The Toronto Real Estate Podcast | Stories, Lifesty 1l3e

As we wrap up 2024, Kori Marin & Ralph Fox dive into the latest and greatest Toronto Real Estate market statistics & trends - how has the year unfolded for detached homes, semis, and condos in downtown & central Toronto? From some big highs and some stressful lows to emerging patterns, this episode is your ultimate guide to understanding where the market stands today and what to expect as we move into 2025. Key Highlights: ➡️ November 2024 numbers and 10-year trends ➡️ Detached Home Prices: Have we reached the bottom? ➡️ Semi-Detached Homes: The competitive entry-point market! ➡️ Condos: Inventory pressures & surprising price resilience ➡️ What months of inventory and days on the market reveal? ➡️ Predictions for 2025 in a shifting economic climate ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

Fox Marin as we reflect on an unprecedented year in Toronto Real Estate! In this candid roundtable discussion, the senior sales team Jessica Spillas, Reuben Labovitz, Ian Busher, Samantha Marasco, and Jerome Werniuk share their personal and professional insights; client wins, and lessons learned from navigating one of the most unpredictable markets in decades! Ugh, what a year, my friends! What You’ll Learn: Why 2024 was dubbed the "Year of Hard Conversations." How FM agents tackled buyer-seller disconnects in a tricky market. The surprising trends that defined the year. Client success stories that highlight the power of teamwork and adaptability. Predictions & preparations for 2025. From navigating challenging sales to landing dream properties against the odds, this episode dives into the challenges and triumphs of one hell of a tumultuous real estate year. Whether you're a buyer, seller, or simply interested in market trends, this conversation is packed with valuable takeaways for anyone curious about Toronto’s Real Estate market! ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin) Jessica Spillas (Brkoer and VP of Sales at Fox Marin) Reuben Labovitz (Broker at Fox Marin) Samantha Marasco (Sales Representative at Fox Marin) Ian Busher (Broker and VP of Sales at Fox Marin) Jerome Werniuk (Sales Representative at Fox Marin)

Ralph Fox, Broker of Record and Co-Founder of Fox Marin Associates, as he explores the Bank of Canada's latest jumbo rate cut and its ripple effects on the economy and Toronto's Real Estate market. This episode features special guest Jason Friesen, Managing Partner at Outline Financial, to help unpack the implications of rate cuts, mixed economic signals, & what these changes mean for homebuyers, investors, and the rental market. 📩 We Want to Hear From You What are your thoughts on the Bank of Canada’s rate cuts? Drop your comments below—your matters! KEY TAKEAWAYS: Bank of Canada’s Decision: A 50 basis point rate cut marks the fifth consecutive reduction, aiming to revive the sluggish economy. Economic Reality Check: Mixed messaging from officials versus ground-level observations about job creation, unemployment, and recession fears. Real Estate Impact: Mortgage cost reductions ease financial burdens for some, but affordability challenges persist for others. Fixed vs. Variable Mortgages: Pros & cons of both options in a shifting market. Market Trends: Renewed interest in pre-approvals and buyer activity, particularly in Toronto’s housing market. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Jason Friesen (Managing Partner at Outline Financial)

In this episode of the Toronto Real Estate Podcast, Ralph and Kori of Fox Marin explore Toronto’s Top 3 Up-and-Coming Neighborhoods for 2025. Whether you're an investor, a first-time buyer, or looking to transition into a freehold home from a condo, this guide provides invaluable insights into high-potential areas offering value, accessibility, and long-term growth. From transit developments to affordable detached home options, Ralph and Kori break down the data, discuss key factors, and share real-life examples of properties that exemplify the opportunities in these three trending communities. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

