listing agent thinks we are all as stupid as he/she!

I love the idea of paying my entire career's worth of income just to pay off a mortgage on a tiny home so that my grandkids can spend all their income on property tax to be allowed to live in it.

Dog Crate condos throughout the GTA will be selling for $250k. Mark my post.

How many percent of the population bought home and refinance after 2016. Only few. How many percent of population owns their home in canada? How man people have only less than 25% mtg on their house? I like to hear about this data more😆

RE will collapse with 25% tariffs. Large layoffs. No one will buy no matter how good the price will become with job uncertainty. $2.2 Trillion in mortgages nationwide. Gov Canada does not have that kind of cash to rescue home owners or future buyers = 1 year's worth of GDP.

The problem is GUYS LIKE SANTO WHO TOOK THE TIME TO GO THERE ....HE IS GREEDY..

Nothing NOTHING IS WORTH 1.7 MILLION...NOTHING

Playing games....

That is the problem of so many Real Estate Agents today is jut list on the MLS without advertising is the only reason many Real Estate Agents Fail

Happened to me just yesterday. I put in a reasonable offer for a house. At first the selling agent was stirring the pot with, "there are 4 bids." Turns out there was only 2 bids, mine and another. The agent comes back with, "make us a better offer." WTF? Why don't you just tell me what the Chinese investor wants? No response, so we put in a slightly higher offer. Wait 3 hours for a response, agent calls and says no dice. Currently, the listing is still live. Put the real price they want and STOP PLAYING GAMES!!! It's such a waste of time if the house was never in my price range. I wish we could follow Austrailia's live auction process.

Dont buy until it falls below a Million

Builders keep raising the prices because of the lobby to increase their profits. Just to INCREASE profits...not Make profits..that theyr will do anyway

None of the houses,detached, in Canada are worth more than 800k. Never were pre covid, not even now. In fact workmanship n quality of material used has gone down drastically. Its just Builder-Agent Nexus thats trying to keep the hype up.

If you're on the market for months, you know your price is too high.

Lol imagine the crash bros and negative nellys predicted all of this. Wait till these tariffs start tomorrow😂

The muppet boiler room condo flipping market is dead 😂

Let them sit on the market. No one is fooled 🎪 🤡 They think some investors going to buy it for the basement haha No one is going to rent a basement at these prices either! Ridiculous! The problem is, these sellers were duped on the buying end because no one told them they wouldn’t get the equity they thought they would. Sell because you want to move. Otherwise, be greedy and sit on the market. Haha I do feel somewhat bad for them but common sense is free. Realtors also got greedy seeing that 2.5 on over a million; nice commission. But if you were honest, you would humbly take your commission on a reasonably priced house and all would be well. Ah well. Greed is prevalent in all economies. ♥️🙏 🇨🇦

Santo, you know why they do this. The agent will take any listing,if it sells they get paid. If they are more honest with the seller about the price,they wouldn’t get the listing. All it takes is one buyer to fall in love and buy the house.

Greed greed greed.

It’s as simple as this: If I buy an egg for 1 dollar and make a French omelette of it which I sell in 2 dollars does not mean price of eggs increased 100 percent overnight. Market is indeed crashing but prices appear to survive because better and better renovated houses are selling at lower price. Raw houses are sitting in market forever perhaps waiting for foreclosure.

Wow that’s like “save 2¢” on $17, a real door-crasher 😂

Santo, You work a lot on these weekly videos. However, this data is not a true representation of where market is going. That’s because most of these properties sold have been heavily renovated. The cost of renovation should not be included to spot the trend. In reality, the housing market is way down, somewhere around 2018 prices.

That the trend in Brampton Price reduction every 3 months

What’s worse are the morons who pull their listing, after not selling, for a HIGHER price.

This is exactly why some houses don't get sold

I just closed on another unit near square one. Ripping the entire thing out with new appliances washrooms kitchen etc for 70 grand. Getting a new unit for the price of used.

Have you seen the roadways some botched up sink holes 🕳️ we’re on a tectonic plates that are deteriorating, no government oversight what are these jokers thinking

Looks like people with 2 million dollar houses are playing the exchange game.when those people require new buyers to withdraw their equity for retirement, they will not sell anywhere near that price.

There's one home on my street owned by a numbered co, i was curious and looked it up, the company has three owners and i believe some are living on the property and one that i spoke to is in the RE business. Nice people, Good neighbors, nothing out of the ordinary, except for the ownership arrangement. House is very well maintained and pretty sure if it ever hits the market, it will fetch a very good price.

Fear stage is initiating.

Me as a buyer WOULDN'T Waste time behind a company sale IF they can't sell it where the right prices are. It's easy for them to go insolvent and not care if they don't get their unrealistic price. Stay away if they don't seem keen to work with you.

Buyers are allowed to ask any questions,that is your job to answer

🙌

The muppet boiler room condo flipping market is dead 😂

👏👏👏

Santo will you do an update of the detached market in Vaughan?

Buying under a corporation limits your liability in case of lawsuits or anything like that, don't they? Maybe I'm misinformed but I always thought people were insane for holding rental properties outside of an entity. If your tenants gets injured or something happens and you find yourself on the wrong end of a lawsuit related to your property, game over. Your entire net worth is fair game for the lawyers. Am I wrong?

Big Short 2

My brother in law bought it in the US and it was listed 840 bought for 340

Buyers tend to believe that if a property is not owner-occupied, the seller may be more willing to accept a lower price, as they likely want to avoid holding onto a property with negative cash flow. In contrast, for an owner-occupied property, the seller is more inclined to stay, as they still need a place to live regardless of the financial situation.

Yes I did get a better deal but not by much. They are just abit more reasonable

Hey keep it up these vids ade nice to see info on graphs and laid out.

Anyone trying to sell a condo in the GTA just take anything you can get because prices are going to continue dropping by a lot

i see SOLD sign now a days

no one wants this kind of dog crate condos anymore.

Yay finally !!

Could you PLEASE, be more succinct and to the point you are attempting to make.

There is NO 'market'.... nor 'floor' therein currently for GTA Condo's. The simply fact is the reality now presenting is suggestive of an accelerated return to a median servicing income potential price discovery fundamental in the Condo space. It doesn't matter Seller 'costs'. it does matter what others have Sold for even 3 months ago. All that matters is what a GTA median servicing income potential is capable of providing.... completely devoid of the unprecedented in history low-rate fueled speculative sentiment injected False demand premium to past valuations. Under any Monetary Policy rate assumption maintained above the real zero bound inflation target GTA 'gdi'(income) potential as derivable from "real" (non-Debt expansion distorted) GTA gdp is suggestive of $500-$600/sq/ft.

how do you sell 90% over valued concrete boxs

Toronto condo market s dead