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Michael Duggal
Канада
Добавлен 15 мар 2016
If you're seeking real estate information for the Greater Toronto Area, you are at the right place! Michael Duggal will help you nagivate through the market and take advantage, whether you are a buyer or seller. Michael has been actively selling homes since 2013. Further, he's achieved heights as the top 1% of agents, #1 listing agent, top 30 under 30 at RE/MAX, top 0.1% influencers at eXp Realty, and more!
Michael does respond to every comment on the channel, so be sure to share your thoughts and questions. We really appreciate your support.
The Michael Duggal group has a mission to improve the experience of buying and selling real estate by cultivating a spirit of world class service, skilled-analysis, and sound real estate advice. We will not bend the truth to make a sale, as we are dedicated to the development of long-term client relationships.
Continuous education has been critical for Michael, in order to improve the buying and selling experience for prospective clients.
Michael does respond to every comment on the channel, so be sure to share your thoughts and questions. We really appreciate your support.
The Michael Duggal group has a mission to improve the experience of buying and selling real estate by cultivating a spirit of world class service, skilled-analysis, and sound real estate advice. We will not bend the truth to make a sale, as we are dedicated to the development of long-term client relationships.
Continuous education has been critical for Michael, in order to improve the buying and selling experience for prospective clients.
Hold Off On Buying In Toronto? (Shocking Realtor Advice)
Major changes have recently taken place in the Greater Toronto Area! The months of inventory is up significantly, and our average price is down. Does this make it the best time to buy? We will look at the data together, analyze trends, and go over some key considerations to account for; so you can be best informed as a buyer or seller in the current marketplace.
🗓 Book a 1-on-1 eXp educational call with Michael on Zoom: calendly.com/michaelduggal/30-minute-meeting
📞 Contact Michael, whether it’s about buying or selling, or learning about eXp Realty: Direct: 416-671-5218 Email: michael@mduggal.com
Instagram: michaelduggaltoronto
💻 Video Course: coachingrealestate.teachable.co...
🗓 Book a 1-on-1 eXp educational call with Michael on Zoom: calendly.com/michaelduggal/30-minute-meeting
📞 Contact Michael, whether it’s about buying or selling, or learning about eXp Realty: Direct: 416-671-5218 Email: michael@mduggal.com
Instagram: michaelduggaltoronto
💻 Video Course: coachingrealestate.teachable.co...
Просмотров: 244
Видео
Unspoken Differences: 2024 vs. 2023 Toronto Real Estate
Просмотров 23921 день назад
Though the interest rates remain high, our average price has been steady throughout the past year, Toronto and it's surrounding areas have seen changes across important factors such as; days on market, construction, the rental market, and more. As well, investors are questioning whether purchasing in the Greater Toronto Area makes sense with these current market conditions. Learn about the buyi...
Can You Believe These Home Prices? July Listings Skyrocket!
Просмотров 51128 дней назад
5,391 home sales were reported in July 2024, a 3.3% increase from last year, with new listings up by 18.5% to 16,296. Prices saw a slight year-over-year dip, with the average selling price at $1,106,617, down 0.9%. On a monthly basis, prices edged up slightly from June. Join me as I dive into these numbers and share insights on how increasing inventory and affordable mortgage payments might aff...
Toronto's Real Estate Decline: How to Survive the Downturn
Просмотров 594Месяц назад
In this video, I dive deep into the current challenges facing Toronto's real estate market, including the struggling condo sector and the tough rental market. Despite these hurdles, there are still opportunities to be found in the Greater Toronto Area. Join me, Michael Duggal, as I share insights and strategies to navigate this complex landscape and uncover the hidden potential in today's marke...
5 Reasons Why Our Market Isn't Changing!
Просмотров 295Месяц назад
The number of listings is the highest we've seen in a decade, and new construction home sales are at a record low. What has to happen for our market to see improvements? The interest rates, market perception, supply of housing, buyer demand, and more can contribute to our average price and number of sales increasing. Find out how to better predict what will take place in the Greater Toronto Mar...
Toronto Real Estate Crisis: Most Listings in a Decade
Просмотров 413Месяц назад
Michael Duggal delves into three predictions for Toronto's real estate market, factoring in the current shifts in market conditions. With interest rates dropping, inventory surging to over 20,000 listings, and home sales down. what does the future hold for homeowners and buyers? With a current backdrop of declining home sales, reduced average prices, and a surge in listings, I'll examine how th...
3 Predictions In Toronto's Real Estate Market
Просмотров 4852 месяца назад
Michael Duggal delves into three predictions for Toronto's real estate market, factoring in the current shifts in market conditions. With interest rates dropping, inventory surging to over 20,000 listings, and home sales down. what does the future hold for homeowners and buyers? With a current backdrop of declining home sales, reduced average prices, and a surge in listings, I'll examine how th...
