July 5, 2024

Ep. 6 – Future of Real Estate in Toronto: The Next 6 Months

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In this episode of “The Last Honest Realtor” podcast, host David Fleming is joined by long-time colleague and friend Chris Cansick to delve into the current state of the real estate market. With a focus on summer market trends, they explore how the market has evolved over the past year and what to expect in the coming months.

David and Chris discuss the latest statistics, economic factors, and the impact of interest rates on buyer and seller behavior. They provide valuable insights into the contrasting dynamics of the Freehold and Condo markets, offering predictions for the fall market and highlighting investment opportunities.

This episode is a must-watch for real estate professionals, homeowners, and anyone interested in understanding the complexities of the real estate market.

In This Episode:

  • Analysis of the summer market: Is it really slower?
  • Reflecting on the tough fall and winter markets of 2023
  • The surprising strength of the 2024 spring market
  • Understanding absorption rates and their impact on the market
  • The Tale of Two Cities: Freehold vs. Condo markets
  • How interest rates are influencing buyer and seller behavior
  • Predictions for the upcoming fall market

00:00 – Introduction
00:06 – Welcoming Chris Kik to the Podcast
00:45 – Overview of the Current Market: Summer Trends
01:21 – Comparing 2023 Fall/Winter Market to 2024 Spring Market
03:37 – Case Study: Selling Strategies and Timing the Market
06:01 – Changes in Buyer Behavior and Offer Dates
09:06 – Examining Absorption Rates and Market Data
12:03 – Insights on the June Market Slowdown
16:13 – Discussing Interest Rates and Market Impact
19:55 – The Tale of Two Cities: Freehold vs. Condo Markets
26:01 – Predictions for the Upcoming Fall Market
29:41 – Investment Opportunities and Market Predictions
34:02 – Interest Rate Cuts: Impact on the Market
36:34 – Wrap-Up and Final Thoughts

Don’t Miss:

  • David and Chris’s insights on the current real estate market
  • Real-life stories and analysis of market trends
  • Practical advice for buyers, sellers, and investors

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