Are we witnessing a once-in-a-decade opportunity in Toronto’s real estate market? In this episode of the Toronto Real Estate Podcast, Ralph Fox, co-founder and Broker of Record at Fox Marin Associates, sits down with Steve Keyzer, Executive Vice President at Colliers, to discuss the state of the market. Steve provides insights into the current residential land market, the slowdown in pre-construction sales, and how developers navigate frozen pipelines, rising interest rates, and tight margins. The discussion also explores:  Key Trends: Why land prices have dropped by over 50% since 2022. Opportunities for Buyers: Why now could be the best time to buy in Toronto’s condo market. The Future of Development: Predictions for condo prices, land values, and housing inventory through 2030. Policy & Partnerships: How government incentives and public-private partnerships could reshape Toronto’s housing landscape. Whether you're a first-time buyer, real estate investor, or simply interested in market trends, this episode offers crucial insights into navigating today's complex real estate climate. As Steve Keyzer emphasizes, “Be greedy when others are fearful.”  Don’t miss this chance to understand what’s happening behind the scenes in Toronto’s housing market. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Steve Keyzer (Executive Vice President at Colliers)

Last week, we dove deep into the WTF is happening in the condo market—this week, we’re flipping the script to focus on Toronto’s FREEHOLD market! 🏡 From detached homes to semi-detached and row houses, we’re uncovering what’s really happening in the 416 real estate scene. With accurate, boots-on-the-ground insights and data directly from TRREB MLS, we’re cutting through the noise to help you make informed decisions. Ralph Fox and Kori Marin as they discuss Toronto's freehold market: 🔍 Analyze sales, inventory, and pricing trends over the last decade 📊 Discuss new government lending rules and their impact 💡 Explore possible opportunities in the semi-detached and row house markets 🛠️ Break down supply and demand with practical, data-driven insights Whether you’re a buyer, seller, or simply a real estate enthusiast from the sidelines, this episode is packed full of punch. Quick and to the point! ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

us as we explore the latest trends shaping the Toronto condo market. This conversation highlights the significant shifts in sales activity, inventory dynamics, and rental trends, offering valuable insights for owners, investors and potential purchasers! The Toronto condo market has shifted, with October sales increasing by 32% year-over-year. Despite economic pressures, condo prices are steady, showing resilience amid changing market conditions. However, with a decline in new pre-construction sales, we might face future supply issues, making it essential to understand these trends if you're in the market for a condo now or planning to invest in the future! ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

In this episode, Ralph Fox & Kori Marin bring you the latest on the Toronto Real Estate Market for October. They dive into the key market shifts, from recent interest rate announcements creating a sense of stability to the impressive sales volume increase across home types. The condo market is showing resilience, and the absorption rate is moving the market closer to favoring sellers. Ralph & Kori also explore how new government policies might drive demand in housing and why the recent US elections could influence Canadian real estate transactions. With an eye on seasonal trends, especially as we move into the winter months, they wrap up with insightful predictions for the months ahead. ___________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

In today’s episode, Ralph Fox and Kori Marin dive into the pressing topic of financial stability and wealth management amidst today’s volatile economic landscape. With special guest Chris Karram, Managing Partner and Chief Strategist of SafeBridge Financial, we explore strategies for building wealth and preserving it through global challenges, high inflation, and shifting interest rates. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin) Chris Karram (Managing Partner at SafeBridge Private Wealth)

In this episode of the Toronto Real Estate Podcast, Ralph Fox and Jason Friesen discuss the Bank of Canada’s recent 50 basis point rate cut and its implications for homebuyers, investors, and the overall real estate market. us at Fox Marin as we explore how this move impacts borrowing costs and housing affordability and what it signals about Canada’s economy compared to the U.S. Ralph & Jason dive deep into the differences between fixed and variable mortgage rates, how new mortgage rules will shift purchasing power, and why Canadians feel the squeeze on their wallets. Plus, they share tips for navigating today’s unpredictable market, whether you’re a first-time buyer or a seasoned investor. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Jason Friesen (Mortgage Agent & Managing Partner, Outline Financial)

