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Has Canada's Housing Market Hit Bottom or Just Getting Started?
Description
In this episode, I'm joined by Robert Kavcic, Senior Economist at BMO, to unpack the real state of Canada's economy amid growing public uncertainty.
Despite rising interest rates, global trade tensions, and fears of a looming recession, Canadians are still spending, stock markets are climbing, and unemployment is rising more slowly than expected. So—are we in trouble, or are fears overblown?
We explore the economic crosscurrents shaping 2025, from trade negotiations and tariff threats to what's really driving up mortgage rates. We also dive into Canada's housing market, where psychology has shifted, construction is stalling, and many are wondering whether the market has found its bottom—or if more pain is ahead.