Toronto's Real Estate Market Is Broken (Rates Drop, Inventory Surges)
Просмотров 3722 месяца назад
Toronto's Real Estate Market Is Broken (Rates Drop, Inventory Surges)
Toronto's Market Collapse (Is A Crash Coming?)
Просмотров 2493 месяца назад
Toronto's Market Collapse (Is A Crash Coming?)
Finding Toronto's Cheapest Homes (SHOCKING DEALS!)
Просмотров 1903 месяца назад
Finding Toronto's Cheapest Homes (SHOCKING DEALS!)
Shocking BMO Survey: 72% Of Buyers Are Waiting?
Просмотров 2423 месяца назад
Shocking BMO Survey: 72% Of Buyers Are Waiting?
Toronto's Bizarre Spring Market (Should You Wait?)
Просмотров 3064 месяца назад
Toronto's Bizarre Spring Market (Should You Wait?)
TORONTO HOME PRICES COULD DOUBLE! (Analysis Suggests)
Просмотров 7484 месяца назад
TORONTO HOME PRICES COULD DOUBLE! (Analysis Suggests)
Toronto Real Estate Is Now More Expensive Than New York?
Просмотров 2044 месяца назад
Toronto Real Estate Is Now More Expensive Than New York?
Greater Toronto Area Prices Are Flat
Просмотров 1495 месяцев назад
Greater Toronto Area Prices Are Flat
Calgary vs. Toronto Real Estate (Which Is Better, In 2024?)
Просмотров 6365 месяцев назад
Calgary vs. Toronto Real Estate (Which Is Better, In 2024?)
Toronto Real Estate Market Is Up! Are Bidding Wars Happening?
Просмотров 4465 месяцев назад
Toronto Real Estate Market Is Up! Are Bidding Wars Happening?
Why Are Multiple Offers In The Greater Toronto Area?
Просмотров 1806 месяцев назад
Why Are Multiple Offers In The Greater Toronto Area?
How To Do An Assignment Sale In Ontario In 2024
Просмотров 1,2 тыс.6 месяцев назад
How To Do An Assignment Sale In Ontario In 2024
Signs Of Toronto Market Recovering Too Fast! (BUYERS BE CAUTIOUS!)
Просмотров 3306 месяцев назад
Signs Of Toronto Market Recovering Too Fast! (BUYERS BE CAUTIOUS!)
Toronto Property Taxes Jump 10%+ ! (How It Will Change The Market)
Просмотров 1557 месяцев назад
Toronto Property Taxes Jump 10% ! (How It Will Change The Market)
What $1 Million and $500,000 Buys You In Toronto
Просмотров 1157 месяцев назад
What $1 Million and $500,000 Buys You In Toronto
2024 Toronto Real Estate Predictions - Your Predictions Are WRONG!
Просмотров 3127 месяцев назад
2024 Toronto Real Estate Predictions - Your Predictions Are WRONG!
Power Of Sales Are Up & Buyers With Mortgage Defaults Through The Year
Просмотров 3098 месяцев назад
Power Of Sales Are Up & Buyers With Mortgage Defaults Through The Year
Toronto Sales Hit 20 Year Low (My Predictions Were Wrong!)
Просмотров 2968 месяцев назад
Toronto Sales Hit 20 Year Low (My Predictions Were Wrong!)
No Interest Rate Cut In Sight In Toronto's Real Estate Market?
Просмотров 2588 месяцев назад
No Interest Rate Cut In Sight In Toronto's Real Estate Market?
Bank Of Canada Keeps Rates The Same. Are Prices Up Or Down In Toronto?
Просмотров 4838 месяцев назад
Bank Of Canada Keeps Rates The Same. Are Prices Up Or Down In Toronto?
What You Thought About The Market Was Wrong!
Просмотров 1669 месяцев назад
What You Thought About The Market Was Wrong!
It's amazing how the same pundits who are tearing their hair out over the low birth rates in Canada and the U.S. don't seem to be able to draw a connection between this and the shortage of affordable housing.
Great Info and Video as always. I still feel that 99% of real estate agents don't understand the economic impact of what is actually going on. However on the basic real estate level...great stuff
Great video! And let's not forget that the capital gain tax you have to pay to the Government. And this was just increased as well!!
Thank you! Right! It’s unbelievable and it seems expenses/taxes are only going to continue increasing:(
As always love your videos! So much great insight and information. The biggest issue is we are in an economic lead decline, which we have not seen in a long time. This type of real estate market has not been seen since the 90's. What happened in 2017 was a policy change, not economic.
Great feedback, thanks!
