ITS BAD This is the Biggest Real Estate Crisis since 2008 The Canadian Real Estate Show

#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 NEW Canadian Real Estate SKITS Channel @TheCanadianRealEstateShowSkits 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://twitter.com/FrankfortReprt 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 -Toronto condo sales plummet -ontario condo sold staggering loss is this just the latest case in a worrying trend? -Condo Crazy Town: Would You Pay $270K To NOT Buy A Completed Condo Unit? Yeah, it's true, pay the Developer $270K so you wouldn't have to close a Pre-construction Condo purchase you made 5 years ago $270K so you wouldn't be litigated for failure to fund on closing day -Given the fact that precon sales have fallen off a cliff by ~75% it means way less new housing in the pipeline to be built within the next 2 to 4 years. Once existing inventory is absorbed, it means that our housing crises will reach unprecedented new heights by 2026-28. -Receiverships on the Rise in Toronto: High-profile projects like The One face financial difficulties due to delays and budget overruns​ (CityNews Toronto)​. Oshawa home sold for $2.55M in 2022; sold in 2024 for 1.755M https://www.durhamregion.com/news/an-oshawa-homes-value-dropped-800-000-in-two-years-owners-bought-for-2-55/article_e5313a3f-ec2b-5b7c-a8ce-0f6b0735b28a.html -Rental market up at least 10% in 6 months in Durham. It is insane what you get for $4k + util and that is a lot of money on shelter for most families. Tough to say this in the current market but we are coming close to buying making sense for the some people. -Toronto Housing Inventory Grows: Increased listings give buyers more options and negotiating power​ (WOWA)​. 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