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.
Rate Decisions, Mortgage Insights, and Housing Market Trends
The episode kicks off with an introduction and sponsor mention. It covers the Bank of Canada's rate decision and industry reactions, explores U.S. trade policies' impact on Canada's economy, and discusses future interest rates and inflation. A mortgage market update reviews changes in arrears rates and volume. TransUnion's consumer debt insights and an FSRA advisory on private mortgage risks are shared. Challenges for first-time homebuyers and market trends, including new-home sales in the Greater Toronto Area, are examined. The Fraser Institute's take on the housing affordability crisis is discussed. The episode concludes with closing remarks and a sponsor reminder.
Key Points
- The Bank of Canada's decision to hold its overnight lending rate steady at 2.75% has left some real estate professionals disappointed, hoping for further cuts to boost market activity.
- Rising mortgage arrears and a shrinking mortgage base in Ontario point to increasing credit stress and liquidity risks in the real estate market.
- The Financial Services Regulatory Authority of Ontario has issued warnings about risks in the private mortgage market, emphasizing the need for stronger oversight and supervision.
Chapters
| 0:00 | |
| 0:43 | |
| 1:51 | |
| 2:21 | |
| 4:27 | |
| 7:02 | |
| 10:27 | |
| 13:42 | |
| 16:10 | |
| 19:36 | |
| 22:54 |
Transcript
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