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How the 2022 Budget is affecting Real Estate | KT CONFIDENTIAL EP 180

In this episode (#180) of KT Confidential, The Real Estate Podcast, Ariel and Chris talk about how the 2022 Canadien Budget is going to affect the Real estate market. Last week, our federal government presented its budget for 2022, which contained a number of initiatives aimed at addressing housing affordability. Let’s start with the three most visible housing issues: The Housing Accelerator, the First Home Savings Account (FHSA), A Bill of Rights for Home Buyers Fund.

All of that and more on KT Confidential – The Real Estate Podcast.

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Episode Breakdown:

00:00 – Intro
01:06 – Chris’s Journey
07:39 – 2022 Budget
14:22 – Tax-Free First Home Savings Account
17:15 – Banning Foreign Investments
20:14 – Property Flippers
25:08 – Effort to Solve the problem
33:59 – Actual Execution
38:50 – Outro

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Watch the previous episode here

Catch clips and highlights of the show here

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The founders, Ariel Kormendy and Adrian Trott, started The Kormendy Trott Team, a real estate team based out of Halton region in Ontario, after both being in need of a change from their successful careers in the automotive industry and both experiencing the lack of service being provided in the real estate industry. They kicked off their careers in 2011 and quickly became a top-performing team in the country, ranking 17th of approximately 200 for Century 21 in 2017; as a team of just the two, compared to much larger teams. They decided that they needed to take their team from being real estate agents in Milton to the rest of the GTA and beyond by expanding and servicing more areas. The team has since grown to have an administrative arm, media department and successful sales team operating a smooth running and successful business. Follow them on social for behind the scenes info, real estate tips, industry secrets and more.

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