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.
Ontario Housing Trends, Mortgage Rates, and U.S. Market Impacts
In this episode, we begin with a welcome and a sponsor message from Real Approved Inc. We then provide an overview of Ontario's housing market, examining the impact of new condos. The discussion moves to trends among multi-property owners and indicators of financial stress. We explore the experiences of first-time homebuyers and current renovation trends. Key developments at First National Mortgage are highlighted, followed by an analysis of the Canadian mortgage rates landscape. The conversation shifts to the impact of U.S. tariff policies on investors and recent developments in the U.S. job market. The episode concludes with closing remarks and a sponsor reminder from Real Approved Inc.
Key Points
- Toronto's condo market saw significant activity in 2024, with new completions contributing to a sluggish resale market.
- Multi-property owners are adopting a more cautious approach, with most owning just two or three properties, and new investors making up a substantial portion of transactions.
- First National experienced a rise in residential mortgage funding but faced challenges with narrower margins and increased expenses, affecting their profit growth.
Chapters
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| 13:45 |
Transcript
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