The Flow: Real Estate and Money Show

In this episode, host Alex McFadyen and guest Adam Scalena, a Vancouver-based realtor and co-host of the Vancouver Real Estate Podcast, delve into the current state and future projections of Vancouver's real estate market. Adam and Alex reflect on the predictions they made about Vancouver Real Estate in 2024 from Episode 15 of The Flow. They discuss the impact of interest rates, the resilience of Vancouver's housing prices, and the challenges faced by both buyers and sellers in different submarkets. The conversation also touches on the dynamics of the pre-sale market, the rental market shifts due to policy changes, and opportunities for potential buyers and investors. Adam provides expert insights into market trends, the influence of political decisions, and the intricacies of tenant-landlord dynamics in Vancouver.

Adam Scalena is real estate obsessed. Adam co-manages ⁠⁠Scalena Real Estate⁠⁠ founded in 2011, a real estate team that prides itself on expertly advising sellers and buyers on all aspects of the dynamic and fast-paced Vancouver real estate market.

Adam’s professional achievements include being recognized by The Real Estate Board of Greater Vancouver as a top 10% agent since his rookie year, as a Double Centurion Agent awarded to the top 1% in Canada (Century 21), and the coveted spot as Oakwyn’s Top 30 Agents. Adam has also dedicated much of his career as a mentor to new agents, many of whom have gone on to be top-producing industry leaders.

Adam is real estate obsessed. He has an extensive background in residential and commercial real estate investing, building, and renovating in Vancouver and throughout the province. His network has expanded over the years to include many of the best agents, contractors, engineers, lawyers, and architects in the industry throughout British Columbia.

In 2016, Adam co-founded the Vancouver Real Estate Podcast, the first of its kind, which has become a global success with over 500+ five-star reviews, 1 million+ downloads, and countless awards and acknowledgments. The Vancouver Real Estate Podcast gives everyone the opportunity to stand on the shoulders of industry giants with timely, weekly conversations with builders, investors, politicians, urban planners, architects, economists, and other industry thought leaders, discussing their successes, failures, motivations, lessons learned and best investment advice. As leading voices in the industry, Adam and Matt have been featured in local and national media and have worked with many of Vancouver’s most reputable developers on some of the region’s most successful and respected development projects.

Adam lives in East Vancouver with his wife, Sabrina, and his two girls, Ivy and Cecilia.

The Vancouver Real Estate Podcast (VREP): vancouverrealestatepodcast.com

Scalena Real Estate: scalenarealestate.com

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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

Trump won! Are we in for doom in the Canadian Markets? Alex McFadyen of Flow Mortgage Co. explores the implications of Donald Trump's recent U.S. election victory for Canadian real estate and mortgage rates. The discussion covers the historical correlation between U.S. policies and Canadian mortgage rates, the effect of U.S. treasury yields on Canadian bond yields, and how these changes could influence fixed and variable mortgage rates in Canada. McFadyen dives into the potential impacts on inflation, economic growth, and housing demand. Key takeaways include the importance of monitoring trends and considering fixed-rate mortgages for stability amidst rising volatility.

Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

In this episode, host Alex McFadyen of Flow Mortgage Co. discusses the state of the rental market in Greater Vancouver with Keaton Bessey, Managing Broker of Greater Vancouver Tenant & Property Management Ltd. The conversation delves into several topics, including the slow market trends throughout 2024, the impact of an increased supply of rental properties, the correlation between rental and mortgage rates, and the challenges posed by current tenancy laws. Keaton provides insights into the demand dynamics, influences on rental rates, and the effects of recent governmental policy changes, aiming to offer a comprehensive look at the future outlook for renters and landlords in the region.

Keaton Bessey is the Managing Broker at Greater Vancouver Tenant & Property Management Ltd. Are you looking for a Property Management company or just interested in the world of Property Management? Reach out to Keaton through the links below:

Website: gvantpm.com

Email: [email protected]

Social Media: @gvantpm

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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

Join Alex McFadyen, Mortgage Broker and Owner of Flow Mortgage Co., as he delves into the bombshell announcement last week from the Bank of Canada. In this episode, Alex discusses the recent Bank of Canada rate cut on October 23, 2024, and its implications for the economy and housing market. He evaluates future predictions, including potential further rate cuts by December and the effects on borrowers with adjustable-rate mortgages. Alex also provides insights into the Fraser Valley real estate statistics, highlighting negotiation opportunities and market dynamics. Additionally, he covers upcoming changes in mortgage rules by CMHC in 2025 and their anticipated impact. This episode offers a comprehensive analysis of bond yields, fixed versus variable mortgage rates, and strategic mortgage decisions amid fluctuating rates, helping listeners prepare for upcoming financial shifts.

Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

In this comprehensive episode, Alex McFadyen, Mortgage Broker and Owner of Flow Mortgage Co., sits down with Heather Blaeser, a realtor specializing in development pre-sales, to dive deep into the complexities and nuances of the real estate market. The conversation covers a vast array of topics, from the historical boom and bust cycles in regions like Revelstoke, Canmore, and Kelowna, to the unique challenges of resort development and market demands. Key episodes include discussions on the rise of tourism and short-term rentals in Kelowna post-COVID-19, the impact of new short-term rental regulations coming into effect in May 2024, and the current struggle of closing deals amidst an affordability crisis and investment-driven purchases. Heather offers valuable insights on developer strategies adapting to new market conditions, financial and regulatory pressures, and shares actionable advice for potential investors on securing financing and making timely strategic decisions. Tune in to explore how industry veterans navigate and thrive in the ever-changing real estate landscape.

You can find Heather on Instagram: @heatherblaeser.realestate

You can also reach out to Heather through her website: blaeserhomes.ca

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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

In this episode, Alex McFadyen, Mortgage Broker and Owner of Flow Mortgage Co., explores various significant changes impacting the Canadian real estate market. Starting with the Canadian Federal Government’s October 8th announcement on the return of insured refinancings, a program which facilitates constructing secondary suites up to 90% of a property's 'as complete' value, Alex examines how these adjustments could benefit homeowners and investors alike. He also delves into new secondary suite incentive programs introduced by the federal government and provinces like British Columbia, analyzing the implications for zoning laws, rental income, and multi-family living opportunities. In addition, the episode covers potential taxation changes, including a proposed tax on vacant land and the underused housing tax, and discusses their broader market impact based on historical precedents from Ireland and South Africa. Throughout the episode, Alex provides critical insights on municipal acceptance challenges, the federal stance on housing solutions, and the anticipated effects on first-time homebuyers, while encouraging audience interaction and feedback.

Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

**********

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

In today’s episode, Alex McFadyen brings on Daniel Foch. Daniel discusses his journey in using social media platforms like Twitter and Instagram to engage with audiences on real estate topics, reflecting on the differences in user engagement and content reception between the two platforms. The conversation also covers the challenges of rapid information and policy changes in the Canadian real estate market since 2020, such as evolving mortgage rates, regulations like the stress test, and the impact of government policies on real estate trends. Daniel offers insights into investment strategies, emphasizing the growth of roommate living arrangements and opportunities in value-add strategies for real estate investors amidst a complex and swift-changing landscape.

Make sure to checkout the Canadian Real Estate Investor Podcast wherever you listen to podcasts.

Daniel Foch is a Realtor with Rare Real Estate Group in Toronto. Dan is also a co-host of The Canadian Real Estate Investor Podcast.

Daniel’s Instagram: @danielfochThe Canadian Real Estate Investor Podcast: @canadianrealestateinvestor

**********

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

In this episode, Alex McFadyen breaks down the latest changes in mortgage regulations and real estate guidelines introduced by the Canadian government. Starting with new CMHC rules that impact down payments and amortizations, Alex explores what these mean for first-time home buyers and the market. He also discusses the recent announcement by the BC NDP on a new homebuyers platform and its implications. Additionally, Alex dives deep into OSFI's elimination of the stress test for uninsured mortgages, explaining how this benefits consumers and promotes competition among lenders. Tune in to get a detailed analysis of these significant regulatory changes and their potential impact on the real estate market.

Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

**********

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

Alex McFadyen, Mortgage Broker and Owner of Flow Mortgage Co., dissects the recent sweeping changes to the Canadian mortgage industry announced by the government, focusing specifically on CMHC-insured mortgages and their impact on buyers. He also delves into a significant rate cut announcement made by the U.S. Federal Reserve, explaining the potential implications for the Canadian financial landscape. The discussion covers down payment requirements, the effects on existing and first-time buyers, and explores strategic considerations in a declining rate environment. Lastly, Alex addresses the potential repercussions for banks, non-bank lenders, and consumers, all while providing actionable insights for those renewing or refinancing mortgages.

Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.

Alex’s Social Media: @themortgagepug

**********

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

In this episode, Alex McFadyen from Flow Mortgage Co. engages Brendon Ogmundson from the BCREA in a comprehensive discussion on the housing market in British Columbia. Make sure to check out Episode 47 of The Flow for Alex's original conversation with Brendon.

The conversation begins with some light banter about the Seattle Seahawks' latest game before diving into Brendon's recent YouTube video on the real estate market's challenges. They explore key topics such as the province's labor shortages, the anticipated demand for construction workers, the feasibility of meeting housing start targets, and the broader economic impacts of these issues. The talk further delves into the province's long-term housing affordability and strategies needed to retain young families in the region. They end with a reflection on the potential outcomes for the BC housing market by 2035.

Make sure to check out Brendon’s recent YouTube videos at: youtube.com/@BCRealEstateAssn/

And to learn more about the BCREA, check out their website at: bcrea.bc.ca

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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco

Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.