Broadview Table Talks: Toronto Real Estate Podcast
159 episodes - English - Latest episode: 11 days ago -Join us as at the Broadview table as we host a weekly talk show with everything to do with Toronto real estate.
The Toronto market is confusing. So whether you are a new or experienced investor, or are just looking for a home to raise you and your family in, join us for Broadview Table Talks as we talk about strategies to navigate the ever-changing Toronto real estate world.
We live and breathe this stuff, so we’ll have honest and open talks with my friends around our table.
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Episodes
Podcast 71: The State of Toronto's Condo Market
April 17, 2024 19:16 - 47 MBWatch this podcast on YouTube: https://youtu.be/C6zFAzWvuEU Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep updated for more information. If you want to chat with us, do the following: 1. Send an email at [email protected]; or 2. Send a direct message on my Instagram account below; or 3. Book an appointment for a 15-minute video chat using the link on our website. If you’re not ready to reach out a...
Podcast 70: The Toronto Condo Crash Is Imminent
April 10, 2024 15:16 - 15.8 MBStuck with a condo nearing completion and worried about the market? You're not alone. Let's break down your options: close or assign? As we navigate these uncertain times, many are finding their pre-purchased condos aren't appraising at expected values. With the market down, you're faced with two choices. First, you could assign your property, selling your agreement to another buyer before closing. It might seem like an easy out, but with assignments stalling in the current market, finding...
Podcast 69: What Are Some Alternatives to Condo Investing?
April 03, 2024 14:54 - 19.3 MBCondos are great, but their value largely depends on market trends, which we've seen can fluctuate drastically. If rates go up, then suddenly your investment's worth drops 15-20%. With commercial real estate, you have more control. By increasing the property's net income through rent adjustments or renovations, you directly impact its value, no matter the market situation. Let me walk you through an example of a property that you can increase the value by 1.5x almost instantly, just by doing...
Podcast 68: Toronto Spring Market Trends & Opportunities in 2024
March 20, 2024 15:56 - 37.1 MBListen to the whole podcast and learn how the latest economic trends, including Bank of Canada's interest rate adjustments and the impact of price stability on inflation, are shaping investment opportunities. Learn how buyer attitudes are affected by economic trends and how limited new construction predicts future market changes. Watch this episode on YouTube: https://youtu.be/e1_fyPdDrLc Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬...
Podcast 67: Why Are GTA Condo Rental Prices Suddenly More Affordable?
March 13, 2024 14:22 - 4.33 MBLast year alone, over 20,000 new condo units hit the GTA market, the highest in three years, thanks to a surge in pre-construction purchases back in 2018. But when COVID hit, construction faced massive delays, pushing back completion dates. Now, these units are flooding the market, looking for tenants. Despite a federal cap on student visas aiming to slow growth, immigration remains strong, keeping demand up. Yet, with this sudden influx of condos, landlords face tough competition, nudgin...
Podcast 66: A New System That REVOLUTIONIZES The Real Estate Market
February 29, 2024 21:08 - 14 MBTaking a closer look at Final Offer, an innovative app designed to transform real estate selling by allowing owners to set their own terms and prices. This tool could significantly streamline the transaction process, offering a new level of control and efficiency. What's the potential impact on the real estate market? Watch this episode on YouTube: https://youtu.be/CHP8vIaV4eI Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscrib...
Podcast 65: Are Foreign Buyer Bans in Toronto a Solution or Setback?
February 21, 2024 17:11 - 24.4 MBToday's talk about Toronto's real estate market focuses on government policies, speculation taxes, foreign buyer bans, and the financial impact of hosting large sporting events like FIFA. Watch this episode on YouTube: https://youtu.be/9PeoMmv8OT4 Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep updated for more information. If you want to chat with us, do the following: 1. Send an email at podcast@broadviewav...
Podcast 64: How to Prepare Your Toronto Property for a Record-Breaking Sale
February 14, 2024 19:47 - 14.5 MBExplore Toronto's real estate market through expert discussions on pricing, bidding wars, ethical practices, and selling strategies. This video offers insights for sellers, buyers, and investors, providing the knowledge needed for informed decision-making in a competitive landscape. Watch this episode on YouTube: https://youtu.be/_bYe5SiYGXc Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep updated for more infor...
Podcast 63: The Best and Worst Neighbourhoods in TORONTO!
