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Steve Hamoen
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Total 131 episodes
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BoC Rate Cuts, Economic Outlook, and New Mortgage Options for First-Time Homebuyers

BoC Rate Cuts, Economic Outlook, and New Mortgage Options for First-Time Homebuyers

This episode begins with a welcome and introduction. It covers the Bank of Canada's interest rate cuts and their impacts on the housing market. An economic outlook is provided, discussing unemployment, inflation, and interest rate predictions. The episode delves into 'own-use' evictions and their consequences for tenants and landlords. New mortgage options for first-time homebuyers are explored, followed by a discussion on the expansion of short-term rentals in Canada. Regional housing market trends in Northern Ontario and the Prairies are analyzed. The episode concludes with a summary and wrap-up.
19:5431/07/2024
GTA Sales Drop, National Housing Affordability, and HELOC Regulatory Changes

GTA Sales Drop, National Housing Affordability, and HELOC Regulatory Changes

This episode begins with a welcome and introduction. It provides updates on the real estate market, including a drop in GTA sales, appeals for interest rate cuts, and market shifts in Calgary and Vancouver. Montreal's surge in residential sales and national housing affordability reports are discussed. Insights into Toronto's condominium rental market are shared. The episode includes an analysis of BMO's mortgage arrears and covers recent regulatory changes affecting home equity and HELOCs. The episode concludes with a summary and sign-off.
18:3130/07/2024
Family Gifts in Home Purchases, Tenant Challenges, and a Royal Ontario Cottage Spotlight

Family Gifts in Home Purchases, Tenant Challenges, and a Royal Ontario Cottage Spotlight

This episode begins with a welcome and an overview. It explores the role of family gifts in first-time home purchases and regional disparities. The impact of these gifts on the wealth gap and housing market dynamics is discussed. The episode also delves into the rise of own-use evictions and the response from tenants in Ontario. Challenges faced by both tenants and landlords amidst rising rents and interest rates are examined. A spotlight on a luxury Ontario cottage with royal connections is featured. The episode concludes with closing remarks and a wrap-up.
10:1429/07/2024
BoC Rate Cut Impact, Market Dynamics in Major Cities, and Ontario Rental Insights

BoC Rate Cut Impact, Market Dynamics in Major Cities, and Ontario Rental Insights

This episode begins with a welcome and introduction. It covers the Bank of Canada's recent rate cut and its impact on home sales in Ontario. The dynamics of the real estate markets in Toronto, Calgary, and Vancouver are analyzed. Trends and insights into the rental markets in Montreal and Ontario are explored. The discussion includes rental affordability and quality of life in various Ontario cities. The episode wraps up with a summary and conclusion.
11:2328/07/2024
BoC Rate Cut Impact, First-Time Buyer Tips, and Toronto Condo Market Analysis

BoC Rate Cut Impact, First-Time Buyer Tips, and Toronto Condo Market Analysis

This episode begins with a welcome and introduction. It covers the Bank of Canada's recent interest rate cut and its impact on mortgages. Tips for first-time homebuyers and those renewing their mortgages are provided. A detailed analysis of the Toronto real estate market follows, focusing on the pause in GTA condo sales and value trends. The episode also includes an update on the construction industry, highlighting sales declines and government measures. The episode wraps up with a summary and thank you.
18:4127/07/2024
BoC Rate Cut Impact, Condo Market Challenges, and Top Ontario Cities for Renters

BoC Rate Cut Impact, Condo Market Challenges, and Top Ontario Cities for Renters

This episode begins with a welcome and introduction. It covers the Bank of Canada's recent rate cut and its impact on homeowners and market activity. The episode discusses the implications of lower borrowing costs and market predictions. Insights from industry experts and the Canadian Mortgage Brokers Association are shared. The challenges in the condominium market and rate analysis are explored. A discussion on fixed vs. variable rates follows. Lastly, Ontario's best cities for renters and MPAC's Property Pulse Dashboard are highlighted. The episode wraps up with a summary and closing remarks.
16:2426/07/2024
BoC Rate Cut Impact, Mortgage Expert Insights, and Toronto Real Estate Trends

BoC Rate Cut Impact, Mortgage Expert Insights, and Toronto Real Estate Trends

This episode begins with a welcome and introduction. It covers the Bank of Canada's recent rate cut and its immediate effects. Expert perspectives on mortgage rates are discussed, followed by insights into market activity and buyer confidence. Financial strategies and inflation considerations are explored, along with trends in Ontario real estate and Toronto property values. The impact of urban development on real estate is analyzed. The episode concludes with a summary and sign-off.
07:2925/07/2024
Mortgage Trends, Canada's Housing Plan, and Navigating High Interest Rates

Mortgage Trends, Canada's Housing Plan, and Navigating High Interest Rates

This episode begins with a welcome and introduction. It covers the latest trends in fixed and variable mortgage rates. The impact of Canada's Housing Plan on market prices is analyzed, followed by market forecasts and consumer confidence insights. The episode discusses real estate market dynamics and inventory levels, offering tips for navigating high interest-rate environments. The implications of property taxes in Southern Ontario are explored. An interview with Kate Ricci provides insights into North Bay's market. The importance of loyalty and customer service in real estate is highlighted. The episode concludes with closing remarks.
21:3223/07/2024
Bank of Canada Rate Speculation, Job Market Updates, and Canadian Housing Starts

Bank of Canada Rate Speculation, Job Market Updates, and Canadian Housing Starts

This episode begins with an introduction and overview of the topics. It speculates on the Bank of Canada's interest rate direction and its economic impacts. Updates on the Canadian job market and inflation are provided, followed by a discussion on the effects of a global tech outage and rising shipping costs. Industry perspectives include Suncor's direction and a new grocery code of conduct. The episode delves into mortgage market dynamics, covering rates, regulations, and underwriting guidelines. Economic indicators such as the Consumer Price Index and Q3 Business Outlook are analyzed. It then focuses on Canadian housing starts and market conditions. The episode concludes with a wrap-up and closing remarks.
24:3722/07/2024
CRA Audits, Toronto Condo Market Trends, and Securing Key Documents

CRA Audits, Toronto Condo Market Trends, and Securing Key Documents

This episode begins with a welcome and introduction. It discusses the Canada Revenue Agency's audits on real estate, followed by a sponsor segment on Fastkey's mortgage and loan application process. The episode then provides guidance on accessing and securing documents from the Canada Revenue Agency. It also examines trends in Toronto's condo market, specifically focusing on assignment sales. The episode concludes with closing remarks and a thank you.
16:0721/07/2024
Bank of Canada Rates, Toronto Condo Market, and Preconstruction Appraisal Challenges

Bank of Canada Rates, Toronto Condo Market, and Preconstruction Appraisal Challenges

This episode begins with a welcome and introduction. It discusses the Bank of Canada's interest rate trends and their impacts on mortgages. The episode then provides an update on the Toronto condo market, focusing on sales and pricing. The challenges faced by preconstruction buyers regarding appraisals are examined, along with guidelines from the Financial Services Regulatory Authority (FSRA). It concludes with a wrap-up and closing remarks.
17:5820/07/2024
RBC's Economic Report, Interest Rate Cuts, and Housing Market Predictions

RBC's Economic Report, Interest Rate Cuts, and Housing Market Predictions

This episode begins with a welcome and introduction. It discusses an RBC report on Canada's economy and the impact of high interest rates. The conversation then shifts to the Bank of Canada's interest rate cuts and housing market predictions. The episode explores the decline and surplus in condominium sales in the Greater Toronto and Hamilton Area, followed by the Bank of Canada's cautious approach to further rate cuts. Housing affordability challenges and analyst insights are examined. The episode also addresses real estate's response to climate-related disasters and provides strategies for mortgage renewal post-financial changes. It concludes with a wrap-up and closing remarks.
29:2819/07/2024
Equifax Earnings Breakdown, Market Reactions, and Long-Term Growth Strategies

Equifax Earnings Breakdown, Market Reactions, and Long-Term Growth Strategies

This episode begins with an introduction and an overview of the topics. It provides a comprehensive analysis of Equifax's earnings, stock performance, and financial overview. The discussion then covers analyst ratings and market reactions to Equifax. Detailed insights into Equifax's revenue growth and innovations are explored, followed by an examination of forward-looking statements and third quarter guidance. The episode also delves into Equifax's financial health, dividend updates, and analyst opinions. It concludes with a look at Equifax's long-term growth strategy and a farewell.
13:4918/07/2024
Ontario Real Estate Shifts, Market Trends, and Sagkeeng First Nation's Shelter Proposal

Ontario Real Estate Shifts, Market Trends, and Sagkeeng First Nation's Shelter Proposal

This episode starts with a welcome and introduction. It provides an update on the Ontario real estate market, noting an increase in listings, a shift to a buyer's market, and underbidding trends. The discussion then shifts to Canadian and Wall Street market trends, covering stocks, corporate news, economic data, retail sales, and yields. Commodity updates on oil and gold prices follow. The episode also highlights the Sagkeeng First Nation's women's shelter proposal and the community response. It concludes with a farewell.
11:4517/07/2024
FSRA's New Fraud Rule, Equifax Insider Trades, and Market Performance Insights

FSRA's New Fraud Rule, Equifax Insider Trades, and Market Performance Insights

This episode starts with a welcome and introduction. It then covers FSRA's new auto insurance fraud reporting rule and the importance of stakeholder engagement. The discussion shifts to investment news, focusing on institutional activities and insider trades at Equifax. An analysis of Equifax's market performance, earnings, and analyst ratings follows. The episode concludes with a sign-off.
11:0016/07/2024
Steve Jacques' Appointment, Equifax Earnings, and Market Insights

Steve Jacques' Appointment, Equifax Earnings, and Market Insights

This episode begins with a welcome and introduction to the topics. It provides an overview of Steve Jacques' recent appointment, detailing his background and potential impact on the industry. The episode then shifts to Equifax's upcoming earnings report, offering insights into the financial market. It concludes with closing remarks and a thank you.
06:3012/07/2024
Weekly Mortgage Trends, Toronto Condo Challenges, and Top Neighborhoods by Remax

Weekly Mortgage Trends, Toronto Condo Challenges, and Top Neighborhoods by Remax

This episode begins with a welcome and an overview. It then moves into the weekly mortgage digest and current market trends. The episode provides an update on the national mortgage arrears rate and delves into Toronto's condo market analysis, highlighting urban planning challenges. It also covers national and regional rent price trends. A report from Remax Canada on neighborhood quality of life and top locations is discussed. The episode spotlights the Braestone development and the Windfall Blue Mountain project before concluding.
18:5011/07/2024
Bank of Canada Rates, Market Predictions, and Indigenous Housing Initiatives

Bank of Canada Rates, Market Predictions, and Indigenous Housing Initiatives

This episode delves into the Bank of Canada's interest rate decisions and their economic impact, followed by a comprehensive real estate market analysis and predictions. It examines home sales and price trends in key Canadian markets, along with updates on construction, condominium presales, and rate changes. The discussion extends to Canadian real estate inventory and regional market trends, buyer dynamics, and shifts in Ontario's condo market. The episode also highlights culturally appropriate housing initiatives for Indigenous communities and concludes with a wrap-up.
19:3610/07/2024
Canadian Mortgage Trends, Pension Fund Challenges, and June Home Sales Stats

Canadian Mortgage Trends, Pension Fund Challenges, and June Home Sales Stats

This episode explores Canadian mortgage trends and the impacts of interest rates, delves into the challenges pension funds face with real estate investments, and examines home sales trends in major Canadian cities. It also reviews regional real estate board statistics for June and discusses the pros and cons of 30-year mortgages.
16:3209/07/2024
Toronto Sales Rise, Burlington Rental Controversy, and Mortgage Renewal Strategies

Toronto Sales Rise, Burlington Rental Controversy, and Mortgage Renewal Strategies

This episode provides a Toronto housing market update, focusing on rising sales and economic factors. It discusses a controversial rental listing in Burlington that sparked online backlash and offers mortgage renewal strategies in a shifting rate environment. The episode explores different types of mortgages and analyzes the surge in home prices in Whitchurch-Stouffville. Additionally, it covers a leadership change at the Financial Services Regulatory Authority (FSRA).
16:4008/07/2024
Canadian housing updates and fraud warnings with Daniel Cuzano Clavo

Canadian housing updates and fraud warnings with Daniel Cuzano Clavo

This episode covers new RBC financing options, Canada's Secondary Suite Loan Program, AMF's warning on fraudulent mortgage activities, and illegal practices by Daniel Cuzano Clavo. It also discusses fraudulent private loan websites, Toronto home sales trends, interprovincial migration due to housing costs, and housing affordability perspectives.
11:0505/07/2024
Condo management challenges, rising fees, and Ontario's housing crisis

