The resilience of prices is quite remarkable, given the inventory accumulation all year
@robertmarsigliorealtor16 күн бұрын
That real sticky icky, but in a professional real estate way!
@jeffotoole450916 күн бұрын
Patience. Patience.
@diyfinanceguy16 күн бұрын
@@jeffotoole4509 It’ll be interesting to watch, considering all the stimulative demand measures rolling out in December and January and the steady growth in wages. Let’s see! 👍🏻 In any case, I'm just glad we’ve got Rob delivering some objective coverage. 😉
@anthonym913015 күн бұрын
Real estate is not like the stock market it was about 5 years after 2008 before prices bottomed keep in mind a lot of these people are still locked in too low interest rates
@arjunsahgal243914 күн бұрын
High prices are the result of inflation and currency collapse
@willyg324115 күн бұрын
Buyers aren't holding back, if you don't have large amounts of equity we just can't get approved for that much.
@robertmarsigliorealtor15 күн бұрын
Even with the down payment assistance from the feds, those monthly payments are steep. It's a huge mortgage to qualify for, and I can't blame people who don't want to take that on
@ZaidGraphic12 күн бұрын
Robert Bro, you should improve your thumbnail so more people can engage with your video. Can I help you with that?
@robertmarsigliorealtor12 күн бұрын
How would you change it?
@ZaidGraphic12 күн бұрын
@robertmarsigliorealtor First of all, I will make it in a way that looks real because right now your thumbnail doesn't seem realistic. There are other things too, but I feel it's better to show rather than just explain. Can I redo this? If yes, where can I send it to you?
@robertmarsigliorealtor12 күн бұрын
All of my contact info is in the video description. I'm always down to look over a free offer!
@ZaidGraphic12 күн бұрын
@@robertmarsigliorealtor sure man i will redo it and send it to you i hope you like it
@heyyou210415 күн бұрын
Why would an aging asset that is technically slowly falling apart keep going up in price? This is just nutts. I for one will not be paying millions and being house poor for the rest of my life. No thanks.
@dansolo36015 күн бұрын
Same. I don’t want to wake up in the morning paying interest on a $900k to TD Bank.
@edamameme178915 күн бұрын
population density (immigration) and devaluing / worthlessness of the dollar ($1 in 1990 is worth $10 today in 2024) houses, gold, etc all have the same value they did back then. The "dollar" you're trying to buy them with, is more worthless.
@Hoser58414 күн бұрын
What you're not a sheep...
@Hoser58414 күн бұрын
Doesn't this smooth talker make you want to run out and buy something you could never afford?
@edamameme178915 күн бұрын
The buildup in inventory is in condos only, and its limited to 2025-2026. Prices will spike afterwards due to going from 40000 new units in 2025 to 5000 in 2027 and 0 in 2028. Houses are currently going up in price as "new inventory" is few to none (already). Basically what condos will do in 2027-2028, houses are doing now. The reason prices are "sticky" or going up is because the dollar is getting devalued and going down. A dollar back in 2019 is worth more than the current 2024 dollar, by about 40% (Trudeau printed 40% more currency during the pandemic and destroyed the value that was there before). We're heading towards $20 bread and $1 mil 1 bedroom condos, not because those values are going up, but because the dollar is becoming more and more worthless, Venezuela style. At the rate things are going all Canadians will become billionaires in a few short years.
@kanantony442315 күн бұрын
Lmao. And who's going to buy the million dollar condos?😂