February 07, 2024 20:52Toronto's Best vs. Worst Neighbourhoods. The team discusses insights into where to invest, live, and avoid. Explore the factors that shape each area's liveability, safety, and accessibility, empowering you to make informed decisions about Toronto's dynamic real estate market. Of course, none of this is fact, it's our own opinions. Watch this episode on YouTube: https://youtu.be/quju2N-uJ_Y Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬...
Podcast 62: Toronto's Real Estate Reality Check
February 02, 2024 18:31 - 28.9 MBAre you dreaming of buying a home in Toronto? It's time for a reality check. With home prices starting to soar, the dream of homeownership is slipping away for the average Torontonian. In this eye-opening video, we dive deep into the harsh truths of Toronto's real estate market. From the staggering down payment to the salary requirements to service a mortgage, we uncover what it truly takes to secure a piece of this city. Plus, we'll explore the shift towards purpose-built rentals and the...
Podcast 61: 2024 Real Estate Forecast: Explaining The Latest Market Trends
January 25, 2024 17:53 - 44.9 MBIs it still worth it living in Canada? In this episode, we're not just skimming the surface. We delve into practical strategies for listing properties, emphasizing why listing early in the week, especially on Mondays, could be your game-changer in this evolving market. We also bring to light real-life examples of properties selling at list price after lengthy market periods, indicating a significant shift in buyer behaviour. Furthermore, our conversation extends beyond mere sales, touching ...
Podcast 60: Creative Solutions to Tackle Housing Affordability in TORONTO
January 17, 2024 22:04 - 42.8 MBLet's talk about the pressing issue of housing affordability in bustling cities like Toronto and creating ways to getting affordable housing. We were recently inspired by the real-life story of a couple who creatively addressed this challenge by constructing a 1350 sq ft laneway house in the beaches. This video offers a comprehensive look into the realm of affordable housing strategies. We examine the 'rule of seven in investments' in the context of real estate, discuss the emerging trends...
Podcast 59: This Canadian Housing Crisis Is Unsolvable, So What’s Next?
January 03, 2024 15:52 - 42.1 MBWith a landscape of explosive population growth and soaring real estate prices, we explore the stark realities and tough trade-offs that come with seeking solutions to Canada's housing dilemma. From environmental concerns to infrastructure constraints, there are many challenges to this complex problem. But it's not all doom and gloom! Let’s debate a range of innovative strategies and potential solutions, from tiny homes and modular housing to government incentives and infrastructure develo...
Touring The Largest Downtown Outdoor Mall: The Well, Toronto !
December 20, 2023 16:38We're going to The Well! It's our first experience there (after completion). Ken and Michael walk through a condo for sale, as well as the retail area. We're excited for the 70,000 sq ft food hall (got a sneak peak for that, but it's not in this video), and it looks awesome! It's going to be pet-friendly too. We didn't showcase the office area, and the building amenities, but we can imagine that they are equally as amazing!
Podcast 58: Why Power Of Sales Aren't The Best Deals
December 13, 2023 20:20 - 37.5 MBAre you constantly on the lookout for the next great deal in real estate? Have you been considering power of sales as a golden opportunity to snag a property at a bargain price? Well it’s not as easy as it seems. There are hard truths and difficult realities when it comes to actually working with these properties. Listen to the whole podcast where we provide you with a comprehensive understanding of what these deals really entail. Click onto the video or audio to learn the following topic...
Podcast 57: Why would anyone buy or sell real estate right now? Q4-2023
December 07, 2023 18:55 - 18.5 MBIt's a terrible time to be buying or selling real estate in the Greater Toronto Area. In October 2023, we had 4,646 sales, which is THE WORST number of October sales since 1999, even accounting for the population growth and all the new homes being built. For context, the peak number of sales in the GTA was 15,623 in March 2021. In the 28-year history that we have recorded for TRREB MLS sales, we are 32% below the average of 6,806 homes sold. But still, there's still 4,646 transactions ...
Podcast 56: Why Are Rental Prices Going Down?
November 29, 2023 16:14 - 30.2 MBWe turn our focus to the decreasing rent prices in Toronto. We're unraveling the complexities behind this trend, examining the economic fluctuations, and their impact on both tenants and landlords. We also look at Toronto's current position and future market projections. Should you be worried as a landlord? What should you do next as a tenant? Will everything be okay at the end of the day? Let’s talk about it! Participate with us by commenting below and we’ll do our best to reply with our ...
