Filter by Categories
All Condos
Ask Andrew
Insights
New Condos by City
Ajax
Aurora
Barrie
Beamsville
Belleville
Bolton
Bowmanville
Bracebridge
Bradford
Brampton
Brantford
Burlington
Caledon
Calgary
Cambridge
Collingwood
Creemore
Dundalk
Georgetown
Halton Hills
Hamilton
Innisfil
Kawartha Lakes
Kingston
Kitchener
London
Markham
Thornhill
Milton
Mississauga
Cooksville
Mineola
Port Credit
Square One
Montreal
Napanee
Newmarket
Niagara Falls
Oakville
Oshawa
Ottawa
Peterborough
Pickering
Richmond Hill
Smithville
St. Catherines
Stayner
The Blue Mountains
Toronto
Amesbury
Baldwin Village
Bayview Village
Beaches
Bedford Park
Birchcliffe-Cliffside
Bloorcourt
Briar Hill
Brockton Village
Cabbagetown
Canary District
Casa Loma
Chinatown
Church & Carlton
Church & Wellesley
Church St. Corridor
Clanton Park
Corktown
Corso Italia
Danforth Village
Davenport
Davisville Village
Distillery District
Don Mills
Downsview
Downtown
East Junction
East York
Eglinton East
Eglinton West
Entertainment District
Eringate
Etobicoke
Fallingbrook
Fashion District
Financial District
Flemingdon Park
Forest Hill
Garden District
Greektown
Harbourfront
High Park
Hoggs Hollow
Junction Triangle
Kensington Market
King East
King West
Lansing
Leaside
Leslieville
Liberty Village
Little Italy
Little Portugal
Long Branch
Mimico
Moss Park
Mount Pleasant Village
Newtonbrook
Niagara
North York
Oakridge
Old Town
Ottawa
Parkdale
Regent Park
River District
Rosedale
Rustic
Scarborough
St. Clair West
St. James Town
St. Lawrence
Stockyards
Summerhill
Swansea
Tam O'Shanter-Sullivan
The Annex
The Junction
The Kingsway
The Queensway
Trinity Bellwoods
Victoria Park Village
Wallace Emerson
Waterfront
West Rouge
Weston
Willowdale
Yonge & Bloor
Yonge and College
Yonge and Dundas
Yonge and Eglinton
Yonge and Finch
Yonge and Lawrence
Yonge and Richmond
Yonge and Sheppard
Yonge and St. Clair
York Mills
Yorkdale
Yorkville
Uxbridge
Vaughan
Maple
Thornhill
Woodbridge
Waterloo
Welland
Whitby
Whitechurch-Stouffville
New Condos by Deposit
10% Before Occupancy
15% Before Occupany
20% Before Occupancy
5% Before Occupancy
New Condos by Developer
16th Avenue Development
Ace Development Ltd
Acorn Developments
Addington Developments
Adi Development Group
Allegra Homes
Alterra Developments
Altree Developments
Amacon
Amalfi Homes
Amexon Development
AMICO
Andrin Homes
Angil Development
Aoyuan International
Aragon Properties Ltd
Armour Heights Developments
Artlife Developments
Arya Corporation
Ashcroft Homes
Aspen Ridge Homes
Baif
Balder Corporation
Ballymore Homes
Bazis Inc
Benvenuto Group
Biddington Homes
Blackdoor Development Company
Block Developments
Bloomfield Homes
Branthaven Homes
Briarwood Development Group
Brixen Developments
Broccolini
Brookfield Residential
BSäR
Burnac
Cachet Homes
Caivan Communities
Camrost-Felcorp
Canderel Residential
Canlight Realty Corp
Capital Developments
Capital North Communities
Carlyle Communities
Carriage Gate Homes
Carttera Private Equities
Castlebridge Development Group
Castleridge Homes
Castleview Developments
CentreCourt
Centrestone Urban Developments Inc
Centreville Homes
Chestnut Hill Developments
Choice Properties REIT
Choo Communities
Cityscape Development Corporation
Cityzen
Claireville Holdings Limited
Cliffside Homes
Clifton Blake
Coletara Development
Collecdev
Concert Properties
Concord Adex
Condoman Developments Inc
Conservatory Group
Constantine Enterprises Inc.
Consulate Development Group
Context
Core Development Group
Cortel Group
CountryWide Homes
Craft Development
Creek Village Inc.
Cresford Developments
Crown Communities
Crystal Homes
CTN Developments
Curated Properties
Cystal Glen Homes
Daniels
Davpart
DBS Developments
DC&F Corp
Devron
Dez Capital
Diamante Development
Diamond Kilmer Developments
Diamondcorp
Dicenzo Homes
Distrikt Developments
Doornekamp Construction Ltd
Dormer Homes
Downing Street Group
Dream Unlimited Corp
Dundee Kilmer
DVLP Property Group
Eden Oak
Edenshaw
ELAD Canada
EllisDon Capital
Emblem Developments
Empire Communities
Evans Planning Inc
Evertrust Development
Evertrust Development Group Canada
Fengate
Fernbrook Homes
Fieldgate Urban
Fiera Real Estate
Fifth Avenue Homes
