Shazi
@ShaziGoalie
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Follow me and click on the alert for weird and wonderful happenings in Ontario RE 🏡 🇨🇦
Canada
Joined October 2015
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メイドの日
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メイドさん
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メイド服
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ONGSASUN CONFLICT
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#Mステ
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#それスノ
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#岸辺露伴は動かない
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ラウール
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トニオさん
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#SixTONES_ここに帰ってきて
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サイバー攻撃
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ジェシー
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Faker
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密漁海岸
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露伴先生
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ノイジー
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階段降り
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GONG
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Pinned Tweet
"It's important to pause and reflect that every story I post about price discovery or power of sale represents a real human being on the other side of it. While schadenfreude can be a reflex, we need to rise above it and show empathy."
"B-Lender Blowout" 🏡💥
📍Stoney Creek, ON 🇨🇦
After buying this house for $2.35M at the end of 2022, the investor almost immediately tries to rent it out for $7000, no takers. 🏠🚫 He then tries to flip it for $2.4M. 🔄🏷️ No takers. After several price reductions, re-lists,…
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When someone is unlawfully entering your home:
🇨🇦: We suggest leaving the car keys near the front of the door. (Toronto)
🇺🇸: Shoot them. We prefer you, actually do. (Santa Rosa County)
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"Toronto Police advise the public to reduce the risk of home invasions aimed at car theft by placing their key fobs near the front door. This strategy is suggested because culprits are primarily entering homes to access cars, not to steal other items." 👇🏽
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Reporter to 🇨🇦 PM Trudeau:
"So can you tell Ontarians why your government's price on carbon is more important than their ability to make ends meet?" 👇🏽
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Just found out a friend is selling off an investment property because of the 🇨🇦 government raising the captial gains tax.
How many more will rush to sell before the June 25th deadline?
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🇨🇦 MP flips 21 homes. It's one of the most embarrassing clips you will ever see. 👇🏽
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🇨🇦 Deputy PM Freeland gets asked to give an example that illustrates that she understands the pain and the pinch that Canadians are feeling at the grocery store or doing their budgets. 👇🏽
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Grade 8 students have started this petition to ban 🇨🇦 housing minister from making a profit due to conflict of interest. 👇🏽
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My tenants e-transfered an extra $50 for rent yesterday (not raised their rent for 3 years).
I went to see him today, shook his hand, and within the same handshake gave him back a $50 bill.
I said, "Take your wife out for a nice dinner."
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"Employer Blacklists Entire College Due to Subpar Applicants and False Credentials—A Wake-Up Call for Academic Integrity."
<story thread>🧵👇🏽
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“A Canadian MP just blocked me. I wonder if it’s because we are drawing attention to his profiteering in Canada’s housing market”
@liberal_party
@JustinTrudeau
@theJagmeetSingh
@PierrePoilievre
#ToRE
#VanRE
👇🏽
🇨🇦 MP flips 21 homes. It's one of the most embarrassing clips you will ever see. 👇🏽
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"Ontario's Cost Crisis"
One Person's Tearful Grocery Checkout Becomes a Symbol of Growing Desperation 👇🏽
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"🇨🇦 faces historic financial exodus as foreign investors withdraw a staggering $48.7 billion, marking the largest sell-off ever recorded." 👇🏽
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"Chasing Prosperity"
🇨🇦 Dreams Redefined by 🇺🇸 Opportunities Amidst Escalating Brain Drain and Housing Woes
<story thread>🧵👇🏽
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"Wall Street bets against 🇨🇦 homes, foresees market crash as next big win." 👇🏽
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"This lady shares her thoughts on why so many foreign investors buy properties in 🇨🇦" 👇🏽
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"Toronto's condo market on the verge of collapse as over 50% of investors face staggering losses, spelling disaster for renters."
