Time To Panic ? Toronto Real Estate sales down 29% to Start Spring

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The views presented in this content are exclusively those of Matt Sloan and do not reflect the positions of Royal LePage or the TRREB. These opinions should not be interpreted as guidance or as forming an agency relationship. Before acting on any information from these videos, it's advisable to seek counsel from a qualified professional. This message does not aim to disrupt any current agency agreements and should not be considered as financial advice.

[@Mattsloanrealestate]

To learn more or if you have questions feel free to book an appointment with me at your convenience 👇🏻
calendly.com/mattsloan

[@martinrev8487]

For condos, yes, it is time to panic. Especially if you are competing in the luxury unit space as those are really starting to see price cuts. Maybe hold on if you have a cheaper entry-level/smaller unit if it is paid off or if you have a good tenant and positive cashflow as an LL.
For detached homes, not quite (they are hanging in), but that said, if you have a life event or change coming your way (e.g., empty nest, retirement, move, end of job contract), why wait?
Get the house sold and rent until you can get that condo you want to downsize to (or upsize with a luxury unit starting to fall) for cheap.
If you are a seller, it is time to get aggressive/strategic (cash out with a plan to get back in the market at a better/cheaper time).

[@Mattsloanrealestate]

Appreciate the thought out comment!

[@Rebecca-ev7xi]

Hey Matt , really nice video! I was wondering if I could help you edit your videos and also make highly engaging shorts out of them.

[@fkturdo]

Looking at the oil filter wrench... yep, good day for a tune up....LMAO!!!!!!!!!!

[@Mattsloanrealestate]

LOL

[@roncgc8428]

Canadian household debt is at $ 3 trillion. It's already too late.

[@frankledger4716]

not enough for working people needing 80% drop then maybe people can survive.

[@Mattsloanrealestate]

I agree, homeownership is not easy. I think there may be too many people coming into the GTA each year for that type of correction though.

[@gskills]

House of cards

[@dman9416]

Gotta be tough sluggin right now

[@Mattsloanrealestate]

Definitely not easy for alot of people right now.

[@dev4statingx90]

Welcome to 2008 😈😈😈😈