Who's paying 500k to live in a box in barrie LoL

@propertytwins

Ай бұрын

If it has low condo fees it sells ok

@archie_bunker

Ай бұрын

but yet the realtors are ok with it because this has been one big ponzi scheme for them.. money money money. lol wish people would wake up and do there own selling

@shawnkelly695

Ай бұрын

​@@propertytwinslol low today to sucker you in. Then raise those fees and you become trapped. Only lebrl suckers buy into this insanity.

@JohnAnderson-sq8lt

27 күн бұрын

Lots of stupid people, but the big drop is upon us, all the speculators are being driven out of the market!!

@propertytwins

27 күн бұрын

@@JohnAnderson-sq8lt Look at the tax implications.

20 years ago, I moved from Toronto to Bradford. Townhomes cost $70, 000, My first home was a brand new semi- detached that cost $126,000 in Bradford. The wages in my trade has not gone up to match the cost of homes today. I feel a big storm is coming our way!

@propertytwins

Ай бұрын

They really went up big time during Covid. And look how many immigrants are coming in. There buying. I don’t see a storm. I see more demand coming once rates drop.

@rjkrjk8344

Ай бұрын

Guess what the immigrants coming in are more broke than the locals. They're coming to Canada looking for money. 😮

@glengarbera7367

Ай бұрын

Most guys I know in trade unions are at home waiting for a call from union.

@glengarbera7367

Ай бұрын

​@propertytwins I guess they will have money once the cars they stole and sent back to the old country sell.

@dollarinhand3443

28 күн бұрын

Go back 50 years and an actual average house in Toronto was only $30,000 that over doubled by 1979 to over $70,000 but townhouse or semi detached were so cheap under half. Most of this increase can be tracked back to greed and governments do not want it to go down because they have Tax Greed.

Sitting empty because overpriced. Everyone was waiting for the spring market 'miracle'

@propertytwins

Ай бұрын

Some are over priced

@halrichard1969

Ай бұрын

@@propertytwins I will bet "MOST" are overpriced.

@propertytwins

Ай бұрын

@@halrichard1969 A LOT WITH HIGH FEE'S AND YES THERE ARE SOME OVERPRICED.

@hokeywolf3416

Ай бұрын

More like a second or 3rd home and they are done living there for some reason.

@pepperfish_

Ай бұрын

What's there to do in Barrie? With gas prices being what they are not many are commuting, and condos are geared toward young professionals likely commuting. If you can save some money on housing then you can spend more on fuel, but in this case the market is literally shooting itself in the foot.

Job insecurity, high interest rates and NO confidence in the government is all you need to cause this mess.

@propertytwins

Ай бұрын

No confidence what so ever

@shoshi06

Ай бұрын

NO, not the government..Canadians need to stand up to everything that's going on. This crap what's happening would've been over long ago, but Canadians just accept!

@wretchlikeme5321

Ай бұрын

Died Suddenly!

@propertytwins

Ай бұрын

@@shoshi06 we sure do except it.

@PWingert1966

27 күн бұрын

now what if: The housing shortage doesn't in fact exist and was all created by politicians to ensure developers get as much money as possible for housing that isn't really needed. Consider that 15% of all immigrants leave Canada with-in ten years of arriving in Canada. That leaves a lot of vacant units sitting around.

in 1971 purchased first 3 bed home with very Nice yard !! $15,500. Now trucks cost $70,000. and condos in Barrie with 1 bed cost 1/2 million dollars. Young people are screwed today. So very sad.

@propertytwins

25 күн бұрын

They are John. It’s very sad to see. They will struggle a long the way.

This is proving my theory over again. There is no housing shortage. The supply is taken up by speculators and when the tide goes out as Warren Buffet says, we will see who is naked. This will continue and supply will come to market without one house or condo being built.

@propertytwins

Ай бұрын

You just never know. I also think condos are being impacted in the higher interest rate environment.

@sugadre123

Ай бұрын

Absolutely no housing shortage. Just bad governments and greedy speculators. How can you financialize as basic human need. Goes to show how evil humans are

@mr.d4295

Ай бұрын

You are absolutely correct. The bubble is due to MASSIVE amounts of speculation, fomo and low rates

@propertytwins

Ай бұрын

@@mr.d4295 it was a few years ago. Not now.

@user-vi8ci2bi6b

Ай бұрын

I agree. There is no housing shortage. There's a shortage of affordable housing.

Empty homes, I love it. What happened to the supply crisis

@propertytwins

Ай бұрын

When we see rates come down. The story will change. A lot of condo buildings are high in common fees And where rates are now. It’s an affordability issue.

@jaymar1615

Ай бұрын

We have an immigration crisis and a mortgage fraud crisis not a supply crisis...that's the truth

@nospm1244

Ай бұрын

@@propertytwins the story will not change.

