NO ONE CAN BUY A HOUSE ANYMORE

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Barrie Realtor Diane Neto with Sutton Group Incentive Realty, is an experienced real estate salesperson specializing in the Simcoe County area including Barrie, Innisfil, Essa and Springwater. Residential real estate and investment real estate are both areas of her expertise. Toronto property buyers are best to use a local agent to get the best value.
If your moving to the Simcoe County area I can help with all the relocation services you will require as well as securing you the perfect property within your budget. Protecting the buyer by making sure you are in a safe area for you and your family is my top priority.
If your making a move up or downsizing and need to sell, we will work together to get the most for your property.
I believe in taking care of my clients to make sure their real estate needs are met while maintaining high customer service.
Diane Neto
Real Estate Salesperson
Sutton Group Incentive Realty
Cell: 705-796-7225
Email: dianeneto13@gmail.com
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Опубликовано:

22 сен 2024

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Комментарии : 30

@jeffotoole4509 3 дня назад

If you are willing to get a 100-200k down from your parents you’re in. If you have old equity from another house you’re in. If you have a 100k down and you are a hedge fund manager you are in. Everyone else no way. The median income in Canada is around 70k a year. Even if you have two people making that money that gives you 140k. Add in a car payment and maybe a student loan and you my friend qualify for 350-400k. Tell me what you can buy with that? Absolutely nothing! That’s the math people are using. Plain and simple. That’s why people say they can’t buy anything.

@robcos8162 3 дня назад

It’s much more than being defeated. The question is does anyone want to be a slave to their mortgage for 30 years, and is it worth it considering if home prices don’t drop to an affordable level the price will most likely stay flat for 10 years or until wages catch up to an affordable level.

@klausr3581 2 дня назад

And that is why mortgage fraud is big business. Uber drivers are buying $1 million dollar homes.

@jeffotoole4509 3 дня назад

Last thing. My wife is in staffing and job placement and making 70k a year is someone that has been in the labour market for about 10 years. Let’s all get this straight this is dream land.

@knowledgeandmultiskilled 3 дня назад

A house is not the type of structure that exists, for someone to live in. I lived in houses most, or maybe all of my life, and I am planning on changing how I live. I am a renter, and I planning on buying property, but not a house. I been working on the legal paper work, for a while to buy property. Building a home from scratch has different results than buying a prebuilt home. I saw some people building their homes, and as they build their budget is able to match each step, for building their homes, and this is not the same issue as buying a prebuilt home in Ontario. A lot of people do not have hundreds of thousands of dollars, or around $1 million, or more to buy a prebuilt house, so as home owners continue to want, so much money then finding buyers might be, or become more difficult. Because prebuilt houses are expensive to buy. Leaving Ontario is a suggestion that I am happy to make. I think to live anywhere else besides in British Columbia, and Ontario might be more realistic, for Canadians.

@7966016 3 дня назад

Aren't you supposed to add 2% to all those rates to qualify for a mortgage? Which is called the stress test!

@sheilabroad8192 3 дня назад

Fantastic info . Especially about a line of credit.

@peej91 2 дня назад

Time to leave Canada folks

@JonathanRogler День назад

No fundamentals to support these prices, price declines will continue to follow for quite a while

@dianeneto День назад

Cost of building alone will keep costs higher than i know you believe they should be

@hill4377 2 дня назад

Pro tip Lease a 800k place for 3k Next year when it's 400k look to make a low ball offer of 350k. It's called shoring the housing market

@SquarishLink 2 дня назад

This falls on deaf ears. I am in the top 15% of income 100k+ and i have almost 450k for down payment which gives me about 850k to play with that give me only 800k for sticker price, which to my amazement buys be a lot less then what i thought. If even i find it difficult which it is. I would hate to see what the average person who didnt win the lottery has to deal with.

@glennwatkins3322 2 дня назад

Lenders Pay your own goddamed insurance premiums.

@cindybrown9898 2 дня назад

outrageous

@Doug-zl8nb 2 дня назад

The numbers are not there ...people are broke ...under major stress...wages are not there...they want u broke

@timelesstruths 3 дня назад

Great program.

@199496db 2 дня назад

I pay for leaders insurance is classic..next their lunch bill..??

@ant31891 2 дня назад

600k 'thats a shitty, crappy townhouse' in Barrie, lets see in a year 🤔

@Justiceone88 2 дня назад

It’s brutal

@rachelwalpertfairbrother8734 2 дня назад

I have a question? If you have life insurance, are you able to waive the mortgage insurance? This is what my husband and I did when we bought our first home (in Alberta) 6 years ago. We only put down 15% but I remember we didn't need to pay the CMHA insurance because we both had life insurance that would cover our mortgage if one of us died. Is this still a thing?

@reality1984-cf7jw День назад

What if I don't have a working partner.

@dianeneto День назад

You need to make alot of money then. I am in the same boat

@Ynalaw День назад

As a Punjabi man, I had no problem qualifying for a mortgage. Once the major commercial bank granted me a mortgage, they were happy to learn I am renting to 12 Punjabi international students. Its a guranteed income stream for the bank. Everyone wins! (Except Canadians.)

@davidrockefeller2007 3 дня назад

You beat mark uploading today:)

@rachelwalpertfairbrother8734 2 дня назад

I don't understand why someone who has 20% down would pay more interest? This seems backwards. Even if you are a 2nd time home buyer? Isn't the whole point of having a greater down payment so you can get a better rate?

@faizcube007 2 дня назад

Exactly, it doesn't make any sense. There's less risk for the bank with 20% equity, they can always recover the balance of the mortgage by selling the home. From what i understand, once you put 20% down, the bank is not able to insure the mortgage, hence even though you're putting more down, they're not able to insure the mortgage.