Best real estate data analysis , kudos for that. This price dip is really significant specially when coupled with less sales volume. Can you do montreal as well lol
With recent talks of the US planning MULTIPLE double rate hikes at the next 2-3 announcements (and thereby Canada needing to follow suit), I wonder if we will recover by the fall. I am certainly bearish on housing in the short term, but I expect investors to get really spooked if rates go up a full 1- 1.5% by July. That would be truly insane and way faster than I think anyone is anticipating. For now, I am eating my popcorn on the sidelines. 😮🍿
Very helpful analysis. Can't thank you enough. Few realtors are saying the truth about the market these days. I've always believed, anything that is not sustainable is a bubble! Wish you could do the Ottawa Gatineau market.
Its a cycle - People have bought houses at crazy prices and now HAVE to sell their current homes to avoid carrying 2 mortgages. Many will get desperate and sell at a good discount. This happened in spring of 2017. This is a good opportunity for anyone who wants to buy...wait a few months but don't wait too long! A good way to measure value of the deal is to track the rental yield. If a house is selling for $1M and if it can fetch a rent above around $3k, it's a good deal as the rent will be able to cover the mortgage. This is where big investors start buying. Retail buyers usually buy at the top on FOMO and almost always miss good deals because they think it will keep going lower. I truly hope this helps someone buy a home at a good price.
@@daniel_foch Maybe....but It really depends on people in that situation in my opinion. So if someone bought a house in March with a 60 day closing, they need to whatever they can to sell their current home in 60 days. This will be the case for most people. Some people will be able to afford 2 mortgages by renting out the current house. Ideally, one must look for houses that have been on the market for 30 days or more. Once this inventory is gone, new sellers will not be as motivated to sell as these guys that are stuck in this situation. This is just my opinion...No one can tell where any of this is going. Even the news outlets only guess and try to sound like they know what they are talking about.
When less properties are sold the average price goes down. If normally you have a lot of expensive homes that sell then suddenly you don’t have as many then this will really change the averages.
Can you add a portion where you show us what the average price actually bought compared to the previous average with a few examples? Sales mix changing is a big factor and it would be interesting to see if you are getting more or less house for the money.
Wouldn't this be the MLS HPI tool? I'd also be interested in a look at this once we start to see more of the declines get converted into the index. Maybe after the April data comes in which should(?) have 2 rate hikes in it.
Question!! I bought condo townhouse this year Jan mid, the market then was like 1 unit gets listed and tomorrow it's sold, but now I see units listed for 2 to 3 weeks and still not sold. Now!! Did the prices come down or it's just more inventories in the market which slow downs the sales??? Should I sell mine now or keep it for some time??? I bought it for an investment purpose and thought I would some quick bucks but I guess my fate didn't coordinate well with me :( Thank you in advance
If you sell you’ll 100% be losing money just on the transaction costs. It’s normal for more inventory to come to the market as you go into the spring season. I would just hold.
Thank you for your honest analysis and reporting. Could you please explain how the days on market work? What's the % of the sold properties without any list / de-list gimmick? I have seen countless properties staying in the market for months before getting sold. Do they only count DOM based on the last listing duration before getting sold?
Thank you for the video. I know the market Is not predictable. However, I would like to get your opinion and I will appreciate that. I am planing to buy a condo in Downtown Toronto to live..... seems like the price of detached houses are going down.... but not sure about condos.... Should I wait a little more?? Price would get down with interest rate going up in April....? I can definitely see that sellers' are getting less offers... but not quite sure price is going down.
Hi Sanghee, I difficult to advise you to buy or wait because I need to know much more about your plans. I'm happy to talk about it in private...just book a call via the link to my calendar in the description below the video.
wow...almost seems like a crash. Will be interesting to see prices over the next few months especially with BOC planning to increase rates by 50 basis points
The BOC has hit a wall. They've been propping up the real estate market for a decade, if not longer. Now the BOC is being forced to increase the interest rates and the next couple hikes will be 0.5%. The American Fed is expected to increase 6 times this year. Good luck buying now at the cusp of a huge increase in mortgage rates. A lot of pressure on the prices for the whole year.
There are competing forces...does a buyer buy now and lock in lower interest rates OR wait and pay higher rates but with a lower purchase price??? This assumes prices will decrease enough to compensate for the higher rates. No one knows for sure how the market will react.
