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Bank of Canada Rates, Toronto Condo Market, and Preconstruction Appraisal Challenges
Manage episode 429829950 series 3584094
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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. (0:00) Welcome and introduction (0:22) Bank of Canada interest rate trends and mortgage impacts (5:05) Toronto condo market update: sales and pricing (9:20) Preconstruction buyers' appraisal challenges and FSRA guidelines (17:18) Conclusion and wrap-up
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