Episode 100: New Mortgage Reforms, Housing Affordability, and Toronto Market Update

Ontario Mortgage & Real Estate Insights Podcast

In our milestone 100th episode, we explore Canada's latest mortgage reforms, including stress test removal and changes in amortization periods. We discuss government initiatives for housing affordability and trade-offs in mortgage terms. Learn about shifts in mortgage and central bank rates, plus the U.S. economy's impact on Canadian rates. Get practical tips for navigating today's market and insights on ninety percent refinances. Updates on anti-money laundering in mortgage brokerage, a Greater Toronto Area real estate market update, effects of slow sales, and insights from Altus Group on commercial real estate round out the episode. (0:00) Introduction and episode milestone (0:28) Overview of new Canadian mortgage reforms and removal of stress tests (1:20) Mortgage changes: Extension of amortization periods and cap increases (2:11) Government initiatives for housing affordability and mortgage term trade-offs (2:50) Mortgage rates and central bank rate changes (4:05) Influence of the U.S. economy on Canadian rates (5:02) Tips for mortgage hunters in the current market (6:07) The resurgence of ninety percent refinances (7:38) Anti-money laundering regulations in mortgage brokerage (11:52) Real estate market update in Greater Toronto Area (14:36) Effects of slow sales on market inventory and buyer behavior (18:51) Altus Group's commercial real estate insights (21:23) Closing remarks and episode wrap-up