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March Market Trends, Taxes, and Delicious Discoveries | Episode 49

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In Episode 49 of the Toronto Livings Real Estate Podcast, hosts Mark Savel and Joey Virgilio dive into a comprehensive March market update, discussing key trends and statistics.

The episode also addresses the vacant home tax situation, highlighting the confusion and controversies surrounding it. Additionally, they touch upon the proposed renter’s bill of rights by Justin Trudeau, discussing its potential impact.

The show includes personal anecdotes from the hosts, such as their dining experiences in Toronto and a trip to Buffalo. The discussion extends to upcoming listings in the Toronto real estate market and concludes with insights into the interest rate climate and its effects on buying trends.

(00:00) Kicking Off Episode 49 with Mark and Joey
(00:16) March Market Update: The Unfolding and the Unhappened
(00:44) Welcome to Toronto Living’s Podcast: Real Estate, Culture, and Food
(02:05) Back to Basics: Market Updates and Personal Eats
(02:39) Exploring Toronto’s Hidden Gem: A Sandwich Saga
(06:01) Buffalo Adventures: Wings, Target, and Trader Joe’s
(10:26) Vacant Home Tax Fiasco: Toronto’s Real Estate Dilemma
(14:55) Introducing the Renter’s Bill of Rights: A Federal Proposal
(18:09) Navigating the Bear Trust Confusion: A Federal Fumble
(20:47) Land Pro Conference Insights: When Bad News is Good News
(21:47) Decoding Canada’s CPI and Mortgage Payments
(22:31) Bank of Canada’s Upcoming Decision: Bets and Predictions
(23:29) Exciting Real Estate Listings on the Horizon
(24:44) The Solar Eclipse Buzz: To See or Not to See?
(27:39) Diving Deep into the Real Estate Market Trends
(37:28) Months of Inventory: A Detailed Analysis
(41:44) Wrapping Up: Key Takeaways and Shoutouts

Shoutouts

La Salumeria – 2021 Yonge St, Toronto, ON M4S 2A2

Bar-Bill North (in Buffalo, USA) – 8326 Main St, Clarence, NY 14221, United States. https://www.barbill.com/

Fata Real Estate Group – 2010 Yonge St, Toronto, ON M4S 1Z9
https://fatareg.com/

From Athletic Camps to Real Estate Deals: A Conversation on Empowerment and Education | Episode 48

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In Episode 48 of the Toronto Livings Podcast, we have an incredible chat with guest Alexander Arthur, who discusses the transformation of TAC Sports into a holistic educational platform that nurtures young minds with a blend of sports, financial education, and real estate knowledge.

The conversation sheds light on the importance of financial literacy, and the role of community and mentorship in shaping well-rounded individuals. Highlighting personal success stories and advocating for an educational approach that breaks traditional barriers, the podcast envisions a future where empowered youth are equipped with the skills and insights to pursue a life of purpose and contribution.

Shout OutsAlex Arthur – https://tacacademy.ca/staff/TAC Academy – https://tacacademy.ca/TAC Sports – https://tacsports.ca/Lifetime Skills Academy – https://lsacademy.ca/
Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

🎙 Weekly Podcast

Pioneering the MLS for Pre-construction in Toronto – Interview ft. TalkCondo Founders | Episode 47

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Navigating Toronto’s Pre-Construction Real Estate with TalkCondo Founders

In episode 47 of the Toronto Livings Podcast, we feature an in-depth interview with Roy and Amit Bhandari, the entrepreneurs behind TalkCondo.com, Toronto’s leading online platform for pre-construction real estate.

Starting from their entry into real estate in 2007, the Bhandari brothers share the evolution of their platform, the challenges of organizing pre-construction information, and insights into the condo market’s trends. They also introduce TalkCondo Pro, offering updated, comprehensive project data for industry professionals and public users.

Additionally, personal stories, including their food preferences and memorable projects like MONDE and King Toronto, enrich the discussion. The podcast concludes on a friendly note, sharing tales of pubs and Guinness, and emphasizes the value of Talk Condo for realtors and the public, urging real estate professionals to leverage the platform to better serve their clients.

