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.
Spring Market Trends, Compliance Updates, and Mortgage Rate Insights
In this episode, we begin with a welcome and introduction, followed by a sponsor message from Real Approved Incorporated. We discuss housing starts and spring market trends, providing insights into the current real estate climate. The episode covers a compliance order issued against Razer Capital Corporation and examines how federal debt influences mortgage borrowers. We introduce a new Tarion registration rule impacting homebuyers and analyze the current mortgage rate landscape. The episode wraps up with closing remarks and a reminder of our sponsor.
Key Points
- The annual pace of housing starts in April surged by thirty percent, indicating a robust uptick in both urban and rural developments.
- The Canadian spring housing market is shifting, with buyers gaining more leverage as listings increase and properties stay on the market longer.
- The Financial Services Regulatory Authority of Ontario issued a compliance order against Razer Capital Corporation for administering mortgages without a license since 2014, highlighting the critical importance of regulatory compliance.
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Transcript
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