THESE Toronto Condos Are NOT Selling! 👀

Подписаться 15 тыс.

Просмотров 10 тыс.

50% 1

P.S. Whenever you’re ready there are 3 ways we can connect.
1 - Book an appointment with me 📅
calendly.com/t...
2 - 💾 DOWNLOAD Our FREE Buyer's Guide: tinyurl.com/3z...
💾 DOWNLOAD Our FREE Toronto Seller's Guide tinyurl.com/ms...
3 - Check out my weekly podcast, “The Tom Storey Show” 🎙️
/ @thetomstoreyshow
The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

Опубликовано:

25 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 30

@Mack-i2u 4 месяца назад

Over-priced shoe boxes with ridiculous condos fees + unpredictable HOAs. People are realizing and choosing to pass.

@hawkmoon206 4 месяца назад

We need the interest rates to stay high... the current environment is not sustainable.

@Jp1904lt 3 месяца назад

Spoken like a true renter that will never purchase a home regardless of the cost. Gtfo here

@hawkmoon206 3 месяца назад

@@Jp1904lt Wow really... I couldn't be a senior looking to earn more money on my savings account? To me you sound like one of those that couldn't make it on his own and got help from Mom and Pop..

@afzalshaikh2128 4 месяца назад

It’s funny how the narrative changes like the weather in Toronto.

@TomStorey 4 месяца назад

If the numbers change, the narrative will change.

@howy3333 4 месяца назад

Tenanted properties are much harder to sell. Basically impossible to sell if not month to month... You can sell your buyers mine! Ill gaurantee move out

@DummMoney-rr1fi 4 месяца назад

two musts in owning RE, freehold and you must own the land

@howy3333 4 месяца назад

Alot of the price diff can be accounted for by renos done to owner occupied/vacant properties

@TheFlatEarthChannelcom 2 месяца назад

King Toronto condo. Pre construction. Can I sell?

@denesbastos2001 4 месяца назад

I don’t think it qualifies as subsidizing renters when there is appreciation, even with cash flow negative. Maybe those who bought in the peak and are paying higher interest rates could as they’ll probably not get appreciation anytime soon

@TomStorey 4 месяца назад

There’s been no appreciation over the last five years.

@f87 3 месяца назад

This is a socialist country. Subsidizing renters is a way of life.

@drawwithmarina 3 месяца назад

I have a property in downtown Toronto and have been trying to sell since Feb 2024. Tenants left because we put it up for sale and we were already cash flow negative about 2k per month with the tenants in it. Now it’s vacant and losing 5k a month. Have relisted it multiple times even went 200k below asking. 3 months listing and expired. Went to a cash buying option. Listed 300k below. No bite. WHAT IS GOING ON? Is my condo cursed?

@TomStorey 3 месяца назад

Hard to know without specifics, but if it’s priced right and marketed correctly, it should sell, even in a slow market.

@f87 3 месяца назад

I’m interested.

@jpmichael 4 месяца назад

Am I wrong. I thought tenanted properties are easier to buy, bcos u can use that rental income as part of the qualifying income?

@hn9382 4 месяца назад

Easier to buy, harder to sell

@ssihusa 3 месяца назад

There is no resale value in condos. Real estate agents bs potential profits from rental income and the resale value just to make a sale for attractive commissions offered by developers. Condos are out of pocket investments from the beginning, and investors will be lucky if they make a profit when they sell at the end.

@Japanese_king 4 месяца назад

Will 1 bedroom condo hit a million mark in the next 5 years? Or will the market stagnate?

@TomStorey 4 месяца назад

I don't think so. Maybe for a high-end pre-construction project, but not the resale market.

@f87 3 месяца назад

Right now half a million is the hope.

@GreenBeanGreenBean 4 месяца назад

Cashflow negative =/= losing money. Buying a gold coin is cashflow negative. So is putting money into your rrsp. Most vacant units are a brand new building releasing 100 units at a time... new units will be sold for higher prices..... selling for higher is not because of no tenant

@Observer168 4 месяца назад

Why look at Toronto Condos when you can still buy a brand new 3 bedroom 3 bathroom townhomes for under 500k in Winnipeg, Calgary, Edmonton, Montreal and Quebec City? Tons of money left over for a nice SUV during the cold winters.