A report from the Globe and Mail on Canada. "Market reports about the Greater Toronto…
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From the first 12:39 video:
Salt Lake County, Utah housing prices drop 6%
Living in Salt Lake City Utah with Mariah K Homes
Feb 15, 2023
Are you curious about what is happening in the Salt Lake City, Utah Housing Market? Maybe you are wondering if now is a good time to buy or sell a home in Salt Lake City, Utah. You’re probably wondering if housing prices are dropping in Salt Lake City Utah. Are you curious if the market is going to crash? Maybe you’re curious what the expert predictions are for the housing market for 2023 in Salt Lake City Utah. If so, you are in the right place!
The second 1:25 video:
Vancouver Developer in $700M Debt Seeks Creditor Protection: Impact on Home Buyers?
M8TRIX5
Feb 15, 2023
Creditor Protection Sought by Large Vancouver Real Estate Developer over $700M Debit: How Will It Impact Home Buyers?
One of the largest real estate developers in Vancouver, Canada, is seeking creditor protection after accumulating more than $700 million in debt. The developer’s financial troubles have raised concerns among home buyers, who are worried about the impact this may have on the real estate market and their investments.
The Vancouver real estate market has been hot in recent years, with prices skyrocketing due to high demand and limited supply. However, the COVID-19 pandemic and the resulting economic downturn have hit the industry hard, with many developers and investors struggling to stay afloat.
The latest news about the Vancouver developer’s debt has raised questions about the stability of the local real estate market, and what this means for home buyers. If the developer is unable to pay its creditors and goes bankrupt, it could have serious implications for the industry as a whole.
One potential impact is that it could lead to a drop in property values in Vancouver, as investors and developers become more cautious about investing in the area. This could be bad news for home buyers who have already invested heavily in the local real estate market, as they may see their property values decrease as a result.
Another potential impact is that it could lead to a reduction in new housing development, as investors become more hesitant to invest in new projects. This could exacerbate the already existing housing shortage in Vancouver and make it even harder for home buyers to find affordable properties.
It’s important to note that the developer’s financial troubles do not necessarily mean that all home buyers who have invested in their projects will be negatively affected. In many cases, home buyers will have already completed their purchase and will have little to worry about. However, those who have purchased off-plan properties, or properties that are yet to be completed, may face delays and uncertainty as a result of the developer’s financial problems.
Ultimately, the impact of the Vancouver developer’s debt on home buyers will depend on a range of factors, including the specific projects involved and the overall health of the local real estate market. While there is certainly cause for concern, it’s important to remember that the real estate industry is inherently cyclical, and that there are always risks and uncertainties involved in investing in property.
Home buyers who are concerned about the impact of the developer’s debt on their investments should seek advice from experienced real estate professionals and financial advisors. They may be able to provide guidance on how to navigate the current situation and minimize the risks involved. It’s also important for home buyers to stay up-to-date with the latest developments in the industry and to monitor the market closely in the coming months.
The third 14:21 video:
Strange Behaviour In Vaughan, Richmond Hill & Markham Real Estate – Feb 8
Team Sessa Real Estate
Feb 16, 2023
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Feb 2 – Feb 8, 2022.
Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans, the New York Federal Reserve reported Thursday.
Debt across all categories totaled $16.9 trillion, up about $1.3 trillion from a year ago, as balances rose across all major categories.
Despite a decline in originations, mortgage balances increased to $11.9 trillion, up about $250 billion from the third quarter and about $1 trillion from a year ago. Originations for new home loans and refinancings fell to $498 billion, less than half where they were for Q4 in 2021 and a drop of about $135 billion from the third quarter.
Mortgage loans considered in “serious delinquency” of 90 days or more rose to a rate of 0.57%, still low but nearly double where they were from the year prior. Auto loan debt delinquencies rose 0.6 percentage point to 2.2%, while credit card debt jumped 0.8 percentage point to 4%.
Consumer debt is about to become a huge problem. We have to see something break in the economy. It will start with a market sell off, but the bulls are still carrying the day.
From the first 12:39 video:
Salt Lake County, Utah housing prices drop 6%
Living in Salt Lake City Utah with Mariah K Homes
Feb 15, 2023
Are you curious about what is happening in the Salt Lake City, Utah Housing Market? Maybe you are wondering if now is a good time to buy or sell a home in Salt Lake City, Utah. You’re probably wondering if housing prices are dropping in Salt Lake City Utah. Are you curious if the market is going to crash? Maybe you’re curious what the expert predictions are for the housing market for 2023 in Salt Lake City Utah. If so, you are in the right place!
The second 1:25 video:
Vancouver Developer in $700M Debt Seeks Creditor Protection: Impact on Home Buyers?
M8TRIX5
Feb 15, 2023
Creditor Protection Sought by Large Vancouver Real Estate Developer over $700M Debit: How Will It Impact Home Buyers?
