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.
Canadian Housing Trends, Central Bank Insights, and Toronto Renters' Challenges
The episode kicks off with an introduction and weekly economic highlights, followed by a mention of the sponsor, Real Approved Inc. It provides updates on the Canadian housing market, focusing on building permits, sales, and housing starts. Insights from Central Bank speeches by Carolyn Rogers and Tiff Macklem are explored. The discussion shifts to U.S. housing trends and Canadian lumber tariffs. Zoocasa's report highlights financial hurdles faced by Toronto renters. Updates from the Toronto Regional Real Estate Board (TRREB) are shared before concluding with an episode wrap-up and a reminder of the sponsor.
Key Points
- The new tariffs on Canadian lumber and furniture are expected to increase construction costs, potentially slowing new home builds and raising renovation expenses.
- Renters in Toronto face significant affordability challenges, needing to earn more than double the minimum wage to afford a one-bedroom apartment.
- The Toronto Regional Real Estate Board is restructuring its technology subsidiary, PropTx, to better align with emerging technologies and user needs, ensuring it remains competitive in the evolving real estate market.
Chapters
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| 0:23 | |
| 1:13 | |
| 2:41 | |
| 3:24 | |
| 6:26 | |
| 9:16 | |
| 12:03 |
Transcript
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