In this in-depth conversation, Ralph Fox and Kori Marin break down the key trends shaping the Toronto Real Estate Market in September 2024, which will set the tone for the FALL MARKET. They review crucial statistics, market dynamics, the factors influencing home sales, listings, and prices and what to expect for the remainder of 2024! them as they analyze how the market compares to previous years, discuss the impact of rising interest rates, and reveal the strategies of both sellers and buyers. With a spotlight on the condo market, rental trends, and economic uncertainty, they offer insights into the bifurcation of the market—where low-rise properties are still hot in a seller’s market, while condos lean towards a buyer’s market based on the absorption rate. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

In this insightful conversation, Ralph Fox sits down with Matt Young, founder of Republic Developments, to tackle the critical issue of housing affordability in Toronto’s Real Estate Market. They explore the significant challenges developers face, including the impact of new home taxes and other factors driving up housing costs. Matt shares his personal journey in real estate, the founding of his company, Republic Developments, and how community plays a crucial role in successful development projects. The discussion dives into the work of the Coalition Against New Home Taxes (CANTWIN.CA) and the urgent need for government action to create a favourable environment for investment and development. Tune in for their insights on potential real estate solutions, market predictions, and the current state of the condo market in Toronto. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Matt Young (Founder of Republic Developments)

In this episode of the Toronto Real Estate Podcast, Ralph Fox and Jerome Werniuk of Fox Marin discuss the bullish case for the Toronto Real Estate market in 2025. With the global economy in flux, from China's massive stimulus injections to the ripple effects in markets worldwide, they explore the critical macro and micro trends shaping the future of real estate in Toronto. The duo cover how global liquidity cycles, China's economic policy shifts, and the Bank of Canada’s interest rate cuts could impact local housing prices and inventory. With forecasts suggesting constrained supply and rising demand, Ralph and Jerome offer a grounded perspective on why Toronto's Real Estate market might experience a turnaround in 2025 despite the challenges of the past few years. Is now the time to hold onto your Toronto property? What will 2025 bring for homebuyers, investors, and sellers? Tune in for insightful discussion, market projections, and a broader look at how global events could shape Toronto real estate in the near future. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Jerome Werniuk (Sales Representative at Fox Marin)

In this episode, we dive into the SUPER EARLY trends shaping the Toronto Real Estate Market for September 2024, breaking down performance across key neighbourhoods and property types. We analyze data from the first three weeks of the month, comparing it to the same period last year, and explore how freehold properties, the luxury segment, and the condo market are faring. You'll get insights into average list prices, days on the market, and sales activity, along with broader economic factors influencing the landscape. Plus, we discuss market predictions and the growing focus on safety and buyer sentiment in today's environment. QUICK TAKEAWAYS: The Toronto real estate market is currently experiencing moderate activity. Average days on the market for properties have notably increased. Despite expectations, the fall market has yet to see a surge of new listings. First-time buyers remain active, especially in trendy neighbourhoods. The luxury market is seeing a downward price adjustment. Condo sales are down, though quality listings are still selling. Safety concerns are influencing buyer decisions in certain areas. The market remains resilient, with prices holding steady in many regions. Economic uncertainty is affecting both buyer sentiment and overall market activity. Policy changes could positively impact the low-rise market. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

In this episode, Ralph Fox, Broker of Record at Fox Marin and Jason Friesen, Partner at Outline Financial, discuss recent changes affecting the US and Canadian mortgage markets, including the Fed's decision to cut its overnight lending rate by 50 basis points and Canada's updated mortgage rules. They explore what these changes mean for first-time buyers, how the Toronto real estate market might react, and the overall shift in consumer sentiment. KEY TOPICS INCLUDE -The Fed's rate cuts and potential influence on the Bank of Canada -Canada's mortgage cap increased from $1 million to $1.5 million -More relaxed mortgage guidelines and what this means for buyers -Whether these changes will improve long-term affordability in Toronto -Predictions for increased demand and rising home prices -Opportunities for first-time buyers with lower down payment requirements us as we discuss the market's trajectory, shifting economic conditions, and what buyers should keep an eye on in the coming months! _____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Jason Friesen (Mortgage Agent & Managing Partner, Outline Financial)

