Toronto Housing Market Twist: Is This the End of Distress Sales?

แชร์
ฝัง
  • เผยแพร่เมื่อ 16 พ.ย. 2024

ความคิดเห็น • 91

  • @Ballesteros-d
    @Ballesteros-d 19 วันที่ผ่านมา +50

    I’m 53 and have about $215k liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at dividend paying stocks instead?

    • @cortez9978
      @cortez9978 19 วันที่ผ่านมา +2

      after studying the trajectory of great assets like real estate, dividend paying stocks and gold, my conclusion is to buy and invest in what you can afford today! working with a license financial specialist can certainly help

    • @Marquis-9
      @Marquis-9 19 วันที่ผ่านมา +2

      Agreed, I'm in line with having a fudiciary oversee my day-to-day investing, cos my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio is well diversified and has just 5X in 5 years, summing up nearly $1m as of today.

    • @SandraJ.Aleman
      @SandraJ.Aleman 19 วันที่ผ่านมา +2

      ​@@Marquis-9 I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now.. mind if I look up the professional guiding you please?

    • @Marquis-9
      @Marquis-9 19 วันที่ผ่านมา +2

      I take guidance from ''Sophia Verdekal O'neal'' she's quite known in her field of work with over two decades of experience, and well spoken.

    • @liveformore-v8
      @liveformore-v8 19 วันที่ผ่านมา +2

      I take guidance from ''Sophia Verdekal O'neal'' she's quite known in her field of work with over two decades of experience, and well spoken.

  • @Plumber60423
    @Plumber60423 19 วันที่ผ่านมา +3

    Everyone always says real estate is too expensive. My own parents told me to not buy because the market will “correct/crash” . I didnt listen to them. I now own 3 properties. You can try to time the market but the longer you hold it the better off you are.

  • @moneymaps123
    @moneymaps123 19 วันที่ผ่านมา +5

    The housing market is going to dump regardless of rates. People are broke and employment is only getting worst.

    • @samben8915
      @samben8915 19 วันที่ผ่านมา +1

      And realestate agents will have historical low activity

  • @vert911
    @vert911 19 วันที่ผ่านมา +3

    average condo price headed over 700k shortly.

    • @samben8915
      @samben8915 19 วันที่ผ่านมา

      Condo is going to crash

    • @vert911
      @vert911 18 วันที่ผ่านมา

      @@samben8915 from what?

  • @bat2275
    @bat2275 20 วันที่ผ่านมา +9

    You need to buy this week or you are you going to be priced out of the market for the rest of your life 😅

    • @LuckyCookie88
      @LuckyCookie88 19 วันที่ผ่านมา

      Basically true, government is the one pressing on the spring and now they r slowly releasing it

  • @Lifeisapartydresslikeit
    @Lifeisapartydresslikeit 20 วันที่ผ่านมา +2

    I’ve been reading that the cut of 0.50 basis points have made a difference of $200 to $300+ a month on some mortgages

  • @StewartSoh
    @StewartSoh 19 วันที่ผ่านมา +2

    Can you do a video on the new immigration policy announced last Thursday and its implications?

  • @JaBlanche
    @JaBlanche 19 วันที่ผ่านมา +3

    More distress to come. Should have sold 2 years ago.

  • @BrianWilliam-m6l
    @BrianWilliam-m6l 19 วันที่ผ่านมา +30

    From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

    • @StephanieMoore-oj7vz
      @StephanieMoore-oj7vz 19 วันที่ผ่านมา

      I appreciate the professionalism and dedication of the team behind Evelyn’s trade signal service.

    • @JeremiahHoward-ys4pt
      @JeremiahHoward-ys4pt 19 วันที่ผ่านมา

      The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

    • @jeffbox1torres
      @jeffbox1torres 19 วันที่ผ่านมา

      Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

    • @NianLisa
      @NianLisa 19 วันที่ผ่านมา

      I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

    • @DannielleRosales
      @DannielleRosales 19 วันที่ผ่านมา

      As a beginner what do i need to do? How can i invest, on which platform? If you know any please share. i am retired from washington dc

  • @AmarachiSteve
    @AmarachiSteve 20 วันที่ผ่านมา +38

    Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude.Thank you for all the knowledge and nuggets you had thrown my way over the last year. Started with 14k now receiving $50,300.week

    • @CarolineMartin-x6c
      @CarolineMartin-x6c 20 วันที่ผ่านมา

      I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..

