ReWoman👠
@REWoman
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Michelle Makos, BrokerOwner ~ Tweets are my own. Practicing real estate with ❤️🤍 and common sense.
Pickering, Ontario
Joined June 2009
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As the stock market tumbles, housing is cracking and gas is sky rocketing - let’s not forget our fearless PM is in Europe spending more of our money on unnecessary shit.
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So if they drop the vaccine passport, does that mean everyone who lost their job or is on leave without pay due to vax status gets their jobs back March 1st?
@fordnation
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BOYCOTT GoFundMe
They have announced they are taking everything except 1 million dollars and are distributing the 9+ million to charities they deem fit. I will never use their platform again.
#gofundme
#BoycottGoFundMe
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Toronto Small Business is fed up! I can’t say that I blame them on this one!
@joe_warmington
Thanks for sharing
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How can you rent random bikes during Covid but you can’t golf ? No one is wiping those handlebars. This is silly. Oh that’s right, this is government funded. It’s ok.
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You know something is wrong when your daughter says “I’m not celebrating Canada Day” this year (July1). What has it done for me? 😞
@JustinTrudeau
you must be proud! 🇨🇦
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So many homeowners borrowed against these inflated home prices with Heloc’s doing renovations, motorcycles, boats etc. now it will be time to pay the Piper. This won’t be pretty.
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This Country is in big trouble. People struggling to buy groceries and these clowns are getting billions for a company that doesn’t exist. Let that sink in !
Watch Chrystia Freeland get busted for skimming $2 Billion of tax payers money to invest in a company that doesn't even exist. One can only speculate which of her friends the funds were for?
Thankfully this Senator very clearly demonstrates how BS doesn't always baffle brains.
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A woman called me yesterday and said she needs a real estate lawyer because she is taking out money on her home to give to her son to move to Texas. Cash offer. She said he can’t afford Canada 🇨🇦... what on earth have we done
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How cool is this. Emptying out my parents home found the paperwork. They paid 15,170 with a mortgage at 6.5% … from 1964 1989. $101.62/mo. 🤍🤍
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So a 🏠 didn’t appraise. Buyers now have cold feet. Don’t have the money to make up the difference nor do they want to from the sounds of it. Lawyers involved. Buyers want a price abatement or they are going to walk. Lawsuits on the horizon. Real estate always go up they say.
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Two text messages last night:
Offer night came and went. No offers. What do I do? Never had this happen before. Suggestions? 🤦🏼♀️🤦🏼♀️…. Many agents haven’t worked in a real market where you have to price it correctly and market it and pray! LOL
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I think the issue with the BoC hike today isn't the rate because over history we have seen higher. The issue is the huge mortgages that people took on after being told rates weren't going anywhere and when rates were high, people weren't carrying 750K in DEBT on a mortgage or ⬆️
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People will one day owe more than their home is worth in this market when it corrects. It’s coming. If the market even corrected 20 percent it would wipe out everyone’s equity !
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If someone breaks into your home uninvited, I guess you’re supposed to just let them do what they want then and hide🤷🏼♀️. Nothing makes sense in this Country anymore. Nothing. 🤦🏼♀️
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Canadians are the biggest suckers going. Any other Country and they would take to the streets over all this nonsense. We just sit back and let them destroy everything we love while they profit. It’s so sad !
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Was at BMO on Friday and the investment guy there tries to tell me how SVB is like a “Mom and Pop bank” similar to a “Mom and Pop restaurant”. Are you kidding me? Does he think we are all morons 🙈
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People are leaving Ontario! Showed a house today and seller came up to tell me about her cat. I asked why you selling? She said we are out of here. Heading to New Brunswick! Ontario has failed! What is going on! Every week I hear this!
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Bank of Canada Expected To Hit Market With Two More Rate Hikes: BMO - Better Dwelling
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Spoke to a mortgage broker today and she said it feels like we are waiting for the dam to break .
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On behalf of myself & my Family, we want to thank you for all your messages. We will read every single one. it just is hard to read them and not have a meltdown. So baby steps for now as we grieve the greatest loss in our Family 🤍.
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Come on… who the hell is starting out buying a $1.9M home to start. Maybe a little common sense 😏. If the house had gone up $400K would they be on TV telling their story. Highly doubt it
Families who thought they were purchasing ‘forever homes’ were sold the dream. If people think this was a 2022 thing … you will be sorely disappointed. We will deal with this for the foreseeable future.
Welcome 2 Canada.
@JohnPasalis
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@6ixbuzztv
I would take every cent out of that bank! That’s disgusting. They need to mind their own business … it’s YOUR money
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4,544 sales in November with almost 70,000 Realtors in TRREB. Hang on to your hats.
