Hey Tom, where's your studio suite episode? Steve's rocked today except his studio example is in Whalley. I'd rather have a studio a couple of blocks from the seawall
Houses it really depends on the area and price range. Your clearly focused on the east side where demand exceeds supply. Not so on the west side at ll. Weird market
I don't agree with you that having an offer date is a bad strategy. I recently put an offer for a house in Newmarket that had the asking price of $1299000. They got 5 offers. I wasn't the winner, and the house was sold for $1458000.
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 are waiting for the price to drop.
Just a tip for landlords. Never ever rent out your real estate to people with children or pets. It’s far better to rent out each room individually to working professionals or students for $1000 per room. They don’t have full control over the unit so you will have way less problems.
@@DummMoney-rr1fiI have experience working with both families and single students. My experience is students are far less hassle. Families with children will cause far more wear and tear. I had to repaint my whole basement because the kids put hand prints and scratches everywhere.
Great advice...
You get the comments title and Steve always wins the subs contest
Hey Tom, where's your studio suite episode? Steve's rocked today except his studio example is in Whalley. I'd rather have a studio a couple of blocks from the seawall
Offer dates give you exposure even if the condo doesnt sell... Thats the reasoning
I understand why. In hot market, we use this strategy a lot. It’s just not very successful right now for condos.
Houses it really depends on the area and price range. Your clearly focused on the east side where demand exceeds supply. Not so on the west side at ll. Weird market
I don't agree with you that having an offer date is a bad strategy. I recently put an offer for a house in Newmarket that had the asking price of $1299000. They got 5 offers. I wasn't the winner, and the house was sold for $1458000.
It still works for homes. My comments were about condos.
Jesus. A million and a half to live in Newmarket?! #regrets.
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 are waiting for the price to drop.
Just a tip for landlords. Never ever rent out your real estate to people with children or pets. It’s far better to rent out each room individually to working professionals or students for $1000 per room. They don’t have full control over the unit so you will have way less problems.
It's a very good model, but families are very low maintenance. Student rentals are high turnover and high management
@@DummMoney-rr1fiI have experience working with both families and single students. My experience is students are far less hassle. Families with children will cause far more wear and tear. I had to repaint my whole basement because the kids put hand prints and scratches everywhere.