September 19, 2025 • 20 mins
The Bank of Canada just cut its key rate for the first time since March—📉 but what does it really mean for Fernie real estate? Join Phil Gadd as he unpacks how this decision affects mortgages, buyer confidence, and local housing trends. Plus, stay tuned for exciting news about his new Koocanusa Village lake house project!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Phil 5.0 (00:09):
The Bank of Canada has, the Bank of Canada has cut.
The Bank of Canada has cut ratesthis week.
Headlines simple ripples.
Huge.
What does this mean for Ferniereal estate?
And stick around for bigKoocanusa news right at the end.
(00:36):
Hey everyone.
I know I've been quiet for abit.
Took a summer breather, butwe're bumping it.
But after bumping into a bunchof you lately and you asking
where's the content, uh, we'vedecided to come back and we're
back with the bang.
So quick heads up before we divein.
The Bank of Canada has just cutits key rate.
(00:56):
This week, and it's one of thosemoments where the headlines
sounds simple, but the rippleeffects are anything.
But today I'm breaking down whatthe rate cut really means, why
the economy is wobbling, andwhat all of this could mean for
you, especially if you live inor are watching the furs
property market.
(01:17):
But more importantly, stickaround to the end of the video
because we've got some reallyexciting news that we're super
pumped to share.
About our own real estateproject.
So here's a short versionupfront.
The Bank of Canada this weektrimmed its policy rate by 25
(01:39):
basis points to 2.5%, the firstcut since March because the
Canadian economy is slowing andinflation pressures have eased.
That's good news for variablerate borrowers.
But the story behind the, butthe story behind the cut is
layered.
And it's definitely worthunpacking.
So why has a Bank of Canada cutrates now?
(02:02):
The labor market has softened.
We are definitely seeing joblosses and rising unemployment.
GDP has pulled back.
Exports especially to the UShave declined sharply.
Uh, business investment is onpause.
Companies are nervous because oftrade policy uncertainty.
Underlying inflation has calledthe headline.
(02:25):
CPI is below the 2% target andcore measures have lost upward
momentum.
Put it all together.
And the Bank of Canada is buyingsome breathing room for
consumers and businesses.
They want to support demandwithout stoking another
inflation surge.
(02:45):
So what does this really mean toyou?
Immediate impact, variablemortgage holders will likely
feel some relief.
First.
Refinancing and variable ratepayments will get cheaper for
homeowner.
For homeowners locked into,fixed five year rates, not so
much.
Fixed rates, move more with thebond yields than with the
(03:07):
overnight rate.
The Bank of Canada, uh, the Bankof Canada's approach is
cautious.
Uh, they didn't promise a stringof future cuts, so we're waiting
on the new data.
So nothing here is guaranteedthe trade backdrop, tariffs and
uncertainty.
Now the wrench in the gears.
(03:28):
Tariffs and trade tensions withthe US are a big reason.
Businesses, tariffs and tradetension with the US are a big,
are a big reason business.
(03:48):
Now the wrench in the gears.
Tariffs and trade tension withthe US are a big reason.
Business confidence is shaky.
Tariffs have hit key.
Tariffs have hit key exportsectors, which feeds into the
GDP drop and the job losseswe've just mentioned.
That uncertainty is why somebusinesses aren't investing
(04:11):
right now and why the Bank ofCanada is being careful about
signaling the future.
It's also why your localeconomy, even in ferny, can feel
the effects.
Few dollars flowing in fromtrade sensitive sectors trickles
down to job spending and localbusinesses.
(04:31):
I am sure you've, I'm sureyou've heard of Warren Buffet
argue that right now stocksoften look easier and more
liquid than property.
Well, he is not wrong.
Real estate takes hands-onmanagement, ongoing maintenance,
and it's far less liquid than,uh, a market order if investment
is what you are looking for inreal estate.
(04:52):
That said, for most people, realestate still checks stock boxes
that said.
For most people, real estatestill checks boxes.
Stocks don't.
It's a long-term hedge againstinflation and critically a way
to put a roof over your head.
It's not an automatic win.
You've gotta treat any realestate investment purchase as a
(05:15):
business when you buy factoringtime costs and local dynamics
and diversity where it makessense.
Remember the old adage.
You usually make money when youbuy, not when you sell.