(00:00) Kicking Off Episode 47: A Special Interview
(00:06) Introducing TalkCondo: The MLS for Pre-Construction
(02:37) The Origins of Roy and Amit Bhandari in Real Estate
(04:27) The Journey from Resale to Pre-Construction Mastery
(15:10) Building the Foundation of TalkCondo.com
(18:39) Evolving TalkCondo: From Blog to Pre-Construction Database
(24:15) The Challenges and Solutions in Pre-Construction Data Management
(28:59) The Impact of Organized Data on Pre-Construction Real Estate
(29:33) Introducing TalkCondo: Revolutionizing Pre-Construction Real Estate
(31:10) The Evolution of Real Estate: From Pen and Paper to Digital Dominance
(31:31) TalkCondo Pro: Unleashing a Goldmine of Real Estate Data
(35:00) The Speed of Information: Transforming Real Estate Transactions
(51:43) A Glimpse into Future Projects and the Power of Access
(53:31) The Personal Side: Working with Family and Foodie Favorites

Show notes

Talkcondo.com

Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

The Future of Urban Living: Exploring Garden Suites with Lorena Magallanes | Episode 46

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#torontorealestate #gardensuites #torontopodcast
Exploring Garden Suites with Lorena Magallanes

In this episode of the Toronto Livings Podcast, hosts Mark Savel and Joey Virgilio invite Lorena Magallanes, a real estate expert and part-owner of Stomp Realty, to discuss the concept of garden suites.

Lorena shares her insights on the process of building a garden suite, detailing her own experience from inception to overcoming various challenges with the City of Toronto’s building codes and permits. She emphasizes the importance of having a knowledgeable architect and contractor familiar with garden suites. The conversation also touches on the potential of garden suites for rental income or family housing, the differences between garden suites and laneway houses, and the legal and logistical steps involved in their construction.

Additionally, Lorena addresses the impact of building garden suites on neighborhood dynamics and offers practical advice for those considering this housing option. The podcast is a comprehensive guide on garden suites in Toronto, including related real estate trends, cultural insights, and personal anecdotes.

(00:00) Kicking Off with a Special Guest: Lorena Magallanes
(02:18) The Evolution of a Realtor: Lorena’s Journey
(03:40) Diving Deep into Garden Suites with Lorena
(15:18) The Challenges and Triumphs of Building a Garden Suite
(24:10) Lorena’s Victory: A Lesson in Persistence and Building Codes
(28:37) Exploring Garden Suites: A New Housing Concept
(28:57) Navigating Building Codes and Permit Challenges
(31:12) Affordable Housing Solutions: Prefab Garden Suites
(34:05) Financing Garden Suites: The Mortgage Dilemma
(35:58) The Value of Garden Suites in Real Estate
(36:28) Personal Stories and the Future of Garden Suites
(42:27) Community and Lifestyle in Etobicoke
(45:10) Foodie Favorites and Gluten-Free Options in Etobicoke
(49:55) Real Estate Ventures and Closing Thoughts

Show Notes

Lorena Magallanes – https://www.stomprealty.com/
Lorenas Builder, Atella – https://www.atella.ca/
Laneway Housing Advisors – https://lanewayhousingadvisors.com/City of Toronto and Garden Suites – https://www.toronto.ca/city-government/planning-development/planning-studies-initiatives/garden-suites/

Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

Giggles, Guitars, and Growth in the Toronto Real Estate Market | Episode 45

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In episode 45 of the Toronto Livings Real Estate Podcast, hosts Mark Savel and Joey Virgilio navigate through daylight savings time changes, share personal stories including Joey’s music jam sessions and their food adventures, and delve into news you can use.

The episode focuses on market updates for the month of February 2024, discussing the current real estate landscape in Toronto, exploring historical price comparisons pre-COVID, during COVID, and at present. It also examines the lasting impact of interest rates on housing prices and predicts future market directions.

The co-hosts share updates on lending rates, spotlight new food discoveries, and relay their personal tales, blending expert market analysis with lighthearted banter.

(00:00) Kicking Off with Daylight Savings Time Syndrome
(00:24) Joey’s Jam Session and Food Adventures
(02:44) A Week of Sports, Secret Meetings, and Tacos
(05:55) Jamming Out and Musical Musings
(09:15) Diving into News You Can Use
(16:36) Market Update: February’s Financial Forecast
(18:33) Reflecting on Past Predictions and Market Trends
(19:36) Market Dynamics: Days on Market and Segment Performance
(20:59) Sales Insights: From Predictions to Transactions
(22:49) Analyzing Market Segments: A Deep Dive into Sales and Prices
(30:10) The Impact of Interest Rates on the Real Estate Market
(32:11) Months of Inventory: Understanding Market Conditions
(36:42) Closing Thoughts and Recommendations

Shownotes:

Cherry Jam Rehearsal Studios – https://cherryjamrehearsal.com/
154 Islington Ave, Etobicoke, ON M8V 3B6

Alebrijes Taqueria
2404 Dufferin St, York, ON M6E 3S8

Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

Six (minus one) Incentives For First Time Home Buyers | Episode 44

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First-Time Home Buyer Incentives: What You Need To Know!

