Broadview Table Talks: Toronto Real Estate Podcast

Only 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...

There 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.broadviewave...

There 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.broadviewave...

As 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 YouT...

What 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 c...

Looking 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...

By 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...

If 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,...

Let'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 vol...

In 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 b...

Home 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...

What 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: ryan@bmtgg.ca https://www.instagram.com/rythemortgageguy https://linktr.ee/Ry...

You 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 indus...

The 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?...

British 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 legislatio...

Toronto recently proposed legislation that will allow (licensed) rooming houses and come in to effect as soon as March 2024. They would all have to undergo annual inspections by staff from Toronto Fire Services and Municipal Licensing and Standards to ensure safety. What are the impacts of this, and could this make a difference for housing affordability? Watch this podcast in video: https://youtu....

Most people that think they have lost their chance to build wealth in real estate, but there is still opportunity to win in this market. You just have to get a little creative. Does it have to be one house, one family anymore? Will sellers buy down mortgage rates? Developers putting in second dwelling units? How about seniors with lots of equity in their homes? Tenants in non-rent controlled build...

I got invited to speak on a round table on CBC The National, our national public broadcasting station. It was such an honour to be there representing the landlord’s perspective. It’s such a polarizing issue, they had to cut it down to 11 minutes but we could have gone on for hours. We did actually, off camera. So here we are, discussing the very same topic with the team. It’s an honest conversatio...

Everybody goes and says, “I built equity in my house. I bought this house". A year later, it's worth $400,000 more. Sure. So you ask them or her, “what did you do to the house?" What have you done to the house to make it worth $400,000 more?” Who put that? Who put that money inside that house? The government, obviously the government, through quantitative easing. It's diluting money, making it wor...

Toronto is a rapidly growing city. We are seeing approximately 100,000 new immigrants to the city every single year, yet we are limited by the lake and the greenbelt. So what's the impact of all this intensification that's happening around us? ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe now to keep updated for more information. If you want to chat with us, do the following: Send an email at podcast@broadviewaven...

Doug Ford just recently announced his plan for more housing. We need 1.5 million houses in Ontario in the next decade. And traditionally that's 150,000 units per year. In 2021, we've delivered 100,000 housing completions, but that’s an all-time high. We’ve typically only built around 40,000 to 60,000 units per year. So we need to be super aggressive on building these homes. Today, we are going to...

Let’s talk about the current state of the market, and try to answer the big question: are we near the bottom of the market? I’ve been in the real estate business and in the real estate market as an owner for almost two decades. I've seen a lot of ups and downs, and I want to share with you my thoughts on whether or not we're near the bottom. So let’s talk though it. Schedule your call now to discu...

The real estate brokerage business is changing. The pandemic has forced people to adopt the progression of the internet, and more realtors are helping their clients buy and sell homes without ever having to step into a real estate office. Some other brokerages have actually closed their physical offices and moved to a purely online presence. Is this the future of the brokerage industry? Or will th...

As a single parent in an expensive city, often the dream of home ownership is out of reach. But with careful planning and some creative strategies, it IS possible! In this video, I sit with Michelle Fairburn and her daughters Kamaia and Amoi to discuss the sacrifices they had to make to get on the home ownership train. We also talk about investing with other people's money, how to make it big in r...

There are four main ways to make money in real estate. In this episode, Kenneth Yim and Michael Ng discuss each one of them and some basic principles on how you can get started. Schedule your call now to discuss more. https://www.broadviewavenue.ca/appointments