Agree, prices across Canada as well had seen a tremendous jump over the past few years and it seems that the trend is continuing for many consumer items.
You have a very good point. Devaluing of the Canadian dollar could have a really bad impact on most Canadian families as daily expenses could further skyrocket. Which could further negatively impact people with high debt and mortgage payments. Could lead to more default…. However, the counterargument is that it may also drive people with wealth to park more of their money into assets such as real estate to hedge for currency devaluation. Across Canada however, it would likely be negatively impacted overall but certain richer neighbourhoods could weather the storm in my humble opinion.
@@toronto-properties in my opinion, a slow market is the best time for long term investors to enter the property market if you have sufficient cash for full payment or have low gearing
Thanks for watching. 🙏 I think it is very difficult to have a good return yield on investment for properties within Toronto unfortunately with current interest rates and the rental market is actually slowing compared to last year and yet prices is sustaining and certain areas and type of properties is continuing to rise up in prices. So for investment, you really have to think it through whether you are willing to weather the storm right now with high interest rate and bet on a sufficient appreciation of the property and/or rental income increase in the future to justify the risk of buying right now. Especially if your fund is limited. For deals on properties, assignment sale sometime do provide really attractive bargain as some purchasers could not obtain mortgage or have sufficient funds for closing. Therefore, they are forced to sell. But the Toronto market hasn’t reach a point of massive price drop as there are still a lot of people on the side line that do snatch up any drastically reduced price properties right away with cash purchase.
That’s definitely a valid reason property prices in Toronto would hold and perhaps even keep going up despite an economic downtown. But it’s really hard to say across Canada as the majority of people who buys a home do require a mortgage and if the bulk of these people could not sustain their mortgage payment on their renewal… it could lead to more forced sale and foreclosures.
![加拿大 [按揭改革] Canada Mortgage Reform 幫助年青人買樓上車 提高買屋限額價 延長供款期 樓市迅速反彈? 是英明決策還是緣木求魚?](/img/n.gif)
好難減,我見多種商品期貨都係到狂升,不久後你一定會感受到再次通漲,我係澳洲住左10年,今年同上年比更貴D野
Agree, prices across Canada as well had seen a tremendous jump over the past few years and it seems that the trend is continuing for many consumer items.
今日我聽到其他UA-camr講唔好奢望今年有機會減息，就算加拿大🇨🇦央行暑假會減息，同美國🇺🇸嘅息差擴闊，加幣即時大跌，輸入性通脹，食物加價，燃油加價，衣食住行各樣都加，可能得不償失
You have a very good point. Devaluing of the Canadian dollar could have a really bad impact on most Canadian families as daily expenses could further skyrocket. Which could further negatively impact people with high debt and mortgage payments. Could lead to more default…. However, the counterargument is that it may also drive people with wealth to park more of their money into assets such as real estate to hedge for currency devaluation. Across Canada however, it would likely be negatively impacted overall but certain richer neighbourhoods could weather the storm in my humble opinion.
@@toronto-properties in my opinion, a slow market is the best time for long term investors to enter the property market if you have sufficient cash for full payment or have low gearing
减息了，相信楼价又可以上升了。
Thanks for your video. 👍😊
Thank You for your continual support 🙏
Very good content. Thanks for sharing!!
Thanks for watching!
可否有一集講下係現時加拿大經濟現況和推測，如果有小小錢想再投資收租(需要mortgage)，你會建議買assignment , 拍賣嘅樓, 現樓，還是樓花? Thank you.
No money to be make in Pre sale or assignments. With the federal tax and flipping tax. Return is so low in rental.
Thanks for watching. 🙏 I think it is very difficult to have a good return yield on investment for properties within Toronto unfortunately with current interest rates and the rental market is actually slowing compared to last year and yet prices is sustaining and certain areas and type of properties is continuing to rise up in prices. So for investment, you really have to think it through whether you are willing to weather the storm right now with high interest rate and bet on a sufficient appreciation of the property and/or rental income increase in the future to justify the risk of buying right now. Especially if your fund is limited.
For deals on properties, assignment sale sometime do provide really attractive bargain as some purchasers could not obtain mortgage or have sufficient funds for closing. Therefore, they are forced to sell. But the Toronto market hasn’t reach a point of massive price drop as there are still a lot of people on the side line that do snatch up any drastically reduced price properties right away with cash purchase.
what can people do? dollar value dropped a lot compare to last year, that's the reason why property price can't go down
That’s definitely a valid reason property prices in Toronto would hold and perhaps even keep going up despite an economic downtown. But it’s really hard to say across Canada as the majority of people who buys a home do require a mortgage and if the bulk of these people could not sustain their mortgage payment on their renewal… it could lead to more forced sale and foreclosures.
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