Development fees for single family homes in Clarington moved from 40,000 to 120,000 per year from last year to this year. But we want housing right? Give me a break.
In August / september fixed rates were rocketing up, sellers freaked out. rate cuts seemed 12+ months away. some sold
Now, fixed rates coming down and rate cuts in March. Inventory shrinking.
Good luck finding someone to sell to you at vulture pricing w/ current narrative🫡
As some other realtors have mentioned on here, I'm also getting more and more calls from people in distressed or soon-to-be distressed mortgage situations. Needing to sell. This isn't just twitter fear-mongering. It's starting to happen now.
More and more investors are listing their properties every week.
Homeowners will cut out vacations, sell cars, and stop going to restaurants to keep their home.
But why would an investor keep a property that costs them money every month?
Seeing some capitulation now.
I didn’t believe it until I saw the numbers myself ✨ the government that is crying for housing is the same government who is profiting more than those who buy the land, service the land & build housing… which takes years because governments issue permits at a snails pace 🤯
There Will Be No Bank of Canada Increase In Prime Rate Tomorrow
As I have been posting for 6 weeks NO INCREASE
In the last couple of days the BoC has clearly leaked this everywhere because every news outlet has been saying it for the last 3 days
March is ZERO
FOR SALE | MODERN FARMHOUSE | 149 County Rd 27, Castleton, ON used as an #airbnb ranging from $400-$700/night https://t.co/lc1KFtVh3H via @YouTube Listed for $1,025,000 #Northumberland