Why do you make it sound like a bad thing that housing prices aren't increasing? From their already astronomical cost too. Media complicity is an example of why everyone says Canada is a giant ponzi scheme. I wish these greedy speculators would invest in stocks rather than inserting themselves as middlemen in people's lives, then reaping all of the fruits of someone else's labour, as if it was slavery.
Common sense shows prices of homes average into million dollars and average median income of torontonians are $68K, there should be drastic home price correction to reflect the the real market price and not the highly speculative price of prior years!
Condos lagging… surprisingly no one wants a second mortgage in condo fees to go along with their primary mortgage. Who would of thought. Also there is no interest in buying from investors because of the provincial laws which gives all rights to the tenants. Investors are investing in other provinces where they still have rights and rightfully so.
Former Foreigner Buyer Ban ??? Should of never let this happen. Keep Canada real estate for Canadians living here ! The government allowed this to happen and it skyrocketed the market. It's the out of country foreign buyers who invested and sold our real estate like its a stock in the market. Some never set foot in this country. They would buy our land to hide their money.. Shame on our government, the fire got out of control. Shame , Shame
People who rent saves to buy a house , but if rent is through the roof how are the going to save, And this apply to everyone who want to buy a house or condo there is no savings, Big real Estate organization is causing this major problem by over valuing properties , biding wars, driving up prices they are the problem, This have to stop other wise what goes up must come down.
Earlier people used to say the young and first time buyers cannot afford housing due to price high. Now that is low why its still a problem to purchase?. Investing in real estate doesn't even provide more than 5% returns. If the same amount invested in mutual funds or stocks returns are must more. Bedides the rising cost of property taxes, insurance, utilities, repair costs. maintenance fee, Investing in real estate is wrong idea. This market will collapse completely.
CP24 keeps kissing realtors' asses eh? You should not focus on "lag" or "drop" when it comes to housing and home prices... you should be informing and investigating AFFORDABILITY!!! Your viewers are fellow Torontonians! What is wrong with you CP24? Let me repeat it for you CP24, AFFORDABILITY!!!!!
Bye bye Canadian real estate. It's collapsing......
Why do you make it sound like a bad thing that housing prices aren't increasing? From their already astronomical cost too. Media complicity is an example of why everyone says Canada is a giant ponzi scheme. I wish these greedy speculators would invest in stocks rather than inserting themselves as middlemen in people's lives, then reaping all of the fruits of someone else's labour, as if it was slavery.
Man, I want some fries today. I haven't had fries in years!
Not popcorn?
Finally it’s crashing
Phil spinning hard today
So $1.6M for a hotel room sized condo instead of $1.7M.....that should get people into homes quicker.
Exactly! And CP24 is not doing enough to investigate what is behind or who is behind is housing corrupted scheme.
Common sense shows prices of homes average into million dollars and average median income of torontonians are $68K, there should be drastic home price correction to reflect the the real market price and not the highly speculative price of prior years!
Its gonna get worse
"We believe"
Remember that.
dont worry 400k prs and 500k temp workers is all set to come 2025 royal le page remax can celebrate
Royal LePage and Remax never stopped celebrating, its been a 15 year free for all. The higher prices climb, the larger their commission is.
Condos lagging… surprisingly no one wants a second mortgage in condo fees to go along with their primary mortgage. Who would of thought. Also there is no interest in buying from investors because of the provincial laws which gives all rights to the tenants. Investors are investing in other provinces where they still have rights and rightfully so.
Lol No matter what these house pumpers say, the chickens are coming to roost for this overvalued crackfest Canadian house market.
Well, when townhomes in the GTA are under 400K then we can talk. Stagnant and dropping are two different things.
Former Foreigner Buyer Ban ??? Should of never let this happen. Keep Canada real estate for Canadians living here ! The government allowed this to happen and it skyrocketed the market. It's the out of country foreign buyers who invested and sold our real estate like its a stock in the market. Some never set foot in this country. They would buy our land to hide their money..
Shame on our government, the fire got out of control. Shame , Shame
People who rent saves to buy a house , but if rent is through the roof how are the going to save, And this apply to everyone who want to buy a house or condo there is no savings, Big real Estate organization is causing this major problem by over valuing properties , biding wars, driving up prices they are the problem, This have to stop other wise what goes up must come down.
Real estate rip off 😑👎
lol yea so from 1.3million or so to 1.1million
Exactly, what a joke 🤣😂
When they go below 500k then people will start getting interested.
Earlier people used to say the young and first time buyers cannot afford housing due to price high. Now that is low why its still a problem to purchase?. Investing in real estate doesn't even provide more than 5% returns. If the same amount invested in mutual funds or stocks returns are must more. Bedides the rising cost of property taxes, insurance, utilities, repair costs. maintenance fee, Investing in real estate is wrong idea. This market will collapse completely.
CP24 keeps kissing realtors' asses eh? You should not focus on "lag" or "drop" when it comes to housing and home prices... you should be informing and investigating AFFORDABILITY!!! Your viewers are fellow Torontonians! What is wrong with you CP24? Let me repeat it for you CP24, AFFORDABILITY!!!!!