The Millionaire Ghost Town Of Innisfil Ontario 95% Unsold
Vložit
- čas přidán 15. 04. 2024
- Welcome to the intriguing world of the millionaire ghost town of Innisfil, Ontario, where a staggering 95% of properties priced over a million dollars remain unsold. Join us as we explore this unique phenomenon and uncover the reasons behind the deserted luxury real estate market in this charming Canadian town. Discover the secrets, mysteries, and stories that lie within the empty streets of Innisfil. Stay tuned to witness the captivating allure of a town frozen in time, waiting for the right buyer to unlock its hidden treasures. Are you ready to delve into the enigmatic world of the millionaire ghost town of Innisfil, Ontario? Let's unravel the mystery together! Remember to like, share, and subscribe for more fascinating insights into unique real estate phenomena around the globe.
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!
#barrierealestate #barrierealtor #barrieontario
Our team is committed to providing our clients with professional services based on our experience, knowledge, and skills
We’re the real estate team that specializes in this local market of Barrie, Innisfil, Orillia, Essa Township and has the reputation for putting you, the client, first. Any time you want information on the market or are ready to buy or sell a property - contact us. There’s no obligation.
🇨🇦CALL 705-309-5300
✅ / mark.turcotte.54
🧿www.propertytwinsrealestate.ca
🟣 / propertytwinsbarrie
🟡 / propertytwinsbarrie
🔷Book A Call With Me calendly.com/propertytwinsrea...
🔔SELLER GUIDE drive.google.com/file/d/1KwFi...
🔴BUYERS GUIDE drive.google.com/file/d/1GAvZ...
Get More videos to subscribe
"millionaire" town with minimum wage salary
No high paying jobs there. It’s a commuter town.
Commuters are tired of the hassle and expense of commuting, sell now and cut your loses
@@JohnAnderson-sq8lt Don’t sell
Campaign wishes and food bank reality
@@propertytwins oh yes wait a minute homes will be 5 million soon
Grew up in a 3000sqft corner home in Thornhill with immigrant parents who worked for the post office sorting mail.
In todays market we would be renting forever
Yes you would be.
Most of those homes need to come down at least $300k or more. Nobody is crazy enough to buy a $1M+ house in these uncertain times.
Some are buying them. I saw a listing come up on a great street for 964K and it sold for 1 million. Under 2000 square feet. Homes are not coming down.
@@propertytwins Prices are to high perfect storm coming 2025/26
@@ronl1633 Prices have come down a lot. I think more people are struggling today. And we need some rate relief.
@@propertytwins I understand but look to the American FED the rates could even move up.
@ronl1633 they say they are staying higher for longer.
Everyone would be better off if houses fell 50%. More disposable income, more businesses, more economic activity.
Real estate? Real estate. REAL ESTATE, REAL ESTATE, REAAALLL ESTATE!!!!
it's a sick canadian fetish. A monkey can be a real estate investor. No skill.
Same old thing agents don't know what they are doing. Prices too high by agents out of the area telling sellers their home is worth the high price just to get the listing. Sellers need to wake up!!
OMG YES. I SEE THIS ALL THE TIME. SELLERS ALWAYS GO WITH THE HIGHER VALUATION. AND THE PROPERTY SITS AND THE AGENT BEATS THEM DOWN ON PRICE. ALSO SELLERS SHOULD NOT BE SIGNING A 6 MONTH LISTING CONTRACT.
Goes both ways though. Moronic sellers think their home is a palace worth millions and unless the agent agrees with them, they won't get the listing
@@surprisek3918 That’s exactly what happens
Realtor for over 25 years, retired in 2012. You, Sir, identified an issue in professions that suggest a fiduciary/legal/moral duty exists.
Cannot tell you how many potential clients listed their properties with their friends. These friends worked for government, retail outlets, restaurants, mlm's, etc, and these NEW EXPERTS now cherry-picked solds, and their narrative was waiting for inflation.
The dialogue carried on her dipicts WHY real estate agents no longer present value.
Needless to say, many of my colleagues disatified with my observations.
