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Real Estate Insider: December 2024

Posted on December 6th 2024 by Generator

Welcome back, Real Estate Insiders! This month, we’ll look at when we’ll stop dealing with tax greed, the Trump presidency and what it will do for the housing market, what happens when you fail to close a real estate transaction, plus so much more! If you haven’t signed up to our newsletters SUBSCRIBE NOW to receive insider updates, tips and advice, the hottest YQG listings, and so much more to keep you informed throughout the month. Let’s dive in!

The Average Homebuyer Might Be Older Than You Think

We all know that young people can’t necessarily afford to buy homes right now. But the new record-breaking average age of homebuyers in 2024 might surprise you! Read all about homebuyers in 2024 below.

Read: Homebuyers In 2024 Are Older And Wealthier Than Ever Before

When Will We Stop Dealing With Tax Greed?

While we technically may not know the answer to that question directly, the following article discusses and breaks down how much homes would actually cost if not for the money hungry municipalities we live in.

Read: Neil Sharma: Greedy Municipalities Bleeding Young Homeowners Dry

20 Quick Money Pointers

This investment worker shares his top lessons from working in the industry for 20 years. To the point, and simple to follow – find out what they are below!

Read: 20 Lessons From 20 Years Of Managing Money

President Trump And The Housing Market

Read all about Trump’s plans to make housing more affordable and how his presidency affects the housing market in the following informative article!

Read: What A Trump Presidency Means For Housing

Short-Term Rental Landlords – Watch Out For This!

Read all about what landlords of short-term leases need to know to protect themselves from this GST/HST tax trap!

Read: Short-Term Rental Tax Trap

Yes, It Is Still Nearly Impossible To Time The Housing Market

Read the article below to see how the author analyzes a marital debate about whether they should sell their home now or wait a couple more years. What is the answer? (Spoiler alert – there really isn’t one).

Read: Timing The Housing Market: When Should You Sell?

What Happens When You Fail To Close A Real Estate Transaction?

You guessed it, it certainly isn’t pretty. This buyer has to pay hefty damages to cover the costs from not completing the closing on a property. One thing to take from this article: do not do the same!

Read: Buyer on the Hook for $366,000 in Damages After Failing to Close

The Downfall Of Bitcoin?

Read about why this author is deciding to sell some of his Bitcoin and the ups and downs that came along with purchasing it.

Read: Why I’m Selling Some Bitcoin

GST Is Going On A Holiday

The following article covers the two big announcements that the Canadian governments have made regarding GST breaks and stimulus cheques.

Read: Bank of Canada to Slow Interest Rate Cuts with GST Holiday and O.N. Stimmy

RE/MAX’s 2025 Canadian Housing Market Outlook Is Here

Read all about it in the link below! You can find the previous years’ housing market outlook reports there as well.

Read: 2025 Canadian Housing Market Outlook

Renaissance Center To Potentially Have A New Shared Owner With GM

Dan Gilbert’s plan to tear down two of GM’s towers and what he plans on putting there instead, as well as more about his redevelopment plans in the article below.

Read: GM, Gilbert seek State Funding for Massive Overhaul of RenCen, Riverfront

Single-Family Home Constructions Are Decreasing

The province of Ontario isn’t building as many single-family homes anymore. Find out why, read the stats, and much more in the following article. 

Read: Single-Family Home Starts hit 69-Year low in new Ontario Housing Data

Landlord Vs. Tenant Strikes Again!

These local tenants didn’t pay their rent in 16 months…read the full scoop below.

Read: Windsor Landlord says Tenants who Haven’t Paid 16 Months of Rent have now Paused Eviction Order