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 185: Ontario Real Estate Trends, Home Price Decline, and 2025 Market Predictions
In this episode, we start with an introduction and sponsor message before diving into recent developments in the Ontario real estate market and the impact of interest rates. We explore the decline in home prices, examining its implications and the factors influencing the market. The challenges associated with pre-construction purchases and insights into mortgage affordability are discussed. We then look into broker-lender dynamics and predictions for 2025. Updates on new housing laws and regulations in Ontario are provided to keep listeners informed. The episode concludes with closing remarks and a final sponsor message.
Key Points
- The Toronto Regional Real Estate Board anticipates increased housing affordability in 2024 due to lower interest rates and a decrease in home prices.
- Pre-construction property buyers should be prepared for unexpected costs and market fluctuations, as illustrated by a recent cautionary tale involving appraisal issues and additional out-of-pocket expenses.
- New housing laws and regulations in Ontario, including the Rental Renovation Licence By-Law and amendments to the Ontario Building Code, aim to address challenges in affordability, availability, and tenant protection.
Chapters
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Transcript
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