Realtors with limited education, select properties to present their agenda, refuse to show FSBO, make no effort to provide an overview of the COST of home ownership.
If you can walk and talk with a smile, have the gift of gab, this woman scares me.
No disrespect, today with technology, the industry no longer requires licensed agents. Para legals now can be hired without a lawyer. The lack of knowledge sad.
Im sorry but there is no land. We just bought a home in Perth with half an acre, three bedrooms, double car garage and big living- dining room for less than 400,000. NO BS!!!
Good for you. People have started moving to areas in the province. That offers affordable housing.
But you guys drive on the wrong side of the road. Can’t live in that kinda place really
Would do my head in
@@propertytwins Or better still, leave province, Maritimes homes are 1/2 price, I know so many people who have left to go east
@@JohnAnderson-sq8lt I KNOW A LOT OF PEOPLE HAVE LEFT THE PROVINCE TO MOVE TO THE EAST COAST.
@@1anre Perth Ontario - just outside of Ottawa.
Anyone with less than 50% equity in Innisfil right now should be nervous by these stats. Even if you sell, where do you go? Especially if your career is tied to the GTA? We are a commuter town. Lowering speed limits everywhere doesn’t help. 60kph on the new chunk of IBR is ridiculous.
It’s a market full of listings over 1 million. And they are not turning over fast. As we know why. RATES
The house we just sold way down in Ontario’s Florida Chatham area listed fir $219,000. and only offer was $175,000. bought by a .ca corporation and they sold it 3 months later for $275,000. This was not a fix up house. Was restored by we had put in new appliances, jet tub, big garden and fruit trees was 1 big bedroom and office on main and 2 upstairs, garage, double driveway parks 8, we installed rv septic hook up. People just don’t have decent reliable income to commit to 20 years of mortgage. Only cheap houses are going to sell after Trudeau has destroyed Canada, taxed all people into starvation, filled the country will illegals who will work for peanuts topped up with handouts.
Trudeau loves making it hard for people.
The traffic on that road in the summer is crazy. People just need to sit tight and wait it out.
Great videos, guys. I'm not even house shopping. Learning about the market is interesting.
Bryan, thanks for watching. Much appreciated. Have a great day.
It’s demoralizing seeing even far way from civilization that houses cost this much there.
Would rather take my chances in the city
My in laws retired to Innisfil in the late 1980s, lovely ranch home, on almost 2 acres, $350, 000. They enjoyed it. But sold for more 8 yrs later and got a condo in Sudbury. They felt that Innisfil was under populated. They are long passed now, this would surprise them.
I bet it would. They wouldn’t recognize the community. It used to be farm fields. Thanks for sharing.
😅
It's not about rates. There are not enough millionaires and the average person does not have $5000 a month for a mortgage + expenses. Crazy times we live in.
Oh it is a lot about rates.
@@propertytwins maybe for millionaires. if the rate goes down to 2% or so. Average people do not have $300,000 sitting in their bank accounts for the down payment
Great video! - thx for sharing. Residing in the area on Purvis/Leonard the homes here don't seem to last long, many once sold get torn down and huge homes are built so there is obviously lots of money still out there.
THAT SURE IS A NICE AREA. LOVE IT DOWN THERE. WATERSIDE ARE GETTING BIG MONEY.
Funny commuter town. I grew up in Toronto when we had sane people running governments and sane rent and home prices. Average people could by a home or for that matter rent an apartment. I did the commuter town thing for a few years and my average time driving was 4-5 hour a days In bad weather more longer. A million dollars for what to spend 20% of your life sitting in a car.
I know. A lot of people are doing it.
@@propertytwins we all know fools
commuting to work is going to become unmanageable with increases at the pumps. This impacts outbound commuter towns like Innisfil. Rates aren't going to drop anytime soon. In fact IMO they will likely move up .
The commuter sure has some added expenses. They are predicting a rate cut in June.
I WORKED A security company and I tell that so many homes are empty because no one can afford the overpriced homes. Housing went up due to the rush of international students. One room for $800/month. Now, things are cooling down and these homes will come back down to the original. GET READY for sales, sales, sales, and sales for low price!
