Відео

@@colourfulcreations16 thank you for watching! ☺️

Great question! Both cities are incredibly diverse, but Mississauga boasts a wider range of ethnicities and cultures. If you would like more information and discuss this in detail. You can simple book a quick call with me through Calendly link: calendly.com/faryalsellsrealestate/30mins

@@livinglocalwithfaryal thank you for your response! We are still a year or two off from buying, but I’ll follow your channel and continue watching your updates and make sure to reach out to you and book when time comes! Do you cover the entire GTA?

Hello, this home got sold for $1,150,000 back in 2022.

@@EricAlHarb hmm why is that a problem?

@@livinglocalwithfaryal Economic reasons, south asians are not a monolith, but generally underperform in Canada vis a vis other communities. When too many of them move into a neighbourhood, they drop the value of the homes. Im not in the least bit racist, but I have investment properties in Burlington, and my perception is that if too many south asians move into a neighbourhood, you are not going to be able to sell to anyone else, because no one wants to move into a south asian neighbourhood, and south asians dont make enough money to keep the values high.

@@killdeerperiland3303 I don’t know about crashing but the real estate market is definitely struggling. With the new rate drop we might see a light at the end of this tunnel!

Hahaha clearly I suck at technical side of things. I use a mic but when recording on the laptop the audio doesn't come out right!

@@silassilva2341 Agree we have it hard in Canada! Unfortunately:(

Wygwizdow

Huh?

@@livinglocalwithfaryal out of touch as well...

On god

Oakville has it charm for sure. Of course because it offers better quality of life it also comes with an expensive budget :)

@@ishtiaqkhan6166 sure, in the meantime check out my video on Milton. It’s under “living local” playlist 😊

It has been challenging for sure I agree.

@@RitaTrueCrime I am glad to Hear that.

Exactly since there is nothing to do anymore

Sellers expectations need to change. We are in a different market now. However, this can take time. When it comes to pricing its not so black and white. What I am seeing is that homes that are priced at the market value are selling faster than the average and some are receiving multiple offers. Buyers are not paying over the asking. Affordability still remains an issue.

And what’s that “old story” ? I am curious 🧐

Buying up condo units for investment purposes is disappointing, they should increase the vacancy tax to further push out this practice. They builders shouldn't have to pay the government excessive amounts just to start up a new project. Many things need to change but i doubt that will happen so long as we have a culture of investing in homes rather than anything else.

@@TorontoDIO many things need to change indeed. I agree with you homes shouldn’t only be looked at as an investment. Having a home is a need first. Everyone needs a place to live. But unfortunately in the recent years many people look at buying a home only from the perspective of investment. I don’t think we get to have a say in what everyone should invest in. Everyone has a choice to do what they want to do with their income. To make a change it starts from within. Blaming is all what everyone wants to do. It’s the easiest thing to do. Because no one wants to admit their part in this.

I agree with you. Halton region is beautiful 😍!!!

To be honest, if that applies to you please go ahead. Many people rent and they are okay with that! Not that renting is any cheaper nowadays.

Exactly owning an asset is a biggest scam. We need communist revolution in this country

I thought it was Trudeau 😊 who was the most hated person! I guess I was wrong. I do not have a crystal ball I never said I do and yes nobody knows what will happen. However, I have seen and helped many clients bought homes in both markets and I am speaking from my experience as a professional who is in the business and I do have the data to show and support that which I talk about in my video. Future is “predicted” through looking at the past market trends. Also, mortgages are not my area of expertise so I Will not talk about them. Do you have experience in the real estate market do you help people buy and sell homes? Sitting behind the computer being an online troll becomes so easy for anyone to just say whatever they want too. Do better with your time!

@@livinglocalwithfaryal I said one of the most hated people not the most hated person, there is a difference. Iam not a troll but iam tired of seeing too many realtors putting themselves and their sales in front of their clients interests. Future is not based solely on past trends but also on present circumstances and data. Based on your analogy, house prices should have gone even more higher after feb 2022 , but infact they fell big time. You are stating that house prices will go up in near future, if your client takes up your advice and buy a house and inoccurs huge financial loses tomorrow, will you compensate him/her for that ? Do you have the future rate cut schedule from bank of canada ? or impact of low productivity in near future on canadian jobs and economic health ? Do you have data to show how many people are in negative amortization situation or will be putting their houses on sale because they will qualify to renew their mortgage ? Its not realtors job to predict future or use FOMO to entice their customers to buy something under pressure or misguidance. I understand that as a realtor sales is your bread and butter but please dont provide wrong advice to your potential clients. People appreciate honesty.

