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In this podcast episode, Alex McFadyen, from Flow Mortgage Co., delves into the imminent crisis in the real estate market, popularly termed as the 'renewal crisis' or 'renewal wall.' He discusses the recent OSFI report and its implications for borrowers, investors, and the housing market. The conversation covers the different types of mortgages, potential impacts of higher renewal payments, and strategies for managing loans during this critical period. Alex provides insights on refinancing, extending amortization schedules, and the impact of variable mortgage rates. He also addresses common misconceptions and offers actionable advice for those approaching mortgage renewals. The episode aims to equip listeners with the knowledge and tools to navigate the challenges posed by the impending renewal surge.
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If you’re coming up for mortgage renewal and you’re concerned, worried, or just want to see what other options are out there. Do not hesitate to get in touch with us at Flow Mortgage Co. through the website link below, our services generally come at no cost to you so it never hurts to have a discussion.
Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.
Alex’s Social Media: @themortgagepug
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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Today’s episode of the Flow, Alex takes us on a deep analysis of the current Canadian real estate market, focusing specifically on CMHC's Mortgage Consumer Trends report for 2024. It discusses how the market environment, including government rule changes and tax guidelines, is influencing potential homebuyers and investors, and shares valuable statistics that could surprise many, from realtors to general consumers. Highlighting a shift in sentiment among homebuyers towards pessimism about their purchasing potential, the discussion delves into common sentiments of inaccessibility within the housing market, while effectively debunking myths and emphasizing the importance of mindset, planning, and strategy in overcoming these challenges. The script also offers commentary on a variety of relevant topics, such as the advantages of longer amortization periods, the rising trend of online mortgage shopping, the significance of gifts for down payments, and current fears of interest rate increases. Additionally, it addresses how misinformation and a lack of clear financial strategies are costly for many in the market, providing listeners with a clearer understanding of how to navigate these complex issues. The episode aims to educate and inform listeners, encouraging better financial decisions in real estate investments.
Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.
Alex’s Social Media: @themortgagepug
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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Saknas det avsnitt?
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Does the government want to kill housing rentals? With so many powers given to Canadian tenants in recent years, the sustainability to be a landlord has been called into question. In this compelling episode, Alex McFadyen dives deep into the tumultuous landscape of Canadian real estate investing, painting a vivid picture of the challenges and shifts faced by investors in recent years. The discussion zeroes in on the array of government policies introduced to cool down the market and address housing affordability, including provincial speculation taxes, federal flipping regulations, and stringent rent control measures. Amidst an atmosphere of growing negativity towards investors, fueled by both political rhetoric and public sentiment, we explore the implications of these changes for current and prospective investors. Drawing on firsthand insights and a critical analysis of the market response, this episode not only unpacks the hurdles but also highlights potential opportunities lurking in the shadows for savvy investors. For anyone wondering whether Canadian real estate still offers a viable investment avenue, this episode promises to shed light on the complexities of investing in a rapidly evolving landscape.
Alex McFadyen is a seasoned independent mortgage broker with over 11 years of experience in the industry. Alex is the owner and Mortgage Advisor of Flow Mortgage Co.
Alex’s Social Media: @themortgagepug
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this podcast episode, Alex welcomes guest Austin Carroll to discuss his journey from a professional hockey career to his success in private equity real estate. Austin shares how he transitioned from playing hockey, including being drafted by the Calgary Flames and playing overseas, to investing in real estate while still an active athlete. The discussion delves into the intricacies of private equity real estate, debunking myths and explaining how it offers opportunities for investors of various income levels to participate in large-scale projects. Austin and the host explore the current real estate market, noting challenges like supply issues and the impact of governmental policies on development. Additionally, they touch on personal investment strategies, emphasizing the importance of diversification and understanding one's risk tolerance. The episode concludes with insights into future market predictions and the potential for growth across Canada and the U.S., underlining the educational efforts of Austin's firm to make private equity more accessible to average investors.
Austin is a Dealing Representative with Integrated Equities.
