3 Toronto Real Estate Market Predictions for 2024

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Күн бұрын

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Toronto Real Estate Market 2024 Predictions: What to Expect!
Timestamps:
00:00 Introduction
00:15 Prediction #1: Out of the Bottom
04:28 Prediction #2: The Year of End Users
06:08 Prediction #3: Landlord Market Continues
07:30 Conclusion and How to Stay Informed
🔍 Prediction #1: Out of the Bottom
Explore the past 2 years' data on detached homes and condos, analyzing sales volume and average prices. Witness the market's resilience, the impact of rate hikes, and the potential for recovery in 2024 with anticipated rate cuts.
📈 Prediction #2: The Year of End Users
Discover why 2024 is expected to be the year of end users. Uncover insights into investor behaviour, the momentum of end users in the market, and the projected role of the resale market in leading the way to recovery.
🏠 Prediction #3: Landlord Market Continues
Delve into the dynamics of the rental market despite a record number of condo completions in 2023. Understand why the landlord's market is expected to persist in 2024, driven by strong rental demand and the continuation of immigration trends.
🌟 Stay informed and ahead of the curve by subscribing to our channel! We'll keep you updated on the evolving real estate landscape throughout the year. If you're considering your next move or have specific questions about the Toronto market, schedule a call with us using the link below.
📞 Schedule a call with Dan to discuss your specific situation and gain personalized insights into the Toronto real estate market. Don't miss out on valuable information that can help you make informed decisions in 2024!
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Пікірлер: 26

@julianb1474 5 ай бұрын

You ended with a comment about the leasing outlook. Given the current stories about tenants who "know their rights" and the massive and growing backlog of cases before the Landlord and Tenant board, I'd like to see you do a piece specifically on leasing and what you can do to protect owners from abusive tenants.

@Lifeisapartydresslikeit 5 ай бұрын

I know how to fix bad tenants. Stop renting to them. I have amazing tenants now but I’m no longer going to be renting - same with my colleagues - housing is about to get worse!!! These tenants know what they are doing. Good luck!!

@tronguyet6473 5 ай бұрын

Let them be homelessness

@sanharibtoma7652 5 ай бұрын

Keep your videos coming and thanks again for the important information love the passion you give about your work.

@eddybigdata8794 5 ай бұрын

Thanks for the insights Dan!

@Carolinapetroska 5 ай бұрын

You are very optimistic ! I think prices will fall even more throughout 2024 .

@NotTooExtreme 5 ай бұрын

Exactly, and the dummies still can't figure it out. 😂

@stephenn88 5 ай бұрын

Are you going in and wipe the floor?😂

@SunnyR-yi9te 5 ай бұрын

Vancouver market please ????/

@randomstuffman01 5 ай бұрын

Like Kreskin. Thanks.

@NotTooExtreme 5 ай бұрын

Hold on a second, what recovery are you talking about? Recovery from what? The home inflated prices has to go back to affordable range than the rates may start going down. The rate probably will go to double digits before anything.

@user-kv4kp4co1r 5 ай бұрын

Here are the predictions # 1: there are no greater fools, # 2: real estate Ponzi is over, # 3: get a new new carrier, a..hole.

@NotTooExtreme 5 ай бұрын

That's exactly what I predict as well. 😂

@oacy16 5 ай бұрын

My prediction: Rates will not be cut for a whole year. The central bank bailed out major banks with 10 billion dollars for a liquidity problems due to unpaid mortgages. The politicians want us to loose houses to bring real estate prices down. They rather keep banks afloat with taxpayers money than help ordinary people pay their mortgages. Prices will go down significantly but still will be out of reach for majority of people. But major investment funds will be buying the vacant properties for cheap to control the rental market.

@Lifeisapartydresslikeit 5 ай бұрын

Everyone knows rates will be cut this year

@Lifeisapartydresslikeit 5 ай бұрын

The government cannot allow people to lose their homes. Imagine what would happen to the banks? Let’s be realistic please

@Kaiser580 5 ай бұрын

@@Lifeisapartydresslikeit That’s exactly what the government wants . This is a power grab , they want to buy bankrupt people out through their Reits , corporate investors etc . There will be no ending to this until independent people go bankrupt. With Covid they targeted small businesses, Now their targeting all the so called entrepreneurs like realtors, Flippers , small landlords etc . Your so naïve to think that the government cares about their citizens.

@Carolinapetroska 5 ай бұрын

I hope you are right!

@NotTooExtreme 5 ай бұрын

@@Lifeisapartydresslikeit😂 keep dreaming

@tomacml5741 5 ай бұрын

This guy has no clue, mortgage renewal in 2024 is peanut compared to 2025 and 2026. Collapse just about to start. 2025 and 2026 is the supernova mortgage renewal at a much higher mortgage cost. The worst is yet to coming yet he keeps on talking about recovering. He keeping on saying about 1 bed condo (buy,buy like no tomorrow); one bed condo is a toy for single guy not for family. The pain is long way from over, proceed cautiously if you take his advise.

@cityguy6854 5 ай бұрын

I know this guy’s track record. During four years I’ve been listening to him, his forecasts, good or bad, have been quite accurate. What’s your track record in forecasting TO RE market? Can you share what you have been saying, if anything at all, about real estate during the same four years and how accurate your past predictions were? Once you have disclosed your forecasts and their accuracy, then you can feel free to criticize the guy.

@tomacml5741 5 ай бұрын

@@cityguy6854 People got killed follow this condo man, people buy condo assignment got absolutely killed following his advise. For him, everything is up till he can't speak no more, and how accurate is on this front. HAHA.

@stephenn88 5 ай бұрын

@@tomacml5741instead of following someone on KZfaq , how about taking responsibility for your life?

@supramk3105 5 ай бұрын

Your numbers were pretty accurate regarding the price of detached homes in 905 area I dont know much about condo market or 416 area i always bought detached houses in peel region, lets hope they lower the interest rates so people can afford their homes and real estate market recovers from the hit it got for almost 2 years now

@NotTooExtreme 5 ай бұрын

Why would boc lower the interest rates? So people can afford to buy homes? How long have you lived in canada? Lowering the interest rates will make the home prices go higher in about few years the cheapest home price will be 3 million. Even with a 0% a house hold income will still not be able to afford the 3 million home. There is a reason boc have increased the rates and that's to correct the overdue sky rocketed home prices. Nothing had been corrected yet. The average home price will drop down by at least 50% so people can start affording them again.