My Unpopular View on the Toronto Real Estate Crisis (And Why I Disappeared)

追加: 2026-05-05

[00:00:00]Today, I'm going to be sharing with you a video that I recorded about 2 years ago, but never released. In it, I open up about some personal stuff, like my mom, leaving my team, why I stopped posting at the time, and I also talk about what I was seeing in the Toronto market back then. I'm releasing it mostly unedited. I did cut out all the likes and you knows because, you know, it's like I say these things way too much and it looks bad on camera. A lot of what I said about the market is still in play right now, and the personal side is just part of the honest picture of where I was at the time. I feel I owe it to my viewers. I stopped posting for almost a year not too long after this.

[00:00:38]It cuts off abruptly before I get into the market data because that data isn't relevant today.

[00:00:43]So, just consider this a time capsule of where my head was 2 years ago. Stick around till the end, I'll share some final thoughts on some important things you might want to consider. So, without further ado, let's get to it. Hello, everyone. Thanks for tuning in. I haven't posted for over a month now.

[00:01:01]Some of you've been reaching out and asking me what's going on, how come I'm not posting. And the truth is I haven't really been posting because I have been feeling extremely lazy and procrastinating on making these videos.

[00:01:13]Uh it does take quite a bit of time to to put together one of these videos. I'd say I spend at least like 15 hours plus on on one of my more polished videos.

[00:01:23]So, it does take that concentrated effort and I just didn't feel motivated to make any of those videos recently.

[00:01:31]And again, I have like a ton of ideas and stuff that I do want to get out there and share with you. You know, stuff that no one ever talks about and certain insights that I've gained from being in the business for over two decades. But, um yeah, that's that's kind of the reason why. The fact that my personal life I I do have a pretty complicated relationship with my mom.

[00:01:52]I've probably I've mentioned in one of my previous videos, I think. And that um she's dying of cancer right now, and there's really nothing I can do about it and nothing I can really do to salvage the relationship. Yeah, that's kind of where I'm at where I Maybe that Maybe that's affecting me subconsciously. So, that's kind of like dragging me down.

[00:02:12]Besides that, I really don't have any excuse cuz I the real estate market is very slow and um I don't know if you know, but last year I I was actually a team leader at this time and had a business partner. And uh you know, I was doing a lot more business than I'm doing right now. I dissolved the partnership and I kind of left the team. So, well, not kind of.

[00:02:34]I've actually left the team. So, for the past year, I've been working as a solo agent with a with a few administrators.

[00:02:41]That's kind of where I've been at for the past year and I just enjoy my new found freedom cuz literally I've been a team leader for about 9 years. A lot of that time was kind of invested in other people instead of, you know, just purely me so in my family. It's It's been quite an enjoyable 1 year having this freedom.

[00:03:01]I traveled for pretty much like three or four months of the year and then, you know, just kind of doing what I what I want to do and kind of picking and choosing who I want to work with. Just being really flexible with my lifestyle.

[00:03:14]So, that's been happening. So, I really don't have any excuse for not posting more frequently, but that's kind of the background of of uh and the honest truth of of why I haven't been posting. So, just been lazy at the end of the day. I do apologize. I will make an effort to do more content cuz like I said, I have a ton of stuff that I do want to share with you. With that said, now I wanted to kind of mention what's going on with the market and kind of my experiences of what I'm seeing so far. A lot of people have been reaching out for assignments.

[00:03:45]People have paid too much for their properties. Now, they're coming to closing and they can't get the financing to close. So, a lot of people are basically dumping their units and or trying to get them assigned uh before the closing so they don't have to go through any litigation with the developer. And some of these people I've been speaking to, they just paid too much money for their properties and literally there's no hope for them uh especially if they're closing this year cuz I don't see the market changing anytime soon to the extent where they can at least unload their properties.

[00:04:18]So, they're in big trouble and I really do feel terrible for them cuz honestly, I like to help people if I can, but if I can't, you know, I'll just I'll just tell them straight up. Hopefully, they get lucky with somebody else and they can hopefully move their property for them, but yeah, it's it's a lot of tough conversations cuz you got to kind of put yourself in the perspective. These people aren't greedy like real estate investors that the social media's like painting everyone to be and they're like laughing at them and kind of saying that these deserve this and teach them a lesson, blah blah blah. But, honestly, at the end of the day, they're human beings and they make mistakes. They get caught up in the FOMO. Uh they take bad advice. You know, they didn't do their numbers. Um they didn't even know Again, a lot of these people, they don't know what they don't know. Unfortunately, that's what's gotten them in this situation. It's actually a tragedy and we should actually be feeling sorry for them, hoping that the government does something to help these people out.

[00:05:17]Well, I'm not saying they should get bailed out, but they should at least start cutting the interest rates faster or something cuz a lot of people are going to get hurt as a result of of this. And I think people are learning their lesson. And I think a lot of people are the reason why that we're seeing so few buyers these days is cuz everyone's been like, "Whoa, wait a second. Prices are too high and the numbers don't make any sense." It's been like that for actually a couple years, but now that the interest rates are so high, like people are actually feeling it a lot more. So, I think that's happening and I don't think that having the attitude of like, "Oh, yeah, these guys deserve it. Greedy landlords and greedy investors, greedy realtors."

[00:05:54]Although, there are quite a few of them.

