Royal LePage is a real estate broker. Making people fear a market jump will create the demand 😂 There’s no story here folks, just people that want your money and have a soap box to stand on.
@@MikeyPaper Keep dreaming. Average salary is 60,000 but a home is 1 million. Also most Europe and developed world is going thru demographic crisis. Most women in Canada dont have kids. Immigration cant sustain population growth forever. You need people to live there. How many kids do you have?
@@bobwoods1302 if not a Hubble why chrystia freeland have to allow people to extend their mortgage to infinity. Lmfao bro shut up go sit in the corner. Would been hell already if they weren’t allowing people to extend mortgages.
My royal lepage experience ..no responsibility in the huntsville office .In no attempt ,I reached out to Yvonne to do a investigation and she basically said to file a report with a 3rd party to investigate ,the ignorgrance of a drunk sales agent and pages of missing items ...I guess the huntsville office is the same as the rest of royal lepages .avoid is my suggestion
My brother used huntsville royal lepage ..most ignorgant and no professionalism ..even their investigator Yvonne was appauled and recommended another private group to do the investigation of pages of missing items
Mortgage should be illegal. We should be learning how to save and pay cash for a house. Mortgages causes artificial prices on homes. This needs to stop. Rent used to be always better than owning a house until someone came up with an idea to use housing market to make money by giving out loans. I remember someone told me there was no such thing was a mortgage back in the 30s or 40's. It's disgusting how it's used to make dumb money and exploit people. The system back then was fine, everyone was happy. Now, we have so many abusing the housing market. Greed is horrible. Mortgages should never be over 10 years. The longer the amortization and lower the rate, the higher the artificial price
I thought I was buying at the top of the market back in 2017. Four years later and my home almost doubled in value. My mortgage, bills, property tax and insurance are less than what people are paying to rent a small apartment now. It's nuts. 😁
I think a 10% YoY increase from Dec 2023 will still put the Toronto market down pretty decently from its high, at least in terms of benchmark price Dec 2023 was the recent low, benchmark prices were more than 10% higher in Jun 2023 than Dec 2023
LOL. Sure real estate is going up 10%. Wake up, treasures are pushing 5%. That means no rate cuts. That means all of those greedy people who bought awhile back are having to renew their mortgages. 19% apparently. And a lot of those people are investors under water. This ship is finally going to have a hard correction and it's about time.
That’s what they said about the spring market 😂 government is already changing policies going after investors. This also stimulates inflation so I doubt it
Rents cant raise another 10% and thats exactly what landlords are going to do.. offset this new debt on renters ... Affordabile units are lost.. we need to start talking about landlords owing equity to tenants. People obviously wont like this suggestion but you think you have it rough as a home owner.. landlords are showing financial growth of over 5% from rentals.. renters are the real losers in this equation.
How do you save when you're effectively paying someone else's mortgage off... Think 2600 for a 2brdm is bad. If nothing is done you will see 3400 a month for those same units.
I have chosen NOT to buy house in Canada!!!! Why would I? Better buy in Europe (way cheaper than in Canada) or other South American country sand I do not want to spend my retirement here anyway with this lousy healthcare system that treats you like meat (not as human)!
😂🤣lower interest rates. & How will that be possible with WW3 in its early stages, that will drive oil & gold through the roof. & you know what happens next right?
I never imagined that I would ever cast my vote for a party other than the Liberals. However, the actions of Liberal party have significantly impacted my future in ways I didn’t anticipate. I arrived at my conclusion after observing a multitude of photo ops throughout different parts of the nation and the budget disclosures over the recent one to two months.
Lol that'll help people afford homes.
Royal LePage is a real estate broker. Making people fear a market jump will create the demand 😂 There’s no story here folks, just people that want your money and have a soap box to stand on.
Remember this is on top of the already outrageous housing costs.
i guess it beats going up by 200% per year like during covid...
sounds sustainable
Yeah that argument is getting a bit weak after 7 years of similar growth in a row.
@@josephsmith594 well, get ready for the crash then
High price is better than High Interest
Lower rate + 30 year mortgage. I forsee higher price.
Hope the Bank of Canada is paying attn to what these realtors are expecting and spreading around on the news.
Hope we get rate increases this needs to stop. How will nurses and teachers and paramedics be able to afford to do their jobs?
It will be a bad ending like Chinese real estate market.
They’ve been saying that for years. Not going to happen unless Canadians want to live in tents
@@xeero24 They've been saying that for years for the Chinese real estate market. Finally glad to see it's happening.
@@lombo5293 If you can't succeed then root for other to fail huh? Pretty sad.
Wasnt the market supposed to crash back in 2017? 2019? 2020? 2022? This year? 😂😂😂
Real estate is going no where, but up!
@@MikeyPaper Keep dreaming. Average salary is 60,000 but a home is 1 million. Also most Europe and developed world is going thru demographic crisis. Most women in Canada dont have kids. Immigration cant sustain population growth forever. You need people to live there. How many kids do you have?
