#canadianrealestate #canadianeconomy #realestateagentsSummaryIn this episode, Cortez and Brooke discuss the current state of the real estate market, focusing on the dynamics between buyers and sellers, the challenges in the rental market, and the impact of political policies on housing starts. They explore the wealth gap between homeowners and renters, the upcoming mortgage renewal challenges, and the overall sentiment in the market, which reflects a sense of urgency for change.1. Book A Call With Us Here (It's absolutely free) 🏡 👇🏼https://calendly.com/cortezandbrooke2. Sign Up For Our Newletter 👇🏼https://cortezranieri.substack.com/3. Other Contact Information 🤝📱 call or text 289-795-5773📧 email: [email protected]💻 website: https://brookehicks.comTakeawaysThe current market favors buyers due to less pressure on pricing.Sellers often misprice their homes based on other listings rather than sold prices.Rents are declining in many Canadian cities, impacting landlords negatively.Many potential buyers lack sufficient savings for down payments.Housing starts in Ontario are lagging behind other provinces.NIMBYism is a significant barrier to new developments in Ontario.The wealth gap between young homeowners and renters is widening.Political policies are not effectively addressing housing issues.Mortgage renewals in 2025-2026 will likely lead to payment shocks for many borrowers.The overall sentiment in the real estate market is one of concern and frustration. Chapters00:00 Welcome Back and Market Overview02:52 Buyer and Seller Dynamics05:54 Rental Market Trends08:35 Challenges in Housing Starts11:18 Government Policies and NIMBYism14:17 The Wealth Gap in Real Estate17:13 Mortgage Renewal Challenges20:02 Conclusion and Future Outlook