This WILL Happen over the Next 6 Months in Toronto

[@65moonwalk]

As a carpenter for the last 22 years ,all you have to do is look at subdivision proposals,all you can see now is tumble weeds blowing down the street

[@CanadianRealEstateChannel]

Great breakdown of Toronto's real estate trends!

[@michaelouzasrealestate]

Thanks for watching!

[@randomstuffman01]

Interesting. Thanks. toronto

[@michaelouzasrealestate]

Thanks for watching!

[@don-cw1yz]

Well, interest rates are dropping. When interest rates drop house prices rise. Then you have a housing shortage in Canada. So house prices are not going to drop off a cliff. If anything they will rise.

[@Stefano-gr4xo]

Detached houses especially are over priced. Conservatively average house is $1.5 million in the GTA. Who can afford $300k deposit ??? What about household income requirements ??? This isn’t logical… Inventory is one thing but having qualified purchasers is another. IMO house prices need to drop in half !!

[@michaelouzasrealestate]

Down Payment requirements will be changing on December 15th, stay tuned for the next video breaking those down.

[@robertscott8336]

Your right, it isn't remotely logical, and not just a matter of opinion. Prices have to drop by at least 50% to fall in line with what Toronto incomes can support. Only investors and speculators can afford to buy at these prices, and they can only flip the properties amongst each other, no one else can afford to even get into the house as poker chip game. And if you do happen to be an investor, you'd have to be crazy to buy into the deflating bubble, with rising unemployment and an economy in recession.

[@echabbewal]

you seems to have great faith in CAD & in capacity of Govt to not to tweak rules as required

[@peej91]

We usually follow suit with the USA. Have you heard what trumps doing. He’s not wrong

[@michaelouzasrealestate]

Even with all the rule changes over the years, new listings still dropped off going into the new year and went up through May.

[@goldguilder9554]

It’s become like an Alibaba stock

[@Longlivesf]

😂😂😂😂😂

[@lgalazka]

😂😂😂😂😂😂😂