mortgage Show, Alex Pang and Alex Shanks break down the latest signs of stress in the Canadian economy, including job losses, rising unemployment, youth job struggles, expensive unsold condos, and the growing uncertainty around mortgage rates.
They also discuss why more borrowers are looking at variable-rate mortgages again, why the 3-year fixed mortgage remains a popular middle ground, and why choosing the wrong mortgage product could become expensive if your life plans change.
The biggest warning in this episode? A closer look at the 1% down mortgage program in Steinbach, Manitoba. On paper, it sounds like an affordable path into homeownership. But once you look at the higher interest rate, restrictions, possible hidden costs, and utility concerns, the deal may not be as simple as it seems.
Also covered in this episode:
Canada’s April job losses and rising unemployment
Why youth unemployment is becoming a major concern
Vancouver and Burnaby’s expensive unsold condo inventory
Why companies are buying new condos in bulk and turning them into rentals
The debate between variable rates and 3-year fixed mortgages
Why Quebec remains resistant to pipeline projects
The hidden risks behind “too good to be true” housing offers
If you are renewing your mortgage, buying a home, investing in real estate, or trying to understand where Canada’s housing market is headed, this episode is for you.
Subscribe for more honest conversations about mortgages, real estate, rates, renewals, and the Canadian housing market.
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