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.
Toronto Delinquencies, Renewal Trends, and Housing Market Rebound
In this episode, the discussion opens with a welcome and introduction, followed by a sponsor message from Real Approved Inc. The conversation then shifts to an analysis of Toronto's mortgage delinquencies in comparison to national figures. Insights from TD Economics on renewal rate trends are explored, along with the risks faced by different borrower demographics. The episode examines reports on the housing market rebound and economic resilience. An update on the Canadian dollar and benchmark yield is provided before concluding with closing remarks and a sponsor reminder.
Key Points
- Mortgage delinquencies in Toronto have reached their highest point in over a decade, with rates more than tripling over the past few years.
- Despite the overall decline in national mortgage payments, many homeowners who locked in ultra-low rates in 2020-2021 are likely to face significant payment increases upon renewal.
- The Canadian dollar weakened slightly against the U.S. dollar this week, while the 10-year benchmark yield saw an uptick, reflecting investor expectations of future interest rate hikes by the Bank of Canada.
Chapters
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| 6:11 | |
| 8:48 | |
| 10:30 |
Transcript
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