So getting the pr, so gettingthe price and the timing right
matters more than ever Inmarkets with constant supply
(05:36):
like ferny, those low.
(05:59):
Remember the old adage.
Remember the old adage youusually make.
Your money when you buy, notwhen you sell.
So getting the price and thetiming right matters more than
ever.
Right now, in markets withconstrained supply like Ferny,
those local fundamentals canstill make property a very
sensible part of a balancedplan.
(06:21):
Just go in eyes open.
Housing market outlook, nationalsignals, and the local reality.
Okay, so where does this leavethe housing market?
Right here in Ferny, the ratecut could nudge activity.
(06:42):
Higher buyers who've beenwaiting may step in, but
affordability is still a tight.
Uh, but, but affordability isstill tight.
For real.
Recovery and buyer activityrates need to my opinion, come
down further.
Also, regional differencesmatter.
Some markets will pick up fasterthan others.
And here locally in ferny,remember two things.
(07:05):
Inventory dynamics and demandfor lifestyle properties is
always high.
Ferny historically has limitedsupply and strong demand for
recreational homes or any homes.
Um.
Come to Fernie historically haslimited supply and strong and
(07:30):
strong demand for all types ofhomes.
Not only recreational, uh, thatcon concussion us against big
national swings, but it doesn'tmake us immune from any
downturn.
If rates fail fur, if rates fallfurther, we could see definitely
renewed interest, especially inthe sub$1 million market.
(07:52):
But tariffs and job losses couldtemper that too.
So practical takeaways forbuyers, sellers, and investors.
If you're watching this as abuyer, get your financing lined
up and understand where thevariable will fix.
Fits your risk tolerance.
The benefit of a cut is farfastest on variable rates, so
(08:13):
you might want to look atlocking in a variable rate and
then being able to, so what youmight want to do is go with a
variable rate and if the rateskeep dropping, uh, have a
flexible product where you canlock in at a fixed rate down the
road if you're selling.
(08:36):
This might be a good time tomarket.
Well and price Realistically,buyers are cor, buyers are
cautious, but active where valuelines up.
And if you're an investor, treatreal estate like a business
factory management time, vacancyrisk, and local demand drivers.
Diversity is where it makessense.
(08:57):
So the bottom line, the Bank ofCanada.
The bottom line, the Bank ofCanada rate cut is a supportive
tweak for households, but theeconomy's got some real
headwinds.
The bottom line, the Bank ofCanada rate cut is supportive
(09:20):
tweak for households, but theeconomy has got some real
headwinds, trade uncertainty,weak jobs, and constrained
business investment.
Real estate remains a viablelong-term play for many people,
particularly in places withlimited inventory like Ferny,
but it's not a set and forgettrade.
Do the maths, get good adviceand plan for all different
(09:42):
scenarios.
Okay, so all the boring bit outthe way.
Uh, okay, now for the big news.
(10:04):
Drum roll please.
We've just purchased it.
We have just purchased lotnumber 81 at Koocanusa Village.
Uh, we're right at the top ofthe end of the terrace and we're
super happy with our purchase.
(10:24):
Um, the deal closes this weekand we are planning to kick off
the build straight away.
Uh, so we've already starteddrafting up the plans.
Uh, tomorrow we meet with thebuilder and we'll be documenting
this process every step of theway.
Uh, design meetings with thedraftsman site, fit with site,
(10:46):
visits with the builder,conversations with the developer
and more.
Our plan is to turn our lakehouse.
Project into a series so you canfollow along with the goal of
having the lake house ready fornext summer.
Well, that's the plan anyway, sowe're super excited for you to
be along for the journey.
(11:13):
I, so thanks for listening.
If you want a deeper chat on howthe rate cut affects your
mortgage options or what itcould mean.
For Ferny listings, uh, give mea call or book a strategy
session with the link below.
Don't forget to subscribe, leavea comment with the questions you
want answered next, and sharethis episode with anyone
watching the Ferny Real Estatemarket.
(11:35):
So, until next time, I'm PhilGad.
Stay focused, stay informed, andkeep building your property
mindset.
Okay.
The Bank of Canada has cut ratesthis week.
Headlines simple ripples.
Huge.
What does this mean for Ferniereal estate?
And stick around for bigKoocanusa news right at the end.
