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Since the short-term rentals legislations came into effect, real estate agents have been noticing much less pre-sales for studios and one bedrooms coming through, even though data is showing that the biggest need is for studios and one bedrooms.

It's come to light that the data has actually been skewed, because of the amount of purchases made for investments, rather than for people to actually live in units.

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#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

Episode 58: Matt and Taylor are joined by Patrick Francey. Patrick is the CEO of the Real Estate Investment Network (REIN) and a multi-business owner from Edmonton, Alberta. Patrick brings over 40 years of expertise to the show and is considered a luminary in real estate investment education, entrepreneurship, personal and professional development. A gifted speaker and coach, he is also the host of "The Everyday Millionaire" podcast, and one of Matt's influences in real estate.
 
Patrick is here to discuss:
→ How REIN teaches Canadians to invest in real estate and the similarities successful investors have with top performing athletes.
→ The driving factors of real estate markets, when the worst time is to buy real estate, and what an investors job actually is.
→ New legislation being tabled in BC about "vacancy control" and the need for more market-driven pricing as opposed to government intervention like Alberta.
 
Real Estate Investment Network (REIN) Website: https://www.reincanad…

The BC/Alberta Wine War

Alberta might be in for a rough ride with the Canadian Association of Liquor Jurisdictions.

Subscribe to the Kelowna Real Estate Podcast on your favorite podcast platform.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

🇨🇦 Canadians: Easily Invest in US Real Estate with addy 🇺🇸

Canadians are able to invest US dollars into US real estate using addy.

Doing this on your own can be a massive headache - addy takes care of all of that for you.

Subscribe to the Kelowna Real Estate Podcast on YouTube and your favorite podcast platform.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

Full Episode Here: https://youtu.be/YMMCYmQLs3o

Episode 77: Matt and Taylor are joined by Stephen Jagger. Stephen is a Co-Founder of addy from Vancouver, BC, who's also a serial entrepreneur, author, and speaker. Since 2000, Stephen has had multiple of his real estate industry companies acquired, including Combustion Hosting and Ubertor Realtor Software. addy is Canada's largest real estate investment platform, through crowdfunding properties and letting anyone invest. addy's goal is to eradicate barriers to property ownership for everyone.

Stephen is here to discuss:
→ How addy was founded and what it is, navigating the ups and downs of starting a business, what the addy team looks like, and the future plans for addy.
→ How investors keep track of their investments with addy, if investments are locked in or liquid, how taxes work on the platform, GP & LP structures, how many properties are on addy, and if there have been any project defaults.
→ How developers get on addy, public vs…

😬 Kevin Falcon Has Destroyed the BC Liberal Party 🤦🏻‍♂️

On August 28th, Kevin Falcon announced his decision to suspend BC United's campaign.

He is now encouraging BC United supporters to stand behind the Conservative Party in the upcoming election.

Subscribe to the Kelowna Real Estate Podcast on YouTube and your favorite podcast platform.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

Episode 77: Matt and Taylor are joined by Stephen Jagger. Stephen is a Co-Founder of addy from Vancouver, BC, who's also a serial entrepreneur, author, and speaker. Since 2000, Stephen has had multiple of his real estate industry companies acquired, including Combustion Hosting and Ubertor Realtor Software. addy is Canada's largest real estate investment platform, through crowdfunding properties and letting anyone invest. addy's goal is to eradicate barriers to property ownership for everyone.

Stephen is here to discuss:
→ How addy was founded and what it is, navigating the ups and downs of starting a business, what the addy team looks like, and the future plans for addy.
→ How investors keep track of their investments with addy, if investments are locked in or liquid, how taxes work on the platform, GP & LP structures, how many properties are on addy, and if there have been any project defaults.
→ How developers get on addy, public vs private issuance, how much can expect to be rais…

😲 Invest in Real Estate with $1 with addy 😲

addy allows you to invest as little as $1 into real estate so that anybody can do it and there are no financial barriers for anybody.

You can decide how much of your investment you put into each opportunity. Put it all in one bucket, split it, however you choose.

You can decide if $5,000 is good for you, or $5 is good for you.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

Episode 59: Matt and Taylor are joined by Will Pigott. Will is currently an Associate Director and Team Lead at Scotiabank from Kelowna, BC, who will be transitioning into a Commercial Realtor in the summer of 2024. Will has spent the last 7 years covering Northern BC and the Okanagan as a Commercial Banker, and will be looking to leverage this experience and network connections to serve his clients.
 
Will is here to discuss:
→ The changes to the Basel Framework (international regulatory standards for banks) after the latest financial crisis in 2023 and how that affects a lenders ability to distribute their capital.
→ Why banks are trying to use promotions and lower rates to entice customers into multiple products.
→ And the differences in financing a commercial or residential property.
 
Will Pigott's Instagram: https://www.instagram.com/wpigott/
Will Pigott's LinkedIn: https://www.linkedin.com/in/will-pigott-16a35263/
***

OUR SPONSOR
The Kelowna Real Estate Podcast is brought to y…

The Bank's Biggest Priority Right Now

... is relationships.

A customer used to benefit from having their "eggs" spread around to different baskets.

Now, it may be more beneficial for a customer to have all off their eggs at one bank.

Subscribe to the Kelowna Real Estate Podcast on your favorite podcast platform.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

Episode 60: Matt and Taylor are joined by Ben Stewart. Ben is the Founder of Quails' Gate Winery from West Kelowna, BC, who's been in the wine business for almost 45 years. Born and raised in West Kelowna, Ben has also been MLA Kelowna West since 2018, and is a Transportation & Infrastructure Critic in the BC legislative assembly.
 