Firmland Development Corporation
First Avenue Properties
First Capital
Flato Developments
Forest Green Homes
Forest Hill Homes
FRAM + Slokker
Freed
G Group Developments
Gairloch
Gary Silverberg
Gemterra Developments Corporation
Genesis Homes
Georgian International
Geranium
Globizen Developments
Gordon Wells Ltd.
Granite Homes
Graywood
Great Gulf
Greatwise Developments
Greenfield Quality Builders
Greenland Group
Greenpark Group
Greenwin
Greybrook Realty
Guglietti Brothers
H&W Developments
Hans Group
Harhay Developments
Harlo Capital
Haven Developments
Hazelview Properties
Heathwood
Hi-Rise (West) Inc.
Homes by DeSantis
Hullmark
Hyde Park Homes
i2 Developments
Icon Homes
iKORE Developments Ltd
IN8 Developments
Investissement SM Immobilier
Ironwood Bay
JCF Capital
JD Development Group
KAD Development Group
Kaitlin Corporation
Kaleido Corporation
Kalovida Canada Inc
Kaneff Corporation
KBIJ Corporation
Kilmer Group
Kingdom Development
KingSett Capital
Knighstone Capital
Knightstone Capital
Kroonenberg Group
Kultura
La Pue International
Lakeview Development Holdings Inc
Lalu Canada
Lamb Developments
Lancaster Homes
Lanterra
Lash Group of Companies
Latch Developments
Laurier Homes
LCH Developments
Les Entreprises QMD
Liberty Development
Liberty Hamlet Inc
Lifestyle Custom Homes
Lifetime Developments
Limen
Lindvest
LJM Developments
Lormel Homes
Madison Group
Malibu Investments
Manorgate Homes
Mansouri Living
Marlin Spring Developments
Marydel Homes
Matrix Development Group
Mattamy Homes
Mayfair Homes
MDM Developments
Medallion Capital Group
Menkes
Metropia
Metroview
Minto
Mizrahi Developments
MOD Developments
Monde Development Group
Mutual Developments
Nahid Corp
Nascent Developments
National Homes
New Horizon Development Group
Newgard Development Group
Nexus
NOCO Development Company
Norstar Group of Companies
North American Development Group
North Drive
North Edge Properties
Northam Realty Advisors
Northrop Development
Nova Ridge Development Partners
NYX Capital
Old Stonehenge
ONE Properties
One Urban
Options Development
Originate Developments
Oxford Properties
Parallax Development Corporation
Patry Inc Developments
Pemberton Group
Phantom
Phelps Homes
Pinnacle International
Platinum Vista
Plaza
Plaza Partners
Podium Developments
Presidential Group
Primont Homes
Profile Developments Inc
ProWinko
Quadcam Development Group
QuadReal
Queensgate Homes
RAJACan Developments Inc.
ReBuilt Construction
Reids Heritage Homes
Republic Developments
Reserve
Residences at Bluffers Park
RioCan
Rise Developments
Riverking Developments
Rivermill Homes
Rogers Real Estate Development
Rosehaven Homes
Rosewater Developments
Rowntree Enterprises
Royalpark Homes
Royalton Homes
Sag Development Corp
Sage Development Corp
Sapphire Construction of Niagara
Saxon Developments
Scholar Properties Ltd
Sequoia Grove Homes
Seven Numbers Development
Sherwood Homes
Shiplake Properties Limited
Sierra Building Group
SilverCreek Communities
Sina Development Inc
Skale Developments
SkyHomes Corporation
Slate
SmartCentres
Solmar Development Group
Solotex Corporation
Spallacci Homes
St. Regis Homes
St. Thomas Developments
Stafford Homes
State Building Group
Sterling Group
Sundance Homes
Sunny Communities
Sunrise Gate Homes
Sutherland Developments
TAS
Tercot Communities
The Brown Group of Companies
The Goldman Group
The Gupta Group
The Hi-Rise Group
The Remington Group
The Rockport Group
The Rose Corporation
The Sher Corporation
Tiffany Park Homes
Times Group Corp
Townwood Homes
Treasure Hill
Tribute Communities
Tricar
Tricon Developments
Tridel
Trinity Development Group
Triumphant Group
Trolleybus Urban Development Inc
Trulife Developments
TVM Group
United Lands
UrbanCapital
Urbane Communities
Valery Homes
VANDYK
VanMar Developments
Venetian Development Group
Vermilion Developments
Vintage Park Homes
Wabash Heights Developments Inc
Westbank Corp
Westbank Corp. and Allied Properties
Westdale
Woodcastle Homes
WP Development Inc
York Trafalgar Homes
Yorkwood Homes
Zancor Homes
New Condos by Occupancy Year
2019
2020
2021
2022
2023
2024
2025
2026
TBA
News
Podcast
True Condos Approved
Uncategorized
Videos
Filter by content type
Taxonomy terms

