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.
Rising Home Prices, Mortgage Report Insights, and Lender Stability
In this episode, we start with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We examine the rising Canadian home prices and current economic trends affecting the housing market. Insights from the 2025 Residential Mortgage Industry Report are discussed, highlighting key findings. The conversation then moves to mortgage renewals, debt levels, and the stability of lenders in this evolving landscape. The episode wraps up with closing remarks and a sponsor reminder from Real Approved Inc.
Key Points
- Canadian home prices have risen 163.5% since 1981, while household incomes have only increased by 24%, highlighting a significant affordability gap.
- Ontario's unemployment rate hit 7.9% in May, driven by rapid population growth outpacing job creation despite the addition of new jobs.
- Canadians are increasingly opting for variable-rate mortgages and shorter fixed-rate terms, reflecting a strategic shift in borrower behavior amid low-interest rate expectations.
Chapters
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Transcript
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