A new 2 percent 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

Get in touch with us!

Paul Stevenson - Mortgage Agent Level 2

CENTUM Financial Services LP

Email: [email protected]

Phone: 1-613-263-4543

https://www.paulstevenson.ca

David Warren - Mortgage Agent Level 2

Referral Mortgages

Email: [email protected]

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: [email protected] 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

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