@@teamsessa I think you have to look at the rates from the banks now. I think you will find they have already jump the gun and raised. Also, the last 3 years have been ridiculous as people run around bidding up properties like the world is ending. I personal expect a much larger correction.
The chances of 6 more rate hikes this year is approximately 0. Because if they do 6 hikes in 8 months, there will be a recession almost guaranteed (there might be a recession regardless but this would all but guarantee it) and then they will cut rates almost immediately to cope with the recession they caused by moving too fast. Now that doesn’t mean they won’t try but if they go that fast…ugly, if they go slower, no recession and they’ll still get their 6 hikes but by Dec. 2023.
@@BA-kp1us inflation is 7.3%. It’s at a 40 year high. They left the rate hikes way too late. So I wouldn’t say it’s impossible that by next spring we see 6 rate hikes. And the idiotic Federal govt needs to stop stepping in to save real estate prices by making it easier to buy. They’ve been pumping since 2005. They also need to heavily tax domestic “investors” buying 2nd and 3rd properties.
@@kevinn1158 I don’t disagree with you on the majority of your points. Inflation is out of control and they need more regulation across the board to manage the real estate market. However, what I’m pointing out is that the consideration on interest rates is not just about real estate and you said 6 hikes this year. I can tell you that will 100% cause a recession which no one wants after all the debt driven spending in the pandemic and will do tons of damage to people with rising unemployment, lowered spending in the economy etc. The Fed/BofC 100% acted too late but the inflation is not just the result of interest rates, it’s the CERB program, bond buying, deficit spending in government, commodity prices spiking, War in Ukraine, Supply Chain delays…when people act like it’s as simple as raising interest rates fixes inflation, it’s not…inflation is more complex than that and the impact of rates is not just about housing - it’s every corporate and personal lines of credit, bond prices, financing programs, business inventories, capital spending in commodity and business sectors etc. so all I’m saying is that if you want real estate prices or inflation to fall, interest rates alone might not do it and it also might carry a lot of unintended consequences. The rate changes are usually a lagging indicator and not a leading indicator. The governments and central banks have really backed themselves in to a corner and they need to choose which path is worse. Given the amount of debt governments and banks themselves hold my guess (and it’s only a guess) is that they will let inflation run hot and have negative real rates to help bring down all their own debt and spending mistakes. I can’t see why they would be motivated to go another way as it would require them to admit their mistakes and they’d have to pay the piper on all their bad decisions by showing austerity and cutting social programs, gov spending etc - and you saw we just had a Liberal/NDP punch drunk spending budget coalition form, Democrats in the US…chances of austerity happening in Canada/US is now below 0.
Hi justathinker (nice name), listings in relation to seasons has been a moving target the previous few years. Typically, before the pandemic, Spring was usually when we saw the most listings. But, in 2020 it was Jun-Oct (Summer & Fall). Let's see what happens this year.
Average sale price is not home price. It's possible for house prices to go up while sale prices go down. It would just take poorer people doing more selling and buying than rich people.
I should have taken out a HELOC 2 months ago! Wife just got laid off, so by the time she finds a new job and passes probation a lot of the equity will be gone as I expect prices to drop. *sigh*
Hi JB, sorry to hear your wife got laid off. And I can't tell you how many times I wished I had done something AFTER THE FACT. Regarding the HELOC, may I suggest having a quick conversation with Anthony, he might be able to help?? He runs the new Finance Friday's show, you guessed it, on Fridays. Or book a call via the calendar link below the video.
A year ago?! 😂 All of you real estate agents keep exciting the market. These are prices coming from an all time highs before the pendamic, and this is a disaster to you?? Honestly we need a regulatory body to look at agents role in this bubble.
@@teamsessa yes Sir, the secrecy of bidding, and the continuous downplaying of a catastrophic housing problem is partly due to the industry. I know you are just trying to do your job, but there needs to be some kind of oversight
We need mass intervention mate. Prices alone are way beyond what any HIGHER EARNING individual can afford. Add to that blind bidding, sales tricks and a cohort of unsavory tactics used to dupe the buyer into way more than they budgeted for in the first place. Its unethical and exploitative. Agents have their role in this. Its the problem you get with offering commission literally any deal that takes place. I wish there was some kind of opposition to this madness
@@teamsessa the unaffordabiilty of housing is having a knock on effect on the rest of the economy due to people not being able to live near where they work. People like you are what's wrong with this country.
