Inflation, the Bank of Canada Decision, Condo Financing and Infill
Source:
https://www.podbean.com/eau/pb-3s694-1b9be35
BoC Oct 28 Preview: Inflation, Bond Yields, Condo Lending Freeze & CMHC’s Long-Game Housing Data
Addy Saeed and Ribhu Rampersad cover four topics ahead of the Bank of Canada’s Oct 28 decision: RBC’s Oct 16 housing update (GTA resales down 5.3% in September, national resales down 2.3%, national prices down 0.4% m/m and 3.5% y/y, with declines accelerating and new listings down 1.8%); inflation and rates (Sept CPI 3.1% y/y driven by gasoline, ex-gas 2.2%, CPI trim 1.8, median 1.9, rent up 0.5% m/m and 2.8% y/y; policy rate 2.25% with bond yields rising about 20 bps); why condo construction financing is stalled (70% presale threshold, low starts, rising unsold inventory) while funds buy finished units in bulk; and two CMHC “long game” items on small-scale infill growth in Toronto and the share of homes needing major repairs, highlighting deferred maintenance as an underwriting risk.
00:00 Welcome and Agenda
01:13 RBC Housing Update
03:07 Inflation and Rate Outlook
07:52 Condo Lending Freeze
11:57 CMHC Infill and Repairs
14:37 Themes and Wrap Up
16:26 Disclosures and Credits
About Your Hosts: Addy Saeed: With over 20 years of experience in the real estate industry, I’ve navigated through the complexities of property investment, development, and management. My goal is to demystify real estate investing for our listeners.
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