As concerns grow that Canada's red-hot real estate market may be starting to cool, one real estate agent in Toronto says that some homeowners in the city are becoming increasingly "desperate to sell right now."
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Investing in crypto now should be in every wise individuals list, in some months time you’ll be ecstatic with the decision you made today.
HOLY MOLY LOOK AT THESE BOTS LOL
@Richard Michael oh tell me more I have a 100000000000 burning a whole in my pocket
@PanKakes these scammers don’t stop
Yep, ride it down to zero bahaha
Transfer of wealth
@Kenth Hamner Yes, I agree. A home u own is more than a place u live, it represents wealth and ownership. There are a small number with a lot of power and they are taking every penny they can, including forcing ppl out of their homes. All while pulling in billions. Hard earned despite profit margins I’m sure lol.
@Kay Ouellette how do you get forced out of a home? If you are paying your mortgage and taxes they can’t touch you. If you can’t well that’s really a personal issue.
@Kenth Hamner That’s true. What if u start struggling because other costs keep going up? Some economists were predicting it would only take a few basis points to push some out of their homes.
No. Liquidation for desparately needed cash.
@Kenth Hamner For some, they might be able to find additional work to help cover costs, but most ppl have a pretty fixed arena to play in.
It’s almost like we’re in a recession
A correction. Years of 10-20-30% year-over-year real estate valuations for the past 15 years is a bubble. All bubbles eventually burst completing the transfer of wealth from the poor SOBs who bought at the top to those who sold at the top.
We need to restructure the housing market. We have to demand intervention if housing costs go above 30% of a minimum wage worker’s income. Once intervention becomes the norm it will drive out speculators and lazy slum lords. Housing should be treated as the necessity it is and not a get-rich-quick scheme.
These two have no idea what their taking about, do you guys even own. I mean own, not the bank owning 95% of your house.
It’s a buy the dip opportunity.
Hahaha it’s a falling knife. Prices will decline 70% from the peak as bank of Canada is raising interest rates to bring inflation down
I hope there is a wholesale re-think about housing. Housing is a necessity, it should not be allowed to be speculated on. The government should intervene when housing costs more than 30% of a minimum wage earner’s income. We know how to prefabricate housing. We need to build housing that’s more energy efficient anyway. As soon as intervention becomes the norm speculators will disappear. We need to take housing out of the get-rich-quick world and escape the housing booms & busts that create chaos.
It will be higher in a year or two. Same thing happened in 2017-2018 and it rallied
lmao
I’m in the business. It may still be in decline 1-2 years from now. Fiscal conditions are no where near the same as 2017-2018.
No more crack for you!
All that money printing, homes will again double taking money out of the stock market and rotating the money into real estate.
Anybody looking to reduce their mortgage payment on a large property but still need 3 bedrooms and 2 baths appox. 1100 sq. ft. condos in mississauga within walking distance to Clarkson GO. 966 I n v e r h o u s e .
Bittorrent rocketing right now don’t miss 50X this year
w00t! I hope the pop is loud when that bubble finally bursts!
3:24 – “not a lot of competish on it… competition on it” lol
I blame Doug Trudeau.
It only affects buyers , luckily rent is sky high and most can only rent
New world era of acuario ♒️ market will crash 💥
It is gonna crash hard. Canada has too much land. Only Ontario is bigger than France, Germany and England combined. An tiny old house in a Toronto suburb is not worth $1.5 million when the average household income is $75k
This real estate crash is going to very very ugly!!
Cash is always KING.I prefer $50 million hard cash over $150 million mansion.
Bring on the foreclosures, property will slowly get more affordable. This should have happened years ago.
10 million home owners in Canada, glad to see you are rooting for hurting the middle class… very anti-Canadian of you.
@Mr Kang Everybody knew it was a bubble. Those who overpaid only have themselves to blame.
Thank team trudeau they did that with bank of canada . They clowns .
Tell me you know nothing about real estate without saying you know nothing about real estate.
@Mr Kang well i own cottage house house in tremblant and one in flirida so i would say ya abit. Trudeau would rather ruin another industry. Like the realestate market . And i own building down town ottawa why you looking too buy ?
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Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth.
@Pamela Davis Time
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@Pamela Davis You can just check her up on the web. She is quite renowned and has an official webpage