Broadview Table Talks: Toronto Real Estate Podcast

There are a lot of office vacancies with the work-from-home generation, and we can't build residential properties fast enough. So wouldn't it make sense to convert under-utilized office towers to residential usage?

Municipalities would want it because remote work brings office vacancies, which leads a never-ending cycle of reduced property-tax revenue for cities, fewer amenities as nearby businesses struggle to stay afloat, and more people fleeing downtown areas.

Meanwhile demand for residential properties is far too strong, causing a huge run up in prices. Just look at the average rental rate.

If the basic economic laws of supply and demand are in still in play, then wouldn't it be logical to repurpose empty office towers into residential condos or rental apartments?

Watch this episode on YouTube:

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

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It's easy to say too bad, that's the consequence of being a landlord. But what if you are caught in this situation?

Mortgage interest costs have risen at the fastest pace in history, but the rental income isn't rising nearly fast enough to cover the payments. So what do you do if your tenant gave you their notice to move out, and renting it out again will put you in a horrible negative cash flow scenario? Do you take this opportunity to sell, when prices have declined by 15-20% or more, or do you continue to rent it out to a new tenant?

Let's talk about how we can navigate through this.

Watch this episode on YouTube:

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

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Subscribe now to keep updated for more information.

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

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

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Why is there a new landlord tax in Canada? It's not so much the tax, it's the convoluted method of filing for this. Who is "affected" vs "excluded", and what are the "exemptions"? Once you understand this new tax, the terminology will all make sense, but really, why?

Yes it's the new 2022 UHT (Underused Housing Tax). The filing deadline already got extended once from April 30, 2023 to October 31, 2023, so up until then everyone was in panic mode trying to file on time to not get these SIGNIFICANT penalties (minimum fine of $10,000 for late filing for corporations). ON THE DAY of the extended filing deadline, they extended it another 6 months to April 30, 2024.

Watch this episode on YouTube:

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

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Subscribe now to keep updated for more information.

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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With an eye on recent trends and future forecasts, we address a crucial question: Is 2024 poised to be the opportune year for investing in commercial assets?

Key Discussion Points:

Interest Rates vs. Commercial Asset Prices: Explore our analysis of how, despite the uptick in interest rates, commercial property prices have not seen a corresponding significant drop.

Market Correction Predictions: Understand the potential implications if the high interest rates persist, including the likelihood of a market correction leading to reduced seller price expectations.

2024 Investment Outlook: Learn why 2024 is being marked by experts as a potentially favorable time for investing in commercial properties.

Thank you TJ for joining us today!

Watch this episode on YouTube:

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

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Subscribe now to keep updated for more information.

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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Tune in an insightful Discussion with Kaleigh Kelly, Director of Sales at Graywood Developments.

Explore the intricacies of their current projects and the strategic benefits of investment. More importantly, how to get started with Real Estate investing!

Thank you Kaleigh for joining us today. You can follow her Instagram below: https://www.instagram.com/kaleighkelly/

Watch this episode on YouTube:

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

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Subscribe now to keep updated for more information.

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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We've sourced the most debated real estate questions from the internet, such as:

- The pros and cons of RENT CONTROLS

Arm yourself with sharp insights and expert perspectives on the Internet's most pressing topics on the real estate market. This episode is for investors, first-time buyers, and real estate deal hunters.

Watch this podcast on YouTube:

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

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Subscribe now to keep updated for more information.

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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some of the top real estate brokerage brands. The issue is that the current system is anti-competitive, to sellers that want to sell without having to be forced to pay a buyer's agent's commission.

This made big headlines over the past year in the States, and it looks like it's coming here. Will it change the way we do business here?

Watch this podcast on YouTube:

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

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Subscribe now to keep updated for more information.

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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The last time that the Bank of Canada paused their rate hikes in Spring 2023, the real estate market went bananas. Now that we are at or are near the terminal rate, what do you think will happen in the Fall 2023 GTA real estate market?

This isn’t going to be a market prediction discussion, but Ken and Michael do dive into the various factors contributing to all the uncertainty in the market. Listen in on our discussion and let us know of your thoughts.

Watch this podcast on YouTube:

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

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Subscribe now to keep updated for more information.

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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There's a new project coming to the Durham Region in Ontario, Canada. It's a mixed-use development, in Pickering's city core. This is the best affordable project in the Greater Toronto Area, with one bedroom condos starting in the $500's, at $1,050 per square foot.

Normally I would say don't just buy based on what's cheap, but I'm excited about this project because of the value that you get buying into a master-planned community, all created by one developer. Imagine a new city plopped on top of a thriving mall, with 6,000 units anchored by a 180-store mall, with 300,000 sq ft of office space, community centre, a hotel, and parks. All this density will create new employment opportunities, with entertainment for residents not only in the new towers, but in the overall Durham Region itself.

Getting to Downtown Toronto is also easy, with a 6-stop GO Train ride that will bring you to Union Station in 40 minutes. It's also right off the Highway 401, and will be a part of a new bus network.

Join us as we do a deep dive into the Pickering City Centre development, and discuss whether or not it is a good buy.

If you're interested in learning more about this project and how it compares with other opportunities in Toronto, give us a call.

Watch this podcast on YouTube:

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

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Subscribe now to keep updated for more information.

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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Toronto has a huge supply and demand issue in the housing market. With the need for strong immigration and with the lack of housing starts, this is going to get even worse in the future. The fundamentals make sense in the long run, but does it make sense to invest in real estate now with the fastest run up in interest rates in history? Is now the time to buy the dip, or are we going to see more pain coming?

There’s also the struggle for affordability in Toronto. Can the city sustain these massive budget deficits? Will they raise our taxes?

Watch this podcast on YouTube:

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

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Subscribe now to keep updated for more information.

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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