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.
Negative Equity Challenges and Bank of Canada's Rate Predictions
In this episode, we start with an introduction to new homebuyer topics, followed by a sponsor message from Real Approved Inc. We then delve into the challenges of selling homes at a loss and the impacts of negative equity on homeowners. The discussion shifts to the Bank of Canada's interest rate outlook, exploring predictions and their potential implications for the real estate market. The episode wraps up with closing remarks and a reminder of our sponsor.
Key Points
- Starting July 1st, 2025, Tarion will require purchasers of new freehold homes in Ontario to register their purchase agreement within 45 days to combat illegal building and selling practices.
- The trend of selling homes at a loss has surged, with nearly a quarter of homeowners who bought during the peak of the market in 2022 experiencing financial losses upon selling in 2024.
- The Bank of Canada is expected to lower its benchmark interest rate to 2.25% by the end of 2025, as it navigates persistent inflation and the economic impacts of new U.S. trade tariffs.
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Transcript
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