Lessons for Toronto from the Vancouver Real Estate Market

What a difference 5 months can make in a real estate market. In this episode we sit down and chat with Adam and Matt from the Vancouver Real Estate Podcast after first talking to them in February 2017. Hear about the rapid and dramatic transformation in that market that has happened over the last few months and find out what lessons we can take from it here in Toronto as we now have our own foreign buyer tax just like Vancouver.

ADAM AND MATT INTERVIEW HIGHLIGHTS

0:55 A Market Update on Vancouver
3:04 Discussing the hottest segments of the market.
6:20 What will transportation look like?
7:15 Approximate prices of a condo in downtown Vancouver.
7:43 What’s happening in Vancouver right now?
9:50 Vancouver politics.
12:00 The condo market last year.
13:00 Learning points about tax market and how it has affected things.
15:43 Will Toronto follow the same path of Vancouver?
17:50 How was the news received by buyers and sellers in Vancouver?

Click Here for Episode Transcript

Speaker 1: Welcome to the True Condos Podcast with Andrew La Fleur, the place to get the truth on the Toronto Condo market and condo investing in Toronto.

Andrew: Okay, it’s my pleasure to welcome back to the show returning guests, Matt and Adam Scalena. Matt and Adam are real estate agents in Vancouver and they’re hosts of the very popular Vancouver real estate podcast. Guys, welcome back to the show.

Matt: Hey, thanks for having us, Andrew.

Adam: Yeah, thanks, Andrew. Appreciate it.

Andrew: Yeah, great to connect with you guys again and looking back, it looks like we last spoke in February and I think at that time, the Vancouver market was perhaps at its lowest point at least in the headlines. It was down for the count and everyone was sure that it was dead, but now a few months later its obviously a very different story so wanted to get a market update on what’s happening in Vancouver and a lot of the headlines and stuff that we see here in Toronto about real estate in Canada, it’s always Vancouver, Toronto, Vancouver, Toronto. So, our cities seem to be married at the hip at least in the real estate media writer perspective so it’s always good to hear what’s happening on the street, so to speak, of what’s actually happening in the market and find out what’s real and what isn’t. Yeah, I’ll open it up to you guys and just sort of say what’s new? What’s new in the market today versus February? What’s hot and what’s not?

Matt: Yeah. There’s been definitely some changes since February. Yeah, it’s funny to think of the media. I was saying to Adam earlier, last week or a week and a half, the media headlines at least nationally have been dominated by negative news and that’s definitely not our market here. I think we spoke to you just before the market took off and this spring has been exceedingly busy, very similar to the spring of 2016, actually. Maybe urgency was slightly down, but multiple offers on everything. Prices increasing quite rapidly especially in the condo sector.

Adam: Yeah, it’s funny, Andrew, last time we talked to you, Matt and I thought we were going to get a breather there. I remember I had plans to get back in shape and we were going to have a lot of [crosstalk 00:02:30]. That didn’t happen. Yeah, we thought we were going to have a lot of time in the market here and then everything just went crazy.

Andrew: You started planting that vegetable garden. You were thinking about buying that hobby farm. You took up woodworking, and then, boom.

Adam: Exactly. Exactly.

Andrew: The market. So, yeah, so the market is doing much better in Vancouver today in July 2017 than it was in February 2017, it’s safe to say, based on your comments there. What in particular, like what are the hot segments of the market, either property types or areas, and what areas are not doing as well?