    • @ZoomBad-v4m
      @ZoomBad-v4m 20 วันที่ผ่านมา

      Assets that can make you rich
      *FX
      *Btcoin
      *Stocks
      *Gold
      *Real estate

    • @AmarachiSteve
      @AmarachiSteve 20 วันที่ผ่านมา

      mrs christen willburn was my hope during the 'bear summer last year. I did so many mistakes but also learned so much from it. she knows exactly when to enter and exit trades for maximum profit. her siignals are top notch

    • @Chioma-cz5ud
      @Chioma-cz5ud 20 วันที่ผ่านมา

      To be successfully in life one must take risk, investing brings success that’s why the rich will never come out in public to tell you how they make their money

    • @JoyJack-cq2pr
      @JoyJack-cq2pr 20 วันที่ผ่านมา

      went to bank to get money out of savings last 2 months August. Was told my money would be available on September 14th i was just watching video on youtube a professional trade that mide me got into crypto trading early 2024 with $20k and I'm up with $232k in a short period of time

  • @MauriceDeClerk
    @MauriceDeClerk 17 วันที่ผ่านมา

    Sorry mate, need to have distressed sales first before you can claim and ending to it. Prices need to drop 20-30% for that. I don't see that happening with the unemployment under 12%

  • @siddiqze
    @siddiqze 19 วันที่ผ่านมา +1

    It may get busy but you need to realize that rate cut is happening as the labor job market is not doing well.

    • @LuckyCookie88
      @LuckyCookie88 19 วันที่ผ่านมา

      Ppl don’t understand how many jobs and businesses are related to “the house”. Think from the roof to the basement what you need to build it and what you can buy to furnish the house and the people that works for those things eats in restaurants when they work or get their pay checks. When you leave the real estate industry alone without govnt intervention, you save the labor market

  • @BobSmith-bw6so
    @BobSmith-bw6so 20 วันที่ผ่านมา +4

    Condo wong hoping for fomo again
    1) Toronto and Vancouver condos are in trouble
    There's ballooning condo supply
    2) interest rates won't go down to pandemic levels
    So it will be a net increase vs pandemic levels
    3) many people think that if rates go down, properties will sell at the same rate and prices as before but this ignores the fact that although inflation rates have gone down real cost of living has spiked over the last few years. This will impact the amount they can pay for condos
    4) per construction was purchased at 1500 per sq ft in Toronto, resales are currently at about 1000 per sq ft
    Still alot of supply coming in at a loss

    • @PHATTrocadopelus
      @PHATTrocadopelus 20 วันที่ผ่านมา +2

      So now is the time to buy - ample supply and lowered prices. Interest rates just need to go back to pre-pandemic levels and the over supply of condos will not last. Nothing has been built in the last year. When these completions are over there will be a drought of anything new in 2026-2027. And if you believe that immigration will go down to zero then when the economy picks up we'll be right back at needing more people at a time when we have les housing. The cycle continues. Humans are pretty basic.

    • @GreenBeanGreenBean
      @GreenBeanGreenBean 19 วันที่ผ่านมา +1

      condos will be raging higher by end of next year as the rapidly declining interest rates flips everyone back into cashflow positive territory. Me and my low mortgage amounts and low rates are printing money.

  • @mechtechtools838
    @mechtechtools838 19 วันที่ผ่านมา +1

    Good advice👍

  • @stephenfermoyle4578
    @stephenfermoyle4578 7 วันที่ผ่านมา

    such a waste of energy and people's time. what now...? tell people they have missed the chance...quick it's up 44 percent run !!!! very very sad

  • @Ricardo-gs2ce
    @Ricardo-gs2ce 19 วันที่ผ่านมา

    Supply will continue to shrink, and you can imagine what that will lead to-no need me spell it out. Another 50 bps cut very soon.

