Toronto Escorts

real estate..... is it true??

NiceToMeetYou

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Oct 24, 2010
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Banks need something to reduce their risks of lending you and anyone money. So the persons who have stable jobs with regular and predictable paycheques can be one of the evidences to reduce risks for the banks.

Escorting job may have high incomes in one day and no income at all in many days. So for the banks, escorting job doesn't have stable and predictable incomes and creates high risk for the banks to lend you and other escorts money.

The real estate market has been down for the past one plus years since May 2017. So there is no rush to jump into the real estate market to make any purchase right now. It's better to wait for at least a couple more years until after the real estate market will crash and the prices will continue decreasing more substantially. The real estate market will crash in the next couple years considering people's real incomes are not increasing and millions of young peoples in Canada are now attending post secondary education right now with very little prospect of finding quality jobs when they will graduate. So the unemployment will be higher because the Canadian economy doesn't create quality, full-time and skilled jobs as many as the large number of millions of peoples who are looking for quality jobs. That's why we're seeing large numbers of people who are in the 30s are still in the colleges and universities in Canada because there are not enough quality jobs for them and being frustrated in working in the part-time, low-paid retailed and unskilled jobs. Students' debts are on the rise and perhaps many peoples who are in 20s and 30s right now are having tens of thousands of dollars of the student debts.

Many of the degrees achieved by attending colleges and universities in Canada are useless because there are very little and opening quality jobs for people who have the degrees in Canada. The baby-boomers continue to work passing their usual retirement age around 62 - 65 because they don't have enough safety nests in their bank accounts and pension plans in addition to the rising costs of living, needed medications, hospitalization and major surgeries' expenses. The so-called "Walmart Greeters" who are the senior citizens continue working either part-time or full-time has already been a norm and commonly practiced in Canada.

Economic speaking, little of quality jobs are created, large numbers of unemployed and underemployed among people who are in 20s, 30s and even in 40s, as a result, the real estate market will collapse with major prices' reductions in the next couple years. We need young people to purchase entry level homes from the new and resale market so the older folks can sell their homes to move up to larger and more expensive homes. That is not happening right now because the young people are mostly unemployed or underemployed.

So it's better to wait for at least a couple more years until after the prices reduce more substantially to make a purchase in the Canadian real estate.



I really want to buy a small house either in Hamilton, Grimsby, St Catharines or even Guelph.

It sucks that you need an actual "job" to buy a house. I dont understand why you cant get a house if you have the down payment.

And these sky rocketing house prices need to stop!! :(
 
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oil&gas

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Apr 16, 2002
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Ghawar
Toronto’s House Price Bubble Not Fun Anymore

Wolf Street
Jun 4, 2018


Housing in the Greater Toronto Area is, let’s say, retrenching. Canada’s largest housing market has seen an enormous two-decade surge in prices that culminated in utter craziness in April 2017, when the Home Price Index had skyrocketed 32% from a year earlier. But now the hangover has set in and the bubble isn’t fun anymore.

Home sales plunged 22% in May compared to a year ago, to 7,834 homes, according to the Toronto Real Estate Board (TREB). It affected all types of homes, even the once red-hot condos:


Detached houses -28.5%
Semi-detached houses -29.4%
Townhouses -13.4%
Condos -15.5%.

It was particularly unpleasant at the higher end: Sales of homes costing C$1.5 million or more plummeted by 46% year-over-year to 508 homes in May 2018, according to TREB data. Compared to the April 2017 peak of 1,362 sales in that price range, sales in May collapsed by 63%.

But it’s not just at the high end. At the low end too. In May, sales of homes below C$500,000 – about 68% of them were condos – fell by 36% year-over-year to 5,253 homes.
...............................................................

https://wolfstreet.com/2018/06/04/toronto-house-price-bubble-deflates/
 

Smallcock

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Jun 5, 2009
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We're now at 3 months of inventory. If this trend continues we'll be in a buyer's market by December.
 

NiceToMeetYou

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Oct 24, 2010
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I walked around the tourist area in "Unionville" where it's in Markham. I've seen so many For-Sale signs in front of the homes in the areas. One street named Pavilions or something has 4 homes for sale on the same or intersected street LOL. The other 3 homes on the other streets had for sale signs when I walked there in the last summer and took the signs out in the last winter. Now the same 3 homes have the for-sale back in front of their houses again LOL. So they could not sell in the last year. Then delisted in the last winter and re-listed again in this summer LOL.

