Listen "Podcast 91: Millennials renters, is now the time to buy a Toronto condo?"
Episode Synopsis
Are houses finally becoming affordable in Toronto? With interest rates expected to drop and condo inventory surging, buyers have more options than ever. But is it the right time to jump into the market, or should you wait?In this episode of Broadview Table Talks, we break down the latest trends in Toronto real estate, including: • Interest rate predictions and their impact on home prices • Why trade-up buyers are dominating the market right now • The looming condo supply surge in 2025 and its effects on pricing • How government policies and economic shifts may influence the market • Alternative homeownership options, including laneway and garden suitesWe also discuss whether the long-term fundamentals of the Toronto market remain strong and why waiting for a massive crash might not be realistic.🔔 Subscribe for more real estate insights!👍 Like this video? Let us know in the comments!Timestamps:0:00 – Intro and preamble0:38 – Are houses actually becoming affordable now?1:51 – Market stats: Sales volume, inventory surge, and buyer sentiment2:52 – The impact of Trump tariffs on the Canadian economy5:38 – Inflation, monetary policy, and housing price stability6:44 – Why long-term homebuyers should ignore short-term market fluctuations7:37 – Difference between investors and end users in today’s market9:25 – The risks of renting vs. the stability of homeownership10:02 – Inflation and why housing prices will likely continue to rise10:32 – Is now a good time to buy or invest?12:35 – Why trade-up buyers are dominating the market right now13:53 – What’s happening with the condo market?14:32 – Why a 50% price drop is unrealistic and market crashes are unlikely17:11 – Will condo prices keep dropping in 2025?18:34 – The upcoming supply shortage by 2027 and beyond19:44 – Alternative homeownership options: Garden suites and laneway housing21:40 – Closing remarks: Long-term real estate as a stable investmentSchedule a 15-minute appointment to chat with me here: https://www.broadviewavenue.ca/appointments Download our guides here: How to Ask Your Parents For Help: https://www.broadviewavenue.ca/family-support-for-fthb The Toronto Professional's Guide to Real Estate Investing:https://www.broadviewavenue.ca/guide-download ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Subscribe now to keep updated for more information.If you want to chat with us, do the following:1. Send an email at [email protected]; or2. Send a direct message on my Instagram account below; or3. Book an appointment for a 15-minute video chat using the link on our website.If you’re not ready to reach out and just want to follow for more, find us online:YouTube: https://www.youtube.com/kennethyimhomes?sub_confirmation=1Instagram: https://www.instagram.com/kennethyimhomesTikTok: https://www.tiktok.com/@kennethyimhomesLinkedIn: https://www.linkedin.com/in/kennethyimhomesFacebook: https://www.facebook.com/BroadviewAvenueWeb: http://www.broadviewavenue.ca▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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