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.
Market Trends, Regulatory Changes, and Housing Forecasts
The episode kicks off with Sandy MacKay and a sponsor message from Real Approved Inc. It covers brokerages' handling of interest on trust account funds and the importance of Schedule B disclosures. Regulatory changes for fairness in real estate, CMHC's housing construction goals, and the Bank of Canada's lending rate decision are analyzed. Insights into residential construction productivity, Bill 60's impact on Ontario's market, and Toronto's market shifts are explored. Re/Max's 2026 forecast and Lindsay Smith's home pricing strategies are discussed, highlighting challenges for move-up buyers. The episode wraps up with closing remarks and a teaser for the next episode.
Key Points
- Ontario brokerages are exploiting a loophole in real estate law to pocket interest on trust account funds, which should belong to homebuyers.
- The Canada Mortgage and Housing Corporation (CMHC) urges doubling the pace of housing construction to address the affordability crisis, requiring major systemic changes and innovations in the industry.
- The Bank of Canada's decision to hold the overnight lending rate steady at 2.75% reflects caution amid economic uncertainties, impacting both commercial property professionals and consumer confidence.
Chapters
| 0:00 | |
| 0:21 | |
| 0:42 | |
| 1:37 | |
| 2:01 | |
| 3:42 | |
| 4:06 | |
| 7:02 | |
| 10:20 | |
| 12:43 | |
| 15:43 | |
| 18:16 | |
| 20:53 | |
| 23:51 | |
| 26:39 | |
| 26:51 | |
| 27:14 |
Transcript
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