@@deltahat2625 man these crazy Toronto prices have driven the housing market in my area (Kawartha lakes) so fucking high that I can't even buy the shittiest run down shed and the wife and I make good money for are area. Roughly $84k a year. EVERYONE from the GTA is coming up here and blindly paying a million plus for something that's only worth $400k max. NO ONE I know can even afford to rent here now because people sell in the GTA come up here buy 2 houses and expect people to pay $3000+ to rent the upstairs of one. We are literally stuck in the small apartment we are in now and it's to small with a 5 year old
Is not the seller crazy for asking the big price, but the buyer when spends the money he doesn't have for something that doesn't make sense to value that much. Let's not forget cost of development before we agree on a price!
Yes, because it takes a few days for all the brokerages to report their activity (sales, listings, etc) and the admin dept of brokerages is usually closed on weekends. So, the most up-to-date I can report and still have accurate numbers is with a 1 week buffer.
wow that's a big drop. I see a lot of houses on the market on the east, but the ones that are selling are still going over asking price. A lot of people are paying more than asking for houses that has been on the market even after presentation date. What are they thinking and what type of agents do they have?
yes, the really nice homes are selling and at time well over asking. The just average homes are sitting on the market. People are trying to sell their bigger homes and downsize so the smaller homes priced well are selling as well
Need prices to drop 50% for a chance at actually owning some sort of property in the future. But no one is going to let all the pandemic skyrocketing value inflation be reversed
Well PK, I don't think a 50% drop is in the cards. If that happened, I think everything would be bought up at 20% drop, forcing the prices back up. Sorry buddy.
Inflation is happening. You need to buy physical assets to hedge against inflation. Housing prices will continue to rise. Buy houses or stocks or anything. Interest rate hikes will have no impact. Government can’t raise quickly enough.
Real estate works exactly like the stock market. Smart investors are unload their inventories now and sit on the sideline. Sorry but some people will have hold the smart investors’ bags, a heavy one too
Hi Tom, there are some investors doing exactly that. But I should add, Real Estate is a bit different from stocks in that real estate has end users, people buying because they need a bigger/smaller/1st house to live in and raise a family. So the mixture of investors and end users bidding on the same product is a different dynamic than someone having a strategy to buy/sell stocks. Thanks for your comment!
Perhaps Bria your neighbourhood is still going strong, but there are many areas in the GTA now that have multiple properties not sold. Your comment surprises me because it’s obvious that the market is ‘softer’ now than 4 weeks ago.
'Cliff' is relative to recent avg prices. And this weeks avg price wipes out 1 year of gains. But, it's just 1 week, let's see what the trend is over the next few weeks.
Thanks for being the best at these market reports and for being even better realtors! Always trusted 👏🏼
We love how you think Selina!!
Best real estate data analysis , kudos for that. This price dip is really significant specially when coupled with less sales volume. Can you do montreal as well lol
I can’t do Montreal but thanks for your amazing comment!!!
With recent talks of the US planning MULTIPLE double rate hikes at the next 2-3 announcements (and thereby Canada needing to follow suit), I wonder if we will recover by the fall. I am certainly bearish on housing in the short term, but I expect investors to get really spooked if rates go up a full 1- 1.5% by July. That would be truly insane and way faster than I think anyone is anticipating.
For now, I am eating my popcorn on the sidelines. 😮🍿
Enjoy the show…it’s going to get exciting!
bank of canada has to follow the fed - we're trapped.
I was calling this 2 months ago when I decided to sell one of my properties. I definitely made the right decision
Good call.
Yes you did
Very helpful analysis. Can't thank you enough. Few realtors are saying the truth about the market these days. I've always believed, anything that is not sustainable is a bubble! Wish you could do the Ottawa Gatineau market.
Glad it was helpful!
Best time time to sell was yesterday, second best time to sell is today.
That's what they say!!!
Its a cycle - People have bought houses at crazy prices and now HAVE to sell their current homes to avoid carrying 2 mortgages. Many will get desperate and sell at a good discount. This happened in spring of 2017.
This is a good opportunity for anyone who wants to buy...wait a few months but don't wait too long! A good way to measure value of the deal is to track the rental yield. If a house is selling for $1M and if it can fetch a rent above around $3k, it's a good deal as the rent will be able to cover the mortgage. This is where big investors start buying. Retail buyers usually buy at the top on FOMO and almost always miss good deals because they think it will keep going lower.
I truly hope this helps someone buy a home at a good price.
