Comments on: Canada’s Major Real Estate Markets Are Seeing Inventory Return To “Balanced” https://betterdwelling.com/canadas-major-real-estate-markets-are-seeing-inventory-return-to-balanced/ Canada’s Fastest Growing Real Estate News Source Sun, 28 Aug 2022 17:39:16 +0000 hourly 1 By: Gerald Silva https://betterdwelling.com/canadas-major-real-estate-markets-are-seeing-inventory-return-to-balanced/#comment-85577 Sun, 28 Aug 2022 17:39:16 +0000 https://betterdwelling.com/?p=21738#comment-85577 In reply to Remington.

Agree 100%

]]> By: Jared https://betterdwelling.com/canadas-major-real-estate-markets-are-seeing-inventory-return-to-balanced/#comment-85576 Sun, 28 Aug 2022 16:41:30 +0000 https://betterdwelling.com/?p=21738#comment-85576 In reply to Remington.

I don’t see investors dumping properties because they are “investors” You generally buy a property because the amount you are getting in rent made sense for the expeensives you had to carry.
Rental rates are rising as less people are buying, that’s good for the investors. The folks that are selling are owners. They have made substantial gains over the last couple years. They can take their gains (tax free) and buy back into a market that is in decline. Maybe they get a better place for the same price.

]]> By: Yoroshiku https://betterdwelling.com/canadas-major-real-estate-markets-are-seeing-inventory-return-to-balanced/#comment-85572 Sun, 28 Aug 2022 14:57:16 +0000 https://betterdwelling.com/?p=21738#comment-85572 In reply to Remington.

I have 4 friends who bought second homes as investments in the GTA. They all anticipated bidding wars but those did not materialize. These 4 sellers have pulled their properties off the market (due to lack of interest from buyers) in hopes that interest rates will be slashed again soon and the buying frenzy will resume. At that point they plan to re-list their properties. I wonder how many others are like these 4?

]]> By: Steele https://betterdwelling.com/canadas-major-real-estate-markets-are-seeing-inventory-return-to-balanced/#comment-85571 Sun, 28 Aug 2022 12:55:57 +0000 https://betterdwelling.com/?p=21738#comment-85571 Good. Squeeze the property hoarders out of this market and give families and the young a chance to buy homes at reasonable prices. People forget that high rates are temporary but that mortgage balance sticks with you for good. Best time to buy is when prices are lower (means lower down payment), rates are higher (as long as you can afford it) and you are committed to own for at least 10 years. Shitty time for investors but great time for actual home owners that can afford the payment. I believe this is also an opportunity to shake out those buyers who were actually renters disguised as buyers ( they don’t take care of property and are not committed to it) which pushes them back into renting, hence one of the reasons rents are rising.

]]> By: Remington https://betterdwelling.com/canadas-major-real-estate-markets-are-seeing-inventory-return-to-balanced/#comment-85566 Sun, 28 Aug 2022 02:49:18 +0000 https://betterdwelling.com/?p=21738#comment-85566 What you’re seeing is all the investors trying to dump their properties before it gets worse. It’s not regular families selling because they got nowhere else to go. Sure you might see the odd one or two. How all the sudden plenty of inventory.

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