#ToRE
👇🏽
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"$450,000 per guest"
🇨🇦 costly quarantine blunder at Calgary hotel exposes staggering government waste 👇🏽
Ottawa spends $450,000 per person on Calgary quarantine hotel in 2022 | National Post
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"This would simply be a nightmare scenario for thousands of homeowners across 🇨🇦" 👇🏽
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"Betrayed by Broken Promises"
Immigrant Family Forced to Leave 🇨🇦 as Skyrocketing Rent Prices Expose a Nation Plagued by Greed and Corruption. 👇🏽
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"Ontario couple walks away from $140K deposit to home builder." 👇🏽
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At a certain point, word gets out that Ontario is no longer "a place to grow" and people no longer settle here. 👇
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📢 Wrecked in Vaughan 😢
📍Vaughn, ON 🇨🇦
How are these people going to recover? 🤷♂️
$600k+ loss & $200k under 2017 price.
Bought at the peak of the market in 2022 for $2.55M. The owners paid $260k over asking and planned to lease it out for $5.5k
After that failed 🚫,…
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🚨 POWER OF SALE OF THE DAY 🚨
"Total Decimation in Trinity-Bellwoods" 😱
📍Toronto, ON 🇨🇦
In 2020, investors bought this home in Trinity-Bellwoods for $2M and sunk hundreds of thousands into it. They listed at a fanciful $5.4M at the beginning of this year.
No takers 🚫,…
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"Housing Bubble Has Just Gone Nuclear"
📍Richmond Hill, ON 🇨🇦
Richmond Hill home sold $100k under the 2017 price.
We are seeing 2016 prices now!!!!!!! 👇🏽
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"$50k/year for a CPA/CFA?"
Minimum wage in Ontario is $31k/year.
Is this real?
H/T
@zjhasan
👇🏽
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📢 Mega Price Discovery 😲
📍Brampton, ON 🇨🇦
"THIS IS A NEW RECORD FOR BRAMPTON"
$640k loss, not including taxes, fees, and commissions.
Bought at the height of the market in 2022 for $500k over asking 📈, the new owners run into serious trouble 😨.
They tried multiple…
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🚨 Mayhem in Mississauga $800k loss on a Power of Sale ⚡.
📍Mississauga, ON 🇨🇦
This Mississauga 🏠 was bought in 2021 nearly $400k over asking 📈 by a numbered company. They tried to lease it out, but that didn't work 🚫.
So they tried to unload it.. ELEVEN TIMES, no dice…
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"🇨🇦 dollar in peril as experts forecast catastrophic plunge against 🇺🇸 dollar." 👇🏽
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"🇨🇦 Housing Bubble Set to Burst"
IMF Warns of Imminent Mortgage Defaults and Economic Catastrophe 💣 👇🏽
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"Immigrants heartbreaking Decision"
Overwhelmed by immigration influx, disillusioned immigrant ponders abandoning 🇨🇦, fearing a social and economic collapse. 👇🏽
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"40% of Trudeau's new 🇨🇦 cabinet is made up of landlords, up from 30 %" 👇🏽
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"TD Bank Cuts 3,000 Jobs, Facing Financial Strain Amid Increased Loan Loss Provisions and Legal Scrutiny" 👇🏽
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"🇨🇦 Hits Record High Citizen Exodus"
Over 32,000 Flee in Q3, Marking Largest Outflow in Nearly a Century 👇🏽
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"Real Estate Scandal Rocks Quebec"
Realtors found guilty of fake offers scheme, undermining market integrity. 👇🏽
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"B-Lender Blowout" 🏡💥
📍Stoney Creek, ON 🇨🇦
After buying this house for $2.35M at the end of 2022, the investor almost immediately tries to rent it out for $7000, no takers. 🏠🚫 He then tries to flip it for $2.4M. 🔄🏷️ No takers. After several price reductions, re-lists,…
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"Interest Rate Hikes Spell Disaster"
Over 40 Families Can't Close on Carleton Place Homes as Prices Crash from $900K to $500K!" 👇🏽
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"Brain Drain"
🇨🇦 Best and Brightest Flee to NYC for Higher Pay and Opportunities, Leaving Toronto's Financial Sector in Peril 👇🏽
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"Rising costs push even middle-class families to the brink of collapse, leaving a trail of stress, shattered dreams, and societal upheaval." 👇🏽
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"Peel police officially declare building site fire as arson" 👇🏽
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"IKEA 🇨🇦 Announces Massive Price Cuts on 1,500+ Items in Bold Move Against Rising Cost-of-Living Crisis" 👇🏽
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"Young 🇨🇦 nurse crushed by the cruel reality of unaffordable housing market, contemplates leaving the country in despair." 👇🏽
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"25 Students, One Basement"
Brampton's International Student Housing Crisis Exposed 👇🏽
Brampton Mayor Patrick Brown: "Just a few days ago in Brampton, I got a report from by-law where they found 25 international students living in a single basement apartment"
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Two friends bought property at the market peak
One a pre-con condo in GTA, another an Airbnb in Northern Ontario
Both are now underwater on these investments and have hefty mortgages on their primary homes
Yet, they still take regular family vacations
Why this behavior?