Thanks PM, good advice!
I think based on what the yield curve is doing - a few months will be just the beginning, no?
@@daniel_foch Maybe....but It really depends on people in that situation in my opinion. So if someone bought a house in March with a 60 day closing, they need to whatever they can to sell their current home in 60 days. This will be the case for most people. Some people will be able to afford 2 mortgages by renting out the current house. Ideally, one must look for houses that have been on the market for 30 days or more. Once this inventory is gone, new sellers will not be as motivated to sell as these guys that are stuck in this situation. This is just my opinion...No one can tell where any of this is going. Even the news outlets only guess and try to sound like they know what they are talking about.
When less properties are sold the average price goes down. If normally you have a lot of expensive homes that sell then suddenly you don’t have as many then this will really change the averages.
Agreed. Fewer sales are more susceptible to outlier prices. That's why I also include the median prices.
What are your thoughts on Hamilton real estate?
I'm in mississauga a decapitated house listed for 1.2 sold 1.6 and 7 years ago it sold 650. Sounds like it's still rocketing to the sky
He's looking year on year not over 5 years
Is the house headless
@@zoro1674 lmao
Can you add a portion where you show us what the average price actually bought compared to the previous average with a few examples? Sales mix changing is a big factor and it would be interesting to see if you are getting more or less house for the money.
Hi Nick, that’s an interesting way to look at things. Maybe I’ll do a whole show on it. Thanks for the comment.
Wouldn't this be the MLS HPI tool? I'd also be interested in a look at this once we start to see more of the declines get converted into the index. Maybe after the April data comes in which should(?) have 2 rate hikes in it.
Question!!
I bought condo townhouse this year Jan mid, the market then was like 1 unit gets listed and tomorrow it's sold, but now I see units listed for 2 to 3 weeks and still not sold. Now!! Did the prices come down or it's just more inventories in the market which slow downs the sales???
Should I sell mine now or keep it for some time??? I bought it for an investment purpose and thought I would some quick bucks but I guess my fate didn't coordinate well with me :(
Thank you in advance
I would sell before it crashes
If you sell you’ll 100% be losing money just on the transaction costs. It’s normal for more inventory to come to the market as you go into the spring season. I would just hold.
Great info, thank you!
Glad it was helpful!
Thank you for your honest analysis and reporting. Could you please explain how the days on market work? What's the % of the sold properties without any list / de-list gimmick? I have seen countless properties staying in the market for months before getting sold. Do they only count DOM based on the last listing duration before getting sold?
Thank you for the video. I know the market Is not predictable. However, I would like to get your opinion and I will appreciate that. I am planing to buy a condo in Downtown Toronto to live..... seems like the price of detached houses are going down.... but not sure about condos.... Should I wait a little more?? Price would get down with interest rate going up in April....? I can definitely see that sellers' are getting less offers... but not quite sure price is going down.
Hi Sanghee, I difficult to advise you to buy or wait because I need to know much more about your plans. I'm happy to talk about it in private...just book a call via the link to my calendar in the description below the video.
Wow, if this keeps up, might actually be able to afford a house!
wow...almost seems like a crash. Will be interesting to see prices over the next few months especially with BOC planning to increase rates by 50 basis points
I'm with you...very interesting to see what happens.
let's see what happens on the 12th! 50bps would be fireworks
Great video and even better info Santo - Great work!
Thanks Anthony! Looking forward to your show on Friday.
Please do Calagry next. It's still pretty insane here. People listing at 40k less than what they want and just playing freaking mind games.
Hi Muhammad, I won't be doing Calgary, I'm focused in the GTA area. But I have heard how nuts Calgary is.
Please show a chart of the correlation between real estate prices and intrest rates.
Hi Leinad, let me see what I can do.
The BOC has hit a wall. They've been propping up the real estate market for a decade, if not longer. Now the BOC is being forced to increase the interest rates and the next couple hikes will be 0.5%. The American Fed is expected to increase 6 times this year. Good luck buying now at the cusp of a huge increase in mortgage rates. A lot of pressure on the prices for the whole year.
There are competing forces...does a buyer buy now and lock in lower interest rates OR wait and pay higher rates but with a lower purchase price??? This assumes prices will decrease enough to compensate for the higher rates. No one knows for sure how the market will react.
@@teamsessa I think you have to look at the rates from the banks now. I think you will find they have already jump the gun and raised. Also, the last 3 years have been ridiculous as people run around bidding up properties like the world is ending. I personal expect a much larger correction.
