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.
Episode 148: OREA Policies, CMHC Critique, and Impact of Mortgage Stress Tests
In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then delve into the Ontario Real Estate Association's policy recommendations and the Real Estate Council of Ontario's discipline process. Mark Morris provides a critique of CMHC insurance and shares economic insights. We discuss mortgage stress tests and their impact on the housing market, followed by an analysis of five-year hybrid mortgages. The episode also covers FSRA's enforcement actions in the mortgage sector. We wrap up with closing remarks and another sponsor message from Real Approved Inc.
Key Points
- The Ontario Real Estate Association (OREA) has proposed a two-year articling and mentorship requirement for new real estate agents to ensure they are well-prepared and knowledgeable.
- Mark Morris, a real estate lawyer, argues that the Canada Mortgage and Housing Corporation (CMHC) insurance has become a major driver of real estate demand, contributing to inflated housing prices.
- The Financial Services Regulatory Authority (FSRA) of Ontario has imposed significant penalties on mortgage agent Jaswinder Dhanoa for submitting falsified documents and failing to maintain necessary mortgage transaction records.
Chapters
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| 14:30 |
Transcript
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