@@surprisek3918 True. But even if the other scenario is just a lesser loss then we have to accept reality. There is NO OTHER choice other than the PPC for me... but they're not going to form government... for now I'll accept the reality of today's choices.
@@calgarycanada248 What possible difference will Peter Pocket Pool make? Come on, man, get serious. Conservatives love the rich and hate everyone else.
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed. The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift? Have you established your quantum system account, embracing the new paradigm? Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold? These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible. It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪 Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
Inflation never went down. All inflation numbers reported are on top of what has been going on in last few years. Ordinary citizen doesn't care about quarterly results. Their salary did not go up with inflation over years. That is what they are facing.
I've always wondered when inflation # is compared to..shouldn't it be from a defined point in history, and not last 1/4?. Otherwise its inflation increase based on the last inflation increase..so 2.9% + 2.7%, which to me is 5.6% total inflation.
The condo market in the GTA has already shown the beginning of a crash or free fall. 8100 + condos that are available that no one but investors would want to buy. $700K for a 1 bedroom shoebox in the sky??? WTF??? The crash is imminent. Get ready to have some dry powder to get a good deal.
"The crash is imminent. Get ready to have some dry powder to get a good deal..." I'll take things that many Canadians have been saying for decades for 50 alex.
@@Joe-mz6dcsee on the chart, where the price comes down 22% from pandemic highs... that's a crash. I'll take things that already happened, and are poised to happen again for 100, Alex.
@@Joe-mz6dc how can you not see that with Canada's declining GDP and people already struggling, that there's simply not enough money to pay off those properties?
Absolute nonsense. Are you even a Canadian? Most retirees with homes plan to leave them to their loved ones. And why would we leave Canada, and our family, friends, our relationship to the land, our history and culture? There's more to life than money, you know.
@@YoBoyMarcus Retirees fleeing in droves? How can they afford it? Have you seen the price of a drove lately? Inflation has put the cost through the roof! As for your ancestors who built the country, do you mean the Chinese slaves who died during the construction of the railway, or the SS officers who escaped after the war and settled all over the prairies? I realize it's hard to pin history down, but it helps if you read a few books. But don't worry; wherever you're going, whatever paradise of racial and moral purity you're hoping to find, I'm sure you won't be forced to read anything there either.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Bear in mind, until this year this same moron (Sean Fraser) was the IMMIGRATION MINISTER who brought us the immigration crisis and all of the knock-on effects from that (homelessness, rent affordability, violent crime, low economic productivity).
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed. The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift? Have you established your quantum system account, embracing the new paradigm? Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold? These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible. It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪 Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
Prices coming down to 2019 levels and staying there for about 10 years to allow wages to catch up to what were still high prices in much of the country would be ideal.
@@milhouse8166 that’s why I think a return to 2019 levels would be ideal. It would hurt people who bought since but it wouldn’t cripple the economy. This is in my semi-educated but certainly not expert opinion.
@@apprenticephil649 I plan on living in the home I purchased in autumn 2023 for many years. If I move cities I will sell for what the market will bear. If it is significantly lower than I paid I plan on renting it out. With the basement suite I should be able to rent for enough to cover my expenses. It is not an “amazing” house but it’s in a pretty desirable location so I’d like to own for life if possible. I feel very lucky to have purchased it.
It's called a correction. We need a correction. We needed a correction in 2009 but the gov't back then stepped in and pumped the market. We haven't had a correction since the 90s. We need to wash all of the investors out of the sector by taxing them at commercial rates and dropping the land transfer tax. It's been absolutely incredible that we've hardly seen a correction yet. And in Toronto that means 25-30% drop from here.
The interview critique was spot-on! It's frustrating when answers dodge the real issues. Your breakdown of the housing market dynamics was clear and informative. Great job!
If investors are allowed to purchase as many properties they can , then how system can ensure affordable housing is only for those who are in real need . Why we are not talking about to limit the number house purchase by any entity , Investor and agents manipulation play a big role in housing market crises for ordinary and working class of Canada
Your point is accurate and obvious, unless you're one of the many greedy speculators online who prefer to blame everyone else for the country's housing crisis.
Yesterday on Centris (Quebec real estate MLS), virtually all the new postings in the Outaouais were price reductions. Between $50k and $10k. I guess all the realtors have come to the realization that this is the last week of June, and as Jon mentioned and it's your last opportunity to try and sell before you either delist or wait and take a more considerable hit in the coming months.
A home here in Welland On. that you would assume would go for between 550 and $650,000, is listed at $299,900. My wife told me today that one of her friends sons put in an offer for 500,000 and the real estate agent responded by saying that they are not excepting anything under 600,000. Should definitely not be allowed in the material real estate board should really do something about situation like this. It makes the whole industry look cheap and fake!
