About this episode

The episode discusses Canada's confirmed recession, its implications for real estate investors, and key economic indicators.

Statistics Canada just confirmed two consecutive quarters of negative annualized GDP. But half the country's economists say it doesn't count, the Prime Minister calls it "settling in," and the Bank of Canada is signaling the next move might be a hike, not a cut. We break down what the print actually said, why gold imports and frozen housing turnover are doing most of the damage, and what every Canadian real estate investor needs to do before the June 10th BoC decision. Inside: the three lenses on whether this is a "real" recession, why fixed mortgage rates have a floor (not a ceiling), and the five things you should NOT do in this market. EDMONTON MULTIPLEX EVENT Try it NordVPN risk-free now with a 30-day money-back guarantee! Use our code "realestate" to get 4 extras months from a 2 years plan Exchange-Traded Funds (ETFs) | BMO Global Asset Management LISTEN AD FREE See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Daniel Foch, Nick Hill

Topics covered

• recession
• real estate investing
• economic indicators
• mortgage rates
• Canadian economy
• Bank of Canada decisions

Keywords

• recession
• GDP
• mortgage rates
• real estate
• Canada
• Bank of Canada
• economic analysis
• gold imports
• housing market

Sponsors

NordVPN

Mentioned in this episode

Organizations: Statistics Canada, Bank of Canada, BMO Global Asset Management

Products: NordVPN, Exchange-Traded Funds (ETFs)

Places: Canada

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