
Federal Reserve Policies, Mortgage Smart Revocation, and Building Permits Rise in Canada
In this episode, we begin with an introduction and a discussion on the Federal Reserve's interest rate policies. We then cover the revocation of Ontario's Mortgage Smart license and delve into a bankruptcy case in Northern Ontario. The conversation shifts to the increase in Canadian building permits and insights from the mortgage industry in Western Canada. We conclude with closing remarks and a sponsor message from Real Approved Inc.
Key Points
- The Federal Reserve's cautious stance on interest rate cuts reflects concerns over persistent inflation and tariff risks, impacting consumer sentiment and spending.
- The Financial Services Regulatory Authority permanently revoked the license of Mortgage Smart Incorporated after an investigation revealed systemic misconduct targeting elderly homeowners with risky loans.
- Building permits in Canada rose by 2.9 percent in February, driven by a strong rebound in non-residential construction, though residential permits saw a decline, indicating potential constraints in new housing supply.
Chapters
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Transcript
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