'You pretty much need help from your family': How do Torontonians feel about the housing market? We went to an open house to find out

What sort of house are you looking for?

Finding a house is frustrating because even with a nice showing—it’s beautiful, you love it, good price tag—you know that it’s potentially going to go for $600,000 to $700,000 above the asking price. So all of a sudden, what was in your price range is no longer in your price range. I always say to my parents, “I did everything right.” We went to university, we both work hard, have good jobs, and yet I can’t have the dream home my parents had without spending a lot of money.

I want to buy because I’m getting close to retirement. It’s 180 days away. I live in Mississauga because it’s closer to my work, but I’m looking to sell the place and come back to the city. I still have lots of friends around here. I’ve just started shopping this year, so I haven’t placed many bids yet, and I am not overly picky about the type of home. A detached house would be nice, but for my budget I’ll probably have to accept a semi-detached.

Enio: I’m moving into the city from Thornhill. Now that the kids are out of the house, I want to be in the urban centre.Richie: Today, this is our fifth. In total we’ve seen about a dozen. Every house we’ve seen today, if we’d buy any of those, we’d be happy. They mostly just need sheets and pillow cases—there is a lot of quality in the market.Richie: If there are five offers and they’re asking for $2 million, do you go in at $2.3 million? $2.5 million? $2.

House was on the market for $1,899,000, and sold for $2,450,000 according to the realtors’ Instagram.

Do not compare Toronto to NYC. If you do then you obviously know nothing about NYC. No Toronto is not a young NYC. Not even a distant cousin that no one talks about unless your forced to sit at a table with them at a wedding you never wanted to go to in the first place.

Well, wait till interest rates hit 10% for mortgages lol...

Really feeling gutted for these nice folks who only want a four-bathroom home of their own…

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Housing market slowing rapidly amid interest rate hikesWatch: Realosophy Realty president John Pasalis talks about the impact of higher interest rates on Canada\u0027s real estate market financialpost It is incredible that everyone forgets: If you buy into bubbles you are screwed.
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Housing market slowing rapidly amid interest rate hikesWatch: Realosophy Realty president John Pasalis talks about the impact of higher interest rates on Canada\u0027s real estate market financialpost Weird apparent B.S. attempt to 'talk up the mkt' earlier in April, w/news articles focused on Royal Lepage trumpeting another bang-up Q1 &predicting double digit price gains in 2022.But neglected to mention Q1 included March when av. HOUSE PRICE FELL, as int. rates chilled mkt. financialpost higher interest rates that would not occur for a L O N G time. Do we have to assume its all lies? financialpost I think people have to change the way they think about housing. There are better ways to invest your money, especially now that the market is topping out. Wait for a year or two before considering a purchase.
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