In this week's episode, Kai breaks down the Bank of Canada's seventh consecutive interest rate cut to 2.75% and what it means for your mortgage payments. Dive into the surprising Toronto market statistics showing inventory up 76% year-over-year and prices down 2.2%, creating unprecedented buyer leverage.

Kai examines how US-Canada trade tensions are creating what experts call "profound uncertainty" in the housing market, with potential implications for construction costs and buyer confidence. Learn why mortgage delinquency rates are paradoxically rising despite falling interest rates, and which demographics are most affected.

For more in-depth analysis on how the trade war specifically impacts Canadian real estate and construction costs, check out Kai's latest blog post at kaibydesign.work, where he explores the long-term implications of aluminum and steel tariffs on housing affordability.

Toronto's real estate market is witnessing its biggest shakeup in years. From historic mortgage renewal numbers to potential trade wars, interest rate cuts, and a proposed 6.9% property tax hike - this episode breaks down everything you need to know about the current state of the market. Join us as we analyze Royal LePage's latest report showing a 2.3% price increase, dive into why 1.2 million Canadians are facing mortgage renewals this year, and explore what all this means for buyers, sellers, and investors. Plus, an important announcement about our new bi-weekly podcast schedule. Whether you're actively in the market or just keeping tabs on real estate trends, this comprehensive market analysis is your essential guide to understanding Toronto's real estate landscape in early 2025.

The Greater Toronto Area housing market ended 2024 with fascinating contradictions. Annual sales reached 67,610 units, up 2.6% from 2023, while new listings surged 16.4% year-over-year. The average selling price settled at $1,117,600, showing a marginal decline from 2023. December specifically saw 3,359 sales, a slight decrease from the previous year, with the average price at $1,067,186. Notable divergence appeared between property types, with detached homes showing resilience while condo apartments experienced more significant price pressures.