Price of a home in Canada will increase in Q4 of 2023: Royal LePage

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Күн бұрын

Пікірлер: 82

@canadahodl5941 11 ай бұрын

It’s never a bad time when your job relies on people to buy. Never hold. Buy buy buy. Realtors are worse than a dentist working out of a house.

@zohahs5276 11 ай бұрын

She is in a state of denial, that's what its called exactly.

@leudachriss8854 11 ай бұрын

This comment deserves a super like!

@GETLITUP69 11 ай бұрын

Just a bunch of delusional culty people. Its a collusion..every one is on the high price game. Builders are offering high prices because their greedy and can. And Joe Shmoe.. thinks their piece of crap is 600k. We need another hike to break people. Get housing prices back to normal.

@ad03dh 11 ай бұрын

She is taking crap. All the prices are going down. Nothing has sold in my area at list price in 6 months

@stevestevens502 11 ай бұрын

yeah and how many actually sold at all?

@peej91 11 ай бұрын

Lmao she’s obviously biased. The data ain’t showing an increase. It’s still way to early to tell since a majority of renewals hit 2025 and 2026. Debt to income is way too high and intrest rates ain’t getting below 2 percent ever again. Who knows 🤷‍♂️

@danca5719 11 ай бұрын

Lol, your reason is super flawed. Debt to income ratio has been way too high since 2015…or even way earlier, but it never stops the house price. Same as any major cities around the world. So debt to income ratio was a big distraction since the beginning. And majority renewal has already been happening for at least a year now. Did you see house price plummeted? Not really. Even in Toronto, there are still houses sold higher than asking price. So majority renewal isn’t the reason that is going to affect the house price. So who is biased? Just stop listening to those youtubers who talk about bubble bursting. They were just trying to get the views because youtube pays based on the views. They are actually making money off you fool!

@universalsorrow 11 ай бұрын

but rates are gonna go back to 1% by that time

@peej91 11 ай бұрын

@@universalsorrow 😂

@rachelk8368 11 ай бұрын

Not sure why they think prices can keep going up....? Calgary has house prices dropping. Toronto and Vancouver RE KZbinrs are giving advice on how to sell now before their markets collapses.

@danca5719 11 ай бұрын

They think price keeps going up because they don’t believe youtubers who would whatever for the views😂

@DanielH874 11 ай бұрын

Of course the COO of a large real estate brokerage is going to say home prices will go up lol.

@haqueash 11 ай бұрын

and this is why you SHOULD never trust a real estate agent !!!!! PRIME example !!!! everyone talking about job market booming !!! BUT no one mentions what kind of job market it is ? can you really afford a mortage working 40 hrs at Mcdonalds or tim hortons ???? cas i can tell you, the service industry for skill trades is slowing down drastically !!!!!

@shauncameron8390 11 ай бұрын

Since when did the housing market care about that crowd?

@haqueash 11 ай бұрын

@@shauncameron8390 back in 2000 you could !!!!

@shauncameron8390 10 ай бұрын

@@haqueash Only if you were partnered up with someone working a higher-paying position.

@K4Financial 11 ай бұрын

Interesting how I’ve never seen anyone who represents a brokerage predict anything but huge gains. Basically the most painful year any Canadian consumer can remember and they still think real estate is going to go up 7%.

@donm2067 11 ай бұрын

Thats all we've known for 20 years is a min 7% gain

@K4Financial 11 ай бұрын

@@donm2067 in two markets, that may be close to true. Generally, a straight up run that is above average growth for decades will end poorly.

@Hachikii 11 ай бұрын

Blah blah blah

@gigachad_6862 11 ай бұрын

Today etobicoke home that a person bough last year Jan at 1.28 MN was sold at $ 9,50,000. My friends new home bought last year in Feb at 1.4 MN in Mayfield Brampton is not able to sell at 1 MN now😅 So real estate is that down. Now I have seen streets where half of homes r for sale at last year peak prices but nobody is buying and they r reducing 100,000 listing price every month 😅 Ppl bought homes at exaggerated prices while at low interest rate now everyone is trouble due to recession. Recession in USA is also coming so Dark days for Canada ahead😅

@beautanner8409 11 ай бұрын

What's alarming is not a few percentage points decline, but rather how egregiously high prices have become - THIS is what is worrying.

@parthppatel28 11 ай бұрын

Oh yea? Meh meh meh, blah blah blah lol. You kidding me? Get some education in finance and economy and see what's happening around the world and in this country.

@SzymonStas 11 ай бұрын

Didn't Royal Lepage predict a 10% increase in 2022, only for prices to decline by 10% instead?

@weaselsoup3105 11 ай бұрын

The entire market (and canadian economy) is built on housing speculation. She can't come out and say "we are expecting home values to drop off". It would lead to a panic of selling which would actually drop prices and take the economy with it. No they have to maintain confidence that real estate will never drop and home prices will only go up.

@ceasarwright7567 11 ай бұрын

Yup ..its called a ponzi scheme

@parthppatel28 11 ай бұрын

Okay and how many predictions of Royal LePage came true? 😂. Royal screw page.. lol

@SzymonStas 11 ай бұрын

Next up we're interviewing a mosquito on the benefits of leaving your windows open at night.

