The Last Honest Realtor
Welcome to The Last Honest Realtor, your exclusive, behind-the-scenes pass to the twists and turns of the Toronto real estate market. Hosted by David Fleming of Toronto Realty Group, this podcast offers an unprecedented look behind the curtain, presenting the local real estate scene with a mix of unapologetic honesty and entertaining cynicism.
David doesn’t just talk real estate—he lives it. With years of experience under his belt, he's here to share the unvarnished truth about what it really takes to buy or sell in Toronto. From the big wins to the frustrating pitfalls, get ready for a behind-the-scenes journey that promises both information and entertainment.
Whether you’re a first-time homebuyer, a seasoned investor, or just a real estate enthusiast, David's insights will equip you with the knowledge you need to navigate the market. Expect practical advice on everything from staging and junk removal to listing and making the sale.
Tune in to The Last Honest Realtor and experience Toronto real estate like never before. Be informed, be entertained, and most importantly, be ready to see the industry through the eyes of someone who can handle any challenge the market throws his way.
The Last Honest Realtor
Ep. 59 - Why Haven’t Bank of Canada Interest Rate Cuts Motivated Toronto Buyers?
The Bank of Canada has cut rates again and again, yet sales are sitting at historic lows. Why aren’t buyers taking advantage?
In this episode, David explores the psychology behind today’s frozen market: fear, timing, greed, and the human tendency to wait for the “perfect” time. With illustrations about picking coins off the ground to lessons learned at the blackjack table, this episode digs into why people avoid buying on the way down, but jump in on the way back up, even when it costs them.
In This Episode:
00:00 — Why are lower rates not motivating buyers?
02:12 — Record listings and stalled sales across 2024-2025
06:11 — The “coin on the ground” metaphor and buyer psychology
11:53 — How ultra-low pandemic rates reshaped the market
24:37 — Fear, greed, and why buyers only jump in on the way up
33:37 — Who is buying right now and when the market likely turns
If you’ve been waiting for the “right time” to buy, this episode will challenge the way you think about the market.
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