@dirtyburger7528

Ай бұрын

You should buy one and rent it out

@rjkrjk8344

Ай бұрын

It was always a lie. 5% is really nothing and they won't be coming down and it won't make a difference 😮

How is close to half a million for a condo even considered affordable to an average working family? And average rents over $2000 a month...that takes up most of a person's cheque. What ever happened to $500 a month for a 1 bedroom apartment and if you made extra money, you could upgrade to a nicer 1 bedroom. My income has not really changed since those days so why has real estate?

@propertytwins

Ай бұрын

It’s about supply. Example in 2024 they plan 220000 housing starts this year. But the forecast is for 2030 we need over 3 million properties to meet demand. This is the reason why real estate is becoming unaffordable

@DRyan-rj3mi

Ай бұрын

But yet all these condos are empty so supply is not the cause, over priced and being over taxed by the government.

@phil1723

Ай бұрын

as a former property manager, I can tell you small landlords I have dealt with don't make much renting. Property tax, insurance, utilities, maintenance keeps going up every year. They're hoping the property appreciates in value over 10 years and sell

@minkorrh

26 күн бұрын

@@propertytwins That why the immigration tap needs to be shut off. It's rather simple. Every person crossing that border dilutes the services we as taxpayers get, and housing becomes 'one more place scarcer'.

@propertytwins

26 күн бұрын

@@minkorrh The problem is there was no planning in the governments part. And we’re not surprised with that.

People would rather leave empty due to LTB board issues.

@propertytwins

Ай бұрын

100 PERCENT CORRECT

@stephenmorris8557

19 күн бұрын

EXACTLY !

@JohnAnderson-sq8lt

17 күн бұрын

How long can they stay empty and pay the bills?

@JohnAnderson-sq8lt

13 күн бұрын

Most need the income to pay mortgage and expenses, they are dumping them on the market now!

Being a landlord in Ontario with all the bs isnt worth it unless youre making atleast 10% a year appreciation. Too much risk and bs, taxes etc...

@propertytwins

Ай бұрын

Way too much risk right now.

@user-wt5bf4rw7e

28 күн бұрын

I have no issues with my units, because I take care of my tenants and they take pride in their homes. We work together instead of being enemies. Being a "landlord" is the easiest money.

@DiFinni

21 күн бұрын

Yep, glad a sold both my rentals about a year and a half ago.

@dirtyburger7528

21 күн бұрын

@user-wt5bf4rw7e wait until you need to get them out or raise rents to accomodate the new interest rates... They become less friendly LOL

@dirtyburger7528

21 күн бұрын

@@DiFinni Me too

Condos haven’t cash flowed in years. People banking on appreciation when they realize shits not going up double digit percentages a year anymore they’ll be out

@propertytwins

Ай бұрын

Market is flat to last year’s numbers.

@Todd.T

Ай бұрын

Some people didn't care if they cash flowed or not, they just want to get money out of their originating country and are using real estate as a piggy bank. Buy cash, rent out under the table or let it sit vacant. Gets even better if you are old and retired and just became a citizen. You buy real estate to hold your money and go "back home" . Show up every once in a while and collect OAS and GIS because you don't have (need) a job and hop into the Mercedes and go to McDonalds for a free senior's coffee. I've worked in Richmond Hill and Markham exclusively for 18 years (for my day job which requires me to go in houses that alllows me to see more of what is going on) and I have been involved in real estate mortgages, JVs, construction and private equity as my investments. I'm not guessing with what I say. I have met the same folks at multiple addresses who talk freely about what they are doing. I have been to multiple addresses where someone is meeting me there because "the owner is not in the country." IMHO the problem is people using real estate as a piggy bank and/or trying to profit off a capital gain. These are more common investors that don't know much and they are using dwellings meant to be purchased by a family or individuals, as rentals. I have entered a JV for rentals, but they were purpose built rentals. I personally don't upset the markets with what I do. Now you've got homes that people can't afford to buy and homes people can't afford to sell, and homes people can't afford to keep.

People drop prices once low offers are made. Some reject. Others negotiate.

@propertytwins

Ай бұрын

TRUE.

It's too bad that the real estate market is so skewed. We have empty inventory because people can't afford the properties that are available and investors can't make money in real estate right now with the high interest rates. Until the average person is doing better financially, there will be lots of empty units. It will take quite a price drop before the price of the units is in line with the salaries of most people.

@propertytwins

Ай бұрын

The condo market is really feeling it. So many buildings have high common fees. I think this high vacancy is related to investors. They are getting out due to LTB issues. Feds just raised capital gains tax. The risk is to great.

@lordalmightyjr

Ай бұрын

Bottoms gonna fall out on these condos

@propertytwins

Ай бұрын

@@lordalmightyjr BUILDINGS WITH HIGH FEE'S ARE STRUGGLING.

