What Episode did we cover This Week?
This week we had two podcast episodes and both were a very interesting ones! The first one is the podcast with probably a well known Netflix show - June Motel.
Several Key Takeaways: How Renovating Motels on Netflix Changed These Entrepreneurs Lives
1. April Brown and Sarah Sklash the host of June Motel appeared on our show and discussed their journey working in absolutely different fields to becoming a business partner
2. Despite the challenges, having a business partner with a different perspective was beneficial due to having a shared values and common visions which helped make decisions efficiently.
3. The Netflix series brought significant exposure and opportunities, leading to increased recognition and business growth.
4. A core passion to transforming motels into unique experiences led them to take on such a major projects
5. The duo's ability to envision the potential of the motel and their willingness to renovate it played a crucial role in their success as they tackled renovations, starting with one room as a prototype and gradually replicating the design across multiple rooms.
6. The decision to expand their business to Sable Beach was driven by a combination of factors, including the charm of the motel, the appeal of the location, and the growth potential of the area while staying attuned to the emerging trends.
Listen on Apple Podcasts:
Our second Podcast episode was a review on the CMHC Canadian Housing Report.
Several Key Takeaways: Which Major Cities Are Building the Most Housing
While population growth drives demand for housing, supply must keep pace to maintain affordability. The gap between supply and demand is critical for the real estate market's bullish case.
A third of all homes under construction were purpose-built rentals which is greater than those built for any other purposes.
Construction times vary significantly by dwelling type, with apartments taking the longest. In 2023, the average construction times were 10.7 months for single-detached, 10.7 months for semi-detached, 12.8 months for row houses, and a staggering 22.7 months for apartments.
Various government measures, such as the new Multi-Unit Mortgage Loan Insurance Program and the expansion of Canada Mortgage Bonds, aim to stimulate rental housing construction.
There are concerns about the high cost associated with these measures, particularly in maintaining low mortgage rates.
The CMHC Report outlines several key plans to fix housing
Listen on Apple Podcasts:
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