A lot of home built are purchased was in advance. And I know some people can’t close due to the rates increases. I talked to a builder and they are only seeing about 10 percent not closing.
don't forget all the "dirty" money that was being laundered through our real estate market on top of mass immigration and banks buying up homes like there is no tomorrow
I am 34 years old, I gave up trying to own a home. It just doesn't make sense.
You and many others. Feel sorry for you.
@@propertytwins Thanks, I will continue to try my best. Insane how Trudeau / the liberal government can single handily ruin a country...wild stuff!
I understand your frustration. However you you need to think outside the box, possibly buy an income producing property, which will help pay for your purchase.
There are also ways to help you get a down payment. Speak to a mortgage broker. Remember when you pay rent, you are paying some ones mortgage, not your own.
Good luck
Think out side the box, trying buying something with income potential with in the house
@@JohnAnderson-sq8lt The house is the asset.
Please do one on Kitchener Waterloo
Hi, if I can get some board access I sure will.
What happens when the bulk of the low rate mortgages issued 4-5 years ago come due later this year and next year. RBC announced as of end of year 2023, 25% of all their mortgages held across Canada have amortization rates of greater than 30 years. My branch manager told me he is issuing 50 year amortizations to those who cannot afford their renewed mortgages at higher rates so they lower the payments by extending terms. Crazy what the house will end up costing when all paid up.
It floored me when I learned how mortgages were done in Canada. Buying a house can be full of surprises enough without the added interest rate roulette.
I know I’m worried as well. Let’s hope rates come down over the next year. Which I’m very sure they will.
A lot of people took variable rates as well.
I would love a 50 year amortization when mine comes up for renewal. That would keep the required mortgage payment low (about 1/2 of what I am paying now) but I would pay the other 1/2 straight to the principal
@@karthompson1280 when you increase your amortization, it lowers your payments but it increases your overall interest costs. Bottom line, you end up paying way more interest cost.
I live in the Haldimand Norfork area. Not a whole lot of affordable rentals around here. Not sure about the housing market. There's definitely a softening in the prices, though there are a lot of plans for building. I also a stock market crash in the future, so will they get built?
Not a lot of building going on right now. 220,000 housing starts for Canada. That’s not a lot.
There’s minimal rentals especially in small towns and rural areas but AirBs are plentiful .., I only rent short term now it’s a better deal and quality
I'm in haldimand-norfolk too (caledonia specifically) and the market is softening here
Homes are no longer going for $100k-$200k over asking. Most are selling for asking or below now.
It is insane that people are paying these prices for houses in the 2nd largest country in the world.
Yes it is. And will get worse
They ate building them like that now. I'm in a small town east of Toronto and the houses are right on top of one another with tiny tiny backyards . Selling for huge money .
Trudeau fixed it by obliterating the housing market, and giving us $9/lb butter. He loves you.
If you stop buying tim Hortons you will save $60 a month to help with your triple mortgage payment
A lot of people hurting out there today.
fu
Was that advice from Freeland??
Lmao
Of course, all the lower wage people at Tim's will have their hours cut or be laid off. They will then quit spending leading to other job losses for people in higher-paid positions. The whole economy is one big Daisy Chain.
Its now a so-called smart city. The public beach became a public toilet with out of towners burying their body waste in the sand. The town has had to replace the beach sand a number of times.
It’s a busy community in the summer.
I listed my detached home in Mississauga back in the fall for $1,599,900. Great area backing onto green space situated on a court. It took almost 2 months to sell and I had to drop the price over $100,000. That told me we are in for a rough ride - people are going to be underwater on these houses when the prices start to collapse.
SOME BOUGHT AT THE PEAK AND RECENTLY SOLD FOR HUNDREDS OF THOUSANDS OF DOLLARS LESS. IT IS TAKING SEVERAL MONTHS TO SELL HIGHER PRICED PROPERTIES. WHEN RATES DROP WHICH THEY WILL THIS YEAR. WE WILL SEE DEMAND PICK UP. BUT I THINK IT WILL BE AWHILE FOR HIGHER PRICED HOMES
@@propertytwins My agent said the same thing that rates were going to drop in the spring but based on what I have seen I'm not so sure there will be rate drops of any great significance. Inflation is real and its not going away any time soon. Plus banks are greedy.
