Episode 429
Industry Updates, Debt Trends, and Mortgage Rate Insights
Ontario Mortgage & Real Estate Insights Podcast · Sandy MacKay, Steve Hamoen
September 12, 202513m 56s
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Show Notes
In this episode, the introduction includes a sponsor message from Real Approved Inc. The discussion begins with RECO's actions against iPro Realty and the broader implications for the real estate industry. RBC's report on Canadian household net worth and emerging market trends is analyzed. We explore debt trends, focusing on servicing costs and debt-to-income ratios. Insights from Equifax Canada's survey on refinancing and lender switching are shared. The episode includes a mortgage rate update, highlighting the best fixed and variable rates currently available. The episode concludes with closing remarks and a sponsorship reminder from Real Approved Inc.
(0:00) Introduction and Sponsor: Real Approved Inc.
(0:45) RECO's actions against iPro Realty and implications for the industry
(3:30) RBC's report on Canadian household net worth and market trends
(5:00) Debt trends: servicing costs and debt-to-income ratios
(7:08) Equifax Canada's refinancing and lender switching survey insights
(10:45) Mortgage rate update: best fixed and variable rates
(12:56) Closing remarks and sponsorship reminder