The GTA real estate market is slowing down, with high borrowing costs, rising living expenses, and economic uncertainty cooling buyer enthusiasm.
Properties—especially condos and pre-construction units—are sitting on the market longer than usual, a surprising shift in an area typically driven by high demand. While the current environment poses new risks, it also opens up strategic opportunities for those ready to navigate this changing landscape.
In this episode, Owen and I discuss how recent Bank of Canada rate cuts impact both buyers and sellers
- Key differences between pre-construction and resale properties
- Financing challenges unique to pre-construction
- How rising immigration, unemployment, and cost of living are shaping the market
- Assignment sales and their legal implications
- Strategies builders use to manage inflation
- The recent increase in pre-construction cancellations
- Essential questions to ask when considering pre-construction
- Smart investor strategies in a down market
- Tips on choosing a reliable realtor
- Financial considerations for first-time buyers
- Risks involved with pre-construction financing
- Real estate as a long-term investment
And there's much more! Don't forget to rate and review the podcast. Connect with me on social media at @davidcinelli_realtor for additional content and any questions you may have about the market or the show. Looking forward to catching up with you next week!
Timeline Topics
[00:00 - 02:00] Intro
[02:00 - 04:00] Bank of Canada Rate Cuts
[04:00 - 06:00] Demand vs. Reality in Real Estate
[06:00 - 08:00] Pre-Construction Property Risks
[08:00 - 10:00] Immigration, Unemployment, and Economic Pressures
[10:00 - 12:00] Rental Market Dynamics
[12:00 - 14:00] Pre-Construction Financing Pitfalls
[14:00 - 16:00] Real Estate Investment Strategies
[16:00 - 18:00] Market Fluctuations and Investor Opportunities
[18:00 - 20:00] Choosing the Right Realtor
[20:00 - 22:00] Pre-Construction vs. Resale Debate
[22:00 - 24:00] Financing Risks and Assignment Sales
[24:00 - 28:00] Builder Strategies and Market Volatility
[28:03 - 30:00] Questions to Ask for Pre-Construction Purchases
[30:00 - 32:00] Financial Considerations for Buyers
[32:00 - 35:00] Realtor Selection Tips
[35:00 - 38:00] Key Advice for Long-Term Investment Strategy
[38:40 - 42:30] Conclusion
#ratecuts #realestate #bankofcanada