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.
CMHC Mortgage Report, Ontario Legislation, and Economic Trends
In this episode, we begin with an introduction by Steve Hamoen, followed by a sponsor message from Real Approved Inc. We delve into the CMHC Residential Mortgage Industry Report, focusing on mortgage delinquencies. The discussion then shifts to Ontario's new real estate legislation and its potential impact on the market. We provide an update on the state of condo markets in Toronto and Vancouver. Economic updates are covered, including the performance of the Canadian dollar, U.S. inflation, and oil prices. The episode concludes with closing remarks and a reminder from our sponsor, Real Approved Inc.
Key Points
- The national mortgage delinquency rate increased to 0.21% in Q4 2024, up from 0.17% in the same quarter of 2023, with significant contributions from rising delinquencies in Ontario and British Columbia.
- New legislation in Ontario aims to accelerate residential real estate projects by streamlining development processes and reducing costs, potentially attracting more institutional investors and addressing housing shortages.
- The Canadian dollar has been holding near an eight-month high against the U.S. dollar, influenced by less aggressive U.S. inflation data and a recent increase in oil prices, which is a major export for Canada.
Chapters
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Transcript
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