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 Market Analysis, Federal Election Impact, and Multi-Unit Lending Surge
In this episode, we begin with an introduction and warm welcome, followed by a sponsor message from Real Approved Inc. We analyze the latest report from the Toronto Regional Real Estate Board, providing insights into current market dynamics. The discussion then shifts to the impact of trade issues and the federal election on the real estate market. We explore factors contributing to buyer hesitation and examine recent market trends. The episode also highlights the surge in CMHC-insured multi-unit lending and discusses how Canada's merchandise trade balance affects the real estate sector. We conclude with closing remarks and a sponsorship reminder.
Key Points
- Home sales in the Greater Toronto Area dropped by 23.1% in March, with significant declines across all property types.
- Economic uncertainties, including trade issues and an upcoming snap election, are causing potential buyers to adopt a cautious approach, impacting the real estate market.
- CMHC-insured multi-unit lending has surged nearly 75%, driven by favorable loan terms for developers meeting affordability, energy efficiency, and accessibility benchmarks.
Chapters
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Transcript
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