Real Collective Podcast

This week on the REAL Collective Podcast, Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) discuss recent changes to Ottawa's development fees on new homes. They explain how these fees can impact those purchasing new homes, and what you can do to avoid an unexpected increase to the purchase price of your home at closing. In the second half they get into story time. Kyle shares details on a recent refinancing deal in which he saved his client $897/month in cash flow. Sean shares a story about a recent waterfront property that his team sold and how an appraisal can be a powerful tool when determining property value. If you are considering buying, selling, investing, or refinancing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #realcollective #podcast #ottawa Intro (0:00) City of Ottawa – Changes Development Fees for New Homes (4:49) A look at the million-dollar house – the cost of development (6:55) The By-law stops May 22nd – development fees are increasing (11:26) Builder APS – review to see if there is a cap on Development Fees. (12:10) What about affordability? (13:00) The complexity of the system (14:20) How do you marry a capitalist and socialist philosophy? (15:55) REAL Collective Marketing (17:55) Second half (18:28) Big win for Kyle’s client - $897 a month savings in cash flow! (18:48) The question is – can I live without it? (22:07) Client bought a new build house last week – no cap on dev fees (24:16) Listing story about a waterfront acreage we recently sold (24:38) The power of an appraisal (27:06) Outro (30:05)

This week on the REAL Collective Podcast, Sean Tasse (Broker), and Kyle Miller (Mortgage Agent) discuss the benefits of hiring local when it comes to a real estate agent, or a mortgage professional. Our hosts share some horror stories and examples where hiring a local professional would have resulted in a better outcome for the client and discuss what to consider when hiring a professional! If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #realcollective #podcast #ottawa Intro (0:00) Benefit of hiring a local professional (2:35) The intricacies of representing both sides (4:40) Continuing with topic at hand (11:15) The issue of a Toronto agent promoting Richmond as a suburb of Ottawa (13:09) Being honest about where your expertise lies (16:25) REAL Collective Marketing (17:38) Second half (18:11) The importance of hiring a professional local mortgage agent (18:32) Move your ego out of the way and do what’s best for your clients (21:00) Story about a sale in Sean’s neighbourhood – east end pricing applied to west end property – was it ultimately under priced? (23:05) What about the data? (27:00) Another story on the opposite spectrum of value – ultimately overpriced? Outro (32:55)

This week our hosts delve into market trends for buyers in today's market. Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) begin the episode by discussing a recent chart on the current housing supply deficit in Canada. (Click here to view the chart: https://drive.google.com/file/d/1baufQ4tYgr_2SR6Pt9JzGxRg8wJMY-7a/view?usp=sharing) This is the ratio of growth in working-age population to housing starts in Canada. Although the government has recently been focusing on building more homes faster, in Q1 of 2024, this number hit a new record. What does this mean for buyers in Canada, and what will happen with the pent up demand? Our hosts discuss! In the second half Sean and Kyle share some recent behind the scenes stories to highlight what's currently happening in the market for buyers and investors. The market is picking up and multiple offers are common-place for well priced properties. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #realcollective #podcast #ottawa #buyers #investors Intro (0:00) Housing Supply Ratio - Number of housing starts vs number of working age people in Canada (2:25) Q1 has hit the highest number ever (4:24) What will happen when buyers leave the sidelines? (6:35) Getting stuck on the optics and stories (8:13) Big-time pent-up demand (9:20) Is it more important to look good or own your home? (12:44) The impact of Supply vs Demand (15:10) Is there an increasing investor market? (15:30) New by-law against reno-victions being discussed (16:05) Why nobody’s winning right now (17:50) REAL Collective Marketing (18:50) Second half (19:25) Behind the scenes (19:55) Sean’s investor client story (20:11) An investment deal that may not be right for one client, may be right for another (25:42) A couple more deals behind the scenes (31:04) Things are picking up in the market (32:50) The cream of the crop buyers are coming out (33:30) Multiple offers are coming in and they are competitive (34:40) Outro (35:45)

We're getting political on S11E4 of the REAL Collective Podcast. Sean and Kyle begin the episode talking about some changes for first time home buyers. If you are buying for the first time and it's a new build, you will be able to get a 30 year insured mortgage. Our hosts explain how the application of this rule to a resale property could lead to a domino effect. They move on to explain the changes to Capital Gains Taxes and talk about the issues with the current system. They are concerned that it is turning many of us into a me vs we mentality when all we really want to be are good neighbours and friends. This holistic look at the latest political landscape and how it applies to real estate in Canada is an important watch. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To watch the video that Sean mentions regarding the NAR Settlement "Is The End Of Buyer Representation Near?" with Steve Tabrizi and David Dunbar, visit: https://www.youtube.com/live/uJRhlDxucUI?si=tORZwgj4CSgRZibQ To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #realcollective #podcast #ottawa Intro (0:00) Getting a little bit political (1:53) What’s happening this week in Canadian Politics (3:20) First time buyers can now get a 30-year insured mortgage on a new build (3:45) Why allowing first time homebuyers have a 30 year amortization on resale could have a domino effect (8:10) New governmental regulations with Capital Gains Taxes (10:09) How to pay off your mortgage in 11 years (12:42) The problem isn’t the legislation, the problem is that there aren’t enough houses (15:40) It’s all top down – more discussion needed with those in the field (16:50) REAL Collective Marketing (17:50) Second Half (18:23) Why the recent NAR vs DOJ ruling in the US most likely won’t affect real estate in Canada (18:45) More homes built faster – the issues (20:00) A nationally funded rent to own program (22:54) Is the middle class disappearing? (26:09) We're getting forced into a situation of me vs we (26:57) We all want to be a good neighbour and a good friend (29:00) A happy client story (30:18) The system is not the same as it used to be (31:00) Sean’s neighbourhood baseball tournament (32:00) Outro (33:56)

