The muppet boiler room flipping market is done! Enjoy bagholders😂

I like your car. 😉 What car is it? Your last strategy (bonus for a buyer's agent) would be a big no for me (as a buyer). Instead of offering a bonus to a buyer's agent, you should be offering a discount to a buyer. 😉

1 mil 💀

like honestly this is a huge no thanks, pay for the height no. and zero room for anything.

Absolutely hilarious watching this in 2024 and hearing “if you’re watching this in a couple years $700k for 300 sq feet could be a bargain.” Spoken like a true real estate agent! Lmao

🔥🔥

Good things are coming in Canada. International students peaked. Temporary workers and residents peaked. Home prices peaked. Rent prices peaked. Mortgage rates peaked. We are on the right track. 100%. I know very well what am I talking here. I am posting daily updates about Canadian real estate market, especially in Ontario, based on true facts and experience. #Canada #Realestate #Realtor #CristianEnache #Ontario

Tech tip. Think about getting into car detailing. You have no idea how far this is going to collapse. 😂

It will sell as long as you price it correctly. Sellers are still delusional. Prices only go up 😂

People need to pay attention. These real estate agents are sales people that’s all they’re trying to sell you something he’s trying to sell you this condo and say you can rent out a room without a window. The place is a box.

This is nuts the buyers make the decision not the agent offer 3%commission then it dosent work in any market

Good presentation, but price is too high at 600k+. Given the building occupants and location, this unit is strictly for investment purposes. Parking is also not included. Assuming rent of 2100 per month less property taxes, insurance, and main fees of 600 per month (208 + 35 + 357), that leaves 1500 per month for mortgage payments. At 4.6% 5 year fixed with a 30 year amortization, that means a 300k mortgage, which implies a 375-400k purchase price, perhaps stretching to 450k depending on your assumptions on rent.

Bubble crash

👌🏾 great presentation

I picked up 3 in the last 90 days at a good valuation and I thank the overvalued sales of 2021, sincerely.

👏

All things being equal I like the 3rd one the best. Nice layout and view to CN tower. I personally think however that the prices still have more adjustments to come as current owners experience the negative cash outflows each month.

Small?... that's European standards.....we're there

i HATE interior bedrooms.

I understand the knob and tube wiring is common in toronto, but i think it definitely should be replaced before selling. I personally would not want to buy a house where i'd need to worry about that potential fire hazard. But then again, i can't afford toronto so maybe i can't say for the actual buyer pool

These condos are insanely expensive. Wow

I actually like the kitchen in the hallway of unit #1. I think it's the most practical. But it's waaaaay too expensive wow

I could absolutely live comfortably in these condos as im desiging a tiny house to live in that is 160 sqft. But I would never pay the price being asked for these. Out of the 3, I think the 2nd one is my fav.

2bed, 2bath, 600 sq.ft = yeah, that's why condos are not selling in Toronto. Building condos of Hong Kong/Singapore size in the second largest country in the world ... It should be illegal to build condos of that config (2bed, 2bath at 600sq.ft) in Canada.

That last place...I'd rather have the extra 200 square feet as living space than as a nearly useless balcony. Why do they build them like this?

Nice video and suite. One thing I find with all hard lofts is because they have lots of hard surfaces, and open Demi-walls, acoustic control can be a bit challenging. Compensate with soft furniture and area rugs where appropriate to suck up the sound bouncing around. But other than that, no denying their appeal. They are very cool and have a tranquil open feeling many standard condos can't touch.

I'll stick with my 1400 sq ft condo in the Beach right on Lake Ontario. It is on the first floor so I have both a garden and a patio facing the lake. It is good to be close to downtown, but have your own 15 minute city.

😂😂😂

here in quebec you can get 2 bedroom with space for 1300 1500 lol

Lol, prices are just starting to go down, still more downside to go.

this might sound dumb, but if you were to play basketball in these type f loft, would your neighbors be disttrnede?

New condo layouts are ridiculous. You don’t get a window inside your bedroom any more. Greedy Developer. They cut all corner people will still buy the unit. The government better control the Housing Supply and Demand. Trudeau is just plain stupid and corrupt

There is widespread thinking that BoC will drop rates in ‘24, and I don’t see that happening until ‘25, and even then you will need a full 2 percentage points to drop for housing appreciation to rebound. You can certainly buy now. However, it seems like 2026-27 is your next opportunity.

did you and Tom Storey get a deal on the same backdrop and plant? honestly not an ounce of Originality...and you all talk like you know it all..no wonder we are in the state of confusion

