Comments on: If Toronto Real Estate Is So Hot, Why The 45,000+ Cancelled Listings Last Year? https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/ Canada’s Fastest Growing Real Estate News Source Tue, 21 Mar 2017 01:39:53 +0000 hourly 1 By: David https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2868 Tue, 21 Mar 2017 01:39:53 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2868 No wonder there’s a housing shortage. Specs buy 10 houses for their inventory. The houses are then off the market. Instant shortage!

]]> By: Marilena Anderson https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2831 Fri, 17 Mar 2017 17:21:18 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2831 In reply to aby.

so true! i know 3 people that have left good jobs to become FLIPPERS — the housing situation in Ontario has gotten so out of hand and the government is not doing anything to stop this nonsense!

]]> By: aby https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2830 Fri, 17 Mar 2017 14:13:45 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2830 In reply to Nayela Manzoor.

This mess is a combination of factors- low interest rates, shortage supply ( maybe due to cancelled listings) , foreign money , and even the real estate agents who have to make living off it trying to maximize their profit. I seriously don’t understand with so many articles and talk about it how does the govt not have solution for this ? or they are happy with the money pouring into their treasury and talking but doing no action seems a better choice ? ………..

]]> By: Nayela Manzoor https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2821 Thu, 16 Mar 2017 16:10:47 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2821 I went for a house showing yesterday. The guy who was the owner of the house and also a real estate agent told me that he is attending a training course on House Flipping. I was wondering what has happened to this industry it has totally gone to the dogs. There are real estate agents who are holding as many as 5 to 10 properties. They are spreading panic around and making people buy houses in panic.

]]> By: Mike DeCamp https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2817 Thu, 16 Mar 2017 12:54:28 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2817 “honest real estate agents are caught in this crap storm”

I feel bad for both of them.

]]> By: Dave https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2816 Thu, 16 Mar 2017 12:53:48 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2816 This industry 100% is not capable of managing itself. Too bad Wynne sold us out for…I’m not even sure why we’re getting sold out so often.

]]> By: Smokey The Real Estate Bear https://betterdwelling.com/city/toronto/if-toronto-real-estate-is-so-hot-why-the-45000-cancelled-listings-last-year/#comment-2815 Thu, 16 Mar 2017 12:52:18 +0000 https://betterdwelling.com/?post_type=bd_property&p=5576#comment-2815 Ha! The only thing to do now is to convert your capital to USD, and wait for the Canadian government to just devalue all of this poorly used capital.

]]>