Відео

I would love a list of older building that you recommend

If this country has any future, houses need to crash by 60-75%.

In Toronto, green belt act as pacific ocean so that speculators can gamble.

condos at the right locations are still selling fast at high prices.

you forgot to account for the new capital gain tax....

TenaNted is spelt this way

Wanted to stay in TO overnight as I had a Doctors Appt downtown. Hotels are unaffordable for middle class people so I drove and took the subway down. I can’t see tourists coming with these prices.

$800,000 for a 900 square foot cement box with a $1,500/month condo fee and $6,000/year in property taxes is idiotic. Canada is a failed communist experiment and the whole world knows it. The number one demographic that is leaving Canada are immigrants. They were told lies about opportunities in Canada and found out that it was a third world country where people live in tents by the side of the road. Real estate is not coming back, it's over.

Hey wanna go dancing 💃 🎶 🙂 let's leave this crap behind

NOT GOING TO BUY UNTIL 2026 AS HOUSING WILL BE DROPPING BY 50 % BY THEN..........TOO MUCH FRAUD HAS TAKEN PLACE IN THE LAST 10 YEAARS......ONLY REASON GOVERMENT IS DROPPING INTEREST IN SUCH A LITTLE AMOUNT ONLY FOR ELECTION PURPOSES...............BUYERS NEED TO STICK TOGETHER AND SAY NO......

I have a condo shoebox prediction. The developers built far too many shoe boxes. I see a total crash in prices of these units. Enough so that buyers could snap up clusters in line and row, and just knock down walls and convert to family sized units. But the price has to drop to around $200k. So 4 units in a row would be $800k. $250/$350 in gut renovation and you have a lovely inner city family sized apartment.

It is not housing shortage. Many have used COVID Relief money provided by CRA to buy five to ten properties. Media is fool to call it housing crisis. Banks approved mortgages and correction will happen.

blows my mind that people think cuts are going to make prices go up. History shows exactly the opposite every time. They're cutting rates for a reason! Commercial buildings selling for 40-99.99% losses (ask the CPP), meanwhile residential is going to the moon!? Get a grip! If inflation wasn't 10-15% a year prices would already be in serious correction territory, gov't funny money is hiding the true situation

Its peaked. Investors are pulling out. They made their money, they want out. The frenzie wearing off.

Change the flipping rules, audit all the buyers account whether their NOA match justify their earnings and they are eligible to borrow from banks and not just somone is paying you rent. Set guideline values for houses and audit all the realtors on the ethics...I might sound offensive but this isnthe reality out there...

Look. Any dude whose first name is “Tiff”….just assume that he started so far ahead of most Canadians that it’s almost ironic that we seem to think he has anything but a disinterested thought about interest rates for Canadians. He’s like our PM….never EVER touching the unwashed masses. Just sayin…

With rate cuts it’s the bottom

Hi Tom, which one is more walkable and has better rents between area around CN Tour vs ROM? How about the price for a 2 bedroom condo? Thanks.

Good info, thanks.

Etobicoke houses by far buyers market strangely

worst situation of all is clients upsizing to house from condo

The detached market will take off and it will start to bring condos back up. Putting a floor on condos too.

They need to cut more aggressively to protect the market

It is a blood bath

Strange that nobody makes the connection with the cap gains tax increase. Some investors hope to sell before the deadline, once that passes, the listings should subside. Why does everybody always think a trend will last indefinitely? Now, I'm not fan of newly built condos, but a bit of a price pull-back and cut in rates should find enough buyers.

big fan of the stache

Hey Tom. I’m looking to buy a condo up to $900 000 in cash. 2 bedroom 2 washroom. For a buyer obviously a condo building that doesn’t allow air bnb, has a good conceriage, good built building and floor plan are important factors in future appreciation. Obviously with the interest rate now many condos have depreciated but looking from 5 -10 years from now what top 5 condos do you think are good to look at if looking to sell in the next 10 years or 15 years. Thanks !

I paid 1400/ft for lake views in the heart of the city, and I will be putting 50% down on each!

