I miss that old personal contact people used to have. The way it is now is creating big problems unfortunately, it's not the natural way,, we were meant to have personal human interactions.
Feds are done. They will be lowering rates a minimum of 3 times next year. Canada will follow as both US And Canadian govt, banks and people can't afford to service the debt.
@@bilko_4732when did they announce rate cuts coming. Don't just read headlines. It's just the markets speculating, markets are forward looking, when those rate cuts come, no one knows..but not soon and not much too.. fed boc don't want to repeat the same last 3 years again.
For realtor to get that percentage for a sale is criminal. It would be more fair if they charge certain services, like professional photographing, document verification, whatever... in all honesty, this entire process should be largely automated, you should be able to complete the purchase without realtor and safely.
The buyer determines the price. No sale without a buyer...ever! Most buyers are beggars....and they don't know anything. So the sale goes in the seller's favour. They buyer pays the price...of the property...and their ignorance. Look how long it took for buyers to realize they won't live long enough to pay for a normal family home. It's a sucker's game. The real estate agent just gets money for hanging out and reading listings you can read on your own.
Pretty sure you can offer 100k below listing and they will eventually accept(because they will be desperate). Also, if they are facing foreclosure/negative amortization then even more incentive
How a year changes the narrative…..everyone is dead if they are indebted …. Valuations will move down to closer to 2014 levels, so get ready for that reality
Because most people don’t have an economics degree. They only wake up after it is too late. Prices r down 17%. But if they haven’t dumped by now they won’t b able to next year or even year after. After that prices may be down 70%+. They don’t believe it because they don’t understand it… and thus it can only play out that way. A self imposed destiny due to ignorance and greed.
I have had the same problem with Listing Agents. I suspect the offer was never presented. Of course the Listing Agent is trying to maximize their commission.
If those sellers bought many years before I do not understand their position if they hey bought in 2021...I fully understand ..everyone hates being vulnerable to a predator who sees blood..😢
There are many home owners who bought years ago with potentially lots of equity BUT have borrowed all the equity out of their home. Now their mortgage/loan payments are through the roof.
@@teamsessa yes 100% there is borrowing for assets and then there is borrowing for toys furniture trips and yes renos...depreciating assets...if a client of yours has huge equity and need cash..you may want to steer them towards a Manulife One account
@@teamsessa I see too you have a 5 star google review rating..not easy to achieve in real estate...your strong points are your knowledge hard skill and pleasant demeanor soft skill
Hello ! I haven’t subscribed because I just watch the first bit when you tell a story ! Maybe a channel or videos with just stories /talking no stats as an option ?! 😊
Agent tactic get grand mother to put in registered low ball offer with agents friend ...sellers greed removed...then u go in with a better offer ..caching $$$$$$...its magic
@@Daniel.r-o8x its also called fraud...happened in Montreal and Laval this year and several agents lost their licenses...now facing jail time and public embarrassment being all over the news
Everyone is debating about interest rates. No one is even for a sec giving it a thought - what happens if Pierre Polievre is elected! If he does even 20% of what he’s claiming to do…..it will tank the market. I know this because I have seen how in my home country when the government changed 9 years back, house prices went down by 70% in some areas. Having said that whether I own a property or not, high home prices never benefit the larger population, ever….
dude presenting in person or email doesnt mean shit. my realtor did the exact same thing, closed a property for 52k less than the list price and was all done over digital.
Feds will start cuttings, so will BOC. We have a massive delayed demand for housing in GTA + nobody was building new houses for a while. A whole bunch of developers are going bankrupt. This is a hot-red recipe for a HUMANGOS bull run in a near future.
It's coming for sure.. end of 2024 or spring 2025. It will trend up for a bit at a slow pace.. but it will turn red hot the following seasonal market and spike.
