CMHC updates and CREA stats - plus we hear from all our meetup hosts and their market conditions.

• Despite recent interest rate cuts, the Canadian housing market remains stagnant, with national home sales showing only a modest 1.3% increase in August but down 2.1% year-over-year.
• New property listings are up by 1.1% but remain below historical averages, contributing to a balanced market where supply and demand are steady but not dynamic.
• The MLS® Home Price Index indicates flat housing prices from July to August, with a 3.9% decrease year-over-year, as buyers await further price drops and increased affordability from interest rate cuts.

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Nick

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Dan

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We are joined today by the CEO of Greybrook, Sasha Cucuz, who shares his thoughts on the market;

• Sasha Cucuz shares insights into recent market volatility, highlighting factors like fluctuating interest rates and changes in consumer sentiment.
• Evaluation of the Bank of Canada's efforts to engineer a "soft landing" with interest rates and their impact on real estate activity.
• Importance of addressing supply-side challenges in Canadian housing to solve the affordability crisis.
• Sasha's recommendations for investors: focus on finding capable partners and leveraging expert advice instead of a DIY approach.

Learn more about Greybrook

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We are honoured to be joined by Ethan & Elizabeth, partners & founders of cheap old houses - at this point, world famous for finding the best houses at the best prices and using love, skill and passion to bring them back to glory! we discuss,

• Great houses tell stories and evoke inspiration.
• What draws viewers or buyers to certain properties.
• The ongoing housing crisis across North America.
• Evaluating properties for timelessness, including considerations of wastefulness, character, and renovation potential, especially in restoring cheap old houses.

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Nick

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Dan

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We’re going to cover a few articles and reports today:

• 'We’re definitely not going to an old-age home’: Why seniors aren’t downsizing their homes and what it means for Toronto’s millennials
• “Canadian university cities facing surprising rental market downturn”
• “Canadian universities see international students' enrolment down 45 per cent after rule change. 'The system is just hanging on’”
• A report from Equifax that states that millennials are living at home longer and are most at risk from the economy

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Nick

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Dan

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tiktok.com/@danielfoch

See omnystudio.com/listener for privacy information.

Breaking news in the Mortgage world with some major changes on the horizon. But what do they mean? How will they take shape in the market?

• Ottawa to expand 30-year amortizations
• Increasing the insurable amount by 50% from $1M to 1.5M
• First Time Home Buyers & Investors
• Will these rules increase affordability

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Nick

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Dan

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In a world where deals are harder to come by - we are always looking for those creative ways to make them work....this is one of the best ways;

• What is a Vendor Take Back Mortgage?
• How Does a VTB Work?
• Benefits for Sellers & Buyers
• Common Scenarios for VTBs
• Risks and Considerations

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Nick

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Dan

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For real estate investors, leveraging mortgages is crucial for maximizing investment returns and optimizing cash flow. A deep understanding of financing options through mortgages can significantly enhance investment strategies, allowing investors to expand their portfolios efficiently.

• Have you ever wondered what goes on behind the scenes when securing a mortgage?
• What exactly are the roles and responsibilities of a mortgage agent,
• How do they secure the best deals for their clients? And can you save money by working with one?
• What kind of income can a successful mortgage agent expect
• What educational path is required to enter this profession?

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Nick

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Dan

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GDP growth, government spending, upcoming elections in Canada and the US, and how these things might factor into picking a market to invest in.

• The government is spending billions of dollars to make the economy look good, and it could have a massive impact on real estate in Canada
• a “ME-cession” rather than a “we-cession”
• Government cities tend to be more resilient during recessions for several key reasons

Sign Up For The Next Webinar Realist

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Attend a Meetups Meetups

Nick

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Dan

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tiktok.com/@danielfoch

See omnystudio.com/listener for privacy information.