(11:57):
Welcome to the Property MindsetPodcast, where we explore
everything real estate, frommarket trends to practical
strategies for success.
Whether you're a buyer orseller, or an inspiring
investor, a seasonedprofessional, or simply someone
who loves real estate, thispodcast is for you.
Hey everyone.
(12:17):
I know I've been quiet for abit.
Took a summer breather, Butafter bumping into a bunch of
you lately and you askingwhere's the content, we've
decided to come back So quickheads up before we dive in.
The Bank of Canada has just cutits key rate.
This week, and it's one of thosemoments where the headlines
sounds simple, but the rippleeffects are anything.
(12:38):
But today I'm breaking down whatthe rate cut really means, why
the economy is wobbling, andwhat all of this could mean for
you, especially if you live inor are watching the furs
property market.
But more importantly, stickaround to the end of the video
because we've got some reallyexciting news about our own real
(13:01):
estate project.
So here's a short versionupfront.
The Bank of Canada this weektrimmed its policy rate by 25
basis points to 2.5%, the firstcut since March because the
Canadian economy is slowing andinflation pressures have eased.
That's good news for variablerate borrowers.
But the story behind the cut islayered.
(13:23):
And it's definitely worthunpacking.
So why has a Bank of Canada cutrates now?
The labor market has softened.
We are definitely seeing joblosses and rising unemployment.
GDP has pulled back.
Exports especially to the UShave declined sharply.
business investment is on pause.
(13:44):
Companies are nervous because oftrade policy uncertainty.
Underlying inflation has calledthe headline.
CPI is below the 2% target andcore measures have lost upward
momentum.
Put it all together.
And the Bank of Canada is buyingsome breathing room for
consumers and businesses.
(14:05):
They want to support demandwithout stoking another
inflation surge.
So what does this really mean toyou?
Immediate impact, variablemortgage holders will likely
feel some relief.
First.
Refinancing and variable ratepayments will get cheaper for
homeowners locked into, fixedfive year rates, not so much.
(14:29):
Fixed rates, move more with thebond yields than with the
overnight rate.
The Bank of Canada, the Bank ofCanada's approach is cautious.
they didn't promise a string offuture cuts, so we're waiting on
the new data.
So nothing here is guaranteedthe trade backdrop, tariffs and
uncertainty.
(14:50):
Now the wrench in the gears.
Tariffs and trade tension withthe US are a big reason.
Business confidence is shaky.
Tariffs have hit key exportsectors, which feeds into the
GDP drop and the job losseswe've just mentioned.
That uncertainty is why somebusinesses aren't investing
right now and why the Bank ofCanada is being careful about
(15:12):
signaling the future.
It's also why your localeconomy, even in ferny, can feel
the effects.
Few dollars flowing in fromtrade sensitive sectors trickles
down to job spending and localbusinesses.
I am sure you've heard of WarrenBuffet argue that right now
stocks often look easier andmore liquid than property.
(15:34):
Well, he is not wrong.
Real estate takes hands-onmanagement, ongoing maintenance,
and it's far less liquid than, amarket order if investment is
what you are looking for in realestate.
that said.
For most people, real estatestill checks boxes.
Stocks don't.
It's a long-term hedge againstinflation and critically a way
(15:56):
to put a roof over your head.
It's not an automatic win.
You've gotta treat any realestate investment purchase as a
business when you buy factoringtime costs and local dynamics
and diversity where it makessense.
Remember the old adage youusually make.
Your money when you buy, notwhen you sell.
(16:17):
So getting the price and thetiming right matters more than
ever.
Right now, in markets withconstrained supply like Ferny,
those local fundamentals canstill make property a very
sensible part of a balancedplan.
Just go in eyes open.
Housing market outlook, nationalsignals, and the local reality.
(16:39):
Okay, so where does this leavethe housing market?
Right here in Ferny, the ratecut could nudge activity.
Higher buyers who've beenwaiting may step in, but
affordability is still tight.
For real.
Recovery and buyer activityrates need to my opinion, come
down further.
Also, regional differencesmatter.
Some markets will pick up fasterthan others.
(17:02):
And here locally in ferny,remember two things.
Inventory dynamics and demandfor lifestyle properties is
always high.
Fernie historically has limitedsupply and strong demand for all
types of homes.
Not only recreational, but itdoesn't make us immune from any
downturn.
