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.
Housing Affordability Gains, Mortgage Delinquencies, and Economic Insights
The episode opens with an introduction and a discussion on housing affordability, followed by a sponsor message from Real Approved Inc. It highlights recent gains in housing affordability in Toronto and Vancouver, while also addressing challenges faced in Montreal and Halifax. The decline in local housing construction in Greater Vernon is examined, along with rising mortgage delinquencies across Canada. Economist Benjamin Tal provides insights into Canada's current economic status. The episode also covers the Federal Housing Minister's stance on housing prices, and explores the Canadian dollar's performance amidst inflation impacts. It concludes with closing remarks and a sponsor message.
Key Points
- Toronto and Vancouver have shown the largest improvements in home-buying affordability, with significant drops in home prices and required income.
- Despite a notable decline in housing starts in some regions like Greater Vernon and Kelowna, national housing construction has increased, highlighting regional disparities.
- Rising mortgage delinquencies and economic shifts, including higher interest rates and inflation, are impacting the housing market, emphasizing the need for informed financial planning.
Chapters
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| 12:06 | |
| 15:29 | |
| 17:48 |
Transcript
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