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.
Toronto Housing Trends, Rate Impacts, and Condo Market Shifts
In this episode, the conversation starts with a welcome and introduction, followed by a sponsor message from Real Approved Inc. The discussion shifts to an update on the Toronto housing market, focusing on sales increases and price dynamics. The impact of the Bank of Canada's interest rate decisions is explored, along with a comparison of home sales trends between Toronto and Metro Vancouver. The Toronto condo market is analyzed, highlighting a price decline and an increase in inventory. Buyer preferences and property type sales trends are also discussed. The episode concludes with insights into Canadian provincial bonds and the economic outlook, followed by closing remarks and a sponsor message.
Key Points
- Toronto home sales saw a significant rise in July, with a 13% increase over June, indicating improved affordability and market activity.
- The average selling price across the Greater Toronto Area has dropped to $1.05 million, making homeownership more accessible but raising concerns about market stability.
- Canadian provincial bonds remain a dependable investment, with strong demand and stability, as the country's economic outlook shows signs of gradual improvement.
Chapters
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| 4:29 | |
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| 8:09 |
Transcript
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