Canadian Home Sales, Inflation Forecasts, and Ontario Housing Updates
The episode opens with a welcome and introduction, followed by a sponsor message from Real Approved Inc. The discussion then turns to Canadian home sales and the broader economic outlook, providing insights into current market conditions. An analysis of Canadian inflation data and interest rate forecasts is presented, highlighting potential impacts on the real estate sector. Updates on developments involving the Ontario government and the Real Estate Council of Ontario (RECO) are explored. The episode also delves into the challenges faced in meeting Canada's housing construction targets. It wraps up with closing remarks and a sponsor reminder, offering listeners a thorough understanding of the latest industry developments.
Key Points
- Canadian home sales increased by 0.9 percent in October, marking the sixth gain in seven months, although market activity remains softer than last year.
- The Bank of Canada is expected to keep its policy rate steady despite easing inflation, with core inflation measures nearing the Bank's target.
- Ontario's provincial government is considering a takeover of the Real Estate Council of Ontario following an audit that highlighted significant procedural failures and a $10 million trust fund shortfall involving iPro Realty.
Chapters
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| 0:22 | |
| 0:43 | |
| 3:31 | |
| 8:50 | |
| 11:05 | |
| 14:47 |
Transcript
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