Make sure to check out Integrated Equities at their website: integratedequities.comYou can also find them on YouTube: @IntegratedEquitiesYou can find Austin on Instagram: @austincarroll
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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This episode of The Flow is a conversation Alex had with James “Jamie” Garbutt, a licensed realtor and co-owner of Steel & Oak Brewing Co. Alex and Jamie talk about the current state of the real estate market in British Columbia, focusing on investment opportunities, changes in zoning laws, and the impact of recent governmental tax changes on real estate investors. Jamie shares his journey from investing in one-bedroom condos to exploring presale options and the strategy of buying single-family homes with potential for increased density under new zoning laws. The discussion covers the attractiveness of presale condos due to predicted lower interest rates in the future, the impact of new capital gains tax changes, and the potential for multi-unit zoning as an unprecedented opportunity for investors. Additionally, Jamie emphasizes the importance of investing in locations one is willing to visit and considers how interprovincial migration and lifestyle preferences influence real estate decisions. The episode encapsulates the complexities of investing in today’s volatile market while highlighting opportunities amidst challenges.
James is a co-owner of the "Garbutt & Dumas Real Estate Team" in Metro Vancouver. Aside from being a top tier Realtor, James is a co-founder of Steel & Oak Brewing Company in New Westminster, B.C. AND co-host of the “Selling Vancouver Podcast” which you can find on your podcast platform of choice.
James’ Instagram: @jamesgarbutt
The Garbutt & Dumas Real Estate Team Instagram: @gdrealestateteam
Garbutt & Dumas Website: www.garbuttdumas.ca
Steel & Oak’s Instagram: @steelandoakSteel & Oak’s Website: steelandoak.ca
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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This episode of The Flow delves into the implications of the newly announced 2024 Federal budget by the Canadian Liberal Government, particularly focusing on the real estate market. It highlights major changes, including an increase in capital gains tax from 50% to 66.7% for certain real estate investments, potentially affecting personal investments, property owners, and the real estate business broadly. The podcast emphasizes the government's approach to taxing wealthier individuals more heavily, its possible repercussions on foreign investment, the cost of capital, and overall investment returns. Additionally, the show explores the introduction of refinancing options and insurance regulation changes, discussing the overall impact of these fiscal measures on mortgage rates, the housing market's competitiveness, and investment strategies. Alex, mortgage advisor and owner of Flow Mortgage Co., provides insights on current trends, offers advice on navigating the changing landscape, and stresses the importance of professional guidance in making informed financial and real estate decisions.
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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Alex delves into the recent developments in the real estate market and the economic landscape from the past week.Alex first focuses on the Bank of Canada's decision to hold interest rates at 5% and the anticipation of potential rate cuts in June. It discusses the significance of the central bank's inflation projections and the differing economic situations between Canada and the United States. The episode also critically examines the Liberal federal government's budget initiatives aimed at assisting first-time homebuyers, specifically the reintroduction of insured 30-year amortized mortgages for new constructions, and the increase of the RRSP home buyers plan limit. Additionally, it touches upon other government proposals to encourage new home construction and improve mortgage processes. Throughout the episode, Alex provides insights on the implications of these developments for real estate buyers, investors, and the market overall, while inviting listener engagement and commentary.
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this episode, Matt Scalena, co-host of the Vancouver Real Estate Podcast (VREP), joined Alex to discuss the changing dynamics of the Vancouver real estate market and the evolution of VREP. Starting their podcast adventure in early 2016, Matt and his brother, Adam, have produced over 400 episodes, focusing on various aspects of real estate in Metro Vancouver. Throughout their journey, they've engaged with numerous guests, leveraging their expertise to better understand the market and strategically advising both investors and homeowners. Despite multiple market challenges, including policy changes and interest rate hikes, Matt remains optimistic about the Vancouver real estate market, attributing his confidence to the basic supply-demand dynamics that continue to favor property investment in the region. Moreover, he reflects on the potential shift towards a nation of renters, especially within metro areas, due to affordability issues and the lack of supply. Matt's insights depict an insider's look into the complexities of real estate investing in Vancouver, underlining the importance of knowledge, adaptability, and resilience in the face of a continually evolving market.
