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.
Rate Cuts, Bond Yields, and Canadian Housing Market Shifts
The episode begins with an introduction by Sandy MacKay, followed by a sponsor message from Real Approved Inc. The discussion focuses on the recent drop in Canadian 10-year government bond yields and the effects of U.S. Treasury yields on the market. Anticipation around the Bank of Canada's potential rate cut is explored. The episode examines the decline in housing starts and the uneven housing outlook across Canada. Legal action against iPro Realty executives is highlighted, alongside an analysis of the latest Canadian Consumer Price Index data. The episode concludes with closing remarks and a reminder from the sponsor, Real Approved Inc.
Key Points
- The Canadian 10-year government bond yield has dropped to a four-month low, prompting discussions about potential rate cuts by major North American central banks.
- The annual pace of housing starts in Canada fell by 16 percent in August, reflecting a broader slowdown in urban areas with populations of 10,000 or more.
- Ontario's real estate regulator has taken legal action against former iPro Realty executives over allegations of trust fund theft, highlighting the importance of transparency and accountability in real estate transactions.
Chapters
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Transcript
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