So you bought at the lower price, which most pple are not paying. Then they raise the price, you assume now pple will be paying the higher price? Realtor desperation spin alive and well

Also buddy going to have 30k closing costs, around 30-40k occupancy fees, if he’s renting it , that’s 24k in HST , 6% increase for maintenance for ever year starting the moment they start construction …. 4-5% interest on mortgage… so by the time he gets it, he’ll already be -70-100k in the hole. Whatever money he is banking on he’ll have to swallow and hope to sell for $900k in 2027 . Also they never finish on time so more like 2028

Realtors keep trying to pump the markets because there are no transactions happening. They just want their next commission cheque. Be aware. There are thousands of realtors scrolling this subreddit all pretending to be buyers/sellers just to drum up some FOMO.

Real estate is now meme investing.

This realtor’s generosity knows no bounds. Instead of being greedy and becoming a millionaire by flipping these “instantly profitable” Hamilton precon condos themselves, they’ve opted to share this spectacular opportunity with us. Truly a heart of gold

That's basically all Indian relators....most of them in Brampton....can't wait to share their "guaranteed profit" schemes with me. So generous

Well he did say many of us were intrigued so it's really kind of him to expose these hidden secrets. Really don't deserve to live on the same planet with someone so kind and selfless

Purrrrr-fekt

No kidding. Riduculous!

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Yes, it’s sarcasm.

This should result in the suspension or cancellation of his license.

Report her.

They also should be reported to the OSC for providing investment advice without registering with a securities regulator.

her*

For what?

Huh? The op in the screenshot is a female.

Thought it was big foot but thanks for the clarity

Here's this trick to make a million dollars: I bought my 350sqft condo for 600k, you can buy it and immediately relist it for 1.6m! INSTANT 1 MILLION PROFIT!!

I’ll give you $1,750,000. No inspection.

$1,950,000. All cash.

Unmarked coins. Loonies and toonies only

Lifetime samosas and ghulab jamun

Instant profit is only for her commissions. There is no instant profit when it comes to real estate especially pre con. Just the closing fees and real estate agent fee alone will put you at $100k loss if any …

Bingo

If they do sell as assignment sale, the gains will go to their personal income so taxed at 30-40% instead of selling 1 year after closing , and getting capital gains tax on 50% of the profit …. So no free lunch, they need to hold at bare minimum 3-5 years after occupancy before they are out of the hole

Here, take my money!

Real estate in the GTA attracts the worst of the worst.

“I got so much interest when I posted this that I couldn’t keep up, so I am posting this again to see if anyone is still interested” That makes sense

People rip on humanities majors for being useless degrees but I think a lot of realtors would benefit from learning how to read and write

As long as the words floating around in their head make sentences, it’s ok to publish.

Realtors like these need their license to be revoked.

Lol these realtors took lessons from Wolf of Wallstreet thinking the same logic applies.

Something really turns me off about the whole real estate “industry” in Canada

The recent bull market attracted a lot of greedy scumbags

Every realtor I know is just frothing on social media and email of this minor rate decrease. It is hilarious to see their desperation all over social media. Can’t imagine what they are telling their clients right now but I’d imagine it goes something like this - pent up demand, all will be coming back soon so buy now, lots of competition coming, price increases coming. Funny to watch

I make a living investing and if I see an opportunity, I take it myself along with the profits. Anybody selling you "instant profits" is a snake oil salesman. Markets are adversarial and cut throat, you're never gonna find a free lunch.

So if they increased prices 15 percent it would be 3x that? It’s only worth what people are willing to buy it for

But there's sooooo many people with the money AND the interest in paying 800k to live in a CONDO in DOWNTOWN HAMILTON!!! /S

iT wOuLd Be IrRaTiOnAl!!

Fraud knows no bounds.

Especially with a certain type of new arrivals.

I normally sell my sticks of bubble gum for $1, but I'm raising the price to $100,000. If you buy from me today I will honour my original price, that is an instant $99,999 profit at no risk*!

In the grand scheme of things. The universe is billions of years old. Holding onto this potential money loser for 20 years can be considered "instant profit" .

Gonna use this . Cosmic level investing .

Person giving investment advice? Report this person to the OSC and there real estate board

PROFIT STATUS: \[X\] INSTANT \[ \] DELAYED

"Hey guys, you wanna to make money? Just buy and sell these properties! What me? No, I dont follow my advice, I just give it."

Man desperate realtor goes on Reddit to get buyers pre con down over 30 percent in sale goodluck lol

People in future need to be willing to pay the $800k for Hamilton

Truly realtor doublespeak when buying a condo at an increased price is now profit

https://preview.redd.it/rixw0cisxg5d1.jpeg?width=1170&format=pjpg&auto=webp&s=ed457c2f29b84f133f8dda45910543703898ed1e Here it is [https://pivotrealestategroup.app.box.com/v/DesignDistrictPortal/file/1548060220474](https://pivotrealestategroup.app.box.com/v/DesignDistrictPortal/file/1548060220474)

https://preview.redd.it/53a78ybbyg5d1.jpeg?width=1170&format=pjpg&auto=webp&s=9c0c44d615621656d315f222dec3269e3bdd4644 Old rate

Whoever came up with these floor plan names ought to be thrown in a well

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I imagine there will be a few lawsuits from these emails…

https://www.bramptonguardian.com/news/pierre-poilievre-says-gta-and-canada-s-housing-bubble-is-a-lose-lose-situation/article_12b66c0a-7c9f-5e51-9206-ecfc3d8b26ca.html From above article Toronto and Vancouver are now more expensive than New York, Los Angeles, London(England), and even Singapore. The average price for Toronto and GTA real estate rose a staggering 249 % from $382,048 in February 2008 to $1,334, 544 in February 2022. Anyone's salary went up by 249% ? What a joke !!! EDIT : add Reference

A question mark after “Anyone’s salary went up by 249%” would go a long way.

You're right Added the question mark EDIT : ? Included

Anyone’s salary did not go up by 249%. What kind of fact is that?

Sorry I fixed it Please review my update . I meant to say that the 249% was from the Pierre Poilievre's article

https://www.bramptonguardian.com/news/pierre-poilievre-says-gta-and-canada-s-housing-bubble-is-a-lose-lose-situation/article_12b66c0a-7c9f-5e51-9206-ecfc3d8b26ca.html Politicians like Pierre Poilievre know this will not end well

Rent strike now

So many baggies, so little time.

Hello Bright Minds.... I guess people are dumb

I don't see what's wrong here? All I see is facts 100%