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A past client wanted to borrow against their home and buy another home for investment because “everyone is doing it”. When I explained the market to them and where it was going, they listened but didn’t say anything”. Fast fwd. to yesterday, “we should have listened to you”
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This property was sold in the peak for $950,000 in multiple offers. Now it is Power of Sale. Listed for $766K now ... be careful what you wish for.
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Just left BMO. Went to close my account. It was not a lot of money. It just sits there so said give me a Money Order it’s fine and I will take it to my
Other bank. They said $9.95. I said I’m not paying that. Just give me cash then. Oh you can’t get it until Tuesday then.
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I think we are stuck between a rock and hard place now. If rates go down, prices go up and we start the game all over again. If rates go up, people will lose their homes and prices will fall because no one qualifies. Truly there is no winning in either scenario 🤷🏼♀️
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Let’s be clear - to all the Sellers out there - there is only ONE reason your house won’t sell —— one guess!
PRICE. That’s it. It doesn’t matter is you have a railroad in your backyard. It’s PRICE. Price it right it will SELL
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Name one thing that Canada is doing well right now because I can’t think of ONE! 📌Healthcare
📌Housing
📌Education
📌Finance
📌Inflation
📌Groceries/Gas
What a gong show!
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There aren’t enough agents that remember what happened in 89/90, everyone is comparing this to 2017. They are dreaming ! This is a lot worse and it won’t be rebounding as quickly as 2017 at all!
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Seriously? New listing comes out with snow in the pictures. If I was the Seller I would be livid. Take some damn current photos. This is why our industry has a bad name. It's June !!!
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Another one - seller has bought firm. Lists house. Gets 3 offers since listing. Won’t take any. Each offer is getting lower … some people need to get on Twitter. LOL 😆
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A fairly newly built Pickering Townhouse complex had 3 units doing Open Houses yesterday. The only person anyone saw was a lost Uber Eats delivery person. 😂. It was crickets 🦗
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And there you have it - $5,000 BONUS if sold before April 27...this is a Motivated Seller and/or a Panicked Agent. I haven't seen those for a few years. Don't tell me the market isn't changing.
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Canadian Banks Are Extending Amortizations Over 35 Years To Avoid Defaults - Better Dwelling
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Went for my 7 am morning walk and made a heart with Barry’s name. Later this afternoon went for a long walk along the Pacific Ocean and this washed up before my feet 🤍🫶🏻🪽❤️
#messagefromheaven
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I feel like we are playing “hot potato” when buying houses and when the music stops, you best be not holding that damn potato! 🥔
Sellers should take quick closings. The longer the closing - the greater the risk if you ask me .
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Yesterday went to Metro - lady beside me bitching she paid $9 for 4 peaches, lady on other side saying her bread was almost $5. Everyone is complaining about food prices … don’t worry you can cancel Disney Plus 🤦♀️🤦♀️🤦♀️🤦♀️🤦♀️. Oh the mentality of Govt. 🤡🤡🤡🤡
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Seeing so many of these lately. Looks like there will be a lot of lawsuits coming. 🏡❤️🩹
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Posted by one of our Managers who has been around even longer than me. LOL. Think about it
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The tide is turning - market is flooded with inventory. Buyers finally done with the nonsense of bidding wars. Price adjustments coming in weekly. Price adjustments eases the pain for sellers instead of Price Reduction. The next six to eight months will be very telling. ⚠️
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My daughter just got her first tattoo in memory of her Dad 🤍 We all called him Bear 🐻 … it’s perfect. He was always right behind her in everything she did …
#fatherslove
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Today we had to say our final goodbye to our sweet Carly …. We tried to save you but your heart couldn’t take anymore. Rest easy Carly. 16.5 years of unconditional love. 🤍🐾❤️
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If I see one more realtor post “record price” I’m going to lose my mind! LOL. I’m sure the buyers are happy you are posting they paid the most in the Neighbourhood. Can this NOT be about your sales and make it about people and their life savings! Rant over
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So many of these new listings the sellers have bought firm and now they are expecting the full on bidding war and it’s not happening. Now they are mad
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Bank of Canada needs more rate hikes to crush inflation: Scotiabank | Financial Post
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And another one just pm’d me - look what we are doing to our young Canadians 👇🏻
“Yup. I'm 33F, graduated debt free at 23 making $80k a year. Didn't buy at 25 so got screwed. Had to leave. “
This isn’t the Canada I grew up in! We need to fix this!
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Trudeau STOP giving away our money when Canadians are struggling. Charity begins at home. You are the worst leader ever ! I’m sure the Ukraine - biggest money laundering country in the world loves you though. Too bad they don’t vote! Just resign!
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Are you kidding me? Thanks
@PraladSalvi
for sharing. I'm sorry but you bought it... it's YOURS. No one should be returning your deposit !
