Real Estate

Poll: GTA Housing Prices in 5 years

  • Last Updated:
  • Jul 17th, 2020 8:47 am

Poll: GTA Housing Prices in 5 years

  • Total votes: 72. You have voted on this poll.
50% or more higher
 
10
14%
25% or more higher
 
47
65%
No change or minimal change (+10% to -10%)
 
13
18%
Lower ( -10% or more)
 
2
3%

Poll ended at Jul 23rd, 2020 3:36 pm

[OP]
Jr. Member
Jan 9, 2016
149 posts
103 upvotes
Oakville, ON

Poll: GTA Housing Prices in 5 years

Make your predictions...
10 replies
Deal Addict
User avatar
Nov 5, 2018
2916 posts
5194 upvotes
Toronto
I think it goes higher, but I am all for it staying the same price. That means I can continue to buy more! Smiling Face With Sunglasses
Called the bottom.
Sr. Member
Jul 15, 2019
637 posts
487 upvotes
with a 5 year horizon, I'd say something around the 25% mark.
Deal Expert
Feb 29, 2008
15248 posts
11745 upvotes
Tarrana
We won't see the increases like we did in the past. I'd say 25% at best.
Banned
Apr 5, 2013
5810 posts
2984 upvotes
keenland
...in 5 years...almost back to sept 2020 prices...crash then slow recovery
Deal Guru
Feb 9, 2009
11605 posts
10096 upvotes
Up...by how much who knows.
Deal Addict
Jan 12, 2017
1404 posts
712 upvotes
mb7057 wrote: Make your predictions...
Heck, we'll be at 25% by next year. I think 5 years out, reapproach 25% but with some big pricing rebalancing by location based on how WFH plays out.
[OP]
Jr. Member
Jan 9, 2016
149 posts
103 upvotes
Oakville, ON
Would love to hear the rationale from the one person who thinks it will go substantially down.
Deal Addict
Jul 3, 2007
3451 posts
3771 upvotes
Toronto
the big barrier to homes going up more in the next 5 years than last 5, is the CMHC cap at $1 million.....

if they dont increase this cap , it will be harder to match the gains of the last 5 years...

the last 5 years also had big pops from the foreign buyer , flipper and pre-con spec boom...

all 3 of those are not happening again in the next decade imho.... we might never see gains like 2010 - 2020 again perhaps....

and the higher prices go, the harder to get in to the market ....
Banned
Apr 5, 2013
5810 posts
2984 upvotes
keenland
I stated my position on RE a couple of months ago...once all the handouts end..lets let the economy play out and see what happens...should take about 18 to 24 months AFTER the last fed handout ..

maybe I am wrong, but at some point when the fed feels that the economy can start to fight back again..they will let the chips fall for real and that will result in a lack of money.

RE gets driven by a strong economy and jobs...lacking that, the bar will adjust on rent, affordability , and Value....the rest , immigration, the fed, etc are all just band aids.

a lot of commercial RE has lost its value and that ripple will make its way through the system.

DT rentals?..to whom?..price adjust coming

its been 3 months since this started...not even long enough to gauge delinquencies ...not long enough to see which hotels and restaurants are going to be gone...not even long enough for a bank to inform you you are IN arrears!..where will the current economy create 3 million jobs?

money gone from GDP has to be created and there is nothing being created currently...the rest is just a band aid..

But I will not micro analyse ever piece of data from now till then... I will just watch the job numbers once free money runs out....that is the biggest key indicator

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