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You can buy your dream home on 3 acres of land with waterfront access in Niagara for $585K USD, on the 🇺🇸 side of the border.
Or you can spend $1.5M CAD for 100 year old house with no garage or waterfront access on the 🇨🇦 side. 👇🏽
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"Canada's immigration plan faces collapse as applications for permanent residency plummet, leaving the country struggling to grow its population and attract global talent." 👇🏽
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"Must see for every prospective landlord"
Epic walkthrough of Ontario home taken over by squatters. 👇🏽
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📢 Brampton Blowout! 💥
📍Brampton, ON 🇨🇦
$500k loss on a "Power of Sale."
Bought in May last year for nearly $1.6M, the owner leased it out for $3800/month.
But that wasn't enough. They ran into trouble, and MCC Mortgage Holdings took over and sold it in 20 days for $500k…
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📢 MEGA-DECIMATION IN COTTAGE COUNTRY💥🏡
📍Gravenhurst, ON 🇨🇦
"$600k Loss + Power of Sale"
June 2022, this cottage was purchased for $1.55M. New Haven executed a 'Power of Sale' on the owner and listed it for $1.4M.
After 32 days, they caved in to a lowballer and sold it…
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Mississauga detached homes are not selling. The last time homes sat on the market this long was during the 2008 financial crisis. 😕
Something has to give at this point. 🤔🏠💸
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Citizen: What's with the increase in capital gains tax?
🇨🇦 Govt: Yes, we're taxing the profits from your investments, which were made with your already taxed income. We're going to increase the tax on those profits
Citizen: See Ya
🇨🇦 Govt: We have foreign workers coming in
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"🇨🇦 Housing Market Braces for Unprecedented 10% Plunge, TD Warns of Deeper Home Price Correction Ahead" 👇🏽
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🚨 ANCASTER BLOWOUT LOSS 🚨
📍Ancaster, ON Canada
In Jan 2022, Buyer bought the Detached 🏡 for $226k over ask.
Recently the Buyer sold the home $126K under ask, for a total loss of $441K (36%) before RE fees. 👇🏽
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“Brampton’s Deadly Gamble"
Faked Incomes and Rental Scams Ignite Housing Crisis Outrage
<story thread>🧵👇🏽
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"Ontario's Healthcare Crisis"
Private clinics emerge as public system flounders, with basic family health now a paid privilege 👇🏽
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"Hamilton Horror-Story"
📍Hamilton, ON 🇨🇦
Homeowners will end up losing more than $0.5M after selling their Hamilton home they owned for a little over a year. This is the 5️⃣th time they have put it up for sale. 👇🏽
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Mayor of Town In Ontario, 🇨🇦 Can't Afford a Home in Her Own Town. 👇🏽
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"Mortgage Meltdown"
London Defaults Soar Over 80% Amid Housing Crisis 👇🏽
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"Richmond Hill Home's $850k Massive Plunge 🪠"
📍Richmond Hill, ON 🇨🇦
Bought in 2021 by an Ontario Company for more than $2.6M. The mortgage lenders take over and sell it for a whopping $850k loss.
