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.

Fixed vs Variable Rates, Federal Budget Impact, and CMHC's New Mortgage Rules

E34 • Aug 2, 2024 • 21 mins

Key Points

Fixed mortgage rates in Canada are falling due to a sharp drop in Government of Canada bond yields, providing relief for borrowers.
The federal government has introduced 30-year amortizations for first-time homebuyers purchasing new builds to improve housing affordability.
Ontario developers are calling for tax reductions on new builds to pass savings onto homebuyers, potentially alleviating high housing costs.

Speakers

Steve Hamoen

Host • 100%

Chapters

0:00	Introduction to fixed mortgage rates and bond yields
1:00	Analysis of fixed and variable-rate mortgage trends
3:44	Breaking high-rate mortgages: costs and penalties
5:35	Federal budget's effect on first-time homebuyers and amortization periods
6:58	Influence of Canada Mortgage and Housing Corporation (CMHC) on housing market
10:01	Developer perspectives on tax reductions and government measures
12:04	Development fees and their effect on housing supply and affordability
13:40	Federal investments in affordable housing and National Housing Strategy
17:31	CMHC's Frequent Builder framework and new mortgage rules
19:42	CMHC's Home Start product and agency objectives

Transcript

Loading transcript...

- / -