This New Down Payment Plan Could Cost You More

A new 2% down payment program sounds like a breakthrough for first time home buyers. But when we look closer, the numbers tell a different story. This week on the Ottawa Real Estate Podcast, we break down Nova Scotia’s new down payment option and why it may come with higher mortgage rates than many expect. We connect the dots between inflation, housing affordability, and the growing impact of regulatory red tape on Canadian real estate prices. We also discuss recent inflation data, how it influences mortgage rates across Canada, and why structural housing policies continue to shape home ownership opportunities. 00:00 Intro and Olympic Weekend Recap 02:05 Nova Scotia 2% Down Payment Program 12:05 Impact of Inflation on Canadian Economy 18:29 Impact on Mortgage Rates 20:07 CMHC Study on Housing Affordability 23:58 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 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.atozcleaningexpert.com  https://www.easyneonsigns.ca Use code TOREP and get 20% off all your orders. (This is an affiliate link).