In this episode, we start with an introduction and sponsor mention before diving into the topics of digital identity verification and the benefits of Open Banking. We explore Equifax's Apply+ technology and its potential impacts on the industry. The discussion then shifts to recent awards and updates regarding the Equifax data breach settlement, hi…

Learn the secrets of financing investment properties in Ontario. This class is Module 14 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the 14 financing options for buying rental properties? What is PMI and why would you ever pay for insurance to protect the lender? How paying the lender can …

Have a real estate question? Click here to text me! - Phil On this episode of The London Ontario Real Estate Podcast host and local real estate agent Phil Bailey chats with Spencer Murray, a Mortgage Broker in London, about new mortgage rules coming into play on December 15, interest rates, and those Trump Tariffs! How will this impact the market i…

In this episode, we begin with a welcome and sponsor introduction before delving into the mortgage outlook and the Bank of Canada's interest rate predictions for 2025. We then explore lender competitiveness in the current market climate, highlighting a sense of cautious optimism. The discussion shifts to strategic financial decisions homeowners sho…

In this episode, we begin by discussing the prime rate and its impact on mortgages, providing a foundation for understanding the economic implications of the Bank of Canada's policy rate. We compare variable, adjustable, and fixed mortgage rates, offering insights into managing mortgage rate fluctuations and strategic planning. The episode explores…

In this episode, we begin with an introduction and sponsor message before exploring affordable neighborhoods in the Greater Toronto Area, offering insights into potential opportunities for buyers. We then discuss Canadian mortgage relief measures amidst current economic challenges, providing context for homeowners. The episode also covers monetary …

In this episode, we start with an introduction and sponsor shoutout before delving into the RBC Economics report on home affordability, which includes a forecast extending through 2025. This provides valuable insights into the affordability challenges and expectations for the coming years. We then discuss the National Bank's acquisition of Canadian…

In this episode, we start with a welcome and sponsor message before diving into a survey examining Canadian mortgage holder anxiety, placing it within the broader context of mortgage renewals. We discuss consumer sentiment and the various types of mortgages available in Canada. The episode highlights a home affordability report by Royal Bank of Can…

In this episode, we begin with an introduction and sponsor message before discussing BMO's updates on the OSFI stress test for uninsured mortgage switches. We then delve into Canadian homebuyer sentiment and current market trends, highlighting key factors influencing the housing landscape. The episode explores the First Home Savings Account (FHSA) …

In this episode, we begin with an introduction and sponsor mention, then explore the Federal Reserve's impact on Canadian mortgage rates and inflation. We discuss the Bank of Canada's rate decisions in the face of economic challenges and examine how stock market and bond yield fluctuations affect mortgage rates. The episode covers Canadian housing …

In this episode, we kick off with an introduction and sponsor message before delving into the latest Canadian inflation data and the Bank of Canada's interpretation. We examine current housing market trends and the impending mortgage renewal wave in Canada. The discussion shifts to the impact of the Bank of Canada's rate cuts on mortgages, followed…

In this episode, we start with an introduction and sponsor message before delving into new Canadian mortgage rules, including a price cap increase and expanded 30-year mortgage amortizations under the Mortgage Charter. We discuss updates to the mortgage stress test and potential interest rate cuts. The episode also covers national home sales and pr…

In this episode, we dive into recent changes in Canada's mortgage and down payment rules, analyze home price inflation, and discuss benefits for urban buyers. We cover trends in Canadian mortgage rates, economic forecasts, and real estate dynamics in Greater Vancouver. The discussion includes economic indicators like unemployment rates and CAD-USD …

In this episode, we begin with an introduction and a sponsor message. We then explore the federal government's recent changes to mortgage rules and their impacts. Industry viewpoints and broader implications of these changes are discussed, followed by an examination of mortgage requirements, calculations, and upcoming rules. The conversation shifts…

In this episode, we start with a welcome and a sponsor introduction. The discussion centers around the surge in Canadian mortgage rates and the effects of rising bond yields. We examine new mortgage policies and government measures aimed at addressing these changes. Housing market trends and regional insights specific to Ontario are explored, follo…

Learn the secrets of down payments for real estate investing in Ontario. This class is Module 13 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: Why focusing on down payments is short-sighted and what you should be focused on instead. The two primary ways to address down payments; it is not just about …

