“No matter what, in any market — whether it’s great or terrible — people buy and sell homes,” he says. “It’s not a traditional commodity. It’s shelter.”. The gulf between Toronto’s have and have-nots is as wide as a mortgage contract. With the median sale price for a single-detached home sitting at $1.2 million, many Torontonians will simply never be able to afford the post-Second World War suburban dream.
My grandfather was one of the founders of Re/Max in Canada, and my parents had a Re/Max franchise. I was surrounded by it for years. My first jobs were in the family brokerage, but I didn’t realize I wanted to get into it until I was in university and realized how much school I would have to keep taking to make anywhere close to the kind of money you can make as a real estate professional. I didn’t really like school very much.
There’s a lot of talk right now about the Greenbelt, creating “missing middle” housing, expanding density. They’re tough decisions. What we have to understand as a city is there is no easy way out of this. Someone’s going to have to sacrifice something. Either there will be more density, which local residents are generally opposed to, or we’ll have environmental concerns from a decision to develop the Greenbelt. We’re gonna have to make tough decisions, and someone isn’t going to be happy.
No. I think that’s a total Band-Aid solution, and politically motivated. I see that having little effect on it whatsoever.for outlying cities like Markham, Pickering, and further afield, like Halifax. Do you see any signs of that changing in the future? CIBC CEO Victor Dodig recently spoke about this problem as a time bomb — a lot of immigrants arriving in Canada just don’t have housing to accommodate them. Do you have any thoughts on how to improve that?
If there’s anything that needs to be found tumultuous is the fact we no longer need real estate agents!!
He is a liar. Most realtors make up stories. Why? Because there is no regulation for realtors. Financial advisors would go to jail if they made the same statements as a realtor. Most realtors only have high school. All the lazy people became realtors. They should be spit on
He refers to them as “bag holders” behind closed doors
Amazing, a trend makes him filthy rich and he approves of it. Shocking.
I thought the feds were supposed to implement more transparency. How about they implement capping listing % too. 5-6% to sell a commodity is ridiculous. Or remove some of their taxable benefits which contribute to climate change, and waste
Ya I'm not subscribing to that news. Looks like free advertisement for a rich man to me. Someone should tell those customers to hang around a few more months because there is more shave off of prices.