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Ottawa is Killing the Housing Market #ottawarealestate
Manage episode 419627615 series 2865451
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Is Ottawa killing the Housing Market? In this episode of the Ottawa Real Estate podcast, the hosts discuss various topics related to real estate and taxation in Canada. They touch on the new rule that requires Canadian tenants to withhold 25% of their rent if their landlord is a foreign resident, the impact of the Canadian inflation rate on interest rates, and the increase in capital gains tax. The hosts also talk about the record number of construction workers in Canada and the discrepancy between the number of workers and the actual housing production. They also discuss the recent increase in development charges in Ottawa and its impact on housing affordability.
Key topics discussed in this episode include:
* The new rule requiring Canadian tenants to withhold rent for non-resident landlords
* The impact of the Canadian inflation rate on interest rates
* The increase in capital gains tax and its effect on middle-class individuals
* The record number of construction workers in Canada and the lack of housing production
* The recent increase in development charges in Ottawa and its impact on housing affordability
The Ottawa Real Estate Podcast is sponsored by Guertin Poirier Law and Centum and brought to you by Referral Mortgages, PaulStevenson.ca and The Campbell-Maric Group.
00:00 Introduction
04:02 Inflation is Down
09:07 Tenants Required to Withhold Landlord Taxes
13:36 Vacant Unit Tax Update
16:26 Boomers Take Brunt of Capital Gains Tax Increase
19:59 Construction Workers Not Enough
22:53 City Increases Development Fees
29:38 Mood Boosts and Outro
Get in touch with us!
Paul Stevenson - Mortgage Agent Level 2
Email: paul@paulstevenson.ca
Phone: 1-613-263-4543
David Warren - Referral Mortgages
Email: david@referralmortgages.com
Phone: 1-613-686-6003
Greg Campbell - The Campbell Maric Group
Email: greg@tcmgrealty.ca
Phone: 1-613-614-0179
If you have a question or topic you'd like to hear us discuss send us an email at:
paulgregdave@gmail.com 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
Brought to you by Referral Mortgages, The Campbell-Maric Group, PaulStevenson.ca
https://www.referralmortgages.com/
https://www.paulstevenson.ca
https://www.yourhomeinottawa.ca/
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