Відео

You're an idiot!

Without investors in pre-construction, condos would not get built leading to much lower inventory levels and higher real estate costs/rental costs. End users focus more on resale or low rise (not always but typically)

A lot of blood bath 😂😂😂

You have it backwards ! If we are not building more condos ,then that means prices will go up because of low inventory So yeah 50% possibly, but up😢

@@mutatedAi your investment sense is backwards! Condo hasn’t got cap rate for over a decade and I bought only SFD, which enjoys double density these days. I’m buying more but I’ll get an upscale condo for my mom and her nursing care. It’s called luxury necessities. Condo is backwards investment but I welcome the 50% increase lol lol lol

We still have to live 😂😂😂

Cannot speak to Canada as a whole. But for freehold resale (mainly detached and semis) we see interest and price increases over the past four months of 16%. in the City of Toronto months of inventory is incredibly low for these two categories even though sales volume is down from the 10 year average. Detached MOI is 2.1 and semis MOI is 1.2.

@@PlatinumCondosGTA what website you got the data from ?

@@PlatinumCondosGTA 都唔知應該話你係盲毛，定係選擇性咁樣報導。宜家我睇到 2024年4月，average gta home price 跌左1%，又話 inventory 好低，你又幾好笑！

@@TheJlee28 This is from TRREBs April Market Report for the City of Toronto.

100k income will be fine.

7.25% AAArating

@@ampoo86 lol lol lol 😝 Pull in 150k and we’ll talk

Yes, financed by both Urban Devwelopment Bonds AND Tax credits at both fedral and state level

You're so upbeat and enthusiastic. I think all of these projects look amazing, and if and when completed, will further beautify an already beautiful city. I knew nothing about these projects, and I'm excited about it.

Shouldn’t be, many people in the industry, like the public amenities it brings to the area. With that said it depends how it gets executed

Applications have been submitted... just nothing has been approved yet. Currently are proposing new design iterations for the deck.

The illustration shows a park above the rail corridor between John St & Blue Jays Way, not all the way to Bathurst.

@@user-ew7uz4wy5q that is just one portion of the 20 acre proposal

Still won't be happening. It would be the entire stretch or none. @@user-ew7uz4wy5q

This is not true. There is no application at this time. City website: The majority of the air rights over the rail corridor between Blue Jays Way and Bathurst Street are owned by Craft Kingsmen Fengate (CKF), a private land owner. In May 2021, the Ontario Land Tribunal (OLT) issued a decision in favour of an Official Plan Amendment application made by the private land owner, permitting a mixed-use designation of the air rights above the rail corridor from Blue Jays Way to Bathurst Street. The OLT File Number is PL180211. The OLT decision can be viewed at: E-Status - Tribunals Ontario - Environment & Land Division (gov.on.ca) (opens in new window) At this time, CKF has not made any formal Development Application submissions to the City to facilitate the redevelopment of the rail corridor. Once an application is submitted, it will be made available on the City’s Application Information Centre website: Application Information Centre - City of Toronto If and when a development application is submitted, City staff will work with the applicant and stakeholders seeking to achieve a comprehensive, master-planned complete community, meeting the City’s policy objectives.@@PlatinumCondosGTA

I said it will make things more expensive and unaffordable for people living/owning in Toronto. You think this will make it cheaper? And I disagree with the statement that renters won’t take the brunt of this increase over time. Even with the cap of 2.5% we have seen a drastic increase in rent prices over the past two years largely due to interest rate hikes and of course immigration. This is a smaller increase in monthly payments but will still be an expense landlords will want covered. Most importantly we will see many applications to the LTB. Because of this “extraordinary increase” in municipal taxes (currently anything over 3.75%) landlords can apply to increase rent above the 2.5% cap.

Interesting, I agree the original plan of the relief line wasn't doing enough by just going to Pape. . but now the relief line has practically become the Ontario Line. With the Ontario Line taking over (an additional 7 stops, going further north and west) they hit areas that I think are key. Leaside needs a subway and will take a large load off of the 1 line. Main station will need something in the long run but the downtown core cannot operate with its current infrastructure.

There are definitely a lot of exciting plans for the city!

The TTC gets approximately 80% of its revenue from fares. Your plan would cripple the system. And show me a transit system on the planet with $1 fares...

@@masteronionnorth2341 yeah well that’s how some states run there transportation systems very low fees to the public. The way the TTC is going there are going to price themselves out of ridership I’d they want to gain ridership lower the cost simple

Do people own and operate cars because the TTC is too expensive by $1? That makes no sense at all.

Will be getting more details this week! Please click on our Calendly link on our account page to book your info call

Thank you!

Glad it was helpful!

More to come!

Yes, since 2015 Edmonton's unemployment has been on a rise. This has been a huge reason as to the housing market is not growing like we see across other parts of Canada. The reality is, most immigrants will first settle in one of our three Economic Hubs (Toronto, Vancouver, and Montreal), which has had massive impact on Real Estate markets in these cities.

@@PlatinumCondosGTA please try to be a little more accurate with your videos. You are spreading inaccurate information. And it is hurting everyone. As most people lack critical thinking

@@devinhall1631 what was inaccurate?

@@PlatinumCondosGTA you phrase it as this is the conditions everywhere. A lot of places this is not the issue, Edmonton, Manitoba Saskatchewan. And likely a lot of other places. The govt should be distributing these people better to reduce stress on those cities and towns that are overwhelmed. Just because immigrants want to go somewhere doesn’t mean they should be aloud to right off the hop.

@@devinhall1631 I'm glad we agree that the video is accurate, but you seem to disagree on talking about Canadian statistics as a whole (not breaking statistics down by each city across Canada) and how the government is placing immigrants. While that may be a concern, he reality is that will not happen in Canada's near future. Our economy and housing is heavily reliant on immigration (not emigration like the US) and putting such limitations will dampen the immigration numbers and make it harder to reach the targets as many people immigrate to Canada with jobs already in place, and family where they need to live for the first year or two.