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 221: Variable Mortgages, Housing Taxes, and Canada's Construction Outlook
In this episode, we kick off with a sponsor message from Real Approved Inc. and dive into the resurgence of variable-rate mortgages, balancing savings and risks. We discuss policy rate reductions, mortgage penalties, and options for risk-averse borrowers. We also explore Canada's construction sector growth, building permit forecasts, and the impact of tariffs on home prices. Aument Capital's Middle East expansion is highlighted, along with housing market taxes and proposed reforms. Finally, we address strategies to build 1.5 million homes by 2031 and a local Hespeler land severance story with broader implications.
Key Points
- Variable-rate mortgages are gaining popularity due to recent rate cuts by the Bank of Canada, making them nearly equivalent to fixed rates for the first time since November.
- The Canadian construction sector saw a significant increase in building permits in 2024, driven by a surge in residential permits, particularly in multi-unit housing.
- Concerns are rising over the potential impact of U.S. tariffs on Canadian steel and aluminum, which could further strain the housing market by increasing construction costs and affecting home prices.
Chapters
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Transcript
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