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.
Episode 223: BC Real Estate, AI in Mortgages, and Affordable Housing Initiatives
In this episode, we explore the latest trends in the British Columbia real estate market and what they mean for buyers and sellers. We delve into the evolution of mortgage technology and the challenges the industry faces in adapting to these changes. The potential impact of artificial intelligence on the mortgage industry is examined, offering insights into future developments. We also discuss Equifax UK's partnership with OneID® and advancements in digital identity verification. Lastly, we cover the Government of Canada's partnership with Hautes-Terres to enhance affordable housing initiatives, highlighting efforts to address housing affordability.
Key Points
- Residential sales in British Columbia increased by 6.4% in January 2025 compared to last year, but remain 12% below the 10-year average, indicating partial recovery.
- Despite the influx of new mortgage technologies, many brokers continue to rely on traditional methods like email and Excel due to their substantial returns and minimal investment requirements.
- The Canadian government, in collaboration with the municipality of Hautes-Terres, is expediting the construction of 63 homes as part of the Housing Accelerator Fund, aimed at fast-tracking 112,000 new homes by 2028.
Chapters
| 0:00 | |
| 3:33 | |
| 5:30 | |
| 5:58 | |
| 8:48 |
Transcript
Loading transcript...
- / -