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Toronto’s Housing Tomorrow: 2024 Analysis and Forecast
Manage episode 394009953 series 2820985
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There’s good reason for optimism in the Toronto real estate market. Steve Tabrizi, COO of RE/MAX Hallmark joins Des to look at the current state of the real estate market and their predictions for 2024. They discuss the impact of interest rate hikes on the market, the increase in inventory, and the potential for a rebound in the market in 2024.
They also discuss the implications of the new Trust in Real Estate Act in Ontario, which allows for open bidding, and the potential impact of a class action lawsuit in the US regarding real estate commissions.
Listen For
3:22 The Psychological Impacts of Interest Rate Changes on Both Buyers and Sellers
6:03 Future Market Predictions and Interest Rates
9:52 Analysis of the Current Market Conditions and Inventory
13:26 Opportunities in the Condominium Market and Pre-Construction Inventory
Guest: Steve Tabrizi, Broker / Owner and COO RE/MAX Hallmark Group of Companies
Steve’s website
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Recorded in Sep 2023
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