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Navigating the Shifting Ontario Real Estate Market: A Genuine Overview of What's Changing
Рет қаралды 675
🔥 With new builds catching fire...
🏡 Homes sitting on the market longer...
💰 Interest rates coupled with the stress test affecting both buyers and homeowners...
🤓 Staying informed is crucial in today's real estate market, but it's not always clear what is actually happening!
www.genuinereal...
Join me for a comprehensive overview of the evolving real estate landscape in Ontario and what changes are coming your way!
💁🏻♀️ In this episode, we'll chat about:
1. Overpaying Risks for Buyers: Understand the potential pitfalls of offering more than the appraised value and the consequences that follow.
Litigation case for an example: www.canlii.org...
2. Selling During a Market Correction: Learn from real-life experiences as Rochelle shares insights on selling a home during market shifts.
3. Interpreting Real Estate Statistics: Discover the importance of local knowledge and why you should turn to your boots-on-the-ground REALTOR® for accurate information.
4. Consumer Protections: Rochelle delves into recent changes in legislation and the push to enhance consumer experiences and transparency in real estate transactions.
Report a REALTOR® to the Real Estate Council of Ontario:
www.reco.on.ca...
5. Home Affordability Challenges: Explore the reasons behind the housing affordability crisis and the various solutions being implemented.
6. Rental Affordability Challenges: With the rental market surpassing the average person's affordability threshold, the crisis for tenants is very real. Rochelle shares comprehensive studies & the actions being taken to protect tenants.
Want to make an impact & protect affordable rentals?
Add your information to the Rental Registry!
rentalregistry...
7. What's Next in the Ontario Real Estate Market: Gain valuable insights into the future of the market and what you can expect in the coming months.
If you're considering buying or selling a home in Ontario or simply want to stay informed about the real estate industry, this video is a must-watch. Rochelle shares her expertise and knowledge to help you successfully navigate the shifting real estate market.
Rochelle Edwards
Broker & Board of Director for RAHB
📧 Hello@GenuineRealtor.com
www.GenuineRealtor.com
S. Todd Real Estate Ltd., Brokerage
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0:00 - Intro
0:36 - Pitfalls in a Shifting Market
0:53 - Risks When Overpaying for a Home
1:14 - Breaching Your Contract
1:44 - When a Seller Sues for Damages
2:00 - REALTOR® You Can Trust
2:14 - Sellers Beware
2:39 - Selling Risks
3:14 - Falling Market Strategies
4:00 - Genuine Extra Mile for Clients
4:31 - Skewed Statistics
5:33 - Protections for Consumers
6:30 - New Laws Passed - Trust In Real Estate Services Act
6:56 - Transparency: Consumer Information Guide from RECO
7:21 - Transparency: Open Offer Process
7:33 - REALTOR® Code of Ethics Reform
7:39 - Discipline for Bad Acting REALTORS®
7:50 - File A Complaint Against Ontario REALTOR®
8:00 - Working With A REALTOR® You Trust
8:11 - Home Affordability in Ontario
8:58 - Ontario Housing Affordability Task Force
9:18 - Red Tape for Zoning, Permits & Bylaws
9:38 - Alternative Housing: Tiny Homes, Granny Suite, etc.
9:52 - Expenses & Taxes on New Builds
10:30 - Shortage of Trades to Build Homes
10:48 - Building Homes Faster Fund
11:16 - Short Term Rentals: Airbnb, Vrbo
11:37 - Student Housing
11:49 - Rental Housing Study
12:32 - Protect Rental Affordability: Rental Registry
12:42 - Recession Fallout in Ontario Real Estate Market
13:13 - Let's Connect!
@JanH1052 10 ай бұрын
Brava, Rochelle! Well done!!
@TheGenuineRealtors 10 ай бұрын
Thanks so much for taking the time to watch Hank! Hope you're doing well 😊🙏
@allenfletcher1180 10 ай бұрын
I really appreciate the update. Sounds like a lot of issues all at once! Thankfully you helped us find our family home before this all started, but I worry about my kids. Thank you for giving so much of your time to help homeowners and for keeping us updated. Your insights seem to be more first hand vs other agents I've met locally who repeat what they hear from the news. Your genuine 😉 and honest opinion is one of the reasons we chose you as our agent years ago! Keep being your amazing self!
@TheGenuineRealtors 10 ай бұрын
Thank you so much for the continued support, taking the time to watch & engage means a lot 😊 We'll keep representing our clients & homeowners to hopefully ensure our kids can afford a home of their own one day! We can also chat about options to help them in the future -- I'll send you an email with some information 📧
@fernandoabreu2507 10 ай бұрын
Yes good job amazing. Thank you
@TheGenuineRealtors 10 ай бұрын
Thanks so much for watching!
@ryancolenutt3478 10 ай бұрын
Wow! Some interesting things are coming. The offer transparency would be awesome 👌
@TheGenuineRealtors 10 ай бұрын
Yes! The Seller will be the one deciding if they want to be open & transparent or not (it's not mandated by law), but the Buyer's privacy will always be protected. It's going to be interesting to see who decides to opt for transparency!
@saraalidadi2276 10 ай бұрын
Great information and thank you for sharing it. I had a few questions regarding buying property 6 months ago, but didn’t get an answer yet. Would be great to get in touch if possible 👍🏻
@TheGenuineRealtors 10 ай бұрын
Hi there! Thanks so much for watching & for reaching out! My apologies we haven't connected yet - we've had some staff turnover & I'm wondering what happened as I can't seem to find an email from you to reply to 😥 Would you please send an email to Hello@GenuineRealtor.com & I will personally keep an eye out for it!
@ONTARIOREALTORS 9 ай бұрын
Great update. I'm guessing you left the ORWP out on purpose?
@TheGenuineRealtors 9 ай бұрын
Yes, it was intentionally not mentioned as the #ORWP is for Realtor members, whereas my channel is geared towards the public who are not affected by it 👍 I’m glad it’s on your radar though!
@ONTARIOREALTORS 9 ай бұрын
@@TheGenuineRealtors Of course it's on my radar. It should be on EVERY REALTORS radar. You should do a video about it.
@TheGenuineRealtors 9 ай бұрын
@@ONTARIOREALTORS Maybe I'll do something on my socials, but again this is very much client-facing content so it doesn't fit the audience I'm growing here.
@RosesAndLilacs57 10 ай бұрын
Hello Rochelle. I appreciate your approach to sharing what's happening in the real estate market. I want to downsize and my son sent me your video. Is now a good time to sell? I do not need to move but am looking at not having so much to maintain in the coming years. I am not sure where the description is but I wrote down your email from the video. Is this the best way to communicate?
@TheGenuineRealtors 10 ай бұрын
Hello 👋 Thanks for watching & taking the time to comment! I'm so glad your son passed along the video. The market is shifting & a "good time to sell" will depend on a lot of factors - ie. how long you would like to stay in your home or if you're ready to downsize now, how much money you would need to get through retirement/considering moving to a condo so it's less maintenance but your equity is still growing (it's a great time to buy a condo right now due to increased inventory), etc. I would love to schedule a visit with you to chat about where you are at, what your goals are & how we can help you get there! I have shared with multiple people this year already that it's not the best time for them to sell for various reasons, so please know I will not try to pressure you to sell, but rather listen to your situation & help offer options/advise you on what each path would look like. That way, you're making the right decision for you! You can feel free to email me or call 😊 Hello@GenuineRealtor.com 905-639-3300 ext 3 Looking forward to connecting with you 🙂
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