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 Bill, Toronto Condo Crisis, and Remembering Andrew Moor
In this episode, we start with a welcome and a sponsor message from Real Approved Inc. We discuss a new housing construction bill aimed at fast-tracking approvals in Ontario and explore the evolving role of mortgage brokers in this changing market. We examine a CMHC report on housing affordability and construction pace, followed by an analysis of the current condo crisis in Toronto. The episode also covers the latest inflation figures and their implications for interest rates. We reflect on Andrew Moor's legacy at Equitable Bank and discuss the bank's interim leadership and future outlook. Concluding with closing remarks and a sponsor reminder.
Key Points
- Ontario's new housing construction bill aims to boost supply and affordability by removing red tape and incentivizing developers.
- The Canada Mortgage and Housing Corporation reports that Canada needs to double its current pace of housing construction to regain 2019 affordability levels.
- Toronto's condo market faces a downturn with a significant increase in unsold inventory, raising concerns for other markets like Vancouver.
Chapters
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| 0:19 | |
| 0:37 | |
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| 2:52 | |
| 5:06 | |
| 7:58 | |
| 10:42 | |
| 12:19 | |
| 13:07 |
Transcript
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