Canadian Mortgage Concerns, Home Sales Slowdown, and Rate Cut Impacts

In this episode, we begin with a welcome and an introduction, followed by a sponsor message from Real Approved Inc. We examine OSFI's mortgage concerns alongside insights from Equifax on payment increases. The discussion covers mortgage defaults, regional impacts, and OSFI's mitigation measures. We review the outcomes of BCFSA's investigation into unauthorized mortgage brokering, the slowdown in Canadian home sales and housing starts, and a case study on a Hamilton home sale loss. The implications of the Bank of Canada's rate cut and the Prime Minister's foreign investment strategy for rental apartments are explored. The episode concludes with closing remarks and a sponsor message.