(17:23):
if rates fall further, we couldsee definitely renewed interest,
especially in the sub$1 millionmarket.
But tariffs and job losses couldtemper that too.
So practical takeaways forbuyers, sellers, and investors.
If you're watching this as abuyer, get your financing lined
up and understand where thevariable will fix.
(17:45):
Fits your risk tolerance.
The benefit of a cut is farfastest on variable rates, so
what you might want to do is gowith a variable rate and if the
rates keep dropping, have aflexible product where you can
lock in at a fixed rate down theroad if you're selling.
This might be a good time tomarket.
(18:07):
Well and price Realistically,buyers are cautious, but active
where value lines up.
And if you're an investor, treatreal estate like a business
factory management time, vacancyrisk, and local demand drivers.
Diversity is where it makessense.
The bottom line, the Bank ofCanada rate cut is supportive
(18:27):
tweak for households, but theeconomy has got some real
headwinds, trade uncertainty,weak jobs, and constrained
business investment.
Real estate remains a viablelong-term play for many people,
particularly in places withlimited inventory like Ferny,
but it's not a set and forgettrade.
Do the maths, get good adviceand plan for all different
(18:50):
scenarios.
okay, now for the big news.
Drum roll please.
We have just purchased lotnumber 81 at Koocanusa Village.
we're right at the top of theend of the terrace and we're
super happy with our purchase.
the deal closes this week and weare planning to kick off the
(19:12):
build straight away.
we've already started draftingup the plans.
tomorrow we meet with thebuilder and we'll be documenting
this process every step of theway.
design meetings with thedraftsman site, visits with the
builder, conversations with thedeveloper and more.
Our plan is to turn our lakehouse.
(19:33):
Project into a series so you canfollow along with the goal of
having the lake house ready fornext summer.
Well, that's the plan anyway, sowe're super excited for you to
be along for the journey.
So thanks for listening.
If you want a deeper chat on howthe rate cut affects your
mortgage options or what itcould mean.
(19:53):
For Ferny listings, give me acall or book a strategy session
with the link below.
Don't forget to subscribe, leavea comment with the questions you
want answered next, and sharethis episode with anyone
watching the Ferny Real Estatemarket.
So, until next time, I'm PhilGad.
Stay focused, stay informed, andkeep building your property
(20:15):
mindset.
The Bank of Canada has, the Bank of Canada has cut.
The Bank of Canada has cut ratesthis week.
Headlines simple ripples.
Huge.
What does this mean for Ferniereal estate?
And stick around for bigKoocanusa news right at the end.
(00:36):
Hey everyone.
I know I've been quiet for abit.
Took a summer breather, butwe're bumping it.
But after bumping into a bunchof you lately and you asking
where's the content, uh, we'vedecided to come back and we're
back with the bang.
So quick heads up before we divein.
The Bank of Canada has just cutits key rate.
(00:56):
This week, and it's one of thosemoments where the headlines
sounds simple, but the rippleeffects are anything.
But today I'm breaking down whatthe rate cut really means, why
the economy is wobbling, andwhat all of this could mean for
you, especially if you live inor are watching the furs
property market.
(01:17):
But more importantly, stickaround to the end of the video
because we've got some reallyexciting news that we're super
pumped to share.
About our own real estateproject.
So here's a short versionupfront.
The Bank of Canada this weektrimmed its policy rate by 25
(01:39):
basis points to 2.5%, the firstcut since March because the
Canadian economy is slowing andinflation pressures have eased.
That's good news for variablerate borrowers.
But the story behind the, butthe story behind the cut is
layered.
And it's definitely worthunpacking.
So why has a Bank of Canada cutrates now?
(02:02):
The labor market has softened.
We are definitely seeing joblosses and rising unemployment.
GDP has pulled back.
Exports especially to the UShave declined sharply.
Uh, business investment is onpause.
Companies are nervous because oftrade policy uncertainty.
Underlying inflation has calledthe headline.
(02:25):
CPI is below the 2% target andcore measures have lost upward
momentum.
Put it all together.
And the Bank of Canada is buyingsome breathing room for
consumers and businesses.
They want to support demandwithout stoking another
inflation surge.
(02:45):
So what does this really mean toyou?
Immediate impact, variablemortgage holders will likely
feel some relief.
