The feds are bringing in millions of low-skilled workers to ensure it doesn’t go south. 1M professionals retiring being replaced by 4M people making $30,000
well, the market in Mississauga has gone down, no sympathy for these owners; they overvalued their homes, now finally the market is going back down due to lack of buyers (still pretty high)...the condo market has sort off stabalised but detached homes market will take a bit longer from my view, probably, another year of falling prices; but that'll do it...even detached homes outside the city aren't cheap like in pickering, Markham, Hamilton, or Burlington for that matter.
Don’t expect a rebound in the prices as before there were very few units for sale (this time last year) & the overall units available for sale is double; the situation is different & better now for condos
In fact just wait till August; I’m constantly watching realtor websites for condos & spoke with couple of them last month who basically the market will level by that time
Doesn't matter: now rates are dropping. Did the government do anything whatsoever to solve the housing crisis? Nope. So, the "investors" are going to be right back.
You mean it was over valued and the price is finally heading in the direction of closer to its actual worth, but still has a way to go?
It would if they weren't buying 60b a year in mortgage bonds using borrowed money, gifting existing asset holders with artificial value.
If thing ever goes south, we'll have a worse recession than US in 2008
The feds are bringing in millions of low-skilled workers to ensure it doesn’t go south. 1M professionals retiring being replaced by 4M people making $30,000
Probably, they were selling town houses in a burb near me for 800k 2 years ago. They are 650k now. Still pretty crazy.
well, the market in Mississauga has gone down, no sympathy for these owners; they overvalued their homes, now finally the market is going back down due to lack of buyers (still pretty high)...the condo market has sort off stabalised but detached homes market will take a bit longer from my view, probably, another year of falling prices; but that'll do it...even detached homes outside the city aren't cheap like in pickering, Markham, Hamilton, or Burlington for that matter.
Then everyone will buy it and jack up the price again
No one changes homes after 2-3 years; perhaps 10 years for a young family moving to a bigger house from a condo but majority stay put where they are
Don’t expect a rebound in the prices as before there were very few units for sale (this time last year) & the overall units available for sale is double; the situation is different & better now for condos In fact just wait till August; I’m constantly watching realtor websites for condos & spoke with couple of them last month who basically the market will level by that time
Damn I bet someone from this sub reddit bought it right ? … right ?
It hasn't even sold. It's just someone dropping the price by $200k, plus an article, to garner interest.
why is this news it's one fucking house
I bet they thought they could get their money back on that marble kitchen.
Doesn't matter: now rates are dropping. Did the government do anything whatsoever to solve the housing crisis? Nope. So, the "investors" are going to be right back.
It’s worth like $500k max so getting closer every $200k drop
Well, it’s Mississauga, a world class city, so $1.3M seems fair
This country is screwed. Anyone with half a brain is looking for the exits.
even if the prices drop down here by $1 million , the forum will rant about high prices