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 Condo Sales, Ontario Market Trends, and CMHC Insights
In this episode, we kick off with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We discuss insights from principal brokers on Toronto condo sales and explore trends in the Southwestern Ontario market, including mortgage debt patterns. The conversation shifts to CMHC's updates on housing supply and mortgage delinquency rates. We emphasize the importance of staying aware of market dynamics to make informed decisions. The episode concludes with a sponsor reminder from Real Approved Inc.
Key Points
- Principal brokers in Ontario are urged to conduct thorough due diligence and background checks to ensure compliance and consumer protection.
- The Toronto condo market has seen a dramatic 75 percent decline in sales due to higher interest rates, leading to increased carrying costs and potential capital losses for investors.
- Southwestern Ontario has shifted to a buyers' market, but affordability remains a challenge due to high home prices and stagnant wages.
Chapters
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Transcript
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