FOMO returning to the housing market

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John Pasalis, President of Realosophy Realty, talks with Financial Post’s Larysa Harapyn about how FOMO is returning to the housing market.

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It’s a suckers rally. Unfortunately when people start loosing their jobs which is a lagging indicator and when mortgage renewals start coming up for renewal. Look out!! People are maxed out.

flyguy
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Yeah.. fomo as stated from a real estate agent? Lol gimme a break

DA-ptem
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Inventory is at 20 year low, the market is stuck but yeah it's FOMO :)

marketplayer
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Owners who can afford to should hold steady and not sell this year. The supply to satisfy the ever increasing demand will not come online anytime soon and prices will continue to reflect this fact.

jasonfuerstenberg
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More cash offers from Real estate investment funds and offshore money jacking up prices.

redjetsen
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The housing in Canada is unaffordable for new buyers mainly because of the high mortgage interest rate.
The number one criterion for buyers is amount of monthly mortgage payments. Cost of the house is not so critical.

megaman
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Wait and see the effects of recession...

navenram
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😂😂😂😂😂😂 They are joking
No investor by they have shortage!

mehrankhoram
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Come but my house, special fomo deal 500k$

donm
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👍.I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950, 000 PROFIT within 3months he invested $120, 000. I just began investing and i will really appreciate any tips or helpful guide.

topeoplebenice
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Lmao there is no FOMO in real estate. Its losing value and is on verge of collapse. Bitcoin numbers speak for itself. I would only be investing in BTC right now. Period.

Decomg
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Buy Bitcoin whilst its under $30, 000 a coi! Stay away from property guys

theadamproject
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Whatt?? Housing market is going down! Terrible investment right now. Bitcoin is the best investment by 1000%

EngishHipHop
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Well peoples starting pumping the price during the market down turn..peoples panic buying a house ? 😂

stephenr