Пікірлер

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  @rexificationable5 сағат бұрын

  500 sq ft of shoebox living

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  @professorchaos94 күн бұрын

  With the current crisis its hard to see a scenario of 5% per year for the next 5 years. Fair to say its a buyers market, and that can't raise the prices, specially considering the inventory sitting there. I have a condo for sale in Montreal, 475 sqft and only 2 visits in the last month with no offers, and the price is 278K, which seems like a fair deal to me when I study the area of current listings and those sold. A buyer could easily negotiate this price down.

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  @aman4u185 күн бұрын

  But how do we know, it will go up 5% per year i next 5 years? There been a scenario like Lost Decade in the past.

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  @Bondy-Sawyer_RealEstateTeam5 күн бұрын

  Good question @aman4u18 The answer is, we can't know for sure how much values will actually go up (or down). No one has a crystal ball! In the video I propose 2 scenarios (both of which are below the 40 year average): - one where values appreciate 3% per year - one where values appreciate 5% per year It's of course possible that neither of those numbers are accurate, and that values will appreciate at a lower (or higher) rate for the next few years. Feel free to take the numbers I used in the video and run a few other value-appreciation scenarios for yourself to see how those would play out. Thanks for watching!

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  @CristianEnacheRealtor17 күн бұрын

  Who needs lower mortgage rates? 1% Who needs lower home prices? 99% ⏰️ It's time to wake up⏰️ #GTAOntario

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  @matt995519 күн бұрын

  Didnt they get rid of the first time home buyers incentive rebate?

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  @Bondy-Sawyer_RealEstateTeam18 күн бұрын

  That's right @matt9955, as of March 31, 2024, the First-Time Home Buyer Incentive was discontinued.

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  @SusanHenderson-jf7oi20 күн бұрын

  What a great comparison - thank you so much !

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  @Bondy-Sawyer_RealEstateTeam20 күн бұрын

  Glad you liked it!

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  @vikingvancouver983221 күн бұрын

  Nice summary. What about 1.) out of pocket costs for repair/maintenance issues in the unit? Sink/toilet leak? 2.) shitty renter - misses a payment? 3.) special assessments from condo board for bigger repairs over time? It seems to me your P/L should include some estimates for those three items. For the renter, with so many tax free accounts (FHSA, TFSA, RRSP) and index funds like VOO (earn 7% on average doing nothing) savings options have never been better. Now that interest rates have normalized ‘investing’ in real estate looks an awful lot like a speculation (not an investment) - singularly hoping bubble prices go ever higher. Could happen. But if prices go sideways for 5 years the investor will lose a boatload of money. If prices actually go lower the investor will be bleeding cash. Eyes wide open…

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  @Bondy-Sawyer_RealEstateTeam18 күн бұрын

  Thanks for watching & commenting @vikingvancouver9832 These are all fair points! For point #2 (“shitty renter”) I would say that my comparison is focusing on renting a condo vs owning a condo as your PRIMARY RESIDENCE (as opposed to owning a condo as an investment property to be rented out). - You're right though, when looking at a condo as an investment to rent out, you definitely need to factor in vacancy rate (or unpaid rent from a bad tenant). - And yes, if the value does not appreciate at the rates I used in the video (or if they don't appreciate at all, or even go down in value!) then your financial position would be quite different.

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  @robocop5818 күн бұрын

  ​​​​@@Bondy-Sawyer_RealEstateTeam He also assumes 2008 or Dotcom crash will never happen again. Also never mentioned eviction as vacancy rate in major places like Vancouver is less than 1%. There's also leverage which I can't do for stocks unless I trade on margin which is extremely risky. I own seven properties, six of which are rentals. The income from those properties are now getting piled into my Dividend Portfolio while the equity in those properties is used to buy more properties so I have a double edge sword. Try using stocks as collateral to buy properties.

