Inside the Market: A Conversation with Tom Storey

The housing market in Canada has done some very surprising things
since 2020 and today on
the Sync or Swim Podcast, Tom Storey joins us to share his
thoughts on the market and tell us
all about his podcast, the Tom Storey Show. Tuning in, you’ll
hear all about Tom’s career, why he
decided to start the Tom Storey Show, how condo prices have
changed pre-COVID, why the
rise in purpose-built rentals is only going to continue, and so
much more! Tom stresses the
importance of being educated on the rent-control date and what it
means for landlords before
telling us that renting in the short term may be more beneficial
than buying. He even shares
some advice for first time property buyers, discusses what you
should look for when buying a
property, and discusses his opinions on the housing supply issue.
Lastly, we explore how
secondary markets are going to affect the housing market. You
don’t want to miss this
conversation, so be sure to press play now!



Key Points From This Episode:
• Introducing today’s guest, Tom Storey.
• Tom tells us about his career and what inspired him to start
his real estate podcast.
• The surprising change in condo prices and the kind of stock
that’s moving now.
• Why Tom believes we will see a rise in the building of
purpose-built rentals.
• The importance of understanding what the rent-control date
means.
• What Tom is seeing in terms of new supply coming into the
housing market.
• Why our guest believes that renting for the next two years is
the best option.
• How buyers are making some money back by renting out part of
their properties.
• Tom shares some advice for first-time rental property buyers
just starting out.
• Seasonal changes in the market and what to look out for when
buying property.
• How secondary markets are going to affect housing markets in
the future.
• Tom shares his opinions on the housing supply issues in Canada
right now.