Hose price are 30 to 50% to high. If prices don’t come down then the only people buying are those already in a home. Just look at the average family income and you will know why people can’t afford to buy at these prices.
Agree 100%. At least 50% cut. Can you imagine the money Justin- Sparkle Socks has made for him and his banker-investor buddies with these house increases.
There is zero chance housing would drop 50% from current prices. They have come down 10-20% from peak and are just flat now and with rates dropping the prices will stay flat and slowly rise. Canadian real estate fundamentally cannot drop significantly. Make more to meet the market or move.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, 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.
Yes increasing the supply of apartments will not affect detached housing prices in a nearby suburb.. that is true. However, increasing the supply of apartments will reduce the value of other apartments and increasing the supply of detached housing will erode the value of other detached housing.. this is especially true if the quality of the new supply decreases which is what is happening across the board with all housing forms.
So, houses will keep their value while getting more affordable??? There's only one way that what he says is true and it's through massive inflation and massive wage increase while not affecting real estate price, taxes, construction and maintenance cost. So, it's utterly impossible.
It's so infuriating to hear these people avoid talking about cutting demand by cutting immigration. They could improve things so quickly, but they won't. They don't care.
Whatever Trudeau or the minister say, you give them too much credit for having the power to influence prices. Their only powr it to spend taxpayer money, which would amount to gross interference in the markets, or change regulations, which they already did in spades, with limited impact.
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Christy Fiore 🇺🇸🇺🇸🇺🇸..
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of RU-vid videos about it but I still find it hard to understand
Supply does very little to put downward pressure on home prices. Its a superficial answer to help politicians get votes and municipalities get more tax revenue. Government is a tax hungry machine. Dealing with the root causes to the problem such as immigration, investors is political suicide.
Wages would need to be $150/hr to make Canadian house prices make sense in many of our cities. It is not going to happen. Our market should be allowed to crash. The government did everthing in their power for the past couole decades to inflate it to these insane levels.
The issue of regulation is that it targets demand or supply to try and address affordability, but most of the time it just increases inefficiencies, and the end result is higher costs anyway.
It's not a contradiction, they just want lower rates, which would improve affordability. The only way to build more affordable without directly subsidizing, is to build smaller and cheaper. Might be OK for rentals, but not for condos. Already too small, which will be a big problem in the future for growing families. There is exactly ZERO chance (+-0%) they can reduce the price of the detached homes. If they fall, it will be as a result of normal market forces: recession, interest rates , etc..
@@tharseopt7179 I don't believe in blaming immigrants, but just as a counter argument, Norway's population is the same now as it was at the start of the century, and their economy is just fine.
Seasonally -- yes -- summer prices typically cool relative to spring. What is your outlook for fall -- do you see enough factors contributing to an aggressive rise in prices in the fall (obviously versus summer, but comparing to spring 2024)? Rate cuts? Inventory dipping if buyers get into the market?
The CPI simple state basic need such as Food, Shelter, Clothing, Transportation, Healthcare, Education are all going up; these are not discretionary spending, its Gov't policy causing everything to be more expensive like Tariff of import goods, Carbon Tax, Capital gain tax, etc; that's why household good are going down, Alcohol beverage are going down; Tobacco, and Cannabis are going down; all because people having trouble paying for it.
If wages increase, inflation does. If enough homes are built, prices will drop.( supply/demand). We need 100's/ thousands of homes, but home value WILL drop, the only way homes become affordable. Am I wrong?
Young canadians will be able to afford homes when 1. There is a stop to mortgagr income documentation fraud at banks 2. Stop of money laundering into canada That's all is required to make homes affordable in Canada Connect banks with CRA for income verification
One reason why Trudeau could be pushing for ‘house values’ to stay high is so when these people sell their houses, the government will get most of the money (67% capital gains tax)
The only people playing in the market now are those who are in the game. New players can't get in. So, if the ones in the game can't sell, they also can't buy, which will be pretty devastating for some who HAVE to sell. Good luck to those who are over extended.
an owner occupied primary home is not an asset/investment. if you buy a second or more property for any purpose (investment, recreational etc.) and you realize a loss that's your risk and problem.
Sorry but homes will continue to go up all across the board in Canada! Even if there is a correction bringing the prices down slightly for months or a year they will just continue to rise in the long run! Up and down but in 10years they will all have end up by doubling again! Anyone saying different does not understand anything about money real estate in Canada And the multiple extra reasons why there is constant upwards pressure! If you cant afford a home buy a Triplex and use the lease’s to pass easily if you live in it You can put as little as 5% down! Then in 5years use the equity to buy a home! Use you brains ppl if a house is the goal it is achievable in 5years just like anything else you put your mind too! But dont pray for homes to go down and stay down…. They wont!
