Great update! 👍🏼 Turbulent for sure! Inventory can’t be absorbed if people can’t afford to buy .. sure hope they bring a lot of good doctors back here! We sure need them, and not only for helping out with the real estate market!!

good

BOC cut rates to 4.5% but still too high need -0.5% .. banks have to pay me to take a mortgage or real estate prices too high lol

Looks like the news is saying BOC will cut 100 basis points this year. So 25 already and market is pricing in an 85 to 90% chance of another 25 basis points. Then another two. So perhaps next spring will be a bit better for sales. CMHC also doesn’t want house prices to drop 🤷🏾‍♀️

It's now all about population reduction - destroy the family unit, destroy the social contract, destroy the rule of law and diminish peoples confidence in every institution that holds our society together. It isn't hard to see through the BS peddled by the corporate media and their politician lackeys. Pretty soon they will take us to war as a sound economic response to losing control of the plebs.

good to hear, too much greed by so many people... push the mortgage rates back up to 21% like when I had to buy! this will level the field quickly.

Please listen to realtors!!! It has been a flawless financial decision so far, let's see how much worse we can make this.

Sometimes downgrading is more expensive very bad ....why buy into something that is a bad deal in the 1st place? we are not going to bail u out u know stupid banks to be blamed too.

Similar in Vancouver, homes aren't selling.

What makes anyone think that they should get back their money on a property they overpaid for at the height of real estate exuberance

Buying and living in Toronto now makes no cents . For 200k to 700k you can get a nice house in many other national markets with better culture and weather .

An apartment tenant (original name on the lease ) is re renting a 3 bedroom apartment rooms to new filipino comers 3 families have their own bedrooms but share the kitchen and bathroom, making more money than the super would get and using this extra money to help them pay the mortgage on their new house. The original tenant has been there for a long time so their rent is not expensive so they pocket 3000 extra a month for these 3 families in total

Fools rushed in, thinking RE will always go up. Canadian RE is doomed! No skilled immigrants wants to continue to struggle in this economy, if anything they are planning to exit Canadian market and geography completely. It will only get worse for Canada once Trump is in office. Meanwhile while, Canada will continue to import and sell its citizenship to poor 3rd world low skilled immigrants. See what that does for your RE price combined with worsening economy.

EXPERIENCE MATTERS THE MOST THESE DAYS, AS TIMES HAVE CHANGED IN ONTARIO REAL ESTATE MARKET. THIS VIDEO CONTENT IS VERY INFORMATIVE. CONGRATULATIONS FOR THE HARD WORK AND DEDICATION. As projected, interest rates are expected to decrease by more than 0.50% this year, potentially reaching 3.99% or lower for fixed rates. Mortgage rates today are around 4.25% to 4.39% for fixed rates. The market outlook suggests a prolonged, slow market with a soft landing anticipated over the next 6 to 12 months. Beware of the sensationalism from some online real estate commentators on KZfaq, TikTok, Twitter, LinkedIn, and other platforms. These individuals often prioritize their own business interests, aiming to generate buzz, followers, and leads by exploiting current market uncertainties. Like you, I navigate the same economic challenges, including inflation and mortgage rates (currently I have 4.34% on my mortgage). For genuine, insightful analysis of the Ontario real estate market, follow me daily. I provide real content that reflects the true state of the market, helping you make informed decisions. These are just a few insights from my 2024 real estate work. Just leased for only $1800 2 bedroom in Toronto for my tenants clients. Who says, to rent is very expensive? Just purchased a townhouse on Hamilton Mountain for only $544,500. Who says, the housing is very expensive? Purchased Semi-Detached in Barrie: $520,000. Who says, the housing is very expensive? Purchased beautiful condo in Toronto, $730,000 2 Bed 2 bath. Who says you can't find the perfect condo in Toronto? Purchased beautiful bungalow on Hamilton Mountain: just $665,000. Who says is not possible to find the best real estate investment? Sold in just 2 days a beautiful home in Fergus for $800,000. Who says it's not possible to sell very fast a property? Sold a semi-detached in North York for $980,000. Who says that after an unsuccesful sale by other Realtor, I can't sell it for more? Leased a beautiful condo in Vaughan 1 Bedroom for $2200 for my investors clients. If you know how to lease, you can get the most out of it. For Sale: 2021 Built 4 Bedroom 4 Bathroom Double Garage in Lindsay, asking just $819,000. For Sale: 2 Bedroom 2 Bathroom in Kitchener, asking just $429,000. Coming for sale multiple properties in London, Brampton, Toronto, etc. If you are looking to sell or to buy, I am here 24/7. I am a real estate professional, offering outstanding real estate services for my clients based on trust, high education, honesty, and professional experience. If this resonates with you, let's have a conversation. Cristian Enache Ontario Professional REALTOR® Top 1% in Canada Phone: 905-462-8989 www.cristianenache.ca [email protected] #CristianEnache #Realtor #GTARealtor #GTARealestate #RomanianRealtor #OntarioRealtor #LuxuryHomes #LuxuryRealestate #LuxuryRealtor #Romanian #RomanianRealtor #Rightathome #Rightathomerealty

Excellent Video, Zhen!! Too bad so many broke annoying keyboard warriors post here…

I don’t agree with his points. Clearly, interest rates have peaked, and now it’s just a matter of how quickly they will decrease. In the video, he was referring to financially weaker owners. If you can’t afford to hold onto your property, then you have no choice but to sell it. However, if you can manage to keep it, it would be wise to sell it next year when interest rates are expected to be lower. These financially weak owners present a good opportunity for strong buyers. Remember: Opportunities are reserved for those who are prepared.