First.
Refinancing and variable ratepayments will get cheaper for
homeowner.
For homeowners locked into,fixed five year rates, not so
much.
Fixed rates, move more with thebond yields than with the
(03:07):
overnight rate.
The Bank of Canada, uh, the Bankof Canada's approach is
cautious.
Uh, they didn't promise a stringof future cuts, so we're waiting
on the new data.
So nothing here is guaranteedthe trade backdrop, tariffs and
uncertainty.
Now the wrench in the gears.
(03:28):
Tariffs and trade tensions withthe US are a big reason.
Businesses, tariffs and tradetension with the US are a big,
are a big reason business.
(03:48):
Now the wrench in the gears.
Tariffs and trade tension withthe US are a big reason.
Business confidence is shaky.
Tariffs have hit key.
Tariffs have hit key exportsectors, which feeds into the
GDP drop and the job losseswe've just mentioned.
That uncertainty is why somebusinesses aren't investing
(04:11):
right now and why the Bank ofCanada is being careful about
signaling the future.
It's also why your localeconomy, even in ferny, can feel
the effects.
Few dollars flowing in fromtrade sensitive sectors trickles
down to job spending and localbusinesses.
(04:31):
I am sure you've, I'm sureyou've heard of Warren Buffet
argue that right now stocksoften look easier and more
liquid than property.
Well, he is not wrong.
Real estate takes hands-onmanagement, ongoing maintenance,
and it's far less liquid than,uh, a market order if investment
is what you are looking for inreal estate.
(04:52):
That said, for most people, realestate still checks stock boxes
that said.
For most people, real estatestill checks boxes.
Stocks don't.
It's a long-term hedge againstinflation and critically a way
to put a roof over your head.
It's not an automatic win.
You've gotta treat any realestate investment purchase as a
(05:15):
business when you buy factoringtime costs and local dynamics
and diversity where it makessense.
Remember the old adage.
You usually make money when youbuy, not when you sell.
So getting the pr, so gettingthe price and the timing right
matters more than ever Inmarkets with constant supply
(05:36):
like ferny, those low.
(05:59):
Remember the old adage.
Remember the old adage youusually make.
Your money when you buy, notwhen you sell.
So getting the price and thetiming right matters more than
ever.
Right now, in markets withconstrained supply like Ferny,
those local fundamentals canstill make property a very
sensible part of a balancedplan.
(06:21):
Just go in eyes open.
Housing market outlook, nationalsignals, and the local reality.
Okay, so where does this leavethe housing market?
Right here in Ferny, the ratecut could nudge activity.
(06:42):
Higher buyers who've beenwaiting may step in, but
affordability is still a tight.
Uh, but, but affordability isstill tight.
For real.
Recovery and buyer activityrates need to my opinion, come
down further.
Also, regional differencesmatter.
Some markets will pick up fasterthan others.
And here locally in ferny,remember two things.
(07:05):
Inventory dynamics and demandfor lifestyle properties is
always high.
Ferny historically has limitedsupply and strong demand for
recreational homes or any homes.
Um.
Come to Fernie historically haslimited supply and strong and
(07:30):
strong demand for all types ofhomes.
Not only recreational, uh, thatcon concussion us against big
national swings, but it doesn'tmake us immune from any
downturn.
If rates fail fur, if rates fallfurther, we could see definitely
renewed interest, especially inthe sub$1 million market.
(07:52):
But tariffs and job losses couldtemper that too.
So practical takeaways forbuyers, sellers, and investors.
If you're watching this as abuyer, get your financing lined
up and understand where thevariable will fix.
Fits your risk tolerance.
The benefit of a cut is farfastest on variable rates, so
(08:13):
you might want to look atlocking in a variable rate and
then being able to, so what youmight want to do is go with a
variable rate and if the rateskeep dropping, uh, have a
flexible product where you canlock in at a fixed rate down the
road if you're selling.
(08:36):
This might be a good time tomarket.
Well and price Realistically,buyers are cor, buyers are
cautious, but active where valuelines up.
And if you're an investor, treatreal estate like a business
factory management time, vacancyrisk, and local demand drivers.
Diversity is where it makessense.
(08:57):
So the bottom line, the Bank ofCanada.
The bottom line, the Bank ofCanada rate cut is a supportive
tweak for households, but theeconomy's got some real
headwinds.
