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.
Ontario Real Estate Trends, Legal Updates, and Housing Innovations
In this episode, Steve Hamoen begins with an introduction, setting the context for a detailed discussion. A sponsor message from Real Approved Incorporated follows. The episode covers the Ontario Court of Appeal's stance on fraudulent misrepresentation and trial adjustments, as well as inflation's impact on consumer costs and real estate in Canada. It then examines the slower spring real estate market in the Greater Toronto Area and explores factory-built housing as a potential solution to Ontario's housing crisis. The discussion shifts to changes in Canadian homeowners' borrowing behavior and leadership changes at CENTUM Financial Group. The episode concludes with closing remarks and a sponsorship reminder.
Key Points
- The Ontario Court of Appeal upheld findings of fraudulent misrepresentation and unconscionability in a significant mortgage and construction contract case, adjusting the remedies imposed by the trial judge.
- Inflation in Canada has eased to 2.3% year-over-year, but shelter costs continue to rise, reflecting ongoing economic challenges impacting household budgets.
- Factory-built housing is being promoted as a key solution to Ontario's housing supply and affordability crisis, with the government investing $50 million to accelerate construction through innovative methods.
Chapters
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| 0:20 | |
| 0:42 | |
| 4:27 | |
| 7:26 | |
| 10:23 | |
| 12:57 | |
| 15:52 | |
| 18:49 |
Transcript
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