High intrest rates screws ALL, BIG and SMALL. I am paying $1000 a month on top of the rent to keep the heaping, steaming pile of shit condo afloat. 😢😭😭 Our state of affairs: 1- HIGH interest rates 2 - HIGH layoffs 3 - HIGH inflation 4 - HIGH Immigration Saving the best for last.... Drum roll..... 5 - HIGH TAXES Work hard save money, invest for retirement, then the government comes and takes it all. God Bless

@propertytwins

Ай бұрын

I KNOW ITS SUCH A SHAME. THEY TAKE IT ALL. USED TO DO 50 TO 60 DEALS A YEAR. NOW GIVE ME 12 A YEAR. THEY TAKE IT ALL.

@adammarshall4576

Ай бұрын

The interest rates aren’t high! Historically they have ranged from 5-9%!! They were artificially low and caused the fake appreciation of assets. If $$ is free then it has no value!! So you use that useless paper to buy things if tangible value (land, house) as long as you can service that debt you will be better off in the long run! Even in a crash as that $$ becomes more valuable because you can buy more things with less of it !! This is the real cycle of $$. Unfortunately Governments have stepped in and disrupted this process. Learn the system don’t complain about not being smart enough to learn it.

@G11713

26 күн бұрын

High immigration is actually very helpful in the long term but also stimulates local economy in the short term as well. High inflation is technically also good since it makes our exports cheaper to foreigners and stimulates local investments into developing goods and services. However, our income also need to rise, which is harder to achieve in a market driven economy.

@propertytwins

26 күн бұрын

I AGREE WITH YOU. SO SAD WE JUST WORK HARD AND GIVE IT AWAY TO GOV AND IT'S WASTED.

@propertytwins

26 күн бұрын

@@G11713 INCOMES SURE ARE NIT RISING

It's okay that supply for renters is going down - people who deserve to buy properties will buy and so they will no longer take units available to renters. When these fools start getting rid of the temporary workers and students who should not be here, rents will go down.

@propertytwins

Ай бұрын

Lots of demand right now.

I don't know why this video came up for me in New Zealand - but it was fascinating at least

@propertytwins

Ай бұрын

I’m shocked as well.

The Ontario Landlord and Tenant Board (LTB) hearing currently have a 7+ months wait time. As a result, if you have a failed tenant then be prepared to absorb at least 7+ months worth of unpaid rent plus three months for forced evictions. Depending on the rent that could be $11,000 of unsecured loan to someone with bad credit in addition to the amenities upkeep you are obligated to provide (heating, electricity, water) and the loss of interest on such equity. The Doug Ford government has really damaged the LTB to the deteriment of small landlords and tenants. The only beneficiaries are crooks and corporate investors who can organize correct insurance and batch scale their operations, gobbling up failing properties in the wake.

@propertytwins

26 күн бұрын

It’s broken and no plans to fix it. We need to look at BC and the East coast rules.

This is interesting, im wondering how bad it is here in kitchener as well. We see prices similar to Barrie yet the city is garbage when compared to barrie. I've been looking to buy for the past 4 years, but have been priced out of the market. Im sitting on a healthy stack of cash right now, wondering if i should wait a little while longer before i buy.

@propertytwins

27 күн бұрын

I expect rates to drop in June. But it will be only 25 basis points. As we see more drops. I expect the market to pick up. Because it opens up affordability to qualify. The vacant units are a result of people moving into retirement homes and I believe most are vacant from investors selling. Any questions here is my cell 705-309-5300

@Gypseygirls

23 күн бұрын

Wait it out...... .. two ways it will go. # intrest rates at banks will drop. Or... # housing market will lower their price...

The Lakeside Terrace condos have 50 rental listings on MLS, woa, thats nuts! Speculation much? I doubt any of those are even cash-flowing. Mostly 1 bedroom or plus den units. I bet alot of those show up for sale soon. Watch what happens to price discovery when 50 identical 1 bedroom units come online.

@propertytwins

Ай бұрын

I noticed lots in that building as well. I showed in that building a few weeks ago. All units we viewed were vacant.

The housing crisis has been over 20 years in the making.

@propertytwins

Ай бұрын

It’s just getting started.

@showdown66

Ай бұрын

Trudeau accelerated it over the last 8 years. GTA kept him in power, reap what you sow.

How much do you expect the new capital gains tax to affect these types of income properties?

@propertytwins

Ай бұрын

I think there will be some investors get out of it. Especially if they’re close to that 250K. And I think it will prevent others from investing. The government is making things easier for the middle class.

On the data i have access to it shows in Barrie a drop of $350 from Jan to Mar on condo apartment rentals. $2450 to $2100. Looks to me like even with price drops tenants aren't going for it

@propertytwins

Ай бұрын

I’m seeing about 2 months of supply on the rental market. Need to keep in mind most people don’t move until April. Looking at the rents they are still very high.

@Jo-mf2vu

Ай бұрын

@@propertytwins Absolutely they are, especially compared to only a few years ago and compared to incomes. But I'm seeing a ceiling in rental prices, throughout the GTA rents have stagnated year over year. This is at the same time people cant afford mortgages and forced to rent. You would think that would have driven prices even higher. People have tapped out with the high cost of everything else, cant afford higher rents.

