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The Biggest Housing Crash In Canadian History

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  1. From the first 12 minute video:

    Some Counties in SF Bay area prices in 2 years low, what ChatGPT say about San Jose Housing Trend?
    408Home&Loan Inc
    Feb 20, 2023
    California Association of Real Estate Feb Report: Housing Market Update for 6 Bay Area Counties (Alameda, Contra Costa, San Francisco, Marin, San Mateo, and Santa Clara) + Sacramento County. Median price, home sales, current inventory, days on market for each county. Some counties showed median price in two years low. What ChatGPT say about San Jose Housing trend? Is it correct? How is housing supply and demand in San Jose today? How much was the sold price compared to listing price in last 30 days?

    The second 11 minute video:

    Real Estate Crash Cancelled? Are Bidding Wars Back?
    Honest real estate talk Vic Singh
    Feb 21, 2023
    Real estate market is very hyper local. Even within 1 city such as Toronto there are about 500 smaller markets. Not each market is doing the same. Some home prices have dropped more than others. So find yourself a good real estate agent and ask for stats for your neighbourhood. That will give you a good idea on whether it’s a good idea to sell your house this year or not. And same for buyers, you’ll see if it’s a good time to buy or not.

    Is the real estate market in the Toronto area going up or down in 2023? There seem to be mixed messages regarding the real estate market and home prices.

    Take a look at real estate stats for the Toronto area (such as Halton, Peel, Toronto, York and Durham) without any sales pitch and see how the market is really doing.

    See months of inventory, how long it’s taking for homes to sell, and much more.

    The third 16 minute video:

    Buyers Competing, Pushing Toronto Home Prices Up – Feb 15
    Team Sessa Real Estate
    Feb 21, 2023

    Toronto Real Estate Market Report for the week of Feb 9 – Feb 15, 2023.

    The fourth 11 minute video:

    National Home Prices Down Over $200K, 25% Decline, 2023 Canadian Real Estate Market
    Jon Flynn Broker of Record, Flynn Real Estate Inc.
    Feb 21, 2023
    Don’t get caught in the February House Buying Trap. CREA’s national statistics show sales are at a 14 year low and inventory is increasing. London, Ontario Home buyer’s Purchasing Nightmare and more!

  2. The savagely unhealthy housing market is over
    HousingWire|8 hours ago
    Two terrible things could explain why the days on the market are below 20 days. No. 1, a massive credit housing bubble in demand, which will pop eventually. Of course, we don’t have that now. However, the second is that inventory is simply too low …

    The usual winter home sales slowdown is back with a vengeance
    Crain’s Chicago Business|18 hours ago
    Home sales in January were not only well below the boom times. They were far below Januarys in normal years, according to a new report.

    Brisbane builder Pantha Homes collapses amid worst industry slump in decade
    The Australian|20 hours ago
    Liquidators have moved to take control of a north Brisbane construction firm as industry leaders warn the home building sector is in its worst slump in a decade … of cancelling the company’s licence. The Housing Industry Association’s latest economic …

    The 3 housing markets where values have fallen the most since last year, according to Zillow
    MarketWatch|17 hours ago
    Among the 50 largest metro areas, San Francisco, Sacramento and San Jose saw the biggest drops in home values year-over-year, followed by Austin and Seattle. San Francisco saw home value appreciation fall by 4.9% as compared to the previous year.

    Google village real estate development partner Lendlease trims staff
    East Bay Times|9 hours ago
    in downtown San Jose, would create a new neighborhood with up to 7.3 million square feet of offices; 4,000 to 5,900 housing units; up to 500,000 square feet of retail, restaurants, cultural, entertainment and art centers; 100,000 square feet of event space …

    Lloyds faces housing market chill as profit growth stalls
    Reuters|3 hours ago
    Lloyds’ closest domestic rival NatWest unnerved investors last week by suggesting both Bank of England rates and interest margins may already have peaked, dimming the outlook. Barclays’ shares also slid on its own disappointing outlook and a tough year for …

    ‘The Democratic Party in New York Is a Disaster’
    The New York Times|2 hours ago
    After losing crucial seats in the congressional midterms, a bitter civil war over the moribund state organization has spilled into the open.

