In this episode, Adrian Trott and Ariel Kormendy dive into the latest updates in the mortgage industry and how they will impact the housing market. From the increase in the insured mortgage cap to the effects on first-time homebuyers, this podcast covers essential insights for anyone looking to buy or sell in 2024 and beyond. We also discuss potential market trends, our early predictions for 2025, and the broader implications for sales and pricing.
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0:16 – Intro
03:47 – Discussion of New Mortgage Changes
05:18 – Insured Mortgage Cap Increase Explained
06:19 – Variable vs. Fixed Mortgage Rates
07:01 – Market Amortization Changes and Resale Impact
08:27 – Real Estate Market Forecast for 2025
10:16 – New Build Buyer Incentives
11:15 – Long-Term Market Impact of New Mortgage Policies
13:39 – Buyers’ Confidence and Market Shifts
15:05 – Real Estate Market Inventory and Spring Market
16:19 – Competition in Condos and Townhouses
17:46 – Upward Market Mobility: Buyers Upgrading
18:20 – How the Insured Mortgage Cap Affects Higher Price Ranges
19:10 – The Real Estate Chain Reaction
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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
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