@propertytwins

Ай бұрын

@@Jo-mf2vu GREAT COMMENTS. I THINK THE RENTERS REALLY HAVE NO CHOICE. I REALLY DON'T FOLLOW THE RENTAL MARKET VERY MUCH. I WAS VERY SURPRISED AT HOW THE RENT ARE TODAY. I'M ALSO SEEING A LOT OF PEOPLE GET OUT OF THE BUSINESS. DUE TO THE LTB. 50TO 75 RENTAL PROPERTIES COME OFF THE MARKET EVERY MONTH IN GTA. AND NOW I'M SEEING LOTS FOR SALE IN BARRIE. 28% OF THE LISTED PROPERTIES IN BARRIE ARE VACANT. SAFE TO SAY AT LEAST 20 PERCENT WERE RENTALS.

@propertytwins

Ай бұрын

I THINK THAT COULD BE ACCURATE

In Florida condos are taking a big hit because of insurance. How are the insurance rates for condos in Barrie?

@propertytwins

Ай бұрын

Insurance rates are cheap. We don’t have weather like you folks. And the condo corp has insurance on the building. It’s worked into our common fees. I live in a condo. I have content insurance as well as liability

60% of downtown Toronto condos are empty as well. Owners are in Shanghai.

@propertytwins

Ай бұрын

I noticed a lot of ownership owned by foreign investors. I can tell by the names. I think the vacancy is caused by LTB. People are getting out

@gh4534

Ай бұрын

Can you provide your source?

@gh4534

Ай бұрын

Just because a name is not Canadian sounding does not mean they aren’t Canadian. That is an irresponsible supposition.

@propertytwins

Ай бұрын

@@gh4534 Not following??

@propertytwins

Ай бұрын

@@gh4534 The Toronto Real Estate Board.

Suggestion. In your intros, it would be good to have a sentence on where you are talking about. I finally figured out from one of the property listings that came up on the screen that you were talking about Barrie, Ont.

@propertytwins

25 күн бұрын

Your right. Thanks for the feedback.

Question ? How are condos selling in Victoria

@propertytwins

Ай бұрын

I have no idea. Maybe someone will see your question from that area.

@archie_bunker

Ай бұрын

5 people live in one unit

@citizenm9590

Ай бұрын

​@@archie_bunkerstaple dish they eat is curry let me guess

@archie_bunker

Ай бұрын

@@citizenm9590 exactly lol

Where did you get the 48% number I spoke to a realtor who says that she doesn't know where that number comes from?

@propertytwins

22 күн бұрын

We counted the vacant listings. And divided it by the total active.

greedy realtors started it all

@propertytwins

Ай бұрын

We didn’t start anything. The market did this.

@richardrogers7479

Ай бұрын

@@propertytwins Sure you did with these multiple offer situations. holding offers until a predetermined date, what happened to present the offer as soon as it is received? Even realtors speculating on properties, realtors are a big part of the problem!! My wife is a retired realtor and told me about all the garbage that went on and the many scum bags in the business.

@propertytwins

Ай бұрын

@@richardrogers7479 Richard there are many scum bags in this business. I’m not one of them. The market is what is causing all the crazy bidding wars etc. The market lacks supply in certain ranges today and demand is there for it.

@timothywolbert7552

20 күн бұрын

Flippers

@timothywolbert7552

20 күн бұрын

It's musical chairs and these investors didn't get the chairs

So many Developers are going bankrupt too. Half built condos in a stand still mode. Why?

@propertytwins

Ай бұрын

Look how much building costs have risen. I know some developers have put projects on hold.

@lokin4truth

28 күн бұрын

Because Trudeau admires China's basic dictatorship!

S&D hasn't been the issue of prices running up at insane levels. We are in a MASSIVE bubble driven by fomo low rates and MASSIVE amounts of speculation..

@propertytwins

Ай бұрын

We are in a totally different market now. It was that way a few years ago

How long can you hold out

@propertytwins

Ай бұрын

Some folks think it’s best. I don’t.

@peej91

Ай бұрын

@@propertytwins yep sooner or later the exit of these type of investments as the market gets more and more exposed. Policy is already changing and the attack on investors is already happening. The next ones to go are the politicians investment properties. Slow exit but a definite one

@PWingert1966

Ай бұрын

More like how long can you hold your breath!

@propertytwins

Ай бұрын

@@PWingert1966 TRUE

Exactly who owns these properties? Is it foreigners?

@propertytwins

Ай бұрын

A lot would be.

You talk without reference to where these properties are located? Canada? america?

@propertytwins

Ай бұрын

Canada.

Doesn't the capital gains increase only affect people with income over 250,000 ?

@propertytwins

Ай бұрын

It’s the gain over $250K. And if your a holding real estate the last 6 to 8 years. The gains are they’re. And of course our Liberal government wants more from the middle class who continue to fund the system.

