Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Canadian Housing Forecasts, Affordability Challenges, and Market Trends
Join Sandy MacKay as he explores Canadian housing starts, market conditions, and construction costs. This episode discusses the decline in home sales, forecasts for 2025-2026, and industry experts' market outlook. Discover insights on affordability challenges, CREA's updated forecast, and regional trends, including renting affordability in Toronto and the condo market. Plus, delve into mortgage application trends, MERIX Financial's focus, and ethical boundaries in mortgage brokering. Sponsored by Real Approved Inc., this episode wraps up with an outro and sponsor reminder.
Key Points
- Housing starts in Canada saw a surprising 14% increase in September, driven largely by rental apartment construction in major cities like Toronto and Montreal.
- Canadian home sales dipped by 1.7% in September, breaking a five-month streak of gains, but activity remains robust compared to recent years.
- Renting a one-bedroom apartment in Toronto now requires an hourly wage of about $44, highlighting the growing affordability gap between housing costs and wage growth.
Chapters
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| 0:24 | |
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| 5:59 | |
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| 10:31 | |
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| 15:01 | |
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| 18:39 | |
| 21:03 | |
| 22:11 | |
| 25:08 | |
| 25:20 |
Transcript
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