Hot updates & hilarious tales! this week on S11E3 of the REAL Collective Podcast. Our hosts, Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) begin the episode with some updates from the real estate and mortgage worlds. The recent decision by the Bank of Canada to hold rates stable, along with an explanation on when you should lock in your fixed rates and why. They also discuss the "Cutting Red Tape to Build More Homes Act, 2024" and explain why adoption could be weak and slow throughout the various industries associated with real estate in Canada. In the second half Kyle shares a private lending story and explains some of the extra costs and caveats that could come along with these deals. Sean shares a couple of stories in the field, and at the end of this episode you may find yourself splitting a gut. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #realcollective #podcast #ottawa Intro (0:00) Real Estate and Mortgage World Updates Recent BOC Announcement (1:27) When should you lock in your fixed rate? (3:10) Cutting Red Tape to Build More Homes Act, 2024 (5:58) Why adoption may be weak (7:23) 30-year amortization for first time buyers for new builds (10:43) How does this affect buying power? (12:20) New RRSP updates for first time home buyers (12:40) Doing the math of buying vs renting (13:38) REAL Collective Marketing (16:23) Second half (16:55) Kyle private lending story – make sure you read the fine print! (17:27) Sean’s personal blanket mortgage story (20:00) Kyle’s personal story about his parent’s mortgage (20:30) Sean’s story about showing the house across the street (21:06) Sean’s very first showing preview – it’s a doozy (27:39)

This week Sean Tasse (Broker), and Kyle Miller (Mortgage Agent) are talking about closing dates, bridge financing, & a crazy new home builder deal! Our hosts kick off the episode discussing the basics about closing dates and then get into some tips that you may not have considered. They talk about what scenarios to avoid, which dates and times to avoid, and the importance of actually being present and in town when your property closes. They also dig into some important information about bridge financing. In the second half, Sean shares a steal of a deal he helped negotiate for his client who had their eyes set on a brand new home. The home builder was already offering a great deal, but Sean saw the opportunity to negotiate further after looking at the market numbers and navigated his client through the process, snatching up the best deal possible. If you're looking for a deal like this one - be sure to reach out to Sean Tasse ([email protected]) to learn more. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To watch the April Fools prank that Rose played on Sean (as discussed), visit: https://youtube.com/shorts/RguC71mPAWY To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #ottawa #realestate #podcast #realcollective #deal #bridge #financing #closing #dates Intro (0:00) We’re talking about closing dates (1:33) What does “closing” mean and some tips (2:08) What is bridge financing? (3:50) Buying homes for cash (5:45) More about bridge financing – the grey areas and possible solutions (7:20) What to avoid when it comes to closing dates (9:04) The importance of being present for closing (10:27) REAL Collective Marketing (15:15) Second half (15:50) A brand new build for 25% off the posted price! (17:20) The market’s the market (22:18) The difference when you are buying new (23:40) Some banks park an approval which can be beneficial (25:25) Sometimes the timing is ideal (26:57) The Edge Report (27:57) Outro (31:55)

Could a recent US settlement have an effect on Canadian real estate? In this episode of the REAL Collective Podcast, Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) break down the possibilities. In the first half Sean and Kyle briefly discuss a tale of two markets (those that are priced right versus those that are overpriced). They then move on to the recent landmark settlement that was announced last month and how similar cases are happening here in Canada with the Toronto Real Estate Board. They explain the crux of the issue (the Competition Act and Commissions) specifically buyer's side commissions. They talk about what could happen down the line and how this could be difficult with the current mortgage structure here in Canada. In the second half our hosts discuss three hot money topics that have been in the news recently. 1. Bare Trust and the CRA 2. A Renter's Bill of Rights 3. OSFI looking to put a limit on loan to income ratio If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages #ottawa #realestate #podcast #realcollective Intro (0:00) If it’s priced right, it’ll sell (1:10) A tale of two markets (2:35) What we’re talking about this week (4:09) Lawsuit being filed against the Toronto Real Estate Board (5:11) This is all coming to a head in the US – what does that mean? (7:00) What does that mean to the buyer’s agent? (7:45) Why would this extra cost be difficult to roll into a Canadian Mortgage? (8:11) Discount buyer agents (10:44) Explaining value propositions now with TRESA (13:45) The dangers of oversimplifying the buying and selling process (14:08) Real Estate is a long-standing profession (16:26) REAL Collective Marketing (17:45) Second half (18:28) Three hot money topics 1. Bare Trust and the CRA (18:48) 2. Renter’s Bill of Rights (23:37) 3. OSFI looking at putting a limit on loan to income ratio (30:17) Outro (34:00)

