
FSRA Actions, Bond Yields, and Trends in Canadian Housing Starts
In this episode, we start with a sponsor message from Real Approved Inc. and dive into FSRA's suspension of ZK Financial Inc.'s license due to regulatory violations, stressing the importance of transparency in the mortgage industry. We discuss the trend towards variable-rate mortgages amid economic uncertainty and the effects of rising bond yields on mortgage rates and the economy. We also analyze the rise in Canadian ten-year government bond yields and housing start trends. Toronto condo sales reflect market volatility, and we spotlight Neighbourhood Holdings' program for self-employed borrowers. The episode wraps up with closing remarks and a sponsor reminder.
Key Points
- Ontario’s Financial Services Regulatory Authority has suspended ZK Financial Inc.'s mortgage brokerage license for two months and fined its principal broker for providing false information to the regulator.
- Variable-rate mortgages have become the most popular choice among Canadian borrowers, driven by expectations of continued rate cuts by the Bank of Canada and fluctuating bond yields affecting fixed rates.
- Self-employed Canadians are finding new opportunities for mortgage approval through programs like Neighbourhood Holdings' Self-Declared Income Program, which offers a flexible approach to income documentation.
Chapters
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0:40 | |
3:25 | |
3:45 | |
5:32 | |
7:15 | |
9:33 | |
12:03 | |
14:49 | |
17:31 |
Transcript
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