Podcast 55: Why can’t we easily convert office towers to residential apartments?
November 22, 2023 16:03 - 13.8 MBThere are a lot of office vacancies with the work-from-home generation, and we can't build residential properties fast enough. So wouldn't it make sense to convert under-utilized office towers to residential usage? Municipalities would want it because remote work brings office vacancies, which leads a never-ending cycle of reduced property-tax revenue for cities, fewer amenities as nearby businesses struggle to stay afloat, and more people fleeing downtown areas. Meanwhile demand for resi...
Podcast 54: Rising Mortgage Interest Costs: Sell or Continue Renting?
November 15, 2023 16:40 - 9.06 MBIt's easy to say too bad, that's the consequence of being a landlord. But what if you are caught in this situation? Mortgage interest costs have risen at the fastest pace in history, but the rental income isn't rising nearly fast enough to cover the payments. So what do you do if your tenant gave you their notice to move out, and renting it out again will put you in a horrible negative cash flow scenario? Do you take this opportunity to sell, when prices have declined by 15-20% or more,...
Podcast 53: There’s A New Tax for Landlords in Canada?
November 01, 2023 16:42 - 35.9 MBWhy is there a new landlord tax in Canada? It's not so much the tax, it's the convoluted method of filing for this. Who is "affected" vs "excluded", and what are the "exemptions"? Once you understand this new tax, the terminology will all make sense, but really, why? Yes it's the new 2022 UHT (Underused Housing Tax). The filing deadline already got extended once from April 30, 2023 to October 31, 2023, so up until then everyone was in panic mode trying to file on time to not get these S...
Podcast 52: How to Get Commercial Real Estate Financing in 2023-2024 with TJ Kaloti, VP of Finance At Peakhill Capital
October 25, 2023 20:12 - 71.7 MBWith an eye on recent trends and future forecasts, we address a crucial question: Is 2024 poised to be the opportune year for investing in commercial assets? Key Discussion Points: Interest Rates vs. Commercial Asset Prices: Explore our analysis of how, despite the uptick in interest rates, commercial property prices have not seen a corresponding significant drop. Market Correction Predictions: Understand the potential implications if the high interest rates persist, including the likelih...
Podcast 51: Building Futures - Graywood Developments & Investing in Real Estate
October 18, 2023 21:26 - 35.4 MBTune in an insightful Discussion with Kaleigh Kelly, Director of Sales at Graywood Developments. Explore the intricacies of their current projects and the strategic benefits of investment. More importantly, how to get started with Real Estate investing! Thank you Kaleigh for joining us today. You can follow her Instagram below: https://www.instagram.com/kaleighkelly/ Watch this episode on YouTube: https://youtu.be/qKJPLZXHLf4 Schedule a 15-minute Zoom call with Ken: https://www.broadvi...
Podcast 50: Burning Questions That The Internet Is Asking Us Realtors
October 11, 2023 22:28 - 46.7 MBWe've sourced the most debated real estate questions from the internet, such as: - The pros and cons of RENT CONTROLS - HOUSING SUPPLY in a market crash - The current state of housing as an INVESTMENT - And MORE! Arm yourself with sharp insights and expert perspectives on the Internet's most pressing topics on the real estate market. This episode is for investors, first-time buyers, and real estate deal hunters. Watch this podcast on YouTube: https://youtu.be/iYQx8ChIsro Schedule a 15-m...
Podcast 49: No More Buyer’s Agents in Toronto Real Estate?
September 27, 2023 15:41 - 19.8 MBsome of the top real estate brokerage brands. The issue is that the current system is anti-competitive, to sellers that want to sell without having to be forced to pay a buyer's agent's commission. This made big headlines over the past year in the States, and it looks like it's coming here. Will it change the way we do business here? Watch this podcast on YouTube: https://youtu.be/w0B2MuFgwr4 Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬...
Podcast 48: Fall 2023 Real Estate Market, Boom or Bust?
September 20, 2023 16:31 - 46.2 MBThe last time that the Bank of Canada paused their rate hikes in Spring 2023, the real estate market went bananas. Now that we are at or are near the terminal rate, what do you think will happen in the Fall 2023 GTA real estate market? This isn’t going to be a market prediction discussion, but Ken and Michael do dive into the various factors contributing to all the uncertainty in the market. Listen in on our discussion and let us know of your thoughts. Watch this podcast on YouTube: htt...