One of the largest real estate developers in Vancouver, Canada, is seeking creditor protection after accumulating more than $700 million in debt. The developer’s financial troubles have raised concerns among home buyers, who are worried about the impact this may have on the real estate market and their investments.
The Vancouver real estate market has been hot in recent years, with prices skyrocketing due to high demand and limited supply. However, the COVID-19 pandemic and the resulting economic downturn have hit the industry hard, with many developers and investors struggling to stay afloat.
The latest news about the Vancouver developer’s debt has raised questions about the stability of the local real estate market, and what this means for home buyers. If the developer is unable to pay its creditors and goes bankrupt, it could have serious implications for the industry as a whole.
One potential impact is that it could lead to a drop in property values in Vancouver, as investors and developers become more cautious about investing in the area. This could be bad news for home buyers who have already invested heavily in the local real estate market, as they may see their property values decrease as a result.
Another potential impact is that it could lead to a reduction in new housing development, as investors become more hesitant to invest in new projects. This could exacerbate the already existing housing shortage in Vancouver and make it even harder for home buyers to find affordable properties.
It’s important to note that the developer’s financial troubles do not necessarily mean that all home buyers who have invested in their projects will be negatively affected. In many cases, home buyers will have already completed their purchase and will have little to worry about. However, those who have purchased off-plan properties, or properties that are yet to be completed, may face delays and uncertainty as a result of the developer’s financial problems.
Ultimately, the impact of the Vancouver developer’s debt on home buyers will depend on a range of factors, including the specific projects involved and the overall health of the local real estate market. While there is certainly cause for concern, it’s important to remember that the real estate industry is inherently cyclical, and that there are always risks and uncertainties involved in investing in property.
Home buyers who are concerned about the impact of the developer’s debt on their investments should seek advice from experienced real estate professionals and financial advisors. They may be able to provide guidance on how to navigate the current situation and minimize the risks involved. It’s also important for home buyers to stay up-to-date with the latest developments in the industry and to monitor the market closely in the coming months.
The third 14:21 video:
Strange Behaviour In Vaughan, Richmond Hill & Markham Real Estate – Feb 8
Team Sessa Real Estate
Feb 16, 2023
Vaughan Home Prices, Richmond Hill Home Prices & Markham Home Prices for the week of Feb 2 – Feb 8, 2022.
Consumer debt hit a fresh record at the end of 2022 while delinquency rates rose for several types of loans, the New York Federal Reserve reported Thursday.
Debt across all categories totaled $16.9 trillion, up about $1.3 trillion from a year ago, as balances rose across all major categories.
Despite a decline in originations, mortgage balances increased to $11.9 trillion, up about $250 billion from the third quarter and about $1 trillion from a year ago. Originations for new home loans and refinancings fell to $498 billion, less than half where they were for Q4 in 2021 and a drop of about $135 billion from the third quarter.
Mortgage loans considered in “serious delinquency” of 90 days or more rose to a rate of 0.57%, still low but nearly double where they were from the year prior. Auto loan debt delinquencies rose 0.6 percentage point to 2.2%, while credit card debt jumped 0.8 percentage point to 4%.
https://www.cnbc.com/2023/02/16/consumer-debt-hits-record-16point9-trillion-as-delinquencies-rise-as-well.html
Consumer debt is about to become a huge problem. We have to see something break in the economy. It will start with a market sell off, but the bulls are still carrying the day.
𝗟𝗮𝘀 𝗩𝗲𝗴𝗮𝘀, 𝗡𝗩 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟮𝟳% 𝗢𝗻 𝗣𝗹𝘂𝗻𝗴𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗔𝗻𝗱 𝗦𝗼𝗮𝗿𝗶𝗻𝗴 𝗖𝗿𝗶𝗺𝗲
https://www.movoto.com/nv/89120/market-trends/
𝘈 𝘥𝘪𝘴𝘵𝘪𝘯𝘨𝘶𝘪𝘴𝘩𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘲𝘶𝘪𝘱𝘱𝘦𝘥, “𝘞𝘩𝘺 𝘣𝘶𝘺 𝘢 𝘩𝘰𝘶𝘴𝘦 𝘸𝘩𝘦𝘯 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘳𝘦𝘯𝘵 𝘰𝘯𝘦 𝘧𝘰𝘳 𝘩𝘢𝘭𝘧 𝘵𝘩𝘦 𝘮𝘰𝘯𝘵𝘩𝘭𝘺 𝘤𝘰𝘴𝘵. 𝘉𝘶𝘺 𝘪𝘵 𝘭𝘢𝘵𝘦𝘳 𝘢𝘧𝘵𝘦𝘳 𝘱𝘳𝘪𝘤𝘦𝘴 𝘤𝘳𝘢𝘵𝘦𝘳 𝘧𝘰𝘳 70% 𝘭𝘦𝘴𝘴.”