April Market Madness: Real Estate Updates, Mustaches, and a New Pope!

Join Mark and Joey for a lively and eclectic conversation as they dive deep into April's real estate market numbers. From discussing the increase in active listings and the significant drop in sales year over year to sharing their personal favorite food spots and musings on mustaches.

They also bring an interesting twist with a detailed chat about how popes are elected and the significance of the newly elected American pope. As always, Joey provides some great tips for sellers and buyers amidst the current market uncertainty. Don't miss out on their quirky humor and insightful commentary!

CHAPTERS

(00:00) Introduction and Episode Overview

(00:13) Market Update for April

(01:08) Mustaches and Jerseys

(04:10) Pope Culture and Election Process

(10:38) Food Recommendations and Reviews

(16:05) TV Show Discussion: Severance

(20:12) New Listings and Real Estate Talk

(20:51) Exploring a Scenic River Spot

(20:59) Real Estate Market Overview

(22:45) Election Impact on the Market

(23:29) Stock Market and Economic Concerns

(24:49) April Real Estate Numbers

(25:04) Transaction Trends and Insights

(29:01) Active Listings and Inventory

(31:06) Price Trends and Market Sentiment

(32:57) Months of Inventory Analysis

(40:55) Concluding Thoughts and Future Outlook

WHERE WE ATE

Restaurant Name: Tora Sushi

Website: https://www.aburitora.com/

Address: Yorkdale Mall

Restaurant Name:Crudo

Website: https://www.instagram.com/crudo.to/?hl=en

Address: (Royal York and Eglinton) 📍1451 Royal York Rd (At Rear of Building)

FEEDSPOT TOP CANADIAN REALTOR PODCASTS

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FEEDSPOT TOP TORONTO PODCASTS

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WHERE YOU CAN FIND US

🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/

🖥️ INSTAGRAM

Mark Savel: https://www.instagram.com/torontolivings/

Joey Virgilio: https://www.instagram.com/joey_torontolivings/

🎙 MORE EPISODES

https://podcasters.spotify.com/pod/show/toronto-real-estate

Episode 89: The Ultimate Guide to CHIP Reverse Mortgages!

In this episode, Mark and Joey deep dive into the world of reverse mortgages, specifically the CHIP reverse mortgage. They discuss the pros, cons, and unexpected costs of this financial tool, and who it might be best suited for.

Beyond finances, they cover personal updates, including their mustache-growing challenge, recent outings, and activities like trying new sandwich shops and attending Metallica concerts. Plus, they share exciting new real estate opportunities and touch on Toronto's proposed traffic czar solution.

This episode is a blend of financial advice, personal stories, and local happenings—perfect for fans who enjoy a mix of humor and valuable information.

CHAPTERS

(00:00) Introduction and Episode Overview

(01:34) Mustache Talk and Playoff Challenges

(05:43) Sandwich Shop Review and Hockey Game Vibes

(10:09) Metallica Concert Experience

(14:58) Traffic Solutions and City Proposals

(21:08) Reverse Mortgages Explained

(28:03) The Dangers of Big Windfalls

(28:25) Scheduled Advances and Hybrid Options

(28:46) No Monthly Payments: The Big Kicker

(29:17) How Lenders Get Paid Back

(30:20) Pros and Cons of Reverse Mortgages

(38:23) Unexpected Costs and Red Flags

(47:41) Alternatives to Reverse Mortgages

(54:09) Key Considerations and Final Thoughts

Restaurant Name: Ariete e Toro (Aries and Torus)

Website: https://arietetoro.com/

Address: 12 Keewatin Ave. Toronto, Canada M4P 1Y2

Additional Resources

Reverse Mortgages: Government of Canada - https://www.canada.ca/en/financial-consumer-agency/services/mortgages/reverse-mortgages.html?utm_source=chatgpt.com

HomeEquity Bank – Pros and Cons: CHIP - https://www.chip.ca/reverse-mortgage-resources/reverse-mortgage/the-pros-and-cons-of-reverse-mortgages/?utm_source=chatgpt.com

NerdWallet Canada – Reverse Mortgages Explained: NerdWallet: Finance smarter - https://www.nerdwallet.com/ca/mortgages/what-is-a-reverse-mortgage?utm_source=chatgpt.com

The Greater Fool - The Last Resort https://www.greaterfool.ca/2023/02/12/the-last-resort/

FEEDSPOT TOP CANADIAN REALTOR PODCASTS

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FEEDSPOT TOP TORONTO PODCASTS

https://podcast.feedspot.com/toronto_podcasts/

WHERE YOU CAN FIND US🏡

For all your Toronto Real Estate Needs: TorontoLivings.com/🖥️ INSTAGRAM

Mark Savel: https://www.instagram.com/torontolivings/

Joey Virgilio: https://www.instagram.com/joey_torontolivings/

🎙 MORE EPISODES

https://podcasters.spotify.com/pod/show/toronto-real-estate

Election Special: Politics, Real Estate, Taxes, and More! | Episode 88Join Mark and Joey in Episode 88 as they prepare for the upcoming Canadian elections! They dive deep into the political landscape, discussing major topics like real estate, taxes, climate change, and healthcare. The duo breaks down the promises of the Conservative, Liberal, and NDP parties, offering insights into how these policies might impact city life, the housing market, and everyday living. Plus, they share their favorite dining spots this week and introduce a new segment on Amazon finds. Don't miss their special message: Be decisive, not divisive!CHAPTERS (00:00 Introduction and Greetings)(00:06 Podcast Overview and Main Topics)(01:24 Easter Weekend and Real Estate Talk)(01:39 Weekly Catch-Up: Food and Fun)(01:58 Election Talk: Platforms and Debates)(03:55 Deep Dive into Political Platforms)(06:31 Dining Experiences and Recommendations)(10:24 Life Updates and Travel Stories)(13:22 Amazon Finds and Recommendations)(14:51 News You Can Use: Elections and Taxes)(31:44 Landlord-Tenant Dynamics)(32:09 Rent Control Debate)(33:20 Corporate Tax and GST)(34:23 Housing Policies)(37:15 Immigration and Housing Supply)(38:54 Development Incentives)(41:27 NIMBY Fines and Municipalities)(42:07 Liberal Housing Proposals)(46:00 NDP Housing Proposals)(47:43 Climate and Energy Policies)(55:14 Healthcare Policies)(59:16 Gun Control and Border Security)(01:01:58 Media and Culture)(01:04:24 Election Predictions and Final Thoughts)LINKSRestaurant Name: Bao HouseWebsite: https://www.bao-house.ca/Address: 171 Dundas St W.Restaurant Name: And/OreWebsite: https://www.andorerestaurant.com/Address: 1040 Queen St. W Toronto, Ontario. CBC's election platform summary: https://newsinteractives.cbc.ca/features/2025/federal-party-platforms/#federal-2025-border-securityUnlocking the Secret to Canada's Tax-Free Home Savings Account:https://youtu.be/wKoexrSwrn0FEEDSPOT TOP CANADIAN REALTOR PODCASTShttps://podcast.feedspot.com/canadian_realtor_podcasts/FEEDSPOT TOP TORONTO PODCASTShttps://podcast.feedspot.com/toronto_podcasts/WHERE YOU CAN FIND US🏡 For all your Toronto Real Estate Needs: TorontoLivings.com/🖥️ INSTAGRAMMark Savel: https://www.instagram.com/torontolivings/Joey Virgilio: https://www.instagram.com/joey_torontolivings/🎙 MORE EPISODEShttps://podcasters.spotify.com/pod/show/toronto-real-estate