Broadview Table Talks: Toronto Real Estate Podcast

Today'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 informati...

Explore 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.bro...

Are 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 sec...

Is 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 significa...

Let'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...

With 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 sol...

Are 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...

It'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 a...

We 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 t...

There 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 business...

It'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 s...

Why 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,...

With 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: Un...

Tune 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:...

We'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 estat...

some 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 Sche...

The 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. Liste...

There'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...

Toronto 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 pa...

Blind 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...

The 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...

Passive 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 i...

If 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...

The 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 inves...

In 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 fro...