Episode 292
Toronto Home Affordability, Mortgage Rate Trends, and Alternative Lending Opportunities
Ontario Mortgage & Real Estate Insights Podcast · Sandy MacKay, Steve Hamoen
April 24, 202515m 22s
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Show Notes
In this episode, we kick off with an introduction to Ontario Mortgage & Real Estate Insights. A sponsor message from Real Approved Inc. follows. We explore the salary requirements for buying a home in Toronto, providing a detailed look at affordability. The discussion then shifts to the Bank of Canada's influence on mortgage rates and the current trends in variable versus fixed mortgage rates. We assess the status of non-bank mortgage lenders and the effects of British Columbia's short-term rental regulations. The episode also highlights opportunities in the alternative lending market for brokers. We wrap up with closing remarks and another sponsor acknowledgment from Real Approved Inc.
(0:00) Introduction to Ontario Mortgage & Real Estate Insights
(0:21) Sponsor: Real Approved Inc.
(0:42) Buying a home in Toronto: Salary requirements
(1:49) Bank of Canada's influence on mortgage rates
(3:15) Variable vs. Fixed mortgage rates: Current trends
(6:17) The status of non-bank mortgage lenders
(9:41) Effects of British Columbia's short-term rental regulations
(12:32) Opportunities in the alternative lending market for brokers
(14:38) Closing remarks and Sponsor: Real Approved Inc.