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.
Navigating Higher Rates, Market Trends, and Financial Planning in Ontario Real Estate
The episode begins with an introduction to the Ontario Mortgage & Real Estate Insights Podcast, followed by a sponsor message from Real Approved Inc. The discussion delves into the rising consumer and business insolvencies in Canada, highlighting the financial pressures faced. The anxiety caused by higher mortgage rates is explored, along with financial planning strategies for homebuyers amidst economic uncertainty. Real estate market trends and seller expectations are analyzed, alongside insights into building permits and construction trends. The episode addresses concerns surrounding mortgage fraud and concludes with an analysis of the Burlington real estate market.
Key Points
- Canadian consumer insolvencies have risen to levels not seen since the 2009 financial crisis, with a 4.8 percent year-over-year increase in filings for the third quarter of 2025.
- Almost half of Canadian homeowners surveyed anticipate larger monthly mortgage payments upon renewal, with 73 percent planning to cut back on expenses to meet these payments.
- Burlington's real estate market has experienced a downturn, with the average home price falling by 6.9 percent to $991,062 in October 2025, despite a long-term upward trend over the past decade.
Chapters
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Transcript
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