[00:05:56]And again, most of the real estate agents that I've known and I've associated with, they're actually nice people and they do want to help their clients. And again, they're they're they're all human, too, and they all got fed this information the real estate market is just invincible and they're basically repeating, regurgitating talking points and and they're being taught to believe this way. So, again, can you really blame them? I don't know, man. At this point in my life and [snorts] the more I live my life, I'm realizing that a lot of the stuff that I believed before wasn't true. And the older I get, the more experience I get, the more lessons I learn, the more mistakes I make, those events all teach me and help me grow.

[00:06:40]Like, I'm not the same person I was 2 years ago. I'm a different person than I'm a much more different person than I was 20 23 years ago. I'm a a slightly better person than I was 2 years ago.

[00:06:52]Hopefully, I'm going into the upward trajectory of becoming a better person.

[00:06:55]But, my point is what I'm realizing is a lot of these people, they're just trying to provide for their family. They're trying to provide a make a better life for themselves through real estate investing. Maybe they've got success from the previous years because the real estate market's just been crazy and and they've been making a lot of money. And now, you know, they just got caught up in that FOMO and that that mindset like real estate's going to go up forever and Toronto's like an invincible city, blah blah blah. And now, they're made a few mistakes and now, they're paying the price. So, you can't really blame them for for doing that. The right attitude to have is feeling sympathy for these people rather than condemning them. And don't get me wrong, there are those people that are super greedy and just complete and um think they're the Now, they're they're paying the price and those guys, whatever, they deserve it, okay? But, for the majority of people that I've met, they're just regular human beings, mom and dads, sons, like people that just want to have a better life. They worked hard. They saved up some money and they're investing it because they want to have a better life for their family and provide for them. And now, all of this the just hit the fan with the interest rate hikes and all of these failed government policies. I do blame the government, though. Like, the government is the cause of all of these problems cuz basically, they're the ones who set the policies.

[00:08:20]At the end of the day, ultimately, the responsibility does lie on the buyers cuz if the demand wasn't there, then prices wouldn't be where it's at. In that perspective, yeah, the buyers are the responsible people, but the ones who've enabled it was the government.

[00:08:35]Through when they locked down everyone during COVID, basically, people being locked in their small spaces now realizing, "Oh, you need a different space." And then all of a sudden, the work from home started happening and they're like, "Whoa, you know, I don't need a place so close to downtown anymore or the city. We can move elsewhere." After locking us down and you know, basically having nothing to do except consuming social media and the mainstream media, then all of these people are just bored out of their minds and realizing that the space that they're living in is is too small. And what do they do? They start looking at real estate properties and the the dropped the interest rates to I think it was from like 1.75 to like 0.25 or something. They they printed a crap ton of money. If you look at the M2 money supply, it just jumped during that period of time. And then, they released everyone out and be like, "Okay, you don't have to be locked down anymore." And people would just went out and went crazy with the real estate. And 2021 happened, which was like the best year as a real estate agent ever. And I I think every single agent I've talked to had their best year in 2021 cuz there were so many transactions happening. That's what happened and then the prices just went crazy and then all of a sudden in the start of, well, March of 2022, they're like, "Oh, inflation's getting out of control." And here we are today, okay?

[00:09:59]After 10 rate hikes. And then now shit's hitting the fan and people are losing their shirts. The government is slowly dropping the interest rates, but I think they need to get ahead of it much faster cuz a lot of people going to get hurt.

[00:10:12]And a lot of families are getting broken apart. And some of these people may consider ending their life because they can't handle the stress and pressure of what's going on. And it's actually a tragedy as I said. So, some you know, we should actually be sympathetic to these people. Seems like everything that's trending right now on social media with real estate is how much money people are losing. Sure, it's you know, it's it's interesting to see, but at the end of the day I think you know, we should show some sympathy to our fellow neighbors and our fellow Canadians. That attitude is a lot more positive and helpful than just be like, "Haha." And laughing at them. I I I don't really appreciate that attitude at all. I really don't appreciate this attitude to now even more than I did then. I've spoken to another 2 years worth of people whose lives have been greatly impacted by bad real estate decisions. These are our fellow neighbors and they deserve compassion and sympathy. I think a lot of the haters don't realize that the real estate market affects everyone indirectly. There are so many hands in the real estate pot [music] that it impacts our entire economy. And the negative effects are being felt by everyone. [music] If households have to pay more interest to the banks on their mortgages, guess what? They're not going to spend money at your restaurants, your shops, or your services. [music] Whether you like it or not, we're all in this together. So, let's show a bit of compassion. If you're curious about what happened with my mother, she actually passed away a few months after I made this video.

[00:11:45]I was fortunate though through the grace of God to see her in person before she left and I was able to reconcile [music] with her.

[00:11:52]That was probably one of the most important moments of my life. It woke me up.

[00:11:57]When the [music] person who brought you into this world, who showed you unconditional love your entire life, dies in your arms, everything else in life just seems meaningless.

[00:12:08]You understand how precious and delicate life really is.

[00:12:12]And you feel a lot of regret how you mistreated them, for the stupid and hurtful things you said. It's something I still struggle with myself. Why do I treat the ones [music] closest to me the worst while being nice to outsiders? I still can't figure it out to be [music] honest. I know it's wrong and I know I have to change, but boy, do they know how to push my buttons.

[00:12:34]So, if you still have your mom or dad around, I've lost both. Tell them how much you appreciate them. Tell them your story. Tell them you love them and give them a kiss [music] or a hug while you still can because one day they won't be around and that's for the rest of your life.