A podcast focused on updates, tips, and tricks for everything London, Ontario, and area real estate. Brought to you by Phil Bailey, Sales Representative from HouseSigma Inc. Brokerage in London.
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Learn all about investing in real estate in Ontario, California with a combination of real estate financial planning and modeling with numbers specific to Ontario plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Ontario).
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We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
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In this episode, we begin with an introduction and a sponsor message from Real Approved Inc. We delve into CMHC trends, focusing on how low interest rates are affecting mortgage renewals. The discussion moves to proactive planning strategies for anticipated mortgage renewal cost increases. We examine BMO's increase in loan loss provisions and its c…
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Secrets to Selecting an Investor-Friendly Real Estate Agent
1:22:15
1:22:15
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Learn the secrets of selecting an investor-friendly real estate agent in Ontario. This class is Module 12 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What is the NAR settlement and how will it likely impact buyers and sellers? What’s the difference between real estate agents, brokers, and REALTORS®…
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How Trump Tariffs, Interest Rates, and New Mortgage Rules Could Impact the London Ontario Real Estate Market
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Have a real estate question? Click here to text me! - Phil On this episode of The London Ontario Real Estate Podcast host and local real estate agent Phil Bailey chats with Spencer Murray, a Mortgage Broker in London, about new mortgage rules coming into play on December 15, interest rates, and those Trump Tariffs! How will this impact the market i…
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In this episode, we start with an introduction and a sponsor message. We examine the Canadian bond market and unemployment trends, discussing the Bank of Canada's anticipated rate cuts and varying opinions on their implications. The conversation shifts to regional job market dynamics and sector-specific employment analysis, while also exploring inv…
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In this episode, we explore potential Bank of Canada rate cuts and their impact on the housing market. We discuss homebuyers' cautiousness, CMHC's mortgage cost report, and challenges for homeowners with fixed-rate renewals. We also review TD Bank's mortgage growth strategy and analyze the Collingwood real estate market, focusing on supply, demand,…
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In this episode, we explore Toronto's home sales surge, GTA price trends, and the impact of interest rates on housing optimism. We discuss new listings, market conditions, and condo trends, along with mortgage renewals and sales stats. Our analysis includes national sales, the Bank of Canada's influence, and GTA market activity. We cover fixed mort…
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Episode 153: GTA Home Sales Post-Rate Cut, BoC Predictions, and Rising Mortgage Delinquencies
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In this episode, we begin with an introduction and a sponsor message by Real Approved Inc. We then explore Greater Toronto Area home sales and market trends following a recent rate cut. The discussion turns to the Bank of Canada's upcoming key lending rate announcement, with expert predictions on its potential impact. We examine how mortgage renewa…
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Episode 152: Fixed Mortgage Rate Hikes, RE/MAX Outlook, and Ontario Market Buying Opportunities
12:53
In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then discuss the recent trend of banks raising fixed mortgage rates and the factors influencing these changes. Seasonal rate fluctuations and market expectations are explored, followed by RE/MAX Canada's market outlook and new rule changes anticipated fo…
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In this episode, we begin with an introduction and a sponsorship message from Real Approved Inc. We then discuss the earnings of Canadian banks, their challenges, and the broader economic outlook. A positive outlook is provided for Scotiabank and National Bank, highlighting the competitive mortgage landscape. The episode covers the Bank of Canada's…
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In this episode, we kick off with an introduction and a sponsor message from Real Approved Inc. We then provide a positive outlook for Canada's big banks, delving into stock performance insights. The discussion continues with an analysis of bank growth potential, earnings multiples, and the resulting investor optimism. We explore mortgage defaults,…
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In this episode, we begin with a welcome and introduction to current mortgage trends and policy changes. We examine recent changes to the mortgage stress test and the industry's reactions. The complexities of mortgage regulations are discussed alongside Q4 banking sector earnings. TD Bank provides an analysis of the looming mortgage renewal cliff. …
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Learn the secrets of catching up on saving for retirement in Ontario... with an emphasis on using real estate investing. This class is Module 11 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What do you do if you wake up one morning and realize that you’re behind on saving for retirement? What can yo…