Podcast 47: Pickering City Centre – Project Overview
August 30, 2023 16:01 - 34.4 MBThere's a new project coming to the Durham Region in Ontario, Canada. It's a mixed-use development, in Pickering's city core. This is the best affordable project in the Greater Toronto Area, with one bedroom condos starting in the $500's, at $1,050 per square foot. Normally I would say don't just buy based on what's cheap, but I'm excited about this project because of the value that you get buying into a master-planned community, all created by one developer. Imagine a new city plopped o...
Podcast 46: Does it make sense to invest in Toronto Real Estate in 2023?
August 23, 2023 11:04 - 27.6 MBToronto has a huge supply and demand issue in the housing market. With the need for strong immigration and with the lack of housing starts, this is going to get even worse in the future. The fundamentals make sense in the long run, but does it make sense to invest in real estate now with the fastest run up in interest rates in history? Is now the time to buy the dip, or are we going to see more pain coming? There’s also the struggle for affordability in Toronto. Can the city sustain thes...
Podcast 45: Is Blind Bidding Finally Coming To An End in Toronto Real Estate?
August 16, 2023 11:00 - 45.5 MBBlind bidding, a longstanding practice in Toronto's real estate market, may finally be coming to an end with the new Trust In Real Estate Services Act (TRESA) legislation. A few years ago, the Canadian government announced plans to reform the housing market, including a proposed ban on blind bidding. This controversial practice, where potential buyers submit offers on a property without knowledge of competing bids, has long been criticized for driving up prices and suppressing transparency....
Podcast 44: Why A Decent Income is No Longer Enough To Afford a Home In Canada
August 09, 2023 11:00 - 77.2 MBThe soaring real estate prices in Canada have created a stark reality where a decent income alone is no longer sufficient to afford a home. The increasing cost of homeownership has far outpaced wage growth, making it incredibly challenging for middle-class families to enter the housing market. Factors such as low housing supply, population growth, and speculative investment have contributed to the current landscape. Moreover, the stringent mortgage stress test and rising interest rates furth...
Podcast 43: What Is A Passive House And Why You Need It
July 27, 2023 11:00 - 126 MBPassive homes have gained significant recognition in recent years for their innovative and sustainable design principles. These houses are not just another architectural trend, but rather a response to the pressing need for energy-efficient and eco-friendly living spaces. With an emphasis on reducing energy consumption, passive houses have become a beacon of hope for mitigating the environmental impact of residential buildings. The concept behind passive houses is simple yet revolutionary -...
Podcast 42: The Missing Middle has been found! With Craig Race of Lanescape.ca
June 22, 2023 14:50 - 36 MBIf you exclude major streets (that don’t have land use designations), approximately 75% of the land in Toronto only permits a single family home to be developed on it. The other 20% are open spaces and employment zones (where people can work), leaving only 5% to be able to develop in to more denser uses. Furthermore, the re-zoning process is complicated, and takes several years and is an expensive process. So if you are faced with the choice to intensify land, you’d naturally want to swing...
Podcast 41: Why you may go broke investing in high-yield savings accounts
June 14, 2023 18:10 - 14 MBThe numbers in Toronto real estate don’t seem to make sense any more. With the rising cost of home ownership, despite record growth in rental rates, the ROI is not there if you’re only looking at the yield. So what’s better, putting your money in a low risk high-interest savings account or GIC and getting 5% on your money? Or is investing in GTA real estate still the tried and true method of investing? Watch this podcast on YouTube: https://youtu.be/qWV2RxxmRXg Schedule a 15-minute Zoom ca...
Podcast 40: May 2023 market stats, how to kick out your tenants, is it a sellers or buyer's market?
June 07, 2023 21:21 - 37.2 MBIn May 2023, the number of sales has nearly tripled since the beginning of this year in January, and up by almost 25% year-over-year. Yet the average price is slightly down by -1.2% from this time last year. Are we in a seller's market, or still in a buyer's market? Also, let's talk about ways you can kick out your tenants to sell your property. It's a question I often get from our clients and from agents in our office. Watch this podcast on YouTube: https://youtu.be/o7xFArKwjj8 Schedu...
Podcast 39: Does investing in Toronto real estate make sense any more?
