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 Inflation, CMHC Forecasts, and Leadership Changes
In this episode, we begin by discussing inflation concerns in the Ontario housing market. A sponsor message from Real Approved Inc. follows. We delve into the CMHC report, focusing on the housing starts forecast and analyze trends in house prices across various Canadian cities. The conversation shifts to considerations for choosing between fixed and variable mortgage rates. Updates on Montfort Capital's business sale are provided, along with news about industry leadership changes following David Mandel's retirement. The episode concludes with closing remarks and a sponsor message from Real Approved Inc.
Key Points
- Inflation remains too persistent for the Bank of Canada to continue cutting rates, as core price pressures exceed expectations.
- Housing starts in Canada show a mixed trend with a slight increase in the six-month average but a notable monthly decline, especially in major cities like Toronto and Vancouver.
- The affordability gap in major cities like Vancouver and Toronto is growing, making homeownership increasingly challenging for families with median incomes.
Chapters
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Transcript
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