Comments on: Toronto Real Estate Is The World’s Largest Bubble & It’s Officially “Crashing”

By: Bob Barker

Bob Barker — Tue, 10 Jan 2023 22:06:26 +0000

In reply to Curious cat. So the libs can secure votes and keep their grip on the country

By: Demetri

Demetri — Tue, 10 Jan 2023 03:58:51 +0000

In reply to Adam. Lol, Perfect! You're spot on!

By: Yoroshiku

Yoroshiku — Tue, 10 Jan 2023 00:12:10 +0000

In reply to Very Unsure.

I agree. Various experts have been calling it a bubble for years, and the growth in prices does seem disconnected from reality. As soon as inflation seems (more or less) under control, it seems likely that the BOC will drop interest rates as quickly as possible to reinflate the bubble. That’s why so many ‘investors’ are holding onto their properties, waiting for the buying frenzy to start up again.

I don’t know how many new immigrants can afford to drop $1.1M+ on a house.

By: W8

W8 — Mon, 09 Jan 2023 14:53:35 +0000

In reply to Doomcouver.

That’s what the RE “investors” don’t understand: there’s insufficient liquidity remaining for them to exit.

Those whom are dumped in Q4 for limited profit, loss or break even are the one’s who rushed to the exit.

Liquidity function and forced sellers will cause prices to gap down causing 2023 to have greater YoY % declines than 2022.

By: Rahul

Rahul — Sat, 07 Jan 2023 03:58:27 +0000

Rates will come down by mid year to end of the year as recession hits badly and they will lower the rates significantly faster than they raised them.

When Covid hit, they should never have let the rates go so low. Then they said they will keep the rates low till 2024, then they said inflation is transitionary, then they said inflation will be much lower by the end of 2022. They don’t really know anything and I won’t believe for a second that they won’t reduce rates when the recession hits because all this effort was to keep the economy running well, so they will reduce rates eventually in 2023.

Funny thing about inflation is that even if it gets down to 3% at the end of 2023, two consecutive years of high inflation is already baked in the base prices. Which means the mess they did of about cumulatively 15% inflation over two years never goes away unless the inflation goes negative -15% in 2024 which never happens.

By: Adam

Adam — Fri, 06 Jan 2023 18:23:58 +0000

“…You ain’t seen nothin’ yet
B-B-B-Baby, you just ain’t seen n-n-nothin’ yet
Here’s something that you’re never gonna forget
B-B-B-Baby, you just ain’t seen n-n-nothin’ yet…”

Rates aren’t going down anytime soon. Mortgage qualification will continue to stress buyers. Some sellers will continue to hold out, praying on a return to loose monetary policy. This whole mess was caused by artificially low rates…too low for too long.

By: Curious cat

Curious cat — Fri, 06 Jan 2023 15:48:40 +0000

In reply to Ray. Why are they bringing so many people without the infrastructure and jobs to support/integrate them?

By: Alex Nobilius

Alex Nobilius — Fri, 06 Jan 2023 15:24:13 +0000

In reply to Ray. Many of them. 4-5 families in the same house like in Brampton these days it is new Canadian standard of living. The show MUST go on!

By: Jim

Jim — Fri, 06 Jan 2023 09:27:38 +0000

In reply to Tim. Good, they voted, they got what they deserve! Hahaha 🤣

By: Tim

Tim — Fri, 06 Jan 2023 09:24:57 +0000

Hahaha and good night