It’s time for our May ‘The Situation’ consumer Q/A segment!

Urmi once again asks John to respond to the detailed questions you send in about the real estate decisions you are making as you navigate through the Toronto area housing market.

Today, we hear from a frustrated owner of a pre-construction condo being appraised for less than what he paid for it, a second home owner who wonders if she reduce her taxes if her son lives in it and or sell it and a condo investor who worries about the impact of the capital gains tax increase.

Links for today’s show:

• John’s Video - Buying or Selling a Tenanted Property - What You Need to Know: https://youtu.be/EjyfnjFNoF8?si=0TF44eiJ-d_vsqEq

If you would like to send in your question to be considered for a future episode, please email askjohn@movesmartly.com

If you have a real estate situation you would like to discuss with John in private, please connect with John at movesmartly.com/meetjohn

Connect with Us

John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: askjohn@movesmartly.com | Twitter: @JohnPasalis

Urmi Desai, Editor, Move Smartly | Email: editor@movesmartly.com | X-Twitter: @MoveSmartly

About This Show

The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.

If you enjoy our show and find it useful, please share, subscribe and leave us a positive rating on whatever platform you are watching or listening to us from - thank you!

Watch all podcast episodes on our Move Smartly YouTube channel: https://www.youtube.com/movesmartly

In today’s episode, John talks to Murtaza Haider about rent controls in Canada and their potential impact on rental supply. Murtaza is a professor of Data Science and Real Estate Management at Toronto Metropolitan University.

In the lively chat, we discuss why Ontario has seen very little growth in rental housing even though the new rental supply is not rent controlled. We also discuss the differences in approach to rental housing between North American and European economists and governments. North Americans lean more towards a free market approach to rental housing, while Europeans have coupled adequate rental supply while maintaining policies that protect tenants.

Today's show links:

Watch this episode on our YouTube channel: https://www.youtube.com/movesmartly

Ricardo Tranjan in the Toronto Star: https://www.thestar.com/opinion/contributors/rent-controls-work-they-don-t-reduce-housing-supply-but-they-do-limit-profit/article_77ca720a-dfd5-11ee-982b-3ba3433ea220.html

Murtaza Haider in the Financial Post: https://financialpost.com/real-estate/rent-controls-hurt-rental-supply

Rent Controls, Rental Prices and Rental Supply - CMHC Summary

https://tinyurl.com/2efscwuw

Study of the Impacts of Rent Control Policies - CMHC Report

https://tinyurl.com/458svhzj

Follow Murtaza Haider on Twitter: @regionomics

Contact Us

John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: askjohn@movesmartly.com | Twitter: @JohnPasalis

Urmi Desai, Editor/Host, Move Smartly | Email: editor@movesmartly.com | X-Twitter: @MoveSmartly

About This Show

The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.

If you enjoy our show and find it useful, please subscribe and leave us a positive rating on whatever platform you are watching or listening to us from - thank you!

As they head off low polling numbers ahead of next year’s election, Canada’s governing Liberals have released a federal budget largely focussed on Canada’s housing availability and affordability crisis. Urmi and John discuss the background and efficacy of the many measures proposed including: subsuming immigration policy and targets to housing realities, an increased capital gains tax that will hit some housing investors, an extended ban on foreign buyers, and a pile of supply-side policies that is aimed at yielding a net 2 million new homes by 2031. What - if anything - will actually work?

Today’s Show Links:

The Liberal Government Federal Budget 2024: https://budget.canada.ca/2024/home-accueil-en.html

The Liberal Government’s 2024 Housing Policy “Solving the Housing Crisis: Canada’s Housing Plan”: https://www.infrastructure.gc.ca/housing-logement/housing-plan-logement-eng.html

CMHC Housing Affordability Report: https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/accelerate-supply/housing-shortages-canada-solving-affordability-crisis

John discusses the Federal Liberal Government ‘Renter Bill of Rights’: https://youtu.be/nZSipNZ6iZc?si=0hXsNGDxugrQEe6p

John discusses the Federal Government’s Extension of Mortgage Terms to 30Y for First-Time Buyers of New Builds: https://youtu.be/OersDqVRNWg?si=71Y_mZ2IUWFHKUQ0

Connect with Us:

John Pasalis, President and Broker, Realosophy Realty, Toronto | Email: askjohn@movesmartly.com | Twitter: @JohnPasalis

Urmi Desai, Editor, Move Smartly | Email: editor@movesmartly.com | X-Twitter: @MoveSmartly

About This Show

The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada.

You can also watch this and every podcast episode on our MoveSmartly YouTube channel: https://www.youtube.com/movesmartly

If you enjoy our show and find it useful, please share, subscribe and leave us a positive rating on whatever platform you are watching or listening to us from - thank you!