Losing Control Of Toronto Real Estate (Toronto Real Estate Market Update)

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In this episode, we look at the current Toronto Real Estate Market specifically the detached home prices and market trends for the week ending Jan 29, 2025. We also discuss how buyers have completely changed their mentality to try and time the market regardless of their own personal circumstances.
This video will focus specifically on Toronto but be sure to SUBSCRIBE for more reports on other areas!
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Santo Sessa & Daniel Sessa
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*This video, nor any of the other videos on the Team Sessa Real Estate KZbin channel, does not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only.

[@southhillfarm2795]

The great Canadian disease is the expectations of real estate hyper inflation. There are so many people that don’t buy a home but buy a potential increase in real estate prices. Sad mentality.

[@AdamSilbert]

Hit 220k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 34k in November 2024..

[@HeatherHillier]

I would really like to know how much work you did put in to get to this level

[@AdamSilbert]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Jihan Wu you're such a life saver

[@RichardArthurBaker]

As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@EricLurie-n7]

Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable

[@GregFunnell-q9f]

You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio

[@Pink-Sushi-jp]

Because of the Hugh price run up in the last 10 years, people now look at a house as an investment rather than a home to live in to raise the family. The same reason for buying as big a house you can (or cannot) afford and get the biggest mortgage possible even if you have to lie about your finances. Sad part is that some have got away with this for many years, until now.

[@davidperri8862]

Agreed People listening to tik Tok and Instagram stupidity

[@richardli5530]

High tariff = high unemployment. High unemployment = real estate crash. Take a look at 1989 Canadian housing crash. It is so strange that it seems like nobody remembers that crash. Yet it was not that long ago. I was a high school student, and I saw my cousin who bought a house and had declared bankruptcy afterwards. Ask around about it.

[@AnimeBeefRandoms]

So what?

[@bryankerr9174]

For a long time, Rome was the most valuable real estate on earth.

[@eliezerpedroso7238]

What that means is Canada is lacking opportunities, people can’t start business because of over regulation taxes and bureaucracy . Real state is the main business still in Canada that’s why still not affordable for families who needs it .

[@VinaySharma-by7ss]

You are right Santo, nobody has a Crystal ball. Those who claim either are fools or are trying to fool others

[@alil2005]

I mean sharks are getting frustrated with the downturn taking so long. I guess more time is needed for larger correction, which will happen when the job market is shaken.

[@ceasarwright7567]

When liberals print money it might never happen

[@nunezinkgaming]

Tariffs would be the nail in the coffin

[@okdepartment]

Santo looks like he's been lifting lately 💪

[@divinee.155]

A burger

[@psewgobind]

following your guidance, If you're not already in the perfect home, its time to find a better house.

[@danman-7419]

Everybody needs to relax!!

[@bitpuff]

I think the issue is that house prices are so high now that every transaction will get hyper analyzed as one conducts their due diligence. This is further compounded by the fact that so much information is readily available at your finger tips, which is also constantly updating/changing. This can easily lead to paralysis by analysis.

[@M.b.b.S-vp2wm]

No Canadian Detached home is worth more than $800k Even that figure is Hyped and False..Quality & Workmanship is not even worth $500k... BUYERS DON'T BUY!

[@grizzlegreezz9696]

I agree. new houses are made out of matchsticks. Life-long debt and people trading houses but no real production going on. We need productivity, not real estate trading. That's why china crashed their own market . They didn't want their economy to be reliant on real estate and more of a high-tech manufacturing hub. That's what we need to do.

[@passion4923]

I agree with you 100% this time around(still don’t agree with your east end mapping when it comes to condos-pretty soon you may bring Scarborough all the way to Yonge Street🙄)

[@dirtyburger7528]

Alot of experts in the comments as always got everything figured out

[@samben8915]

Most of time they are better than realestate agents

[@igorhariton3112]

who is buying?

[@smity25ca]

Record levels of Gold imports and contracts for delivery 🤔 you might want to get some 😉

[@crochet7322]

But the building cost will increase alot because of the US tariffs. And will affect the construction to delay alot and create shortage of supply in the near future. Price is always depends on supply and demand right?

[@samben8915]

Till the price becomes no affordable

[@msingleton]

These are the consequences of living in an investment. You should never, ever, live in an investment.

[@louismartin4446]

Santo… parla poco, dite tanto!

[@Nemija]

Dite or dice? 😀

[@baseline6786]

Sales n price will get better Q3. So long as 🍊 👨 👎 goes 👍

[@ycatthebrave]

People are missing whats coming. AI is going to decimate entry level knowledge worker jobs in the next 3-4 years. Thats a huge chunk of employment in Canada, and they typically make 70k-100k. Imagine what happens when you take a high percentage of those jobs out of the market and thus eliminate that buying power. AI and tech is deflationary and you're going to see that play out in housing very soon.

[@Carolinapetroska]

Wow, that guy was such an idiot !

[@AG-hl1ni]

More correction to come

[@doinitforfun888]

Agents keep taking over priced listings and sellers are hiring, friends or family members with a real estate license to list there properties which makes no sense.

[@parthppatel28]

Some Realtor still think market is only going up.. 😅.

[@AnimeBeefRandoms]

depends on your time frame.

[@parthppatel28]

@AnimeBeefRandoms next 2-3 years

[@parthppatel28]

@AnimeBeefRandoms with probability I can say that more likely we'll see flat market for next 5-7 years but there are changes of a bit of a dip in recent 2-3 years.

[@vert911]

Wont be long now before we have a sellers market in all categories. There is currently a massive push to get people back into the office again. Condos will be fine.

[@gimusk5667]

The muppet boiler room condo flipping market is dead 😂

[@greatchalla3799]

These are tomorrow’s Covid Hotel’s……cesspool’s of germs and outrageous management fee’s over seen by dictatorial nit wits living in those silos.

[@greatchalla3799]

I call it the old “ Snooze You Lose”……syndrome……remember Greed is a terrible affliction 🤡🤡🇨🇦🇨🇦👍.