In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We delve into the issue of housing unaffordability and discuss the national housing strategy. The conversation addresses the effects of rising interest rates on homeownership and compares fixed versus variable mortgage rates. We explore trends among first-t…

In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We discuss the Bank of Canada's recent interest rate cut and the new mortgage rules that have been introduced. The conversation then moves to changes in mortgage insurance and amortization policies, as well as modifications to the mortgage stress test and t…

In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We discuss the Bank of Canada's recent interest rate cuts and their overall impact on the economy. The focus then shifts to the risks of an overheating real estate market and the incentives for secondary suites. We explore various mortgage refinancing optio…

In this episode, we begin with an introduction and sponsor mention. The focus shifts to housing affordability, highlighting CMHC's analysis and the decline in urban centers. We discuss the federal response to the housing shortage and its impact on renters. An opinion piece examines real estate boards and the evolving value proposition they offer. W…

In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We delve into CMHC trends, focusing on how low interest rates are affecting mortgage renewals. The discussion moves to proactive planning strategies for anticipated mortgage renewal cost increases. We examine BMO's increase in loan loss provisions and its c…

In this episode, we start with an introduction and a sponsor message. We examine the Canadian bond market and unemployment trends, discussing the Bank of Canada's anticipated rate cuts and varying opinions on their implications. The conversation shifts to regional job market dynamics and sector-specific employment analysis, while also exploring inv…

Learn the secrets of selecting an investor-friendly real estate agent in Ontario. This class is Module 12 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What is the NAR settlement and how will it likely impact buyers and sellers? What’s the difference between real estate agents, brokers, and REALTORS®…

In this episode, we explore potential Bank of Canada rate cuts and their impact on the housing market. We discuss homebuyers' cautiousness, CMHC's mortgage cost report, and challenges for homeowners with fixed-rate renewals. We also review TD Bank's mortgage growth strategy and analyze the Collingwood real estate market, focusing on supply, demand,…

In this episode, we explore Toronto's home sales surge, GTA price trends, and the impact of interest rates on housing optimism. We discuss new listings, market conditions, and condo trends, along with mortgage renewals and sales stats. Our analysis includes national sales, the Bank of Canada's influence, and GTA market activity. We cover fixed mort…

In this episode, we begin with an introduction and a sponsor message by Real Approved Inc. We then explore Greater Toronto Area home sales and market trends following a recent rate cut. The discussion turns to the Bank of Canada's upcoming key lending rate announcement, with expert predictions on its potential impact. We examine how mortgage renewa…

In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then discuss the recent trend of banks raising fixed mortgage rates and the factors influencing these changes. Seasonal rate fluctuations and market expectations are explored, followed by RE/MAX Canada's market outlook and new rule changes anticipated fo…

In this episode, we begin with an introduction and a sponsorship message from Real Approved Inc. We then discuss the earnings of Canadian banks, their challenges, and the broader economic outlook. A positive outlook is provided for Scotiabank and National Bank, highlighting the competitive mortgage landscape. The episode covers the Bank of Canada's…

In this episode, we kick off with an introduction and a sponsor message from Real Approved Inc. We then provide a positive outlook for Canada's big banks, delving into stock performance insights. The discussion continues with an analysis of bank growth potential, earnings multiples, and the resulting investor optimism. We explore mortgage defaults,…

In this episode, we begin with a welcome and introduction to current mortgage trends and policy changes. We examine recent changes to the mortgage stress test and the industry's reactions. The complexities of mortgage regulations are discussed alongside Q4 banking sector earnings. TD Bank provides an analysis of the looming mortgage renewal cliff. …

Learn the secrets of catching up on saving for retirement in Ontario... with an emphasis on using real estate investing. This class is Module 11 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What do you do if you wake up one morning and realize that you’re behind on saving for retirement? What can yo…

In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then delve into the Ontario Real Estate Association's policy recommendations and the Real Estate Council of Ontario's discipline process. Mark Morris provides a critique of CMHC insurance and shares economic insights. We discuss mortgage stress tests and…

In this episode, we begin with an introduction and sponsor mention, followed by a discussion on the impact of rising mortgage rates on housing affordability in Canada. We explore Ontario's housing target and the government incentives designed to meet it. The episode addresses construction costs and potential solutions for Ontario's housing crisis. …

In this episode, we kick off with an introduction and sponsor mention, then explore the Bank of Canada's interest rate decisions and their impact on economic stability. We analyze the real estate market's response to high interest rates, followed by a look at challenges in the rental market and strategies for investors. The episode covers new mortg…

