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Episode 118: BoC Policy Changes, Toronto Condo Trends, and Major Real Estate Fraud Update
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In this episode, we begin with an introduction to today's main topic, setting the stage for an in-depth discussion. We then provide an overview of current mortgage rates and recent policy changes by the Bank of Canada. Nick L’Ecuyer offers a historical perspective on these developments and shares future predictions. The focus shifts to the Toronto condo market, examining recent trends and price drops. We also discuss OREA's policy recommendations aimed at enhancing professional standards in the industry. Insights from Scotiabank's 2024 housing poll are presented, followed by an update on a major real estate fraud case in Ontario. The episode wraps up with these comprehensive insights. (0:00) Introduction to the episode and today's main topic (0:37) Overview of mortgage rates and Bank of Canada's policy changes (1:41) Nick L’Ecuyer's historical perspective and future predictions (3:35) Toronto condo market trends and price drops (6:08) OREA's policy recommendations for professional standards (10:03) Scotiabank's 2024 housing poll insights (12:23) Major Ontario real estate fraud case update
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