Episode 5
How the Bank of Canada's rate cut is shaping the housing market
Ontario Mortgage & Real Estate Insights Podcast · Sandy MacKay, Steve Hamoen
June 27, 202418m 43s
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Show Notes
Steve Hamoen discusses the Bank of Canada's interest rate cut, market conditions, advice for sellers, housing market influences, condo market challenges, FSRA's action against a mortgage agent, Deloitte's mortgage renewal forecast, refinancing benefits, and a Cambridge home sold at a loss.
(0:00) Welcome and introduction
(0:36) Impact of Bank of Canada's interest rate cut
(1:49) Increase in property listings and market conditions
(2:48) Advice for sellers in the current market
(3:29) Factors influencing the housing market
(4:28) Challenges in the condo market
(6:29) FSRA's actions against mortgage agent Manpreet Guy
(9:14) Deloitte Canada's summer forecast on mortgage renewals
(11:57) Benefits of refinancing a mortgage
(14:54) Cambridge home sold at a significant loss
(18:16) Closing remarks and thank you