Hi everyone, my name is Demetres Giannitsos. I'm a Real Estate Agent in Toronto Canada. I focus on making Informational and Entertaining RU-vid Videos for both Buyers, Sellers, and Real Estate Agents. My channel is about: -Toronto Market Updates -Informational Real Estate Content -Building Wealth Through Real Estate -Social Media Strategies For Agents -Realtor Life and More..........
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I’ve noticed the price dropped in condo market market the last 2 years. I’ve own my condo at Cityplace for 10 years, my unit is almost 700sq ft on the south facing 18th floor with a huge balcony 125sq ft, including locker and parking. I love this neighbourhood other than the heavy traffic sometimes, but I am on Capreol Court, 2 blocks north of the Gardiner, so it’s quieter.i actually made a video about living at Cityplace called A Single Man at Cityplace for 10 Years. Condo living suits me well.
It's kind of heartening how some of these spaces are actually livable despite being made specifically for investments. Just came back from NYC and the only question I have is how is it even possible that developers might not be fistfighting to put shovels in every possible foot of ground and get zoning loosened when they can make even anywhere NEAR this amount of $/sqft in a city which isn't New York on any level... curb appeal, lore, existing buildings, or a literal finite island like manhattan. In a country where companies making a profit often beats the crap out of the average resident, when it seems like residents and big companies are both aligned on building housing, is a neighborhood watch group really stopping them?? Is modestly high interest rates enough to stall out essentially unlimited $1800/sqft products????
I think this is outrageous what it cost to rent an appointment in Toronto! This is truly the end of this world no wonder so many people is leaving on the street and others breaking the laws with illegal activities to make money so they can pay rent at the end of the month! God help us come Lord Jesus and take your Children to a better land!
Heading towards a minimalist lifestyle, I could easily live in something like this but 700k in a city that has maybe 2 months of great weather is highway robbery 😂.
In a way the liberals 'plan to ban foreign buyers under the fasle assumption that they were taking Canadian homes back fiired and protected them from entering into a real bad real estate market and losing lots of money. Glad to see that the bad karma has worked against Canada. Lol
It is considered wonderful when real estate goes 20% plus in a year. A 2% drop after such an increase in rates shows the resilience of the real estate market, and there is still a ton of demand. We have had 10 years of bidding wars and fomo. Do we let it breath or does the government keep kicking the can down the road and forcing mass immigration and tent cities?
All are fools and politicians are taking max advantage. COVID relief money is used to buy 5 to 10 condos or houses and they are all on rent now. Banks have approved mortgage on ten condos. There is no shortage of housing in Toronto.
Wow. I rent an older 475 sq ft bach apt and I could not live in those condos lol. The last one only had room for a double bed, I need a queen bed personally lol. They would be fine for students though if parents are buying or renting. Great video!
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. 😉
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
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.
The buyer definitely makes the decision which is why it still needs to look good and be priced right. The extra commission is for a little extra nudge from the agent. Doesn’t work with every agent but if we get 20 or 30 showings someone will go for it and I’ve definitely noticed it work well over the years
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.
The unit is priced at $40K more than the same unit 3 floors higher sold a month ago. So, if the last unit (on 48th floor) sold for $595K, this unit should not sell for more than $595K - 3x$2K/floor = $589K. That is if you like the unit ... 1bed+den for less than 600sq.feet.
