I hit a rough patch in the fall when I was selling my detached house in an established area of Mississauga. We had to take $125K less than asking. But I feel fortunate we were able to get that and I didn't want to hold off for the spring market, which is typically better time to sell. Not so apparently.
To accurately calculate the health of the industry, it would be necessary to calculate the population growth, and how many new properties have been built since 2000. Using those metrics the slowdow would match or exceed any other bust in the last 50+ years.
Hi Vic. Any reason why the Calgary market is proving to be an exception since Fall of 2023? I know you're in Ontario but wondering if you have any "inside information" on why only 1 market is on fire while the rest are stagnating or decreasing. :)
Its the cheapest market even though the proces are being pushed up now but the perception is still there. So people and investors are flocking there to get in the market as a last resort
@@sugadre123 Cheapest? No effing way. Detached homes are averaging $800K. If you want a decent home in a decent location, that's close to $900K. Aren't you better off buying in Hamilton or somewhere else in the GTA for these prices? At least, you have nicer weather and a robust economy/jobs out in the GTA.
I hit a rough patch in the fall when I was selling my detached house in an established area of Mississauga. We had to take $125K less than asking. But I feel fortunate we were able to get that and I didn't want to hold off for the spring market, which is typically better time to sell. Not so apparently.
To accurately calculate the health of the industry, it would be necessary to calculate the population growth, and how many new properties have been built since 2000. Using those metrics the slowdow would match or exceed any other bust in the last 50+ years.
You’re correct
What what!! The Tik Tok realtors said it was time to buy buy buy! I guess the sellers have to wait for fall and rates should be cut in half by then.
Lol
Tik tok are the best adviser on the planet ...
I have been with ya since 30 subscribers I believe, definitely joined you when under 100. Great Work - good job!
Yes I remember. Thanks for your support
congrats on 5K! Also, I remember I used to comment on your graphics lol but now I gotta say, they're cleannnn. Well done man!
Yes I remember ;) thanks for the advice
Toronto has the worste bed bug problem in north america. No way should people move to that third world city.
Ratio the sales to the population when comparing to historic. It paints an even worse picture.
True that
Good point
Would never buy anything in Brampton
Hi Vic. Any reason why the Calgary market is proving to be an exception since Fall of 2023? I know you're in Ontario but wondering if you have any "inside information" on why only 1 market is on fire while the rest are stagnating or decreasing. :)
Its the cheapest market even though the proces are being pushed up now but the perception is still there. So people and investors are flocking there to get in the market as a last resort
@@sugadre123 Cheapest? No effing way. Detached homes are averaging $800K. If you want a decent home in a decent location, that's close to $900K. Aren't you better off buying in Hamilton or somewhere else in the GTA for these prices? At least, you have nicer weather and a robust economy/jobs out in the GTA.
Woohoo! Perhaps a housing recovery (in which prices actually DECLINE) is on the horizon.
Great content thanks
Thanks 🙏
bc toronto is becoming like california keep voting liberal lol
Another clickbait video hahahhahahahahah