The 44th podcast episode of the Toronto Livings Real Estate Podcast dives into the numerous incentives available to first-time homebuyers in Ontario. The hosts, Mark Savel and Joey Virgilio, discuss the six homebuyer incentives, one of which was eliminated recently, that buyers can take advantage of.

They also discuss their trip to Othership for an ice bath networking event, their dining experience at Dairy Freeze, and expose some shady things happening in the real estate industry, providing their listeners with useful information.

(00:00) Introduction and Overview of the Episode
(00:47) Welcome to the Toronto Livings Podcast
(01:36) First Time Home Buyer Incentives
(01:46) Weekly Highlights and Personal Experiences
(06:04) News You Can Use: Real Estate Industry Updates
(11:26) Deep Dive into First Time Home Buyer Incentives
(18:30) Leveraging RSPs for Home Ownership
(18:57) Understanding the RRSP Benefit
(19:42) Introducing the First Home Savings Account (FHSA)
(20:04) The Benefits of the FHSA
(21:47) Investment Strategies for Your FHSA
(23:07) First Time Home Buyers Tax Credit
(25:00) GST/HST New Housing Rebate
(28:20) The End of the First Time Home Buyer Incentive
(32:41) Summary of Home Buyer Incentives
(34:03) Closing Remarks and Shout Outs

Shout Outs

Othership – https://www.othership.us/
Lisbon Hotel – https://www.lisbonhotel.ca/
Dairy Freeze – https://www.yelp.ca/biz/dairy-freeze-toronto
Keyzer Reid Real Estate Group https://onthemoveto.ca/
MediaRama Studios – https://www.mediarama.ca/

Touring the Lisbon Hotel, Torontos Newest Cocktail Bar | Episode 43

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In this episode of the Toronto Livings Podcast, hosts Mark and Joey visit Lisbon Hotel, a new spot from co-owners Adam Hijazi and David Wex, located at River City in downtown Toronto!

They discuss the unique experience Lisbon hotel offers – from its inspired décor to its culinary delights. Although it’s not Portuguese nor a hotel, Lisbon Hotel offers a European hotel lobby bar vibe with small plates, great drinks, and a soon-to-be-launched breakfast menu.

Adam also explains the careful thought process behind curating each element of the space as well as samples for Mark and Joey to try!

Lisbon Hotel
https://www.lisbonhotel.ca/
19 Lawren Harris Square, Toronto, ON M5A 1H7

(00:00) Introduction and Episode Preview
(01:16) Meet Adam Hijazi
(01:35) Discussing the Lisbon Hotel’s Concept
(02:48) The Lisbon Hotel’s Reception and Community Impact
(03:19) The Story Behind the Lisbon Hotel
(04:34) The Lisbon Hotel’s Unique Approach
(06:18) Adams Journey in the Restaurant Scene
(08:06) The Lisbon Hotel’s Food and Drink Recommendations
(09:53) The Lisbon Hotel’s Future Plans
(17:18) The Lisbon Hotel’s Approach to Food
(25:57) Adams Favorite Restaurants in Toronto
(29:28) Exploring the Aesthetic of Ossington
(29:57) The Concept of Micro Communities in Toronto
(30:35) The Evolution of Neighborhood Restaurants
(31:16) The Impact of Location on Dining Experience
(32:13) The Rise of Coffee Shops in Toronto
(33:07) The Art of Coffee Making
(34:05) Exploring Unique Dishes and Flavors
(36:40) The Intersection of Real Estate and Hospitality
(37:35) The Experience of Dining at Lisbon Hotel
(38:06) The Importance of Creativity in the Food Industry
(39:54) The Role of Decor in Creating a Dining Atmosphere
(54:43) Wrapping Up the Dining Experience

Pets and Properties: Navigating Toronto’s Real Estate Pet Rules | Episode 42

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In Episode 42 of Toronto Living’s Real Estate Podcast, hosts Mark and Joey discuss the impact of pets on real estate buying, renting, and landlord behavior helping you navigate pet rules related to Toronto Real Estate!

They delve into condo rules regarding pets, how these rules can affect home buyers and tenants, and the potential eviction scenarios based on those regulations. Amid various humorous anecdotes and personal stories, they highlight the importance of being transparent about pet ownership with real estate agents and discuss some of their dream pets, ranging from gorillas to turkeys.

