Toronto Real Estate: Tenants have never seen opportunity like this

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Toronto Real Estate: Tenants have never seen opportunity like this! Learn why 2024 is the perfect year for renters to consider buying. Our video breaks down the latest market trends and offers invaluable insights for first-time buyers in Toronto. Understand the dynamics of rental price stability, significant market shifts, and receive expert tips for navigating the city's real estate opportunities. Ideal for anyone aiming to transition from renting to owning in Toronto.
#torontorealestate
00:00:00 Introduction
00:01:00 The Toronto Real Estate Market in 2024
00:03:33 Key Market Trends
00:05:47 Tips for First-Time Home Buyers
00:07:50 Conclusion
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Instagram: @michaelouzasrealestate
Facebook: @michaelouzasrealestate
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Michael Ouzas is a Realtor in the Greater Toronto Area, specializing in residential condos, townhouses and houses. A former professional hockey player of over 13 years with a family of Realtors and almost a decade of personally owning/investing in estate, I love to work with amazing people and help them with their real estate goals.
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The opinions and observations expressed herein are solely my own, Michael Ouzas'. These opinions are not Royal LePage Signature, Royal LePage or the TRREB and should not be misconstrued as financial advice or to solicit anyone currently under contract. Please consult a professional and complete your own due diligence prior to taking action on any decisions relating to the matters discussed in these or any of my videos. This communication is not intended to cause or induce breach of an existing agency agreement nor is this financial advice. #torontorealestate

[@SidCV-q2b]

good watch. plus with rrsp limits for hbp up to $60k. very compelling to at least look into the mkt at this point

[@michaelouzasrealestate]

I've linked the Listed app to the description which helps with the search and sold prices.

[@pablosubak8567]

Sounds good however it's so much cheaper to rent than own now rent 2500m vs own with 100k down 3k per month plus tax and condo fees. So around 4k a month.

[@toddygallent7258]

The problem with that thinking you're only thinking about today. You should be thinking about long turn. It's better to have the financial pain at the beginning of your financial life than at the end of your working life. You ask Any senior citizen now who rents and they will tell you the difficulty of renting

[@aman4u18]

@@toddygallent7258 Your long term is having financial pain for 25 years. Economic System doesn't work like what you guys think and make other believe. There is no way some people will sit and make money and others work. This can happen for few years but then again balance come into play. You can save a lot until your retirement and buy in the dip. Moreover home is presented as assets but they a lability until you sell them.

[@mightygodking]

@@toddygallent7258 $2500 a month in rent plus $500 a month in investments will give you a much more reliable investment return than $4,000 a month on a mortgaged home.

[@coffeesleeves]

Not biased at all......

[@michaelouzasrealestate]

Just basing this on the data I'm seeing currently. Could change either direction as the year goes along. What's your favourite coffee shop in Toronto?

[@Ray-mk7zk]

It's a buyers market when I can get a deal lol.

[@michaelouzasrealestate]

There's another video on my channel breaking down how to find deals for condos in Toronto

[@dominicparadis3428]

This guy a goofy