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  @leetcse23 күн бұрын

  Totally misleading analysis. There is 90,000 CAD differential which renter was saving why you are not adding that to an investment. The simplest thing you can do is put that in an ETF. 10% growth on a minimum. Second part buying a home means you have to stay at one place meaning job losses is a problems for you now. Second if somewhere there is better opportunity you can not go. Consideration - You have super stable job owning seems to good idea - You will not get more money if you move owning seems to be a good idea. - Kids Then definitely you don't want shitty shoeboxes . Its better to rent and move where you can raise your children. - Real estate is very illiquid - You are not diversified. All you money is put in one city. What is it goes the Texas way. Investment is all about risk. - Renting your house is not passive income Dividend from stock is. - You have 10 millions dollars and like to waste money owning house makes sense.

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  @Bondy-Sawyer_RealEstateTeam23 күн бұрын

  Thanks for taking the time to comment @leetcse In the video I do acknowledge the question, "What if I were to just rent instead, and take all of that extra money that I would've otherwise spent on owning and invest that elsewhere?" And I go on to say that, for some people, that actually might be the better path forward! I do plan on doing another video that compares buying VS renting & investing in the S & P 500. - Ultimately, this video is not a comparison between someone who buys VS someone who rents and invests the saved money elsewhere; it's a breakdown showing where you'd be if you bought (and spent the $90,000 extra over 5 years) VS someone who just rents.

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  @paulshealthfitness792223 күн бұрын

  why didn't you just do it based off a condo bought 5 years ago today, we have the interest rates and prices and rental costs of the past. and then compared it vs just renting and buying s & p 500 with the difference

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  @Bondy-Sawyer_RealEstateTeam23 күн бұрын

  @paulshealthfitness7922 Great question, Paul. I wanted the video to appeal to someone who is CURRENTLY looking at whether they should buy or rent. I thought that using current sale/rental values and current mortgage rates would be the best approach. You're right though, if I would've used a condo bought/rented 5 years ago I wouldn't have to speculate about what MIGHT happen with future value appreciation :-) And yes, I'm planning on doing another video that compares buying VS just renting and investing in the S & P 500!

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  @leetcse23 күн бұрын

  He either forgot it or trying to mislead us. 90K CAD plus growth on it assuming S&P 500 was missing from entire calculation.

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  @howy333323 күн бұрын

  Great video! Only thing you forgot is selling costs!

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  @Bondy-Sawyer_RealEstateTeam23 күн бұрын

  @howy333 Thanks for watching, Howard! I didn't cover selling the condo in this video. I'm thinking of doing another video that compares: i) selling the condo to buy a larger property versus ii) keeping the condo and putting the equity towards buying a larger property (or an investment property).

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  @CassiusJohnAdams24 күн бұрын

  Does the land transfer tax rebate for first-timers happen immediately, or is it paid up-front and then returned the next year?

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  @Bondy-Sawyer_RealEstateTeam24 күн бұрын

  @CassiusJohnAdams Great question! It's typically applied immediately at the time of closing. This means that eligible first-time homebuyers do not need to pay the full amount of land transfer tax upfront and then wait for a rebate. Instead, the rebate is deducted from the total land transfer tax payable at closing, reducing the amount the buyer needs to pay directly.

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  @masterphotog413124 күн бұрын

  Thank you for this great educational video. Keep up the good work!

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  @Bondy-Sawyer_RealEstateTeam24 күн бұрын

  Will do. Thanks for watching!

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  @samben891527 күн бұрын

  Thanks for sharing this insightful comparison. Could you please do the same comparison for two bedrooms condo?

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  @Bondy-Sawyer_RealEstateTeam27 күн бұрын

  Thanks for watching @samben8915 That’s a great idea for a future video.

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  @LewishamGirlАй бұрын

  This was a very clear explaination.

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  @Bondy-Sawyer_RealEstateTeam27 күн бұрын

  Thanks for watching.

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  @heavenlypath10652 ай бұрын

  Why does it show submit a complaint?