Adam: Well, it’s interesting, and we just kind of talked a little bit about Toronto before we started recording and it’s interesting that condos and townhomes really kind of powered through the slower period. We saw the detached market get hit first, and even though things did pick up, there was a spike of activity in detached, specifically on the east side in our spring market. You know, sales ratios haven’t really changed too much. They’ve been kind of hovering around a balanced market for East Vancouver and the west side, so you’re looking somewhere between about 16, 21% in around there, so really balanced for buyers and sellers, but you know, our downtown area and kind of the immediate surrounding areas for condos and, or for townhomes have been exceptionally busy, and it’s been busy almost the entire time. We’re looking at sales ratios of close to 70 to 100% or so.

Matt: Yeah, and just to add to that, even out … Let’s see. Developers are building along SkyTrain lines here, and the prices in location that a year, two years ago, nobody would have wanted to try a condo are close to $850, $900 a foot for new construction, and people are slitting each other’s throats to get those, even if it’s 45 minutes outside of the city, and the SkyTrain.

Adam: So nobody really saw that coming, but the condo market along the SkyTrains and in the city center are, yeah, very, very on market.

Andrew: That’s interesting, actually. I was speaking to one of my clients who lives in Vancouver who recently invested in a condo here in Toronto. They had a similar story about just how prices in the SkyTrain, suburban SkyTrain pockets have just skyrocketed and how he just saw the pattern over and over again, is what he was saying, of areas that were once considered too far away, suddenly become extremely popular and prices rising rapidly, and he, interesting enough, he bought one of those properties here in Toronto on a … In a … Well, in Vaughan, basically, in Vaughan, which is a suburban area which is getting the new subway connection because he basically could see the exact same … He thinks the exact same thing is going to happen in Toronto, which is something we … We haven’t had a lot of new transit in Toronto in decades, so it’s not something, or sort of a pattern that we’re used to seeing, but that’s interesting that you also comment on that, too.

Adam: Well, in Vancouver I think people are hyper-sensitive to transportation lines, mostly because we don’t have a lot of places to go, right? Where we’ve got limited land space here, so what’s interesting is a lot of people just look at the 20 plus year forecast for transportation lines and they do their investing that way, monitoring what the city is doing and then also what the province is doing.

Matt: Yeah, and just to add to that, I mean the prices in downtown Vancouver, and I think a lot of investors are looking outside the city because the numbers make sense. If a building’s … Just to give you an example, if a building from 2003 downtown [inaudible 00:06:47] has a one bedroom at 620 square feet, we’re looking at $700k, $730k now. You know, downtown the prices are so exceptionally high that people are expanding out and the rents are still good out there, so it makes a lot of sense.

Andrew: So, just to give us some context, what is an average … If you want to, if I come to you and I say I want to buy a condo, downtown Vancouver, in a good area, in a good building, what am I approximately paying per square foot?

Adam: About $1000.

Matt: Yeah, between $1000 and $1200 I’d say.

Adam: Yeah, and $1000 would be kind of … You could get some good … You could get a good product for about $1000, $1100 a foot. For a one bed.

Matt: Yeah, but for [crosstalk 00:07:33] come up considerably over the last year.

Andrew: Okay, yeah, so you’re about 20- [crosstalk 00:07:39]

Matt: Yeah, it wasn’t very long ago when we hit the $1000 a square foot mark, right? I mean, that feels like it was-

Adam: Well, not with where it was so blanketed, I mean, that’s kind of the idea. I remember when the first developers started charging $1000 a foot and everyone thought it was crazy, and now you look back at those days and what it did was just elevate all of the areas. Everybody wanted $1000 a foot, and now-

Matt: Well, and pre-construction is a new development right now, Mirabel, and it’s about $1700 a foot and people are like, not a bad value.

Adam: Or there’s the Kengo Kuma Project, which on average was $2000 a foot, right?

Andrew: Wow. $1700, $2000, yeah, those are numbers we haven’t seen here yet, but we’re … Yeah, Toronto’s on sale. Exactly. We’re tracking behind you guys by about 20, 25% it sounds like. So, we get headlines and stuff, we get snippets here in Toronto about what’s happening in Vancouver. What are we missing? Where are the headlines wrong? What’s the story that’s not being told about what’s happening in Vancouver right now that we here in Toronto should know about?

