05.22.2024 / GTA housing market

What RE/MAX Canada’s President Knows About the Housing Crisis That You Don’t

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Housing Crisis in Toronto: Insights from RE/MAX Canada's President on the Market's Future

If you’re wondering what’s happening in the real estate market and where things are headed, you’re in for a treat. We’re excited to share insights from Christopher Alexander, President of RE/MAX Canada. And guess what? We’re hosting a podcast with him soon to dive even deeper into these hot topics. Stay tuned for more details on that!

Now, let’s get into it.

The Man Behind the Market

Christopher Alexander is no stranger to real estate. His journey with RE/MAX Canada began long before he took the helm in 2021. It all started in his teens when he worked as a janitor at his parents’ brokerage. Yes, you read that right – the president of RE/MAX Canada started by cleaning up around the office. This humble beginning is just one reason why his perspective on the market is so grounded and relatable.

His roots in real estate run deep. His grandfather brought the RE/MAX brand to Canada in 1981, and his parents both had significant roles in the company. Christopher’s career path has seen him grow from answering phones and doing accounting tasks to becoming a franchise consultant, and eventually stepping into the role of president.

What’s the Deal with the GTA Market?

Alexander recently sat down with us to share his thoughts on the housing market. Here are some key takeaways:

Expect a Hot Market: Despite what you might be hearing about crashes, Alexander believes the GTA market is set to heat up again. With interest rates expected to come down, consumer confidence is bouncing back, which means more activity in the market.

Supply and Demand Woes: The big issue? There’s just not enough housing to meet demand. Years of record immigration and slow project approvals have created a perfect storm. Fixing this requires a cohesive national housing strategy involving all levels of government.

Affordability Challenges: It’s tough out there for average income families trying to buy homes, especially in Toronto. Alexander emphasizes the need for policies that support the development of affordable housing and the importance of getting into the market, even if it means starting smaller.

Looking Ahead

The future of the GTA housing market looks promising, but it’s clear that significant changes are needed to address ongoing challenges. Alexander is optimistic, noting that 75% of Canadians still believe in the long-term benefits of owning real estate. However, he also highlights the need for balanced development across the country to ease the pressure on markets like Ontario and British Columbia.

Don’t Miss Our Upcoming Podcast!

We’re thrilled to announce that Christopher Alexander will be joining us on our podcast soon. We’ll be diving deeper into these topics and more, giving you the chance to hear directly from one of the top voices in Canadian real estate. Mark your calendars and stay tuned for more details – you won’t want to miss this!

In the meantime, whether you’re buying, selling, or just keeping an eye on the market, remember that staying informed is key. And who better to learn from than someone who’s seen the industry from the ground up?

Stay connected with us for more updates, and don’t forget to join the conversation about the GTA housing market. We’re here to help you navigate these exciting times.

For more details on our podcast event with Christopher Alexander, visit Master the Market with RE/MAX Leaders. We can’t wait to see you there!

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