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 on yet, let's talk about that too.

Watch this podcast on YouTube: https://youtu.be/00djzR7Om_U

Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments

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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 ruins or will we become an even more thriving metropolis?

Watch this podcast on YouTube: https://youtu.be/x4BvG490-RY

Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments

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If you want to chat with us, do the following:

1. Send an email at [email protected]; or

If you’re not ready to reach out and just want to follow for more, find us online:

YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1

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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, especially those who may have difficulty qualifying for a traditional mortgage. However, it's important to weigh the pros and cons carefully before making a decision. If you're considering a vendor take-back mortgage, be sure to do your due diligence, negotiate the terms carefully, and have a clear contract that outlines the terms of the loan.

Watch this podcast on YouTube: https://www.youtube.com/watch?v=NRXymHZmwXw

Schedule a 15-minute Zoom call with Ken: https://www.broadviewavenue.ca/appointments

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If you want to chat with us, do the following:

1. Send an email at [email protected]; or

If you’re not ready to reach out and just want to follow for more, find us online:

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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 volume.

Let's also look at the shortage of new listings, resulting in bidding wars. Are they here to stay?

Be sure to follow the podcast feed on Apple or Spotify Podcasts for new episodes each week – we’ll be discussing a range of topics with experts such as current market trends, strategies for financing and refinancing, purchasing, and selling real estate.

Watch this podcast on YouTube:

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If you want to chat with us, do the following:

1. Send an email at [email protected]; or

If you’re not ready to reach out and just want to follow for more, find us online:

YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1

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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 by working as a team to help clients with difficult deals and staying up-to-date on industry developments. Tune in to gain valuable insights into the Canadian mortgage market and the broader economic landscape. Be sure to follow the podcast feed on Apple or Spotify Podcasts for new episodes each week – we’ll be discussing a range of topics with experts such as current market trends, strategies for financing and refinancing, purchasing, and selling real estate.

Watch this podcast on YouTube:

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If you want to chat with us, do the following:

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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 to house all these newcomers?

Watch this podcast on YouTube:

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If you want to chat with us, do the following:

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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:

For context, I called him "the boss" because he was wearing a Hugo Boss shirt.

Watch this podcast on YouTube:

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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 industry veteran Mitch Korman, principal lawyer from Korman and Company as we discuss how to protect yourself from real estate fraud.

Reach out to mitch at [email protected] or [email protected]. Visit his website at www.kormancompany.com

Watch this podcast in video:

Schedule a 15-minute Zoom call with Ken:

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If you want to chat with us, do the following:

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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?

The Bank of Canada overnight lending rate is now 4.5%, with a +0.25% rate increase. How will this impact the housing market?

Watch this podcast in video:

Schedule a 15-minute Zoom call with Ken:

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If you want to chat with us, do the following:

1. Send an email at [email protected]; or

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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 legislation:

Watch this podcast in video:

Schedule a 15-minute Zoom call with Ken:

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