The bottom line, the Bank ofCanada rate cut is supportive
(09:20):
tweak for households, but theeconomy has got some real
headwinds, trade uncertainty,weak jobs, and constrained
business investment.
Real estate remains a viablelong-term play for many people,
particularly in places withlimited inventory like Ferny,
but it's not a set and forgettrade.
Do the maths, get good adviceand plan for all different
(09:42):
scenarios.
Okay, so all the boring bit outthe way.
Uh, okay, now for the big news.
(10:04):
Drum roll please.
We've just purchased it.
We have just purchased lotnumber 81 at Koocanusa Village.
Uh, we're right at the top ofthe end of the terrace and we're
super happy with our purchase.
(10:24):
Um, the deal closes this weekand we are planning to kick off
the build straight away.
Uh, so we've already starteddrafting up the plans.
Uh, tomorrow we meet with thebuilder and we'll be documenting
this process every step of theway.
Uh, design meetings with thedraftsman site, fit with site,
(10:46):
visits with the builder,conversations with the developer
and more.
Our plan is to turn our lakehouse.
Project into a series so you canfollow along with the goal of
having the lake house ready fornext summer.
Well, that's the plan anyway, sowe're super excited for you to
be along for the journey.
(11:13):
I, so thanks for listening.
If you want a deeper chat on howthe rate cut affects your
mortgage options or what itcould mean.
For Ferny listings, uh, give mea call or book a strategy
session with the link below.
Don't forget to subscribe, leavea comment with the questions you
want answered next, and sharethis episode with anyone
watching the Ferny Real Estatemarket.
(11:35):
So, until next time, I'm PhilGad.
Stay focused, stay informed, andkeep building your property
mindset.
Okay.
The Bank of Canada has cut ratesthis week.
Headlines simple ripples.
Huge.
What does this mean for Ferniereal estate?
And stick around for bigKoocanusa news right at the end.
(11:57):
Welcome to the Property MindsetPodcast, where we explore
everything real estate, frommarket trends to practical
strategies for success.
Whether you're a buyer orseller, or an inspiring
investor, a seasonedprofessional, or simply someone
who loves real estate, thispodcast is for you.
Hey everyone.
(12:17):
I know I've been quiet for abit.
Took a summer breather, Butafter bumping into a bunch of
you lately and you askingwhere's the content, we've
decided to come back So quickheads up before we dive in.
The Bank of Canada has just cutits key rate.
This week, and it's one of thosemoments where the headlines
sounds simple, but the rippleeffects are anything.
(12:38):
But today I'm breaking down whatthe rate cut really means, why
the economy is wobbling, andwhat all of this could mean for
you, especially if you live inor are watching the furs
property market.
But more importantly, stickaround to the end of the video
because we've got some reallyexciting news about our own real
(13:01):
estate project.
So here's a short versionupfront.
The Bank of Canada this weektrimmed its policy rate by 25
basis points to 2.5%, the firstcut since March because the
Canadian economy is slowing andinflation pressures have eased.
That's good news for variablerate borrowers.
But the story behind the cut islayered.
(13:23):
And it's definitely worthunpacking.
So why has a Bank of Canada cutrates now?
The labor market has softened.
We are definitely seeing joblosses and rising unemployment.
GDP has pulled back.
Exports especially to the UShave declined sharply.
business investment is on pause.
(13:44):
Companies are nervous because oftrade policy uncertainty.
Underlying inflation has calledthe headline.
CPI is below the 2% target andcore measures have lost upward
momentum.
Put it all together.
And the Bank of Canada is buyingsome breathing room for
consumers and businesses.
(14:05):
They want to support demandwithout stoking another
inflation surge.
So what does this really mean toyou?
Immediate impact, variablemortgage holders will likely
feel some relief.
First.
Refinancing and variable ratepayments will get cheaper for
homeowners locked into, fixedfive year rates, not so much.
(14:29):
Fixed rates, move more with thebond yields than with the
overnight rate.
The Bank of Canada, the Bank ofCanada's approach is cautious.
they didn't promise a string offuture cuts, so we're waiting on
the new data.
So nothing here is guaranteedthe trade backdrop, tariffs and
uncertainty.
(14:50):
Now the wrench in the gears.