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  @Bondy-Sawyer_RealEstateTeam2 ай бұрын

  Hi @heavenlypath1065 The blue button now says, "Submit Complaint/Appeal or Respond To Audit" because the deadline to submit has passed. -- If you look further down it says, "Notices of Assessment for the Vacant Home Tax (for the 2023 taxation year) have been issued to owners who declared their property vacant and to owners whose property has been deemed vacant because they did not submit a declaration. Property owners who disagree with the 2023 Vacant Home Tax assessment can file a complaint through the online portal. They can also get in-person support to file a complaint at City Hall and civic centres, with extra staff available beside the Revenue Services counters from Monday to Friday, 9 a.m. to 4:30 p.m., through April 12." -- If you're having issues you should contact the City: Tax & Utility Inquiry Line Monday to Friday: 8:30 a.m. to 4:30 p.m. Telephone: 311 Outside City Limits: 416-392-CITY (2489) TTY: 416-338-0TTY (0889) Fax: 416-696-3605 Email: [email protected]

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  @Bondy-Sawyer_RealEstateTeam3 ай бұрын

  Here's the URL for the blogTO article: www.blogto.com/real-estate-toronto/2022/03/221-roxton-road-toronto

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  @Bondy-Sawyer_RealEstateTeam3 ай бұрын

  Here's the url for the city's website on the Vacant Home Tax: www.toronto.ca/vacant-home-tax

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  @MansiPatel-lm5vb4 ай бұрын

  My taxes used to go through bank And Now I want to declare that my home is not vacant For that I need customer number and assessment number And I do not have my old tax bill since it went through bank Where can I find the number?

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  @Bondy-Sawyer_RealEstateTeam4 ай бұрын

  Thanks for watching @MansiPatel-lm5vb My advice would be to contact the City (Mon to Fri 8:30am to 4:30pm): ☎️ 416-392-CITY (2489) ☎️ 311 (Tax & Utility Inquiry Line) 📧 [email protected]

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  @jovenjarata-ex2oi2 ай бұрын

  What happened if i can't afford to pay vacant tax no work can't even fix my house leakage at my rooftop can't even fix my house.

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  @Bondy-Sawyer_RealEstateTeam2 ай бұрын

  Hello @jovenjarata-ex2oi Are you sure that you HAVE to pay the tax? There are exemptions in place for certain scenarios. Check the city's website (which is linked to in the description of this video) and read through the exemptions section carefully to see if you qualify.

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  @Divyv5204 ай бұрын

  Hey Bondy-Sawyer , really nice video ! I was wondering if I could help you with more Quality Editing in your videos than your Editor and also make a highly engaging Thumbnail which will help your video to reach to a wider audience ?

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  @justinaldrich17194 ай бұрын

  This will be the biggest crash and in history.

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  @samben89154 ай бұрын

  No one knows where the market is going

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  @Bondy-Sawyer_RealEstateTeam4 ай бұрын

  True, no one knows EXACTLY what’s going to happen.

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  @louismartin44464 ай бұрын

  Yah….never ask a realtor for the truth- they have to keep hyping the market. The market has NOT bottomed and rates have an equal chance of going as they will going down. The bubble will burst and this guy will go sell ice cream cones at the carnival.

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  @Bondy-Sawyer_RealEstateTeam4 ай бұрын

  💁‍♂️🍦

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  @parkerbohnn5 ай бұрын

  I'll bet everything I own Markham will see a double digit increase in prices this year. Rents will blow through the roof as rents are tied to home prices and not tied to interest rates. Markham will surpass Toronto as having the highest average rents in Ontario in 2024.

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  @Bondy-Sawyer_RealEstateTeam5 ай бұрын

  @parkerbohnn We'll see...

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  @2002S405 ай бұрын

  This is what we get to put a freeloader crook in charge of our coffre. This is just the beginning.

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  @pablosubak85675 ай бұрын

  Wow your predictions didn't age well, second week of January and inflation rate up. Who will take on these mtgs now. Talking $$$$ per month. So tell me how sales will go up. No investors buying as well plus way cheaper to rent.

