Vas | Toronto Real Estate
@VasCityEstates
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RE Broker | CPA | https://t.co/IU5ObFkyrn…
Toronto, Canada
Joined April 2019
Had lunch with a friend who manages just under a 100 towers in the GTA. Most power of sale condo units you are seeing are forced by condo boards/PM due to maintenance fees delinquencies. Majority are investor owned/tenanted units.
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The median age for a first-time homebuyer in Toronto is now 40 years old.
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Lambo tracker still stable despite higher job unemployment.
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I wonder if we will see decent real estate twitter like we had in the past. So much potential...
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Second part interview with Toronto condo Engineer. Understand the inherent risks with condo ownership and how to evaluate your own condo. https://t.co/w2jgtaXQ3Y
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Some nice units pulled up to the track today, it's not every day you see someone track a 993 turbo.
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Ask your condo board what they are doing about net zero mandates. There is currently funding for studies that will likely be mandatory and the resulting requirements will increase maint fees substantially and/or send a lot of condos into special assessments if not proactive.
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Mark Morris dropped an update on the current status of the legal nightmare that's ongoing in TO RE. Possible light at end of tunnel? https://t.co/L5Vp645Lba
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Curious what most people take away from this chart? Thanks for putting this together @xelan_gta First thing that comes to mind is we are scraping the bottom, and our worst case is further downside of ~7% at most...otherwise flat or recovery? https://t.co/74oinFnSxw
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Prices doing their seasonal trend, likely 2 more months of prices going down. Based on 17 years of seasonal data in September prices go up, however the last 2 fall markets were dead on arrival and performed worse than the spring.
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Started noticing more homes getting sold conditional in the last 2 weeks, wasn't sure if it was a minor sentiment change, but pivot and an improvement going into a down month as per the seasonal stats.
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Looks like X has a shot of turning around and restoring the glory days. Bullish. https://t.co/j79qqFOssB
Ladies and gentlemen, I've officially posted my way to the top: I'm joining @X as Head of Product. 𝕏 is the most important social network in the world. It's where internet culture originates and where the world's most influential people convene. Finding my community and
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Autopsy of the @daniel_foch vs @JohnPasalis debate. We break down what was said, what wasn’t, and what really matters in the investor blame game. https://t.co/j9eHOBkRFK
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Got multiple DM's with people getting increases higher than 40% this year. Surprised this isn't on the news.
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Anyone get their home insurance renewal this year? Some are seeing 38% increase, no claims, no changes to policy.
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Seller can’t make payments, moves out, signs a 5-year lease with a relative for half market rent. Now the lender’s stuck with a $2K/month tenant in a $4K/month home — no buyer touches it. Seller thinks they outsmarted the bank… They just nuked their own chance of recovery.
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How big of a discount for a property that's leaning this much?
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