Others Shouldn't Be Paying For Your Problems (GTA Condo Real Estate Market Update)

[@PastelP-b4u]

We rent a unit for work. Landlord has complained about the costs of the strata going up, getting some levies, and now, the appliances reaching an age they are getting issues/dying. "oh dang, that sucks, yeah we used to own a strata too, yeah those fees kept climbing every year" "yeah, we're going through it too replacing the dead appliances at our house too, even staying away from LG/Samsung they sure don't build em, or sell parts for them like they used to." Never complained when prices were going up thousands each week and rates were near zero but now? Could you imagine another business owner doing that? the owner of your local coffee shop treating you like dirt each time you went in for a coffee? "yeah, this latte was a hardship, I had to buy a new fridge just for your lattes! I had to put it on credit! I just wish my customers understood how unfair and what a hardship this is"

[@teamsessa]

Great analogy.

[@jrochest4642]

Yeah, most mom-and-pop landlords really don't know how the LTA works, what the tenants rights and responsibilities are, and what their responsiblities are as a landlord. And lots of them do think that tenants are more or less unpaid servants -- one reason why renting from a property management company is a better bet.

[@GreenBeanGreenBean]

You lost your argument when you said prop mgmt was better, they are in fact almost always far worse... for both tenants and owners both.

[@teamsessa]

I agree with you.

[@STSCanada1984]

It’s not just the tenants that should be respected and considered, it’s also their neighbours. I live in a neighbourhood overrun with income properties, and too many landlords - because they can’t afford to ever have the property empty - rent to terrible tenants, who then create problems for the community. And it’s usually the ma and pa investors, because they haven’t thought beyond getting that delicious rent money. An income property is not a magical piggy bank.

[@teamsessa]

The neighborhoods with the higher density of tenanted homes seems to be the less desirable neighborhoods. Same thing applies to condo buildings with a high density of tenanted units.

[@Oliver-u8t]

I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?

[@AmandaStiner]

YES!!! That's exactly her name (Georgette Wong) so many people have recommended highly about her and am just starting with her from Brisbane Australia...🇦🇺

[@Mikesimms-g8k]

She's my family's personal Broker and also a personal Broker to many family's in the United states, she is licensed and a FINRA AGENT in the United States.

[@myragrindheim3750]

The very first time we tried, we invested $1000 and after a week, we received 4500. That really helped us a lot to pay up our bills.

[@IsaacHunt4]

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

[@ClemenceLisee]

This sounds so good and i would like to be a party to this, is there any way i can speak with her?

[@kylefordinvest]

Always appreciate these updates!

[@MikesGoogleAcct]

Being a landlord is a business, a job. To be successful, you need the skills to manage the property and tenants. It's not a passive investment. One bad decision or mishandling a tenant can cost you a fortune.

[@paulshealthfitness7922]

I haven’t met a professional real estate investor in my life

[@GreenBeanGreenBean]

And yet 95% of millionaires got that way from real estate... the problem might be you

[@ashleyconnor8891]

I have

[@roadmap999]

Get out more.

[@donm2067]

​@@GreenBeanGreenBeanfinancial services created the most Bad RE investment also created a disproportionate amount of bankruptcies. You're the kinda guy who confuses education with intelligence.

[@footyball3566]

Big problem I find with all new condos is the layouts. I mean there is not even any room for a dining table and a couch or 2. No one should go near them. Investor or family. Only plausible reason is if you air bnb the property. But that takes a huge chunk of time and effort

[@55karenina]

I am glad you said it,very good,thank you

[@dociakwakyeakyeampong1566]

Why blame landlords. Nobody goes into any business to lose money. Why should landlords be any different. There are more entitled renters than landlords.

[@funny-memes-animals-daily]

750 rent and nothing works

[@Wolfpack1298--3]

Not the best time for a condo. Investment is a long term investment. Keep it and the price will go up in a few years

[@marctrottier8232]

LOLOLOL THE PRICE WILL NEVER GO UP AGAIN, WAKE UP ALREADY ! YU DON'T UNDERSTAND EVEN THE BASICS LOLOL

[@davidhughes6048]

@@marctrottier8232When you shout people stop listening.

[@1964Loukas]

They will go up ...its a "U Shaped Recovery"..and when they do ...good luck !! Especially downtown Toronto.

[@xinleizhang3209]

@@1964Loukas You know thats hindsight bias and judgement based on limited information. They will go up, but it coulda take 5 year, 10, or 20 years. It happened in Japan, it could happen here. We are only limited for a few decades of data. It's not much to go on. It's possible it will go stalemate for a long time. Its about future prospect and potential. What do you see in Canada now? Higher crime rate, deteroriating infrastructure, weak currency, immigration/population contraction, low birth rate, baby boomer wanting to retire elsewhere, lower gdp per capita. An economy driven by government job and real estate. No technology. Only thing saving us is natural resource. What are the reasoning behind investing here now?

[@Natelmun]

Try to get landlords to view tenants as human beings challenge (IMPOSSIBLE)

[@CanadianRealEstateChannel]

🙌

[@marctrottier8232]

LET'S have a partnership with non paying tenants which is everywhere now and the ONTARIO LANDLORD AND TENANT BOARD COULDN'T CARE LESS !!!!!!!! LOLOL REAL ESTATE IS DOOMED !!!!

[@suyoung8864]

There are night mate tenants who intentionally damage properties and then try to live in the unit for free! As a realtor, have you not heard these kinds of night mate tenants? Do tenants pay realtor fees?

[@suyoung8864]

I have had so many realtors who doesn’t have the best for their clients, they rush into selling their clients properties n have a big pay day. Your show is stupid!

[@azhar172q]

Santo; Are you one of them.

[@suyoung8864]

There are night mate tenants who intentionally damage properties and then try to live in the unit for free! As a realtor, have you not heard these kinds of night mate tenants? Do tenants pay realtor fees?

[@KD-ds1lp]

Do they get the equity? Values doubled