Why Are Fixed Mortgage Rates Rising While Canada Loses Jobs?
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Why Are Fixed Mortgage Rates Rising While Canada Loses Jobs?
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Fixed mortgage rates are climbing, Canada has shed 110,000 jobs in two months, and GTA pre-construction condo sales fell to just 50 units in Q2.
Urban 411 launches with the stories shaping Canadian real estate heading into 2027. Host Brandon Reay is joined by Johnder Perez of REMAX Hallmark to unpack September's TRREB numbers, Ottawa's surge in new listings, and why bond yields, not the Bank of Canada, are pushing borrowing costs higher.
They dig into the rise of the three-year fixed mortgage, the collapse of pre-construction condo demand, and whether today's cancelled projects set up tomorrow's housing shortage.
Plus, the first WTF of the Week. For realtors and informed consumers who want Canadian real estate news explained beyond the headlines, Urban 411 delivers the context, the numbers, and what it means for the market.
Listen For:
01:25 What do September's TRREB and Ottawa housing numbers reveal about the fall market?
11:43 Why are fixed mortgage rates rising while Canada loses jobs?
20:37 Why are more Canadian borrowers choosing three-year fixed mortgages?
23:44 Why did GTA pre-construction condo sales drop to just 50 units?
30:20 Will today's condo cancellations lead to a future housing shortage?
Connect with Johnder Perez, Director of Innovation & Business Development REMAX Hallmark®
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Connect with Brandon Reay, Branch Manager, REMAX Hallmark® Realty Group Brokerage
Website | LinkedIn | Instagram | Email