I will watch your video. I do not believe there is a housing shortage, but this is a market speculation thing.

@propertytwins

Ай бұрын

BASED ON THE NUMBERS IT IS. WE DON'T SEE IT RIGHT NOW. BUT WHEN DEMAND PICKS UP AS RATES DROP. THAT IS WHEN PEOPLW WILL UNDERSTAND IT.

900 a month? Fees? Ha ha ha

@propertytwins

Ай бұрын

Some are

@markhoffman

Ай бұрын

Does someone come in everyday and tidy up like a hotel?

@archie_bunker

Ай бұрын

but yet not one realtor will say the fees are to high. instead they encourage it lol.. cant make this stuff up lol

Onterrible made me move outwest. As a former Barrie resident cost of living way too much.

@propertytwins

Ай бұрын

Good move for you. I went to Banff in November. I didn’t want to come home ever. It’s on my radar to move out there in a few years.

The Carrying cost and the price of the properties are so high, and not easy to get a quality tenant will cause this problem to get much worse.

@propertytwins

22 күн бұрын

It sure will !!!

As a senior I need higher interest rates so that I can earn some half decent interest. I think the stock market and current real estate market are over priced and are too risky. I need interest rates to go up another 1-2% and then I will be happy. Thx

@propertytwins

21 күн бұрын

No countries are raising rates at this time.

@hawkmoon206

21 күн бұрын

@@propertytwins Oh well that's too bad for me. Again the the BOC is picking the winners (those with a lot of debt) and the loser (those with some money who want to invest in safe securities). I say let the free market work it's magic... too much debt is not good for anybody.

@propertytwins

20 күн бұрын

@@hawkmoon206 it has to be that’s way.

What state or province is Barrie?

@propertytwins

23 күн бұрын

Ontario.

That’s great - can’t wait until 60% are vacant, then the real fun will begin as owners sell and bail out.

@propertytwins

23 күн бұрын

I hope we never see that.

@Thomas63r2

22 күн бұрын

@@propertytwins doesn't seem far off given current trends. I don't buy the idea that interest rates are too high - they are actually closer to historic norms than not. The near zero interest rates went on for far too long and allowed for wild pricing inflation. Its time to bring prices back to having more of a relationship to buyers incomes - that's the problem as I see it.

@propertytwins

22 күн бұрын

@@Thomas63r2 I GET IT AND AGREE THE RATES ARE HISTORIC TO THE NORMS. THE BIG ISSUE IS PROPERTIES HAVE SKY ROCKETED IN VALUE. MAKING IT HARD TO GET APPROVED AND OF COUSE OUR STRESS TEST.

@Thomas63r2

22 күн бұрын

@@propertytwins I know, prices need to come down - but that usually happens much slower than prices going up. My guess is that if prices are still holding with nearly half vacant - then downward movement must need a higher vacancy rate.

Last I checked Barrie had the Highest unemployment rate in Ontario

@propertytwins

Ай бұрын

Not a lot of high paying jobs. Big commuter town.

Taxes, fees, over priced ?

@propertytwins

Ай бұрын

TAXES ARE OUT OF CONTROL.

@archie_bunker

Ай бұрын

never needed a realtor and never will.

Same as Toronto. Surprise, surprise....no one wants to live in an undersized box for too much money while being told what to do 24/7.

@propertytwins

26 күн бұрын

It’s the condo fees. A lot of these buildings are old and require investment.

Condos are not for living in. They're built for speculating and Air BNBs. It's like an old joke - a man sells a crate of oranges to another, who in turn sells it to another and so on for a couple of months. One day the last buyer complained to the original vendor that the oranges were bad and made him ill. The original seller said "You idiot! Those oranges weren't for eating, they are for trading."

@propertytwins

27 күн бұрын

Oh they are sure for living in. Air BNB are safer to rent out. LTB is a mess.

Misleading (click-bait) headline. I thought that almost half of all condos in Barrie were vacant but it is actually half of the condos for sale that are vacant. It is easier to sell a vacant unit than a tenant-occupied one so it should not be surprising that half of the condos for sale are vacant.

@propertytwins

Ай бұрын

I WOULD ASSUME BEING A REAL ESTATE CHANNEL PEOPLE WOULD KNOW.

Wait until Canada loses it's AAA credit rating. Until then gold and silver just get out of the Canadian dollar and Canadian stocks. Not financial advise.

@propertytwins

Ай бұрын

Look at the new budget spending.

This proves the adage, if you have a pulse, you can be a real estate agent.

@propertytwins

Ай бұрын

Maybe you should try it out.

@frankf8623

Ай бұрын

@@propertytwins bill is a bit of a rude f*cker

I wanted to rent condo in either mississauga or burlington. Both were owned by chinese not in canada. They were living in china. A chinese broker represented them to close the deal.

