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.
Canada's Mortgage Arrears, Housing Affordability, and Market Insights
In this episode, we kick off with a welcome to the Ontario Mortgage & Real Estate Insights Podcast, followed by a sponsor message from Real Approved Inc. We discuss the rise in Canada's mortgage arrears, examining the economic factors contributing to this trend. The conversation then moves to the improvement in housing affordability and the role of government-backed mortgages. We also cover the decline in the Canadian 10-Year Bond Yield and its implications. The episode highlights the financial results of Firm Capital Mortgage Investment Corporation, and we note TMG The Mortgage Group's leadership transition and their 35th anniversary. We wrap up with closing remarks and a sponsor reminder.
Key Points
- Mortgage arrears in Canada have risen to their highest rate since early 2021, indicating financial stress among households amid a cooling housing market.
- Jagmeet Singh's proposal for low-interest, government-backed mortgages aims to assist first-time homebuyers in high-priced areas like Metro Vancouver and the Greater Toronto Area.
- Firm Capital Mortgage Investment Corporation reported a 9.9% increase in net income for the fourth quarter of 2024, reflecting strategic growth and prudent risk management in a volatile market.
Chapters
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| 0:20 | |
| 0:39 | |
| 2:09 | |
| 5:56 | |
| 8:19 | |
| 12:50 | |
| 16:22 |
Transcript
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