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.
First-Time Buyer Tips, Housing Strategies, and Market Trends
In this episode, we open with an introduction and a look at current market trends, followed by a sponsor message from Real Approved Inc. The discussion then shifts to common mistakes made by first-time buyers amid economic uncertainties, and the opportunities and challenges present in today's market. We review insights from the Task Force for Housing and Climate report before transitioning to a sponsor message from EQB Inc. The episode also examines recent regulatory actions and market compliance issues, as well as government strategies aimed at improving housing affordability. We wrap up with closing remarks and a final sponsor message.
Key Points
- The Greater Toronto Area is experiencing a more buyer-friendly market with a 23.3% drop in home sales and a 4.1% decline in average selling prices, but first-time buyers face challenges due to economic uncertainty and additional homeownership costs.
- Ontario has seen a 71.5% rise in mortgage delinquencies in the first quarter of 2025, largely due to "payment shock" from higher rates on mortgages initially taken out during the ultra-low interest rates of the COVID-19 pandemic.
- The Financial Services Regulatory Authority of Ontario is proposing to revoke Quick Cash Mortgage's brokerage license after uncovering regulatory violations involving high-cost private mortgages issued to vulnerable seniors, highlighting the need for transparency and ethical practices in the industry.
Chapters
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| 0:20 | |
| 1:15 | |
| 2:25 | |
| 5:04 | |
| 7:57 | |
| 11:06 | |
| 14:09 | |
| 17:08 |
Transcript
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