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.
Federal Housing Loan, Financial Strategies, and February 2025 Housing Starts
In this episode, we kick off with an introduction and a message from our sponsor, Real Approved Incorporated. We discuss the federal government's $2.5 billion loan aimed at boosting rental housing in Toronto, including insights from the city's Mayor. The conversation shifts to financial strategies for rental projects, emphasizing the role of CMHC. We explore Equifax's new integrated mortgage solution and delve into First National Financial's latest mortgage products. Finally, we review the housing starts data in Canada for February 2025, providing a comprehensive look at the state of the market.
Key Points
- The federal government has committed over $2.5 billion in loans to support rental housing in Toronto, including below-market rentals to address the housing crisis.
- Equifax has introduced a new mortgage solution that integrates credit reports with employment status data, potentially revolutionizing how lenders assess mortgage applications.
- First National Financial offers a range of mortgage solutions through brokers, catering to diverse needs including those of self-employed individuals and people with lower credit scores.
Chapters
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Transcript
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