LEGAL BASEMENTS
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Supply Update
Canadian STATS for June. Price drop has been minimal (despite 1% increase in interest rate).
Daily Supply Updates
You can never TIME the market. You can never truly know when prices have bottomed. But inventory is going low … is a big sign: Sellers are delisting, taking it off the market. Less Supply = More Seller Market = Price Increases https://www.bnnbloomberg.ca/huge-increase-in-homes-being-delisted-in-toronto-market-broker-1.1793702 Consult your trusted professionals and start the conversation what is possible …
Should I wait for prices to crash before buying?
The bounce back has always been EXTREMELY strong & fast.
There is no reason it will be different this time. Do you
want to buy the house you want, STRESS-FREE?
-OR- In Multiple bidding environment?
You shouldn’t be looking to buy, but you should start hunting
now, if you want a good deal.
Daily Supply – How to Read
How to read this poster It has exclusive information about SUPPLY (No. of homes available to buy in GTA). This is the single most important factor that is causing changes to our Real Estate market. Hence, you can gauge the market quickly from it. IS THERE ANYTHING I CAN DO TO HELP YOU? (416)317.6226 … Read more
Supply Update
Current inflation is caused by too much demand. To reduce inflation – interest rates are on the rise. Hope is, this will reduce demand. This will inevitably slow down the business. What happens when business slows down? They Lay off People! STAY SHARP!
Supply Update
*HOW TO READ THIS POSTER*
– THE RED & BLUE BAR ON TOP SHOWS YOU BUYER OR SELLER CONTROL.
-The number(s) shows Homes available to buy in the GTA. This is the supply available; this is the biggest constraint driving the price up, causing bidding and now inflation
Daily Supply Update
Market was shocked (by 3 factors all in same week). Hence there is confusion in market. You see over asking, under asking, distress, and all.
Prices have come down from ALL-TIME-HIGH but after 40% increase in very short time, 10%-15% down is a good thing for this year.
(PS: In a normal year, price does fluctuate down 10% anyway)
Daily Stats
Yesterday’s poster : The chart shows: People will re-list OR not sell at all (than sell low ball price). You can find “deals” but those are exceptions. Most headlines you see are exceptions. (Prices have come down from all-time-high, but “crash” is not the right word for current market)
