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Steve Saretsky

πŸ‘€ Speaker
1526 total appearances

Appearances Over Time

Podcast Appearances

The Loonie Hour
The Canadian Economy Slips into Recession

I think Ontario is different.

The Loonie Hour
The Canadian Economy Slips into Recession

So don't quote me on that.

The Loonie Hour
The Canadian Economy Slips into Recession

I only know the BC process.

The Loonie Hour
The Canadian Economy Slips into Recession

Again, I think even Alberta is a little bit different, but like, I just know like it does take time.

The Loonie Hour
The Canadian Economy Slips into Recession

It's not like, Hey, you missed one payment.

The Loonie Hour
The Canadian Economy Slips into Recession

Like you're on the market next week.

The Loonie Hour
The Canadian Economy Slips into Recession

I haven't broken it down, to be honest.

The Loonie Hour
The Canadian Economy Slips into Recession

It's not like, you know, it's not what most people would think, like a sea of like dog crate condos.

The Loonie Hour
The Canadian Economy Slips into Recession

It is like a mix of people just like, hey, I bought too big of a house.

The Loonie Hour
The Canadian Economy Slips into Recession

Like, I can't afford the mortgage payment.

The Loonie Hour
The Canadian Economy Slips into Recession

Um, but yeah, so yeah, it, it takes time, right?

The Loonie Hour
The Canadian Economy Slips into Recession

I mean, usually what happens is like, if you miss a payment, then your lender talks, he says, Hey, you know, how can we get you back on track?

The Loonie Hour
The Canadian Economy Slips into Recession

It's a very long and expensive process.

The Loonie Hour
The Canadian Economy Slips into Recession

So people don't typically want to go like a lender doesn't really want to go to court.

The Loonie Hour
The Canadian Economy Slips into Recession

Um, so you'll try to typically work with the board.

The Loonie Hour
The Canadian Economy Slips into Recession

You have to show the courts that you worked with them.

The Loonie Hour
The Canadian Economy Slips into Recession

And then usually you'll give that person time to say, Hey, okay, you know what?

The Loonie Hour
The Canadian Economy Slips into Recession

You go hire a realtor first and try to sell it yourself.

The Loonie Hour
The Canadian Economy Slips into Recession

And

The Loonie Hour
The Canadian Economy Slips into Recession

Usually what happens is that sale will get dragged out and they're like, okay, you're taking too long to sell, buddy.