Toronto Real Estate: The Future Of The Condo Market 📈

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Video Chapters

00:00 📉 Toronto's Current Condo Market
01:50 🏢 Understanding Toronto's Condo Inventory
05:16 🏠 Condo Occupancy and Buyer Categories
08:05 🔍 Future Considerations for Toronto's Condo Market
11:39 📊 Key Market Indicators to Watch

The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.

[wc]

Investors are leaving not just B/c of interest rates & current slump, but Ontario’s (same BC) policies and Tenancy Boards heavily favoured tenants and punished, no slaughtered, landlords… Why very few people buying presales today… Province will see the effects few years from now…

[javiersantos]

I love these videos, they are professional, fact based and balanced

[skyword]

Investors hammered --> 1) buy Pre-Con: get hammered by 3 levels of taxes; come closing the Developer often doesn't deliver on what you bought but governing bodies favour the Developer which doesn't have to make reparations or good on what Buyer was sold; 2) Buyer gets a Tenant and ya better have yourself a good Realtor helping to vet the best Tenant or you guessed it, LTBO favours the Tenants. No bank/ no bank ever favours Landlord and no money/ no property. Funny that when the balfiff shows up to take your property, suddenly evicting Tenants is a no brainer. Oh, and let's not forget the double of not just home prices and interest rates, how bout the insane increase in insurance rates/ continued municipal taxes and... condo fees which can easily double at time of Closing!!!

[eddybigdata]

Very informative video. Thanks for sharing your thoughts Tom!

[kylefordinvest]

Great analysis on the future of the Toronto condo market!

[joebachmeier]

Condos are such a hot potato scam. The person in the end loses when the building croaks. Even newer ones if theres a major flaw completely screws the owner. At least you made money bro

[roadmap]

Great content. Condos are a disaster. Our company holiday party was at a steakhouse last year. This year, more like pizza party.

[masterphotog]

Another great video. Keep up the good work!

[randomstuffman]

Good video. Thanks. But drop the loud music at the beginning.

[joshsicle]

Thanks for the video, I was rushing to purchase by the end of the year but may aim to close January 2025 now.

[jaymar]

Maybe the government should stop assisting failed mortgage borrowers and pumping the market then builders would list for realistic prices

[howy]

So I agree with mostly everything you said there is just one glaring fact here thats kind of interesting. Only 6% of the market is under 500 sq ft and thats the price point with the highest demand. I believe that Demand is starting to outweigh supply in that market and this price point could push up the market a little bit quicker than anticipated

[Sarahyangtoronto]

I am hoping to purchase in 2025 at a good price.

[joebachmeier]

I'd rather be watching the Real Canadian Real Estate show. I know you're reading this T and D. Lol.

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