Comments on: Canadian Real Estate Markets Are Finally Seeing More Sellers (And Inventory): RBC

By: Hussain Lakhani

Hussain Lakhani — Sat, 12 Mar 2022 17:26:46 +0000

This is what happens after panic buying. I am a Realtor based in Toronto and I have witnessed Euphoria in the beginning of 2017 and the market bust. Market is never one direction. We have a record level inflation, interest rates are rising. High probability of a recession. What surprises me is the buyers are not looking at all these indicators pointing towards a correction.
I am a Realtor

By: Agent X

Agent X — Wed, 09 Mar 2022 23:54:53 +0000

In reply to Agent bob.

There’s too much incentive for all segments of investors right now. I have clients that are being sold on the idea from their mortgage broker to use their HELOCs to buy a couple of properties for perpetual rent and then leverage up against those properties.

One mistake and they aren’t just broke, they’re broke for generations. Won’t even listen if you tried to explain, “may just buy one property first and see how it goes.”

By: C.Rose

C.Rose — Wed, 09 Mar 2022 18:18:43 +0000

With rising inflation and rising interest rates we have the makings of a major squeeze on consumer confidence. Inflated bubbles will deflate very quickly and could lead to crashes in some. When the tide goes out, we will see who is swimming naked.

By: Agent bob

Agent bob — Wed, 09 Mar 2022 13:29:24 +0000

I believe that most Canadians finally realize this crazy market is way overvalued and cannot be sustained.
People need to just chill out and not worry about buying. I know it doesn’t look like it but you will be rewarded for your patience within 6 months.
The government must put the2 year moratorium on non residents immediately. Push for that with your MP.
They must also come down hard on monet laundering. Push for that also.