New Mortgage Rules, Housing Affordability, and Market Trends in Episode 99

In this episode, we delve into Canada's new mortgage rules with insights from JP Boutros, exploring homeownership benefits and recent changes in mortgage caps. We address financial challenges for single Canadians and evaluate government measures on housing affordability. The impact of new construction and commercial real estate on Ontario's market is analyzed, along with high interest rates on housing starts. We discuss the stagnation in rental housing supply, the private sector's role, and CMHC recommendations. The episode concludes with trends and predictions in mortgage rates and their economic impacts, plus a preview of the next episode.