@@fantasyguru26 Rates will come down. To many crack currently in the economy. And of course the taxation we all pay.
@@propertytwinsI think your wrong,this is a government plan to kill the housing industry. Foreign investors and mom and pop investors (rental properties) are getting hammered with legislation forcing them to flee the market.
@@propertytwins nope look what happen with the USA dollars and what Mr. Trudeau is doing.
Hi Mark. I just discovered your channel. My name is Mike, and I live in Shelburne. I am noticing the same trend in the neighboring town of Dundalk. All these new homes are almost done. However, according to one local family, they and a handful of neighbours are occupying a street where a sea of homes remains empty due to people not qualifying for mortgage. What do you suppose will happen if this trend continues?
Hi Mike, I’m seeing a lot of this. I was talking to a VP of a big builder in Barrie. And I asked her that question. She said 10% of the properties are not closing. So right away deposits are gone most likely. And the builder could use for the difference in price. What I mean is Buyer A paid 1.2 million say two years ago. Well we know the market changed. And let’s say they get 1 million for it. They can go after Buyer A for the difference. I got a call from one of my CZcams followers. Purchased a condo in the city. It is closing in June 2024. And she can’t qualify. And she put a big deposit down. She is very scared. We will see more of this. Many builder pushed out upcoming projects to later dates. Hope this clarifies your question. Have a great Saturday. Mark
@@propertytwins thank you. I guess more of us are starting to notice...
@@mikekowalewski7692 Absolutely
You can have better hause in Trenton Belleville for less money approximately 500,ooo to 600 000 beautiful homes nice size lots that is almost 250,000 less Campbellford less than half million dollar beautiful home. There is beautiful town house for less than 400,000 maintenancefee 315 included water property tax 1,4oo excellent deals that same town house in Durham region 650,000 with tax and other fees 900 a month big difference 1 hours and fifteen minutes to Toronto so people there's deals out there I'm talking completely reno you don't need to spend a penny.
Looks to me like inflated property values are not sustainable with higher costs of living. The smart owners of those properties are (trying) to bail out before the crash.
They certainly are not.
sales to go down even more, this is just the beginning beware everyone. Food is rising out of control again!! example: a $5 watermelon is now $16.99
Cost of living is way too high in this country. Really sad that the government thinks it’s ok to raise taxes such as a carbon tax. And let’s not forget the capital gains increase. They take it all.
I can well afford any grocery item I want, but I refuse to pay the prices. Leave it on the shelf and make do with something else. Otherwise, what incentive does any store have to reduce their prices
@@francescaclayton5186 prices are out of control.
You missed the $45 🍉 watermelons at Smiths…
I'll stick to northern Ontario forever.
It sure is cheaper.
At nearly $400 per sq foot to build, add in cost of property, carrying fees, etc…this is a bankruptcy situation. Not the first time in history that builders filed.
The costs are high. And they will get passed onto consumers. Will they pay for it??
What are the lot levies for builders in Barrie? How much have they increased over the past 10 years? It's not just the fed that's created this shortage.
Oh I agree. That I don’t know. I have a friend that severed 37 town home lots. So many studies etc and the city keeps wanting more studies done. It’s a cash cow for the municipality. He is well over 200K in fees.
Some people are still buying but not enough to drive an economy. That's why it will all collapse. 😮
@@rjkrjk8344 a lot are not buying.
Scary. Never heard of this innisfil place before.
Doesn’t sound encouraging for one to decide to live there if you work a regular city GTA job
Lots of people commute to GTA from this area.
Absolutely
Really what was so wrong with the previous builders and developers payment cost that the Federal and Provincial thought they know best about the industry. The trillions of dollars laid on the table will never see the light of day. Permits are down right across the GTA area in the first quarter of the yr. Banks will only lend money out 80% value on houses. Ford has referred to 4 units on one lot and yet no one is buying condo's. The ones buying will have the money to do so. And the market will correct on over priced homes. Mark is right the seller needs to be realistic about the true value and not inflate what is not there..