Checkout the Vancouver Real Estate Podcast (VREP) wherever you find your podcasts.
Matt’s Instagram: @matt_scalena
Vancouver Real Estate Podcast (VREP): @vancouverrealestatepodcast
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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This episode delves into the recent surge in mortgage, real estate, and home buying regulations, specifically focusing on the introduction of new rules by OSFI (Office of the Superintendent of Financial Institutions) regarding loan-to-income (LTI) ratios, anticipated to come into effect by spring of 2025. Host Alex McFadyen, an independent mortgage broker, elaborates on the implications these changes could have on individuals aiming to buy a home, refinance, or maintain their property in Canada. Furthermore, the episode explores the current challenges in Canada's real estate market, including supply and demand issues and the difficulties in increasing housing starts compared to previous years. Alex also provides insights into how these rules might impact different lenders, the discrepancies in qualification requirements, and the overall future landscape of real estate investing and home buying in high-cost markets.
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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Today’s episode features a conversation Alex had with Cory Wright. Wright is a seasoned veteran in the commercial real estate industry and founder and Managing Director of William Wright Commercial. Alex and Cory engage in a detailed discussion about the intricacies of commercial real estate. Corey addresses the increasing interest and queries regarding commercial real estate investments in the last 12 to 24 months. He emphasizes the benefits of commercial over residential real estate, particularly highlighting the advantages of triple net leases and the opportunities in value-add properties. Corey shares his insights on transitioning from the hospitality industry to commercial real estate and the founding of William Wright Commercial. He details the strategies for expanding and operating across various markets in British Columbia, emphasizing the importance of having a local presence in each market. The conversation also touches on investment strategies, the significance of market understanding, cap rates, and the potential of secondary markets like Nanaimo, Kelowna, and even Calgary, for commercial real estate investments. Corey encourages engaging with commercial brokers to navigate investments and emphasizes the role of real estate in building generational wealth through tangible assets.
William Wright’s Instagram: @williamwrightrealestate
William Wright’s Website: https://www.williamwright.ca/
Make sure to check out Cory’s Podcast, the “Vancouver Commercial Real Estate Podcast” https://www.williamwright.ca/podcast/
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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Today's episode of The Flow features a conversation between Alex McFadyen and Eddie Lack. Eddie Lack is a former NHL goaltender playing for teams such as the Vancouver Canucks, Calgary Flames, and New Jersey Devils. Lack also won gold with Team Sweden in the IIHF 2017 World Championship. Lack is now a real estate agent based in Scottsdale, Arizona. They discuss transitioning from professional sports to careers beyond, focusing particularly on real estate investment and development. Eddie shares insights from his past as a hockey player to his current endeavors in real estate, emphasizing the importance of evolving, learning, and maintaining humility. They discuss the differences in team sizes between hockey and football, the journey of developing a new career path, and starting a podcast, 'Game to Gain', interviewing former athletes now involved in real estate. The conversation also touches on the mentality towards money, the lessons learned from property flipping, the challenges of pre-selling properties, and the importance of balancing work with personal happiness. Additionally, they comment on the changing real estate landscape, the influx of Canadians investing in American real estate, and the values of listening, learning, and evolving to achieve success in life beyond sports.
Eddie’s Instagram: @eddielack31
Eddie’s Website: https://www.eddielack.com/
Stay Tuned for Eddie’s “Game to Gain” podcast, coming soon!
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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The Bank of Canada has maintained its rates, aligning with widespread expectations. However, the real estate market has witnessed some interesting dynamics in recent weeks and months in anticipation for rates to fall. Join your host, Alex McFadyen, as he discusses this announcement with Matt Scalena, co-host of the Vancouver Real Estate Podcast, highlighting the potential future ups and downs in the market. The hosts speculate that the housing supply issue might continue to inflame the market even if rates drop. The Bank of Canada, in alignment with its US counterpart, has hinted at a slow decline in rates upon hitting a 2% target for Canada's core inflation. This discussion suggests a heightening real estate market activity in the spring, and it purports that market conditions have surpassed the lowest point.
