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 Housing Affordability, Market Trends, and Energy Efficiency Insights
In this episode, we begin with a welcome and a sponsor message from Real Approved Inc. The episode features a debate on housing affordability, examining various government perspectives. We then delve into the current state of Ontario's real estate market and its economic impacts. Insights from the CMHC Mortgage Consumer Survey are discussed, shedding light on consumer behavior and attitudes. We also explore emerging trends in home energy efficiency and the growing popularity of secondary suites. The episode wraps up with closing remarks and a sponsor message from Real Approved Inc.
Key Points
- Efforts to build more below-market housing units, while helpful, won't solve the middle-class housing crisis according to experts like Mike Moffatt.
- The trend of Canadians paying the maximum price they can afford for homes has increased, with 60% of buyers stretching their finances to the limit.
- Despite the financial strain, 74% of homebuyers remain optimistic that their home will increase in value over the next year.
Chapters
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Transcript
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