@gregsadychko2063 If fed or BOC cuts interest rates then there will be hyperinflation lot faster than before (the root cause for current high inflation in all western nations is due to impending de-dollarization). So, they have to raise interest rates again unless they increase their "target" inflation rate to 10% from 2% 🤣🤣
@@baseline6786. High i rates don’t cause inflation. Inflation is caused by loose monetary policy ( quantitative easing). Inflation is caused by money printing (not actually done here or in US)… or money creation by banks during loan creation. When banks give lots of loans… at any i rate… inflation skyrockets. However jn reality, they don’t give a lot of loans at high i rates. So in practice, it is really only low interest rates that cause lots of loans and thus inflation. An exception is that after a yield curve inversion correction, after i rates are dropped back down, banks don’t lend. So in reality high interest rates never cause inflation. It does not rise the PRICE of new purchases. Inflation specifically is the PRICE of things not your monthly payment on things. It punishes the irresponsible by increasing monthly payments. Which means that that your home value did not go up. Your mortgage payments doubled and your property value actually dropped 17%… Low i rates always cause inflation… if… and only if… banks are actually willing to lend. Banks are not willing to lend for low i rates after yield curve correction until subsequent recession is over. This means they won’t lend to Joe & Shmoe for a few years to buy homes. They lend to large institutional investors during those times. You are welcome for the free lesson.
I find this channel videos consistently have titles that spell doom and gloom for sellers, yet the numbers are not drastically bad. I suggest if the goal is to present objective data, then perhaps the title of the video should be a bit more objective and not as click-baity. I don't quite understand the agenda being pursued here. Seller bashing?
The Canadian housing market is doom and gloom watch millions loose their homes in 2024 because trudeau says housing isn't a federal responsibility after the commie sock little boy nothing doubled housing costs past 8 years. That commie is the only one to blame for the decaying crumbling decline of chinada
Rates cuts are coming, I am not saying this, the Fed just said it and BOC will cut even more and RE will take off. Buyers have not left town they are just piling up on the sidelines.
Thank you so much for answering my question. It's so nice to know you read all our comments!!!! You're the best Mr. Sessa !!! Grazie mille!
My pleasure!!
Realtors and speculators are some of the main reasons why house prices are so high!
Absolutely. 100% realtors are not your friend.
I miss that old personal contact people used to have. The way it is now is creating big problems unfortunately, it's not the natural way,, we were meant to have personal human interactions.
Toronto and Vancouver house price are both in downward trend.
Fed keep this Fed Fun Rate at 5.25-5.5% for longer time
Amen!
Feds are done. They will be lowering rates a minimum of 3 times next year. Canada will follow as both US And Canadian govt, banks and people can't afford to service the debt.
@@bilko_4732oh yea? Lol. You think prices will shoot up again? 😂
@@parthppatel28definitely.
@@bilko_4732when did they announce rate cuts coming. Don't just read headlines. It's just the markets speculating, markets are forward looking, when those rate cuts come, no one knows..but not soon and not much too.. fed boc don't want to repeat the same last 3 years again.
For realtor to get that percentage for a sale is criminal. It would be more fair if they charge certain services, like professional photographing, document verification, whatever... in all honesty, this entire process should be largely automated, you should be able to complete the purchase without realtor and safely.
The buyer determines the price. No sale without a buyer...ever! Most buyers are beggars....and they don't know anything. So the sale goes in the seller's favour. They buyer pays the price...of the property...and their ignorance. Look how long it took for buyers to realize they won't live long enough to pay for a normal family home. It's a sucker's game. The real estate agent just gets money for hanging out and reading listings you can read on your own.
And for opening the doors
Pretty sure you can offer 100k below listing and they will eventually accept(because they will be desperate). Also, if they are facing foreclosure/negative amortization then even more incentive
Yep
How a year changes the narrative…..everyone is dead if they are indebted …. Valuations will move down to closer to 2014 levels, so get ready for that reality
In person is so much better! I would love to see a listing agent only accept in person offers. Now that would be fun!
You got me thinking. 🤔
R u able to do a break down for Pickering / ajax / whitby like u do for toronto 😮😮😮
Hi, the Durham report in this video is for Pickering, Ajax & Whitby.
Am I miss understanding what you’re asking for?
I love these realtors try to make it like their job is rocket science😂 what research are you doing? Anyone can research the going rate😅
Who are these fools selling now. You could have sold last year in a week for top dollar.
Because most people don’t have an economics degree. They only wake up after it is too late.
Prices r down 17%. But if they haven’t dumped by now they won’t b able to next year or even year after.
After that prices may be down 70%+. They don’t believe it because they don’t understand it… and thus it can only play out that way. A self imposed destiny due to ignorance and greed.
Well done sir!!
Appreciate it.
Good job
I have had the same problem with Listing Agents. I suspect the offer was never presented. Of course the Listing Agent is trying to maximize their commission.
If those sellers bought many years before I do not understand their position if they hey bought in 2021...I fully understand ..everyone hates being vulnerable to a predator who sees blood..😢
There are many home owners who bought years ago with potentially lots of equity BUT have borrowed all the equity out of their home. Now their mortgage/loan payments are through the roof.
