What to Expect in 2024 from 4 Savy Investors

The Very Real Estate Effect Investing in Quebec

In this episode, Axel reunites with real estate experts Stephanie Kowalew, Alexander Rossi, and Uriel Bigot to discuss the challenges of this year, focusing on rising interest rates, negotiation hurdles, and the need for conservative underwriting strategies in a tougher market.

Axel shares his return to fundamental real estate principles and family-focused projects, showcasing the growth of his Saint Jerome venture from sixteen to sixty units.

The discussion touches on the MLI Select program's effects on affordability and housing market dynamics. The experts deliberate on solutions to Canada's housing crisis, advocating for rate reductions, streamlined project approvals, and societal acceptance of smaller housing units. Uriel stresses the need for increased investment returns, reduced costs, and innovation in construction methods, while Alexander envisions potential construction innovations to address costs and functionality.

Looking ahead to 2024, the experts offer forecasts, emphasizing collective efforts in Project 2024 to address the housing crisis. Tune in for insights!

What you will learn if you listen to the episode:

• Insights on real estate investing in 2024.

• Recap of the past year's real estate predictions.

• Experiences and lessons learned in 2022.

• Understanding market adjustments, regulations, and volatility.

• Three phases of market perception and adaptation in 2023.

• Negotiation challenges and policy changes with CMHC and banks.

• Importance of conservative underwriting and focus on fundamentals.

• Impacts of interest rate normalization on the market.

• Multifamily rates and market competitiveness.

• Discussion on the MLI Select Program and its effects on housing.

• Considerations for future refinancing and market evolution.

• Metrics necessary to solve the housing crisis in Canada.

• Addressing financing conditions and bureaucratic hurdles.

• Social acceptance and neighborhood changes in real estate.

• Elements influencing real estate investment: risk, revenue, and cost.

• Balancing housing price increase and affordability for families.

• Innovation and disruptive methods in construction.

• Importance of societal collaboration for real estate solutions.

• Expectations and focus areas for the year 2024 in real estate.

• Predictions about inflation's influence on real estate costs.

• Realistic outlook on the growth of real estate markets.

• Initiatives aimed at contributing to resolving the housing crisis.

• Emphasis on personal investment in learning the real estate process.

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Timestamps

⭐ Guests' intro & 2023-2024 discussion (01:18)

📊 Challenges in 2023: volatility, regulations, rates (03:20)

📈 Impact of higher interest rates on purchases (10:03)

🏠 MLI Select Program's role in housing (13:20)

🛠️ Solving housing crisis: metrics needed (18:51)

💰 Investment influencers & societal acceptance (22:27)

🏗️ Construction innovation & financial incentives (32:37)

🚀 Expectations for 2024 (41:47)

Mentioned resources:

Last Year’s episode: https://www.youtube.com/watch?app=desktop&v=m-qZ0gImvoA

Connect with Axel Monsaingeon:

Linkedin - https://www.linkedin.com/in/axel-monsaingeon-42577b28/

Real Estate Effect Web - https://www.realestateeffect.ca/

Facebook - https://www.facebook.com/realestateeffect/

Instagram - https://www.instagram.com/veryrealestateeffect/

Youtube - https://www.youtube.com/channel/UCc8EYrmO1aVvVIgwT7AfNFw

Connect with Alexander Rossi:

Instagram - https://www.instagram.com/alexrossi6/?hl=en

Connect with Stephanie Kowalew:

Linkedin - https://ca.linkedin.com/in/stephanie-kowalew-59166b59

Connect with Uriel Bigot:

Linkedin - https://www.linkedin.com/in/uriel-bigot-msc-pmp-b-eng-5bb7b041

Instagram - https://www.instagram.com/urielbigot/