How to Understand the Toronto Real Estate Market, Fall 2022
In an effort to fight inflation, the Bank of Canada has hiked interest rates six times this year. Toronto home prices dropped again in September. Prices have fallen 17% from their spring peak as buyers and sellers grow weary of making deals.
In this interview, Lambros Demos, Award-winning Real Estate Broker and Best-Selling Author, picks apart what’s happening on the ground. According to Lambros, today’s market is great for making deals.
Join us for this episode about Toronto’s real estate market. We also cover how to thrive despite the downturn, how to pick the right broker, and one of the keys to success in real estate investing — referrals.
Don’t miss this!
What we learned from Lambros Demos in this episode:
- People’s misconceptions about real estate investors and brokers.
- What makes Toronto a good investment today?
- What makes real estate investing profitable over the long term.
- Lambros’ book Local Leader Referral Secrets — an ultimate guide for investors (not just real estate)
- Why there is no substitute for face-to-face networking.
- Secret exposed! Here’s what you need to know about some broker gimmicks.
- What investors should do before buying a property in a certain area.
- Mortgage Fraud: Are there really cases in Toronto?
Success Quotes:
“If you want to build relationships, it’s got to be face to face.” -Lambros Demos
“Get involved in the community somehow, be seen in the community as a local leader, be seen as someone who gives back, not with an agenda.” -Lambros Demos
Timestamp:
00:00 – Intro
00:58 – Lambros talks about a little bit about his journey through life that has led him to become a real estate broker.
02:50 – What’s the market status in Toronto? Let’s hear what Lambros has to say.
04:42 – Lambros explains why today’s market is the best time for real estate investors.
09:59 – Lambros talks about his book Local Leader Referral Secrets — an ultimate guide for investors (not just real estate).
15:02 – What do you think we should be talking about that we’re not talking about?
17:19 – How do you interview an agent to make sure that they’re right for you?
22:16 – Is the downturn in the primary real estate market affecting prices in the secondary markets?
24:06 – Mortgage Fraud: Is it really happening in Toronto?
27:46 – Ways to connect with Lambros Demos.
28:47 – Outro
Connect with Lambros Demos here:
Website: DemosRealEstate.ca
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Connect with Us:
Email: reic@clubimmobilier.ca
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Axel Monsaingeon’s Instagram
Terrie Schauer’s LinkedIn
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