Ben is here to discuss:
→ How the bad weather events are impacting the wineries in the Okanagan and the future of wineries in the region.
→ The wine and beer war happening between BC and Alberta. 
→ The legislation changes happening with BC real estate and the importance of getting involved in your community and holding governments accountable.
 
Quail's Gate Winery Website: https://www.quailsgate.com
Ben Stewart's Instagram: https://www.instagram.com/benstewartmla/
Ben Stewart's LinkedIn: https://www.linkedin.com/in/ben-stewart-7b701287/
***

OUR SPONSOR
The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in…

Full Episode Here: https://youtu.be/N-TSgTXH1Sc

Episode 76: Matt and Taylor are joined by Wade Webb. Wade is the Broker/Owner at Royal Lepage Kelowna from Kelowna, BC, who's been in the real estate industry for over 30 years. In 2004, Wade founded AgentsBoost.com, which offers a complementary blend of professional and personal coaching for real estate professionals to fuel their success. Wade is also the author of "The Lazy Realtor", which goes into great detail on all the main components required to start, grow, and maintain a recession proof real estate empire.

Wade is here to discuss:
→ Why he loves the current market, how to become a top producer, how to work with better clients, and why we need to get back to the fundamentals: the relationships & human behaviour business.
→ The current Kelowna stand-off between buyers and sellers, why the Kelowna market won't "correct", when the best time is to buy real estate, and what real estate to invest in right now.
→ The importance of fi…

😬 The Hot Market Failed New Realtors 😬

From 2021-2023, the market was something we've never seen before and likely will never see again.

Realtors that started in those years didn't have a chance to learn anything about the business because the market was so hot.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

📉 Get the Lowest Mortgage Rate Every Year 😮

Taylor shares a step-by-step guide on how to get the lowest mortgage rate year after year!

Subscribe to the Kelowna Real Estate Podcast on YouTube and your favorite podcast platform.

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

😳 How You're Killing Your Career 😳

There's only 20% of agents that CAN do what 80% of agents WON'T do.

When being coached by Wade, many agents are not willing to do the things he is suggesting that will boost their careers.

This is killing their careers!

#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna

Episode 76: Matt and Taylor are joined by Wade Webb. Wade is the Broker/Owner at Royal Lepage Kelowna from Kelowna, BC, who's been in the real estate industry for over 30 years. In 2004, Wade founded AgentsBoost.com, which offers a complementary blend of professional and personal coaching for real estate professionals to fuel their success. Wade is also the author of "The Lazy Realtor", which goes into great detail on all the main components required to start, grow, and maintain a recession proof real estate empire.

Wade is here to discuss:
→ Why he loves the current market, how to become a top producer, how to work with better clients, and why we need to get back to the fundamentals: the relationships & human behaviour business.
→ The current Kelowna stand-off between buyers and sellers, why the Kelowna market won't "correct", when the best time is to buy real estate, and what real estate to invest in right now.
→ The importance of finding the right brokerage, what we can learn from…

Episode 61: Matt and Taylor are joined by Brendon Ogmundson. Brendon is the Chief Economist at BCREA (BC Real Estate Association) from Vancouver, BC, who's specializes in housing market analysis and macroeconomic forecasting, and is a member of the BC Ministry of Finance’s Economic Forecast Council. Brendon was also recently named one of the most influential economists in BC by Business in Vancouver.
 
Brendon is here to discuss:
→ The recent rate hold by the Bank of Canada (BoC), projections for the remainder of 2024, and if he would cut rates right now if given the power.
→ How the US affects our rates, what's happening with fixed rates, and how the unemployment rate is calculated.
→ The impact of federal and provincial policy changes to short-term rentals and flipping, the housing shortage, and the uncharacteristic struggling of the Okanagan housing market in quarter one.
 
Brendon's 1st Appearance in Episode 35: https://KelownaRealEstate.podbean.com/e/35-brendon-ogmundson/
 
BCREA…

Episode 62: Matt and Taylor are joined by Chad MacTavish and Megan Michaluk. Chad, the CEO, and Megan, the Director of Business Development, both bring over 15 years of real estate experience to the Ace Project Marketing Group in Kelowna, BC. The Ace Project Marketing Group are industry experts delivering sales and marketing strategies for real estate across BC.
 
Chad and Megan are here to discuss:
→ How Ace continues to grow, their value adds, and partnership with Oakwyn Realty.
→ Affordability vs amenities, the positive of ski resort areas, and strata fee changes to try and push builds.
→ Focusing on pre-construction over resales, their success with the capital raise program and developer partners, and the tallest tower in the interior BC, Water Street by the Park
 
Ace Project Marketing Group Website: https://www.theacepmg.com/
Ace Project Marketing Group Instagram: https://www.instagram.com/aceprojectmarketing/
Ace Project Marketing Group LinkedIn: https://www.linkedin.com/compan…

📄 Kelowna OCP Needs an Infrastructure Review 🔍

The BC provincial densification plan is not the right move. We have an affordability crisis, not just a housing crisis.

Kelowna is a very desirable place to live but we don't have lots of land, meaning our land costs are starting to sky rocket, which is also greatly impacting affodability.

#podcast #mortgages #mortgagebroker #realtor #realestate #kelowna

🤝 The Easiest Way to Build Referral Partners 🤝

Max Carbone built his consulting practice around golf - a hobby he has had for many years.

Max would sponsor a hole at a charity golf tournament, and go to the tournament where CEOs and VPs are likely to be. He'd play a game and bet them to raise money for charity, and he'd give them a copy of his book.

A few weeks later, he'd get calls from those that he played golf with, resulting in more referral partners.

Subscribe to the Kelowna Real Estate Podcast on your favorite podcast platform.
#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna