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.
Toronto Sales Drop, Montreal's Market Rise, and Mortgage Trends in Episode 70
This episode begins with a welcome and an introduction to the main topics. It covers market updates, discussing the drop in home sales in Toronto, Calgary's sales decline, and Vancouver's shift to a buyer's market. Insights into Montreal's residential sales increase and shelter inflation are also provided. The episode examines mortgage trends, including rising costs and market stabilization efforts. The importance of relationships with mortgage brokers is highlighted. Desjardins' perspective on Ottawa’s housing supply efforts is discussed. Finally, the episode announces a partnership between TMG The Mortgage Group and Mortgage Outlet.
Key Points
- Home and condo sales in Toronto and Calgary have dropped significantly as buyers await further interest rate cuts from the Bank of Canada.
- Montreal saw a 6.4% increase in residential sales in June, making it a bright spot amid a generally sluggish Canadian real estate market.
- A new report by Desjardins suggests Ottawa’s housing supply targets are overly optimistic due to regulatory hurdles and constraints on labor, materials, and financing.
Chapters
| 0:00 | |
| 0:20 | |
| 5:28 | |
| 8:01 | |
| 10:10 | |
| 11:52 | |
| 14:34 |
Transcript
Loading transcript...
- / -