Welcome to my channel where I regularly discuss the Canadian Housing and Real Estate Market and things that affect it. My goal is to keep you informed as to current market conditions and offer my opinion based on factual ongoings and data that affects the current market. Everything on this channel is based on my personal opinion and should not be viewed as financial, legal, or trading advice, I advise all viewers to seek local and/or professional advice for your specific situation and circumstances. These videos are not intended to target individuals, businesses, or corporations already under contract with another real estate brokerage.
Thanks Jon, we have a supply demand issue in this country. Considering house prices have skyrocketed in the last 10 years the recent downturn has been muted. This cannot be overlooked. My view house prices will not crash, with a trend towards lower interest rates house prices will remain high.
Your thoughts on the Competition Bureau of Canada investigating the real estate industry for fraud, anti-competitive behaviour, and over-charging sellers and buyers by collusion? I was hoping for a Federal class action lawsuit that would actually punish greedy, corrupt agents, and clean out the swamp. I guess the Competition Bureau is better than nothing. You greatly benefit from unaffordable housing, at the expense of the rest of us.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor?
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
what should our ideal price be for our national avg sale? 1mill? 750k? 500k? - is there such thing as a price that would make all happy, young FTHB, life-long holder, investors? are investors the main problem?
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
@@user-nt-k91 This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@joynerberth7864 Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
@@WilliamsJoy-t7q I've experimented with a few over the past years, but I've stuck with ‘’Amy Lea Kohlert” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
@@joynerberth7864 Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Housing inventory has been low in both countries for a while, but now we’re starting to see increases. It’s like history is repeating itself-prices are high, and once inventory grows, prices tend to correct, sometimes sharply
But to say the market crashes every month seems like an exaggeration, don’t you think? Real estate isn't like the stock market where prices fluctuate dramatically on a daily basis. It's slower-moving
The monthly crash idea might be a bit much, but I think they’re referring to micro-corrections, right? Even if we’re not seeing a full-scale collapse, prices in some areas are dropping bit by bit. This could be the start of a larger downturn, like in 2008.
It’s more about how the market is adjusting month to month. If you look at some of the big real estate crashes in the past, it’s not like prices just dropped all at once-it was a series of smaller declines that added up over time. And with inventory rising now, that could be a sign of what’s coming next
!!my outlook on money changed when I realized someone making $400,000 can retire broke & someone making $80,000 can retire a multi-millionaire. With the current market movement, you have $100,000 to invest. Where are you investing it?
Same here waking up every 14th of each month to 210,000 dollars it's a blessing to l and my family... I can now retire knowing that I have a steady income❤️Big gratitude to Georgette Wong
How can anyone budget their own finances with this kind of volatility in the past 2 years? Life was so much easier to manage 1990-2000+ when there was more stability
We moved out to New Brunswick five years ago, retired. We love where we are, minutes from Moncton. Taxes are delusional, present premier is a puppet to the masters in New Brunswick. No rent control and if you own a home and want to challenge your property taxes, it's a sham. Finding a doctor, well it's who you know. Health care just like the rest of Canada, it''s below standards. Groceries are a lot higher and gas, for a province with a refinery are a sham as well. Realtors are very helpful; always ask what the property taxes are up front. I recommend you do your research.
Not just like the rest of Canada in regard to health care; we moved back to BC and even though it has its faults, its system and access to primary heathcare puts NB to shame.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
“ Melissa Terri Swayne is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky” for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850
I have a female advisor named Camilla Marie Fuller. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
When you show that avg residential sale price chart at about the 8 min mark it would be much more meaningful if you provided the relative change in price at specific time periods for comparison purposes.
Your comparisons don’t match. If you are going to compare your housing charts to the stock market, do it correctly. $52K swing on $250K is a 20% swing. $52K swing on $1million is a 5% swing. You are not comparing apples to apples here.
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
'Jessica Dawn Walters' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
We bought a house in 1989 in a prime area of Oakville. We would have been lucky to sell the same home for 20% less, 3 years later. When we finally did sell, almost 20 years after the initial purchase we got almost double what we paid. That's not a great investment but it was a nice place for my kids to grow up. Real estate has not always been as crazy as it has been the last few years.
I've sent you a couple of emails to your brokerage office and have not heard back. Maybe it's in your spam folder? I'm interested in looking at the Niagara region.
I’m still seeing so many people listing homes bought in 2021 (or even last year) for $100k more than they bought them for. Some sell and some don’t. It’s still a weird market. Refuse to pay more then 2019 prices.
@@jonflynn Jon come on lol. Honestly you’re either delusional or trolling. 2019 prices would need another 30-40% drop. We saw a 10-20% correction already and that was after severe rate hikes. Even intuitively it doesn’t make sense let alone from an economic stand point. Will you admit you’re wrong when prices just stay flat and eventually go back up? Just answer the question. Yes or no?
Great analysis Jon! Many don't remember the double digit interest and houses underwater, bankruptcies and people walking away in late 80's to 90's. Are we going to see this again!
Hi John love the show, one thing that nobody seems to talk about is the massif amount of debt the government's are carrying which has spilled over into the bank,s everyone keeps saying the banks are strong but I'm very skeptical about this position. Also there was a report that BCE bonds are in a junk position. The trouble with 95% of the realtors is they are salesman first. Remember this and stick to your principles thanks again
Making accurate predictions for the housing market is quite a task due to the uncertainty surrounding the Federal Reserve's ability to effectively reduce inflation and borrowing costs. This delicate balance must be maintained to prevent a substantial decrease in demand from buyers, affecting everything from houses to automobiles.
I recommend seeking professional guidance. The most effective way to build a well-structured portfolio is by working with an expert who truly understands the unpredictable, yet rewarding, nature of the market.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance advisors you could check out. We have been working with Sophia Maurine Lanting, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Since the yield curve has uninverted the 10 yr bond rates are rising. Most mortgages are based on this rate. Therefore yes short term rates are coming down but long term rates are moving up. So whoever is telling you mortgage rates will come down probably has no idea what they are talking about,
With trudeau's determined effort to collapse our GDP having been overwhelmingly successful, the only unemployment fears we may have in a recession is if Tim Hortons has big layoffs.
Buy the dip. In a previous video you showed how the bottom is in typically 12-18 months after the bank of Canada starts its rate lowering cycle. I think we're 4-6 months in.
Once again John. Great job, great data. I listened to John Cathcart recently. Is it just me? He talks rapidly and seems nervous like a person who is lying. I think he is a tortured man.
Bottom line is inflation effects the interest rates !! , what happens when internet are low ? , inflation goes up and what happens when inflation is high ? Interest rates goes up !
Do you support a wealth tax of 1% on Canada people who own more than 20 million dollars worth of assets? Wealth tax not income tax How does 1% of Canadians that own 25 % of the wealth in Canada affect your market? Do you think that the billionaires of Canada have a larger portion of the 22% more printed money? Thank you for your work. Very much respect ❤
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Stacy Lynn Staples for the last five years or so, and her returns have been pretty much amazing.
