The Toronto real estate has begun its long lingering collapse and will culminate within 3-4 years with a 50-60 % reduction in prices from current levels. Just like in the US the first ones to sell will win. The ones that hold on in dilusional disbelief will be crushed amd wiped out. The world is in an unstoppable deflationary spiral and Canada will be hit especially hard given current severly inflated levels.
You are a dope, markets crash, this is inevitable, why would anyone listen to you, you obviously see the world through money colored glassse's. Real Estate has been the only asset class to make good in the last 10 years, it is time for it to go down. log onto RealTruthChannel for more on this.
Houses are indeed cheaper in the US; Many south of the frost line have no basements or insulation as we do for the climate, There are a variety of reasons.
Thank you for your video David. In my opinion Toronto housing market is still strong mainly becuase of a large influx of foreign investors into Canada. Unfortunately the changes in the global market especially in the American market will have a substantial impact on the Canadian economy in the comming years. Food and commodity prices are already on the rise. In the future Canadians will have less money to spend mainly due to a reduction in export to the United States.
I agree also take into account that in the job gains that Canada has been part-time meaning that those people are still probably underemployed, reducing their spending potential. Couple that with much lower real estate properties in the US and what you see is a) canadians not being able to afford their homes in the long run and b) cheaper houses in the US, expensive in canada, where do you think investors will go eventually? I'm not saying that we are in a bubble, but darn close.
Scumbag Realtors.
jvolstad 1 year ago
Your fucking ass will be fried real soon ! this housing market is way too inflated.
Clipper52a 1 year ago
Total hogwash!
Torontocollapse 1 year ago
the cost of homes is way too high in toronto n the peel region!!
im hoping entry level homes around 250,000 go dwn about 25% in the nxt couple years so i could finally afford to purchase my 1st home.
teebrron 1 year ago
The Toronto real estate has begun its long lingering collapse and will culminate within 3-4 years with a 50-60 % reduction in prices from current levels. Just like in the US the first ones to sell will win. The ones that hold on in dilusional disbelief will be crushed amd wiped out. The world is in an unstoppable deflationary spiral and Canada will be hit especially hard given current severly inflated levels.
pluckster35 1 year ago
You are a dope, markets crash, this is inevitable, why would anyone listen to you, you obviously see the world through money colored glassse's. Real Estate has been the only asset class to make good in the last 10 years, it is time for it to go down. log onto RealTruthChannel for more on this.
axecrap 1 year ago
Houses are indeed cheaper in the US; Many south of the frost line have no basements or insulation as we do for the climate, There are a variety of reasons.
Large urban centers cost more to reside in.
NYC is a perfect example.
Thank you for responding!
dpylyp 2 years ago
Thank you for your video David. In my opinion Toronto housing market is still strong mainly becuase of a large influx of foreign investors into Canada. Unfortunately the changes in the global market especially in the American market will have a substantial impact on the Canadian economy in the comming years. Food and commodity prices are already on the rise. In the future Canadians will have less money to spend mainly due to a reduction in export to the United States.
007007sss1 2 years ago
@007007sss1
I agree also take into account that in the job gains that Canada has been part-time meaning that those people are still probably underemployed, reducing their spending potential. Couple that with much lower real estate properties in the US and what you see is a) canadians not being able to afford their homes in the long run and b) cheaper houses in the US, expensive in canada, where do you think investors will go eventually? I'm not saying that we are in a bubble, but darn close.
cypcom 2 years ago
Very informative video David. Thanks for posting!
cmolder 2 years ago