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.
Housing Starts, Inflation Trends, and Industry Regulatory Updates
In this episode, we begin with an introduction and a federal government update, followed by a sponsor message from Real Approved Inc. We explore the latest CMHC housing starts data and discuss trends in inflation and interest rates. The episode covers FSRA's action against a mortgage agent and RECO's decision regarding the iPro Realty co-founders. We also provide an update on Royal LePage's expansion efforts. The episode concludes with closing remarks and a reminder of our sponsor.
Key Points
- The federal government is expected to make a major housing announcement that could significantly impact the housing market across Canada.
- Canada Mortgage and Housing Corporation data shows a 4 percent rise in housing starts in July, with notable regional differences, including a 69 percent drop in Toronto and a 212 percent increase in Montréal.
- The Financial Services Regulatory Authority of Ontario is taking action against mortgage agent Shawn Leonard Ruccia for arranging high-cost mortgages unsuitable for seniors, highlighting the importance of ethical standards and regulatory oversight in the industry.
Chapters
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| 15:12 |
Transcript
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