Matt’s Instagram: @matt_scalena
Vancouver Real Estate Podcast (VREP): @vancouverrealestatepodcast
Checkout the Vancouver Real Estate Podcast wherever you listen to podcasts: https://www.vancouverrealestatepodcast.com/
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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This podcast episode features a conversation between Alex McFadyen (your host), and Neel Dhingra, a business expert focusing on educating people about money and mindset through creating valuable content. Neel is the founder of Forward Academy. He discusses his journey, his growth in terms of business, how he became a media coaching expert, and his investment approach. He details how attending conferences and networking led to valuable learning and new opportunities. The podcast covers topics like the importance of investing in self-development, the impact of social media videos in communication and business growth, learning from real estate investments, and the significance of having confidence in personal skills when taking financial risks.
Neel’s Instagram: @neelhome
Forward Academy’s Instagram: @forward.usa
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In today's episode of The Flow, Alex McFadyen discusses the impact of the changes brought by the BC NDP's 2024 Budget, specifically its impact on the B.C. Real Estate Market. It sheds light on the introduction of the anti-flipping tax and changes to the property transfer tax. Alex praises the property transfer tax exemption for first time buyers and new build properties but criticizes the anti-flipping tax. Being involved in the day-to-day of the real estate market, Alex views the anti-flipping tax as a political move by Premier David Eby (especially considering 2024 is an election year), doubting its effectiveness in making housing more affordable. In conclusion, Alex believes these changes could increase rental rates and negatively affect the supply of real estate.
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this episode, Alex is speaking with Rob Bailey, a Real Estate Agent in Puerto Vallarta, Mexico, who recently made the transition from Canada to Mexico. Rob discusses his journey, the real estate market in Mexico, how it differs from Canada, and the financing opportunities. A significant part of the conversation focuses on the tangible and emotional aspects of making such a move. He also touches on the different types of real estate investments available, and the relative appeal of Mexico's real estate market.
Rob’s Instagram: @robbailey_vallartarealestate
Rob’s Website: robbailey.kw.com
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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This episode is a conversation between your host, Alex McFadyen, and Denny Dumas, a seasoned realtor in Greater Vancouver, specializing in New Westminster and the Tri-Cities. Denny shares insights from his 10 years in real estate, assessing trends observed in the industry, mistakes he has made in real estate investing, and his predictions for the market's future. Operating in an era marked by skyrocketing interest rates, significant dips in sales volumes, and uncertainties in the Bank of Canada's monetary policy, Denny offers a measured approach by advocating for personal situation-informed decision-making in real estate investment. Despite these challenges, Denny views real estate as a robust long-term investment and commends increasing consumer interest.
Denny is a co-owner of the "Garbutt & Dumas Real Estate Team" in Metro Vancouver. Aside from being a top tier Realtor, Denny is the host of three podcasts: Selling Vancouver Real Estate Podcast, the Denny Dumas Podcast, and The Seahawks Social Podcast. Look out for those wherever you listen to podcasts.
Denny’s Instagram: @denny.dumas
The Garbutt & Dumas Real Estate Team Instagram: @gdrealestateteam
Garbutt & Dumas Website: www.garbuttdumas.ca
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this episode, your host Alex McFadyen, brings on Deana Steele to discuss the impact of recent policy changes on short term rentals (e.g.: AirBnb, VRBO, etc.) in British Columbia. The discussion largely centers around how the ban on short term rentals impact Kelowna, BC. The changes, set by both provincial regulations and local zoning laws, are primarily aimed at addressing affordable housing issues, but have left many investors and property owners in a difficult situation. With short term rentals essentially removed from all zones, only current license holders can continue their operations. Deana provides insights into the possible directions operators can take, including transitioning into midterm rentals or stable long-term leases.
Find our previous episode with Deana here: https://podcasters.spotify.com/pod/show/the-flow-show-real-estate/episodes/Impacts-of-BCs-Crackdown-on-Short-Term-Rentals--feat--Amanda-Van-Der-Lee--Deana-Steele-E03-e2b0q0u
This episode features Deana Steele, founder of Keys to Kelowna Properties.
