Mortgage Market Rebound, Affordability Challenges, and MIC Trends
In this episode, the discussion begins with a welcome and introduction, followed by a sponsor message from Real Approved Inc. The conversation then shifts to the mortgage market rebound and consumer credit trends, exploring housing market trends and affordability challenges. The episode examines the credit landscape, inflation impact, and mortgage renewals. The evolving landscape of Mortgage Investment Corporations is discussed, along with Bank of Canada's policy changes and borrower profiles in MICs. Economic factors influencing fixed income investments and investment strategies in bonds and currency hedging are explored. The episode wraps up with closing remarks, a preview of the next rate decision, and a final sponsor message from Real Approved Inc.
Key Points
- Mortgage originations in Canada saw a significant rebound with a 51% year-over-year increase in the first quarter of 2025, driven largely by younger buyers like Millennials and Generation Z.
- Despite a recovery in the housing market, affordability challenges persist, with the average new mortgage loan amount rising 6.9% year-over-year to $368,432, particularly in high-priced regions like Ontario and British Columbia.
- Institutional interest in Canada's Mortgage Investment Corporation space is growing, providing more flexibility for borrowers and creating new investment opportunities in a market with fewer documentation requirements and quicker turnarounds.
Chapters
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| 0:40 | |
| 1:26 | |
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| 3:29 | |
| 5:12 | |
| 6:46 | |
| 9:10 | |
| 10:31 | |
| 10:44 |
Transcript
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