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  @parkerbohnn5 ай бұрын

  Sales could actually fall as sellers already know prices will rise a lot in 2024 and in 2025. Therefore they'll hold off listing until interest rates hit bottom in the middle of 2025 to get the maximum price for their home.

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  @Bondy-Sawyer_RealEstateTeam5 ай бұрын

  Thanks for the comment @pablosubak8567 We're only 4 weeks into the year at this point, so I would argue it's too early to accurately assess how well my predictions for 2024 have aged (give it more time!). I can tell you that we're seeing offer nights for houses in some neighbourhoods right now (and some of these are receiving multiple competing offers). So there ARE buyers out there right now jumping back into the market. The January stats will be out next week and it'll be VERY interesting to see how this first month of 2024 has played out.

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  @Bondy-Sawyer_RealEstateTeam5 ай бұрын

  Great comment @parkerbohnn Keep in mind that many sellers are ALSO buyers at the same time. So if they wait until prices are higher to make their move, they will benefit on the selling side but NOT on the buying side. For this reason, many of them will likely be motivated to make their move sooner rather than later (which would increase sales).

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  @CDI365 ай бұрын

  Toronto votes left this is what they get.

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  @user-cl4kr4dj4l5 ай бұрын

  You will own nothing and be happy.

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  @LandmineLieutenant15 ай бұрын

  You get what you vote for.

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  @senioraces5 ай бұрын

  ...the idea is to tax people to the point that they lose their properties and can't afford to own a single family home...

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  @Bondy-Sawyer_RealEstateTeam5 ай бұрын

  Thanks for the comment @senioraces. Affordability is definitely a concern for many. Olivia Chow said the following, "After years of decline, we have to get the city back on track, so we can build a more affordable, caring and safe city. This budget process is about starting that work." 👉 And this increase in property taxes is one of the pillars of the proposed budget plan.

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  @1234dionb5 ай бұрын

  Great summary. Jan BoC meeting will likely result is no rate change. And there is no meeting in Feb. This will mean 6 months of no rate change. Remember what happened in 2023 with just 4 months of no rate change?

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  @Bondy-Sawyer_RealEstateTeam5 ай бұрын

  Thanks for the comment @1234dionb I do remember! We saw a big jump (+15%) in the GTA avg sale price from January - May, before those 2 consecutive rate increases came along in June & July to slow things down. We've got 8 BOC announcement dates to watch out for in 2024: Jan 24 Mar 6 Apr 10 Jun 5 Jul 24 Sep 4 Oct 23 Dec 11

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  @user-dp4wy8ib6e6 ай бұрын

  Good Job man, Interested to see how it looks in 12 months.

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  @Bondy-Sawyer_RealEstateTeam6 ай бұрын

  Thanks for watching! 2024 is definitely going to be an interesting year for real estate. Looking forward to seeing how it unfolds.

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  @Freelancernirob8436 ай бұрын

  nice

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  @choosetoshine26107 ай бұрын

  Excellent recommendations! New subscriber. ❤🎉❤

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  @Bondy-Sawyer_RealEstateTeam7 ай бұрын

  Thanks for subbing!

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  @alinasseri61489 ай бұрын

  Canadian real estate in danger ⚠️ imminent crash 💥 goodbye 👋 investors

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  @armenstaubach9276 Жыл бұрын

  In GTA real state is still a safe in and will stay like this for a while… it’s simple: supply and demand.

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  @northernpatriot Жыл бұрын

  Pipe dream

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  @saritabasye5254 Жыл бұрын

  Promo`SM

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  @mikethomas6715 Жыл бұрын

  You break it down so clear & good. Thanks.

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  @Bondy-Sawyer_RealEstateTeam Жыл бұрын

  You're very welcome!

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  @michaelmerritt79874 жыл бұрын

  Just about to subscribe. Have you ever thought about using followsm(.)com?? A lot of people are using it to promote their videos!!

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  @davidpristupa16295 жыл бұрын

  Very depressing and boring