    PacWest cutting 200 jobs at Civic real estate subsidiary
    National Mortgage News|13 hours ago
    The Los Angeles bank, which disclosed the layoffs in a securities filing, is undergoing a broader restructuring under its new CEO. The bank expects $30 million to $40 million of savings per year from the job cuts.

    TaskUs to lay off nearly 200 local employees
    The Business Journals|13 hours ago
    TaskUs is the latest company to announce layoffs in 2023. In January, USAA cut 130 employees from its mortgage services department. Two other San Antonio-based organizations, Pictsweet Company and the Southwest Key Programs-Casa Blanca, are eliminating 77 …

    Netanyahu orders his party to stop speaking against Bank of Israel governor
    Reuters|2 hours ago
    Israeli Prime Minister Benjamin Netanyahu on Wednesday instructed lawmakers from his Likud party to stop interfering with and speaking out against Bank of Israel Governor Amir Yaron and his interest rate policies.

  3. Mexico’s former top law enforcement official — once tasked with fighting the country’s drug cartels — was convicted in New York on Tuesday of taking millions of dollars in bribes from traffickers.

    Genaro García Luna, who headed Mexico’s federal police before serving as the nation’s secretary of public security more than a decade ago, was found guilty of cooperating with the Sinaloa cartel, which at the time was run by Joaquín “El Chapo” Guzmán, who is serving a life sentence in a U.S. prison.

    García Luna, 54, is the highest-ranking current or former Mexican official ever to be tried in the United States. He faces a prison term of 20 years to life.

    Among other crimes, he was found to have provided inside information to the Sinaloa cartel, facilitating the importation into the United States of tons of cocaine and other drugs and helping the cartel attack rival gangs.

    https://www.latimes.com/world-nation/story/2023-02-21/mexico-public-security-chief-genaro-garcia-luna-guilty-drug-cartel-bribes

  4. 𝗕𝗿𝗼𝗼𝗺𝗳𝗶𝗲𝗹𝗱, 𝗖𝗢 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗶𝗰𝗲𝘀 𝗖𝗿𝗮𝘁𝗲𝗿 𝟭𝟯% 𝗬𝗢𝗬 𝗔𝘀 𝗗𝗼𝘂𝗯𝗹𝗲 𝗗𝗶𝗴𝗶𝘁 𝗣𝗿𝗶𝗰𝗲 𝗗𝗲𝗰𝗹𝗶𝗻𝗲𝘀 𝗕𝗹𝗮𝗻𝗸𝗲𝘁 𝗗𝗲𝗻𝘃𝗲𝗿 𝗔𝗿𝗲𝗮

    https://www.movoto.com/co/80021/market-trends/

    𝘈𝘴 𝘢 𝘯𝘰𝘵𝘦𝘥 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘴𝘵 𝘴𝘢𝘪𝘥, “𝘐 𝘤𝘢𝘯 𝘢𝘴𝘬 $50𝘬 𝘧𝘰𝘳 𝘮𝘺 𝘳𝘶𝘯 𝘥𝘰𝘸𝘯 10 𝘺𝘦𝘢𝘳 𝘰𝘭𝘥 𝘊𝘩𝘦𝘷𝘺 𝘱𝘪𝘤𝘬𝘶𝘱 𝘣𝘶𝘵 𝘸𝘩𝘦𝘳𝘦 𝘪𝘴 𝘵𝘩𝘦 𝘣𝘶𝘺𝘦𝘳 𝘢𝘵 𝘵𝘩𝘢𝘵 𝘱𝘳𝘪𝘤𝘦? 𝘚𝘰 𝘪𝘵 𝘪𝘴 𝘸𝘪𝘵𝘩 𝘢𝘭𝘭 𝘥𝘦𝘱𝘳𝘦𝘤𝘪𝘢𝘵𝘪𝘯𝘨 𝘢𝘴𝘴𝘦𝘵𝘴 𝘭𝘪𝘬𝘦 𝘩𝘰𝘶𝘴𝘦𝘴 𝘢𝘯𝘥 𝘤𝘢𝘳𝘴.”

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