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.
Toronto Housing Trends, RBC Earnings, and iPro Realty Collapse
In this episode, the welcome and introduction feature an analysis of the Toronto-area housing market, followed by a sponsor message from Real Approved Inc. We examine inventory levels and price trends, and discuss the Royal Bank of Canada's earnings report. The episode covers the upcoming Bank of Canada monetary policy review and the impact of seniors holding onto homes. We delve into mortgage renewal rates and the role of brokers, and address the collapse of iPro Realty Ltd. and RECO's response. The episode concludes with closing remarks and a sponsor reminder.
Key Points
- July 2025 marked the worst month on record for new home sales in the Toronto area, with a 48 percent decrease compared to July 2024 and an 82 percent drop from the 10-year average.
- RBC's recent earnings report shows a concerning trend of rising mortgage delinquencies, especially in Toronto and Vancouver, despite the bank's overall strong performance.
- The collapse of iPro Realty Ltd. has led to significant scrutiny and an independent audit by Dentons Canada LLP to restore trust and ensure better regulatory oversight in Ontario's real estate market.
Chapters
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| 16:12 |
Transcript
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