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.
BoC Rate Cut, TRREB Outlook, and National Home Sales Insights in Episode 45
This episode starts with a welcome and introduction. It examines the impact of the Bank of Canada's rate cut and TRREB's market outlook. Insights into home sales and inventory in Calgary and Greater Vancouver are discussed. The episode highlights an increase in Montreal's residential sales. Mortgage trends and a new partnership with BMO are explored through First National Financial. Carla Giles's journey in CMBA-BC is shared. A Zoocasa report comparing weddings and home down payments is reviewed. The episode wraps up with closing remarks.
Key Points
- Existing home and condo sales in major Canadian cities have dropped as buyers wait for more rate cuts from the Bank of Canada.
- Calgary experienced a significant decline in home sales due to supply challenges in lower price ranges, despite population growth and rising home prices.
- In Greater Vancouver, increasing inventory levels have created a buyer's market, while Montreal saw a 6.4 percent increase in residential sales in June.
Chapters
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Transcript
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