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.