Yes the Sellers do. Banks will lend up to 95% loan to value with of course insured mortgages. Equity take out 80% loan to value. I really don't think people will all excited about adding additional units to their property with the way the LTB is right now.
Million dollar houses require 20% down and mortgage can't be insured. The income required to even qualify for a million dollar home starts at $217,000/yr.
@@pvwhatsup8539 shit i forgot about that rule. Thanks man.
They are building small subdivisions in Nobleton starting at 2million per house. I don't get it. They built some a few years ago and sold them all.
Crazy inventory over 1 million compared to sales.
Lots of it on the market.
Glad to hear it. Nothing makes me happier than blood sucking real estate speculators losing their shirt. 2 thumbs up.
What I don’t like is this. I can’t sell for 800K because i paid 950.
What you get for each price range laughable. The $1.5M is the lower class 3br home I grew up in. House price Ponzi will hurt many.
Some are selling. And a few years from now that 1.5 will be 1.7
@@propertytwinslmao god.. real estate agents are the worst. We do not have the economy to support these house prices. Low interest rates since the GFC have been a boon to real estate.. but not anymore..
Those are worth on average about $400k.
Not at all
@@propertytwins Absolutely. Or at least not more than that.
When Ford tried to make that deal for the green belt homes people lost their minds over it because he was basically making a deal with people he knew. Mean while that’s literally all politicians do. Trudeau has done this several times for instance, and with no benefit to the people. At least we would have had some affordable homes built with Ford’s plans. At some point that green belt space will be used maybe not all of it but some of it for sure. I drove for four hours from Toronto to Manotick and it’s all green land people. We can spare a few plots from the green belt.
I agree. It’s going to happen
I've done a few custom pool projects in Innisfil and there's no appeal
There is not much there. Small community.
Can you please do a video of this for Collingwood Wasaga area
Hi Alex, I don’t know that market that well. We can review for you and do a video.
@@propertytwins amazing thanks
@@propertytwinsI'm in Wasaga and this town is going downhill fast
@@user-fb5uz3zc2t I bought in Wasaga for 245,000 in 2007, Brand new, Sold for 800,000 never buying again unless its 245,000 and somewhere else. Lots of options for housing in other parts of the world ,why be tied to one place and be a slave to taxes and Government / banking regulations
Innisfil is loaded with stupid GTA people who now find that commuting is bad news and are trying to get out or their mortgage is due, I love it
It’s a hard commute. Lots of inventory in higher ranges.
years of economic damage from real estate to government in every part of this economy!
There no fixing this for sometime
Government caused the mess.
no checks an balances in the real estate prices for years , now many will suffer from mismanagement!!
To say the least
@@charlesrobitaille9360 SOME PEOPLE AREE SUFFERING AND SOME ARE NOT.
@@propertytwins 100% they did - bunch of morons.
@@propertytwins but on the end we and our young children go to pay for it.
Hopefully it keeps going up in price because you find a sucker every second today especially when you mention waterfront 😂😂😂 👍🤣
With inflation and another quantitative money injection looming assets will go up again. Houses are Canada biggest asset class
Oh they sure will.
Contracting towards the centre of the market.
Maybe
@@propertytwins Time will tell. Just watch out for a Bull Trap like the Americans had in 08.
@@timothyirwin8974 oh we sure don’t want that to happen.
Who in their right mind would buy a house for this much. Time to leave canada. Maybe the realtors who think these are good pricing they can buy it. Mortgage poor lol ya i don't think so
Right now not many. As people can’t qualify. Over 50% of the inventory in the community is over a million. And it’s sitting.
@propertytwins it's not a matter of qualifying. You should have a large amount of money set aside if you are buying. But who wants to waste money on houses with them most built cheap and small. Maybe the owners can continue to pay their high mortgage. Maybe they can humble themselves and ask for a fair price. Leaving Canada is the best decision anyone can make.
