Toronto Real Estate 2022 Housing Market BUBBLE or INFLATION? Housing Crisis Explained | Adnan Feroz

Are we in a 2022 housing market bubble or inflation, or is it something else? What is really happening in Toronto Real Estate 2022 market? We explain the crisis in detail. People have been crying wolf of the Toronto Housing Bubble for the last 25 years, including most mainstream media.Show more

A lot of economists and their full-time predictions have fallen short on getting the Toronto housing Market to crash!

Let’s break the stereotype and dive into seeing what some of the factors are impacting the crazy housing prices in Toronto.

Are we really in a Housing Bubble?

What is that “X” factor that keeps making homes in Toronto extremely unaffordable?

What is financial health and how do Canadians measure up on a National Scale?
Watch the video to find out more!!!

I would love to hear what your thoughts are about toronto real estate 2022 in the comment section and let’s carry this conversation forward.

Resources:
Better Dwelling: https://bit.ly/3B0xXHy
Stats CAN: https://bit.ly/3B1A9hN

Credits:
Talent: Adnan Feroz
Director/Camera operator: Harshit Patel
Assistant Director: Harsha Patil
Editor: Harshit Patel

Additional Footage & Music by: Storyblocks, Envato Elements & Epidemic Sound

Adnan Feroz
A Serial Entrepreneur heading multiple businesses in Accounting, Coaching, Construction Consulting, E-commerce, Film Production, Marketing, and a Studio House. Also, crazy enough to be an Award-winning Real Estate Agent, a YouTuber, an International Bestselling Author, and a Podcaster.

Accounting: https://accountingdoc.ca/
Construction Consulting: https://adbinc.ca/
Film Production: https://waaizup.com/
Marketing: https://waaizup.com/

Real Estate: https://torontorealestatepro.com/
Youtube: https://www.youtube.com/channel/UCnnihWgs1DiCR5UBTC7iXlw
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Adnan Feroz: https://www.adnanferoz.com

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2021 CMAC report showed mortgage delinquency rates in Canada less than .25% this is the lowest level of mortgage delinquency‘s in Canada in five years in Toronto this rate is even less than .1% this is insane! A lot of people might say that this is because of the fact of government incentives and subsidies offered to people during the Covid time.
Let’s look into this deeper to see what consumer habits and consumer credits are like.
The average credit score of Canadians in April 2021 increase to 765 for mortgage holders and 753 for non-mortgage holders. This shows responsible lending habits of consumers rather than what is portrayed by the media, also according to CMS see the average bankruptcy navigator index which is a predictive score that estimates likelihood of likelihood of bankruptcies or delinquency‘s in the market in the next 24 months higher the score is the lower the risk is, our score right now for mortgage holders is 938 and for non-mortgage holders is 923 that’s the highest in the past five years.
That suggests a lower probability of bankruptcies rather than talking about the whole market is going to crash everyone is talking about the death in Canada but no one wants to take a look at what is our net worth.
Let’s dive into it a better dwelling article states median net worth for all Canadians is $329,000 in 2019 that’s 115% off from 1999 a report by Stats CAN states in 2016, 43% of Canadian homeowners had paid off the principal properties. They had no mortgage on their principal residence market report by CBA states, Canadians have significant equity in their homes averaging about 74% of their home value.
Can you believe that? Who is talking about this? No one wants to discuss! Everyone is so focused on the debt in our country that they forget to see how wealthy Canadians are.
Agreed that this is hugely in part due to the Toronto real estate 2021 prices but let’s break that down as well.
Let’s start by looking at housing demand in Ontario. Ontario is expected to see a population growth of 2 million people in the next five years part of this is due to immigration and part of it is due to natural growth. This factor is mainly responsible for keeping the housing demand strong and the buyers hungry for homes a strong demand leads to consistent growth and prices in the housing market.

#torontorealestate2021 #canadianrealestatecrash2021 #torontohousingmarket