Toronto housing market just crossed a historic milestone amid market collapse
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Toronto housing market just crossed a brutal milestone amid real estate collapse
To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over …
blogTO (www.blogto.com)
Come onnnn lemme see this bubble burst in my lifetime pleaaase
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This post did not contain any content.
Toronto housing market just crossed a brutal milestone amid real estate collapse
To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over …
blogTO (www.blogto.com)
And the prices are falling right?
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And the prices are falling right?
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This post did not contain any content.
Toronto housing market just crossed a brutal milestone amid real estate collapse
To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over …
blogTO (www.blogto.com)
As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.
So then reduce the prices.
You can’t call it a collapse, complain about all the supply you have, refuse to reduce prices, and rally to the praises of free-market capitalism. The market has spoken. You have overvalued your property. Now give us houses and take your loss.
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In their graphics things peak at June/July, so realistically this feels like a metric that should be shown seasonally adjusted.
I wouldn’t say this is a market collapse until we see that in pricing.
The graph of news headlines about the real estate market is the same graph lol. They recycle the same narrative every year.
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The graph of news headlines about the real estate market is the same graph lol. They recycle the same narrative every year.
Realtor news is a lot like “this is good for bitcoin”
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As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.
So then reduce the prices.
You can’t call it a collapse, complain about all the supply you have, refuse to reduce prices, and rally to the praises of free-market capitalism. The market has spoken. You have overvalued your property. Now give us houses and take your loss.
You only reduce the price if you need to sell the thing. Real estate does not expire.
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You only reduce the price if you need to sell the thing. Real estate does not expire.
It doesn’t expire but clearly the vacant homes/units need to be taxed harder so sellers can’t just sit on them forever.
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It doesn’t expire but clearly the vacant homes/units need to be taxed harder so sellers can’t just sit on them forever.
Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.
Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.
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Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.
Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.
Flooding the market with rentals still lowers rental prices?
Also if there’s more housing than renters, some will have to start selling to avoid the taxes.