@@Timetravel755 I get it. I agree Canada is a real hard place to live these days. I ask that question to myself all the time.
KABOOM!
Not yet.
@MaryDurica-mg8wr Hi Mary, I was most likely referring to the inventory level in higher priced homes. Market is stable. But transactions are down over last year. And prices are flat to last year. Which is good.
@MaryDurica-mg8wr It means Ontario alone has $1 billion in mortgage delinquencies in 2024.
The only option left is 90 years mortgage or foreclosure.
The bubble is bursting mathematically not theoretically.
Nobody's mentioning Friday Harbour. Can't give them away.
Sales have really declined in that development. And it’s normal in this kind of market.
Isn't the problem with Innisfil that its an aging retirement community? Near a tornado belt? On leased land?
It used to be. Young families now.
@@propertytwins
Well...shame they took my job away. I can't afford anything now. Lost my job, and my boyfriend. So now I'm stuck with my parents.
Got blocked out of having a life by foreign racism and illegal immigration. Thanks for all that guys.... not sure who you expect to sell houses to when foreigners are illegal to sell to....but they hold all of our jobs.
@@keikairin2038 I got priced out of home ownership right around the time everything was going for $100K+ over asking....never mind the awful dating market we have here, couldn't find anyone trustworthy to build a life with so just like you I'm trapped living with family because its the only option right now. I also agree with what you said about the hiring practices we see now in Canada. I worked for the government in IT and before I left during lock downs HR went nuts on hiring anyone that wasn't white....I've never worked with people that lazy, unskilled and disrespectful in my 14 years in IT.
@@MMK86
Yes I know. The entire industry has been filled with foreigners who don't include locals. They're obviously racists. Its ridiculous. Many come from cultures where they don't "expect to work". Just get paid to sit there.
If you do back ground checks half of the folks in government roles or banking roles have dubious identities too (like 6 people in Canada trying to use the same educational background from India)...so its curious how it ended up that way. Makes it look like the reason they're not working is because they are just "obvious fakers" with no training or credentials. And now that the businesses have no 'real employees' there are no 'training opportunities' for these foreigners to learn how to fake the jobs. This is why all the businesses and the economy is collapsing. They simply do NOT know how to function without us there to do it for them.
Are these folks dumb? Or intentionally using their businesses to ship us their criminal populations? They are certainly paying a LOT of investment money to do that. Seems very wasteful.
People trying to get out before the collapse.
IF THEY WERE TRYING TO GET OUT. I WOULD SEE PRICE REDUCTIONS TO WHAT MARKET CONDITIONS ARE TODAY.
@@propertytwins Wait for it.
Crawl space,no garage, 1 washroom and it sold for $799 ????
Someone did well!
Not many homes priced in that range in the community.
The problem A lot of homeowners has low income and not contribute that much on tax !!!! Workers with high income and pay 40 percent of there income to tax while can’t afford houses. Nether renting !!!
So many things are unaffordable for a lot of people.
People can't afford your millions dollar homes with that interest rate. Too expensive everything like a car and food, not just homes. Not too many people can make that income to support that kind of spending.
You are a 100 percent correct
It’s a really expensive area for what it is
There are to many overpriced properties
There all coming to Windsor and putting our prices up
People are going to more affordable areas. Can’t blame them.
It’s the last city to go to yes it will wind up like the others
Everybody is saying there is no land around GTA, but there is. We just have make a few birds and other critters homeless. We have been doing it for thousands of years. Why stop now?
It takes so many years to get land developed. And I’m talking big dollars is fees and permits and studies. That’s why you see it sitting there.
@@propertytwins I bet those studies take a few years and the developer probably has to pay for it.
@@Ray-uc8ij THEY SURE DO AND YES THEY PAY FOR THEM ALL.
@@propertytwins Yep to save some birds, bugs and small mammals.
@@Ray-uc8ij oh developers pay dearly for them.
Isn’t it better to purchase a sailboat. Live on it have the freedom and travel everywhere and anywhere you want?
Not a bad idea.
Think again. Our governments will bring in a new living on a Water Vessel TAX!!!
