Canada's 13 Billion Dollar Housing Initiative - Will It Work?

Canada's 13 Billion Dollar Housing Initiative - Will It Work? This week we break down Canada’s massive $13 billion plan to build 4,000 factory built modular homes on federal land. We explore what this means for affordability, the impact on trades and jobs, and how it connects to Ottawa’s latest housing stats. We also discuss the Bank of Canada’s latest rate cut, fixed vs variable mortgages, and what the August market numbers tell us about where things are heading. 01:37 Inflationary Data 03:39 Are Your Rates Going Down? 10:12 Real Estate Stats for August 17:05 Build Canada Homes Program 18:49 Will Factory Built Housing Impact the Labour Market? 22:26 There's Still No Budget 23:05 Are the New Houses Going to Help Affordability? 29:51 Mood Boosts Don’t Miss Out! Hit LIKE, SUBSCRIBE, and drop a COMMENT with your thoughts on where the market is heading! Get in touch with us! *Paul Stevenson* - Mortgage Agent Level 2 CENTUM Financial Services LP Email: paul@paulstevenson.ca Phone: 1-613-263-4543 https://www.paulstevenson.ca *David Warren* - Mortgage Agent Level 2 Referral Mortgages Email: david@referralmortgages.com Phone: 1-613-686-6003 https://www.referralmortgages.com If you have a question or topic you'd like to hear us discuss send us an email at: theottawarealestatepodcast@gmail.com or leave us a comment below! New Episodes of the podcast are available on Wednesdays at 10AM on all podcast services and at www.theottawarealestatepodcast.com Brought to you by Referral Mortgages, PaulStevenson.ca, Guertin/Poirier Avocates Lawyers, CENTUM, BIG - Billyard Insurance Group. https://www.referralmortgages.com/ https://paulstevenson.ca/ https://guertinpoirierlaw.ca/ https://www.centum.ca/ https://www.thebig.ca/