@@teamsessa yes 100% there is borrowing for assets and then there is borrowing for toys furniture trips and yes renos...depreciating assets...if a client of yours has huge equity and need cash..you may want to steer them towards a Manulife One account
@@teamsessa I see too you have a 5 star google review rating..not easy to achieve in real estate...your strong points are your knowledge hard skill and pleasant demeanor soft skill
I appreciate that.
What was the list price? What was the percentage drop?
Hello ! I haven’t subscribed because I just watch the first bit when you tell a story ! Maybe a channel or videos with just stories /talking no stats as an option ?! 😊
Agent tactic get grand mother to put in registered low ball offer with agents friend ...sellers greed removed...then u go in with a better offer ..caching $$$$$$...its magic
What could go wrong?
@@teamsessa a lot ...I have heard of this ..but honesty is the best policy...that is unless you have a vendetta against the agent and sellers lol😄
@@Daniel.r-o8x its also called fraud...happened in Montreal and Laval this year and several agents lost their licenses...now facing jail time and public embarrassment being all over the news
Good luck sir 👍
Everyone is debating about interest rates. No one is even for a sec giving it a thought - what happens if Pierre Polievre is elected! If he does even 20% of what he’s claiming to do…..it will tank the market. I know this because I have seen how in my home country when the government changed 9 years back, house prices went down by 70% in some areas. Having said that whether I own a property or not, high home prices never benefit the larger population, ever….
Buyer got fleeced because they had to pay you. Would've been cheaper to just offer list.
A fool and his money...
dude presenting in person or email doesnt mean shit. my realtor did the exact same thing, closed a property for 52k less than the list price and was all done over digital.
You’re sharing your tricks! No need to do that haha
Feds will start cuttings, so will BOC. We have a massive delayed demand for housing in GTA + nobody was building new houses for a while. A whole bunch of developers are going bankrupt. This is a hot-red recipe for a HUMANGOS bull run in a near future.
It's coming for sure.. end of 2024 or spring 2025. It will trend up for a bit at a slow pace.. but it will turn red hot the following seasonal market and spike.
You can dream about it but it will never happen.
@gregsadychko2063 If fed or BOC cuts interest rates then there will be hyperinflation lot faster than before (the root cause for current high inflation in all western nations is due to impending de-dollarization). So, they have to raise interest rates again unless they increase their "target" inflation rate to 10% from 2% 🤣🤣
@@indianmilitary interest rates are causing inflation. So lowering rates and stopping Trudeau spending is #1
@@baseline6786. High i rates don’t cause inflation. Inflation is caused by loose monetary policy ( quantitative easing).
Inflation is caused by money printing (not actually done here or in US)… or money creation by banks during loan creation.
When banks give lots of loans… at any i rate… inflation skyrockets. However jn reality, they don’t give a lot of loans at high i rates. So in practice, it is really only low interest rates that cause lots of loans and thus inflation. An exception is that after a yield curve inversion correction, after i rates are dropped back down, banks don’t lend.
So in reality high interest rates never cause inflation. It does not rise the PRICE of new purchases. Inflation specifically is the PRICE of things not your monthly payment on things.
It punishes the irresponsible by increasing monthly payments. Which means that that your home value did not go up. Your mortgage payments doubled and your property value actually dropped 17%…
Low i rates always cause inflation… if… and only if… banks are actually willing to lend.
Banks are not willing to lend for low i rates after yield curve correction until subsequent recession is over. This means they won’t lend to Joe & Shmoe for a few years to buy homes. They lend to large institutional investors during those times.
You are welcome for the free lesson.
I find this channel videos consistently have titles that spell doom and gloom for sellers, yet the numbers are not drastically bad. I suggest if the goal is to present objective data, then perhaps the title of the video should be a bit more objective and not as click-baity. I don't quite understand the agenda being pursued here. Seller bashing?
The Canadian housing market is doom and gloom watch millions loose their homes in 2024 because trudeau says housing isn't a federal responsibility after the commie sock little boy nothing doubled housing costs past 8 years. That commie is the only one to blame for the decaying crumbling decline of chinada
Rates cuts are coming, I am not saying this, the Fed just said it and BOC will cut even more and RE will take off. Buyers have not left town they are just piling up on the sidelines.
what happened the last time central bankers made explicit promised into the future? btw when did people start believing anything a banker had to say?