Windsor Ontario and Essex County Real Estate Market Update July 1-12-2024

Windsor Ontario Realtor Kris Ramotar go over the 🏡 Windsor Essex County Real Estate Market data so far for the month of July 2024 ….
Stay up-to-date with the latest trends in the Windsor Essex County real estate market. In this video, Kris Ramotar, a local realtor, provides a comprehensive recap so far for the month of July offering valuable insights for homebuyers and sellers.
To stay on top of local news/events and real estate related info please click on the link ⬇️solo.to/krisra...
Are you wondering what it is like to live in Windsor Essex County? Well, this is the channel you need! We absolutely love this town and our #1 goal is to showcase every inch of Windsor Essex County through our videos so you have a complete understanding of the best area that fits your lifestyle!
We work with clients from all over the world that are relocating here and we ABSOLUTELY LOVE IT! Reach out to us ANYTIME!
👋Curious about buying or selling? Connect with us at [e-mail] or text 519-259-9310 or visit krisramotar.com
🏡View properties in Windsor Essex County : www.krisramota...
📅 Schedule a FREE 15-minute Discovery Call with Kris Ramotar: calendly.com/k...
💡Do you know the value of your home? www.krisramota...
Instagram www.instagram....
Facebook : / krisramotarsalesperson
Kris Ramotar-Windsor Realtor
Salesperson @ Real Broker Ontario Ltd.
1.519.259.9310
[e-mail]
krisramotar.com

[@tammyvibes87]

When is a home considered sold? When an offer is accepted or when it closes/deposit is given?

[@krisramotar]

It is considered sold when the deposit is submitted normally within 24 hours of offer being accepted, home inspection and mortgage financing conditions are waived or any other conditions are waived as well. if any was in the terms of the offer it’s then considered sold. Closing day is the day that the buyer and seller had agreed upon, this is the day when the bank will have the funds for the buyer’s lawyer, if there’s a mortgage. he will then wire transfer it to the seller’s lawyer, title is then transferred to the new owner(buyer’s )
Then the seller lawyer will release the keys to the new buyer, hope this helps.

[@dirtlump]

I will tell you what Cathcart and Kravcic won't.... if Debt is indeed borrowing from 'future' GDP capacity, under actuarial analysis if the datasets assuming any 3% BoC rate maintained positive above the 2% inflation target against further 'debasement' based DEBT expansion past the current ~$3+ Trillion combined Mortgage/Consumer Debt....
there is now insufficient Gross Domestic Income/consumer disposable income available to maintain both:
1.) Canada's 67% consumer spending reliant GDP, an otherwise stagnant GDP that was being maintained by no more than the aforementioned 10+ years of low-rate fueled Real Estate based DEBT expansion
and
2.) the higher Mortgage Payments now inevitable under still 5 million mortgage renewals occurring now through Q4/2026(1 Million NEGAMS still increasing loan balances) all at far higher rates than when initiated.
The 'elephant in the room' being:
the significant LTV(loan to value) imbalances currently held in Canadian Big Bank Mortgage Portfolio "chattel" valuations that will attenuate/correct under lower 'mark to market' Sales/Appraisals these renewals entail let be falling into 'insurable' requirements under refinancing.
This is a Real Estate crash/correct.....
with significant potential for a $400B to $500B of loss contagion across M2/3 Capital instrument structures representing a further 22-23% of the current $2.1 Trillion Total Canadian Mortgage market.