The Canadian Real Estate Investor

This podcast episode features interviews from the 2024 Ontario Home Builders' Association Annual Conference in Niagara Falls with key figures in Ontario's home building industry⁠, including conversations with the regulator responsible for consumer protection, builders, and other industry leaders⁠. The interviews include discussions with Wendy Moir (CEO of HCRA), Mike Memme (Chair of OHBA and Co-Owner & Operations Manager of Mountainview Building Group), Scott Andison (CEO of OHBA), Dave Depencier (Past Chair of OHBA and Owner & President of Depencier Builders), and Miyoko Oikawa (Senior Manager, Stakeholder Liaison and Technical Services at OHBA). Sign Up For The Next Webinar Realist  Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

We explore the concept of rent-to-own real estate in Canada, comparing it to car leasing and explaining how it bridges the gap between renting and owning property.  Rent-to-own offers two main agreement types: a lease option agreement where tenants have the choice to buy, and a lease purchase agreement where they're obligated to buy at the end of the term⁠ The typical structure includes an upfront option fee (1-5% of home price), monthly rent payments with a portion going toward the future purchase, and a predetermined purchase price⁠ This strategy is particularly beneficial for people who can't qualify for traditional mortgages due to insufficient down payment, low credit scores, or non-traditional income sources⁠ Sign Up For The Next Webinar Realist  Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfochSee omnystudio.com/listener for privacy information.

We explore critical challenges facing the real estate market and broader economy⁠. From housing affordability concerns to visa expirations and commercial real estate trends, these developments are reshaping the Canadian market in significant ways, oh and will Canada become the 51st State?  Housing affordability remains a major concern, with projections suggesting no significant improvement until 2035⁠ A potential demographic shift looms as visa expirations could lead to significant population changes⁠ The commercial real estate sector is experiencing a transformation, with a shift towards asset management and ongoing challenges for Vancouver developers⁠ Attend Our Real Estate Holiday Party Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

Josh Findlay of BLD Financial serves mid-sized real estate developers executing projects  in the $2M-$10M range in Canada. We discuss CMHC policy impacts, the MLI program's focus on energy efficiency and affordability, and emphasizes the need for sophisticated investment strategies and expert support. The $2M to $10M market is underserved by traditional banks, creating a significant opportunity in this "missing middle" segment⁠ ⁠​CMHC policies are constantly changing and impact financing options, requiring ongoing attention to policy updates ⁠​Risk management is crucial when dealing with high-leverage projects, emphasizing the importance of careful financial planning⁠⁠ Attend Our Real Estate Holiday Party Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

What are Development Charges (DC's) and what is the actual impact on housing & the economy. We are also joined by Matt Young of Republic Developments as an expert and advocate of DC's.  Development charges are fundamental fees collected from developers to fund municipal infrastructure⁠⁠​ These charges have risen dramatically and are significantly impacting housing affordability⁠⁠​ The government is a major beneficiary, collecting substantial revenue through various taxes and fees on new home construction⁠ ⁠​High development charges actively discourage builders from constructing new homes, affecting housing supply⁠⁠ Attend Our Real Estate Holiday Party Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

You may have heard of them, or maybe as a landlord, you've tried one, or as a tenant you’ve been on the receiving end of a renoviction. Thats renovation + eviction = renoviction. But what are they & why are we hearing so much about them right now. Good Faith Vs Bad Faith Renovictions The laws and bylaws being passed around the country Rent Control Vs. Vacancy Decontrol The case for Landlords & Tenants Attend Our Real Estate Holiday Party Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

The Canadian real estate market showed significant recovery in October 2024, with home sales reaching their highest level since April 2022 and we hear from our host across the country for boots on the ground updates   Market conditions vary by region, with Edmonton and Montreal emerging as the hottest markets while Toronto's condo market faces challenges⁠ Key highlights:National average home price rose to $696,166, up 6% year-over-year⁠ Inventory levels dropped to 3.7 months nationally, the lowest in over a year⁠ Interest rate cuts from Bank of Canada (125 basis points) have helped boost market momentum Attend Our Real Estate Holiday Party Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

We are joined by Alkarim Devani of  RNDSQR & MDDL, to talk all things Missing Middle! As the co-founder of RNDSQR for almost a decade, Alkarim demonstrated his vision through numerous projects, including hundreds of middle housing developments and mid-rise buildings with heritage restorations, comprising over 200+ units. In his new role as co-founder and CEO of MDDL, Alkarim is leading efforts to educate, empower, advocate for, and mobilize an ecosystem across Canada to support the development of middle housing in a simplified, transparent, and sustainable manner. Sign Up For The Next Webinar Realist  Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups Nick  Instagram.com/mybuddynick tiktok.com/@mybuddynick twitter.com/mybuddynick89 Dan twitter.com/daniel_foch  instagram.com/danielfoch tiktok.com/@danielfoch buy your next property with ai - valery.caSee omnystudio.com/listener for privacy information.

The breakdown on the most recent CMHC report Shorter mortgage terms gain popularity as borrowers anticipate future rate cuts, with over half of new mortgages opting for shorter fixed-rate terms⁠ Canada faces significant risks with 1.2 million mortgages set to renew in 2025, potentially causing financial stress for homeowners transitioning from historically low rates⁠ ⁠​Rising delinquency rates in non-mortgage credit products serve as early warning signs of broader financial stress among Canadian households⁠ See omnystudio.com/listener for privacy information.

We cover updates with our event hosts from across the country as well as the CREA updates,  Canadian home sales increased 1.9% month-over-month in September 2024, reaching the highest level since July 2023, with a 6.9% year-over-year increase. New listings grew 4.9% month-over-month, resulting in a more balanced market with a sales-to-new listings ratio of 51.3% and 4.1 months of inventory. The MLS® Home Price Index rose slightly by 0.1% month-over-month, while the national average sale price increased 2.1% year-over-year to $669,630. Sign Up For The Next Webinar Realist  Join the best community in Canadian Real Estate realist.ca Attend a Meetups  Meetups 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.