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.
Economic Trends, Mortgage Affordability, and the 2025 Housing Market Outlook
In this episode, we begin with a welcome and introduction by Steve Hamoen, followed by a sponsor message from Real Approved Inc. We explore recent economic news and its impact on the housing market. The discussion includes the Bank of Canada's outlook on unemployment and inflation, as well as the political landscape and its influence on economic predictions. We delve into mortgage affordability trends across Canadian cities and provide a 2025 housing market outlook. The episode concludes with a wrap-up and a reminder from our sponsor, Real Approved Inc.
Key Points
- Canada is likely in a technical recession, with projections showing a contraction in GDP for the second and third quarters of 2025.
- Despite economic challenges, seven Canadian cities, including Hamilton, saw improvements in mortgage affordability in April due to slightly lower home prices and stable mortgage rates.
- The ongoing trade tensions between Canada and the United States continue to impact the housing market, with sales dropping and prices slipping, though certain regions like Edmonton and Calgary remain robust.
Chapters
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Transcript
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