Hidden Truth Behind 55% Jump in Toronto's Rental Listings

[@chadgriffith1969]

Real estate can be quite a rollercoaster, the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate my entire $700k liquidity value to my stock portfolio or just stay 100% cash?

[@justlikeasoldier]

in my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor

[@bukki07]

Right, I and a few neighbors in Bel-Air area work with an advisor who prefers we DCA across other prospective sectors instead of a lump sum purchase. Following this, my portfolio has yielded over 120% since early last year to date. IMO, nothing beats expertise.

[@verycautiouspersona]

I've worked in real estate for 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. Mind if I look up the professional guiding you please?

[@bukki07]

Katherine Nance Dietz is the licensed advisor I use. Just google the name and you'd find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@everceen]

such an eye-opener! cant wait to experience financial advisory at first hand... curiously inputted Katherine Nance Dietz on the web and at once spotted her consulting page, she seems highly professional from her resumé

[@findtom1]

The whole supply vs demand argument for toronto real estate going up in perpetuity is slowly but surely going up in smoke....

[@xyz1663]

Those condo speculators must feel like real suckers now. They drastically over payed for pre-cons years ago and can’t even close. FOMOed the greedy to sign, figuring it will be the buyers problem…

[@robopalo8041]

To top it with a cherry, I hope they get shitty tenants.

[@rosabella3960]

Great content!

[@Ricardo-gs2ce]

Slowing construction will exacerbate the housing shortage, leading to increased demand for both rentals and purchases in the near future.

[@xyz1663]

There is no housing shortage. HALF the condos are EMPTY. 😂. Just need to go after the mortgage fraudsters and problem solved

[@LearnwithAaryaandDad-w6i]

Slowing construction means job losses in related sectors means these people will not be able to afford to pay rent leading to further drop in rent and increased inventry. Immigrats will not come as job market will be terrible.

[@Ricardo-gs2ce]

@@xyz1663 that’s because there are a lot of buyers waiting for the rate to drop cause they are price out.

[@Ricardo-gs2ce]

@@LearnwithAaryaandDad-w6i immigration still increasing when rate drop it will help in increasing more jobs.

[@Ricardo-gs2ce]

@@xyz1663 buyers are waiting for the rate to drop so they can effort the mortgage? We might drop to 3% rate mid of 2025

[@CristianEnacheRealtor]

When discussing real estate, maintain a relaxed and well-informed demeanor. Almost all information you encounter serves the purpose of attracting you as a client. By critically analyzing and understanding this information, you can determine what is best for you. A recent trend in Canadian real estate advertising involves complaining about politics and general life issues. This strategy attracts discontented individuals who believe they are in good hands. Are these KZbin videos effective? Absolutely. However, it is crucial to discern the best path for yourself. In this industry, no one is universally the best. Success comes from trusting your Realtor. #RealEstate #Realtor #CristianEnache #RightAtHome

[@MapleCanada-w6g]

Just wishful thinking. Can't expect an Agent to say crash is coming. 🤣

[@xyz1663]

They don’t have to say the obvious. 😂

[@LearnwithAaryaandDad-w6i]

Most funny thing is how do they think the immigrants who will be paying rent. How these immigrant will get money from when the Job market is bad. They think immigrants comes with bags of money for paying to the landlord.

[@Mehmed317]

@@LearnwithAaryaandDad-w6ino but the rates cuts will boost the money park in the real estate.

[@xyz1663]

The smart ones already dumped years ago. This is phase two, where buyers completely disappear and suckers that bought wake up to see they are last group holding the bag in a ponzy about to unwind. Prices could drop 50 to 75% over next few years. Not financial advice, do what u want.

[@robopalo8041]

I hate both landlords and tenants. They are creating nightmare for owners. So whenever I get a time to talk to foreign students, I teach them rights and how to screw landlord. Not to pay rent is fine in Canada and they can save a lot money. Gladly help them, although I do not really like them. But what I despite more is landlords. I hope that some took my advice and stopped paying rent.

[@xyz1663]

How did those bullish predictions turn out in 2023?

[@Lifeisapartydresslikeit]

They stayed the same, the sky isn’t falling and if rates go down to 3% by end of 2025… what’s going to happen?

[@ajithantony5674]

Buddy, u talking about immigration going up. Please understand immigration u mentioned 500k next year, those people already in Canada

[@Lifeisapartydresslikeit]

What about 2025, 2026, 2027? You think immigration stops here?

[@ajithantony5674]

@@Lifeisapartydresslikeit already 2+ million temporary residents living in Canada hoping to get migrated as permanent

[@xyz1663]

Are you transitioning over to a real estate bankruptcy specialist? U may be better at that

[@Plumber60423]

Guys like condowong want you to buy. Landlords like me want you to rent haha

[@truemiddlenation]

He put effort to put information together so you can watch it...why go through the trouble of being nasty? Just don't watch...

[@Lifeisapartydresslikeit]

Hahaha I love that. I’m a landlord too… that’s actually hilarious 😂 the bears are going to be mad now

[@Plumber60423]

@@Lifeisapartydresslikeit 😂

[@ajithantony5674]

Crash ahead

[@wesk8164]

You sounded bitter 😅

[@HK-ys4gq]

@@wesk8164 You sound like you're projecting. You see how taking ~2 words and extrapolating doesn't make sense here? He's right - there is an overabundance of supply flooding the GTA condo market, and most of it is speculative investors trying to jump ship. It doesn't matter if he's bitter or not - the truth here is we have an oversupply of shoebox, low-tier boxes in the sky that nobody can afford to buy/maintain

[@Affection-yc2nk]

Since 2017, some have been singing the same song, "Housing CRASH is coming!!!" which is not a data-driving read/argument, mostly from their gut instinct -in other words, It is mainly their wishes. Thankfully, the economy does not work in that way.

[@Relaxlifeisshort2]

Housing crash not coming Maybe condo correction coming But single family homes Will be in very high demand. Especially if there isnt more being built

[@ajithantony5674]

@@Relaxlifeisshort2 people panic selling already triggered