Sadly, the industry has all these new/young gurus. Factually have limited experience and have only worked in 0% rate enviroment. 1k sq ft, the world is small, expand your criteria. Realtors are part of the issue. Today, they only know fantasy! NEVER BUY SMALL......NEWER BUILDING......LOL...... DUDE.......THE ISSUES IN NEW BUILDS WILL COST YOUR CLIENTS NOTHING BUT MONEY!!!!! THE FEES ALONE WITH NEW CONDOS ALREADY A SECOND MORGAGE! COMPARE MANY OF THE BUILDING THAT HAVE BEEN AROUND FOR DECADES. MANAGED WELL, HEALTHY CONTINGENCY, HEALTHY DEPRECIATION REPORTS. PROVEN TRACK RECORD!! 700K TO 669K...IS NO DEAL........ WOW........THIS CONDUCT WILL REPEAT ITSELF. THE COMMISSION IS YOUR MOTIVATION. NO FIDUCIARY DUTY HERE! SERIOUSLY, i hope I am wrong, but have seen condo prices drop 50%.... RENTS CO.ING DOWN.....YOUR COMPS REFLECT PAST PERFORMANCE NOT THE ROAD AHEAD. THOSE CONDOS WILL NEVER RETURN TO PREVIOUS PRICING. PARTIES OVER YOUNG MAN. HOPEFULLY YOUR OPTIMISM IS REALIZED.

Great video!!

In my humble crystal ball I’d say good time to buy would be Sept 2025-sept 2026. It will go up, 12-15 yes but it will significantly go up. Just my opinion.

P r o m o s m 👍

So, first off, LOVE the video. Super interesting, informative, would love to see more, especially as I’m looking at renting (maaaybe buying a studio) in Toronto. …that being said, I could never, and WOULD never pay over $500k for a Studio. $700k is ludicrous. I know the video was from 2 years ago, so maybe that’s why, but I’m seeing studios in downtown for $350k-$450k now.

lol I was considering an offer in that specific unit @ xo condo. It’s ok for rental but not for a family. IMHO, kitchen was tiny, no parking, view was a bit creepy, affordable housing at sight, area looked a bit rough, and they built the condo around an old BMO bank branch from like 100 years ago with graffiti all over it. Not my cup of tea, but great for invest. There were quality concerns with the building too. I think I got a much better deal in north york area :-)

Tried it....The area I'm looking for a home has NO listings, the other apps have hundreds! What a waste of time!

I realize this is a private residence and all that, but it's very disappointing that in a condo it is inaccessible from the moment you walk in the door, if you are in a wheelchair. Just knocked out a whole group of people right from the beginning. So yeah, not exciting.

What’s the maintenance for this place? Fuck after moving to NYC from Toronto, this seems like a cheap deal for this place 🤣

Half a mill for a fkn shoebox bedroom fk outta here lol.

Wow such a greed hoarding homes like stock commodities instead of homes treated as shelters for families! No wonder new generation canadian bord are living in their parents basement! Greed is their God!

No jobs in Alberta bro…..it’s all oil and crops

Hey! How’s Ika? Hope you guys are doing well. Been investing in Toronto condos for 15 years. Have 2 Nobu units high floors south exposure closing in July.

Condo 1 > impossible to furnish in any practical way, too little storage, no actual outdoor space, and a walk-in closet redefined as a bedroom. I wouldn't take it at 1/2 the asking price. Condo 2 > the most practical for furnishing & actual living space although no en suite laundry as far as I could tell. Did have a marginally more workable kitchen area for a non Martha Stewart type resident. Bedroom space was workable. Probably the only condo of this video which I would even consider. Condo 3 > fairly nice views especially if you like highways, and good orientation facing S-W. Lots of natural light but very awkward living room space to furnish. No prep space in the kitchen & visible appliances are so ugly in an open plan layout. Not as impressed by the honking bit concrete pillar in the living area as I apparently should be. No bathtub would be a deal-breaker for me. And call me Luddite but I would be concerned what happens if there is ever another extended Hydro failure (been there, done that several times so far during my life). Even if the building has sufficient generators to light emergency exits etc. I doubt they would hold up over several days of building-wide use in a property that large, and with so much tech... I would feel very vulnerable to such a rare but not impossible scenario? The last big power outage in TO had me without fridge, stove, heat, hot water, or elevators for its duration and it was not fun! Just to prove I'm not a total B***h, I do thank you for an enjoyable video with good concise & detailed content, and excellent production values. I'll be checking for other content from you for sure.

I did a shot every time you said “actually“. I’m actually dead now.

Disagree with the appreciation. We will never see what we saw for the past 10 years again. If they get 15% appreciation total in the next 5 years they will be extremely lucky. Their negative cash flow with rents does not make sense