Here's why Canada's 6.8% unemployment rate terrifies the housing market

Get power of sale listings right to your inbox: https://powerofsale.carrd.co/ Canada's Unemployment Rate Jumps Despite Job Gains: What It Means for Real Estate In this episode, we discuss Canada's recent unemployment rate increase to 6.8%, even with the addition of 8,200 jobs. We explore how more people entering the job market can impact unemployment statistics and what this means for the housing market, particularly mortgage arrears and loan defaults. We analyze December's labor force data from Statistics Canada, observing trends in full-time and part-time employment, and sector-specific job changes. Regional employment trends across various provinces and the economic outlook for different age groups are also examined. Join us as we delve into the implications of these labor market trends for real estate and broader economic stability. 00:00 Introduction: Unemployment and Real Estate 00:52 December Job Market Report 03:31 Youth and Older Workers Employment Trends 05:53 Industry-Specific Job Changes 07:39 Regional Employment Insights 09:07 Historical Context and Conclusion Free trial - join my weekly real estate masterminds: https://www.skool.com/realist/about?ref=b8da3671c0794f8298076d38ad304518 Use ai to do your next real estate transaction: https://valery.ca/ Subscribe to Canada's #1 real estate podcast: https://thecanadianinvestorpodcast.com/podcast/the-canadian-real-estate-investor Disclaimer: This video is for informational and educational purposes only. It is not financial advice, legal advice, or professional advice. Do your own research and speak with a licensed professional before making any financial or real estate decisions. #realestate #investing #investment #canada #canadianrealestate #realestateinvesting #realtors #mortgages