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.
GTA Market Trends, Oxford Development, and Private Lending Insights
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 a report by the Canadian Real Estate Association on home sales and market activity in the Greater Toronto Area. The episode analyzes the national sales-to-new-listings ratio and housing starts, highlighting regional variations and challenges in the condominium market. A focus on Oxford Properties Group's rental development in Scarborough is provided. The rise of alternative and private lending in Canada's mortgage market is explored, followed by an assessment of the current state of Ontario's housing market.
Key Points
- Home sales in Canada saw a 2.8% increase in June compared to May, marking the second consecutive month of growth, though new listings dropped by 2.9%, indicating a tightening supply.
- Canada's housing starts remained stable in June, with significant regional variations, including a 74% jump in Vancouver and a 40% drop in Toronto, highlighting differing market dynamics.
- The rise of alternative and private lending in Canada's mortgage market is becoming a viable option for many borrowers, driven by affordability challenges and increased conservatism among traditional banks.
Chapters
| 0:00 | |
| 0:19 | |
| 0:39 | |
| 1:56 | |
| 4:09 | |
| 8:49 | |
| 12:03 | |
| 14:46 |
Transcript
Loading transcript...
- / -