@propertytwins

Ай бұрын

THAT IS VERY VERY COMMON.

@singh001ify

Ай бұрын

@@propertytwins true!

Fuel costs and some of the worst commuting traffic anywhere, your basically stuck landing somewhere in the north west end of Toronto and having to negotiated your way through the city to get to the downtown core and surrounding commercial manufacturing zones along with 100's of thousands other drivers. If you have a high paying job in Barrie then your doing much better then the ones commuting. Not much has changed in decades for travel from the north to the city. I got out of the rat race 10 years ago and retired to a small eastern ON. town and couldn't be happier.

@propertytwins

Ай бұрын

Good for you. Well said

living on Vancouver Island, oceanside properties still selling!!!

@propertytwins

Ай бұрын

I bet for big money as well.

as a senior living here in Hanover Ont my next place is my car rent is Nut's

@propertytwins

Ай бұрын

Rent is insane. And it keeps going up.

Which state and country are you talking about? You assume we know!

@propertytwins

22 күн бұрын

Barrie Ontario Canada

Greed is the cause!

@propertytwins

28 күн бұрын

It’s not all greed.

3broom condo is a million in Toronto. 😅

@propertytwins

25 күн бұрын

I see some in Barrie selling way over a million.

i volunteer at the Hope Center for homeless and addiction it's everyday event of psychosis and drug addiction and we asked for protection and more police presence ! it takes over an hour for a cop to come if we call for emerg we are the only shelter for counselling and free food ! most addicts are wanting therapy shelter and food

@propertytwins

Ай бұрын

And look how big the Barrie police budget is. Massive

How can you afford to rent a condo if you're in construction when you're sitting at home waiting for a call from your union.

@propertytwins

Ай бұрын

A one bedroom would cost close to 2K

Why don't they just lower rent? Surely better than sitting empty. And if they're worried about capital gains tax increase, it means it already appreciated more than 250k, just sell and take the cash.

@propertytwins

Ай бұрын

Avg date on market 25 to 30 days. Condos with high fees a lot longer. And really hard to sell. I’m in your camp about price. It has to be priced correctly.

@user-fv6ke8vv2z

Ай бұрын

Buy a bank stock - 5% to over 6% yield - no maintenance payments - dividend tax credit - sleep well at night… / I do own a condo - I still live there (Richmond Hill) - 32 yrs…

@JohnAnderson-sq8lt

25 күн бұрын

Much easier to sell than having a dead beat tenant in the unit

@propertytwins

25 күн бұрын

A lot of these vacant properties were rental units for people. And now they are selling. A I feel the big reason is LTB is a mess.

My old folks home is either Mexico Thailand Philippines or Vietnam🎉🎉🎉🎉🎉

@propertytwins

22 күн бұрын

Cheap living

Ship the property’s to Australia we have a shortage of property I will bring my barge over 😁👍😉🏠🏠🏠

@propertytwins

24 күн бұрын

lol. I know some Sellers would be happy to

Price discovery incoming

@propertytwins

Ай бұрын

In some ranges possibly

You're complaining about 1.73 cost of gas in Barrie? How about $2.19 in Langley, BC

@propertytwins

27 күн бұрын

I SAW THAT HIGH GAS PRICE ON TIK TOK VIDEO. I GUESS I SHOULD'NT COMPLAIN.

Condo fees are a mortgages parasitic twin. With cheap build quality today they constantly add surprise repair bills that aren’t covered by the basic fees.

@propertytwins

Ай бұрын

NEWER BUILDINGS ARE ALWAYS LOW AT FIRST. AS THE BUILDING AGES, THEY MOVE UP.

@SquarishLink

28 күн бұрын

@@propertytwins yeah i see this often, its why i consider condos as a money pit, better to rent or live below your means. Fuck condos, seriously. Worst part is some condos are managed outside of the influence of the owners, meaning they can hire and contract whoever the fuck they want. So they can just hire their sister companies and charge you 10X the rate.

You gotta really watch out gor condo fees, as if having an insane mortgage isn't enough !

@propertytwins

27 күн бұрын

Condos are not selling.

Well WATH GO UP MOST GO DAN ! Rent very hi price so condo

@propertytwins

26 күн бұрын

Some are priced high

Barrie rental prices are stupid. I can rent in Toronto for the same prices😮

@propertytwins

Ай бұрын

I KNOW THERE ARE CRAZY HIGH

@sugadre123

Ай бұрын

It shows how dumb and desperate everything has become. All the smaller cities out in the boonies are still trying to ask for the same rent and house prices as Toronto. This is the final stage before things get really messy.

@propertytwins

Ай бұрын

@@sugadre123 SOME SELLERS THINK IT' STILL A HOT MARKET. I ALSOO QUESTIONS THE EXPERIENCE OF THE AGENT AS WELL.

@sugadre123

Ай бұрын

@@propertytwins I dont think this is about experience about agents. Its just pure unrestricted greed at this point. The regulators arent regulating so anything goes.

