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.
Alberta Housing Challenges, Construction Trends, and Consumer Spending Insights
In this episode, Steve Hamoen begins with an introduction, followed by a sponsor message from Real Approved Inc. We delve into the challenges and outlook for the housing markets in Calgary and Edmonton, examining factors impacting these regions. The discussion shifts to labor shortages affecting the construction industry and the emerging trend of co-ownership as a solution. Additionally, we analyze Canadian retail sales and consumer spending patterns to understand broader economic implications. The episode wraps up with insights into how these trends influence the real estate and mortgage sectors.
Key Points
- Calgary needs to build 45 percent more homes annually to restore pre-pandemic affordability levels, highlighting the challenge of meeting housing demand.
- Fractional ownership is becoming a popular way for Canadians to afford lakeside cottages, offering a share of property ownership without the full financial burden.
- Despite a modest increase in retail sales in April, early data for May suggests a potential slowdown, with concerns about consumer spending and trade tensions impacting the outlook.
Chapters
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Transcript
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