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 Mortgage Crisis, Rental Trends, and RECO Scandal
The episode opens with a welcome and introduction, followed by a sponsor message from Real Approved Inc. The discussion delves into Ontario's mortgage crisis, highlighting rising delinquency rates and the potential impact of higher mortgage rates on homeowners. Trends towards rental properties and challenges facing Toronto's condo market are explored. The conversation shifts to mergers in the mortgage industry and recent home affordability news. Proposed changes to capital rules by OSFI for financial institutions are examined, alongside a scandal at the Real Estate Council of Ontario. The episode concludes with closing remarks and a sponsor mention.
Key Points
- Mortgage payments now consume over half of the median after-tax family income across Ontario's largest urban centers, with Toronto leading at 110.2%.
- The Canadian housing market is seeing a shift with a record high in rental unit starts projected for 2025, while homeowner housing starts are set to hit a 30-year low.
- Mergers within the mortgage industry are increasing due to regulatory complexities and intense competition, reshaping how alternative lenders operate.
Chapters
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| 0:23 | |
| 0:43 | |
| 3:26 | |
| 6:27 | |
| 12:52 | |
| 18:26 | |
| 21:08 | |
| 23:59 |
Transcript
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