Posts tagged Toronto housing bubble 2024
Podcast 87: I just got scammed through online banking.

I guess it's happened to others before. And I realize that I should not have given as much information to the scammer as I did, but of course that's easy to see in hindsight.

Beware of scammers out there. Whether it's online banking, tenant fraud, or anything worse.

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Podcast 86: Need a Down Payment? Ask Your Parents for Help Buying a Home

How can young adults approach their parents for down payment assistance in Toronto’s challenging real estate market? Mikayla Thompson shares her experience saving while living with her parents. We talk about strategies like co-signing and contributing to down payments, the importance of planning, and the benefits of homeownership over renting.

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Podcast 85: What’s Happening with Prices and Inventory? September 2024 Toronto Real Estate Market Update

With the dropping mortgage rates and new CMHC rules, is now the right time to buy or sell? Join us we get into the latest stats for September 2024 and break down what this all means to potential home buyers and sellers.

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Fall Market Update (October 2024)

🚨 GTA Market Update: September 2024 🚨

Home sales are on the rise! With interest rates easing and new mortgage guidelines in place, buyers are taking advantage of more affordable options. Now’s the time to act—whether you're a first-time buyer or looking to upgrade. 🏡💼

📊 8.5% increase in home sales year-over-year

🏠 18,089 new listings

💰 Average price: $1.1M, offering more negotiation power for buyers!

Don’t miss your chance to secure your future investment!

📲 DM to discuss your next move.

#TorontoRealEstate #GTAMarketUpdate #HomeOwnership #FirstTimeHomeBuyer #TorontoHomes #RealEstateTips #InvestmentProperty

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Podcast 84: Getting rich in real estate with only 5% down

Wouldn’t it be ideal to earn huge returns in real estate with minimal money down? During the golden days of the past two decades, when interest rates were cheap, that was possible. You could buy almost any asset—not just real estate—and watch it soar, thanks to real negative interest rates (where borrowing costs were lower than inflation). However, those easy money days are over.

In today’s market, going all-in beats limping in when buying real estate. Join us as we explore why a solid deposit, despite the new CMHC mortgage insurance rules, is more crucial than ever for your property investment success.

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Podcast 83: This is the best tool to screen tenants (landlords too), with Weiting Bollu of OpenRoom.ca

The tenant screening process is crucial in avoiding future problems. Join me as I chat with Weiting Bollu of Openroom.ca, to discuss her platform that helps small landlords and great tenants navigate the rental market more effectively, contributing to a more connected and transparent ecosystem. Open Room allows users to search for tribunal decisions related to tenants or landlords, providing timely and crowdsourced data that might not be available through other sources like CanLii.

You must make this a critical part of your tenant/landlord screening (and reporting)! Visit www.openroom.ca.

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Podcast 82: What the Internet Is Asking About Toronto Real Estate

Why have prices only seen a modest decline in the Greater Toronto Area, despite soaring inventory and sluggish sales? What happens to condos when they get really old? Will they crumble and be insolvent? What happens if I can't close on my preconstruction purchase? Should I sell first or buy first?

Let's analyze the latest data on price changes, sales volume, and inventory levels from August 2024, and how the recent rate cuts by the Bank of Canada and rising unemployment impact the housing market.

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Podcast 81: When Will Home Prices FINALLY Drop in Toronto?

The burning question on everyone’s mind: When will real estate prices in Toronto finally drop? With interest rates at restrictive levels, an economy teetering on recession, and growing concerns about a potential real estate crash, we analyze the current state of the Toronto housing market.

Let’s walk through the critical factors influencing the market right now. We’ll examine key metrics like the sales-to-new-listings ratio, months of inventory, and the impact of rising interest rates. Whether you’re a seasoned investor, a first-time buyer, or simply curious about the market, this episode offers valuable insights that could help you navigate these turbulent times.

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