  • @jaymar1615
    @jaymar1615 20 วันที่ผ่านมา

    You rehab desperate investors forget that mom and dad helped boost the 2021/22 housing market with 10.7 billion in gifts to adult children in ontario alone.....that's gone that stung them bad that will not happen again

  • @dirtlump
    @dirtlump 19 วันที่ผ่านมา

    Not even top of the 2nd inning yet into this mess/crash/correction..... very simply not enough servicing gdi(income) derivable from Canada's barely $2T gdp to service/maintain the payments on the now exploded $3.4T combined Mortgage/Consumer Debt let be further Debt expansion supportive of any resurgence in Real Estate.
    Canadian economy is out of money.... Dead cat bounce at best.... and BoC rates can NOT subsidize the required servicing gdi(income) deficit into still 4.5 Million Mortgage renewals(450,000 Negams) occurring through Q4/2026 ALL at higher rates regardless from when initiated AND maintain the consumer spending reliant gdp the gdi(income) is derived from.

  • @ronpd1982
    @ronpd1982 20 วันที่ผ่านมา +1

    I hope he isn't wong about this turning market thing.

  • @PHATTrocadopelus
    @PHATTrocadopelus 20 วันที่ผ่านมา

    Timing the market does not beat time in the market

    • @Plumber60423
      @Plumber60423 19 วันที่ผ่านมา

      You don’t wait to buy real estate you buy real estate and wait

  • @reynoldslacybrleroymeuschke
    @reynoldslacybrleroymeuschke 20 วันที่ผ่านมา

    !I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $2m+ before retirement.

    • @HaholBarton
      @HaholBarton 20 วันที่ผ่านมา

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @AnastasiaAngelinaPetrova
      @AnastasiaAngelinaPetrova 20 วันที่ผ่านมา

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

    • @HaholBarton
      @HaholBarton 20 วันที่ผ่านมา

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @AnastasiaAngelinaPetrova
      @AnastasiaAngelinaPetrova 20 วันที่ผ่านมา

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience..

    • @reynoldslacybrleroymeuschke
      @reynoldslacybrleroymeuschke 20 วันที่ผ่านมา

      nice!! once you hit a big milestone, the next comes easier. How can i reach her, if you don't mind me asking?

  • @morrisozmen-yr2cu
    @morrisozmen-yr2cu 19 วันที่ผ่านมา

    No shortage in housing market pumpers 😂😂

  • @morrisozmen-yr2cu
    @morrisozmen-yr2cu 19 วันที่ผ่านมา

    Don't celebrate too quickly 😂😂

  • @MapleCanada-w6g
    @MapleCanada-w6g 19 วันที่ผ่านมา

    This guy is so dumb. He doesn’t understand economy and employment also play as a factor

  • @LollyMan-l5i
    @LollyMan-l5i 20 วันที่ผ่านมา

    From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

    • @ABINAMI-h1j
      @ABINAMI-h1j 20 วันที่ผ่านมา

      How please?

    • @guyreache
      @guyreache 20 วันที่ผ่านมา

      Odessa Gray

    • @Morgan-r8f7d
      @Morgan-r8f7d 20 วันที่ผ่านมา

      Yes!!! That's exactly her name ( Odessa Gray): so many people have recommended highly about her and am just starting with her from Canada🇨🇦

    • @MackAnthony-t6h
      @MackAnthony-t6h 20 วันที่ผ่านมา

      I Just withdrew my profits week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

    • @LollyMan-l5i
      @LollyMan-l5i 20 วันที่ผ่านมา

      Spot-on, I would always rate her signals as one of the best ever used 100% accurate.

  • @faisal-ca
    @faisal-ca 20 วันที่ผ่านมา +4

    Condo Wong is wrong,

    • @ronpd1982
      @ronpd1982 20 วันที่ผ่านมา +2

      I think he's wong? right?

    • @wlaw8803
      @wlaw8803 19 วันที่ผ่านมา +1

      I hate that he is wrong but sadly , he is wrong this time

    • @mechtechtools838
      @mechtechtools838 19 วันที่ผ่านมา +1

      He is right. Buy now preferably before Dec 11th or in Winter. Once spring comes prices will start to go up

    • @GreenBeanGreenBean
      @GreenBeanGreenBean 19 วันที่ผ่านมา

      you are wrong? why yes 100%