https://padlet.com/cameron_duetsch/q8ie0r5sx7az Building understanding of the market brick by brick en-us 2017-04-10 20:00:23 UTC 2025-07-06 17:14:21 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Simplehouse.png cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165796673 Welcome to my padlet wall! Here, I will be posting a variety of information concerning the housing market in the Greater Toronto Area. I would hope that you learn a bit more about what the housing market is like right now, and continue to enhance your understanding of it in order to make an educated decision on whether or not to buy a home in the area.]]> 2017-04-11 01:32:17 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165796673 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165799062 http://www.theglobeandmail.com/real-estate/toronto/toronto-realtors-predict-another-price-surge-warn-against-foreign-buyer-tax/article33844568/

This is the common theme among the media coverage of the housing market in the Toronto Area - houses are becoming exponentially more expensive and fewer homes are becoming available for purchase, further increasing the prices. This article discusses the results of the past year and what the effect has been on Canadians. It contradicts the popular belief that foreign investors are the reason behind these price surges, as merely 5% of the total market is made up of this group. It urges the Ontario government to control the supply of the house market - meaning they should fund the development of more homes and subdivisions to level out the ratio of supply and demand.]]> 2017-04-11 01:55:28 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165799062 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165799753 https://www.youtube.com/watch?v=_XbaHhOck8k

This gentleman offers more information of the results that have been gathered in the past year and a comparison to other growths and declines in the market to give you a better understanding of what sort of shape the market is right now. Due to the exponential rise, it is advised that house flippers should stay away from purchasing homes in the area in order to turn a profit, and should seek capital gains from other sources. This is not HGTV afterall! ]]> 2017-04-11 02:03:47 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165799753 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165800890

 This is February looked likes in terms of the increase of sales and the average prices of homes across the GTA! The

]]> 2017-04-11 02:19:25 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165800890 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165801914 https://www.youtube.com/watch?v=gKLIP6A5wqw

This next video is of an interview discussing how the prices in Vancouver could have risen so dramatically. While Vancouver is far from the Toronto area, there is a lesson to be learned here, and hopefully many people may check themselves before repeating the same mistake. People are seeing their friends and coworkers making incredible capital from the growth in their home equity, and they want a piece of the action that is happening. However, this interview emphasizes that this rapid growth means it is already too late to earn that sort of capital, and that you run a risk of increasing your mortgage to unsubstantial limits for profits that will not occur. Furthermore, people like these "panic-buyers" play a significant role as to why the prices of increased so drastically. ]]> 2017-04-11 02:34:21 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165801914 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165804226 http://www.moneysense.ca/spend/real-estate/canadian-real-estate-market-outlook-2017/

These are the projections for the year of 2017. It still does not look good for the GTA, but it does show signs of improvement. Across the board, there will be a projected decrease in demand for homes as customers simply can no longer afford the stupendously high prices of the home, no matter how much the bank will give you or how low the interest rate. This decrease in demand will slowly wear away on the prices of the homes. Unfortunately, this has only an impact in other areas of Canada such as Nova Scotia, Prince Edward Island and Quebec as the supply for the homes in Ontario is still pretty small. However, with some supply control as previously suggested, we could see a decline in prices over the next couple years. The Ontario Liberal Government will actually be releasing a plan to counter these prices very soon.]]> 2017-04-11 03:05:18 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165804226 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165805020 As predicted and discussed in the article above, we can see that there is a decrease in sales across Canada, while the portion of income used to pay for that home is still very high!]]> 2017-04-11 03:17:35 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165805020 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165805284 https://www.youtube.com/watch?v=FlsOai09bE0

 Now, it is not completely hopeless if you are in a hurry to establish a home and need a roof over your head. The thing is, you just have to be wiser and accumulate knowledge and strategies before pursuing a home that is affordable. Brandon Turner discusses in the video his three secrets to buying a home in this hot market in his introductory video:
1. You must be smarter
2. You must be faster
3. You must think differently]]> 2017-04-11 03:21:51 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165805284 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165805916

Take a look at Vancouver! Their bubble has already started to burst. As eluded to in the interview to the left, will Toronto follow the same mistakes as Vancouver? Will you? We are slightly behind the changes, which allows us the fortune of foresight to better situate ourselves for the near future.]]> 2017-04-11 03:29:38 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165805916 cameron_duetsch https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165806139 http://www.pwc.com/ca/en/industries/emerging-trends-in-real-estate.html

We have discussed a bit of the past, and of current situations. Now take a look at the rising housing trends in Canada to better prepare yourself for the future! This article discusses just that, and points in the direction of where you should begin your investments, even if it is temporary, in order to suit your accommodation needs. These trends are included in the rising use of condos and other community-style living spaces over detached homes, the use of technology in the changing game of investing and selling homes, and how the changing demographics play a key role in the demand of certain home types in different locations.]]> 2017-04-11 03:32:42 UTC https://padlet.com/cameron_duetsch/q8ie0r5sx7az/wish/165806139