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.
This Week's Top Stories: Canadian Mortgage Impairments Surge, & Toronto's 90s Bubble-Style Meltdown
In this episode, we begin with a welcome and overview, followed by a sponsor message from Real Approved Inc. We discuss the surge in Canadian mortgage impairments, identifying who is falling behind. The conversation shifts to policy changes and RBC's warning about a potential real estate downturn. We examine the influence of global trade on local real estate and provide insights into Toronto's real estate prices and market dynamics. The episode concludes with closing remarks and a sign-off.
Key Points
- Mortgage impairments in Canada have surged by 65 percent since 2022, despite a strong job market, highlighting potential risks for both families and investors.
- The Canadian real estate downturn is expected to worsen before improving, with trade issues and economic uncertainty affecting buyer confidence.
- Toronto's real estate prices have dropped below one million dollars, reflecting a cautious buyer sentiment even amid a robust job market.
Chapters
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Transcript
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