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What’s even worse if when money gets tight many marriages fail. Then those houses will come on the market too. Between Covid and inflation and losses … many couples will go their separate ways …
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Just was offered 6% for 1 Year GIC non redeemable. That’s good 😊
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👇🏻👇🏻👇🏻
Mid 30s, Cdn born and raised, physics PhD, worked 5 yrs in US, returned in 2019 to start family in the country I call home🇨🇦. Now realize any young Cdn hoping to start a family has two options: be house-poor or be rent-poor. Thinking of returning to my old job in the US.
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So here is my take on Twitter and real estate posts. Some agents seem to think this is a platform to get business and advertise. I believe you need to go to Facebook/Tik Tok for that. This is real talk - minus the fluff. If you want to self promote, go take a FB ad. 🤣
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Listing on market 16 days - not holding offers - offer comes in at 96% of asking. Seller says I'm not even entertaining that. I will wait. What are you waiting for? 90% Some of these sellers need a wake up call.
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Today a good friend came by to say good-bye. Sold everything and is off to start a new chapter of his life in DR. So many good people leaving !
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Brampton detached home sells for nearly $250,000 under asking
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The Cancellations and ReLists are coming out like crazy. A new reality has set in. 😎
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If sellers hold offers and don’t sell - what makes them think relisting higher is the answer? I don’t understand this. If a car on the lot doesn’t sell for an advertised price, let’s price it higher and it will sell. 🤦🏼♀️🤷🏼♀️😂. Tough conversations need to be had.
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Bank of Canada says mortgage payments could spike as much as 40 per cent - The Globe and Mail
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I feel bad for the young people. How the heck can they pay these prices? My heart breaks for them. What are we doing? I want to help them make their dreams a reality but at what cost. As a Mom and a Grandmother it really bothers me.
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Well done JT and CF. You continue to run this Country into the ground. People would be nuts to immigrate here. Met some people on holiday here from overseas, they said How on earth can you afford you afford to live here. Keep up the great work 🤡
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Sold a property in September firm. Closing next week - now the agent calls and says “we need a 3 week extension” Here we go! 🤦🏼♀️
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You will never realize how all the photos you have will bring you comfort … take photos. We were never big on photos… I wish we took more of them. 🤍
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If you bought a home with 10% down. You don’t own the home. The bank does … the dream of home ownership in Ontario is slipping away for many.
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So I heard BMO was offering 3.3 rate for - get this, 6 months. Then what happens in 6 months? read the fine print people. It might get you in but then what. It’s a bait and switch
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Happy Heavenly Birthday Barry. You were taken way too soon and you made me a better person. We will celebrate you today and remember all the love you brought to our family and lives. Xoxo 🤍❤️🎂💋🪽
#Toughday
#LifeisShort
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Don’t worry, he’s going to fix everything 🤦🏼♀️… rates are “conditionally paused”. Oh yeah and before that, it was rates will be low for a long time 😄, now it’s Economy is still overheated 😉
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Homes are debt - not assets today. People are borrowing on debt to accumulate more debt … it won’t end well.
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Oh and by the way, the home that you paid 200K too much for - had some issues in the wind storm
#Oakville
#BuildersDreamHome
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This is real estate right now. Mar 22 1.5 (hold offers) Mar 29 1.85 (offers anytime) Today $1.689 (with big star on front photo saying no offer date). Get used to it folks! 🏡.
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Seeing lots of cancel and relists this month. I don't get the point in changing the price by $20K ... seems like a waste of time .. if they weren't getting action at $1.295, I highly doubt you are getting more at $1.275..🙈
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Remember JT saying “the budget will balance itself”. How’s that working out for us now? Damn people. Wake up. He is slowly sinking this Country !
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Bank of Canada to hold rates steady at 4.50% through this year
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A builder here is offering already purchased unit holders an additional $100K off purchase price with an additional $50K further deposit. 🧐.
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Some Sellers who have bought firm, can't sell - let the lawsuits climb. Many are just pulling them off the market. If you recently closed your home, consider yourself lucky. This is getting ugly.
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Something’s gotta give here! Everything is on tilt.
Rates, Crime, Healthcare, Politics, Credit, Inflation, Food Costs…. Every level of politics have failed! 🤦🏼♀️
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What on Earth is going on? I’m speechless. Probably because I’m choking on my business card. LOL. No comments necessary. 🤢🥴🤕
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Thanks
@ronmortgageguy
for this -
Sept 2020 to June 2022 Five - yr Fixed is up 226%
1.59% in Sept 2020 to 5.19% by next week
What a mess we are in for. 🤦🏼♀️😞
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Who remembers Consumers Distributing? We bought our wedding rings there for $89 back in 1987 😝😝😝
#catalogueshopping
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OMG CF is clown! $467 for a family is “meaningful money”for Canadians. 🤦♀️ Just go away! You are destroying this Country. Fiscally responsible? She has the nerve to utter that word? What a
🤡
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