{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Mortgage 101 with Clinton Wilkins ","title":"Mortgage 101 - Recap of 2024 Real Estate Market Challenges","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/e05acc19\"></iframe>","width":"100%","height":180,"duration":601,"description":"In early 2024, the Ontario real estate market slowed significantly, while Nova Scotia's affordability stood out with an average home price of $500,000 in Halifax. Building costs and labour have surged due to inflation, affecting both new construction and renovations. First-time homebuyers are increasingly opting for starter homes, often in need of repairs. Atlantic Canadians are particularly burdened by debt, with 70% expressing concern about repayment. Despite high interest rates, there's cautious optimism about potential rate reductions, with predictions of a 200 basis point reduction by 2025. The housing market remains a seller's market, with a need for a more diverse inventory.","thumbnail_url":"https://img.transistorcdn.com/oh8XL2Tdf0y-GWN1B6SuffkJYi5tMpk5nVrEN0DmNB0/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iMmY2/NmUzMDg5MGU5M2Iz/MGY0YjlkODMxOWU0/YTA4ZC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}