⏰TIMESTAMPS⏰ 00:00 Introduction 00:45 Average Price By Property Type 01:32 Average Days On Market 03:04 New Listings - Monthly With Three Previous Years For Comparison
Cool!
How do you complete Form 150 if it's a distress sale?..original is 800k and assignment price is only 700k?
They are selling at a loss. Distress sale is subjective I suppose, most people assigning properties in 2024 are selling at a loss. You are to insert the numbers there as usual. I hope that's helpful!
⏰TIMESTAMPS⏰ 00:00 Introduction 00:48 GTA Numbers 2023-2024 03:16 Average Price By Property Type 03:33 5-Year Historical Average Price
Condos should not be part of the numbers
Hi! Why not?
I have lived in Toronto all my life and I am disgusted at the small units that have flooded the condo market. I think the best bang for your buck are the condos that were built 20 or 30 years ago. Condos like 25 Esplanade , The Summit, etc, etc...yeah they are a bit out-dated but at least your couch is not facing the kitchen sink .
thanks for sharing this!
⏰TIMESTAMPS⏰ 00:00 Introduction 01:18 Where Single-Family Home Prices Have Risen The Most So Far This Year 03:35 Factors Affecting The Number Of Listings 04:44 GTA Average Prices 2023 VS 2024
😂they flood you flood
Hi FOMO Pumper ⛽⛽⛽⛽⛽⛽⛽. Ponzi scheme is over. It's time for the lazy realtors to burn some calories and make videos about ''If I had a client as a realtor, I Would...", videos.
This made me laugh, thank you!
@@michaelduggal8983 ⛽ harder..
⏰TIMESTAMPS⏰ 00:00 Introduction 01:45 Effect Of Increase In Housing Demand 03:11 Spring To Summer Price Changes 04:19 Effect Of Inflation
Great video! What happens to the the realtors commission agreement that was signed with the builder if the APS gets assigned to another buyer? Does the Assignor will have to pay a % to the new assignee?
Hi! The realtor would still be paid but this is dependent on the commission structure and arrangement. It’s a difficult question because it depends, but very often, builders and parties go after commissions that were paid to a realtor, for one reason or another
@@michaelduggal8983 understood!. Thank you for the insights!
PLEASEEEEEEE stop
STOP
Hi friend! What would you like me to stop?
Is there an any funds available for this course like OSAP or something else Thanks
I don't believe there is. If their is, I'll surely discuss it in a future video!
If you are a buyer and dont care about losing money in the short term...then this is a great time for you!! There is nothing with looking more at the qualitative then the quantitative!!
Opps Nothing wrong with qualitative over quantitative....also great info once again!!
Well said, thank you!
Bank of Canada should not cut the rates anymore. The only way to bring the real estate down is to keep the rates above 6%. If the home prices are down then the interest rates won't impact the affordability. The main problem is that people/investors are buying houses as how they buy stocks and now they crying about affordability. The interest rate increase will not affect anyone if the average house prices drop to $500,000 instead of $1,000,000. The bank should keep increasing the rates to keep the speculative buyers out of the market. Buyers should not get into the market now and wait till the prices drop further.
Thanks for sharing!
⏰TIMESTAMPS⏰ 00:00 Introduction 00:29 GTA Numbers 2023-2024 02:08 Average Price By Property Type 02:55 5-Year Historical Average Price
1st
Congratulations
Race to the bottom dude. Condos going to get wiped. Let the fun begin.
really? thanks for sharing
@@michaelduggal8983 I don’t see how it can go any other way. Conservatively 100k new condos coming in line in the next 3 years that were bought at 1500-2000 a foot when the market will be half that before you know it. The inventory is shoe box sized and no one wants to live there. Don’t be surprised if there is calls for the City/Province/ or Feds to buy these things. Just imagine homeless people going in 600sft 1 million dollar condos bought by the city. lol 😂 what a crap show.
⏰TIMESTAMPS⏰ 00:00 Introduction 00:47 How Will The Average Prices Change? 02:05 Changes In Interest Rates 03:14 GTA Numbers 2023-2024
Great info as always!! Thanks for the video
Thank you!
Mainly in America, the UK system for example , does not require any cash deposits towards the seller directly , it is all done through solicitors.
Right! Thanks for sharing!
oh stop repeating the same tired old story....we have ''heard it all before''
what story ? :D
Great info and video as always!! The rates down, property prices up really does not happen at first
⏰TIMESTAMPS⏰ 00:00 Introduction 01:00 Showing Volume Chart 01:34 GTA Numbers 2023-2024 03:03 5 Year Historical Average Price
Great info as always!!
