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 Trends, and Ontario Real Estate Legislative Updates
In this episode, we begin with a welcome and introduction, followed by a sponsor message from Real Approved Incorporated. We explore the factors influencing Canadian mortgage rates and examine trends in mortgage renewals and home purchases. The discussion shifts to a national decline in home sales and a market analysis, with a focus on Toronto's evolving real estate landscape. We cover Ontario's legislative updates, particularly Bill 2, and provide an enforcement update from the Financial Services Regulatory Authority (FSRA) involving Razer Capital Corporation. The episode concludes with closing remarks and a reminder of our sponsor.
Key Points
- Canadian fixed mortgage rates are rising again, with five-year fixed rates at major banks now above four percent, influenced by the U.S. ten-year Treasury yield.
- Toronto's real estate market has become more buyer-friendly, with 66% of homes selling below asking price in April, marking the highest percentage for the month in over a decade.
- The Financial Services Regulatory Authority of Ontario has imposed a $15,000 penalty on Razer Capital Corporation for administering mortgages without the necessary license, highlighting the importance of compliance in the mortgage industry.
Chapters
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| 0:22 | |
| 0:45 | |
| 3:55 | |
| 4:31 | |
| 6:07 | |
| 10:32 | |
| 14:22 | |
| 17:07 |
Transcript
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