Episode 60
Mortgage Delinquencies, Market Strain, and Homeownership Trends in Episode 60
Ontario Mortgage & Real Estate Insights Podcast · Sandy MacKay, Steve Hamoen
August 28, 202421m 10s
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Show Notes
This episode begins with a welcome and an overview of the topics to be discussed. It examines the surge in mortgage delinquencies and financial stress in Ontario. The impact of high interest rates on mortgage renewals and market strain is analyzed. Updates to Ontario's provincial planning rules are reviewed. The episode discusses the decline in home and condominium sales. Attitudes toward homeownership among Millennials and Generation Z are explored. Guidance on what to do if your mortgage renewal is declined is provided. The episode concludes with a wrap-up.
(0:00) Welcome and episode overview
(0:17) Surge in mortgage delinquencies and financial stress in Ontario
(2:29) High interest rates' impact on mortgage renewals and market strain
(4:08) Updates to Ontario's provincial planning rules
(6:34) Decline in home and condominium sales
(10:15) Homeownership attitudes among Millennials and Generation Z
(14:40) What to do if your mortgage renewal is declined