What They Don't Tell You About Toronto's Pre-Construction Market | Toronto Real Estate Podcast

Welcome to the Toronto Real Estate Podcast! In this episode, Fox Marin Associates bring on a special guest, Harley Nakelsky - President and Partner at Baker Real Estate. Join us as we dive deep into Toronto's pre-construction market, discussing current challenges such as high interest rates and extended construction timelines. We'll also explore the benefits of investing in pre-construction properties and provide insights into investor sentiment and key market trends. Don't miss out on this in-depth discussion on the opportunities and challenges in Toronto's booming pre-construction market.

Join us as we explore:

- Current challenges: high interest rates, increased development charges, extended construction timelines.
- Benefits of pre-construction: lower deposits, potential long-term appreciation.
- Investor sentiment: hesitations and long-term opportunities.
- Market trends: resale vs. pre-construction prices.
- Government policies: impact and developer strategies.

Timestamps:

0:00 - Intro
2:40 - About Baker real estate
3:45 - Pre-constructions vs resale
5:40 - How would you think about potential investors?
9:05 - Who's buying preconstruction properties?
1224 - Changes in pre-construction market
14:38 - Does resale lead in comparison to pre-construction?
17:05 - Pipeline of future condos
18:53 - Status of condos launches in downtown Toronto
21:05 - What's the developer mindset?
23:35 - Are good locations really winning in pre-constructions?
27:59 - Thoughts from investors while investing in pre-construction
30:17 - How govt. policies related to purpose build affect condo supply?
33:33 - Pricing models for condos in this competitive market
36:23 - Ways for agents to sell more
39:45 - Govt. programs for home-buyers
48:26 - How govt. Interventions affecting the real estate market?
55:25 - Why do end users not embrace pre-construction?
59:00 - Three immediate policy changes that Harley would like to make
1:02:38 - What a one-bedroom will cost in downtown Toronto in 2030?
1:02:47 - Outro

Stay updated with the latest Toronto real estate news and dive deep into the housing market with the Toronto real estate podcast. Understand the condo market in Toronto and how real estate inflation impacts it. Join us to explore the dynamics of Fox Marin Toronto Real Estate and gain expert perspectives on the Toronto condos and Canada's real estate landscape.

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