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In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then delve into the Ontario Real Estate Association's policy recommendations and the Real Estate Council of Ontario's discipline process. Mark Morris provides a critique of CMHC insurance and shares economic insights. We discuss mortgage stress tests and…
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Episode 147: Rising Mortgage Rates, Ontario Housing Targets, and AI in the Mortgage Industry
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In this episode, we begin with an introduction and sponsor mention, followed by a discussion on the impact of rising mortgage rates on housing affordability in Canada. We explore Ontario's housing target and the government incentives designed to meet it. The episode addresses construction costs and potential solutions for Ontario's housing crisis. …
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In this episode, we kick off with an introduction and sponsor mention, then explore the Bank of Canada's interest rate decisions and their impact on economic stability. We analyze the real estate market's response to high interest rates, followed by a look at challenges in the rental market and strategies for investors. The episode covers new mortg…
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In this episode, we begin with a welcome and introduction, leading into the Bank of Canada's rate forecast and insights into historical GDP performance. We discuss updates on mortgage stress-test rules and highlight new industry partnerships. The episode covers trends in Canada's housing market, focusing on new home prices, and reviews Equifax Cana…
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In this episode, we start with an introduction and a sponsor message from Real Approved Inc. We then delve into housing market trends in the Greater Toronto Area, Aurora, and Newmarket, emphasizing the importance of setting realistic market expectations. We address the rise in real estate fraud cases and offer prevention tips, followed by a discuss…
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In this episode, we begin with an introduction and sponsor mention before diving into the TRREB Q3 2024 condo market report, focusing on current market conditions. We discuss average condo prices and share analyst insights on trends and expectations. The episode also covers the CEO transition at MCAN Mortgage Corporation and the company's future ou…
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Episode 142: Ontario Housing Supply Crisis, Mortgage Rate Options, and Global Economic Challenges
16:07
In this episode, we explore Ontario's housing supply crisis and the government's proposals to tackle it, including efforts to streamline residential unit construction and improve landlord/tenant operations. We address staffing shortages in Northern Ontario, new home warranties, pay-on-demand surety bonds, and OREA's push for aggressive action. TRRE…
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Secrets of Nomad™ Real Estate Investing
1:18:07
1:18:07
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Learn the secrets of the Nomad™ real estate investing strategy for Ontario real estate investors. This class is Module 10 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: What are the different variations of the Nomad™ real estate investing strategy and what are some of the pros and cons of each. What a…
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In this episode, we explore the impact of rising Canadian bond yields and U.S. economic policies on mortgage rates. We discuss Canada's inflation, the government's $250 plan, and a shift towards variable rates. Updates on stress test requirements, loan-to-income limits, and lenders becoming developers are covered. George Hugh shares insights on int…
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In this episode, we begin with an introduction and sponsor mention before discussing changes to the mortgage stress test for those switching lenders. We examine FSRA's enforcement actions against Canada Mortgage Group and the rise of HELOC borrowing, highlighting potential risks. The episode delves into predictions of a housing crisis in Canada and…
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In this episode, we kick off with a sponsorship from Real Approved Inc. and dive into Canadian inflation and property tax updates. We discuss banks' and markets' reactions to potential Bank of Canada rate cuts and analyze CMHC housing starts data with regional trends. Highlights include insights from the Scotiabank Housing Poll and Smart Prosperity…
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Episode 138: Surge in Home Sales, Housing Affordability Investments, and Regional Market Disparities
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In this episode, we begin with an introduction to housing starts and market trends, followed by a discussion on the recent surge in home sales and the impact of interest rate cuts. We explore government investments aimed at improving housing affordability and gather expert opinions on current market dynamics. The episode highlights regional dispari…
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In this episode, we kick off with a welcome and sponsor message before discussing GDP revisions and the Bank of Canada's rate cut. We delve into mortgage regulation, examining the Bank's cautious stance and potential long-term impacts. The focus then shifts to the Canadian economy, its challenges, and recovery prospects. We analyze the Bank of Cana…