One big ponzie scheme and everyone’s in on it… if the music stops it will be absolute carnage.
Just keep paying off someone else's mortgage while you wait for doomsday. People thought the market was gonna crash for the last 15 years.
@@Aitch-102 There hasn't been a real estate bubble in the Canadian market yet
@@bobwoods1302 if not a Hubble why chrystia freeland have to allow people to extend their mortgage to infinity. Lmfao bro shut up go sit in the corner. Would been hell already if they weren’t allowing people to extend mortgages.
@@ashk4155 And you want the hell?
Banks can’t afford to lose out on this extra revenue, city’s need more property tax ….
Where they pull this number from?
From where the sun won’t shine
Most housing is overpriced creating a false economy that will eventually crash.
There are few careers i consider to be leaches on society. Real estate agents are one of them.
My royal lepage experience ..no responsibility in the huntsville office .In no attempt ,I reached out to Yvonne to do a investigation and she basically said to file a report with a 3rd party to investigate ,the ignorgrance of a drunk sales agent and pages of missing items ...I guess the huntsville office is the same as the rest of royal lepages .avoid is my suggestion
Glad the government is allowing people to extend their mortgages. I need the banks to stay solvent for one more year !
Great news but hopefully it be better with a 50% to 100% rise
My brother used huntsville royal lepage ..most ignorgant and no professionalism ..even their investigator Yvonne was appauled and recommended another private group to do the investigation of pages of missing items
thank goodness these realestate experts know nothing about the economy, otherwise they wouldn't say stupid things like this
Mortgage should be illegal. We should be learning how to save and pay cash for a house. Mortgages causes artificial prices on homes. This needs to stop. Rent used to be always better than owning a house until someone came up with an idea to use housing market to make money by giving out loans. I remember someone told me there was no such thing was a mortgage back in the 30s or 40's. It's disgusting how it's used to make dumb money and exploit people. The system back then was fine, everyone was happy. Now, we have so many abusing the housing market. Greed is horrible. Mortgages should never be over 10 years. The longer the amortization and lower the rate, the higher the artificial price
Nailed it !
And there’s no plans to build affordable housing, particularly apartments!
Canada could hire china to build a city in Alberta from china or usa and build a new city and lower the house prices with its surplus budget.
I thought I was buying at the top of the market back in 2017. Four years later and my home almost doubled in value. My mortgage, bills, property tax and insurance are less than what people are paying to rent a small apartment now. It's nuts. 😁
The country is ffffed.
Oh yes…always, always trust what Realtors say about prices. 😜🤪😂
I think a 10% YoY increase from Dec 2023 will still put the Toronto market down pretty decently from its high, at least in terms of benchmark price
Dec 2023 was the recent low, benchmark prices were more than 10% higher in Jun 2023 than Dec 2023
Lowering interest rates with cause more problems than good. Wake up!
LOL. Sure real estate is going up 10%. Wake up, treasures are pushing 5%. That means no rate cuts. That means all of those greedy people who bought awhile back are having to renew their mortgages. 19% apparently. And a lot of those people are investors under water. This ship is finally going to have a hard correction and it's about time.
That’s what they said about the spring market 😂 government is already changing policies going after investors. This also stimulates inflation so I doubt it
The average house price is up 7.1% in Ottawa this march.
@@Trythis837 inflationary !
The Jury and the Judge😂😂
Be patient home buyers. Tens of Thousands of foreclosures soon.
Youll be waiting forever!
Rents cant raise another 10% and thats exactly what landlords are going to do.. offset this new debt on renters ... Affordabile units are lost.. we need to start talking about landlords owing equity to tenants. People obviously wont like this suggestion but you think you have it rough as a home owner.. landlords are showing financial growth of over 5% from rentals.. renters are the real losers in this equation.
How do you save when you're effectively paying someone else's mortgage off... Think 2600 for a 2brdm is bad. If nothing is done you will see 3400 a month for those same units.
Homelessness will balloon as government plans to welcome 500k new people to Canada this year.
I have chosen NOT to buy house in Canada!!!! Why would I? Better buy in Europe (way cheaper than in Canada) or other South American country sand I do not want to spend my retirement here anyway with this lousy healthcare system that treats you like meat (not as human)!
It's ok though just use the 65k in your rrsp you got lying around
😂🤣lower interest rates.
& How will that be possible with WW3 in its early stages, that will drive oil & gold through the roof. & you know what happens next right?
I never imagined that I would ever cast my vote for a party other than the Liberals. However, the actions of Liberal party have significantly impacted my future in ways I didn’t anticipate. I arrived at my conclusion after observing a multitude of photo ops throughout different parts of the nation and the budget disclosures over the recent one to two months.
10% is low target more like 30% expected
I am leaving canada tomorrow no problem raising 100% or 500% no problems
Going back to Russia?