The Insane Rise Of Rental Prices In Barrie
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- čas přidán 14. 04. 2024
- Discover the shocking reality behind the astronomical surge in rental prices in Barrie! As the demand for housing in this vibrant city continues to escalate, tenants are left grappling with exorbitant costs and limited options. Join us as we delve into the factors driving this unprecedented spike and explore the implications for both renters and the local community. Stay informed and prepared in the face of the insane rise of rental prices in Barrie!
Are you looking to sell or buy Innisfil, Barrie , ESSA real estate. Understanding the correlation between price and days on the market may be crucial to your success. In this video, we discuss how many property sellers in Barrie are now associating price with how long their property has been listed for sale. This allows them to price their property competitively and attract more potential buyers. Selling your home can be a daunting task, but with proper strategies and insights, you can achieve your goals with ease. Our team of experienced real estate agents is dedicated to helping you succeed in your real estate endeavours, whether you're buying a new home or selling your existing property. Our mission is to provide you with actionable tips and tricks that will help you navigate the complex Barrie real estate market confidently. Don't let your property sit on the market for months on end.
First, hire a professional real estate agent who knows the area well. They can help you price your home properly, market it effectively, and guide you through the negotiation and closing process.
Next, make sure your home is in the best possible condition. Declutter, clean, and repair any visible damage. Consider staging your home with furniture and décor that showcase its best features.
If you're looking to buy or sell a property in the barrie area, this is the video for you!
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Renters also need to beware that for the newer properties(built after Nov 2018) there is no limit on how much your rent can increase.
Absolutely
Surprising so many people would risk renting out their basement/rental home considering what is happening with the LTB. I wouldn't want to take the risk myself.
Lots have stopped renting them out.
Many people are not taking that risk any longer
In Kingston, and every bit as bad. They build low rise stuff here and there, but rents start at $1800 plus just for tiny 1 bdrm. You can only find cheaper if you want to go just north of downtown (and you don't). Even basement rooms rent out at $900 month across the city. We were going to sell to downsize, but the rents are as much if not more than mortgage and taxes.
I know you’re in a hard situation. Hope you downsize your price and put money in the bank.
We are finding that a properly priced house or townhouse around the GTA will rent within 48h-5days there is a lot of rental demand all around. A rental sitting over 14 DOM is overpriced
That is very fast. Lots of demand and people can’t qualify for a mortgage.
This stupidity is now in Calgary a 2bed is now over 2400 easily and there is no rental control in Alberta so it is literally free for all.
That is very expensive. It’s all controlled in Ontario.
Look at it this way. Look at that exist of the market value of the home or condo you wish to rent. Assume you are 20% to put down on the purchase of that property. Mortgage the rest at today’s rates. Is the rent being asked even enough to cover that on its own?
Probably not… then think of taxes, maintenance, Insurance etc… so why do tenants think rent is way to expensive and should be lower?
I’m an excellent landlord with excellent tenants but I can’t and shouldn’t be expected to subsidize the cost of living for people who don’t want or can’t afford to buy. Rent has a long long way to rise to catch up with today’s cost of acquisition and carry costs. Even with the 30% decline in values and recent reduction in rates the math still doesn’t come close to neutral never mind cash flowing.
You are absolutely right.
Let ACORN buy the rentals and lease to their tenant activist that they promote
Yes.
Ive given up trying to understand Canada. You have rent prices everywhere that no one can afford and most Cdns buy food with credit cards. Then the price of everything goes up again and then the taxes go up. The immigrants come here and have to get two jobs right away and realize they are worse off. This will not end well, since most are already broke.
It’s a hard life right now. Like you said the costs are so high.
How are renters supposed to survive?
I really don’t know how they are doing it. This is the first video we have ever done a rental market. And I’m in disbelief on how much rents are.
@propertytwins it's dystopian and so sad. I'm a renter and it's so scared my landlord could ask me to leave any day, not sure what I would do..
@@kayonits2 How old is the building, home or condo.
If it was built before Nov 2018 it is rent controlled.
@propertytwins the place I live in is an ancient house in Toronto. They could ask me to leave for whatever reason and get triple the rent for it but it would get turned into a rooming house so fast in these conditions.. landlords are stuck too.
Shocking outcome of adding a million international “students” aka defacto TFWs
There are a ton of international students in Barrie.
@@propertytwins not just Barrie. Collingwood is being flooded with them. Late at night you can see the gyms with Indians coming off night shifts
@@propertytwins late at night I see bus stops filled with them
@@alexg9727 That's normal
@@alexg9727 They are the demographic coming over to Canada. Nothing wrong with that.
Economics of supply and demand plus Boomer real estate investing greed.
It is about supply and demand. You’re seeing these small real estate investors getting out. LTB is the main reason.
DON'T RENT OR BUY RIGHT NOW A BIG DROP IS COMMING!!!!!
No it’s not
@@propertytwins JUST WATCH!
@@propertytwins wages don't support these prices , blue town with out new higher wage jobs coming to town, commuters are leaving, others are leaving the province or the country, your going to be left with Indian students, with out money
@@JohnAnderson-sq8lt Everyone thinks that they are no sales going on in the market. There is activity and sales. John not all people have no funds to purchase property.
@@propertytwins you mean there are no mortgages?
What's most shocking..Mark uses Jesus name in vain!! Do you really think all this nonsense in this world matters, gonna take it with you ?...Jesus matters only. Think before you speak Mark
Oh he does
Rents are insane because the speculators paid far too much for these condos and homes and now need some one else to pay their way, not happening any longer, these fools will loose on these unit bought since 2021
Its demand Richard. A lot of people pushed out of the housing market. Forced to rent.