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Episode 136: Immigration Cuts' Impact on Housing, GTA Condo Market, and Long-Term Opportunities
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In this episode, we begin with a welcome and introduction before delving into the Parliamentary Budget Officer's report on the housing market impact of potential immigration cuts. We then explore recent developments in the Greater Toronto Area's condominium market, providing a comprehensive summary of current market dynamics and highlighting long-t…
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Episode 135: National Home Sales Recovery, Mortgage Renewal Challenges, and Ontario Market Outlook
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In this episode, we kick off with a welcome and sponsor introduction, then dive into national home sales and market recovery insights. We cover market dynamics like new listings, average sale prices, and mortgage arrears. The conversation touches on mortgage renewal challenges, financial institution support, and projections for the mortgage market.…
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Secrets of Asset Protection
1:24:22
1:24:22
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1:24:22
Learn the secrets of asset protection for Ontario real estate investors. This class is Module 9 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: My top 10 asset protection tips for real estate investors that you’d be a fool to ignore. The importance of getting bespoke legal advice and why you should nev…
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Episode 134: Mortgage Arrears Forecast, Open Banking Effects, and Toronto Real Estate Update
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In this episode, we dive into mortgage arrears forecasts for Toronto and Vancouver, examining market liquidity and rising interest rates with insights from CMHC. We discuss the Canadian labor market's impact on the mortgage industry and trends in fixed and variable rates. Challenges faced by homeowners during renewals, effects of open banking on mo…
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Have a real estate question? Click here to text me! - Phil On this episode of The London Ontario Real Estate Podcast, local real estate agent Phil Bailey from HouseSigma Inc. Brokerage reviews the latest October 2024 real estate market statistics, including trends in home prices, interest rates, and insights on how these factors are shaping the rea…
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In this episode, we start with a sponsorship mention from Real Approved Inc. and delve into mortgage rate competition and bank renewal strategies. We discuss challenges faced by smaller mortgage brokers and examine insolvency trends affecting Canadian households. Business insolvencies and their sector impacts are analyzed, along with a real estate …
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Episode 132: Bank of Canada's Credit Warning, Mortgage Market Predictions, and Toronto's Affordable Housing
15:26
In this episode, we begin with an introduction and sponsor mention before delving into the Bank of Canada's recent credit warning and its implications for mortgage debt. We explore the role of credit in housing affordability and market dynamics, followed by predictions for the mortgage market and bank competition. The episode includes an analysis o…
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In this episode, we examine Toronto's housing market dynamics, focusing on the recent surge in sales, price increases, and ongoing supply issues. We discuss the challenges of balancing supply and demand in the real estate market and how these factors are influencing current trends. Additionally, we explore the impact of Ontario's cost of living on …
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In this episode, we start with a brief introduction and sponsor mention, followed by an exploration of recent trends and statistics in the Greater Toronto Area condominium market. We provide market projections for Toronto condos, including inventory absorption rates. We then analyze 10-year fixed mortgages, discussing their benefits, drawbacks, and…
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In this episode, we explore Canada's mortgage landscape, focusing on the growing trends of mortgage defaults and foreclosures. We analyze the Bank of Canada's monetary policy, particularly recent rate cuts, and their implications for the housing market. Additionally, we discuss the ongoing issue of inflation and its impact on housing affordability.…
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In this episode, we delve into Canada's housing market trends, noting shifts in bargaining power and seller-favorable conditions. We explore housing affordability and activity in Toronto and Montreal, Vancouver's dynamic market, and Calgary's resilience. We discuss new mortgage rules, their impact, and updates on Toronto and Vancouver's development…
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Secrets of Hiring and Managing a Property Manager
1:57:23
1:57:23
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Learn the secrets to hiring and managing a property manager in Ontario. This class is Module 8 of 46 in a series called Real Estate Investing Secrets. Topics covered in this module include: A small tweak to your mindset around renting your property that will change all aspects of your property management... for the better... to make it easier, to l…