Only dumb people buy condo

The muppet boiler room condo flipping market is dead 😂😂😂

Let’s be honest… Everyone got greedy. Prices were going up 30% a year. Most made money, the last to enter got screwed.

Kings deal in gold! Rich people deal in currency! Poor people deal in debt!!

Great video - that is the hard truth ppl need to hear.

Everything rate cut is an opportunity for investors to spread FOMO to rally so that they can unload their inventories. But recession is here no matter what the price is end users won't touch RE for now.

Obviously. Who can afford a 1million dollar home. Dumb dumbs keep paying!

If you are new to Canada NOW is the best time to buy the home of your Dreams! 🤣😁

Harper warned you this would happen but you voted for Trudeau anyway so suck it up and enjoy the mess you have created

It's a house of cards. Sellers use their property as a ATM under a HELOC until the property no longer goes up in value.

Here we're talking about dimes and pennies... We should look at the bigger picture, Inflation will be around as long as global geopolitical tensions/conflicts rise and national security remains a priority. Just yesterday, the COSTCO stores started selling "Food /Survival kits" due to the growing fear of WW III. Canada will start spending 2% of its annual GDP on defense as government spending and deficits are set to rise astronomically and that means HIGHER TAXES, HIGHER INFLATION, and cutback on government programs such as housing and social assistance. Bank of Canada is setting the economy for "WAR TIME mode", the BoC priority now, and not mortgage delinquency. The Canadian real estate casino is about to CLOSE for good and those good times for the past 20+ years will NEVER EVER come back again at least in our lifetimes. Realtors, Speculators, House Flippers, Mortgage Brokers, Developers, Investors, and Transnational Organized Criminal Organizations/ money launderers will NEVER see those GOOD DAYS in Canadian real estate again. BoC governor knows something that we, the public don't know, and that would be Geopolitical Instability, HIGH Inflation, and WAR TIME economy.

Haha

If you can't afford it, sell it. Turns out RE doesnt always go up, and money isnt free. Who knew?

These idiots are realizing now which some smart people have been commenting all along. Don't listen to these guys who have next to nothing education in finances. We're going to see depressed market for ATLEAST 5 years and possibly 7 or a decade. If I were in that situation I'd take a small loss now than a bigger later. Don't scare in the name of higher rent, if rents stay higher then there'll be an exodus of people leaving Canada and not coming to Canada.

Correction: Toronto home owners are bleeding the cash they don't even have.

Lmao. Shocked realtor. Give me a break. Everyone with a brain could see this coming. Here is the next heads up. This will be a decade of drops. Minimum As each person takes the next loss. And next one......

u hardly getting any posts... but u can afford to delete a few though lol... unsubbed..

Great video. This reminds of the quote. “The market can remain irrational longer than you can remain solvent.” Or the come to Jesus moment of hey you’re “drinking champagne on a beer budget”

RE KZfaqrs are finally waking up to the reality that the lag effect is real. Some people on here a few months ago were saying that the fact there was little pain was proof that RE was gold. Here comes reality.

don't fool yourselves people the market is tanking this the first wave next the townhomes then so on and so on the market is extremely overvalued don't trust these real estate grifters they're in it for themselves prices are going to fall just wait it out Canada first

Unfortunately Toronto Canada has non-industrial base...

AI doesnt need houses New jobs pay less than old ones These houses have a way to drop This is the last cycle

Purchased mine 9 years ago. Price has more than doubled. Mortgage is being paid 2x over rent. I'm good.

Some good news 😎

The fact that mortgage renewal is a step away which will even worsen the situation. Feel sorry for those who had contributed to this unrealistic bubbled market and now cannot afford to retain their own property. Unfortunately, it is too late and ppl should accept the consequences of their own decisions…

Who could have seen this coming? What a shock. I'm absolutely stunned. Blown away.

Drowning in debt and water

You can put a lump sum payment towards the mortgage and that reduces the monthly payment.

Underwater? Condos are just to break in half like the Titanic and go for the deep dive. Hope ya'll are wearing the Deep Sea JC Rolex. You won't be able to handle the pressure.

For some people the larger challenge will be accepting that they are not as smart as they thought they were.

Toronto cracks down on affordable housing.

I'm in a old Brampton neighborhood that has been completely destroyed by Indian investors buying houses and turning them into roaming houses with at least 10 plus people! My question is why this allowed when everyone knows this happening?

All these are indians and bangladeshis. This country is taken over by INDI ANs. THEY ARE ON A MISSION TO MAKE THIS COUNTRY LIKE CORRUPTED INDIA

know a guy in the asian task force and he says there is over 5000 brothels/massage parlours running out of those houses that they know of. its a way to launder money.