Ron Butler, a mortgage industry professional, addressed concerns about the impact of ongoing war on the Canadian economy in a series of tweets posted on March 24, 2026. Butler discussed potential effects on inflation, transportation costs, food prices, and the real estate market.
In his first tweet at 13:21 UTC, Butler highlighted economic anxieties related to the conflict: “Likewise the nervousness around the War’s effect on the Canadian Economy if it drags on
Inflation will dig in & not just fuel
Transportation: from trucks supplying Grocery Stores to Airlines prices will all rise
Food prices will increase with Diesel & Fertilizer Costs
4/”.
At 13:21:31 UTC, he commented on consumer preferences and possible consequences for housing markets: “Thing is most people prefer Fixed Rates & if Inflation does roar back Variable may rise; 2022 all over again
More reasons to be cautious in assessing the Canadian RE Market direction
Sustained Higher Mortgage Rates could send prices lower
Negative population growth
6/”.
In a subsequent tweet at 13:21:32 UTC, Butler warned about further declines in home values and advised against making rushed purchasing decisions due to rising rates or expiring rate holds: “Another 10% drop in house prices could easily occur in BC & Ontario if Mortgage Rates keep Buyers on the sidelines
Rising Mortgage Rates are NEVER a good reason to rush to buy don’t feel pressured because of an expiring rate hold
A lower house price is forever
Rates can change”.
Concerns over inflation and housing affordability have been central issues for Canadians in recent years. The Bank of Canada has raised interest rates multiple times since early 2022 to combat inflationary pressures. Rising borrowing costs have contributed to cooling housing markets across major provinces such as British Columbia and Ontario. Population growth trends have also shifted following changes in immigration policy and demographic patterns.