“You don’t need to pay anything down up front. You just need to pay a bit to get on the seller’s good side”. Lmao next
Mi Michael I am planning to change my brokerage Let me know how you can help
Okay! Let's connect
⏰TIMESTAMPS⏰ 00:00 Introduction 00:27 GTA Numbers 2023-2024 01:46 Average Price By Property Type 02:30 5 Year Historical Average Price
Now I can get my Toronto Real Estate and Nootropic advice from the same guy
LOL! 10/10 customer service!!
Love the videos!! There is about to be better deals soon....recession is around the corner
Really? Yikes !
⏰TIMESTAMPS⏰ 00:00 Introduction 01:03 What $800,000 Buys You In Toronto 02:57 Semi-Detached Bungalow
Glad to come across your video. Thx for the intro to the assignment sales. Due to an unexpected change of circumstances, I’ll have a pre-construction condo to be put up for an assignment sales thru the realtor who sold me the property. Since it’s a condo and there’ll be a Final Closing cost (for example $50K) as per item listed. One thing I’m not clear to me is that as an Assignor (me selling the property), do I have to pay in advance in addition to the original purchase price of the property for this Closing cost or the Assignee will need to pay ?
Please see 7:22 of the video. Go through your original purchase agreement with a lawyer, and ensure that the offer between the assignee and yourself; clearly states who is paying for which of the closing costs. I don't see any reason why you would pay for the closing costs. The assignee usually bears this responsibility. I hope this is helpful!
Are they actually waiting or not able to afford without rate cuts, with an unaffordable real estate market, something needs to change
Probably a bit of both!
⏰TIMESTAMPS⏰ 00:00 Introduction 00:37 BMO Survey: 72% Of Buyers Waiting for Rate Cuts to Buy 02:04 Redefining The Canadian Dream
Yes. Wait. Don’t buy right now.
Share more!
I define slow as slow. Exactly whats happening now. Scammers get verified finally.
Who is scamming who?
@@michaelduggal8983 People who don't want to work scam naive people who believe it's a good idea to buy overpriced crap at the peak of the cycle
Great video, unfortunately we have an affordability issue that has to be solved
Yes it does! What's the solution?
@@michaelduggal8983 Rates & Prices have to come down....unfortunately. The same solution when we had the same affordability issue in the 90's
⏰TIMESTAMPS⏰ 00:00 Introduction 00:24 GTA Numbers 2023-2024 02:56 Average Price By Property Type 03:10 5 Year Historical Average Price
this is how it is right before it gets crazy again
thanks for sharing!
The NASDAQ with all it's technological might barely doubles every 10 years. The financial capital of the world New York city's RE prices went nowhere between for 15 years between 2005 and 2020. Assuming with certainty that Toronto RE prices will double in the next decade is BS. That happened the last decade, but this doesn't mean it will happen in the next. For that to happen we need massive and historically unprecedented economical expansion or a massive devaluation of the Canadian Dollar which will cause massive inflation (Check Argentina, Turkey, Venezuela, Zimbabwe, etc...). RE in developed countries historically appreciate at the rate of 2.5%/year. My advise: Don't count on 8%/year, it's not normal.
great input!
100%. We have a very similar economy to Australia and prices there are nearly double here in Canada. We'll be catching up that over the net 3-5 yrs.
Right! I agree
NOPE 😂
haha, please share why you believe this!
Buyers don't have the money
Lol so funny. Nothing is selling right now.....
Inventory is up, though our average days on market is still only around 30 days!
In the next decade? That’s a lot of time to make that sort of prediction. A lot of regime uncertainty. I’d say in the mid to short term supply will catch up and demand will be tamed. The real estate market in Canada is poisoning our economy. And it’s more exposed than ever. Interest rates ain’t coming down this year. There is no evidence to support that it will. That also goes for the u.s. we wouldnt lower before them as it will adversely affect our dollar. By end of 2024 we will need to see job losses for them to cut. Demands still too high.boc is worried about this. If everyone pools back into the market it’s counter productive to taming inflation. Which is more important for the boc.
How is supply going to meet demand when 500k to 1.2 M immigrants are still being injected into Canada with building permits lagging behind 10 years? Please provide a logical answer.
@@ScruffyWarlord immigration is leaving in droves. They can’t afford to live here. And policies are already hampering the school sector, temporary workers and slum lords oh and capital gains.
@@peej91 and who do you think they will replace those immigrants that are leaving with? More immigrants.
@@ScruffyWarlord lmao you make no sense. Immigration trend is going down now. Mid to long term supply will catch up. Immigration can’t and shouldn’t be used as a selling point for institutional investors hogging homes. The condo market currently is taking a beating now. Whether we have immigrants or not. There is uncertainty in the housing market now.
Valid points, thanks for sharing!
I’m on work permit Can I get license?
I don't believe so.