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In this episode, we delve into recent mortgage rule changes and their effects, examining the supply-demand imbalance impacting home prices. We discuss finance costs, extended amortizations, lender capital requirements, and inflation targets, all influencing mortgage rate forecasts and policy reforms. We also explore borrower transitions between len…
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In this episode, we delve into Toronto's home sales and market trends for October, providing a snapshot of the current housing landscape. We analyze how the housing market is responding to the Bank of Canada's recent rate cuts, focusing on the effects of decreasing interest rates on household spending and budgets. The episode also covers regulatory…
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In this episode, we begin with an introduction to the crucial topics of mortgage renewals and the risks associated with delinquencies. We then explore the Bank of Canada's recent interest rate cut and the economic signals it sends. A comprehensive update on the Greater Toronto Area housing market follows, providing valuable insights into current tr…
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In this episode, we begin with a welcome and introduction, setting the stage for an exploration of the current mortgage market. We discuss the growth in mortgage debt, factors deterring buyers, and the impact of upcoming renewals. The episode examines changes in mortgage types and the dynamics among investors. We also analyze the effects of governm…
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Episode 123: Ontario's Population Dynamics, Toronto Condo Price Decline, and Mortgage Debt Trends
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In this episode, we begin with a welcome and introduction, setting the stage for a discussion on Ontario's population dynamics and their economic impacts. We explore the recent decline in Toronto condo prices and draw insights from the European housing model. The episode also delves into mortgage debt trends, focusing on the rise of reverse mortgag…
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In this episode, we begin with an overview of the topics to be discussed, setting the stage for an in-depth analysis of First National's earnings and the evolving mortgage regulations affecting their market strategies. We delve into the implications of recent mortgage cap and policy changes, examining their impact on the industry. The growth in Mor…
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In this episode, we explore Ontario's housing targets and the fall economic statement with insights from Minister Calandra. We discuss the Cutting Red Tape to Build More Homes Act and its impact on affordable housing. We also address the decline in pre-construction condo sales, market balance concerns, and funding challenges for developers. Insight…
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Learn how to overcome tenant challenges in Ontario. This class is Module 7 of 46 in a series called Real Estate Investing Secrets. What do you do when you experience the inevitable tenant challenges like: Tenant not paying rent Tenant’s check returned for non-sufficient funds Tenant makes late payment Tenant breaks lease Tenant provides partial pay…
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In this episode, we start with a welcome and introduction, setting the stage for an exploration of Ontario's housing market. We discuss recent projections, skepticism from opposition parties, and municipal concerns. The impact of current interest rate trends and the role of variable-rate mortgages are analyzed. Insights from the Mortgage Profession…
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In this episode, we explore OREA's proposed updates to real estate laws, including removing the auctioneer exemption and introducing mandatory disclosure. We discuss OREA's mentorship programs and new administrative penalties. TRREB's backing of property tax reforms and housing supply initiatives is examined, along with the beneficial ownership reg…
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In this episode, we begin with an introduction to today's main topic, setting the stage for an in-depth discussion. We then provide an overview of current mortgage rates and recent policy changes by the Bank of Canada. Nick L’Ecuyer offers a historical perspective on these developments and shares future predictions. The focus shifts to the Toronto …
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Episode 117: Real Estate Insolvency, Ontario Market Trends, and Housing Affordability Proposals
13:53
In this episode, we begin with a welcome and introduction before delving into the pressing issue of insolvency in the real estate market, focusing on ownership battles and financial practices. We then examine Ontario's housing market trends, discussing price fluctuations, recent bylaw changes, and government responses. The conversation shifts to po…
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In this episode, we begin with an introduction and overview of the topics to be covered. We delve into a BMO report discussing real estate prices, recent changes in immigration policy, and economic forecasts. The conversation then shifts to the implications of the Bank of Canada's significant rate cut, alongside RBC's warning regarding unemployment…
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