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.
Interest Rates, Housing Affordability, and Ontario's Real Estate Trends
The episode kicks off with a sponsor message from Real Approved Inc., followed by a discussion on the Bank of Canada's interest rate decision and industry reactions. It analyzes U.S. tariffs affecting the Canadian economy, prospects of future rate cuts, and a CMHC update on housing affordability. Financial aspects of housing affordability are examined, alongside implications of the federal budget and Buy Canadian policy. A comparison of rate cuts by the U.S. Federal Reserve and the Bank of Canada is provided, leading to insights into Hamilton's real estate downturn and Halton Hills. The rise of mortgage brokers in Ontario is also highlighted, concluding with closing remarks and a sponsor message.
Key Points
- The Bank of Canada decided to hold its interest rates steady at 2.75 percent, despite some real estate professionals calling for further cuts to boost consumer confidence.
- The Canada Mortgage and Housing Corporation estimates that to bring housing affordability back to 2019 levels, Canada needs to build between 430,000 and 480,000 units annually over the next decade, double the current pace of construction.
- Hamilton, Ontario's real estate market is experiencing significant challenges, with a century-old brick house in the Strathcona neighborhood selling at a 44 percent loss, reflecting broader market corrections across the region.
Chapters
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| 0:45 | |
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| 2:44 | |
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| 7:20 | |
| 10:30 | |
| 13:39 | |
| 16:22 | |
| 19:56 | |
| 23:19 |
Transcript
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