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.
iPro Realty Closure, Mortgage Trends, and RBC's Construction Cliff Warning
In this episode, the discussion opens with a welcome and introduction, followed by a sponsor message from Real Approved Inc. Attention turns to the closure of iPro Realty Limited, offering industry advice for those impacted. The conversation then explores trends in private mortgage lending and delinquencies. RBC's report on housing starts and the potential "construction cliff" is analyzed next. The episode highlights a partnership between Mortgage Professionals Canada and Habitat for Humanity. A TD Bank survey on interest rates and mortgage perceptions is discussed. The episode concludes with closing remarks and a sponsor reminder from Real Approved Inc.
Key Points
- Approximately two thousand four hundred real estate agents are out of work following the closure of iPro Realty Limited due to a substantial financial shortfall.
- The Financial Services Regulatory Authority of Ontario reported a decline in private mortgage lending for 2024, despite an overall increase in mortgage activity.
- A partnership between Mortgage Professionals Canada and Habitat for Humanity Canada aims to address housing affordability challenges by building ten homes across the country.
Chapters
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Transcript
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