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.
Episode 220: Policy Rate Forecasts, Rental Market Trends, and Economic Insights
In this episode, we start with an introduction and a sponsor mention. We examine the Bank of Canada and the Big Six banks' policy rate forecasts, providing insights into GDP growth, the housing market, and inflation. The discussion extends to bond yields and the Canadian dollar forecast. Updates from Bank of America and Toronto-Dominion Bank are explored. We then focus on Ontario's rental market trends and their impacts, highlighting potential opportunities within the market.
Key Points
- Economists predict the Bank of Canada will lower its policy rate to 2.5% with further cuts expected, reflecting a more dovish outlook compared to previous forecasts.
- Toronto-Dominion Bank is divesting a $9 billion residential mortgage portfolio to Bank of America as part of its strategy to streamline operations and comply with regulatory requirements.
- Ontario's rental market is experiencing a significant decline in rent prices, with cities like Toronto seeing average apartment rents 7.1% cheaper than a year ago, contrasting with rising rents in other parts of Canada.
Chapters
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Transcript
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