Nothing stays the same for long anymore. Canada became desirable to many groups from outside of Canada which created demand. Will money launderers always be drawn to Canada? Will Chinese money always be exiting, or will they decide there money is better off in China or another country? Will the future govt stop immigration for a number of years? Will wages go up to support higher rent yeilds for landlords? I have been investing for many years in companies, commodities and RE and since the Dotcom implosion money doesn't sit in one place forever. What I own now I didn't own 10 years ago (except my Microsoft) and I won't own in 10 years. Make no mistake, this is an investor driven market. If it wasn't it never would have exceeded 4x income outside of the GVA and GTA. will it still be a desirable destination for $. Or will something else surface that is perceived as smarter?
The gains from 2019 forward, where house prices doubled, were caused by stimulus, not fundamentals. That will bleed out of the system. However, everything was grossly overpriced as of 2019. It's a correction, not a crash.
You're right that this politician is slick and dances around specifics. Although, I do question if we heard the same interview? I ask because I distinctly heard the Minister say, without details, albeit how they intend to stabilize price increases for existing homeowners while introducing new homes at an affordable price for newcomers. Perhaps I read too much, but the Minister hinted at subsidies and grants for first time buyers while market forces stabilize wages, interest rates, and inflation. The interviewer pushed for details but essentially got the same answer. I listened 3 times and was disappointed I couldn't find a contradiction. But silly me, I don't sell real estate or have a vested interest in the province tearing up greenspace to build cheap cookie-cutter starter pods.
Only way to keep prices the "same" is to increase wages. Aka make the money worth less so you can buy a million dollar home and a $1000.00 hotdog at Costco...
I think his answer is very clear, if what you own is small condos yes the price may be affected if they actually do a good job, but if you’re better off and own anything more expensive you’re probably not affected, they just want to manage the lower end.
Time is the answer. Time will make house prices stagnate for a decade and then in 10 years houses will be affordable. Thats what he’s trying to get across without saying as much. People want affordable homes now and not in 10 years.
That is an answer. If you own a centrally located SFH, you are going to make a killing. If you own a suburban SFH, opening up supply will murder desirability in those areas. Value will trend to more central locations. Buying a $2.5 million home in Burnaby instead of Vancouver proper is asking to get hammered by the market. The same applies to Cameron Heights vs Glenora in Edmonton.
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed. The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift? Have you established your quantum system account, embracing the new paradigm? Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold? These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible. It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪 Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
jt loves this guy, cause he is better at word salad and shenanigan talk than any other minister. This guy has the ability to be a prime minister if he woild apply himself.
Why wouldn’t cry have an economic critic on to counter this fool! Wages have only increased 2% real inflation is 8%. Also, what about government accountability for staining taxes so high industry left Canada or Utilities charging so much for hydro manufacturing also left Canada!! Holds those who drive this market accountable!!!
Inflation number is manipulated because they don’t want to see another cut in July but okay in September after FEB cuts its rate for the first time, and another cut at year end. They will be multi cuts from 1-1.5% in 2025 to save the economy if the 2 wars ends. If not, inflation will be backfired again, we will see the worst housing and financial crisis 2nd half next year.
@@TT-fq7pl - no they shouldn't. How success have the government owned subsidized housing developments been? They are full of immigrants and welfare cases... is that where you want to spend your tax money? The government should relax the rules on home building and the market will take care of the supply and demand issues.
@@pauls4742 Ah, another compassionate idol-worshipper of the free market (which, by the way, has never been free). Yes, those greedy immigrants and welfare cases. Why should they get our precious tax dollars when those funds could go as more kickbacks to developers, corporations, and political hacks and insiders?
Ok I know I'm probably dreaming, but does anyone think Halton hills will drop? Or does anyone know where to go that isn't too overrun by mass immigration? I really don't want to have to move two hours out
They don't say it out loud, but they want to inflate away the debt, that's why he is hoping for continuously increasing wages (as he repeatedly mentioned), the houses can keep their current nominal value, but their real value will be inflated away.
Ultimately, we cannot know what the government plans to do about housing because saying anything one way or another is politically unpopular with homeownership sitting around 60%, so they will always keep us in the dark. But the views that housing should be a stable investment and that it should be affordable are completely reconcilable. If housing prices increase with inflation, or a little above, then homeowners would have a nest egg when they retire and speculators could still make money revitalizing areas that dropped against this trend, or by improving amenities in different areas. What is absolutely impossible is that housing becomes affordable without reversing some of the gargantuan gains of the last 5 years or so. That can happen with a nominal price drop (bubble burst) or real price drop (wages hugely inflate so 500k for a shitbox is a deal). Both will be painful.
The government destroyed housing yet people are quick to blame homeowners. What about the cost of everything else ? If you can’t afford a meal why does it matter where you don’t need it. This dude is putting me in a rage with his word salad .
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed. The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift? Have you established your quantum system account, embracing the new paradigm? Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold? These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible. It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪 Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
