please give me your views on new construction homes, i was personally preferring them but now i heard that currently its getting tough to set up a meeting with them!! and buy a house
Interesting observations and thanks for sharing Peter! 👍 Generally property bubbles don't sustain, and when it ends, the market deflates to original value. Do you see the independent home price receding to $700,000 to 800,000 by Dec 2021?
Although I agree that bubbles are not sustainable... I can’t see the detached value drop from $900k+ down to $700k if anything I’d expect values to perhaps stall... At the end of 2016 and into 2017 the property prices were in a ‘bubble’ until the government stepped in to cool things off in which they were successful. Prices were back past the original ‘bubble highs’ a year later. The market is and always will be cyclical and it’s not possible for it to always appreciate. There will be regressions or pull-backs. It depends on the window of time in which you look at the market. That’s being said, when you look at the historical data of real estate values tend to trend upward.
@@KosteckiRealEstate hey Peter what would the down payment be if we are going for a 900k house ? Any concession in price if we take new construction homes ? But they are tough to be booked
@@harikachaganti468 the downpayment depends on an individual's credit worthiness. It could be as low as 5% down but it will depend. My best advice would be to speak with a mortgage professional to help you determine this. If you need a recommendation please email me at peter@kostecki.ca . In a market that is this far skewed in the Seller's favour there aren't really any concessions to be had. After you have your mortgage pre-approval you can connect with us to help you secure a new construction home or re-sale.
Money printing leading to asset price inflation, when the economy re-opens this will actually have a downward impact on house prices as personal net income will go down. In addition, once rates start to spike this will create massive redundancies and less mortgage demand, pushing prices down. My advice to everyone would be to sit tight and wait to see how it pans out for the next 12-18 months.
What’s a good amount to have in hand if we wanna buy a 900k detached house in Kitchener Waterloo area? heard that 5 % is good enough but there are hidden costs too i presume
What about new immigrants who are planning to buy a house couple of years down the lane? Will it just be a dream to buy a house seeing all this inflated prices? I hope real estate will be affordable
What are your thoughts on the current real estate market? Comment below 👇
It's crazy.... but I heard things will be better in June because more strict stress test.
Thank u for such a nice information ...it's really helpful 👌
Kitchener is a beautiful city to.live
It’s a great place!
What’s a good amount to have in hand if we wanna buy a 800k detached house in Kitchener Waterloo area?
So informative Peter, thank you!!! 🙏🏼
Thank you Julijana! 🙏
please give me your views on new construction homes, i was personally preferring them but now i heard that currently its getting tough to set up a meeting with them!! and buy a house
Interesting observations and thanks for sharing Peter! 👍 Generally property bubbles don't sustain, and when it ends, the market deflates to original value. Do you see the independent home price receding to $700,000 to 800,000 by Dec 2021?
Although I agree that bubbles are not sustainable... I can’t see the detached value drop from $900k+ down to $700k if anything I’d expect values to perhaps stall...
At the end of 2016 and into 2017 the property prices were in a ‘bubble’ until the government stepped in to cool things off in which they were successful. Prices were back past the original ‘bubble highs’ a year later.
The market is and always will be cyclical and it’s not possible for it to always appreciate. There will be regressions or pull-backs. It depends on the window of time in which you look at the market.
That’s being said, when you look at the historical data of real estate values tend to trend upward.
@@KosteckiRealEstate hey Peter what would the down payment be if we are going for a 900k house ?
Any concession in price if we take new construction homes ? But they are tough to be booked
@@harikachaganti468 the downpayment depends on an individual's credit worthiness. It could be as low as 5% down but it will depend. My best advice would be to speak with a mortgage professional to help you determine this. If you need a recommendation please email me at peter@kostecki.ca . In a market that is this far skewed in the Seller's favour there aren't really any concessions to be had. After you have your mortgage pre-approval you can connect with us to help you secure a new construction home or re-sale.
@@KosteckiRealEstate thank you so much
You did a Michael Scott with the coffee cup Peter 😁
Money printing leading to asset price inflation, when the economy re-opens this will actually have a downward impact on house prices as personal net income will go down. In addition, once rates start to spike this will create massive redundancies and less mortgage demand, pushing prices down. My advice to everyone would be to sit tight and wait to see how it pans out for the next 12-18 months.
What’s a good amount to have in hand if we wanna buy a 900k detached house in Kitchener Waterloo area? heard that 5 % is good enough but there are hidden costs too i presume
What about new immigrants who are planning to buy a house couple of years down the lane? Will it just be a dream to buy a house seeing all this inflated prices? I hope real estate will be affordable