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.
Episode 201: BoC Rate Predictions, TD Mortgage Sale, and Ottawa Housing Trends
In this episode, Steve Hamoen welcomes listeners and kicks off with an analysis of the Bank of Canada's latest interest rate announcements and predictions. The discussion explores how these rates affect consumer spending and mortgage dynamics. We then delve into TD Bank's recent mortgage sale and restructuring efforts. The episode highlights trends in Ottawa's housing market and Canada's future housing needs, considering the impact of federal immigration levels. We address challenges developers face in the current market and provide a summary of Canada's evolving housing landscape. The episode concludes with a sponsor message from Real Approved Inc.
Key Points
- The Bank of Canada is expected to announce a potential 25 basis point cut to the overnight lending rate, which could impact consumer spending and mortgage payments.
- TD Bank plans to sell approximately $9 billion in residential mortgages to adjust its balance sheet in response to an asset cap imposed by U.S. regulators.
- Canada's long-term housing needs are projected to decrease by 500,000 homes by 2035 due to an anticipated decline in the population driven by recent changes in immigration policy.
Chapters
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| 0:37 | |
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| 11:20 | |
| 12:09 | |
| 12:24 |
Transcript
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