Jon Flynn (@jonflynnrestats) 's Twitter Profile
Jon Flynn

@jonflynnrestats

Real data and opinions on Canada's real estate market via YouTube and Twitter

ID: 1649038100734136326

linkhttps://youtube.com/@jonflynn calendar_today20-04-2023 13:12:37

5,5K Tweet

12,12K Followers

103 Following

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GROK said this about interest rate cuts… “while lower rates might eventually encourage buying, in the immediate aftermath of rate cuts, especially if they're anticipated, buyers often wait for even lower rates. This waiting game reduces immediate demand, pushing prices down."

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Listed a house today and the seller was happy and impressed that we do everything ourselves (staging, photos, video, drone etc.) We find it easier this way than relying on and coordinating a bunch of other humans.

Jon Flynn (@jonflynnrestats) 's Twitter Profile Photo

Remember when they used to give million dollar variable rate mortgages for $3,700 a month and everyone thought they were rich?

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Has anyone tried withdrawing their funds from a mortgage investment corp recently? The amount of power of sales I see from some of them would concern me if I was an investor.

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The “self funded” ESA is desperately trying to avoid layoffs due to slowing construction that they’re now trolling Realtor.ca for keywords to target random homeowners for business. Shameful. Don’t go golfing tomorrow Joe, you will be getting a call.

The “self funded” ESA is desperately trying to avoid layoffs due to slowing construction that they’re now trolling Realtor.ca for keywords to target random homeowners for business.  Shameful. 
Don’t go golfing tomorrow Joe, you will be getting a call.
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Here's my take on list prices and strategies over the past few years... 2021/22 - List at market value, sell 5-10% above. 2022/23 - List 5-10% below market value, sell at market price. 2023/24 - List 5-10% below market value, sell below market value or no sale.

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Looks like the 80's were the best decade to buy a house using real money. By 2025-2026 we will be close to 80's pricing again. Your hard earned dollars are worthless. Real money has real purchasing power during inflationary times.

Looks like the 80's were the best decade to buy a house using real money.  By 2025-2026 we will be close to 80's pricing again.
Your hard earned dollars are worthless. Real money has real purchasing power during inflationary times.
Jon Flynn (@jonflynnrestats) 's Twitter Profile Photo

As requested % change from the peak for various areas/regions across Canada. If your area isn't included it's because the local board didn't provide timely or relevant data like the rest.

As requested % change from the peak for various areas/regions across Canada.  

If your area isn't included it's because the local board didn't provide timely or relevant data like the rest.