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 Housing Starts, Toronto Market Trends, and Investment Insights
In this episode, we begin with a welcome and a sponsor message from Real Approved Inc. We delve into a CMHC report that outlines strategies for increasing housing starts in Ontario. The discussion then shifts to the challenges and economic impacts of housing construction in Toronto and across Canada. We explore housing investment trends, highlighting regional variations, and provide a detailed analysis of the Toronto real estate market, offering advice for buyers and sellers. The episode concludes with closing remarks and a reminder from our sponsor.
Key Points
- Ontario needs to ramp up housing starts by more than 130,000 annually to return to pre-pandemic affordability levels, according to the latest CMHC report.
- Despite economic challenges, the residential housing sector contributed $143.4 billion to the GDP and supported over 1.2 million jobs last year.
- The Toronto real estate market is currently favoring buyers, with increased inventory leading to more drawn-out and demanding negotiations for sellers.
Chapters
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Transcript
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