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 preconstruction market, discussing current challenges such as high interest rates and extended construction timelines. We'll also explore the benefits of investing in preconstruction properties and provide insights into investor sentiment and key market trends. Don't miss out on this indepth discussion on the opportunities and challenges in Toronto's booming preconstruction market.

Join us as we explore:

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

Timestamps:

0:00 Intro
2:40 About Baker real estate
3:45 Preconstructions vs resale
5:40 How would you think about potential investors?
9:05 Who's buying preconstruction properties?
1224 Changes in preconstruction market
14:38 Does resale lead in comparison to preconstruction?
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 preconstructions?
27:59 Thoughts from investors while investing in preconstruction
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 homebuyers
48:26 How govt. Interventions affecting the real estate market?
55:25 Why do end users not embrace preconstruction?
59:00 Three immediate policy changes that Harley would like to make
1:02:38 What a onebedroom 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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