The hosts also touch on various Toronto-related topics, such as the recent clarification on license plate renewals and their favorite local eats.

(00:00) Introduction and Episode Overview
(00:53) Welcome to the Toronto Livings Podcast
(01:43) Pet Stories and Experiences
(04:32) Food Recommendations and Weekly Recap
(11:39) News You Can Use: License Plate Renewals and More
(15:35) Property Tax Hike and Pet Restrictions in Condos
(23:04) Unpleasant Encounters with Pets in Rental Units
(23:23) Strict Pet Policies in Buildings
(24:16) Disputing Unfair Pet Rules and Bylaws
(25:20) The Consequences of Ignoring Pet Rules
(27:27) The Landlord and Tenant Perspective on Pets
(30:55) The Reality of Owning Pets and Respecting Others
(37:15) Dream Pets and Their Impact on Living Situations
(44:46) Conclusion: The Importance of Transparency and Respect in Pet Ownership

Shoutouts:

Matty’s Patty’s Burger Club – 923a Queen St W, Toronto, ON M6J 1G5
https://www.mattyspattysburgerclub.com/

Banya №2 – 13110 Yonge St #1, Richmond Hill, ON L4E 1A3

Traditional Slavic sauna & Tea room

Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

🎙 Weekly Podcast

Toronto Real Estate Market Update for January 2024 | Episode 41

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In this week’s episode, realtors Mark Savel and Joey Virgilio discuss the latest happenings in Toronto’s real estate market with their January market update.

They also share Toronto Real Estate Board’s 2024 predictions on sales and average prices and compare the predictions with their own market insights. Additionally, they delve into interesting topics such as cloning pets, food, and the shows they’re currently enjoying. Tune in for a blend of real estate market commentary, lively cultural discussions, and general banter.

(00:00) Introduction and Casual Banter
(01:32) Food Talk: Dining Experiences and Recommendations
(07:45) The Art of Cooking and Food Appreciation
(11:17) News You Can Use: Cloning Pets and More
(19:38) Market Update: January Review
(21:00) Discussing Predictions and Numbers
(21:04) Sales Predictions for 2024
(21:47) Comparing Past Sales and Predictions
(22:38) Sales in 2021 and Predictions for 2024
(23:16) Predictions for Average Price
(23:56) Market Vibe Check and Bidding War Stories
(25:03) Current Market Outlook
(32:44) Sales in the 416
(35:35) Price Trends and Predictions
(37:52) Months of Inventory Analysis
(40:28) Final Thoughts and Predictions

Where We Ate

Molkagtez Mexican Cuisine (1263 Queen St. W) https://www.molkagtez.com/

Adrak Yorkville (138 Avenue Rd)
https://www.adrakyorkville.ca/

Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivings/
Joey Virgilio: https://www.instagram.com/joey_torontolivings/

Bidding Wars ARE BACK in the Toronto Real Estate Market | Episode 40

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In this episode of the Toronto Livings Real Estate Podcast, hosts Mark Savel and Joey Virgilio discuss effective strategies for buyers in Toronto’s bidding wars, the importance of writing love letters to potential sellers, and the surprising news about Luigi Hamilton joining Ferrari in the F1 season.

They also delve into the rise and importance of virtual staging in the housing market. Joey provides a live taste test of his homemade bread, leading to an unexpected computer malfunction. Lastly, they discuss current hot market trends and emphasize that price isn’t the only factor that can help secure a deal in the heated bidding war situation.

(00:00) Introduction and Welcome
(01:29) Celebrating Episode 40
(01:49) Joey’s Bread-Making Journey
(03:55) Bidding Wars in Toronto’s Real Estate Market
(04:14) Food Adventures and Weekly Recap
(11:31) News You Can Use: Property Tax and World Cup
(15:38) Groundhog Day and Foreign Buyer Tax
(23:50) Bidding Wars are Back
(29:43) Strategies for Bidding Wars
(33:50) Importance of Pre-Approval and Home Inspection
(35:23) The Role of a Realtor in the Buying Process
(35:52) The Impact of Deposit on Property Purchase
(44:23) The Power of Love Letters in Property Purchase
(49:02) Closing Remarks and Personal Stories

Where You Can Find Us

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ Instagram
Mark Savel: https://www.instagram.com/torontolivi…
Joey Virgilio: https://www.instagram.com/joey_toront…