Tariffs and trade tension withthe US are a big reason.
Business confidence is shaky.
Tariffs have hit key exportsectors, which feeds into the
GDP drop and the job losseswe've just mentioned.
That uncertainty is why somebusinesses aren't investing
right now and why the Bank ofCanada is being careful about
(15:12):
signaling the future.
It's also why your localeconomy, even in ferny, can feel
the effects.
Few dollars flowing in fromtrade sensitive sectors trickles
down to job spending and localbusinesses.
I am sure you've heard of WarrenBuffet argue that right now
stocks often look easier andmore liquid than property.
(15:34):
Well, he is not wrong.
Real estate takes hands-onmanagement, ongoing maintenance,
and it's far less liquid than, amarket order if investment is
what you are looking for in realestate.
that said.
For most people, real estatestill checks boxes.
Stocks don't.
It's a long-term hedge againstinflation and critically a way
(15:56):
to put a roof over your head.
It's not an automatic win.
You've gotta treat any realestate investment purchase as a
business when you buy factoringtime costs and local dynamics
and diversity where it makessense.
Remember the old adage youusually make.
Your money when you buy, notwhen you sell.
(16:17):
So getting the price and thetiming right matters more than
ever.
Right now, in markets withconstrained supply like Ferny,
those local fundamentals canstill make property a very
sensible part of a balancedplan.
Just go in eyes open.
Housing market outlook, nationalsignals, and the local reality.
(16:39):
Okay, so where does this leavethe housing market?
Right here in Ferny, the ratecut could nudge activity.
Higher buyers who've beenwaiting may step in, but
affordability is still tight.
For real.
Recovery and buyer activityrates need to my opinion, come
down further.
Also, regional differencesmatter.
Some markets will pick up fasterthan others.
(17:02):
And here locally in ferny,remember two things.
Inventory dynamics and demandfor lifestyle properties is
always high.
Fernie historically has limitedsupply and strong demand for all
types of homes.
Not only recreational, but itdoesn't make us immune from any
downturn.
(17:23):
if rates fall further, we couldsee definitely renewed interest,
especially in the sub$1 millionmarket.
But tariffs and job losses couldtemper that too.
So practical takeaways forbuyers, sellers, and investors.
If you're watching this as abuyer, get your financing lined
up and understand where thevariable will fix.
(17:45):
Fits your risk tolerance.
The benefit of a cut is farfastest on variable rates, so
what you might want to do is gowith a variable rate and if the
rates keep dropping, have aflexible product where you can
lock in at a fixed rate down theroad if you're selling.
This might be a good time tomarket.
(18:07):
Well and price Realistically,buyers are cautious, but active
where value lines up.
And if you're an investor, treatreal estate like a business
factory management time, vacancyrisk, and local demand drivers.
Diversity is where it makessense.
The bottom line, the Bank ofCanada rate cut is supportive
(18:27):
tweak for households, but theeconomy has got some real
headwinds, trade uncertainty,weak jobs, and constrained
business investment.
Real estate remains a viablelong-term play for many people,
particularly in places withlimited inventory like Ferny,
but it's not a set and forgettrade.
Do the maths, get good adviceand plan for all different
(18:50):
scenarios.
okay, now for the big news.
Drum roll please.
We have just purchased lotnumber 81 at Koocanusa Village.
we're right at the top of theend of the terrace and we're
super happy with our purchase.
the deal closes this week and weare planning to kick off the
(19:12):
build straight away.
we've already started draftingup the plans.
tomorrow we meet with thebuilder and we'll be documenting
this process every step of theway.
design meetings with thedraftsman site, visits with the
builder, conversations with thedeveloper and more.
Our plan is to turn our lakehouse.
(19:33):
Project into a series so you canfollow along with the goal of
having the lake house ready fornext summer.
Well, that's the plan anyway, sowe're super excited for you to
be along for the journey.
So thanks for listening.
If you want a deeper chat on howthe rate cut affects your
mortgage options or what itcould mean.
(19:53):
For Ferny listings, give me acall or book a strategy session
with the link below.
Don't forget to subscribe, leavea comment with the questions you
want answered next, and sharethis episode with anyone
watching the Ferny Real Estatemarket.
So, until next time, I'm PhilGad.
Stay focused, stay informed, andkeep building your property
(20:15):
mindset.
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