67. Changes in the Real Estate Market - Discussion with Asif Khan

TR Talks Toronto Real Estate

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In this episode of TR Talks Toronto Real Estate, Rajiv Rajpal brings in a special guest, Asif Khan, Broker and Owner of Re/Max Prime Properties and Real Estate Radio Host of York Region FM 105.9 " On the Market". Rajiv and Asif discuss the recent changes in the real estate market including the recent BOC interest rate cut, recap of previous unforeseen world events and its impacts, and updates with real estate regulations.
They emphasize the importance of understanding market trends and working with professionals to make informed decisions. The conversation also touches on the need for housing affordability and new construction. Overall, their conversation provides insights and advice for both buyers and sellers in the current market.
They emphasize the importance of trusting your realtor and not getting caught up in bidding wars or paying more than a house is worth. They also discuss the current trend of increasing mortgage rates and the potential impact on the market. They highlight the new 10-day cooling off period for freehold homes and the elimination of notices of security interest, providing more protection for buyers. They conclude by expressing relief for the market and encouraging listeners to share the podcast.
Keywords: real estate market, COVID-19, interest rates, inflation, housing affordability, new construction, market trends, informed decisions, buyers, sellers, real estate, advice, buyers, sellers, trust, bidding wars, mortgage rates, cooling off period, notices of security interest

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