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Canada's Economic Shift: Falling GDP, Immigration, and Interest Rates – What It Means for Housing

Living In Vancouver
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Canada's Economic Shift: Falling GDP, Immigration, and Interest Rates – What It Means for Housing

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Ai Summary

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.

Video Length
24:23
The Hook
Bank of Canada interest rates dropping, Canadian immigration targets dropping, employment rate dropping, GDP flat, but really it's dropping. Kind of feels like Canada is in a bit of a tailspin, so we are going to dive into all of these.
😨
Fear
🔍
Curiosity
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Authority
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Post your real estate or economic questions in the comments for next week’s episode.

Power Words
Inflation
Wealth
Homeownership
Tailspin
Confidence