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.
Bank of Canada Rates, Recession Predictions, and FSRA Licence Revocations
In this episode, the discussion opens with a welcome and introduction, followed by a sponsor message from Real Approved Inc. The focus then shifts to the Bank of Canada's interest rate decision and its implications for the Canadian economy. The episode explores trade tensions with the United States and potential recession predictions. Consumer spending patterns, business outlooks, and GTA home price trends are examined. The acquisition of First National Financial Corporation is discussed, along with the revocation of Expert Financial Corporation's licence by FSRA. The episode concludes with closing remarks and a sponsor mention from Real Approved Inc.
Key Points
- The Bank of Canada is expected to hold its overnight interest rate at 2.75% amid rising inflation and a resilient labor market.
- The Canadian Federation of Independent Business predicts a recession in 2025 due to low business confidence and ongoing trade tensions.
- First National Financial Corporation is set to be acquired by Birch Hill Equity Partners and Brookfield Asset Management in a $2.9-billion deal, taking the company private.
Chapters
| 0:00 | |
| 0:20 | |
| 0:41 | |
| 2:04 | |
| 5:09 | |
| 7:57 | |
| 10:53 | |
| 13:54 |
Transcript
Loading transcript...
- / -