The chances of 6 more rate hikes this year is approximately 0. Because if they do 6 hikes in 8 months, there will be a recession almost guaranteed (there might be a recession regardless but this would all but guarantee it) and then they will cut rates almost immediately to cope with the recession they caused by moving too fast. Now that doesn’t mean they won’t try but if they go that fast…ugly, if they go slower, no recession and they’ll still get their 6 hikes but by Dec. 2023.
@@BA-kp1us inflation is 7.3%. It’s at a 40 year high. They left the rate hikes way too late. So I wouldn’t say it’s impossible that by next spring we see 6 rate hikes. And the idiotic Federal govt needs to stop stepping in to save real estate prices by making it easier to buy. They’ve been pumping since 2005. They also need to heavily tax domestic “investors” buying 2nd and 3rd properties.
@@kevinn1158 I don’t disagree with you on the majority of your points. Inflation is out of control and they need more regulation across the board to manage the real estate market.
However, what I’m pointing out is that the consideration on interest rates is not just about real estate and you said 6 hikes this year. I can tell you that will 100% cause a recession which no one wants after all the debt driven spending in the pandemic and will do tons of damage to people with rising unemployment, lowered spending in the economy etc.
The Fed/BofC 100% acted too late but the inflation is not just the result of interest rates, it’s the CERB program, bond buying, deficit spending in government, commodity prices spiking, War in Ukraine, Supply Chain delays…when people act like it’s as simple as raising interest rates fixes inflation, it’s not…inflation is more complex than that and the impact of rates is not just about housing - it’s every corporate and personal lines of credit, bond prices, financing programs, business inventories, capital spending in commodity and business sectors etc. so all I’m saying is that if you want real estate prices or inflation to fall, interest rates alone might not do it and it also might carry a lot of unintended consequences. The rate changes are usually a lagging indicator and not a leading indicator.
The governments and central banks have really backed themselves in to a corner and they need to choose which path is worse. Given the amount of debt governments and banks themselves hold my guess (and it’s only a guess) is that they will let inflation run hot and have negative real rates to help bring down all their own debt and spending mistakes. I can’t see why they would be motivated to go another way as it would require them to admit their mistakes and they’d have to pay the piper on all their bad decisions by showing austerity and cutting social programs, gov spending etc - and you saw we just had a Liberal/NDP punch drunk spending budget coalition form, Democrats in the US…chances of austerity happening in Canada/US is now below 0.
What is the element of seasonality in increase in listings?
(Usually more transactions take place in spring/summer compared to winter)
Hi justathinker (nice name), listings in relation to seasons has been a moving target the previous few years. Typically, before the pandemic, Spring was usually when we saw the most listings. But, in 2020 it was Jun-Oct (Summer & Fall). Let's see what happens this year.
Average sale price is not home price. It's possible for house prices to go up while sale prices go down. It would just take poorer people doing more selling and buying than rich people.
Good i will keep my house here take equity and Buy one in calgary ..prices are rocketing there this summer already at 700k for detatched properties
Hey Santoli my man why do you think central Toronto freehold is seeing the most volatility?
Hey Dirty Burger, because central TO has the lions share of luxury properties. $3m+ properties are at 5.5 MOI!
Looks like a normal spring market. With a larger 1 week drop in value
I don’t know buddy, things look far from normal to me. They can go either way. All depends on public attitude.
@@teamsessa slower than normal perhaps with all thats going on.. market is shifting quicker than normal
Can’t wait until that happens in the US.
I should have taken out a HELOC 2 months ago! Wife just got laid off, so by the time she finds a new job and passes probation a lot of the equity will be gone as I expect prices to drop. *sigh*
Hi JB, sorry to hear your wife got laid off. And I can't tell you how many times I wished I had done something AFTER THE FACT. Regarding the HELOC, may I suggest having a quick conversation with Anthony, he might be able to help?? He runs the new Finance Friday's show, you guessed it, on Fridays. Or book a call via the calendar link below the video.
A year ago?! 😂 All of you real estate agents keep exciting the market. These are prices coming from an all time highs before the pendamic, and this is a disaster to you?? Honestly we need a regulatory body to look at agents role in this bubble.
Agents role in this bubble??? Really!
