Every real estate cycle has a winner. It's rarely the person waiting for the market to feel safe. In this episode of Real Estate Without The Noise, Evelyn, Ruth and Sandy sit down with David So, a licensed mortgage broker since 1989, to break down the four phases of the real estate cycle: recession, recovery, expansion and hyper supply. David explains why the GTA real estate market looks like it's moving from recession into recovery, and why the bottom never announces itself. You'll hear what the hosts are seeing on the ground right now, including multiple offers returning on well-priced homes in Toronto and the greater GTA. David also shares his why, how, when, where and what process for buying a home, how today's mortgage rules really work, and how parents are helping their kids with a down payment. Clear thinking for anyone deciding whether to buy, sell or wait.
The Real Estate Cycle: How to Spot the Recovery Before Everyone Else, with David So
Understanding the real estate cycle can help you buy, sell or refinance with more confidence and less fear.
Mortgage broker David So has watched the GTA housing market rise and fall since 1989.
He joins Evelyn, Ruth and Sandy to walk through the four phases of the cycle and the signals that show where the market is heading.
Prices in the GTA are down about 20% from the peak.
That peak came after back-to-back jumps of 18%, 28% and 31%.
David believes we're now moving into the recovery phase, where supply tightens, new building slows and smart buyers start looking for value.
The hosts agree, and they're seeing multiple offers come back on homes that are priced right.
In this episode
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Connect with Your Hosts
Evelyn Lopes | RE/MAX Realty Services Inc. | Caledon, Orangeville, Erin, Guelph and NW GTA
evelyn@evelynlopes.com | 905-965-5902
Ruth Ballantyne | RE/MAX Realty Services Inc. | Brampton and surrounding areas
ruth@ruthballantyne.ca | 416-779-8732
Sandy Casella | eXp Realty | Etobicoke, Hamilton, Burlington, Oakville and GTA West
sandy@sandycasella.com | 416-467-8627
Show contact: RealEstateWithoutTheNoise@gmail.com
About Our Guest: David So
Since 1989, David So and Canadian National Mortgage Corporation, operating as The Mortgage Centre, have helped thousands of families across Ontario's Golden Horseshoe and GTA buy, refinance, and move forward with clarity.
Contact David So
David So
Your Mortgage Broker ... for life
"Your best interests. Our tailored solution. Lasting Trust."
Canadian National Mortgage Corporation, o/a The Mortgage Centre
Licensed as Broker since 1989
Financial Services Regulatory Authority of Ontario, FSRA license #10223
301-1550 South Gateway Road, Mississauga, ON L4W 5G6
Phone/Text: (416) 410-6663, ext. 31 | (416) 410-MONEY
Email: davidso@davidso.ca | davidso@mortgagecentre.com
Web: davidso.ca
Book an appointment online: https://form.jotform.com/260956510219255
FREE Mobile Mortgage Calculator: https://www.mccapp.ca/app/mccdavid-so?lang=en