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.
GTA Housing Trends, Interest Rate Policies, and Market Accessibility Updates
In this episode, Sandy MacKay and Steve Hamoen dive into the Greater Toronto Area's housing market trends, focusing on market competition, new listings, and price adjustments across regional property segments. They analyze sales activity amidst these fluctuations, noting increased stabilization and sales in various home types, aided by lower prices and rates. The impact of the Bank of Canada's interest rate policies and demographic influences on the mortgage landscape are explored. Affordability trends, regional market differences, and updates to the Bank of Canada's inflation measurement are discussed. The episode concludes with mortgage rates of the week and closing remarks.
Key Points
- The Greater Toronto Area saw an 8.5 percent rise in home sales in September, driven by a recent interest rate cut that made monthly mortgage payments more affordable.
- Despite a drop in average home prices by 4.7 percent from last year, new listings have decreased, potentially creating a more competitive market.
- The Bank of Canada's recent interest rate cut to 2.5 percent aims to balance economic growth and inflation, with potential further cuts that could positively impact the housing market.
Chapters
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| 0:21 | |
| 0:39 | |
| 1:49 | |
| 2:07 | |
| 3:10 | |
| 4:09 | |
| 6:08 | |
| 7:29 | |
| 10:44 | |
| 13:48 | |
| 17:04 | |
| 19:53 | |
| 22:03 |
Transcript
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