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.
Toronto Condo Trends, Mortgage Shifts, and Federal Impact on Real Estate
The episode opens with an introduction and an analysis of the Toronto condo market, followed by a sponsor message from Real Approved Incorporated. Challenges faced by investors and landlords are discussed, along with the influence of millennials on sales. Opportunities for renters and first-time buyers are explored, highlighting current market conditions. The conversation shifts to mortgages in arrears and changing mortgage preferences. The impact of the federal deficit on mortgage rates is examined, alongside a CIBC forecast on the mortgage market and Canadian economic performance. The resilience of real estate prices across provinces is also discussed. The episode concludes with closing remarks and a sponsor message.
Key Points
- Toronto's condo market is experiencing significant downturns, with new condo sales in the Greater Toronto Area dropping by 59 percent compared to last year and recovery not expected until at least 2028.
- Canada's mortgage market shows resilience with a national arrears rate of just 0.23 percent as of July 2025, indicating strong financial health among Canadian households despite a slight upward trend in arrears.
- The recent rate cut by the Bank of Canada has spurred a shift in consumer preferences towards variable-rate mortgages, with a noticeable increase in demand as borrowers seek to take advantage of lower borrowing costs.
Chapters
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Transcript
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