In this episode, we begin with a welcome and introduction, leading into the Bank of Canada's rate forecast and insights into historical GDP performance. We discuss updates on mortgage stress-test rules and highlight new industry partnerships. The episode covers trends in Canada's housing market, focusing on new home prices, and reviews Equifax Cana…

In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then delve into housing market trends in the Greater Toronto Area, Aurora, and Newmarket, emphasizing the importance of setting realistic market expectations. We address the rise in real estate fraud cases and offer prevention tips, followed by a discuss…

In this episode, we begin with an introduction and sponsor mention before diving into the TRREB Q3 2024 condo market report, focusing on current market conditions. We discuss average condo prices and share analyst insights on trends and expectations. The episode also covers the CEO transition at MCAN Mortgage Corporation and the company's future ou…

In this episode, we explore Ontario's housing supply crisis and the government's proposals to tackle it, including efforts to streamline residential unit construction and improve landlord/tenant operations. We address staffing shortages in Northern Ontario, new home warranties, pay-on-demand surety bonds, and OREA's push for aggressive action. TRRE…

Learn the secrets of the Nomad™ real estate investing strategy for Ontario real estate investors. This class is Module 10 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the Nomad™ real estate investing strategy and what are some of the pros and cons of each. What a…

In this episode, we explore the impact of rising Canadian bond yields and U.S. economic policies on mortgage rates. We discuss Canada's inflation, the government's $250 plan, and a shift towards variable rates. Updates on stress test requirements, loan-to-income limits, and lenders becoming developers are covered. George Hugh shares insights on int…

In this episode, we begin with an introduction and sponsor mention before discussing changes to the mortgage stress test for those switching lenders. We examine FSRA's enforcement actions against Canada Mortgage Group and the rise of HELOC borrowing, highlighting potential risks. The episode delves into predictions of a housing crisis in Canada and…

In this episode, we kick off with a sponsorship from Real Approved Inc. and dive into Canadian inflation and property tax updates. We discuss banks' and markets' reactions to potential Bank of Canada rate cuts and analyze CMHC housing starts data with regional trends. Highlights include insights from the Scotiabank Housing Poll and Smart Prosperity…

In this episode, we begin with an introduction to housing starts and market trends, followed by a discussion on the recent surge in home sales and the impact of interest rate cuts. We explore government investments aimed at improving housing affordability and gather expert opinions on current market dynamics. The episode highlights regional dispari…

In this episode, we kick off with a welcome and sponsor message before discussing GDP revisions and the Bank of Canada's rate cut. We delve into mortgage regulation, examining the Bank's cautious stance and potential long-term impacts. The focus then shifts to the Canadian economy, its challenges, and recovery prospects. We analyze the Bank of Cana…

In this episode, we begin with a welcome and introduction before delving into the Parliamentary Budget Officer's report on the housing market impact of potential immigration cuts. We then explore recent developments in the Greater Toronto Area's condominium market, providing a comprehensive summary of current market dynamics and highlighting long-t…

In this episode, we kick off with a welcome and sponsor introduction, then dive into national home sales and market recovery insights. We cover market dynamics like new listings, average sale prices, and mortgage arrears. The conversation touches on mortgage renewal challenges, financial institution support, and projections for the mortgage market.…

Learn the secrets of asset protection for Ontario real estate investors. This class is Module 9 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: My top 10 asset protection tips for real estate investors that you’d be a fool to ignore. The importance of getting bespoke legal advice and why you should nev…

In this episode, we dive into mortgage arrears forecasts for Toronto and Vancouver, examining market liquidity and rising interest rates with insights from CMHC. We discuss the Canadian labor market's impact on the mortgage industry and trends in fixed and variable rates. Challenges faced by homeowners during renewals, effects of open banking on mo…

Have a real estate question? Click here to text me! - Phil On this episode of The London Ontario Real Estate Podcast, local real estate agent Phil Bailey from HouseSigma Inc. Brokerage reviews the latest October 2024 real estate market statistics, including trends in home prices, interest rates, and insights on how these factors are shaping the rea…

In this episode, we start with a sponsorship mention from Real Approved Inc. and delve into mortgage rate competition and bank renewal strategies. We discuss challenges faced by smaller mortgage brokers and examine insolvency trends affecting Canadian households. Business insolvencies and their sector impacts are analyzed, along with a real estate …