@propertytwins

Ай бұрын

@@sugadre123 we wish we had Toronto home prices in Barrie

The rate is not going down the price will drop again

@propertytwins

23 күн бұрын

Rates will drop June or July.

I thought listings had to state if the pictures were virtually staged. If not, just more of the RE racket in Canada.

@propertytwins

Ай бұрын

I see it in the comments at times.

They want more and more

Paying condo fees in the trailer park that is Canda does not make sense

@propertytwins

Ай бұрын

THEY ARE ACTUALLY HIGH IN PARKS

Lots of buyers from Gyna

@propertytwins

26 күн бұрын

Market is a little slow at the moment. We all know that will change once we start seeing rates drop.

If you are going to buy, don't buy a condo, they are well overpriced and the fees and taxes are crazy, let these speculators sit with them and go broke

@propertytwins

24 күн бұрын

Can’t say that just yet.

@JohnAnderson-sq8lt

18 күн бұрын

@@propertytwins sure you can, I have 3 bedroom bungalow that is only worth about $100 thousand more than a 3 bedroom condo? Condo prices are way out of wack, let all those speculators sit with them empty and pay the expenses and go broke, I am loving it!

Condo fee's are ridiculous and the property management soak the hell out of the owners . This is why I would never buy one. All condo's should be run and managed by the owners as well as voted in by the owners yearly and money put in a trust fund . People who do not pay there share is also a concern and how to deal with them.

@propertytwins

Ай бұрын

It’s really important that the management company runs an efficient operation. It’s a fair system it has a lot to do with the age of the building. As it ages it requires investments.

Wow when the market loobies the Government to limit new houses this is what you get .

@propertytwins

Ай бұрын

KEEP IN MIND, AS I MENTION IN THE VIDEO. A LOT ARE INVESTOR PROPERTIES. MUCH EASIER TO SELL WHEN VACANT. SOME OLDER DEMOGRAPHIC MOVING INTO RETIREMENT HOMES OR ASSISTED LIVING.

guessing from the accents this is somewhere in Canada. Silly that they don't ID the area, not obvious

@propertytwins

27 күн бұрын

It is Canada

Should build them in a place that needs them

@propertytwins

Ай бұрын

Barrie is anticipating a population of over 300,000 by 2051. Lots of condo developments on the go.

@propertytwins

Ай бұрын

YES. TAKES YEARS TO GET A SHOVEL IN THE GROUND AND THE DEVELOPMENT FEES ARE OUT OF CONTROL

Like the morons who bought the Station Mall in Sault Ste. Marie, Ontario - the parking lot is huge so the new buyers want to build 4 condo buildings. We need low-income housing. The Station Mall has lost a lot of their tenants due to crime (shoplifting) or people being robbed, beaten, stabbed, or even killed within the area by homeless that are either just homeless but most being addicts as well. And Sault Ste. Marie doesn't need any more condos.

@propertytwins

29 күн бұрын

That’s a common thing in most cities in Ontario today.

@SquarishLink

28 күн бұрын

@@propertytwins what stabbings, homeless and meth or over priced globo homo boxes with communist condo fees.

Safety deposit boxes in the sky. Some own hundreds of properties and most can't even afford one. I'm a born to lose renter for life.

@propertytwins

Ай бұрын

John, I hope you’re not. I know it’s fucking hard out there. But times can change

@johndefalque5061

Ай бұрын

@@propertytwins Not if you're autistic.

Doesn’t help when you only have one investment property inhabited by a deadbeat who won’t pay rent for 10 months and your still waiting on the LTB overlord to decide they can be evicted. Never again, I’ll be selling as well and this is downtown Toronto on the lake 😊

@propertytwins

Ай бұрын

Unbelievable. Feel bad for you. So many people like you have reached out to me. Sad that this is actually happening and nothing is being done.

@propertytwins

Ай бұрын

There just scum.

Gotta wonder with that many empty. How many of them skated around the empty homes tax listing there children as the occupant.

@propertytwins

Ай бұрын

I know in Barrie they don’t have a tax for vacant homes.

@user-vi8ci2bi6b

Ай бұрын

Oh ok. Thought just about everywhere had that tax

@propertytwins

Ай бұрын

@@user-vi8ci2bi6b NO

"lets wait until things start picking up" hahahahha lets wait until investors start unloading, dumb buyers start panicking and selling and people start loosing properties because they can no longer pay mortgage. Great advice to wait

@propertytwins

Ай бұрын

Market right now is stable is certain ranges. Rates are the biggest impact right now.

No one can afford the rent, 😢

@propertytwins

Ай бұрын

RENT IS OUT OF CONTROL AND RISING 2% A MONTH.

1 bedroom condo fees $385. 3 bedrooms probably $485. Thats why they're leaving.

@propertytwins

Ай бұрын

A lot higher then that on older buildings.

