Federal Job Cuts, Rising Mortgage Arrears, and Canada’s Economy

Federal Job Cuts, Rising Mortgage Arrears, and Canada’s Economy In this week’s episode, we discuss how federal public service job cuts could influence Ottawa’s housing market and local economy. We talk about the recent rise in mortgage arrears across Canada and what it reveals about financial stress among homeowners. We also explore slower than expected GDP growth and how these economic signals are shaping real estate activity across Ottawa and the broader Canadian market. We share our thoughts on how job reductions could affect housing demand, local businesses, and financial confidence in the region. We also talk about how homeowners are navigating higher payments, the mortgage options available during financial pressure, and why proactive financial planning is becoming more important across Canada. 00:00 Intro 02:09 Impact of Federal Job Cuts on the Economy 11:53 Mortgage Arrears and Financial Stress 18:34 Canada's GDP and Economic Outlook 27:28 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 Don’t miss your chance to win a glowing 20” x 10” neon sign, sign up today!https://forms.gle/GBbq9ZrhK2k8Avgv5 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 and Easy Neon Signs Canada. https://www.referralmortgages.com/ https://paulstevenson.ca/ https://guertinpoirierlaw.ca/ https://www.centum.ca/ https://www.thebig.ca/ https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).