#ToRE
👇🏽
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"Buyer Loses $150k Deposit 💸 After Deal Falls Through 🏚️"
📍Vaughan, ON 🇨🇦
The would-be buyer of this Kleinburg home tried to pull out after agreeing to pay $3.2M 💰 for it.
They cited health reasons 🤒 and financing difficulties after the appraisal came in nearly $500k…
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"TD Forecasts Bank of Canada to Slash Interest Rate to 2.25% by 2025, Indicating Major Shift in Mortgage Landscape" 👇🏽
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"🇨🇦 on the Brink"
RCMP report warns of societal collapse as young 🇨🇦 face a future without home ownership 👇🏽
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"Skilled Worker Struggles Signal a Middle-Class Meltdown in Ontario's Harsh Economy" 👇🏽
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"Ontario Rent Crisis"
Landlords Push for Immediate Evictions, Claiming $1 Billion in Lost Income 👇🏽
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📢 Horrific Hammering in Hamilton 💔
📍Hamilton, ON 🇨🇦
This is beyond devastation 😢 for some families. Both of these houses 🏠🏠 were purchased at the height of the market in 2022.
Both of them sold this week for ~400K in losses, not counting taxes, fees, and commissions.…
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"Corporate Betrayal"
🇨🇦 IT Workers Forced Out, Replaced by Foreign Hires, Exposing a National Injustice. 👇🏽
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📢 Ontario Landlords Are At The Breaking Point
Mortgage rates are forcing the landlord to pay $800/month out of pocket.
There are hundreds, if not thousands of them across Ontario teetering on the brink, but what options do they have for an exit? 👇🏽
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"🇨🇦 couple contemplates fleeing leftist policies for 🇺🇸 Red states, fearing their homeland." 👇🏽
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"🇨🇦 Investor Exodus"
Record Sell-offs Signal Economic Red Alert 🚨 👇🏽
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"Struggle for Survival"
Unemployed Nigerian Immigrants in 🇨🇦 Queue for Cash Jobs (Keele & Wilson) Amidst Rental Crisis
<story thread>🧵👇🏽
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"Conestoga's 'diversity' looks more like a monoculture in this startling snapshot." 👇🏽
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🚨POWER OF SALE MADNESS
📍Brampton, ON 🇨🇦
After the owner put their 🏡 on the market for sale for $2M last month, the PRIVATE LENDER put the SAME house for sale for $1.7M yesterday.
BOTH lender and owner are selling the SAME house.
#ToRE
👇🏽
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"I have 🇨🇦 clients that bought at 1.89% and their renewals will be over 6%" 👇🏽
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"Toronto family on brink as soaring costs trap them in a cycle of debt and dashed savings dreams." 👇🏽
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After defrauding Canadians of tens of millions of dollars and leaving a trail of economic devastation, the crypto king of Oakville avoids his "creditors" by declaring bankruptcy, skipping out of 🇨🇦 and lives large in LA, 🇺🇸.
Something is clearly wrong with our system when so…
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"Staggering 50% increase in Indian nationals detained at 🇺🇸 - 🇨🇦 border signals escalating migration crisis." 👇🏽
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"Why international students in Kitchener-Waterloo are struggling to find jobs" 👇🏽
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"Business Owner and Wife, a Family Physician, Uproots Life After 15 Years"
Citing Broken 🇨🇦 Dream Amidst Immigration Policy Struggles and Healthcare Woes 👇
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"Homebuyer's Dream Turns to Nightmare as Appraisal Falls $234K Short of Purchase Price"
<story thread>🧵 👇🏽
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"Stunning $500K Loss"
Ontario Home's Real Estate Rollercoaster Ends in Desperate Sale After Five Market Flops 👇🏽
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"🇨🇦 Housing Crisis"
Younger Generations Demand a Market Reset 👇
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🚨 POWER OF SALE OF THE DAY 🚨
📍Aurora, ON 🇨🇦
$400k loss on a townhome ⚡️
Apocalypse in Aurora 🌪️
Another one bought at the top of the market in January 2022 for more than $300k over asking. They tried to sell in August last year but just couldn't make it happen.…
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