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The Show is a weekly podcast giving Canadian Home Buyers advice,information & helpful tips of what you should know about buying real estate in Canada’s hot real estate Market. #realestate #canada #mortage #ontario #cambridge
Episodes
Thursday Sep 07, 2023
Thursday Sep 07, 2023
Meet Seif El-Sahly of Newfore Inc.
Contact Saif El-Sahly at the following links:
- https://ca.linkedin.com/in/seifelsahly
- https://newfore.com
Tuesday Nov 22, 2022
Tuesday Nov 22, 2022
Hey, aside from being a real estate mortgage agent here in the city of Cambridge and Kitchener Waterloo, I also have a little podcast that I do. It's called the I Love Cambridge Show.
You can find it on Ilovecambridge.ca, or you can look it up on YouTube or iTunes or Stitcher or Facebook, wherever your social media heart desires. You can find it on there. Anyway, it's a lot of fun. We interview people, basically, that are servicing our city, our community.
I've interviewed people that have a personal concierge service. You know, like when you stay in a hotel and you can call the, the concierge for a, for anything? Well, there is an actual, actual personal service that you can do that a la carte. You can just call them and you can get their services. It's just absolutely awesome. We've interviewed people that have bake shops, that have keto bake shops.
We've interviewed, even people that have had the, you know the battling robots, you know, the battling robots on tv.
We've got a guy right here in our community that is actually, uh, that is actually built one, and he's entered into those competitions right here in Cambridge.
So, if you think that you have an idea or a service that you'd like to share with our community, then I would like to personally invite you to be a guest on our show. You can just go into the link in the bio it says, be a guest on the I Love Cambridge Show.
You just click on that. It's free of charge. And if you think that you've got an interesting story to share with our community, then please go ahead and click that link.
Let's get you on the show. I think it's gonna be a lot of fun. There's no script. Uh, we just kind of sit back, we relax.
I ask you a few questions about your service. You can share your screen if you want, or if you don't want, you can do that as well. But anyway, invite you to do that. Click on the link and let's get you on the I Love Cambridge Show.
Sunday Nov 20, 2022
Thursday Nov 17, 2022
Wednesday Nov 16, 2022
Tuesday Nov 15, 2022
Monday Nov 14, 2022
Friday Nov 11, 2022
Friday Nov 04, 2022
Friday Nov 04, 2022
Hey, look what I got, the real estate crystal ball, and I'm gonna tell you exactly what's going to happen.
Actually, I'm not gonna tell you because that's not a crystal ball.
That's a solar powered globe that I took off my front porch. Anyway, here's the thing. Nobody knows what's going on in the real estate market. I've been hearing a couple of real estate agents actually picking on each other saying, Hey, real estate agents don't know what they're talking about.
They're not economists. Well, guess what? Economists know what they're talking about. At least they should know what they're talking about. And they don't know what they're talking about. They keep changing their story. They've done it all year. They made bad predictions last year, and here we are in the mess that we're in. Okay, here's the bottom line. Prices are down in our area somewhere between 25 and 30%.
That is significant. Now, what you qualify for in terms of a monthly payment in the spring compared to now, it's probably the same if you're earning the same money, you qualify for the same payment, you do not qualify for the same mortgage amount. But the good news is as prices are down, okay, so no problem, you can get into the market for a lot less money.
That means less down payment, that means less closing costs, less land transfer tax. So why not take advantage of it?
If you don't feel comfortable acting in today's market, don't do it. Sit on the sidelines, Wait for prices to come back up.
That's totally up to you. Now, our price is done going down. I don't know, but neither does anybody else. But here's what I do know. We seem to have flatline probably since August.
There's not a whole lot of difference in values between now and August, so I have a feeling we're somewhere around the bottom.
But hey, again, I'm just the dumb real estate agent. What the heck do I know? But I do know this on boots on the ground and I know what people are doing out there.
We're still running into multiple offers. We're actually running into quite a bit of activity because the inventory is down.
The inventory is down quite a bit from July, I think we were sitting at about 370 listings in Cambridge in July, and now we're about 2 75. So it's down, let's say a hundred listings. So it's down quite a bit. Anyway, that's what's going on in the marketplace. The other thing is the US Fed is meeting tomorrow afternoon, and that should tip the hat of the Bank of Canada as to what we do here in December.
So keep an eye on that, and if you feel comfortable diving into today's crazy real estate market, give us a call, 5 1 9 2 4 0 0 3 6 0. We're here to help you. And if you need mortgage help, we're here to help you with that as well. We'll talk to you later. I hope you have a great day.
Thursday Nov 03, 2022
Thursday Nov 03, 2022
So, you know, we love private mortgages, We love doing them, but we always triage the situation to make sure that the borrower is in fact a qualified private borrower and not somebody that can actually go to a financial institution. Because if you can do that, then why would you borrow privately? Okay?
Secondly, we also make sure that you have an exit plan.
So if you've got those two criteria, then obviously we've got our own criteria, the biggest one being loan to value on the property and the type of property. But if you meet those criteria and you've been getting turned down by lending institutions or financial institutions and they don't want to quite help you out, then give us a call.
As long as the deal makes sense and there's an exit plan, then we've got a solution for you. But if it's just, you know, prolonging the inevitable, it's probably not something we can do anyway, give us a call, 5 1 9 2 4 0 0 3 6 0.
If you think you got something that, uh, would fit the mold, then by all means, I'd be happy to help you out.