Zero Logic In Toronto Real Estate (Toronto Real Estate Market Update)
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- čas přidán 13. 05. 2024
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In this episode we take a look at the current Toronto Real Estate Market specifically the detached home prices and market trends for week ending May 8, 2024. We also discuss how as listing agents, we'll receive offers that will fall in line with where we feel the price of the home is, and then another offer will come in that beats those offers by a substantial amount. We discuss, in our experience, why that happens.
This video will focus specifically on Toronto but be sure to SUBSCRIBE for more reports on other areas!
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Santo Sessa & Daniel Sessa
Re/Max Premier
(647)560-7778
santo@teamsessa.ca
*This video, nor any of the other videos on the Team Sessa Real Estate CZcams channel, does not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only.
100% this was money laundering, it is common as they know how to 'wash' money.
There is either a lot of people a lot smarter than me or a lot of people a lot dumber than me. Because I would not touch that market with a ten foot pole.
So you prefer rent 4 yr whole life? and help someone else pay off his mortgage? How kind of you!
No you rent till you can afford to leave canada.. you dont stay in canada 😂
A lot dumber 100%, I get told that negative cash flow is great in real estate hahahahah I will stick to what I know best.
@@metalslug_1143negative cashflow is not paying peoples mortgages a d the debt collapse will happen to the Johnny come latelys
What do you expect with blind bidding.
@teamsesa thank you for consistently sharing your thoughts, appreciate the work you put in😊
Bank of Canada loves inflation from fraudulent activity that is why it’s so common and widespread. You gotta love a country that allows you to buy your identity
What if the client is working for a corporation (like a Canadian bank) to drive up prices dramatically in neighborhoods?
Next few houses listed in the area will be at your selling price.
Why are houses in Canada twice the price than in US?
Because our economy is better than US economy, and our politicians are smarter and skilled than US politicians
Canada doesn’t have a housing crisis. Only desirable areas like Vancouver and Toronto are expensive. Canada is full of affordable cities that people have overlooked.
Winnipeg is still very affordable compared to Vancouver. You can still buy a brand new 3 bedroom 2 bathroom townhome for under 500k. Leaves you plenty of money for a nice SUV for the cold winters.
Thank you Santo always appreciate your reporting 😊 would it be possible when you show the different areas of Toronto to show last year’s average sold price for each area? For example Scarborough $1,310,00 last year $1,211,00 this year .. would that be correct?
Money laundering
Plenty of mortgage fraud as well in Canada
What happens to Canadian RE when money laundering, mortgage fraud and cheap credit all evaporate in the next 12 months or so?
That’s when Canadian RE will get interesting and reality will hit those promoting FOMO
@@jmela1370 keep making excuses. People have money. Let the bidding begin.
Regular people can not compete with this 💔.
The buyers decide the price that they are willing to pay. They should do their research before making an offer. Please keep us posted if the house close coz buyer can say anything but the appraisal has to make sense as well.
Snow washing is a beautiful thing! Canada is a great place for that
Maybe they have to be in the area for work or school district. Or the like the property taxes and or they may need to be close to a parent who lives near buy. They would be moving from out of town and just does not want to fuss with it
AND REMEMBER THAT "ALL PROPERTY TAXES "WILL BE HISTORY SHORTLY !
I don’t understand?
Given the ALL CAPS, I think he suggesting that we will no longer own property when his dystopian fantasy of state theft of private property comes to pass.
@santosessa Hey Santo. Remember me? Circa 1989 Burnaby.
Hi Mike, I think I do. That was another works ago.
The lack of transparency in multiple offer situations doesn’t breed logic
Vvery dramatic thumbnails in all your videos😂😂
Its probably money that came easy, stocks and crypto are going through the roof, gold at all time high, paper money losing value due to higher inflation!!!!! All this liquidity which first went into crypto and stocks is now making its way into consumer goods and hard assets
Hi FOMO Pumper 👋
Me, a fomo pumper? I think you’re mistaken.
@@teamsessa yes you are also a FOMO pumper. Your style is you just provide month over month or year over year statistics for the last few years. You didn't tell your viewers that the market is going up without any core fundamentals. History will remember you as a passive FOMO pumper.
There is no more FOMO. The average people just don't care to own a home anymore.
Sales are trending down, listings and active listings are trending up…more and more properties to choose from and fewer buyers. That’s the current situation. It points to prices softening, but that hasn’t happened yet.
(🤫 I’m passively FOMOing )
@@teamsessa I know you as a pandemic era passive FOMO pumper. I haven't watched your videos entirely for over a year now.
They are trying to buy a house adjacent to their children.
Maybe. 🤔
US inflation rolling over. So rate✂️ r coming at some point.
I have been saying it here for over a year. Prices are about to explode. When you've lived a lifetime of being an indebted average Canadian, you don't have a chance.
I guess Tiff must have been listening to you and that's why he's not dropping rates.
Respectfully, you spent the first 7 minutes explaining that idiots with money exist.
But cool story 😎
Yup, now that I think about it, you’re right. 🤣🤣🤣
Or maybe they are rich because they know something you don't know.
😅😅😅@@teamsessa
i have watched many of your videos already , but i have to say you are in LALALAND cause you obviously don't realize what is coming our way ! THE WHOLE ECONOMIC STRUCTURE OF THE WORLD IS ABOUT TO BE TRANSFORMED ! WAKE UP !
About to be transformed how?
Hi Marc, I appreciate you looking out for me. But do you realize I’m showing/explaining what has already occurred. All of my data is a fact, not a prediction. So, I don’t understand why I’m in lalaland?
Yes doomsday is coming... Or maybe they just take our money and the world keeps going
@@kentA205 yur whole world will be turned upside down ! just like the solar storms , that is just the beginning !
@@marctrottier8232 you still haven't answered my question. Will things collapse or keep going up? Be a little more straightforward instead of analogies please. And how certain are you that this will happen? You have evidence?
Make story short: never make assumptions about being an expert in pricing...