It seems like a bunch of folks have tried to cash out before their home prices dip down further and substantially. Only the fools will buy their homes now instead of letting the home prices sink further LOL.
 

Smallcock

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Jun 5, 2009
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I walked around the tourist area in "Unionville" where it's in Markham. I've seen so many For-Sale signs in front of the homes in the areas. One street named Pavilions or something has 4 homes for sale on the same or intersected street LOL. The other 3 homes on the other streets had for sale signs when I walked there in the last summer and took the signs out in the last winter. Now the same 3 homes have the for-sale back in front of their houses again LOL. So they could not sell in the last year. Then delisted in the last winter and re-listed again in this summer LOL.

It seems like a bunch of folks have tried to cash out before their home prices dip down further and substantially. Only the fools will buy their homes now instead of letting the home prices sink further LOL.
That's correct. Unless the months-of-inventory (MOI) trend reverses course, those sellers might struggle in the coming months. As of this time, Markham MOI is over 4 months, so they're in a 'balanced' market: https://www.zolo.ca/markham-real-estate/trends

A Buyer's Market typically starts at 6 - 7 MOI, and that is when prices begin to come down.

By contrast, the City of Toronto proper MOI is still only 2.5 months. It'll be the last market to get hit since it's the area in the GTA with the greatest demand.

Maybe Ford will reverse some of the policies that slowed down housing and give a boost to the market. Or maybe it's too late now anyway.
 

rgkv

old timer
Nov 14, 2005
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Every pyramid scheme ends the same way
I for one went to the top of the pyramid. the home I sold two days before the tax kicked in has dropped 350-400 thou. :whoo:
Although I do admit I feel sorry for the young couple, with a new born...who bought
 

Smallcock

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Jun 5, 2009
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I for one went to the top of the pyramid. the home I sold two days before the tax kicked in has dropped 350-400 thou. :whoo:
Although I do admit I feel sorry for the young couple, with a new born...who bought
I remember you posting about the sale here on TERB. Congrats!

Don't feel too bad for the young couple. Their loss is only on paper. They will not lose anything unless they sell right now. The house value will go back up again in the future as they raise their family there.
 

wonkyknee

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Jan 20, 2006
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I remember you posting about the sale here on TERB. Congrats!

Don't feel too bad for the young couple. Their loss is only on paper. They will not lose anything unless they sell right now. The house value will go back up again in the future as they raise their family there.
That paper loss shows up on any renewal and potential refinance though. It could haunt them for years.
 

rgkv

old timer
Nov 14, 2005
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I remember you posting about the sale here on TERB. Congrats!

Don't feel too bad for the young couple. Their loss is only on paper. They will not lose anything unless they sell right now. The house value will go back up again in the future as they raise their family there.
I talked with the new owners to see what there plans are. As I thought, plan was to tear it down, build the monster house, make big profit. Problem now he said was.. can't get loan on property, over mortgaged, no money to build... need to rent till market returns..
I think it will be years till they can even get what they payed for it.
 

wonkyknee

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Jan 20, 2006
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I talked with the new owners to see what there plans are. As I thought, plan was to tear it down, build the monster house, make big profit. Problem now he said was.. can't get loan on property, over mortgaged, no money to build... need to rent till market returns..
I think it will be years till they can even get what they payed for it.
why don't they just use cash from their savings? :)
 

Samranchoi

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Jan 11, 2014
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I talked with the new owners to see what there plans are. As I thought, plan was to tear it down, build the monster house, make big profit. Problem now he said was.. can't get loan on property, over mortgaged, no money to build... need to rent till market returns..
I think it will be years till they can even get what they payed for it.
Numbers don't make sense, IMHO. Value has dropped $350-$400K and that is affecting their ability to build a Monster home? Even if the value didn't drop and stayed the same, not really sure how they were even planning on tearing down a home, getting permits, plans,etc.... And building this monster home to make a huge profit. If the drop in the market has stopped their ability to do something, then they were not very smart or prepared (had a strong cash reserve or access to money) in the first place. Most likely received dumb advice from someone or came up with the crazy idea themselves. The way it sounds they wanted to make a killing and if that was the plan, they would have had to spend hundreds of thousands of dollars (high hundreds to over a million) to get the job done.
 

