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 Homebuyer Protections, Toronto Condo Trends, and Federal Election Impacts
In this episode, we kick off with a welcome and introduction, followed by a sponsor message from Real Approved Inc. We explore a new protection mechanism for Ontario home buyers, highlighting Tarion's initiative. The discussion shifts to the role of industry professionals in educating homebuyers. We examine NerdWallet Canada's Down Payment Monitor, focusing on regional disparities. The conversation continues with an analysis of Ontario's real estate market changes since the last federal election and a look at Toronto condo market trends. We also discuss the impact of the federal election on monetary and fiscal policies. The episode wraps up with closing remarks and a sponsor reminder.
Key Points
- Ontario will introduce a new protection mechanism for new home buyers starting July 1, 2025, encouraging them to notify Tarion within 45 days of entering their purchase and sale agreement to enhance transparency and safety in the home buying process.
- A recent report highlights the regional disparities in down payment requirements across Canadian provinces, showing that while British Columbia and Ontario present significant hurdles for first-time buyers, provinces like Saskatchewan offer more accessible entry points.
- Since the last federal election, home prices in Toronto and the Greater Toronto Area have seen varied changes, with some ridings experiencing declines and others showing modest increases, reflecting the complex landscape of Ontario's real estate market.
Chapters
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Transcript
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