@@gurpreetgill6761 maybe you should watch the full video before you comment. You are saying I have the power to entice people to make financial decisions they are not comfortable with? If that was the case I would be a billionaire by now. My analogy doesn’t say the prices have gone higher after Feb 2022. I actually talk about how once the interest rates went higher the market cooled down. Everyone can have an opinion and you have yours. Prices will most likely go higher when the interest rates go down unless we magically start building more homes a lot faster than maybe not! Our immigration levels are up and the demand for housing is Canada is high. Many Canadians want to own a home regardless of what the market is doing. Real estate market is highly influenced by the supply and demand. Housing supply is another big issue. I am already seeing multiple offers on many properties (would you have that kind of data and information?) The only thing that cooled down the market was the high interest rates. This video is catered towards home buyers who are in the market and can afford to buy homes. I deal with them everyday. If you don’t fall into that category please stop watching these videos and you won’t get bothered. You are asking me if I have rate cut schedule? Is that a joke? Even bank of Canada doesn’t have a schedule ready to go.interest rate going up and down is determined as we watch the market reacting to factors such as immigration, unemployment and inflation and of course our neighbours US! I know many people got into the market because borrowing money was cheap and didn’t factor in the risks or knowing their financial situation. Buying a home is a big financial responsibility and if you can’t take that on you shouldn’t get into the market. But hey that was their decision not mine. I am not people’s bank neither do I know their financials. I don’t make those decisions. But I do know my clients and their position. I make sure they are financially good to go before we even go out to see any homes. There is never any pressure or misguiding involved. Please don’t falsely accuse someone. .i very well know what my job is. i am not saying there aren’t any bad apples . However. there are bad and good people in any profession and real estate is not an exception. Unfortunately, many people have friends and family probably just like yourself who know nothing about the market but are always ready to give their advice!

@@livinglocalwithfaryal what i said is that you are indirectly influencing their decision by creating a FOMO situation where if they dont buy now , then they will loose hundereds of thousands of dollars and they will have to waive of inspections etc etc . Our situation right now is as bad as it was in US in 2008 and we dont even have a comparable economy. Our govt has already used the only tool in 2020 they have to counter recession, that is pumping economy with cheap money. The only reason why you are not seeing wave of distressed sale is because of banks allowing negative amortization . First of all, situation was completely different in 2020 up till march 2022 as government was pumping up the economy by printing money, business were doing good, assets inflated and appreciated and houseolds had savings from pandemic and some took our HELOC from their current inflated property to buy a second investment property or even third . Right now, that is not the case. BOC lowered the inetrest rate because our economy is weak, already in a recession and year over year inflation has come down. Not to mention our govt is having hard time servicing their debt. There are record amount of mortgages that upcoming for renewal and lot of them are negatively amortizing .Economic productivity is historically low, which means majority of the capital is either going towards servicing mortgage debt or is moving to US where productivity is higher instead of being invested in R&D in canada. Canadian houseolds are now loaded with debt . The rate cut is actually a bad news at a time when FEDS are not cutting rates, this will lead to CAD loosing its value against USD and will lead to jump in inflation as you will to pay more for same goods. BOC has tough choice to either sacrifice the currency or the housing market . If you are aware about hisory, then you know what happened in 1980s in canada and the housing market crash which took 25 years for canada to recover from . Not to mention, we have new capital gains tax now that will discourage investors. Honestly, house sigma has either equal or more data and trends then probably realtors have regarding house sales for past 20 years. Only reason why people need realtors is for showings or preparing offers. Mortgage agents look after finance and lawyers review contracts . Hence becoming a realtor is probably the most easiest thing in terms of qualification and exam. Not gaslighting but its the truth, thats why there are 70000 approx of them in GTA and everyone claims to be number 1 . I am not against your video or you marketing yourself by doing this but please dont try and create FOMO or panic. At the end of the day, you need new clients and people will only connect with you if you give them honest insights that will serve their interests.

No let me correct you! Buy ONLY if you are ready to buy! Owning a home is a big financial commitment and if you can’t take that on. Please don’t!

The city is becoming overcrowded, yet it seems many prefer to simply sit and complain about it rather than making their life better by moving out. There are numerous smaller towns and cities further from the core where the population density is much lower. These issues are typical of living in major urban areas worldwide. Overcrowding is largely due to the greater number of job opportunities available closer to the city center, which may also be the reason you are here? Unless more smaller cities become accessible, grow economically and have good infrastructure this will continue to be the case in Ontario. Youth unemployment is notably higher, so if you fall within this demographic, your frustration is understandable.

@@livinglocalwithfaryal there is lack of jobs due high immigration and now seams that all international students taking jobs from people already here it’s not that simple just to move in other place after living in this province and city for 20+years but it was never bad before like now and economy is the worst now ,no jobs and housing and yet more people coming

@@slavonijacro I hear you. The high immigration has messed up many things in our Country. It was never like this. However, I also feel these international students are brought here on false hope and to entice them with permanent residency. They pay double sometimes triple the cost and live poorly. I don't think they are too blame but it is our government and immigration policies that need to be changed and improved.

@@livinglocalwithfaryal well they knew that before coming to Canada and that was just their ticket to Permanent residency to Canada and no I dont feel sorry for them there are lots of Canadians who live poorly too myself included and I dont blame them but liberal government who just bringing record numbers of people in short time,hotel where I work is full asylum claimant from Africa I guess they couldnt get easy in Usa so came here and getting housing before Canadians waiting and some came pregnant too its crazy how liberal government makes easy for them now students getting PR in like 3 years almost ,we have no jobs no housing and 500.thousand and more people coming each year

@@livinglocalwithfaryal I see my comment earlier is delated but no I don’t feel sorry for Indian students they knew about school fees prior coming in Canada and so many choose to come because it’s their ticket to Permanent Residency because they never live after finish school but get permanent residence in 3 years and some of them choose some bogus schools too Also we have so many poor Canadians too who struggle with high prices for food and housing

🙃

I think so too. We won’t see rate reduction yet!

Great info! Not sure if they will go down but let’s hope so!