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Tax Principal Home Gains? + Condo Listing Surge to the Rescue? — Toronto & Vancouver Real Estate Now

It’s a world-spanning July episode of the Toronto-Vancouver real estate roundtable with John in Greece, Steve in Vancouver and Urmi in Toronto! The weather is warm, but the biggest Canadian real estate markets remain anything but — John and Steve take us through the latest stats for Toronto and Vancouver and explain whether yet another new record high in condo listings and investors existing will finally result in more options and better prices for end-users. Also: as average gifts to home buyers from family now averages over $100,000 in Canada, is it finally time to talk about taxing gains on principal residences? 00:00 — Intro 01:47 — Vancouver Market Update 03:19 — Toronto Market Update 05:48 — Condo Investors Exiting, End-Users to Benefit? 11:17 — Current Rental Market Conditions & Anti-Landlord Moves? 29:55 — Average Family Gifts to New Buyers Now Over 100K in Canada 35:18 — Is it Time to Tax Gains on Principal Residences? Contact Us Follow Steve on X-Twitter @SteveSaretsky; Email at: [email protected] Follow John on X-Twitter @JohnPasalis; Email at: [email protected] Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected] About This Roundtable Series Each month, Move Smartly.com editor, Urmi Desai, talks to John Pasalis, Housing Analyst, Broker and President of Realosophy Realty in Toronto, and Steve Saretsky, Housing Analyst and Realtor at the Oakwin Realty Group at Oakwin Realty in Vancouver about the latest data and on-the-ground insights in Canada's biggest residential RE markets. (Thanks to Jesse Bains, now at Linked In News, for kicking off this series at Yahoo Finance originally!) About This Show The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada. You can also listen to this episode on our MoveSmartly podcast here (new episodes drop Tuesdays): https://link.chtbl.com/movesmartly If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support!