Are we about to experience a massive recession? Alex McFadyen, also known as the Mortgage Pug, delves into the severe market downturn that saw over $6 trillion wiped off North American stocks. The US administration's firm stance on tariffs under Trump is causing substantial consumer confidence issues, likened only to COVID and the 2008 recession. The episode explores the interconnectedness of these economic shocks with the real estate market, especially in British Columbia, where uncertainty is cooling sales and increasing inventory. Alex discusses the implications of potential interest rate changes, the relationship between tariffs and inflation, and the fragility of the job market. The show also touches on the practical considerations for buyers and sellers in this volatile climate, including the sensitivity of mortgage rates to economic policies and the significance of having a clear budget and holding power.

Alex McFadyen is a seasoned independent mortgage broker with over 14 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

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