@JohnAnderson-sq8lt

Ай бұрын

If you can find a nice condo for those low fees, buy it

Investors cant afford to rent..cant sell..renters cant afford to rent..buyers cant afford to buy..gee does that suggest CRASH???

@propertytwins

26 күн бұрын

People are doing it.

No one needs to own more than one place to live.

@propertytwins

Ай бұрын

Why is that??

@MarieDuplessisYT

Ай бұрын

Sure so if no one can afford to buy them and an investor doesn’t, where do you think you can find a rental? No one’s creating more rental housing other than individual investors

@propertytwins

Ай бұрын

@@MarieDuplessisYT RENTAL SUPPLY IS GETTING TIGHTER DUE TO THE FACT THAT PEOPLE ARE OCCUPYING THE PROPERTIES. IN GTA THEY ARE LOSING BETWEEN 50 AND 75 RENTAL PROPERTIES A MONTH.

Condos are not the answer! Owning a condo is a time bomb!

@propertytwins

Ай бұрын

Need to own in the right building.

@johnlandry1393

Ай бұрын

@@propertytwins no such building exists!

@propertytwins

Ай бұрын

@@johnlandry1393 THEY ARE OUT THERE.

@johnlandry1393

Ай бұрын

@@propertytwins give me one just one condo worth investing in! You have a mortgage plus condo fees and usually some utility! Then they come and ask for money to fix something they never slotted for! Bin there done that no thx!

@propertytwins

Ай бұрын

@@johnlandry1393 LOK AT LAK HOUSE IN BARRIE.

Those must be the $300 a month senor living their advertering all over America

@propertytwins

14 күн бұрын

Not in Canada

Price sells.

@propertytwins

27 күн бұрын

Yes you’re right.

$400K-$500K for a Condo?.. plus $500 a month Fees

@propertytwins

Ай бұрын

Yes, and that would be a newer buidling

@HiddenInPlainSight386

Ай бұрын

@@propertytwins I've been paying a Mort for 10 years on 190.. down to 80K with prob 75k in interest alone. Rates went from under 3.84% to 6% last year on resigning my next term. Thank you BOC and Liberal Gov of Canada! 8 years to go, in a 20 year building. Edmonton. Who can afford 1/2 Million Mort? ..

@propertytwins

Ай бұрын

@@HiddenInPlainSight386 I KNOW, FEEL BAS FOR PEOPLE TODAY. A LOT OF FOLKS ARE STRUGGLING. GOVERNMENT COULD CARELESS

@HiddenInPlainSight386

Ай бұрын

@@propertytwins deliberate sabotage, "Own Nothing" Be happy, "Rent Everything" UBI/CBDC/Social Credit System AKA "BEAST" - "Sustainable Development" goals 2030-2050 Slave Class Hive

And the tent cities grow larger !!!

@propertytwins

Ай бұрын

Yeah Scott that’s the sad part.

@2002S40

Ай бұрын

That is due to that delusional and inept Trudope' policies.

@propertytwins

Ай бұрын

Yes tent cities are growing

Reminds me of ghost towns in China.

@propertytwins

Ай бұрын

HARD MARKET IN HIGH PRICRS RANGES

We are about to go threw The Great Reset aka War Housing is low priority........😍

@propertytwins

Ай бұрын

It’s out of reach for so many

LOTS OF SELLERS ARE IN REAL STATE HONEYMOON LOL.

@propertytwins

Ай бұрын

Some are

L.O.L.

Thanks to progressive ecologically minded Turdeau for carbon taxes; and high cost of living---when people are struggling to buy food they aren't going to be looking for real estate to buy, unless your from China or India with lots of money to burn.

@propertytwins

17 күн бұрын

It’s hard for the young generation. I had a first time Buyer a few weeks again. He makes 6 figure salary saved his but off over the years. And even rented a room. He basically lived like a starving student to save for the downpayment.

But they need to build homes,joke

@propertytwins

Ай бұрын

They sure do. So much red tape and big money in development fees.

Only a fool would buy these days. Way over priced high interest rates. Ect. Rent is way too high.

@propertytwins

Ай бұрын

Not overpriced

Im looking to rent a beach 🏖 front condo in thialand 😂or Philippines 🇵🇭,,,,,for $500.00 or $400.00 a month brand new,,,,😂😂😂,,,,,,,,2 bedroom or 3 bedroom and 2 bathroom overseas,,,,,,, here I come🎉🎉🎉 move abroad and thrive and live like a king or queen🎉😂😂😂😂😂

@propertytwins

22 күн бұрын

You will find it over there. Have fun!!!

The prices won't drop because of the number of mortgages banks are holding. The government is giving money to ngo's to buy up property and rent it back to us 😂 win for the banks, win for the politicians, we will own nothing and be happy 😂😂

@propertytwins

Ай бұрын

They can drop.

MORE POOR PEOPLE NO MONEY

@propertytwins

26 күн бұрын

Oh there is lots of them.