Sales dry up disappear and fall off a cliff No sales Rough days ahead for Canadians

#canadianrealestate #canada #realestate #toronto #vancouver #calgary The Canadian Real Estate Show Darryl Frankfort from DealCore Properties and TK Butler from The Frank Leo and Associates discuss the Canadian Real Estate Market in depth from their own unique perspectives with a particular focus on The Toronto Real estate Market. Check out The Canadian Real Estate Show CLIPS Channel @canadianrealestateclips Listen to the podcast Spotify: https://open.spotify.com/show/3IdhJbcDW4DOQR4PlTKarD?si=68e39e2c17474279 Follow us on TikTok https://www.tiktok.com/@canadianrealestateshow?is_from_webapp=1&sender_device=pc Follow us on X https://twitter.com/canadianREshow Talk with T.K. https://calendly.com/tk-book/1-on-1?month=2024-04 Join The Frank Leo Team https://getleo.com/joining-the-team/ You can find everything Darryl Frankfort on TikTok https://www.tiktok.com/@theassemblyking?lang=en You can contact TK Butler at https://www.realtor.ca/agent/1779810/t-k-butler-2234-bloor-street-west-104524-toronto-ontario-m6s1n6 You can follow TK on Instagram https://www.instagram.com/armbar_broker/?hl=en Ziv Moran - Jericho -inventory is surging, sales have disappeared -calgary and edmonton sales are surging -home prices and inventory, condo market is a wasteland. -spoke to a world renown architect, solutions wont work for years -average rents have doubled since 2015. $973-$1893 . toronto rents have gone down for 3 straight months, -Toronto housing starts falling off a cliff but still historically average -JUST IN: Blackstone sells NYC office building at a shocking $420M 'haircut' 1740 Broadway sold for $185M Blackstone paid $605M in 2014 and millions on renovations during their ownership US office has gone from scary to apocalyptic for many cities across the US -Biden approves $95 Billion Ukraine aid package combined with TikTok ban. -30,000 units in planning or permitted in just the golden mile in scarborough. They are all from big developers, with big money, who purchased a long time ago, i guarantee you that all of these units are tiny pieces of shit geared towards investors. https://x.com/FutureModelTO/status/1783481084409413747 -discuss the fundamental flaws in the current system that will need to change as the market heads in a new direction. The days of quick sales over the weekend to dumb investors is likely over even when interest rates come down. The demand is from end users and the product mix will have to adjust to that. Financing restrictions will have to change to accommodate, building techniques will have to improve and speed up. Few end users can wait years for their homes to be built. -we are building 1 new home for every 20 people we bring in. single fam homes will sky rocket Bear market Bull Market Bull trap Pause Rate Pause Rooming houses Bill 23 Mortgage Fraud Homelife Miracle fraud Scam Protest Investing Investment House Hacking BRRRRRR AirbNb Rental market Renting Trigger rates Oil Bank Of Canada Interest Rate Immigration Recession Deglobalization Demographics Aging Population Toronto Real Estate Hamilton Vancouver Real Estate Calgary Real Estate Montreal Real Estate Saskatchewan Real Estate Calgary Regina Saskatoon Real Estate Market Multi family investing Nimbys Yimbys Phimbis Politics World war 3 Recession Inflation ww3 Housing Policy Pre-construction Sales Condos Condominiums Bank of Canada Interest rate hike Interest rate raise War Canadian Real Estate Toronto Real estate Calgary real estate Toronto development projects Toronto past the canadian economy real estate investing real estate technology poptech buying real estate low inventory levels 2022 real estate predictions City Planning Real estate technology Investing in real estate Work from home Toronto Real Estate Vancouver Real estate canadian real estate house pricing condo market interest rates Politics Evergrande China oil Prices are dropping Darryl Frankfort DealCore Properties TK Butler Frank Leo and Asscociates 00:00 Intro 02:00 Please Subscribe 55:00 Almost Done