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 Housing Trends, Federal Investments, and Broker Challenges
In this episode, we start with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We delve into the federal government's recent housing investments in Toronto and examine current trends in Ontario's housing market prices. The discussion highlights the potential impact of U.S. tariff threats on Ontario's home sales and explores the competitive landscape of mortgage rates in the province. We also address the challenges brokers face in the current market environment. The episode wraps up with closing remarks and a sponsor message.
Key Points
- The federal government has announced $2.55 billion in low-cost loans to build over 4,800 rental homes in Toronto, including 1,075 affordable housing units, with additional support from the city of Toronto.
- Single-family home prices in Ontario have remained stable between $940,000 and $970,000 over the past sixteen months, while condo prices have consistently declined, reflecting varying demand across property types.
- A fierce mortgage rate war has begun with major banks like RBC and TD slashing rates to capture market share, creating significant competition and opportunities in the spring home-buying season.
Chapters
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Transcript
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