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.
Spring Market Trends, Neighborhood Insights, and Private Lending Competition
In this episode, we begin with a welcome and a sponsor introduction from Real Approved Inc. We explore spring real estate market trends and home sales dynamics, offering insights into neighborhood market performance, best value, and sales velocity. The discussion shifts to private lending, Mortgage Investment Corporations (MICs), and the standards for mortgage agents. We examine borrower challenges and the competition in private lending. The episode concludes with closing remarks and a reminder of our sponsor, Real Approved Inc.
Key Points
- New listings in the Greater Toronto Area increased by 8.1 percent in April compared to last year, but home sales dropped by 23.3 percent.
- Homes in some Greater Toronto Area neighborhoods are selling exceptionally fast, often within seven to ten days, indicating high demand in those areas.
- Industry leaders are calling for higher educational standards for mortgage agents, especially in the private lending and MICs sector, to ensure better client guidance and industry integrity.
Chapters
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Transcript
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