In this episode of the Toronto Real Estate Podcast, Ralph Fox and Kori Marin discuss the current state of the market and break down the latest trends impacting buyers and sellers. They give you a perspective about where things stand right now! The duo analyzes critical metrics like sales volume, inventory, and prices to examine the shifting market. Here are some key takeaways: 📉 Sales volume has dropped compared to last year, while inventory has increased. 🏢 Condo prices are slightly down, but freehold houses are leading the market. 💰 Prices overall remain stable, but buyers have more opportunities to negotiate! 🏡 Sellers: It’s absolutely crucial to be strategic with pricing and marketing in this market. 🤝 Buyers: Take advantage of the increased inventory and slower pace to make informed decisions if you’re looking to purchase. Whether you're buying or selling, this episode will equip you with the insights you need to navigate Toronto’s current market conditions. Tune in now for expert advice and some Fall Market predictions! ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

This video examines the Bank of Canada's recent decision to reduce interest rates by 25 basis points—the third rate cut in a row. While this cut primarily affects variable rates and lines of credit, fixed mortgage rates have already adjusted and are now in the fours, a notable drop from earlier this year. Managing Partner & Mortgage Agent Jason Friesen of Outline Financial and Broker of Record at Fox Marin, Ralph Fox, discuss the implications of these rate cuts on housing affordability and market sentiment while also addressing the lingering concerns surrounding job security, the economy, and how weakness in the US economy could influence future rate cuts here in Canada. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Jason Friesen (Mortgage Agent & Managing Partner, Outline Financial)

This conversation discusses the current state of the Toronto Real Estate Market, specifically focusing on the condo segment. The hosts analyze data on active listings and average condo prices over the past five years, highlighting the increase in condo supply on the market. They also explore the factors contributing to the resilience of condo prices, such as stress testing for buyers and the absence of forced sellers. The conversation further jumps into the breakdown of condo inventory by unit type, including studios, one-bedroom, and one-plus-dens. The hosts provide case studies to illustrate the selling potential of different condo categories. They also analyze the inventory and average prices of two-bedroom condos, highlighting this category's surprising inventor levels. They discuss the impact of larger units on investors and the potential for a course correction in prices. Ralph then shifts the conversation to the market's future, discussing the potential for interest rate cuts and the softening of the economy. He explains the relationship between fixed and variable mortgage rates and the impact of inflation on affordability. Ralph also discusses the decline in new home sales and the future inventory shortage. He emphasizes the importance of holding onto properties and the potential for million-dollar condos in the future. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

In this insightful conversation (and likely 100% divisive with our audience), Ralph Fox and Kori Marin jump into the nuances of Toronto’s Real Estate Market, offering a comprehensive analysis grounded in a short-term historical perspective. They explore the complex interplay between interest rates and market dynamics, shedding light on how these factors have influenced prices and activity levels across different property types, including detached homes, semi-detached homes, and condos. Contrary to the fear and uncertainty often depicted in the media, Fox and Marin underscore the market's resilience, pointing to substantial price appreciation over the years as evidence of its strength. They also examine the potential for recovery in the current landscape, offering measured and conservative growth projections for each property category. Throughout the discussion, they emphasize the importance of maintaining a long-term view, advocating for property owners to hold onto their assets and weather market fluctuations as a strategy for enduring success! ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin)

This conversation delves into the significant risks and challenges that landlords in Toronto face, with a particular focus on the growing issues of rent non-payment and the severe backlog at the landlord and tenant board. The discussion highlights the widespread occurrence of rent defaults and outlines practical steps Landlords can take to manage such situations effectively. The inefficiencies and prolonged wait times at the Landlord and Tenant Board are also addressed, revealing the potential financial strain these delays can impose on Landlords. ____________________________________________________ Speakers: Ralph Fox (Co-Founder and Broker of Record at Fox Marin) Kori Marin (Co-Founder and Broker at Fox Marin) Reuben Labovitz (Broker at Fox Marin)