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.
Ontario Housing Targets, Market Trends, and Economic Comparisons
In this episode, we start with an introduction and overview of Ontario's housing market, followed by a sponsor message from Real Approved Inc. We explore the challenges and implications of Ontario's ambitious housing target, delving into trends in real estate prices and household debt. The episode also features a comparison of Canadian and US labor markets, providing insights into economic influences on real estate. Additionally, we discuss Equifax and Render's Clear Decision platform, examining its potential impact on the industry. The episode concludes with closing remarks and a sponsor reminder from Real Approved Inc.
Key Points
- Rising costs for building materials and labor are significantly impacting the feasibility of Ontario's ambitious target of constructing 1.5 million new homes.
- Household debt in Canada is growing rapidly, driven primarily by mortgages, which raises concerns about the sustainability of this trend in the face of potential economic changes.
- The new Clear Decision platform by Equifax and Render aims to enhance lenders' decision-making processes by integrating credit bureau data with Open Banking insights, promising improved efficiency and fraud detection.
Chapters
| 0:00 | |
| 0:21 | |
| 2:24 | |
| 4:05 | |
| 5:35 | |
| 6:36 | |
| 9:05 | |
| 9:17 |
Transcript
Loading transcript...
- / -