These 'Real Estate Association' Stats are in substantial conflict with sales reported to BC Assessment ? Unless Sales numbers and prices are being fudged or otherwise NOT reported ? then these numbers are ridiculous
That "flattening out" is eerily similar to a "bearish pennant" which is bad news. It likely means prices are about to fall, not that they are stabilizing.
Canadians need to drop the idea that real estate will consistently get you a positive return in double digits. There should be no expectation greater than getting something off similar to mutual funds at most - anything crazy high is abnormality.
If you measure finance in CDN $'s, the money printing made things fall, as per usual. It's not that gold went up, it's just the dollar fell that much. Will my home be worth 1.5 million in 20 years? if it continues like the past then the answer is yes, but to buy another home will be 1million+.
I have my own realtor, but doesnt give videos like yours. I might end up using you, i know you dont me but ive been watching you for a full year. I feel like i know you but you dont know me hahaha
Steve is the GOAT
Appreciate your expertise
Great followup video
The knife is falling let see who wants to catch it!
Thanks for the update Steve. Good news is my BC assessment is down 2% so that saves a little on my property taxes lol
I wish it worked that way.
Outside GTA up in the Kawartha lakes i am seeing multiple price cuts before properties sell
These 'Real Estate Association' Stats are in substantial conflict with sales reported to BC Assessment ?
Unless Sales numbers and prices are being fudged or otherwise NOT reported ? then these numbers are ridiculous
What do BC Assessments have to do with market value?
Would you say this is the time to move up in the asset classes ? Or maybe a future video about this.
Its actually a great time to move down. Detached doing okay, condos struggling.
That "flattening out" is eerily similar to a "bearish pennant" which is bad news. It likely means prices are about to fall, not that they are stabilizing.
Have rates really come down... most people take fixed. Those are easily mid 4's or higher for uninsured.
5 year fixed rates were up to 6.39%, today 4.5% is a good rate and thats after they just shot up again.
Canadians need to drop the idea that real estate will consistently get you a positive return in double digits. There should be no expectation greater than getting something off similar to mutual funds at most - anything crazy high is abnormality.
If you measure finance in CDN $'s, the money printing made things fall, as per usual. It's not that gold went up, it's just the dollar fell that much. Will my home be worth 1.5 million in 20 years? if it continues like the past then the answer is yes, but to buy another home will be 1million+.
I have my own realtor, but doesnt give videos like yours. I might end up using you, i know you dont me but ive been watching you for a full year.
I feel like i know you but you dont know me hahaha
Hands down creepiest youtube comment I've read this year
The year is young!
@@ReSpEcT32123 man crush
@ god damn dude how is it creepy? Hes a realtor....
Real estate is TANKING in real time. Facts all around you. Fudging numbers its specialty I know. There is not increase nor flat. PRICES DOWN