The Trickery Never Ends In Real Estate Sales: Let's List The House The House For $250K Less Than We Will Take
For the last 20 years Residential Real Estate has used some of the worst Sales Tactics
Not every Realtor does this but too many do it endlessly
Fake list prices
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For a hundred years Real Estate was sold by offering a house at slightly above the price you wanted & some back & forth negotiations happened & the Buyer & Seller arrived at an acceptable sale price
When GTA house prices went nuts in the early 2000's this concept died
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Instead houses were priced to attract an Auction
Multiple BIDS was the only way to sell a home
Real Estate Agents boasted about 10 bids, 20 bids 40 bids
At higher prices
In 2021 things were so crazy there was a BULLY offer
Before all offers were in a HUGE offer appeared
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246 New Construction Homes Sold In The GTA In January: Lowest Since 1981: WTF Is Going On Here?
Lowest in 45 Years? Even Though the Population is more than DOUBLE
This a truly disturbing number
Why is it happening? How did we get here? When will it return to normal?
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Let's start with a very important stat: 80% of GTA New Home Sales for the last 8 years are HI-RISE
Therefore if Hi-Rise Development stops New Home Construction stops
Once this Hi-Rise concept is understood the rest of the reasons for the New Home Catastrophe fall in place
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The Greenbelt creates an artificial moat for Development around the GTA that limits construction of Single Family, Semi's & Towns by dramatically increasing land cost for New Construction of those types of Housing by increasing land SCARCITY artificially
Another Day Another Bank Consolidation: Canada With Few Banks Wants To Have Fewer
Just a couple of days after the Fairstone purchase of Laurentian Bank, Equitable Bank aquires PC Financial from Loblaws
It's a smaller transaction but meaningful
It shows a pattern
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PC Financial was a good idea 25 years ago
Loblaws had millions of people moving through it's stores every month: why not sell them Financial Services & roll those services into a Loyalty Plan using a brand Loblaws had already spent millions to establish
No Brainer?
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At the time it did seem like a great idea
And it sorta worked for awhile
Then it started to whither
Because banking went all digital
Those kiosks in Loblaws weren't convenient anymore
Your phone is convenient
Other problems of being a small bank plagued PC
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Brampton House Prices Down 31% From Peak: Will It Go Lower? Why Did It Happen?
The TRREB system says Brampton house prices have fallen 31% from Feb 2022 to October 2025
$1.346M to $934K
That's a shit ton of losses, likely another 10% to 15% more to go
WTF Happened?
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Power Of Sales Happened
Lenders are taking alot of homes from Borrowers who cannot make mortgage payments & those homes need to be sold FAST
Why so fast?
Because lenders, half of them Private or Alternative Lenders (not banks) need the money back
And don't have a choice
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Once you are in the process of Court Ordered Power of Sale proceedings, the rule is you sell it, no changing your mind & rent for a year: the lender must sell
And most Lenders also realize the prices will NOT recover in 2026: so just SELL