Landing condos . Top experts in Toronto make predictions for the autumn real estate market
Landing condos . Top experts in Toronto make predictions for the autumn real estate market. This is a 400-person event at the Rotman School of Management at the University of Toronto.Please Visit: Landing condos . to Get Your VVIP Registration Today!
Real estate has been the forerunner of the current recovery. Activity is active, reflecting suppressed demand and increased domestic investment activities. According to our poll, 25% of homeowners are considering buying extra homes because of low interest rates, and the market is slightly weak. This is the opportunity they have been waiting for. I suggest that activity will remain strong for the next two or three months, but after this honeymoon period, I see a slowdown in the pace of economic growth, as the second wave of risks and the fact that the virus will overlap with the flu season will lead to increased chaos, thereby reducing economic growth. The real estate market will also be hit, which will be caused by the end of the mortgage payment extension period, which will have a negative impact on housing activities to a certain extent. Overall, I saw strong activity for two to three months, followed by weaker activity in autumn and winter, and very strong in spring 2021.
MICHAEL KALLES:, I am optimistic about the real estate market. You will notice that as people seek shelter and outdoor space, the share of houses on the ground floor and the suburbs has increased, but I would never bet on the city center. So the demand is there. The house transaction is timely and the price is reasonable. I think our house prices will fall sharply, and as the prices of independent houses rise, buyers will turn their attention to high-density choices.
Even though Brad Lamb (BRAD LAMB): is still considering COVID-19, the market is still very strong because there are many other businesses. In my opinion, this will continue as the basic demand for housing in Toronto exceeds the basic supply of housing.
In terms of buying and selling, we will continue to be the seller’s market, and the buyer will continue to bid for houses, and until early autumn, the situation will only get worse, of course, you know that winter will come, things will slow down to a typical winter. But the market is still very strong.
As a result, Odin Eckston (ODEEN ECCLESTON): came to a standstill as soon as the news of home restrictions came to a close. But as each month goes by, I have seen people become more and more adapted to the epidemic’s concept of life and the way they do things. But in the first few months, people were a little paralyzed and had little activity. So now you will see all these record statistics, a large part of which has to do with those who are now comfortable and willing to join.
Jennifer Keith Matt (JENNIFER KEESMAAT): well, interestingly, it’s very hot. At the Rottmann round table last winter, I didn’t think anyone in the group was bullish. Everyone is saying that anything can happen. We are not sure what will happen to the coronavirus. But no one said, wait a minute, things will break out. It’ll get hot. This is not what anyone expected or expected. That’s the first thing. The second thing is that if you look at CMHC (Canadian Mortgage and Housing Corporation), there is reason to think that banks are now artificially propping up the market-what will happen to the shelving of mortgages and other government incentives. Once we start to get rid of these unconventional incentives, we don’t know what kind of recalibration to do. So I’d like to sit here and say it’s hot and it’s always hot. But some numbers don’t really make any sense.