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How's the market? Well that's what this week's episode is all about. The DAWG days of summer, if its better to rent than own and the Bank of Canada's path to 2.75% interest rates.

Join Steve Karrasch and Tom Storey on The Tom Storey Show, Canada's ONLY Real Estate podcast.

UPDATE: Since this was recorded, BC has walked back sections of the new 4 month evictions down to 3 months for property sales.

Check it out: https://news.gov.bc.ca/releases/2024HOUS0141-001239

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AUDIO PODCAST LINKS:

Spotify: https://open.spotify.com/show/7wEEPUUhaC8g2CsIwJetbd

Apple Podcast: https://podcasts.apple.com/.../the-tom.../id1627632474

Amazon: https://music.amazon.ca/.../the-tom-storey-show-with...?

TOM STOREY

Book a call with Tom: https://calendly.com/TomStorey

Tom's YouTube Channel: https://www.youtube.com/c/TomStorey/videos

The Storey Team, Royal LePage Signature: https://storeyteam.ca/

Instagram: https://www.instagram.com/thestoreyteam/

FaceBook: https://www.facebook.com/thestoreyteam

STEVE KARRASCH

Book a call with Steve: https://calendly.com/stevekarrasch

Steve's YouTube Channel: https://www.youtube.com/c/KarraschRealProperties/videos

Karrasch Real Properties, Macdonald Realty: https://www.krproperties.ca/

Instagram: https://www.instagram.com/karrasch_real_properties/

FaceBook: https://www.facebook.com/KarraschRealProperties/

Need VIDEO GEAR? Shop Steve's Amazon Store: https://amzn.to/45cIBbU

Podcast Chapters

00:00 📉 Interest Rates by End of 2025

00:31 🏠 Current Real Estate Market

03:03 🤝 Negotiating Real Estate Deals

08:03 💼 Short Sale Explanation

11:52 👨‍👩‍👧‍👦 Family Dynamics

13:13 🤔 Renting vs. Buying in the Current Market

22:30 🏘️ Understanding Market Opportunities

25:15 💡 Personal Preferences and Market Effects

29:23 📈 Job Security and Economic Impact on Housing

31:41 🚦 Toronto's Traffic and Housing Challenges

35:23 💰 Taxes vs. Basic Necessities

39:44 🏠 Government Housing Experience

00:45:39 📑 Tenant and Buyer Information Exchange Concerns

00:47:57 📃 Lease and Tenant Rights in Property Transactions

00:49:18 🛡️ Tenant Protections and Market Impact

00:50:27 📉 Real Estate Market Predictions and Landlord Reactions

00:55:14 🏗️ Government Intervention in Housing

00:58:15 📈 Condo Market Trends and Media Perspectives

01:01:01 📊 Interest Rate Predictions and Buying Versus Renting

01:07:18 🏠 Home Ownership Preferences and Stability

The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.