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Why Are Fixed Mortgage Rates Rising While Canada Loses Jobs?
Fixed mortgage rates are climbing, Canada has shed 110,000 jobs in two months, and GTA pre-construction condo sales fell to just 50 units in Q2.
Urban 411 launches with the stories shaping Canadian real estate heading into 2027. Host Brandon Reay is joined by Johnder Perez of REMAX Hallmark to unpack September's TRREB numbers, Ottawa's surge in new listings, and why bond yields, not the Bank of Canada, are pushing borrowing costs higher.
They dig into the rise of the three-year fixed mortgage, the collapse of pre-construction condo demand, and whether today's cancelled projects set up…
The skinny
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