May 31, 2023 18:42 - 44.6 MBOnly 18% of newly purchased resale properties are cash flow positive, and around half of new construction closings that were purchased 4-5+ years ago coming online now are cash flow positive. As you may know, cash flow is oxygen. Unless you can supply oxygen from other means to keep this thing alive, or maybe you don’t need oxygen at all (25% of new condo closings don’t have mortgages), becoming a landlord is a losing proposition. Is it even financially viable to invest in Toronto real ...
Podcast 38: An ex-team member stole from us, and got caught red-handed
May 24, 2023 11:00 - 14.8 MBThere are a lot of mixed signals in the housing market right now. Prices are on the rebound since the beginning of this year. New listings are at an all-time low. Will we have more inventory in Toronto? What if we get another rate hike, will the real estate market collapse? Watch this podcast on YouTube: https://youtu.be/nWKL0cRpvzo Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep updated for more information...
Podcast 37: May 2023 Toronto Real Estate Market Update
May 10, 2023 11:29 - 14.8 MBThere are a lot of mixed signals in the housing market right now. Prices are on the rebound since the beginning of this year. New listings are at an all-time low. Will we have more inventory in Toronto? What if we get another rate hike, will the real estate market collapse? Watch this podcast on YouTube: https://youtu.be/nWKL0cRpvzo Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep updated for more information...
Podcast 36: Finding The Sweet Spot: What's the perfect unit size for an investment property?
May 03, 2023 11:30 - 29.3 MBAs you are building out your real estate investment portfolio, which would you pick? A larger unit, or a smaller unit to invest in? In this episode, Michael Ng and Kenneth Yim discuss the trade-off between larger units and smaller units to invest in. We talk about what gives the best return on investment, which one is easier to rent out, and which size is easier to sell. Watch this podcast on YouTube: https://youtu.be/xqUDgFy6sZk Schedule a 15-minute Zoom call with Ken: https://www.broadv...
Podcast 35: The Alarming Reality of $3,000 Rent in the GTA
April 27, 2023 16:07 - 9.16 MBWhat are the causes, consequences, and potential solutions to this ever-increasing rent in the Greater Toronto Area? Condo and apartment research firm Urbanation just announced that purpose-built rentals have hit a new record, surpassing an average rental price of $3,002 per month in Q1-2023. So what does this mean for landlords, if the tenant population cannot afford to live here any more? What can we do to mitigate this risk? Watch this podcast on YouTube: https://youtu.be/MHNKcLM0x2c ...
Podcast 34: What it's like moving to Toronto from Montreal, with Derek Wu
April 19, 2023 11:11 - 26.1 MBMy new friend Derek Wu talks about the huge move from Montreal to Toronto, in search of better job opportunities but at the cost of more affordable housing and not as much entertainment options. We also discuss all the cool new technology from a resident’s perspective, and how it’s made his life easier. Watch this podcast on YouTube: https://youtu.be/104l9Z1tCDc Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep ...
Podcast 33: The Pros and Cons of Buying and Selling an Assignment Deal, and How to Structure One
April 12, 2023 20:34 - 23.7 MBLooking to invest in Toronto real estate? There are lots of deals to be hand in today's assignment market, from people that purchased a few years back and now can't close (or don't want to) because of the high interest rate environment that we are in. Let's talk about the pros and cons of buying an assignment in Toronto, or if you're thinking about flipping a property you bought and haven't closed on yet, let's talk about that too. Watch this podcast on YouTube: https://youtu.be/00djzR7Om_U...
Podcast 32: What Will the Toronto Real Estate Market Look Like in 2030?
March 30, 2023 00:43 - 4.92 MBBy 2030 Toronto is estimated to have a population of 8 million people, on its way to 10 million by 2045. Toronto will be one of the most diverse megacities if Ontario government projections are correct. In this video podcast, we'll discuss the 6 factors that could shape the Toronto real estate market over the next decade. Where do you think we are headed? Do you think the density will bring us to ruins or will we become an even more thriving metropolis? Watch this podcast on YouTube: ht...
Podcast 31: Pros and Cons of a VTB and how to structure one
March 22, 2023 11:15 - 11.6 MBIf you're considering purchasing a property or coming up with creative strategies to get your listings sold, you may be considering a vendor take-back mortgage. VTB’s are a type of financing structure where the seller provides a loan to the buyer. Let's take a closer look at the advantages and disadvantages of this financing option. Vendor take-back mortgages can be a good option for some buyers, especially those who may have difficulty qualifying for a traditional mortgage. However, it's i...
