Prices are just a seller's wish...if you want a lower price...negotiate...now is the time!

Fuck real estate leeches

Olivia chow is evil🤮☠️👺

600k+ for a condo 😢 no thanks

Simple, crisp and clear advice..

Has to be listed below market value unfortunately that's the reality

what's the average price of a 2 bedroom condo in downtown?

Tom, Pride week is coming up in Vancouver, I hear you have quite the following. You and Steve would look great in the Parade

you should do a video on why condos are way worse than freehodl SFH!! I owned a condo from 2021 to 2024...never again

Just sold my 1 bedroom condo for 100k loss! Bought in 2019

Umm, simple, SET THE LOW

sold mine in 3 weeks, priced 10% below market price, in very good condition

2. ways to sell your condo: 1. Price below market 2. Reduce price if it is not selling

The hyper bubble is looking bad. 400 sq/ft coffin apartments was a bad idea and then people buying them for 700k plus was insane. FOMO and easy lending by the bank sent people running for easy money and now everything is returning to a normal value and these tiny apartments have no value to anyone but a speculator who now sees it dropping in value. I would expect things to drop a lot as no one wants to catch a falling knife and the buyers will sit on the sidelines through some major drops.

Real estate roosters are coming home...... good luck out there.

Dont be shy Tommy , cut those price by 20% still !! There is no hope

Lower the price. And maybe then it may sell.

depression is here?

Great video, Tom! As always.

if Tom says condos wont go up this year, they will probably go up this year.

So are condos like...affordable now? Or are people asking for batshit crazy prices that are 1% lower than the previous batshit crazy price and lamenting how tragic this is?

I have bad news. I was safety in construction. Man we built some real junk but it didn't matter. No one lived there. The foreigners bought them and flipped them. Wow the banks are sitting on some mind boggling loses. They were built to last 10 years. My buddy a master carpenter was embarrassed. They cut every corner knowing it didn't matter.

So all these people able to buy property, in an economy where the majority of people have been screwed out of the market, are upset that they have to sell off they're second investment properties they bought to exploit the airbnb market? Shockingly when you make investments you are not guaranteed a return!!!! That's called an investment!!!!

We need rent control for all units like in Quebec.

How is the real estate market now in the GTA? Is it a good time to buy? Great detailed video btw.

Let's see how the kids of those rich Boomer investors are going to deal with their portfolios...

Minsky moment has been on the horizon for at least 10 years but not yet lol .. need some more investor debt/income ratios to go up lol took a decade or so in China too

Broken new records crash would be much worse.. real estate needs reforms

LTB issues play a roll in this too

I like your name and your video. Cool Cool

2022?

I would go back with an amendment and ask the sellers for a lower price based on comparables. If the sellers has bought another property potentially they will listen.

dog house has betrer building materials

I found your channel recently . I’m currently in the market as a first time home buyer and I find your videos very informative. You’ve earned a sub 👍🏽

Prices going up on low volume means sellers don't want to sell they think its worth more.. That could be a sign of another bull run if the buyers take it. The central bank is never going to be able to lower interest rates for a long time. lmao

Investor are all pulling money out of the GTA . Nobody pays their rent anymore. Then they’re stuck in this long legal battle, trying to get tenants out of the home they own.

I check the listings daily and it's crazy that prices remain steady. So frustrating.

Would it help if they got rid of, or lowered the stress test?

I wondering if corporations who are buying up swaths of single family homes, only to rent them for profits shouldn’t be allowed. Maybe just maybe this condo market will manufacture some “affordability”. We shall see.!

In 2034. You will miss 2024 prices

Condo crash coming? 🥶

I’ve watched my wife do over 2000 real estate transactions she never believed in preconstruction or condos why buy that when you can buy a semi

People think about it. 600 sq ft a garage basically for 600k and 1000 a month maintenance fees . You live in a apartment but pay 600k for the right then loose your shirt trying to dump it. Just r 4:22 ent a apartment no bs and move when ever. Condo is the big sucker deals now

I agree that prices have gone up significantly but the same people who want the houses to go down will also want it to go up once they're in the market. How many home owners want their property/investment keep dropping in value that they worked so hard to get?

Because before houses sold under corrupt Mortgages broker , still have a lot people want to buy now but can’t get the mortgages

I think these condo sellers believe that the past few years is the new paradigm and once rates drop a quarter point this summer all the pentup demand are going to rush in and drive prices back if not more. lol. What idiot the sellers are. lol again

Greed !!!!

Could you explain, in more depth, what mortgage insurance entails? What is it? What does it cover? Thanks so much for all the information in this video!

Bying a one million property in a country where bank dont offer any fixed rate mortgages and where the economy is in sharp decline with high interest rates is mental.you buy a house today , after 3 years the bank of canada raise the interest and boom ,now you cant afford paying your mortgage and the bank confiscate your property 😂😂😂😂😂

Sellers have yet to realize that they bought at a ridiculous top 😂