This week, our hosts are discussing ways to protect your home: don't let It get sold out from under you! In the first half Sean and Kyle discuss the spring market, along with some some pros and cons to mortgage programs that offer better rates in exchange for less flexibility. Kyle points out why it is so important to work with a mortgage professional that explains the small print in these types of scenarios. He moves on to discuss that the big banks have both posted rates and discounted rates that are available to consumers. In the second half our hosts chat about ways to protect yourself from your home getting sold out from under you. They talk about spousal consent and some of the intricacies involved with separating from a spouse. Fraud is also a topic of conversation, and the best ways to protect yourself. They explains some worse case scenarios and how you can avoid them. Sean also explains some FINTRAC requirements for real estate agents and how this can help protect the consumer from fraud. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca #ottawa #realestate #podcast #realcollective Intro (0:00) The Spring market is here (1:22) A mortgage program where you can buy now and get a better rate – advantages and disadvantages (2:35) Big banks have 2 rates - the posted rate and discounted rate (5:55) Flexibility vs Cost with mortgages (9:01) Don’t let someone sell your house from under you (11:40) REAL Collective Marketing (14:00) Second half (14:30) Selling a matrimonial home and spousal consent (14:58) Difficult to get a mortgage without a separation agreement (18:36) How title insurance can protect you (21:45) Chicago title (25:45) FINTRAC (28:25) Outro (31:49)

Is Bill 23 a Game-Changer for Investors? In S10E12 of the REAL Collective Podcast, Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) are explaining what Bill 23 "The More Homes Built Faster Act" is all about, defining some key concepts, and digging into the pros and cons. They discuss how this could be tremendously lucrative for investors with the right approach. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To watch S7E5 "Wealth Building Secrets" with Christina Pentlichuk & Stef Edwards all about Cash Damming and the Smith Maneuver, visit: https://youtu.be/2yzIwjiQNcI To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca #realcollective #podcast #ottawa #realestate #canada Intro (0:00) Well priced properties are selling quickly (2:24) Buyers seem to be coming off the sidelines (4:50) Average days on market (6:00) Listing strategies based on individual needs (6:50) We’re talking about Bill 23 (8:10) Cash Damming and the Smith Maneuver (9:20) Bill 23 Explained (10:07) What are investors looking for now with this bill? (11:30) ADU and SDU defined (12:55) The cash flow benefits (13:45) City of Ottawa is going up instead of wide (14:05) Kyle’s story on mentality with home resale (15:20) REAL Collective Marketing (17:30) Second half (18:06) Bill 23 from a financial perspective (18:40) Why doesn’t the bank use the income approach to value property? (23:20) 3 Ways to Value a Property (23:45) The bank’s perspective is usually ‘you’re going to fail’ (24:22) Issues with bank appraisals in the past for SDUs (25:10) There will be pros and cons (28:50) Outro (30:10)

We're talking about some hot topics: BOC, Home Buyer Incentive Cancelled, Property Taxes and some predatory lending practices. Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) kick off S10E11 with a Bank of Canada update and discussion on the latest announcement to hold the rate steady. Kyle discusses what this means to those looking to buy or invest right now and our hosts talk about what could be coming down the pipe. They move on to talk about Canada's first-time homebuyer incentive program cancellation by the CMHC. In the second half our hosts break down what's going to be coming up with property taxes in Ottawa. They explain how the re-assessment costs will be phased in for homeowners and how the mill rate is determined. Sean also speaks about his personal experience with a city appraiser. Next they dive into a recent news article involving predatory lending practices. They point out what to watch out for and how schemes like this work typically and how to avoid them. If you are considering buying, selling, or investing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective! To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/ Are you buying or selling? Book a meeting with Sean or Kyle today! Sean: https://calendly.com/seanrealcollective Kyle: https://calendly.com/kmmortgage/phone-connect You can also follow us here: Instagram: https://www.instagram.com/real.collective.inc Facebook: https://www.facebook.com/realcollective.ca TikTok: https://www.tiktok.com/@realcollective LinkedIn: https://www.linkedin.com/company/real-collective-inc Website: https://www.realcollective.ca #realcollective #podcast #ottawa #realestate #canada Intro (0:00) March 6 BOC announcement (2:36) What’s interesting about these announcements (3:14) Speculation on what’s coming by the end of the year (4:35) The importance of doing the math (6:24) Are most people doing fixed rate mortgages? (8:41) Riding the variable rates down? (10:20) Overnight rate does not mean fixed rates (11:25) As fixed rates drop, your penalty increases (12:03) CMHC: First-time homebuyer incentive program discontinued (12:45) Real Collective Marketing Promo (17:40) Second Half (18:29) Property taxes are about to be re-assessed with MPAC (19:30) An example of phasing it in (20:10) About the mill rate for the city of Ottawa (21:00) Sean’s experience with a city appraiser (25:16) Predatory Lending article – a house of cards (26:12) Relicensing program for Mortgage Agents (30:03) Outro (33:56)