Condo management challenges, rising fees, and Ontario's housing crisis

This episode covers rising condo fees, a shortage of qualified condo managers, and the impact of regulatory changes on condo management. It also discusses significant property losses in the GTA, a report on home sales, a survey about housing costs, Ontario's rent cap, and Toronto's affordable housing investment.
18:1904/07/2024
Highlights of the annual mortgage survey, bond yields, and the value of real estate agents

Highlights of the annual mortgage survey, bond yields, and the value of real estate agents

This episode covers highlights from the annual mortgage consumer survey, consistent renting periods before buying, and the importance of mortgage professionals. It also discusses real estate agents' value, Desjardins' stance on housing supply, a condo sold at a loss, bond yield rebounds, and new 30-year amortization policies.
20:3503/07/2024
Exploring Canada's housing market: interest rates, affordability, and future solutions

Exploring Canada's housing market: interest rates, affordability, and future solutions

This episode delves into the Canadian dollar and interest rate expectations, the impact of rate cuts on Ontario's real estate market, and housing affordability trends. It also covers potential political measures, increasing housing supply, the mortgage and employment landscape, financial assistance for first-time buyers, and upcoming property tax rate changes for 2024.
20:1002/07/2024
Rising mortgage arrears in Canada and the impact of market trends

Rising mortgage arrears in Canada and the impact of market trends

Fitch Ratings predicts a rise in Canadian mortgage arrears by year-end, influenced by equity and immigration. Flexible mortgage regulations and economic factors contribute to market downturns. Trends in variable rate mortgages and Ontario real estate, including Mississauga, Brampton, and Ottawa, are discussed.
12:4801/07/2024
Understanding mortgage fraud in Canada: new protections and market dynamics

Understanding mortgage fraud in Canada: new protections and market dynamics

This episode delves into mortgage fraud in Canada, its scope, impact, and various types. It highlights real estate title fraud, a new Ontario law against predatory lending, and tips for prevention. Additionally, it covers rising housing costs, updates on mortgage rates, and Toronto's condo market surge.
17:4428/06/2024
How the Bank of Canada's rate cut is shaping the housing market

How the Bank of Canada's rate cut is shaping the housing market

Steve Hamoen discusses the Bank of Canada's interest rate cut, market conditions, advice for sellers, housing market influences, condo market challenges, FSRA's action against a mortgage agent, Deloitte's mortgage renewal forecast, refinancing benefits, and a Cambridge home sold at a loss.
18:4327/06/2024
Steve Hamoen on Interest Rates, Nesto's Acquisition, and Challenges for First-Time Homebuyers

Steve Hamoen on Interest Rates, Nesto's Acquisition, and Challenges for First-Time Homebuyers

Steve Hamoen discusses the Bank of Canada's interest rate decision amid rising inflation, upcoming economic data, and the labor market outlook. The episode covers Nesto's acquisition of CMLS Financial, the challenges for first-time homebuyers in Ontario, and the impact of financial gifts on housing and wealth disparity.
17:2426/06/2024
Impact of Bank of Canada rate cut and Ottawa housing market overview

Impact of Bank of Canada rate cut and Ottawa housing market overview

This episode explores the impact of the Bank of Canada's rate cut on the housing market, Canadian homeownership aspirations, and Ottawa's housing affordability. It also covers popular regions in Ottawa, Canadian bank ratings, TD's negative outlook, and Equifax's stock performance.
15:3725/06/2024
Toronto law firm embezzlement scandal and challenges for Canadian renters

Toronto law firm embezzlement scandal and challenges for Canadian renters

This episode covers the weekly market wrap, a Toronto law firm's embezzlement scandal, challenges for Canadian renters, a mortgage renewal wave, broker responsibilities, trends in alternative lending, and Nesto's acquisition of CMLS Group.
23:5824/06/2024
Bank of Canada's rate cut, Ontario housing, and Steve Hamoen on due diligence

Bank of Canada's rate cut, Ontario housing, and Steve Hamoen on due diligence

Steve Hamoen discusses the Bank of Canada's rate cut and its potential future actions, how it affects mortgage qualifications, and when rates might change. He covers Nesto's acquisition of CMLS group, Ontario's home start goals, and factors impacting housing starts. Criticism of Ford's policies and population growth's effect on housing demand are also explored, along with a segment on due diligence in home buying.
24:4421/06/2024