Podcast 30: The Bank of Canada Paused Rates. What's Next?
March 08, 2023 21:25 - 11.1 MBLet's ignore all the negative headlines in the news AND the overly positive ones too, and let's just get into the facts. Let me give you my take on what I see in the first quarter of 2023 for the GTA Real Estate Market, and how it performed for the month of February, with an increase of 5.5% month-over-month in terms of the average price and over one and a half times the previous month's sales volume. Let's also look at the shortage of new listings, resulting in bidding wars. Are they her...
Podcast 29: The Canadian Mortgage Market in a Shifting Economy - Andrew Dryer of Outline Financial
March 01, 2023 12:00 - 44.9 MBIn this podcast, we sit down with Andrew Dryer of Outline Financial to discuss the current state of the economy and how it's impacting the Canadian real estate and mortgage industries. We dive into the differences between the Canadian and US economies, the recent rate increases, and the impact of bond yields on fixed rate mortgages. Our guest also explains how Outline Financial sets itself apart by working as a team to help clients with difficult deals and staying up-to-date on industry deve...
Podcast 28: You Will All Become Renters
February 22, 2023 22:11 - 36.7 MBHome ownership rates are declining in Canada. In Ontario, they fell -3.1% to 68.4% over the past decade, yet in Toronto, the percentage of renter households were up by +25.1%. To add to it, housing supply is shrinking with a pause on new development demand and supply. Home ownership affordability is at an all-time high, household debt ratios are through the roof. So where do you think are we going to house all these newcomers? Watch this podcast on YouTube: https://youtu.be/ZXekvfI...
TRADING HOMES IN THIS CRAZY MARKET - WEBINAR
February 13, 2023 20:16Join our seasoned professionals to go over the current economic outlook for Toronto's housing market and what roadblocks you may encounter. We are going over common concerns and strategies to ensure that you are still successful in this wild market. Plenty of time for Q&A at the end. Location: Online Zoom Webinar Date: Tuesday, February 28th, 2023 Time: 5:30PM to 6:30 PM EST Cost: Free
Podcast 27: Opportunities in Today’s Real Estate and Mortgage Market with Ryan Dennahower
February 10, 2023 12:00 - 35.4 MBWhat are some opportunities in today’s real estate and mortgage market? Ryan Dennahower and I explore who is qualifying for mortgages, how to get approved, and what the process is. We talk about how people are dealing with the high carrying costs in today's high interest rate environment. Reach out to Ryan Dennahower at: [email protected] https://www.instagram.com/rythemortgageguy https://linktr.ee/RyanBMTGG For context, I called him "the boss" because he was wearing a Hugo Boss shirt. Watch...
Podcast 26: How to Catch Fraud in Real Estate
February 01, 2023 12:00 - 123 MBYou may have seen in the news recently how the Toronto homeowners have had their homes sold without the home owner’s consent. Whether it’s identity theft, mortgage fraud, or organized crime, real estate fraud has been given the spotlight in the media. You may be wondering, how can this happen? More importantly, how can you protect yourself? How are these fraudsters getting away with it? Join industry veteran Mitch Korman, principal lawyer from Korman and Company as we discuss how to pro...
Podcast 25: State of the Toronto real estate market
January 25, 2023 15:28 - 25.5 MBThe number of home sales in December is down by -48.2% year-over-year, new listings coming to the market are at an all time low of -21.3%, and the average selling price is down by -9.2% overall. OFSI is contemplating new lending rules, and they have not touched the stress test. Inflation is running wild. Interest rates are high. Unemployment is low now, but what happens if we have a hard landing? The Bank of Canada overnight lending rate is now 4.5%, with a +0.25% rate increase. How ...
Podcast 24: Mandatory Three-Day Cooling Period Just Got Introduced In B.C.
January 11, 2023 12:00 - 36.6 MBBritish Columbia is the first Canadian province to require a three-day cooling period for buyers. This means that after a purchaser has signed an agreement buy a home, they can back out of a residential resale deal within 3 business days. What does this mean for the industry? Do you think this is fair for sellers? Will it affect housing affordability? Here’s the official FAQ for the new legislation: https://www.bcfsa.ca/public-resources/real-estate/consumer-resources/home-buyer-rescissio...