@@teamsessa yes Sir, the secrecy of bidding, and the continuous downplaying of a catastrophic housing problem is partly due to the industry. I know you are just trying to do your job, but there needs to be some kind of oversight
We need mass intervention mate. Prices alone are way beyond what any HIGHER EARNING individual can afford. Add to that blind bidding, sales tricks and a cohort of unsavory tactics used to dupe the buyer into way more than they budgeted for in the first place. Its unethical and exploitative. Agents have their role in this. Its the problem you get with offering commission literally any deal that takes place. I wish there was some kind of opposition to this madness
@@teamsessa the unaffordabiilty of housing is having a knock on effect on the rest of the economy due to people not being able to live near where they work. People like you are what's wrong with this country.
@@deltahat2625 man these crazy Toronto prices have driven the housing market in my area (Kawartha lakes) so fucking high that I can't even buy the shittiest run down shed and the wife and I make good money for are area. Roughly $84k a year. EVERYONE from the GTA is coming up here and blindly paying a million plus for something that's only worth $400k max. NO ONE I know can even afford to rent here now because people sell in the GTA come up here buy 2 houses and expect people to pay $3000+ to rent the upstairs of one. We are literally stuck in the small apartment we are in now and it's to small with a 5 year old
Is not the seller crazy for asking the big price, but the buyer when spends the money he doesn't have for something that doesn't make sense to value that much. Let's not forget cost of development before we agree on a price!
I am losing patience but not confidence - either crash or safe landing but correction is inevitable
You’ll need both, patience and confidence. Some buyers have waited for 5+ years!
Your vifie saya March 23 but we are in in March 30?
Yes, because it takes a few days for all the brokerages to report their activity (sales, listings, etc) and the admin dept of brokerages is usually closed on weekends. So, the most up-to-date I can report and still have accurate numbers is with a 1 week buffer.
wow that's a big drop. I see a lot of houses on the market on the east, but the ones that are selling are still going over asking price. A lot of people are paying more than asking for houses that has been on the market even after presentation date. What are they thinking and what type of agents do they have?
yes, the really nice homes are selling and at time well over asking. The just average homes are sitting on the market. People are trying to sell their bigger homes and downsize so the smaller homes priced well are selling as well
Each transaction has its own set of circumstances. Sometimes I don’t understand why people do what they do.
Need prices to drop 50% for a chance at actually owning some sort of property in the future. But no one is going to let all the pandemic skyrocketing value inflation be reversed
Well PK, I don't think a 50% drop is in the cards. If that happened, I think everything would be bought up at 20% drop, forcing the prices back up. Sorry buddy.
Inflation is happening. You need to buy physical assets to hedge against inflation. Housing prices will continue to rise. Buy houses or stocks or anything. Interest rate hikes will have no impact. Government can’t raise quickly enough.
Thanks for your comments Seth. I agree with you.
Dont sell ....get money from ur bank and buy in Calgary ..its going crazy
Housing only goes up 🚀
Real estate works exactly like the stock market. Smart investors are unload their inventories now and sit on the sideline. Sorry but some people will have hold the smart investors’ bags, a heavy one too
Hi Tom, there are some investors doing exactly that. But I should add, Real Estate is a bit different from stocks in that real estate has end users, people buying because they need a bigger/smaller/1st house to live in and raise a family. So the mixture of investors and end users bidding on the same product is a different dynamic than someone having a strategy to buy/sell stocks.
Thanks for your comment!
Good.
CLICK BAIT prices are falling nowhere
Perhaps Bria your neighbourhood is still going strong, but there are many areas in the GTA now that have multiple properties not sold. Your comment surprises me because it’s obvious that the market is ‘softer’ now than 4 weeks ago.
House prices will be 2 mill by next year for an average to House toronto is still a bargain compared to anywhere else !
Compared to the big worldly cities, yes, TO is a bargain.
@@teamsessa naw Tokyo has way better deals. Even UK is better
LOL TO is definitely NOT a bargain.
The medium home price in NYC is much LOWER than TO.
@@richchai7923 The point you miss is USA has multiple cities like NY. Canada has only one TO hence the competition.
it's crashing ! Run!
"cliff" hahahahahah. Take a look at historical prices and the hockey stick continues
'Cliff' is relative to recent avg prices. And this weeks avg price wipes out 1 year of gains. But, it's just 1 week, let's see what the trend is over the next few weeks.
Come and buy houses in Montreal, it's a nicer city and houses are cheaper.
"nicer city" lol.
Herd of sheep.
Fff