Show Notes
For many Canadians, real estate is a deeply personal milestone. It’s an investment in the future, and often a building block for wealth. But as we look ahead, a new reality is taking shape. With mortgage renewals on the horizon, economic uncertainty and real estate markets showing varied performance across the provinces, homeowners and buyers alike are facing more complex decisions than ever. Is now the time to look into an investment property, buy, sell or renovate? In this episode of Smart Advice, host Carissa Lucreziano sits down with real estate investment expert, entrepreneur, and television host Scott McGillivray. Known for empowering Canadians through shows like Vacation House Rules and Renovation Resort, Scott brings sharp insight to a timely conversation. Together they explore what’s happening in the 2025 real estate market—from pre-construction drawbacks and cash-flow-positive regions to renovation trends and hidden equity opportunities. Scott's refreshingly candid advice offers both caution and optimism to those looking to make their next move in today’s unpredictable environment. This episode gives you actionable insights to make smarter financial decisions and seize the real estate opportunity others may miss. Here are three reasons why you should listen to this episode: Understand where Canada’s real estate opportunities are strongest in 2025 Learn which renovations offer the highest ROI and how to capitalize on timing and costs. Reflect on how building the right financial team can help you make strategic real estate moves. Resources CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify Visit CIBC for more Smart Advice How to navigate the housing market in 2025 with confidence Vacation House Rules | Website: HGTV Canada - Vacation House Rules Renovation Resort | Website: Renovation Resort Show Episode Highlights [01:46] Examining the Canadian real estate market The Canadian real estate market is shifting due to political and global changes, so investment strategies will also be in flux. Scott McGillivray joins the conversation, highlighting the mixed confidence in the market and the impact of economic uncertainty on mortgage renewals. The delayed spring market and regional differences in real estate trends make for an interesting environment in which to look for an investment property. However, there are still many opportunities in the current market, particularly for first-time home buyers and those looking to upgrade or renovate. [05:28] Entering the condo market for an investment property The condo market may be stagnating, while condo developers also face multiple challenges. New and existing condo markets are not the same; the market is dynamic and affected by changing rates, rules, pricing, immigration, and even government. Existing inventory may perform better in the next few years due to the lack of investor incentives and high development costs. Government policies have the potential to stimulate the condo market, including reducing development fees and taxes on new construction. [10:44] Regional investment opportunities Scott marks Alberta, Saskatchewan, Manitoba, New Brunswick, and Newfoundland as provinces for investors looking for cash flow. For equity investors, Ontario, British Columbia, and Quebec may be provinces where an equity investor might look for an investment property. [11:41] Scott: “Your ticket to getting good deals right now — as long as you know what a good deal really looks like, that doesn't mean just go buy it — but Ontario, British Columbia, Quebec, those are the provinces right now where you see the opportunity.” It’s not enough to have an investment property in these locations; equally critical is understanding the local market and working with professionals. Chasing opportunities tends to be a losing game; Canadians need financial education and preparation to seize opportunities when they arise. [14:24] Renovation trends and cost management Carissa introd
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