The condo market, which is clearly in recessionary territory, has conditions deteriorating to levels not seen in decades. What makes the situation more challenging is the role of investors in the presale market, which have made up to 70% or more of buyers.

• Challenges for preconstruction and resale condos in certain Canadian markets.
• Condos are a major challenge in Canada’s real estate and economy.
• Comparison of condo market with detached housing market.
• Evaluation of investment types: preconstruction, resale condos, and detached homes.
• Insights from a CIBC and Urbanation report discussed.

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The Bank of Canada has cut interest rates for the second time this year, on July 24th it cut 25 basis points. It cut its benchmark interest rate for the first time in four years back on on June 5 of this year. There are so many more questions to ask in this volatile, interest rate sensitive economy, such as

• why are they cutting
• what does this cut mean for buyers, sellers and mortgage holders
• Are there more cuts to come & if so, when
• and why we are seeing rate cuts and is that a good thing for Canadians?

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Nick

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Dan

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American or Canadian, it was the so-called “dream” in this part of the world for a long time to one day own a home. In this episode, we’ll look at:

• The affordability of Canadian vs. American cities
• Many Canadians thinking of a potential move, or at least an investment, south of our border
• Median incomes across North America and the cost of living
• Where the next real estate opportunities are
• And, once you have made it into the housing market, is it worth it?

Attend Our Event On Multiplexes

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Attend a Meetups Meetups

Get a Pre Approval G & H Mortgage Group

Get Financing with Landbank LandBank

Nick

Instagram.com/mybuddynick

tiktok.com/@mybuddynick

twitter.com/mybuddynick89

Dan

twitter.com/daniel_foch

instagram.com/danielfoch

tiktok.com/@danielfoch

See omnystudio.com/listener for privacy information.