Along with GREY WATER DISPOSAL CARBON TAX!!!!
@@walterpen371 I agree completely
@@walterpen371 lol , I think you’re right on this.
That is possible. With climate change, the winters are less severe. But as a sailor, I can say that this is not a large scale solution, but some folks are living aboard happily. It’s not an easy life but it is affordable and nomadic. Think of it as living in a bus. And you’d better have a job or income source that allows you to move around. Our family lawyer once said that you are better off being poor than in the middle class. If you are struggling at an office job, get into the low wage service industry because you can live on the water near the downtown core of city and work as a barista or cashier while living at a marina. If you can work remotely, good. Keep your shelter costs low. There are plenty of good and inexpensive sailboats for sale. Buy one between 30 and 36 feet long. with good bones then be prepared put 40 k into it. I actually started a course as a diesel mechanic/RV electrician to allow me to live aboard anywhere while servicing boats; just follow the sun and get paid in cash. Make sure you stay in Canada long enough to maintain your health care plan. Pay your CCP. If you have kids and a partner, buy at least a 40 footer.
The home of the Welfare Yuppie.
I wouldn’t say that.
If you think it's bad there check out the Collingwood/Blue Mountain area. There aren't even good jobs there.
I know. I so love that area. I was at Blue yesterday for a bike hike.
Are these people who buy these houses all in on the house? Or can they actually. You know. Eat?
I think a lot are struggling.
Move to Texas $200k for the same home and better weather.. All these homes and properties in Canada are gas lights.. waste of money
Nice state.
These properties are so overpriced. Any client that I have in innisfil will never be debt free or have savings in their life
Prices are wrong in that community.
You can thank real-estate agents for high prices, the dirty tricks they play to pit buyers against each other, how they list and wait before they take offers, the list of tricks goes on and on. I have zero respect for real estate agents, these are people who get paid a lot of money for very little work.
Your wrong. It’s a market and we just participate in it. Don’t blame the agents. You don’t know what you’re talking about.
Really? What's with all the games played? List and hold offers, not revealing what the other buyers are bidding and ramping up the price, arguing its location, its lot size, upgrades the house has, or whatever else you have in your bag of tricks. I highly doubt you've ever done anything unethical. Zero respect for you, you only do real estate because you have no other real skills.
Yup i get it, you should've got a realtor for 1% that's a franchise that's out there in almost any territory, then you don't feel slighted or F'"ed over .Its Money that makes people feel the way they do.But honestly for 1%, who cares ,sell my house and move on
Its also called timing, two years ago was the time
When rates go down?? Globe and mail reports rates will GO UP!
Look at how the economy is performing.
@@propertytwins Hello and thanks for the feedback. I am a construction industry professional and see the situation in the US and Here at home, and while the economy is doing well, indications are that the building intensions are declining along with fees for design work. Interest rates, labour scarcity, approval time lengths, household debt, uncertainty regarding European security, and generational affordability issues are combining to dampen real estate creation and sales. The cost of building a new home identical in floor space found in the older homes shown in your listings exceeds the costs of the older home . Builders cannot guarantee the final costs of a new build so that uncertainty suggests that buying used is preferable; offering prices reflect it. While some of the commenters here are shocked by the asking prices, wait ‘til you see the bottom line on new. Also the new building code coming to Ontario will increase costs yet again.
Need Trudeau put first, mortgages to go down and many listing are NoT the necessary types, they are people wanting to relocate to cheaper regions. In fact, in these time, you are much better to move up because the expensive homes take a bigger nominal value hit.
Higher prices are taking a hit now. To many listings.
Innisfil has 100 year old land leases, why would anyone pay this much money for that?
That’s Sandy Cove. I don’t know of any other area
Greedy RE agents helped increase housing prices. Plz don't deflect that.
You don’t know me. So please do t put me in that category.
