Jordons the GOAT thats why !

"Hopefully the government will step in and provide more incentives to developers"? Evidence that the market has broken. Incentives are akin to bailouts. They erode trust over time and falsely support broken markets, causing larger future crashes because the market foundations are not organic. TREB, their Realtor army, and their debt pushing mortgage brokers will bury themselves as trust in the industry continues to erode and the aging population all starts selling their family homes. Wait on it. Do not give these people your money, they have sat on the pipeline of your savings with straws inside, sucking your value for too long. Think outside of Toronto. Way outside. That's the path to wealth.

Or money isn't an issue

I called my friends insane at 700 , 800, 1000, 1200

​@@RRRenegade5if you have the money you should be buying existing inventory. Precon only really makes sense if you are short on cash or aren't financeable at the moment. Perfect example is a newly graduated lawyer/doctor who will have a high salary and down-payment in 3 to 5 years but doesn't have a great salary history today.

@@kelvintai1375what about 1600 and 2000?😂

My friend won a bit of money and she's moving to Costa Rica. Why invest iinto this kind of market

And near Jarvis? Ain't that where the crackhead hang out?

Plus they probably have lots of bedbugs…😂

If you want value for money go inland from the Space Coast in Florida 3 bdm 2 bath attached garage 2000 Sq. Ft. Under air on a quarter acres lot city water septic system for around 90k. Plus you have ring side seats for the night launches at Kennedy Space Center. Lots of tech jobs military suppliers semiconductor mfg. Etc.

dont even think thats possible@@unbuzzd

Trudeau

​@@charleson5918 just watch the leveraged underwater mortgages start flooding the market.

whats the maintenance on that property?

@@Stck_verflws it’s now like $1020 monthly

Sorry, $1050, I also under paid for the unit by $80k

@@davidrockefeller2007 Yes, bigger condos have a small price per square foot in any market due to high maint and property tax. The amount you are saving on your mortgage, you are paying with maintenance and property tax. Also, majority of buyers can't afford monthly payments of maint and prop tax over $1000. Hence, I often see larger units slashing prices to sell, especially in a market like this.

@@Stck_verflws My friend saw condo in Missisauga 1550 sq foot maintenance 2100$ .. just crazy

Me too.

So do I. 🙄

It was luck. Sorry.

appreciate that Howard!

Canada on majority currently is not in utilization of the free-market. Majority, they are currently in utilization of a capped market. It's capped by the level of knowledge pertaining to the citizens. The more unknowledgeable the citizens are the more problems occur on the market

Townhouses don’t stack. Even “townhouse style” units stack maybe 6-high? Condos is where the money is at. Why build 24 units when you could build 400? Developers are in it to make a profit, not make comfortable homes.

Depends on location! A former gas station at Dundas and Church sold for $75 million. Price is off of buildable square foot rather than the raw size of the lot

@@GraemeHein Was that the ESSO station at the NE corner of the intersection? That is absolutely insane. When did this happen?

You’ll rent them all to students who will stop paying you, and then you can’t evict them? I may follow suit.

Yes, but a company cannot continue selling at a loss. If they do, they go out of business, so costs set the BASELINE in general. After a certain level of profit, then, and only then, does that supply and demand kick in.

If the cost is too high, the developers won’t be building. This will lead to less supply, which will lead to more demand than there is supply. In turn, leading higher costs. So in a way costs, indirectly influence prices.

Costs absolutely dictate prices in new construction. Resale prices can come down as much as the the market demands.

@@Precondo Prices will go down when the federal and provincial governments get back to building subsidized housing like it used to.

​@jamesbrennenman8671 not a good idea. T

Not 30% overpriced it is 50% overpriced

Pray for a solution. In the Name of King Yeshua

Not true. Sherbourne is bad between Queen and Gerrard

You know nothing about the King/Sherbourne area. Further north, sure...but not the whole street. Sherbourne also goes into Rosedale.

Realtors

When the price is below the cost to build with land free, that is the time to buy

Like everything else, the main culprit is the sheer number of culprits. The snowflake doesn't blame itself for the avalanche

@@BrandonSchleifer Brilliantly said #Wisdom !

Realtors and real estate investors. Both hand in hand. It shows that they lack knowledge on how a healthy market is meant to work

mostly

Big issue is buying something that actually gets built. With these kinds of numbers projects get canceled or developers go bankrupt and sales get canceled.

Everything would be aggregated as long as the compensation increases. As everybody requires a house. But in order for compensation to rise, many will need to get educated on how the economy really works. As a pose to leaning on the knowledge given by the current education system which has proven to be loose for the public and a gain for those who hoard wealth in unjustified domains

what you described is exactly the case - over 1200 resale condos a month selling versus less than half that pre-con

Investing in condos is stupidity. It is merely a place of residence. I understand the relationship between pre construction and liquidity. However to operate on this flaw as a philosophy is unnatural and so puts you in a position of eventual loss, as good as gambling. Because in a healthy economy, everybody is able to afford new homes. Now I know this is a reality many may not have a point of reference to, but with some simple math you too can see this. Right now there is a block in resources, thus all that must be done is to overcome this block at the root so as to never deal with such again. The problem is that many investors choose to deal with the block on a surface level, hoping and betting for a different result. Plus they also regard this block as an opportunity for them to come back into a trade and capitalize again, as they have now become familiar with the cycles. Then some who have done well monetarily speaking, go out and offer courses to invite more to build on this Flimsy philosophy, in turn filling the educational streams with sewage that then comes back onto the economy as toxic sludge. That's when the finger games begin. And ultimately taxes increase cuz nobody in this equation is willing to take responsibility for the mess

Now investing in the development of condos. Completely different field. But for that you must study the demands of the public carefully. The problem in Canada is that demands are not accurately met, it is met just to say 'it's met'. There's seems to be no care for what the buyers are looking for, it shows that much is motivated by monetary profit. As a pose to overall

In London, Paris the transit system is night and day, no? Living 2 hours outside the core is a no-go here.

And because the protected Green Belt around the GTA restricts the rest of it

@@msveevee07ridiculous comment!

Vancouver is worse, were trapped in a bubble.

You have to keep looking further to realize the other issue and that's that southern Ontario is an island. We're surrounded by water, the French language (an economic and social barrier) and northern undeveloped territory that's far from basic services normal people want access to and has worse weather. And southern Ontario is where the majority of Canadians (new and existing) want to live ... So anyone looking to get out of the GTA and move into other areas surrounding it is only contributing to the growing issue plaguing the region.

they want (expect) the 15 min commute to work AND the 50ft frontage with backyard fundamentally disconnected from reality

Unfortunately, you are absolutely right being suspicious. Construction is a very shady industry with a lot of fraud and false reporting. Declaring expensive materials while using the cheapest possible is pretty common.

absolutely what worse is that developers use all these manipulate data to give off a nice sales pitch to the agent and agent thought they know a lot without experiencing it

No, giving you a gift for taking it for free is a real "slashing" 😉 Seriously man, won't you ever realize that nobody is going to hand you anything at their expense? 80% off 😂🤣😂

They would rather rent it to international students, 4 per room, $300 each, packing 12 students in a 2-bedroom apartment. And these 12 students will rent their hallway to 1-2 more students 🤣

Walking is a thing. Transit is a thing. Only morons drive in downtown lmao

Not sure what you have against biking and if your downtown you can literally just walk to most places.