What Buying a Home in Toronto is Like Right Now in 2024

Рет қаралды 3,118

Ай бұрын

What Buying a Home in Toronto is Like Right Now in 2024
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►► There are big differences between buying a home in a seller's market vs buying a home in a buyer's market. In 2024, the Toronto Real Estate Market has been increasingly getting slower and slower. What does this mean for buyers and sellers? The obvious answer in a buyer's market is that buyers will have many demands. We haven't seen a market like this in the Toronto Real Estate Market for a few years now.
In this episode of Prime Properties TV, I talk about what it's like to buy a home in Toronto in 2024. Buying a home in Toronto is completely different from how we were buying homes just 2 months ago in the start of the year. In this episode, I outline the big dynamic shift in how real estate is being bought and sold as we head towards the end of the 2024 spring market for Toronto Real Estate.
#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket
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Пікірлер: 15

@domnicthomas2616 Ай бұрын

I don't think you are a FOMO pumper Zhen. Love your voice, how to present things. Quick question if my house is sold conditional, what should I do to protect my self in case the deal falls through?

@PrimePropertiesTO Ай бұрын

Thanks. It's out of your hands now but just accomodate the buyer for their inspection if that's the condition. If it's financing you just gotta wait.

@parthppatel28 Ай бұрын

Awww.. Realtors aren't trained to work for buyers (who actually pays for everyone by signing an agreement) and are lacking skills to actually work for buyers.. is it the reason that a lot of Realtors are asking for rate cuts? Cause they can't function for buyers? They should be happy that you are able to get good deals for buyers, why are they sad? 😂

@CorporateShill66 Ай бұрын

And this won't last. There will be a rate cut this Wednesday and probably 3 more this year. FOMO/Seller's market is around the corner

@parthppatel28 Ай бұрын

@@CorporateShill66 lol I've seen numerous like you with a CRYSTAL BALL and who don't have a clue about how it works. Rate cuts happen in variable rates, even 4 rate cuts would only bring those variable rates close to fixed and no one is taking variable. Not going to change a single thing in affordability! And you know what? Rates aren't going to cut this Wed

@FrankHuynh Ай бұрын

let the home price drop!

@lennyl6856 Ай бұрын

Zhen: At 8:05 you said “whenever this rate *hike* is happening…in June or July”. I think almost everyone is anxiously awaiting a rate *cut*, except those hoping for a crash in property prices.

@Jo-mf2vu Ай бұрын

Zhen is a prophet. Hike it is.

@PrimePropertiesTO Ай бұрын

I see. I meant cut.

@andrewh35 Ай бұрын

site can't be reached

@robertguay3773 Ай бұрын

as it turns to a balanced market the crap will not sell for any price. the fixer upers will have low prices in a down market as people are afraid of selling when it is done. as prices drop it is like catching a falling knife everyone with half a brain moves back. when it hits bottom look out it will rebound fast as the fence sitters make a move. However we are no where close to bottom still at the top.

@mlee981 Ай бұрын

7th

@user-kv4kp4co1r Ай бұрын

Hi FOMO Pumper, I hope you are enjoying the cool market activity and enjoying burning through your savings each month and enjoying $1000 to $2000 negative cashflow on your rental property each month. No worries more joy is on your way at renewal. Get ready for a second wave of rate hikes.