Something Huge Is About To Happen To The Housing Market
Something Huge Is About To Happen To The Housing Market
TD Bank is predicting something huge is about to happen to the Canadian Real Estate Market.
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Without bank demand fpr loans, there will be no growth. Meaning if banks dont approve loans, then there is no market demand and prices drop
Get used to American households becoming multigenerational just like Hong Kong, Manila, Mexico City
What about jobless situation? How will that impact the situation?
The dollar is trash, due to government debt and spending (inflation). Everything is high, not just housing.
Definitely keeping an eye on this!
Time for old stock Canadians to sell pull out all their assets get the fuck out of Canada and then let Canada fall apart with all the 3rd world country immigrants. Will see if there is anyone to pay for all these migrant programs or send billions to foreign countries.
On the ground there is little selling here in the Vancouver area, what is selling is going well under asking price. Buyers aren't watching interest rates, they're actually waiting for house prices to correct about 10%.
House prices are likely to go up bc lowering rates and increased govt debt will devalue the dollar
What difference does it make how low interest rates go when a townhouse is a million + and 600squ foot condo go for 500-600k?
Brace for $3.00 Gas by Christmas & New Year's Eve!
Followed by HIGH inflation and Jumbo Rate HIKES.
– Hold onto your Hat!
– Hold onto your Pants!
– Hold onto your Shirt!
– Hold onto your Wallet!
Only a fool would buy real-estate in Toronto now. Prices headed much lower
realtors day dreaming a lot these days but unfortunately casino run is over
ONE Thing for sure is reduction of interest rates would NOT have the Prices of the homes drop but only way is they would again start increasing. Initially market would show drop in prices as MANY MANY of investors who felt they are trapped in a situation and wanting to offload the investment at the earliest possible chance would let the houses go off with even same prices as they bought which can signal a price reduction but soon that small percentage of homes would be gone and same situation of bidding wars scenarios will make a come back with new rules allowing people to buy properties worth 1.5 million as well……
explode in their pants
Wrong on all topics, homes are already overpriced overvalued minimum 40% even if interested is zero price is going down big time.
All paid for
I own a construction business in new housing and I can tell you people are broke…… even if the interest rates came to zero it wouldn’t matter.
Hit 401k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024…
The money has already shrunken from almost 9 trillion to 7 trillion so why you think home prices will go up by 23% ? Also this is because of foreign investment which is getting out now so there’s not much left in the price hikes except for real estate to go down due to demographic and taxes as well as income for people has reduced by at least 25-40% depending on where they work. I don’t see all this price hikes coming through 😂
I love hearing people continue to say they are going to wait until the market collapses 40% more before they consider buying! Dense sitters sat when homes were 30% higher than they are today and rate were low. Now prices are down and rates are up. Shortly prices will be lower and rates back to a healthy normal range. The fence sitters will sit and watch. At that time they will say well the economy is going to collapse. It’s why they sit and watch others get ahead and succeed. They pan they want the government to hurt those that took some risk and it paid off! Please stay on the fence. Just please don’t resent those that see opportunity when it’s right before our eyes. Rent! Landlords like me need good tenants and tenant need good landlords.
Complete waste of time. This realtors are nothing but only and only FOMO Pumper.
Real talk: Canada is on the edge of the Abyss.
Why is everyone assuming that the interest rates will go down and remain low for ever?
There are a number of global economic indicators that suggest central banks will have to tighten again in a couple of years to reign in currency devaluation, runaway deficit and inflation. imo anything more than a 2 or 3 yr variable could be high risk.
People need to stop with the daytrading mentality. A rate cut does not spur demand the next day, it takes 6 months plus for things to kick in. (just like the first increases did nothing for a year)
Big cut won't increase housing that much, because of the high prices…. condos however when rates come down fast will turn back to heavy cashflow positive as rents are still high.
Love to hear comments on when is the right time to buy if you have a house to sell and cash to pay for an upgrade?
houses are 40 per cent over valued the government has been propping up values for the purpose of collecting more taxes.
Interest rates are going to need to come down before everyone needs to refinance at the higher rates but… it' time for the government to put strict rules on flippers, speculators, developers and foreign and institutional investors buying single family homes. Buy multifamily condos and apartments but single family homes need to be protected in order for them to have a chance to remain even somewhat attainable for Families….even though governments are probably enjoying the "lotto like" revenue spike from new higher property valuations!