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.
Bank of Canada Rates, Housing Trends, and Ontario Market Insights
This episode kicks off with an introduction and sponsor shoutout before diving into the Bank of Canada's rate decision and Canada's economic resilience. We explore inflation prospects, external influences, and challenges around the 2025 federal budget and 'missing middle' housing developments. Discover trends in the suburban market, Ontario's home-building projections, and the HST rebate's impact. Get updates on market correction and Durham home prices, and an overview of Canada's mortgage rates. We also discuss Dominion Lending Centres Inc.'s third-quarter results. The episode wraps up with a reminder to stay informed and a final sponsor message from Real Approved.
Key Points
- The Bank of Canada's potential rate cut and its impact on borrowing costs for Canadians is a central topic, with economists suggesting a more conservative 25 basis point cut due to economic resilience and consumer spending.
- The 2025 federal budget under Prime Minister Mark Carney is cautiously received, focusing on long-term investments but projecting slow economic growth and high unemployment rates, posing challenges for immediate housing market relief.
- The 'missing middle' housing in Canada is gaining traction, with Calgary and Edmonton leading in construction, while Toronto and Vancouver face significant challenges due to high land costs and regulatory barriers.
Chapters
| 0:00 | |
| 0:41 | |
| 2:24 | |
| 3:38 | |
| 6:07 | |
| 9:13 | |
| 12:28 | |
| 16:59 | |
| 20:11 | |
| 23:02 | |
| 25:03 | |
| 25:32 | |
| 25:47 |
Transcript
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