increasing over 60 percent compared with |
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steve i'll let you answer this one since |
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um i think as it's been over the last 12 |
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to 18 months they've been able to do |
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looks like 12 months out from now |
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next one comes to us from niraj niraj |
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kind of give two main examples i mean |
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the first is certainly |
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growth by 40 you know we were growing |
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over 350 000 people per year one of the |
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half a million well if you can't build |
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kind of just one example at the federal |
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and it's really one of the reasons why |
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know 100 grand less than what they would |
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have sold for two months ago uh so right |
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no one really kind of predicted that i |
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certainly didn't but no one predicted |
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five year market trades would be a four |
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over the next six to nine months we're |
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DATE
the next six to nine months
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30 decline but certainly when they're |
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when there were 15 and 20 offers on |
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not going to see a 30 percent decline i |
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mean if we did get that 30 decline we |
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have we have first time buyers sort of |
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um but 30 is just going to get us back |
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unfortunate news uh for first time |
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first-time buyers in this country uh |
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know 100 125 000 less than what they |
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would have paid you know six to eight |
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900 000 |
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that were listed at like 799 going for |
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complex and they're being listed at 7.99 |
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with no offer dates and two weeks later |
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going to sell for 780 785 so you know |
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know basically four percent i think |
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don't know if that's just five percent |
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PERCENT
just five percent
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rates that have moved from about two and |
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a half percent to four percent in like |
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PERCENT
a half percent to four percent
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|
six or seven weeks i mean that's a |
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45 days and i've got a mortgage rate at |
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3.2 percent i got to use it in 45 days |
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to be 4.2 percent |
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to four percent in the fixed uh mortgage |
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it's still about two obviously the |
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rates tomorrow maybe 50 basis like your |
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probably gonna get to two and a half |
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into locking in five-year fixed rates at |
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four percent |
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rates are going up you know four percent |
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turns into five percent turns into six |
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way too high i mean eight rate hikes |
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50 basis points but uh we shall see it's |
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rushing at four percent i mean i |
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wouldn't be rushing it at four percent i |
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at what you know 200 basis like two full |
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four century's above that so you're kind |
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four percent anytime soon anyways so |
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50 to 100 basis points over the next |
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um you know if it's something like eight |
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um okay let's move on this one comes to |
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above the asking price so make it a 50 |
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this eight you know the one buyer who |
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uh the one part one |
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|
and you know it's like okay five million |
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|
have 30 minutes to decide you got to |
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|
|
an extra 5 or 10 grand at something if |
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|
|
ontario over the last like three four |
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DATE
the last like three four
|
|
you know over the last 18 to 24 months |
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DATE
the last 18 to 24 months
|
|
getting to four and we're starting to |
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|
|
luck with that strategy in two or three |
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|
|
um and this one's for john because this |
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|
|
single home is getting 15 offers um but |
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|
|
what what should come first it's like a |
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|
normally would sell first but that is |
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|
|
not the norm like 95 of people in |
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|
|
toronto would buy first and then sell uh |
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|
|
four weeks because the market could be |
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|
already in four weeks so |
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|
one to steve because i know he's talked |
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|
it's like still one of the most |
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|
than they were like you know eight or |
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|
|
nine or ten years ago so |
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DATE
nine or ten years ago
|
|
i think i ultimately uh good four |
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|
double in three years |
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|
like a house goes from 500 to 485 like |
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|
this is the one that's coming up a lot |
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|
|
so i'm looking to buy a two-bedroom low |
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|
rise in langley and i'm calling it 800 |
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|
000 completion being in |
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|
2025. thanks in advance for all that you |
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|
project right like the first question |
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|
down 20 deposit i think that's way too |
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|
one raising the cmhc limit from a |
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|
|
million to 1.25 could have been a big |
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|
|
one um any sort of taxes on investors uh |
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|
|
bigger one you know not being able to |
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|
|
one that shared with a lot of people who |
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|
|
the government you know since what 2015. |
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|
|
since 2015 |
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|
|
how you know seven years so anyways i |
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|
|
run down vancouver home which is four |
4.0 |
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|
|
point something million dollars today |
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|
|
100 i mean and i think even if the |
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|
|
that i'm skeptical one person can fix |
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