Equity Gains & Navigating the Evolving Real Estate Landscape of Toronto and Surrounding Areas
Manage episode 394049595 series 3502376
There are lots of famous quotes by famous people about the value of history. One example is by Teddy Roosevelt, “I believe the more you about the past the better you are prepared for the future.”
In this episode, Robert Malcolm of Perch Mortgage Brokerage discusses the history and future trends of the real estate market in the Greater Toronto Area (GTA). There’s been significant growth in property equity since 1989, with an increase of 336%.
Malcolm also discusses the impact of interest rates on the real estate market, noting the high rates of the late 80s and early 90s and the subsequent shift to lower rates. He suggests that the current market is shifting towards a buyer's market due to affordability issues and increased supply and advises potential buyers to ensure they can afford their mortgage payments and to seek professional advice before making a purchase.
Listen For
3:40 The Historical Context of Real Estate in the GTA
5:48 The Impacts of Government Policies and Interest Rates
7:43 Market Dynamics Post-Pandemic
9:37 Current Market Conditions and Strategy
Guest: Robert Malcolm, Perch Mortgages
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Contact Nicole Lopez
Real Estate Agent
Royal LePage Credit Valley Real Estate, Brokerage
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