CMHC Report, Mortgage Rates, and Ontario Real Estate Trends in Episode 96
In this episode, we start with a welcome and introduction, setting the stage for a discussion on the latest Canada Mortgage and Housing Corporation (CMHC) report and how government policies are influencing housing and interest rates. We examine current mortgage rate trends and developments in the bond market. The episode also delves into U.S. employment numbers and their impact on Canadian interest rates. We address economic challenges such as oversupply, unemployment, and the growing presence of Mortgage Investment Corporations (MICs). Insights from the Canadian Mortgage Summit highlight the role of private lending. Ontario real estate valuation trends are analyzed, and the episode concludes with a summary and closing remarks.
Key Points
- Higher interest rates have led to a significant decrease in housing starts, particularly affecting condominium construction.
- Despite rising interest rates, government policies supporting rental building construction have provided some stability in the housing market.
- The rise of Mortgage Investment Corporations and private lending has become a prominent trend, offering alternative financing options as borrowing from traditional lenders becomes more difficult.
Chapters
| 0:00 | |
| 0:22 | |
| 1:20 | |
| 2:50 | |
| 3:16 | |
| 5:18 | |
| 8:22 | |
| 9:44 |
Transcript
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