@@propertytwins ok a apologize for that. With respect, and I try not to gaslight..but i did...these topics strike a nerve. It's also in most types of industry and workplace. Where people do what benefits them. Commission is motivating. So no not just agents and they really are front line to the crisizm and comments. However since covid especially, all involved have done well...until now. There are some generous helpings going on on what I feel are pretty blah houses for thatb1.2 mil price tag...so why not. But I digress. Its everywhere and I am part of the problem too. Still I do apologize and your videos are informative and I do appreciate the time you take out of your day.
@@ffsteve71 I sold a property for 1% total, Great dea,l Who wants to sell a property on their own, Great service and they got the job done
Interest rates will remain level (Not down) until December then their (US) borrowing wall will collapse the United States economy as China has no excess funds to lend. Ontario is attached at the hip to the Mid-Western US States interest rates will climb 8 to 10 points in the new year (December January) and the Big Three (Chrysler, Ford, GMC) will lay off 100% as they are done!
Well I don’t have that view. Economy has cracks now and is slowing. Rates will start to ease in June or July. This is my opinion.
When you rent, you are paying another persons mortgage, think outside the box, there are ways to buy a home, down payment help, rental income property
There is. But it’s so hard to quality today.
@JohnAnderson-sq8lt Renters are only paying a "PORTION" of mortgage @ today's costs to get into the market. Extra cost that Renters do not need to worry about or pay. Property tax alone being one, home insurance - ongoing maintenance. Rental income property is a huge risk, been there and done that. No guarantee's you will have a good tenant throughout - pay - pay on time - don't destroy your place in the process. Adding don't forget now you are in a new income tax bracket - more accounting and expenses $$$$$
I’m glad they are not selling. A million dollars in Innisfil is ridiculous. I bought my first home on the 10th Line east of the 25th side road for $99,000. Now they are over $500k for small home. That’s outrageous. There are no controls on Real Estate in Ontario.
They are well over 500K.
rich farmers
There are some that’s for sure.
Let's all thank Trudeau! 🎉😮
Yeah. He has a lot of people thanking him these days. And he still doesn’t get it.
Start amking houses that are affordable... who cares if its luxurious. Just a regular house with all amenities should sell.
They do sell.
Canada is a huge country. No need to leave Canada, just get out of Vancouver and Toronto. You want to live in millionaire neighborhoods, pay millionaire prices.
High costs of living.
⚡️ Trudeaumania Strikes Again ⚡️
Does he ever.
Why Canadians do that to their country? Why do you adopt such crazy prohibitive construction rules? Why do you adopt that crazy mortgage duration that often goes beyond the lender's lifetime? This inflates price even more. Why are you so devoted to throw your own country from the cliff???
Because our country makes things hard for people. They don’t listen to what people need.
A million dollar home doesn’t make you a millionaire in Canada or any Western country. It makes you an indebted schmuck.
It sure does
Ballooned pricing near an army base 😂 Cut your losses and drop your prices 😮 No value for your money here. I have an ICF built home with 140 acres but not near this. Full basement and room under two car garage. Suburbia sucks
Prices in Ontario have gone crazy the last 4 years
@@propertytwins yes they have, perfect opportunity to get out of Canada to tax friendly havens to the south. Canada will take decades to recover if it does from the current govt policies and spending
FOOLISHNESS....
Why is that
um they are all selling eventually. Nice try
Not all of them. You wouldn’t believe how many days it takes to sell a property priced over a million in Innisfil. 54% of the available product is priced that way. A lot of folks don’t qualify.
Maga hog north need to complain to hog ford for their provincial problems
Maybe
Get a life.
way too much swearing on this web show
We get a little excited
Innisfil is a lame town.
It’s a lifestyle.
I long abandoned that over priced difficult to commute from area. I used to keep my boat at Innisfil Marina.
It’s a hard commute. Takes a lot of time to get to the 400.
@@propertytwins And it just gets worse from there.
We used to store our ice fishing hut in the 70's at Ninth Line. The good old days and great fishing.
@@walterpen371 Great area.
insanity in frozen land is it going to end?😂😂😂 who wants to pay over 10 to 15 x annual salary 😂😂😂 super bubble in frozen land😅
That’s the market right now. Look at how much of people’s salary going to shelter. Most cases it’s 60 percent.