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 188: Fairstone-Home Trust Merger, TRESA Reforms, and GTA Luxury Market Trends
In this episode, we start with a sponsor message from Real Approved Inc. and discuss the Fairstone Bank of Canada and Home Trust Company merger. We explore the Trust in Real Estate Services Act (TRESA) Phase Two reforms, mortgage rates, and strategies for securing the best deals. We also look at trends in the Greater Toronto Area's luxury housing market, mortgage trends among seniors, reverse mortgages, and Canadians' financial concerns, especially credit reliance. Housing affordability, rental market dynamics, and year-over-year rent changes in key markets are also covered. We wrap up with closing remarks and another sponsor message from Real Approved Inc.
Key Points
- The merger of Fairstone Bank of Canada and Home Trust Company has been finalized, creating a stronger entity in the Canadian alternative lending market.
- Phase Two of the Trust in Real Estate Services Act (TRESA) has introduced significant reforms to increase transparency and fairness in Ontario's real estate industry.
- The Greater Toronto Area's luxury housing market has seen a significant surge in purchase activity, driven by recent interest rate cuts and strong equity markets.
Chapters
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Transcript
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