Tagreal estate

Posted January 10, 2025 Bank News

Ask the Expert: Steve Garganis – Solutions for a flatlining condo market and New Year predictions

With 2024 behind us and the new year upon us, the housing market is in a delicate balance. Interest rates are declining, which is great news for borrowers. However, these cuts are giving way to a small rebound in the housing market, and, to many real estate watchers, threatening to bring on another affordability crisis.

At the same time, no jumbo cut nor government incentive to bring first-time homebuyers into the field seems to be helping a stagnated condo market.

In my interview with RATESDOTCA, I shared my thoughts on what buyers and sellers can expect in 2025 and some moonshot ideas on how to revive condo development in Canada. Read more – Interview with Steve.

I hope you will enjoy this article and if you have any questions or would like to discuss I am always available.

Your best interest is my only interest. I reply to all questions and I welcome your comments. Like this article? Share with a friend.

Steve Garganis: 416-224-0114; steve@canadamortgagenews.

Rental properties as a secure long-term investment

Posted February 1, 2024 Finance

Population Crisis Part 2: The Good News

Hopefully you read Part One of this article where I discuss the Canadian government’s delusional (and incredibly damaging) immigration strategy. With no meaningful plan to absorb 500,000 newcomers per year, we’re looking down the barrel of a number of crises to come: a jobs crisis, a healthcare crisis, an infrastructure crisis, and of course, a housing crisis.

Posted January 30, 20241 Comment Finance

Population Crisis Part 1: The Bad News

Well, it’s safe to say that our federal government has officially lost the plot. Immigration numbers have exploded, and Trudeau has done absolutely nothing to prepare for the mass amounts of newcomers flowing in. Pre-Trudeau, we were receiving on average 200,000 immigrants per year. Under Trudeau, that number ramped up to 400,000, then 500,000, then 1,200,000.

Posted November 20, 2023 Mortgage Tips

There’s An Investment Opportunity Hiding In Plain Sight

There’s a lot of uncertainty surrounding the housing market right now, and with uncertainty comes negativity. Clickbait headlines. Grim forecasts. Pessimistic chatter. It all gets in the way of seeing the opportunities that can arise during challenging times like the one we’re in.

But if you’re someone who sees the big picture, you might want to keep reading. There might just be a unique investment opportunity right under your nose.

Posted May 16, 2023 Money saving tips

Multigenerational Housing: What We Can Learn From the Old Country

Parents are helping their adult children buy homes now more than any other time in history. It makes sense: housing is unaffordable, so why wouldn’t baby boomer parents help lighten the load? There’s a similar trend picking up steam however that’s a little more surprising: parents and children buying multi-unit homes together.

It makes a ton of sense if you think about it. Two or three unit homes could solve a lot of problems for multigenerational families. Interestingly enough, as novel as it sounds, there’s nothing new about this idea. In fact, it’s been happening in Europe for centuries.