While Kelowna is renowned for its world-class amenities, there’s few world-class accommodations that lend itself to them. Deana Steele is here to change that.
Keys to Kelowna is Deana's opportunity to share the beauty of her city and one-of-a-kind luxury real estate rentals with the world.
As a driven entrepreneur, she's always been able to see new opportunities and build sustainable businesses. With the personal success of her property online, Keys to Kelowna started naturally in 2013. She attracted the attention of Airbnb, who pursued her to help remote real estate investors by managing their properties in their absence.
Today, she focuses on hand-selecting inspiring clients, impressive properties and confirming VIP guests, while her team carefully takes care of day-to-day tasks.
Deana's Website: https://www.keystokelowna.com
Deana's Instagram: @keystokelowna
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this episode of The Flow: Real Estate & Money Show, Alex McFadyen, your host, discusses the Bank of Canada's (BOC) decision to maintain the overnight rate at 5% in January 2024, and essentially removing rate hikes from its immediate plans. Alex interprets and walks through the BOC's confidence in inflation returning to normal, and speculates about future reductions in interest rates influenced by several factors including the housing market, economic indicators (domestic and abroad), and immigration. Alex also highlights the impact of U.S economic activities on Canada's economic decisions. Differences between adjusting short-term and long-term mortgage rates, and potential penalties for early mortgage termination were also touched on. Alex emphasizes the need for personal financial strategy and planning, especially as we approach recessionary times.
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this episode, Alex McFadyen brings on Michael “Mike” Ponte, an experienced real estate investor and educator. Mike discusses the current trends and potential opportunities in the real estate market in Canada. He emphasizes the importance of understanding numbers and making informed decisions based on current market conditions and what YOU can handle. The conversation particularly focuses on the impact of increased interest rates on property investments as well as what investing looks like for larger multi-family properties. Mike suggests possibilities such as partnering with other investors, buying properties at a discounted price in challenging times, and why investing in multifamily and land development can be beneficial. The episode also touches on the importance of forward-thinking and planning for worst-case scenarios.
Find Michael Pointe on Instagram: @savvy_investors
Checkout Michael’s Website here: https://thesavvyinvestor.ca/
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Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
For daily insights, make sure to find us on Instagram, Facebook, and YouTube: @flowmortgageco
Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
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In this episode, Alex welcomes back Kenny Simpson, a prolific Mortgage Advisor and Real Estate Investor based in San Diego, California. This is actually an interview Alex did on Kenny's Podcast, "Get In The Cashflow Game". Be sure to checkout Kenny's podcast below: https://getinthecashflowgame.com/
Alex discusses the differences between the US and Canadian Real Estate markets, including how advances in mortgage rates have affected the Canadian market. Alex provides insight into the current housing market in Canada which has become a buyer's market with high rates causing financial stress for homeowners. He also unveils the high immigration rate's impact on the market, driving up rental rates due to increased demand and limited supply. He ends by underlining some investment opportunities such as purchasing land or single-family homes and points out the potential challenges for American citizens interested in buying property in Canada.
Kenny and his wife, Krystal, have funded over 3 billion in loans, own over 46 units and generate 300,000 annually in cash flow. Check out Kenny & Krystal's Podcast "Get in the Cashflow Game with K&K" here: https://getinthecashflowgame.com/podcast/
Kenny’s been navigating the real estate market through two of the most turbulent decades for housing and loans. He’s spent 17 years of working with thousands of borrowers in the San Diego area and beyond—he’s helped fund over $3 billion in loans for his clients.Living and working on both sides of the 2008 housing crisis has given him perspective on how rapidly market conditions and mortgage programs can change. Combine that with his commitment to self development and discipline, and he has a unique insight into how to help clients reach their goals.Kenny shares his journey on how they grew a successful real estate business and achieved financial freedom through investments. They also run a top real estate podcast that focuses on teaching people in-depth insights about real estate investing. Kenny underscores the importance of education, seeking advice from experts, determination, sacrifice, and planning in real estate. He challenges listeners to think about their financial future, evaluate potential investment opportunities, and take steps towards getting in the 'game' of real estate.
Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!
https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course
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Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.
- Visa fler
