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.
Interest Rates, Housing Market Impacts, and Rent Control Debate
In this episode, the introduction provides economic insights before a sponsor message from Real Approved Inc. The discussion covers the latest Bank of Canada interest rate update and relevant economic indicators. The impact of the rate cut on the mortgage and housing markets is analyzed. Equifax's forecast on mortgage activity and its implications are explored. The episode also delves into a CMHC report on rent controls and the ongoing housing supply debate. The episode wraps up with closing remarks and a reminder from the sponsor, Real Approved Inc.
Key Points
- The Bank of Canada is expected to announce a potential interest rate cut, which could significantly impact mortgage rates and the housing market.
- Equifax forecasts an uptick in mortgage activity, suggesting a possible recovery in the housing market driven by lower interest rates and policy changes.
- The Canada Mortgage and Housing Corporation's report argues that rent controls might hinder housing supply and advocates for policies that encourage new construction to address affordability and availability.
Chapters
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Transcript
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