Adam: Well, it’s interesting, because the media in our opinion is always about three to six months behind the story, right? So, it seemed like it was about two, three months ago that there was a lot going on in terms of media stories saying, “Look at the Vancouver market, is hot,” and that was about three months after we were telling people, “The market’s really picked up,” and now we’re starting … We’ve been feeling the last little while where there is a slight shift, and I don’t know if this is seasonal, but it seems to be … I mean we’re now deep in July and in August, always, people are focused on getting their holidays in before the kids go back to school and that sort of thing, so there will be a slowdown, I believe in the coming weeks and we’re already starting to feel that. We’ve noticed a lot of properties that would get multiple offers are not getting as many offers or potentially no offers at all, and then certain price bands are shifting as well.

So that’s one of the stories, and then the other story is if you’re not following Vancouver politics, there’s … Our city right now, the affordability question and the political divide and new regulations coming in to try … We’ve moved it … So obviously, we had a government change in BC. We’ve got the NDP now, so really it’s a story of summer slowdown and also political maneuvering and new policy coming in that’s going to be curbing the market.

Matt: And the other story I think the national headlines could miss is just how different market segments are performing and I kind of spoke to that a little bit, but just to give you an idea here, east Vancouver a year ago, was our hottest market, I’d say, or a year and a half ago, before the Homebuyers Act. It was setting the pace. You look at the stats right now from June 2016 to June 2017, that market’s basically been flat. It’s 1.5% increase in the last year. Downtown condos are up 15.2% in the last year, so since the Foreign Buyers Act, we’ve seen the condo market just take off, detached homes have … They’ve [inaudible 00:11:06] flat market, and within the condo market, and we spoke about this very recently on our show, there’s a big distinction as well. Studios and one beds have the prices [inaudible 00:11:18] catching two beds now. It’s … Two beds seem very cheap when you look at the price differentiation between two beds and one bed.

Adam: Sure, and just to echo that, Matt and I are constantly looking at the different gaps in the market, because some, there needs to be a logic between the difference in the price point of actually owning land in the city versus owning a condo, and that gap is really, really shrunk down, and then like Matt was saying, the difference between one beds and two beds doesn’t make sense anymore as well, so it’s a strange time in terms of the price band and the type of product that you get, for sure.

Matt: Yeah.

Andrew: And you’re seeing, so, a lot of pressure, I’m hearing you say basically a lot of pressure at the bottom end of the market. Affordability, people looking to get into the market, buying the smallest, cheapest units, really driving those prices up over the last year, and as you work your way up the market to the top, less and less upward pressure on those, the pricier properties.

Adam: Well, that’s just it, and I mean, the numbers really show that as well, so when you look at the sales ratios and you break it down on price band, if you’re looking, it’s the top end of each market segment that is really suffering.

Matt: Exactly.

Adam: Anything on the west side above $3 million is really soft, anything on the east side above $1.75, this is for detached, and then downtown the same thing holds true when you start to get to the higher price points.

Matt: Yeah, like over $1 million it starts going down, $1 million, $1.5 million. Exactly.

Andrew: Looking back over the last 12 months, the foreign buyer tax, you guys have had it now for almost exactly 12 months in Vancouver, what are sort of the top one or two learning points that you would sort of take away from a year of experience with that tax on your market and how it affected things?

Matt: Well, one thing I would take away is it’s really hard to predict what the future holds. When we spoke to you in February and when we were helping people buy last fall, like November, I was just saying because we were speaking to you about Toronto, Andrew, and you were saying, “Now is a great time to buy,” and if Toronto’s anything like Vancouver, you’re absolutely correct. We were helping people buy last fall when the market was soft across the board where were still in that hangover phase, but nobody could have predicted that once spring hits, 2017, the market just took off again, and it turns out those people that pulled the trigger in November, December, those were smoking deals. They had tons of choice, lot of inventory, and yeah, it was a fantastic time to buy.

Adam: Yeah, and I would say another thing that really rings true, and I mean this is not … I don’t think this [inaudible 00:14:15], but just how powerful the media is in a marketplace, and I mean how a lot of negative media attention can really make people kind of pull back and sit on their hands and create a waiting period.

Andrew: Right. Yeah, absolutely. So many people just taking the wait and see approach, but eventually they are going to jump in, and they-

Adam: Well-

Andrew: They tend to jump in all at the same time, don’t they?

Adam: Yeah, and especially if the demand is there, like that’s one thing we’ve seen in Vancouver. There’s the pent up demand that just became, would you say more and more pent up, over the course of the latter half of last year? And that’s what’s been the key driver this spring is just, like, overwhelming demand, very limited supply, and that’s the fundamentals were still there, the market was still, would have been strong. I think that policy just really … It was like the punch in the nose.

