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.
GST Rebate on New Homes, CMHC Condo Insights, and Economic Trends
In this episode, we start with a welcome and an overview of the GST rebate. Following a sponsor message from Real Approved Inc., we delve into Ottawa's proposal for a GST rebate on new homes, discussing its potential impact on the housing market. We then provide an update from CMHC on condo markets and explore investor stress. Economic developments and insolvency trends are also examined, highlighting their effects on the real estate sector. The episode wraps up with closing remarks and a sponsor reminder.
Key Points
- Ottawa's proposal to offer a Goods and Services Tax rebate on new homes could save first-time buyers nearly twenty-seven thousand dollars.
- The Canada Mortgage and Housing Corporation has flagged growing risks in the condominium markets of Toronto and Vancouver, noting significant drops in sales and increased financial stress among investors.
- Insolvency filings in Canada jumped by ten percent in April compared to the previous month, driven by rising debt and economic uncertainty.
Chapters
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Transcript
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