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.
Toronto vs. Calgary Market Updates, Housing Affordability, and Interest Rate Speculations
The episode begins with an introduction and a sponsor message from Real Approved Inc. It provides housing market updates, comparing Toronto and Calgary, and examines year-to-date changes. Government initiatives aimed at improving housing supply and affordability are discussed, alongside challenges faced by young Canadians in achieving homeownership. Inflation trends and speculations on the Bank of Canada's interest rates are analyzed. The performance of the Canadian dollar and its economic influences are explored. A sponsor message highlights Maple Financial's investment news. The episode wraps up with closing remarks and a sponsor message.
Key Points
- Toronto has been overtaken by Calgary, Vancouver, and Montreal in housing starts, marking a significant shift in the Canadian housing market landscape.
- Federal and provincial initiatives, such as 'Build Canada Homes' and Ontario's Bill 17, are being introduced to address housing supply and affordability, but Toronto continues to face challenges.
- The Canadian dollar is near a six-month low against the U.S. dollar, influenced by falling oil prices and economic uncertainties, potentially affecting mortgage rates and housing affordability.
Chapters
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Transcript
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