Canada's Economic Shift: Falling GDP, Immigration, and Interest Rates – What It Means for Housing
This episode breaks down the latest economic indicators in Canada—including interest rate cuts, slowing GDP growth, rising unemployment, and reduced immigration targets—and explores how these shifts are affecting Vancouver's housing market. The hosts explain why lower rates aren’t necessarily good news in the short term, especially as population growth slows and investor confidence weakens. However, the episode ends on a positive note, highlighting that younger Canadians are increasing their net worth through homeownership, especially with family support. The real estate market in Vancouver also saw a surprising spike in sales in October, suggesting buyer activity may be picking up in response to rate changes.
Post your real estate or economic questions in the comments for next week’s episode.