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.
Toronto Zoning Changes, FSRA Actions, and GTA Market Trends
In this episode, we begin with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We explore Toronto's new zoning regulations for fiveplexes and sixplexes, discussing concerns about building height changes for basement units. We provide housing recommendations and highlight FSRA's recent action against a mortgage broker. The conversation shifts to real estate market trends in Newmarket, Aurora, and the Greater Toronto Area. Economic factors influencing the housing market are examined before the episode concludes with closing remarks and a reminder from our sponsor, Real Approved Inc.
Key Points
- Toronto's planning and housing committee has approved recommendations to allow fiveplexes and sixplexes in low-rise neighborhoods city-wide, aiming to introduce 'gentle density' to residential areas.
- Ontario's Financial Services Regulatory Authority has imposed a six thousand dollar penalty against mortgage broker Renkai Lin and suspended the mortgage brokerage license of ZK Financial Incorporated for two months.
- Newmarket has seen the biggest decline in house prices in York Region, with an 8.43 percent drop year-on-year, reflecting broader supply and demand dynamics in the real estate market.
Chapters
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Transcript
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