Selling Today Is A Big Challenge (Peel Region Real Estate Market Update)
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- čas přidán 27. 06. 2024
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In this episode we take a look at the current Brampton, Mississauga, Ajax, Whitby, Pickering Real Estate home prices and market trends for week ending June 19, 2024. We also discuss why selling today has become a big challenge. You never know the situation of those you're competing with.
This video will focus specifically on Brampton, Mississauga, Ajax, Whitby, Pickering 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.
The prices will decline again 20 % at least
Funny how sellers thought the home equity is locked in waiting for them to be ready😅.....the only thing equity related you get to keep mortgage borrowers is the equity debt you took out to live off recklessly invest and pay the mortgage with....enjoy the 65k suv you can't afford still.....
I'm just here reminiscing on the good old days arguing with the housing market bulls. Miss those guys. Last i heard they were saying wait till spring market. Somehow I can't remember what happened in spring. I guess we just need to wait till rate cut. Oops that happened already. I guess we are waiting on the fall market now. Or maybe next year right. When all the renewals are coming up😅. I guess everyone is learning some common sense economics. Good luck out there everyone
As a lifetime renter who is now paying around 3k/m rent for not very much at all + Power + Parking. I say Good. Sorry, not sorry on this rediculous housing market.
Sellers aren't listening and agents taking over priced listings. They are still dreaming when we had cheap rates@2% you could get 10+ offers. Sellers need to adjust the price or the property will not sell.
Bubble crash sell 😅
The only reason to buy a house in TO for two million is if you're convinced it's going to sell for 4 million in ten years. After all, two million of Enbridge stock pays dividends of approx. 150K. - your opportunity cost. But don't worry, we have such a totally F up government your house will still be worth 2 mil, and the Canadian dollar will be at somewhere around 30 cents to the USD in a few years.
Maybe some sellers are fed up holding assets that are underperforming stocks or gold
There's no guarantee on any investment and same applies to housing. If you got a house to live in the you can afford, YOU HAVE NO ISSUE. If you SPECULATED them investment comes with this exact market risk, bear them instead of trying selling them to others.
The '5 year term'..gift that keeps on giving..ofcourse mainly to real-estate agents, banks, lawyers..basically every blood sucking industry gets a cut, at the expense of seller and buyers, wake-up people, and fight for change.
What happened? No more fraudulent mortgages and massive immigration?
A lot of mfs stuck holding the bag.
Hi! Thank you for the info as always. I believe Durham region usually has that 60%+ at or above list prices because the listed price is put at 699k and 799k to attract people. Obviously, the sold prices will be higher than the aforementioned; at least for now😊
Halton region is part of the GTA can you please do a Condo Market Update for Oakville
“But real estate only goes up!” 😂 Most home owners have no idea how real estate appreciation works. Even fewer realize we have had four decades of declining interest rates pushing prices higher and now the party is over.
It’s just so many for sale listing now , make selling very hard. But it dries up the rental market, that is why put in rental will be faster. This will drives up rental, so rental returns will be up a bit probably will attract back investors. People need place to live whether own or rent. Either interest down or rental up or both will be in favour to landlord
Selling at psychopathic-disconnected-from-reality prices will be more difficult for sure.
The 2,5% increase for our investors/landlords is a joke. Wondering why our investors/landlords are selling? Where the tenants will go? To the hotels? We can't accommodate all the lower income tenants in hotels. You don't help the investors, it's the end of the game. For everyone. Nobody will borrow money. Less taxes. Less people to renovate their investments. Less jobs. More and more will sell and invest in GIC or other things, not in real estate. Long term thinking is the best. That why the prices will lower a little bit. Supply and Demand. Always.
Housing market is cyclical always was always will be , now we are in the phase of realization ( house prices are insane I won’t buy at this price ) people step out of the brain fog . More phases coming buckle up
You finally grasped the reality…. Atleast your head is out of the sand .