Crystal Ball Into The Future - What is Happening with Toronto Condos and Houses Value.
Check YouTube for the video version
https://youtu.be/yAoqYNh3Chs0:30 Intro - What's Up with Greater Toronto Area real estate? To buy or not to buy?
1:25 Who is in the house and why you care to listen to us: Frank
3:45 Who is in the house and why you care to listen to us: Mila
7:00 Two-part plan to solve a puzzle of 2020: where we are, where we are going. Condos and Houses
8:40 User - owner perspective. Trapped inside? Choose a comfortable space for the price! Fear factor drives the appeal of single homes.
10:55 Market is very emotionally driven now.
11:35 Spring market in December
12:55 The law of averages - it is not as hot as you hear.
13:35 Aggressive buying trend - going tangible in response to fear, driving supply and demand
14:20 Temporary vs Longer-term trends. Pandemic vs Supply and Demand.
14:45 Condo Rentals abound! Downtown is on sale. Tenants are moving around to get better deals
16:45 Real estate investing rely on understanding trends. Why and when to liquidate?
18:30 Condo sales - larger condos are stable. Low supply higher demand.
20:00 Condo Rental market resiliency to a whooping 250% increase in supply.
21:30 Five factors why Condo market became better supplied. 1 in 5 factors are longer-term. 3 are temporary COVID related. Prices are resilient!
25:00 What about houses? Sales activity on average is the same as before, adjusted for the spring closure.
28:00 Access to lending and the cost of borrowing are supportive of buying. Soft signaling of the government to support the real estate market to restart growth.