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.
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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