Honestly, life is very simple in Canada. Work 2 to 3 jobs for 30 years to pay off your million dollar house then retire in your 60s then end up in a nursing home in your 70s or 80s then you die. The end.
@@lilip6369 that’s if your kids haven’t stole it out from under you already, then abandoned you in long term care or the hospital. 😉 either way you’ll be MAID comfortable soon enough - so never mind eh? 🎉
Do you know how much of the Japanese stock market the Japanese govt owns...meaning home prices will mever drop the rich own the banks and the banks spreadsheets are incdn real estate
Don't cut rates! Let the market run its course. The damage is so bad for many years by cutting rate again will exacerbate the problems even more in the future. How stupid can you be? It's better to have a true market value vs. an artificial market. Housing should not be abused and used like a stock market. Use commercial properties for that instead.
The other BIG, or really small issue is that they are all pretty much studio or one bedroom units. This only satisfies the starter market (one segment) so now you have a vast over-supply of inventory in this segment lowering prices.
I like it how he said “ this home buy didnt mind taking the cut but still walked away with a million dollars”. Walked away with a million sounds like he walked away with a million. More than likely not the case. The bank took it and he lost $320,000 as said in the beginning.
Oooh she gunna drop a hell of alot more than just 300k... get ready canada... the condos are just the tip, then will be cottages, and then residential homes... so many for sale... so many still for sale... realtors better find real jobs soon.... Tim Hortons is hiring 🙌
The condo wasn't sold at $320k loss, it got priced adjusted when the products are too expensive just like condos they automatically get a price adjustment as it's too expensive for consumers or a buyer and no one wants to buy the condos at that rate. So basic economics.
The sats at the end are all smoke and mirrors. They are trying to use percentages to show you that sales are up year over year, but in fact, the 2024 total listings went up skewing the ratio. If you calculate the sales-to-listings ratio, LESS homes are being sold in 2024 than 2023 by -5% year over year, which actually indicates a SLOW market. smh this is grade 10 level mathematics at best. Wish our journalism would do better, instead of skewing the data to make it look like housing market is booming when its not.
Lol... telling buyers to jump on deals and sellers to hold on selling is exactly what I'd expect a real estate agent to do... seems like they're in crisis mode.. why buy houses if they will just keep dropping in price?
This reminds me of the recently released "2024 Top 10 World Most Expensive Modular Apartment Highrises". As for future real estate trends, these high-priced modular apartments seem to be becoming more and more common. What do you think of this trend?
if they are not consistently making bigger profits the world will always be "falling". These so callled investors won't stop sucking even if they are full, yet the nature of the beast is that one eventually pops from gluttonous ways. Maybe priorities need to change, but who am I to judge. Life will teach em the hard way
When they mention "modern" fixtures I always wonder if they ever been to Europe or Australia? This is nowhere near modern 🤔 Very basic dated design in most cases.
We are in a housing crisis. I don't care if someone can't sell their unit for a crazy amount of money. In one of the richest countries in the world, the average person does not own a home and can barely afford rent. Cover that story every day and hold politicians accountable; they make the laws.
From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family. ❤️>>
Trading crypto now should be wise, but trading without an expert isn't advisable. I tried trading on my own but keep on losing. I think I'll give her a try
Condos do not represent value for money so their only purpose must be for trading rather than as a residence. Real estate speculators are like short sellers that get burned once in a while and they somehow seem surprised it can happen to them. I find it very amusing.
The level of inefficiency and corruption in this administration is becoming absurd. Those who are disabled and do not receive the support to which they are legally entitled make me sad. I sincerely thank you, Leah Foster Alderman. Imagine making $6k in four days with an investment of $1.5k.
