Broadview Table Talks: Toronto Real Estate Podcast Kenneth Yim from Broadview Avenue Group Toronto

There are people out there that hate real estate investors. They hate that we horde supply and profit off something that should be a fundamental basic human need.

I recently received a call from a frustrated individual accusing me of pumping up the market and contributing to the commoditization of homes. So join me as I share my perspective on the heated debate of real estate as an investment, the current market dynamics, and the challenges faced by both investors and tenants.

Whether you're a real estate enthusiast or a skeptic, this discussion offers valuable insights into the complexities of the housing market. Don't forget to like, subscribe, and leave your feedback—your thoughts help shape future content!

A massive surge of new listings came on to the Toronto real estate market, yet sales are still flat. Why?

Let's explore the latest trends and statistics from April. We discuss the implications of the upcoming interest rate announcement in June, the impact of employment rates on real estate, and the challenges faced by both buyers and sellers in this uncertain market.

We will analyze the sales-to-new-listings ratio, compare current market conditions to historical trends, and provide insights into potential opportunities for buyers and investors. We also highlight some unique investment properties and discuss the state of the rental market in Toronto. Whether you're a seasoned investor, a first-time homebuyer, or simply interested in real estate, this episode offers valuable information to help you navigate the market.

There are lots of complexities in Toronto's real estate market. Let’s discuss the latest trends, market statistics, and strategies for both buyers and sellers. From rising mortgage rates to the increasing inventory that signals a buyer's market, find out how to navigate these challenges and make informed decisions in today's economic landscape.

Here’s my take on the new capital gains inclusion rates in the 2024 Canadian federal budget. As much as I want to talk about the politics of it all, I will hold back. There’s no sense complaining about it, because that will change nothing.

Rather, let’s look at how it will impact your real estate strategy, and what you can do about it.

Watch this podcast on YouTube: https://youtu.be/C6zFAzWvuEU

Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments
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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 a buyer willing to take over at a big profit is tough. Alternatively, you could close on the property, taking on monthly losses due to negative cash flow. This is a gamble, betting on the market's eventual recovery. Remember, closing means committing to years of potential financial strain unless the market swings back. The root of this dilemma? A market boom driven by low interest rates during the pandemic, leading to high purchase prices now misaligned with current values. Whatever path you choose, it's a decision weighed heavily by the market's unpredictable nature.