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.
CMHC Urban Targets, Mortgage Challenges, and Ontario Real Estate Trends
In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We dive into a CMHC report focusing on housing construction and urban targets, followed by Fitch Ratings' perspective on Canada's housing market. The discussion shifts to the mortgage challenges faced by younger Canadians and explores real estate trends in Ontario and Toronto amid economic uncertainty. We also examine the latest inflation figures and their impact on the broader economy. The episode concludes with closing remarks and a sponsor reminder.
Key Points
- Canada must double its housing construction to restore affordability by 2035, requiring significant workforce expansion, private investment, and reduced regulatory hurdles.
- Fitch Ratings has downgraded its outlook for Canada's housing market, forecasting zero to three percent home price growth for 2025 due to economic and job market challenges.
- Young Canadians are struggling with mortgage delinquencies at a much higher rate than the general population, highlighting the financial pressures faced by younger homeowners.
Chapters
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| 0:20 | |
| 0:38 | |
| 4:02 | |
| 6:35 | |
| 9:10 | |
| 16:43 | |
| 19:15 |
Transcript
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