@lordtutinean90 11 ай бұрын

Housing expense and poor housing availability is such a horror story that I could run for public office from a new political party JUST and ONLY to fix this problem and to get inflation down (I do not mention the increase in mortgage rates due to the massively higher interest rates!) Then we need to start reducing the MASSIVE bureaucracies backing city, province and the federal governments. Food and fuel will also need to face a Wind-Fall profits tax as they are too expensive. We also need reduced taxation....can I get your vote??

@gigachad_6862 11 ай бұрын

Where is this women living. I can sell her home that lost 20 to 40 % from last year peak in Canada. Whole streets in many new neighborhoods r on sale due to the reason that they bought after COVID at peak prices but now they can't afford with loosing value of homes. Double jeopardy 😅

@trip7779 11 ай бұрын

lies! how is home prices going to increase in "Q4" this year if the prices are currently in declining motion? I've recently fired my Royal Lepage agent after listing my house for 3 months without any offer lol.... they don't know what they're doing over there.... i called Al Sinclair, paying 50% higher commission but I'm confident Remax will get it sold. House is about to go on Hot Property 😂 which is going to be very exciting to watch and see if that helps get the exposure it needs to hopefully sell

@Hotmail727 11 ай бұрын

I’m not listening to these scammers…dollar high, gas price high, inflation high, interest rate is high yet these ppl continue to encourage ppl to buy.. everyone going to loose 30% value of their home by 2027.

@rnainggo1690 11 ай бұрын

Canadian RE market is a speculative market. All it takes for Canadian to panic and MOFO is by doing exactly this, Nd its been working unfortunately. Sales people don't care if the market drop, they eat based on market movement, even a bit of movement.

@sharinglungs3226 11 ай бұрын

Power of sales have gone up and cottage country isn’t selling. She trying to talk up the market but the reality is these prices aren’t sustainable at these interest rates.

@babba9960 11 ай бұрын

bnn will do its best to bring buyers

@rjkrjk8344 11 ай бұрын

Prices increase yet you don't have many who can afford to buy them. So who's going to buy these homes. That's why it's utter nonsense that prices will increase. Propaganda to keep the market from collapsing faster 😮

@mylesax4808 11 ай бұрын

The mythical immigrants that are apparently all millionaires able to afford the homes. In reality they work at Tim Hortons and make $8 an hour.

@bittertruth1208 11 ай бұрын

BoC doesn’t care inflation much they hold interest rates to prevent the real estate collapse 😢 Banks trying to hold real estate prices which is not going to well

@dirtlump 11 ай бұрын

BWAHAHAHAHAHAHA..... CREA 'analysis' is a joke. What part of current GTA and elsewhere Real Estate valuations are "unaffordable" under current Financial conditions do these people NOT "get" ??????????????????????

@user-pe3tt7iu7g 11 ай бұрын

"Royal LePage" - source

@proudcanadian1837 11 ай бұрын

Lmao the last people anyone should listen to when it's about pricing and selling is a real estate agent. Their lively hoods are directly linked to it. They may be good for talking to activities in the market but not "when should someone buy" as they would paint tk pictures as "buy or sell now!" As it's business for them and $$$. It's like having the wolf look over the hen house kind of situation. 😅

@MercuryLS3 11 ай бұрын

Dead cat bounce.

@carstenerbe3926 11 ай бұрын

Canada is not Toronto, Vancouver and Calgary. Cover the story in Moose Jaw, Red Deer and Dildo.

@khusseinkhomeini 11 ай бұрын

hehe dildo

@jaymar1615 11 ай бұрын

@khusseinkhomeini how big is dildo 😂😂😂

@shauncameron8390 11 ай бұрын

Why? Barely anyone lives there.

@arkanfathallah6432 11 ай бұрын

Those people and corporations are corrupted and should be held accountable

@jasonb4254 11 ай бұрын

Real estate company wants real estate prices high. LOL. The crash will happen.

@stephenr6194 11 ай бұрын

So..she is not only the cheerleader and also the price pumpers😂

@4spooky8u 11 ай бұрын

lol of course the real estate agency is predicting house prices to rise.

@adam.vision 11 ай бұрын

BNN needs to stop interviewing these type of people

@thiagoscf 11 ай бұрын

Why listen to those who profit from such "predictions"? Their "opinion" is obviously biased. Very poor journalism

@darrenyoung4893 11 ай бұрын

i think a 10 percent drop from now to middle next year the economy not that bad and a strain on housing still the real story is where will rents go lots of poeple with cash on the fence

@brennanhandy7770 11 ай бұрын

There's really no reason to think this coo is correct. Also. There is data that shows that what she's saying is wrong.

@ryanwilliams989 10 ай бұрын

Back in the day, when I purchased my first home to live-in; that was toronto in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@TheresaAnderson-kf5xw 10 ай бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@maryHenokNft 10 ай бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

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@maryHenokNft 10 ай бұрын

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