BMO Chief Economist :: Mortgage Renewals And Dangers In 2025

In this special episode of the Vancouver Life Real Estate Podcast, we welcome Doug Porter, Chief Economist at BMO Financial Group, to provide unparalleled insights into Canada’s economic landscape. With over 30 years of experience and a proven track record as one of the top economic forecasters in North America, Doug shares his expert analysis on the Bank of Canada’s recent rate cut and its potential ripple effects across the economy, financial markets, and the Canadian housing sector.
We dive into hot-button topics like the impact of immigration policy changes on housing affordability, the long-term economic consequences of tariffs, and the evolving lending landscape in Canada. Doug also unpacks how the so-called “mortgage renewal cliff” may not be as alarming as it sounds, highlighting how Canadians are adapting to higher interest rates.
From analyzing regional housing trends-like Vancouver’s surprising resilience compared to Toronto’s cooling condo market-to exploring the broader implications of geopolitical tensions, this episode is packed with actionable insights for homeowners, investors, and anyone curious about Canada’s economic outlook.
Doug’s practical advice for buyers, his predictions for interest rates, and his views on what Canada must do to foster economic stability make this an episode you don’t want to miss. Whether you're planning your next real estate move or simply want to understand the forces shaping Canada’s financial future, this conversation will leave you informed and inspired.
Tune in now and gain a deeper understanding of the market trends that matter most.
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[@TheVancouverLife]

Book A Real Estate Consultation: 📆 calendly.com/thevancouverlife _________________________________ In this special episode of the Vancouver Life Real Estate Podcast, we welcome Doug Porter, Chief Economist at BMO Financial Group, to provide unparalleled insights into Canada’s economic landscape. With over 30 years of experience and a proven track record as one of the top economic forecasters in North America, Doug shares his expert analysis on the Bank of Canada’s recent rate cut and its potential ripple effects across the economy, financial markets, and the Canadian housing sector. We dive into hot-button topics like the impact of immigration policy changes on housing affordability, the long-term economic consequences of tariffs, and the evolving lending landscape in Canada. Doug also unpacks how the so-called “mortgage renewal cliff” may not be as alarming as it sounds, highlighting how Canadians are adapting to higher interest rates. From analyzing regional housing trends-like Vancouver’s surprising resilience compared to Toronto’s cooling condo market-to exploring the broader implications of geopolitical tensions, this episode is packed with actionable insights for homeowners, investors, and anyone curious about Canada’s economic outlook. Doug’s practical advice for buyers, his predictions for interest rates, and his views on what Canada must do to foster economic stability make this an episode you don’t want to miss. Whether you're planning your next real estate move or simply want to understand the forces shaping Canada’s financial future, this conversation will leave you informed and inspired. Tune in now and gain a deeper understanding of the market trends that matter most.

[@kellyhou9594]

Thank you. We really need business people and not politicians to save the economic

[@alexhakimi7642]

Knowledgeable guests 👌🙏

[@surjs3599]

Best video u guys released. Very informative 🎉

[@ryan_thevancouverlife]

Thanks for watching! We definitely wanted to squeeze maximum value from this one. Doug Porter is an ace.

[@TheVancouverLife]

Really appreciate your feedback! We definitely enjoyed this one too.

[@maryma5044]

Knowledgeable guests

[@maryma5044]

Best video u guys released. Very informative , great questions hosts asked, bravo

[@ryan_thevancouverlife]

Thanks for watching!

[@TheVancouverLife]

Thank you so much! We're truly grateful for your kind words and thrilled to know that you found value in the episode. It's always rewarding to hear that our content resonates and provides meaningful insights!

[@jazzfreak5000]

Excellent video you guys! Thank you for all the interesting questions and info 🎉❤

[@TheVancouverLife]

Our pleasure, thanks so much for watching!

[@ougmass]

Your economist is discounting immigration as a growth factor that would normally be contributing to the supply , and consumer sides of the economy, including housing shortage. However, that available manpower from immigration was unable to contribute to the supply , due to the red tape of municipal urban planning unjustifiable restrictions of all strips. Secondly, secondly, your economist stated, that the population reduction would only affect growth insignificantly, adding that we may need population growth 5 or even 10 years down the road, so, who will be available to fill the labor and trade workers to build the thousands of homes within those 5 or 10 years, those jobs require hiring, and training time. You can not just wait 5 or 10 years, then push the button, then houses start comming out as a French baguette.

[@ediddysmith2500]

I would like to know why the bank of Canada is NOT buying gold ,when every other country around the world is? So Canada being bankrupt doesn't bother you, shameful.

[@socialmedia-x8e]

The government will start buying shitcoins and get rugpulled.

[@Singsongventure]

President Trump not mister

[@jonathanpuigvert7468]

I guess you didn't get the memo that the true president is all the billionaires bribing Trump.

[@jsccs1]

Dump Truck Donnie, not president.

[@sandeepreddygdk2621]

Yes president for US not 🌍

[@jazzfreak5000]

Nobody cares

[@DummMoney-rr1fi]

@@jazzfreak5000 I care, my stash of USD and gold will take my net worth higher. Not to mention PLTR holdings

[@DummMoney-rr1fi]

Fun times. Tariffs will cause the CDN peso to decline. Helicopter money will start very soon, thanks to our lefty politicians. Thanks to Ravi and his policies, the supply of new homes will continue to decline. Interest rates will go much lower. The result will be higher prices, more demand for all suitable real estate in BC, and a bigger gap between the haves and have-nots in BC. Very sad.

[@TheVancouverLife]

You're absolutely right-these dynamics are creating a perfect storm in the real estate market. The combination of tariffs, reduced new home supply, and declining interest rates will almost certainly fuel demand and drive prices higher, especially in BC. It’s unfortunate how these factors widen the gap between those who can afford property and those who cannot. The lack of meaningful policy to address affordability is deeply concerning and, as you mentioned, exacerbates an already challenging situation. It’s a critical issue that will only become more pressing if these trends continue.

[@GreenBeanGreenBean]

Tariff Tesla 100%, and florida oranges etc. Canada should have been diversifying outside of the USA a long long time ago. BC will be outperforming the rest of the country as they are more diversified and trade with the Asian countries...... it is humorous that the people most exposed to the USA are the ones that will be most affected (energy, autos).... and the ones least exposed (BC) will be net beneficiaries.

[@ryan_thevancouverlife]

@@GreenBeanGreenBean I don't disagree but let's not forget that BC sells a ton of hydro power to California. It's not just oil. BC will likely be the least affected province because we have some diversity. But yes, the Trudeau government could have sold our natural gas to Japan and Germany years ago and as such we would be less exposed AND our competitors wouldn't have the business...

[@DummMoney-rr1fi]

@@GreenBeanGreenBean BC real estate to the moon!! Boom in June!

[@DTrent-uy1wl]

You clowns still pumping and jiving how sad. The Donald is not done with Canada. We retaliated, now he’s really going to tighten the screws we are so going to be toasted oh my goodness