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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!!

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.

⏰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?

⏰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

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 .

⏰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.

⏰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?

PLEASEEEEEEE stop

STOP

Is there an any funds available for this course like OSAP or something else Thanks

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!!

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.

⏰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

Race to the bottom dude. Condos going to get wiped. Let the fun begin.

⏰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

Mainly in America, the UK system for example , does not require any cash deposits towards the seller directly , it is all done through solicitors.

oh stop repeating the same tired old story....we have ''heard it all before''

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

⏰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

Love the videos!! There is about to be better deals soon....recession is around the corner

⏰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 ?

Are they actually waiting or not able to afford without rate cuts, with an unaffordable real estate market, something needs to change

⏰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.

I define slow as slow. Exactly whats happening now. Scammers get verified finally.

Great video, unfortunately we have an affordability issue that has to be solved

⏰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

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.

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.

NOPE 😂

Lol so funny. Nothing is selling right now.....

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.

I’m on work permit Can I get license?