rgkv

old timer
Nov 14, 2005
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Numbers don't make sense, IMHO. Value has dropped $350-$400K and that is affecting their ability to build a Monster home? Even if the value didn't drop and stayed the same, not really sure how they were even planning on tearing down a home, getting permits, plans,etc.... And building this monster home to make a huge profit. If the drop in the market has stopped their ability to do something, then they were not very smart or prepared (had a strong cash reserve or access to money) in the first place. Most likely received dumb advice from someone or came up with the crazy idea themselves. The way it sounds they wanted to make a killing and if that was the plan, they would have had to spend hundreds of thousands of dollars (high hundreds to over a million) to get the job done.
Maybe they had the money or bank backing for a well laid out plan, buy for a mil {or so} build for 6 to 8, sell for 2.2 or so,, using the same numbers minus the 400 loss in value, profit disappears and, for now anyways they can't get more money for the sale of the build.. so, no deal
 

The "Bone" Ranger

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Aug 5, 2006
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I am (was) in a high demand area and based on my observations in the last two months the market has died (in relative terms) - inventory is not moving or if, verrrrry slow.

My guess is that things will stabilize over the next couple of years. I don't know if the Chinese government clamping down on the 50k per year FX limit is a part of the cause, limiting the bribery money entering Canada?
 

Smallcock

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Jun 5, 2009
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MOI is still very low so prices can still keep going up. Will be interesting to see what happens when condo prices plateau. I suspect active listings will start to increase over the summer as mortgage originations plummet and market uncertainty creeps in.

Conversely, there are still many folks strongly bullish on the Toronto housing market on other forums I visit.
 

NiceToMeetYou

Active member
Oct 24, 2010
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I am (was) in a high demand area and based on my observations in the last two months the market has died (in relative terms) - inventory is not moving or if, verrrrry slow.

My guess is that things will stabilize over the next couple of years. I don't know if the Chinese government clamping down on the 50k per year FX limit is a part of the cause, limiting the bribery money entering Canada?
Statistically from Canadian government released a couple months ago, ownership of real estates in Canada by foreigners are very small in percentage. If I remember them right, foreigners only own about 3% of real estates in the GTA and around 5% in Vancouver.

All of these real estate prices' craziness (up and down) are not from the foreigners. However, I solely believe that they are all from the Canadian speculators (some says investors) who are the main force of the real estate prices' up and down.

It's a normal psychology that the problems which we have had such as real estates' pricing problems in Canada are not caused by Canadian but from foreigners such as Chinese. It's more of the psychological thinking of most of human beings and not a fact. In other word, all of the problems which we have had are not caused by our own actions but other people actions.
 

The "Bone" Ranger

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Aug 5, 2006
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My belief is that although they are a small percentage of the buyers, they were driving the prices up. If something is for sale and someone with the bribery money comes in and starts making high offers, others will have to jump in to compete and so forth. Also, it is too coincidental that ever since they slapped the foreign buyers' tax that the market cooled off?

Statistically from Canadian government released a couple months ago, ownership of real estates in Canada by foreigners are very small in percentage. If I remember them right, foreigners only own about 3% of real estates in the GTA and around 5% in Vancouver.

All of these real estate prices' craziness (up and down) are not from the foreigners. However, I solely believe that they are all from the Canadian speculators (some says investors) who are the main force of the real estate prices' up and down.

It's a normal psychology that the problems which we have had such as real estates' pricing problems in Canada are not caused by Canadian but from foreigners such as Chinese. It's more of the psychological thinking of most of human beings and not a fact. In other word, all of the problems which we have had are not caused by our own actions but other people actions.
 

Allwomen247

New member
Jan 26, 2017
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Stats Can is useless and can’t be relied upon

How many Chinese have numbered Canadian companies with themselves as nominal directors and family members/friends who are Canadian citizens acting as purchasers?

When Stats Can Can did deeper into who actually controls these numbered companies and report back with a percentage then I’ll believe that they’ve really got to the bottom of it (foreign ownership).

In places like Richmond BC and North Van I wouldn’t be surprised to see 85-90% Chinese ownership structured through numbered companies.

Don’t believe Stats Can, they don’t want to dig deeper lest they be labelled racist by our politically correct state broadcaster the CBC (a branch of the Liberal party of Canada).

Cheers
 
Ashley Madison
Toronto Escorts