Andrew: Now I’m just going to ask your opinion here, but Toronto obviously we got the Foreign Buyer Tax now, too. Toronto obviously is slowed down since the tax was introduced. Toronto is also seeing detached market slowing down much more than the condo market. In fact, condos are still basically a sellers’ market. Do you think … What’s your opinion? Do you think that Toronto will follow a similar, or the same, path that Vancouver was on, or is it just impossible to say because they’re different markets?

Adam: You know, I mean it’s interesting. I guess another learning point that we’ve kind of taken away from this is that location and lifestyle is important to people at the entry level of the market, and I think what we’re going to see is detached and areas that, first of all detached because of the price point, but also if you’re not around a SkyTrain or if you’re not in the city center, we’ve seen downtown Vancouver condos outperform almost everything and the reason being is I think people want to invest in the city, people want to invest in vibrant areas, and also there’s this kind of lifestyle trend going on at least in Vancouver, and I’m sure it’s the same in Toronto where millennials and young people are way more willing to raise families in condos, and also they want to be living in cities and they’re prepared to sacrifice space-

Matt: Yeah.

Adam: Or lifestyle.

Matt: And not only millennials, downsizers as well.

Adam: Totally.

Matt: That’s a huge driving force of people moving downtown into downtown Vancouver.

Adam: So, I mean I guess the lesson would be I wouldn’t be surprised if Toronto condos in the downtown core and kind of the happening areas continue to hold value and to do well, and I think the greater Toronto area where there’s room for expansion will probably get hit the worst.

Andrew: Yeah, absolutely. Are you seeing … Over here in Toronto, a lot of people are freaking out over the new Bank of Canada raising the interest rates a week or two ago, again, saying, “This is another reason why the sky is falling and things are,” you know, the whole market’s just going to crash, or something like that. That’s a popular sort of feeling and sentiment on the street with some people here. How did you … How was the news taken on the street, so to speak, with buyers and sellers in Vancouver?

Adam: You know, it’s interesting. We’ve had a few deals fall apart that wouldn’t have fallen apart earlier in the year, where I think it’s more about … I was speaking to a mortgage broker, or actually we were … We had a mortgage broker on the podcast a couple weeks ago talking about how [inaudible 00:18:19] is auditing banks a little bit more carefully and obviously the rules and … easier loopholes were getting tightened up a bit, where it’s just a little bit more challenging for brokers to pass things that they could have typically passed, so I guess that’s a roundabout way of saying that financing is a bit trickier, but generally speaking, it’s a marginal increase and it’s also a sign that the community and economy’s doing well, right?

Matt: Yes, and I was just going to add here to Adam’s point, and the broker we had on pointed out, “It’s $13 on every $100,000 of your mortgage,” right?

Adam: It’s not a huge change. It’s passed over, in Vancouver at least. I don’t think it’s really impacted the market tat all. If anything, maybe people that had rate holds are buying. We’re seeing a bit of a spike in activity of people that have really great rates and doesn’t pull the trigger.

Matt: But there’s no … It sounds actually like it’s impacting Toronto in a way that it’s not here. There’s no real sky is falling talk about the … I think and like Adam said, it’s less about the interest rate hike and more about the policy tightening, I think, where people are just having trouble getting the financing.

Adam: Yeah.

Matt: BC politics are more alarming, I think, to some people.

Andrew: Yeah, well I would think a lot of people would definitely agree with that, and Ontario, too. The politics are a lot more alarming than the actual interest rates. Guys, I know you’re running out of time and you’ve got … I’ve got to get going here. I really appreciate your time on the show today. If people want to get ahold of you, I’m sure we’ll talk again. If people want to get ahold of you in the meantime, what’s the best way for people to do that?

Matt: You can visit us at VancouverRealEstatePodcast.com. That’s where you can download our episodes and you’ll find our contact information there as well.

Adam: Yeah. We’re also on [inaudible 00:20:21] if you’re interested in the show, and we have a talk every week on Wednesday and we talk about the market here in Vancouver, so, for sure.

Matt: But thanks for having us, Andrew.

Adam: Yeah, we really appreciate it.

Andrew: Awesome. Great, thanks guys, and we’ll talk to you again soon.

Matt: Okay. Thanks, Andrew.

Speaker 1: Thanks for listening to the True Condos Podcast. Remember, your positive reviews make a big difference to the show. To learn more about condo investing, become a True Condo subscriber by visiting TrueCondos.com.

Tags