Based on Housesigma, the difference between a detached and a condo in Toronto is $1.21M

Middle class family cannot support these prices at a sustainable fashion. It is just a math. What will happen is really unpredictable. In a developed democratic country shelter should not be a privilege.

The variable or fixed rate doesn't necessarily have to change for the bank rate drop of 25 basis points to have some sort of effect. For example, I noticed that my high interest rate money market fund also dropped its yield by a corresponding 25 basis points from 4.55% to 4.3% immediately following the Central Bank. What that effectively does is punish savers and make them look at alternative investments even if that means getting a fixed rate mortgage.

The fact that a million dollar delta exists between average condo and average house tells me the floor price for livable condos isnt that far away.

Only 10% Investors-High-Income Earners can play in this Market....No Average Income Family can or will be able to Afford these prices....Bubble is about to burst and 1 Million property is going to be 500k...Lots of people are going to be bankrupt...People playing Equity-Equity will see their Equity disappearing - Abra-ka-Dabra...!! Stock Market-banks -abra-ka-dabra

But Tom, what about C8 condos YTD? Looks pretty "normal" to me. Is it possible we are going back to "golden nugget" locations go UP, and everything else goes down? Thank you to everyone involved in GTA urban planning and highways who have created the traffic problems. Your incompetence will put money in my pocket. I'm pretty confident if it wasnt for massive investor selloff, C1 could look exactly like C8 YTD. But it has 4x the active listings.

Tom's the man!

History has shown that the number of defaults climbs after the first rate cute. It took awhile from the first rate increase to get to the silent boil everyone with a mortgage renewal is feeling. It is not going away with one measly rate cut. Also if they were waiting to get a potentially higher price from buyers because of a rate cut, the flood of listings will only accelerate the price cuts. Especially as more desperate sellers come onto the market - it only takes a couple to reset lower for the next seller. 2025 is the bloodbath mortgage renewal year. prices lower then

How is it weird. Toronto is way over-priced. People are losing their jobs and leaving Toronto. The cuts will be too little too late.

Mr Tom I bought a condo two years ago on the first page. It says they will take the deposit the last deposit actually 30 days before occupancy which is june 8 2024 but now they delayed so they’re asking for the deposit still and they push the occupancy to 2025 in this case , they have right to take them or not Thx

First time watching. I really like your style and approach. Very articulate without the high pressure know it all sales pitch approach. As an aside for perhaps a #6, would consider a higher than average monthly common fee. At the end of the day it can have a direct correlation to the ultimate price a seller can reasonably expect.

The Beaches area is great, but sometimes you get the smell from the treatment plant 😅

would it possible to make a video on older condos in the uptown area? For example the Bayview Village area in North York?

Older buildings that are 900-999 sqft are starter homes for immigrant families, have a high demand, hence, price appreciation is higher and faster. Condos just outside be East, West or North of the downtown core have in 8 years more that doubled in price. The percentage increase in price on the said areas are higher than the downtown core. And despite the down market the older buildings in the areas mentioned tend to hold through.

Hey Tom, know what the top 10 of those 10 cities have in common? They are all working to limit housing construction by forcing people to build in narrow zones of targeted high density housing while blocking sprawl. Why is all of the media reports on this are burying the lede?

HK is not that expensive. Factor in taxes and it's out of the top ten. A high percentage of HKers are actually homeowners, 53% private with 70% with no mortgages. Another 46% live in Public Housing Estates that were purchased or renting at below market price.

Adelaide and Melbourne are technically not on the Pacific Ocean. I moved from Vancouver to Melbourne for double pay and 50% cheaper housing so there's quite a big difference even in the top 10.

Canada was always affordable until that idiot Trudeau took power, the dictator , complete inept fool who is taking us down the drain

at least Sydney has decent public transport and mostly warm weather

Toronto is the worst city to actually live on that list

If it is for personal use, yes, but not for investment. Because older building just does not have the same value increase as the new ones.

You might want to check more recent data, Calgary has become much less affordable in the past 2 years, even with its higher income. Edmonton is more affordable. But the best ones are still Winnipeg, Regina, Sherbrooke and St-John's.