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.
Housing Affordability, Interest Rates, and Global Market Outlook
In this episode, the conversation opens with a welcome and overview, followed by a sponsor message from Real Approved Inc. The discussion delves into Canadian housing affordability trends and the Bank of Canada's interest rate strategy. The impact of US-Canada trade tensions on mortgage rates is explored, along with insights from Oxford Economics on the housing market outlook. The episode examines housing starts, resale activity, and challenges in the condo market. Macroeconomic risks and global policy shifts are also discussed, providing a comprehensive view of the current landscape. The episode concludes with closing remarks and a sponsor message from Real Approved Inc.
Key Points
- Canadian housing affordability worsened in June, affecting 12 out of 13 major markets, with only Toronto seeing a slight improvement. Rising mortgage rates and home prices have significantly increased the income required to purchase a home across Canada. Oxford Economics projects the housing slump could extend into 2026, driven by higher borrowing costs, weakening consumer confidence, and ongoing trade tensions with the United States.
Chapters
| 0:00 | |
| 0:21 | |
| 0:39 | |
| 2:06 | |
| 2:24 | |
| 3:01 | |
| 4:07 | |
| 4:47 | |
| 5:48 |
Transcript
Loading transcript...
- / -