$500K vs $6,500,000 Toronto Condo 

Condos depreciate much faster too. According to Stats Canada, only 9% of people living in condos are owners. Toronto it's an investor's city.

I think you’re mistaken The Well didn’t exist 20 years ago

Not that exact building but same layout, size, etc. Looks rundown for 10 years old.@@Precondo

1200? 15yrs ago dream on, I paid 1400 on Kingston Rd. and Victoria Park 30 yrs ago 1100 sq ft

He's paying for advertisment. These views are from people being forced to watch his shit.

Loved the ground unit at TOY factory

cannot Neglect to mention the Liberty Village Bar Scene. "The Local" is across the street from the Balzacs there. Liberty SOHO down the street , Brazenhead etc.

You gonna be the one to scoop up all the condos when the crash happens condo 👑? 😂

knowing the canadian government, they'll restrict people from buying units under X dollars and mess with the free market. If I didn't feel this way, I'd be all over the condo market, but I wouldn't touch it with my worst enemies money.@@TheDuncoh

Hope you find a real estate agent who agrees with your assessment. 😂

@@davidhughes6048 : I don't care about real estate agents and their opinions, I would rather get an rv or trialer instead.

"naturally gifted at being a realtor" in other words a sleazy salesman.

🙏🏼 🙏🏼

seriously? link. Thats wicked.

Exchange rate.... But yes it sucks in Toronto and the gta in general

i will happily live in my car before paying whatever the current real estate costs in Canada are

It's basically a closet.

Imagine complaining, wait till you visit my home, Hong Kong 😂

493 sqft too 😂

Yeah, 2023 is wild. My parents bought their house (2 floors + basement, 3 washrooms, 4 bedrooms, garage) for 400k in 2014ish

Thank you 🙏🏼

The problem is not the size but the price

That’s a solid idea thanks

It's a starter unit for young professionals or older folks downsizing. I'm 22 I started a plumbing apprenticeship out of hs at age 18. Got my red seal now making $40/hr. Lived at home, no car, no frivolous spending. Don't drink/smoke. Ate out like once a month. Only hobbies are gym and gaming. Saved like 80% of my take home - threw it in index funds every paycheck and now sitting in cash yielding 5% with money market. Single mom gifted me $100k for downpayment. I'm looking to buy next year and that "broom closet" is probably the kind of unit i'm looking at calling home. The size is fine for a couple without kids if you are a minimalist and don't have a lot of crap accumulated. There are lots of people in their 20s starting their careers but still living at home with jobs paying around $80k-$100k/yr and even more downpayment money gifted ($200k is honestly the norm). Plus they may even have a partner w/ a job they plan to marry and help with the contribution once they buy the place. In these cases where a couple gets married, their (immigrant) families are basically pooling $400k total for the 2nd generation newly weds. Do I wish prices were back at pre-covid levels? Ofc but it is just the market for young people to adjust to/compete in now.. Luckily months of inventory is at a historic high right now so it is a buyer's market for TO.

@@buttlesschap No offence, but I would never take a "gift" of 100k from anyone, let alone my own family.

100k isn't enough for the downpayment at these rates. You'll pay the interest into your 40s@@buttlesschap

great idea thanks! and yeah cracked it the other day

Thanks! Actually just ordered the GO mic today to clean up the audio next time

🙏🏼

underrated tbh can cook breakfast from bed in 410 sq ft

@@Precondo 😂 good one. Tbh the shoeboxes aren't necessarily the issue. It's what you pay to get them that is.

yeah but in this day in age, what are the condo fees for that 410sqft unit? That's where I see these as negative investments.@@Precondo

Thanks! off brand for the channel to date, but as a business about 40% of the deals we do are actually resale

audio will be better next vid!

More so, as the building ages, those condo fees with subs (when the building is broke) are gonna be crippling. 2000-3000 monthly avg.

I hear you - in my experience most people with a $5M+ condo in toronto have multiple properties - typically one in a warmer climate