Luigi has been diving into the Real Estate data for Toronto and Vancouver……and he thinks that Vancouver may have hit a ceiling, but Toronto may have …
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Real Estate in VANCOUVER Topped – TORONTO Not Yet…………
12
Feb
Feb
Luigi has been diving into the Real Estate data for Toronto and Vancouver……and he thinks that Vancouver may have hit a ceiling, but Toronto may have …
Have you seen “love it or list it “on tv would know there is something very wrong.
Lending practices will become more stringent the closer we get to the event and that credit squeeze will be the reason for it. Banks enabled the housing bubble with low rates and passive lending practices. When the money well runs dry, the real estate market will go thirsty.
excellent video explaining how they cook the numbers, and instill fear into potential buyers using the lack of inventory myth……https://www.youtube.com/watch?v=DRmEt50zzPw
Rich Chinese will not buy in Toronto because they think its a bubble. Lol. The rich stays in Vancouver. If you want to pursue the real money then check out Shanghai. Dig deeper into other economies. This is a Microsoft refund department. Lol
what in your estimation is the % of properties that are owned in corporations?
Dont forget Immigration. Low interest rates. Less land now than 10 or 20 yrs ago. Key factors.
Toronto seen it's bottom.
wow, so the average net worth of people in Vancouver is 1 million? i thought everyone was in massive and all time debt.
Anybody read Bill fergusons new book yet?
Its called “How To Chart Your Way To Poverty”.
All the kings Graphs and all the kings charts, did not ever predict the price of real estate being this high. So your graphs and charts are good for fire starter and thats about it. 🙈
So when is Toronto crashing? Will it happen in our lifetime ?
The Canadian and American economy is fully based on counter party risk nobody owns anything anymore it is either being bought leased or rented, outright ownership of any assets is a thing of the past it’s all paper wealth all these paper wealth holders better pray that the economy does not falter
You should explain if the graphs represent gross or net income.
Is the number pre-tax or after-tax in Home Mortgage Payment vs family income? If after-tax, then conclusion may be wrong.
Interesting that most youtube nerds in Canadian real estate are in Vancouver…but most chart nerds are in Toronto 😀
All eggs in one basket in RE is risky. Ummm…. OK. When the average person can't afford to own in Vancouver because of sky high prices they are going to rent which makes that second and third rental property stable investments. A lot of homeowners also rent out their basement suites or rooms (AirBnB) so having most of their net worth in their primary residence is not that risky.
“….they don’t drop to lower point” well that’s true when “the things” correct. When they crash they go to 0. I doubt this will happen with housing market I.e. drop to 0 but 50-60% is literally not correction, it’s crash.
Luigi is wrong about the ceiling for Toronto and here is why:
If Van has more RE investors who are non residents than Toronto, then of course income does not matter in Van and to be focused on affordability for Van is just incorrect. Aka if I am non resident, I dont care if I have renters or buyers cos I dont rely on the income from Canada.
There is a Hundreds of "investing" companies like Homeventors buying thousands of homes and holding.
Scammers and speculators runing the market.
I start talking about if/when Toronto will fall @ 27:18
During the recording of this video, was I:
a) Hung over
b) Sleep deprived
c) Sick
d) All of the above
Man Girl, you said if Vancouver didn't fall in the spring you'd hand in your Youtube Channel. Time to shut it down my gay friend.