Katie Steinfeld

The OECD cuts global growth forecasts, warning trade wars could shrink GDP. A 10% tariff hike would hit Canada, the U.S., and Mexico hardest. No winners—just losses.

Another program to assist Canadian homeowners to dive deeper into debt in order to increase housing supply? Or do you think this will have a meaningful impact overall? canada.ca/en/department-…

@areacode416 I had a discussion a couple of years ago about underpricing with the Department of New South Wales. I really liked their approach (they have strict rules in place about underpricing) and always thought it would be a good change for our industry - open.spotify.com/episode/7tiJpA…

I wasn't aware that Quebec got rid of the "price artificially low to get a bidding war" #realestate pricing strategy. It would sure be a big change here in the Toronto-area market. I'd love to hear more about how it's shaking out (from consumer and agent perspectives). Original post via LinkedIn by @aegean88

Completion can happen anytime on the day of closing - it’s important that the seller has vacated before that occurs. There is a reference to 6pm in the APS & many think that’s when the seller has until to vacate. However, point 2 in the APS, clearly states no later than 6pm.

Tread carefully when selling a home that has been used as an STR. The sale price is subject to HST, according to this court case. pallettvalo.com/articles/tax-c…

@IanCharlebois Meh 🤷‍♀️

@katiesteinfeld Would this be considered ‘bold’ ?

New ‘bold’ mortgage reforms include 30 year amortizations for everybody and increasing insured mortgages to $1.5 million (reducing the 20% down payment requirement for homes between $1m to $1.5m) canada.ca/en/department-…

@winemaker1960 As of December, its open to all first time homebuyers

@katiesteinfeld It's only 30 year amortization for mortgages for new builds

@ScrinkoCa 😂😂😂😂

starting gofundme for platinum brokers

The CHBA survey found 65% of builders in Q2 2024 plan to build fewer homes as a result of elevated rates. Nearly a third (31%) of builders claim they’ve flat out canceled new developments as a result of rising rates.  betterdwelling.com/most-canadian-…

Back log of cases and ‘complexity of cases’ is the reported reason for the delays at the LTB. What’s it going to take to get things on track? thespec.com/news/hamilton-…

According to Employment and Social Development Canada, about 700,000 of the four million Canadians who work in the trades are expected to retire by 2028. immigration.ca/canada-cannot-…

On Tuesday, July 23 at 9:30 a.m., join Joseph Richer, Registrar of @RECOhelps, for an exclusive OREA webinar on enhancing consumer trust. RSVP now & gain valuable insights & guidance tailored for brokers and managers: orea.com/get-involved/F…

MNP Consumer Debt Index drops six points, reflecting Canadians’ worsening debt outlook despite recent interest rate cut MNP Consumer Debt Index | MNP LTD | Licensed Insolvency Trustees, Bankruptcy & Consumer Proposals (mnpdebt.ca)

According to 2022 figures from the BOC, approx 20% of variable-rate mortgages have a variable payment & 80% have a fixed payment. Based on this chart, almost 50% of variable rate, fixed payment mortgage holders have not been subject to an increase in payments yet.

3 episodes where the BoC’s policy rate maintained a significant negative spread vs the Fed: 1995-1998: 250 bps spread, loonie ⬇️ to 63 US cents 1999-2000: 75 bps spread, loonie ⬇️ 62 US cents (record low) 2003-2006: 100 bps spread, higher oil prices helped Cndn $ this time

There's not much consistent about the Vaughan condo market over the past five years.

@smiksteelers @danielfoch Not as fun though

Toronto rents vs mortgage payments since 2008

@danielfoch That’s a wild chart 😳