Navigating Canada's Mortgage Maze: Overcoming Challenges & Understanding New Policies

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Welcome to this video discussing mortgage finance lending for real estate investors and the challenges they face in the current Canadian housing market.

Over the past five years, various policy measures have been implemented in Vancouver and Toronto to address rising housing prices, including the foreign buyer tax, mortgage stress test, BC speculation tax, empty homes tax, rent controls, and fast and high-interest rates. As a result, investor financing mortgage qualification has tightened.

However, despite these measures, housing prices continue to rise across the country, making it challenging for real estate investors to enter or sustain their investment in the market. The focus needs to shift to the supply side to address housing affordability.

Housing starts are declining, with an estimated 212,000 units expected to be built in 2023, compared to 271,000 in 2021. This decrease in supply further exacerbates the affordability issue.

Additionally, a recent research paper from the Canadian Center for Economic Analysis found that on a $940,000 new home in Ontario, $288,000 (30%) is in taxes, paid with after-tax income, which adds to the financial burden of real estate investors.

In this video, we will dive deeper into these challenges faced by real estate investors, discuss possible solutions, and explore how mortgage finance lending can support their investment goals in the current Canadian housing market.
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