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.
Mortgage Rates, Market Confidence, and Homeownership Disparities in Ontario
In this episode, we begin with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We delve into the Bank of Montreal's Real Financial Progress Index, examining its insights into market confidence. The discussion then shifts to financial help and shared ownership trends amid rising mortgage rates. We explore how recent inflation data is impacting mortgage rates and the implications for homeowners. Additionally, we highlight a study on the homeownership gap and disparities affecting different demographics. The episode wraps up with closing remarks and a sponsor reminder from Real Approved Inc.
Key Points
- Economic anxiety and fears of a looming recession are causing a significant number of Canadians to delay home buying plans.
- Rising bond yields, driven by hotter-than-expected inflation data, are set to increase fixed-rate mortgage costs, impacting affordability for potential homebuyers.
- A study by Simon Fraser University reveals a growing reliance on mortgage debt for homeownership and a widening gap in ownership rates, particularly affecting younger and lower-income Canadians.
Chapters
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Transcript
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