Toronto Real Estate: Summer Market Forecast 📉

Рет қаралды 10,256

Күн бұрын

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Video Chapters
00:00 📈 Summer Market Dynamics in Toronto Real Estate
02:04 🏙️ Condo Market Overview
05:09 🏡 Freehold Properties and Rental Market Trends
The seller's market scenario for Freehold properties is expected to continue through summer.
The current state and future expectations of Toronto's rental market, including price trends.
Recommendations on the ideal times for buying and selling real estate, with specific advice for market conditions in August.
The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

Пікірлер: 13

@howy3333 20 күн бұрын

Great advice...

@DummMoney-rr1fi 20 күн бұрын

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

@howy3333 20 күн бұрын

Offer dates give you exposure even if the condo doesnt sell... Thats the reasoning

@TomStorey 20 күн бұрын

I understand why. In hot market, we use this strategy a lot. It’s just not very successful right now for condos.

@DummMoney-rr1fi 20 күн бұрын

You get the comments title and Steve always wins the subs contest

@howy3333 20 күн бұрын

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

@Bykv78 20 күн бұрын

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.

@TomStorey 20 күн бұрын

It still works for homes. My comments were about condos.

@davidhughes6048 19 күн бұрын

Jesus. A million and a half to live in Newmarket?! #regrets.

@ganarama5726 14 күн бұрын

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.

@Observer168 20 күн бұрын

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-rr1fi 20 күн бұрын

It's a very good model, but families are very low maintenance. Student rentals are high turnover and high management

@Observer168 20 күн бұрын

@@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.