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An honest approach to real estate investing: [ Ссылка ]

In this YouTube video, I discuss the resurgence of bidding wars in the Toronto real estate market. I analyze a specific listing in Mississauga that received 85 offers and use it as a case study to highlight key points about Toronto's real estate market.

The video covers topics such as seasonality, the broken real estate industry, high demand for properties below $1,000,000, and the misconception that bidding wars indicate a bull market. I also address the phenomenon of increased buyer activity in January and the subsequent increase in supply. I emphasize the importance of understanding seasonality and the need for experienced real estate professionals.

Timestamps for key points in the video:
- 00:07 - Bidding wars are back
- 00:11 - Case study of a property with 85 offers
- 00:27 - Lack of awareness about seasonality
- 00:40 - Bidding wars as a symptom of a broken industry
- 00:42 - High demand below $1,000,000
- 00:52 - Bidding wars don't mean a bull market
- 01:11 - Analysis of a deleted Reddit post
- 01:23 - Comparison to last year's spring market
- 02:04 - Seasonal price trend comparison
- 02:35 - Increase in offer nights during January
- 03:05 - Temporary state of excess demand
- 03:44 - Impact of bidding wars on buyers and sellers
- 04:14 - Price growth and skew in data
- 05:58 - Understanding seasonality and supply and demand
- 06:45 - Impact of increased supply on prices
- 09:38 - Economic waste of bidding wars
- 10:34 - Listing agent's role and representation of client's interests
- 11:14 - Disconnect between experienced and inexperienced agents

Watch the video to gain insights into the current state of bidding wars in Toronto's real estate market and to understand the factors influencing price trends and buyer behavior.

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