Who Is Buying At These Prices?! (Sunday Video) 

I know young people late 20's, early 30's, a doctor, engineer, MBA, architect. They cannot afford a house! That is nuts. They have little hope. The others like noted can hardly afford rent. I am not rich enough to buy a house or even help in any significant amount for adult kids that are finding it hard.

Inflation IS at 2%, it is 2% on the increased price. That's how inflation works. Economics should be a mandatory study in high school.

On the depression question, we should also keep in mind how much capital comes to Canada from money laundering or people buying when they've earned money from a lower tax country. Also note high salary workers also are paying significant income tax. If you are a high income earner, maybe you're smart enough to question this model of becoming a debt slave for the rest of your life in low birth-rate country that is dependent on mass immigration.

It's because they're investors, they're under water and they don't give a crap about the home. Because it's not a home, it's a cash machine that's broken now.

Buy BEFORE a recession? Lol. No thanks 😂. 50% off is just pre-covid price. 80% off is market price based on local salaries without mortgage fraud.

The angry people writing about their plight and the "depression" forget the facts. The GTA has almost 7M people. There are 100's of thousands of people in this area alone who can afford these inflated home prices. I know it is hard for people to accept, but there is a huge cohort of people capable of buying. Whether they "should" or not is a different matter, and very personal.

Could you Imagine commuting for hours every day to work a $18-$30 and hour job in Toronto. The drive till you can affords distance is insane now. Also $100k jobs do not buy much in Toronto maybe a medium sized apartment.

Yes, Interest rates are down, first home buyers have an advantage. But you do your math. Dont buy a home you can't afford and crib about everything on earth. You making a choice to buy a home is not a reason for your friends and family to hear about your woes. There are too many depressed people. Realtors and mortgage agents get their cut, and take their vacation. Please dont ruin other peoples hard earned vactions and free time 😂😂😂.. Hearing that a lot lately.. 😂😂

When prices are down sales are low. When prices are at peak price ppl buy homes. Smart ppl buy now

After this show I want to watch you guys more lol😂. Love how you guys are genuinely having fun. Happy to have been a subscriber for a year now😊

Good to have a laugh especially in this very overpriced depressing RE market and economy of Canada.

Good show. A couple of points 1) Its funny how in 2020 when Santos was reporting all the craziness and exuberance that was happening it was fine but now that the market has changed the bulls have turned on him and saying he is negative 😂. The brainwashing and delusion in Canadian real estate is hilarious. 2)The guy that has 90 condos on his watch list probably doesn't want to buy all of them. He is tracking them to keep a pulse on whats happening. I do the same. You can see how long properties have been listed for before they go pending and also when they keep getting relisted you get notified. If you keep getting alot of notifications it indicates things are heating up or if you dont then things are slow 3) The "staring contest" between buyers and sellers doesn't hurt the buyer in any way. Crazy bulls keep trying to ignore that fact. It hurts the seller when you are having a staring contest when your property is on the market 90 days. I see a price reduction or a disrespectful offer in your future. Sure you can walk away offended and keep paying the mortgage and expenses on your empty property until you sell it a year later for 100k+ less

Rates are down but the prices are insane! Most have doubled in the last 8 years! I don't understand how anybody wants to dig their way into a hole.

After this show I want to watch you guys more lol😂. Love how you guys are genuinely having fun. Happy to have been a subscriber for a year now😊

Thank you Team Sessa for addressing my questions. I really appreciate your show and when you are together to bounce ideas and thoughts off each other.

All area specific There will be people placed out of the market Just because employment goes up to 7 % also means alot of people also workimg

If I am a real estate agent and the house looking empty and sad it will sell for say 800K. If its cleaned up and staged then it sells for 900K. The agents commission will go up By maybe 3k so why bother putting in the effort to get just 3k more. many agents dont give a hoot about getting the customer top dollar. they only care about their commission with as little effort put in

Ok the market is serious but this video gave us a well needed laugh.

Team Sessa, this was very enjoyable. I had to laugh at the people who can't understand your comments about the "weekends". Your presentation of the year of history on every show makes everything so clear, and points out that there is a reason for why sales do what they do on "monkey weekends!"

Best show ever 👍 was laughing my sack off 😂

Love the show. You guys are great to watch and always informative.

he is not negative ,but our time is for sure , or the time we are going t. out .

No buyers out there

Honestly do you bot get tired of talking about the same thing over and over ?

no change means 0% inflation

Can you please share your slides?