What drop in home sales means for GTA housing market
HTML-код
- Опубликовано: 5 дек 2017
- For the first time since 2009, housing prices in the GTA have dropped. Adrian Ghobrial with what experts say about the resiliency of the market, and whether or not this is a sign of a market correction. Visit: toronto.citynews.ca/
Follow us on Twitter: / citynews
Like us on Facebook: / citynewstoronto
Follow us on Instagram: / citynewstoronto
What do real estate agents know about economics? Clearly nothing. Homes will continue to decline. People are just in too much debt.
Sure interview the wolves about how safe the sheep are!
One of the worst news... shame on you. The quality of true journalism is dropping by daily. 👎🏽
Shameful to produce this kind of videos at this point. Market is crashing and you are trying to make people buy.
Yeah, a lot of people will try and "catch the falling knife". With GTA housing, and the leverage involved, the knife is very sharp!!
that is so wrong it depends on location , if the lender is an A or B lender. It is trying to pump up a dying market for real estate gain .
The problem is threefold. 1) rising rates 2) tightening lending criteria 3) higher carrying costs (relative to income) than any time in the past 35 years (since RBC has been tabulating). This is why people are no longer buying detached - they can't afford it!
It wont last long lol. Theres no way they can balance the supply and demand
Are you aware of the supply / demand dynamics in many US regions before their crash? Supply and demand can often both change (on a dime) when a market reverses. Investors don't like to buy falling.