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.
Ontario Market Trends, iPro Realty Shutdown, and FSRA Lending Insights
In this episode, the conversation begins with welcome remarks and a roundup of industry headlines, followed by a sponsor message from Real Approved Inc. The episode then delves into the shutdown of iPro Realty Ltd. due to financial mismanagement, and discusses support for affected agents and clients. The discussion shifts to Ontario housing market trends, including recent price declines, and a FSRA report on private mortgage lending. Updates on Ontario's Building Faster Fund are provided, along with FSRA enforcement actions involving mortgage agent Viviana Prentice. A Canadian dollar market update is also featured. The episode wraps up with closing remarks and a sponsor mention.
Key Points
- iPro Realty Ltd. has been ordered to shut down due to financial mismanagement, affecting 2,400 real estate agents across Ontario.
- Home prices are on the decline in several communities across southern Ontario, with notable drops in Hamilton and Toronto.
- The Financial Services Regulatory Authority of Ontario has imposed a $30,000 penalty and conditions on mortgage agent Viviana Prentice for regulatory violations.
Chapters
| 0:00 | |
| 0:19 | |
| 0:39 | |
| 2:14 | |
| 2:46 | |
| 5:40 | |
| 7:56 | |
| 10:48 | |
| 13:33 | |
| 16:25 |
Transcript
Loading transcript...
- / -