{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"","title":"Buying a second property? What to know first","description":"

More Canadians are considering a second property, purchasing with family, or using real estate to build long-term wealth. But in a more complex market, the right opportunity often depends on more than location or timing.

 

In this episode of Smart Advice, Carissa Lucreziano sits down with real estate investor and TV host Scott McGillivray to discuss what Canadians should think through before making a move. They explore the shift toward turnkey homes, the realities of co-purchasing, and the ongoing costs and planning considerations that can shape a property decision over time.

 

If you’re weighing a vacation property, rental income, or a shared purchase with family or friends, this episode offers practical perspectives to help you ask better questions and make more informed decisions.


About Scott McGillivray


Scott McGillivray is an entrepreneur, investor, television personality and one of Canada's most recognized voices in real estate. For more than two decades, he has helped Canadians navigate homeownership, renovation and property investing through his television series, educational platforms and businesses.

 

He is best known as the host and executive producer of Income Property, as well as Scott's Vacation House Rules and Renovation Resort. Throughout his career, Scott has focused on helping Canadians build long-term wealth through strategic real estate decisions and practical investing advice.

Visit Scott McGillivray’s website here.


Resources Mentioned / Links List


●    CIBC's \"Smart Advice\" Podcast and Website - Website | Apple Podcasts | Spotify

●    Visit CIBC for more Smart Advice


3 Reasons Why You Should Listen to This Episode


  1. Learn Scott  McGillivray’ss preparing or purchasing framework for navigating today's market
  2. Discover the hidden costs and conversations Canadians often overlook before buying a property
  3. Understand which real estate trends are worth pursuing and which ones may create expensive lessons


Enjoyed this Episode?


If you did, be sure to subscribe and share it with your friends!

Canadians are exploring more ways than ever to enter the real estate market, whether that's buying a second property, investing with family or considering new ownership models. But successful real estate investing isn't about chasing trends. It's about understanding your goals, creating a plan and making decisions that support your long-term financial future.

Have any questions? You can connect with me on LinkedIn, or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.



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