HOUSING CRISIS | Expert warns interest rates alone won't repair supply and demand

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Mortgage agent Nick Hill says the housing crisis is simply an affordability crisis for eager homeowners across Canada.
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Опубликовано:

30 июл 2024

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Комментарии : 101

@JonathanRogler 26 дней назад

Sustainable immigration policy needed

@georgesimon6041 26 дней назад

Zero

@RepublicOfWesternCanadaNOW 25 дней назад

Immediate deportation policy needed.

@gorgeousgeorge5173 26 дней назад

in 2015 we had 35 million Canadians. 2024, we have 41 million Canadians. We built around a million homes during the same period (new builds minus dilapidated builds). This isn't finance or economics, its elementary school math, which Liberals failed.

@enitefall 26 дней назад

They have 'failed' the same in all Commowealth countries.. such a coincedance.

@ransom182 26 дней назад

Massive blame must also be put at the feet of municipalities and Provinces. Stupid, restrictive zoning, glacially slow permitting, idiotic, neverending public consultations, and a general embrace of NIMBYs over the needs of everyone else. Let's be fair and complete in who we should blame.

@butwhytharum 26 дней назад

@@ransom182 But being rational doesn't play into people's emotions to get me elected...

@jumbome7420 26 дней назад

@@ransom182lol oh how you liberals just look passed the main reason. Trudeaus imports. You’re welcome

@worstknightmayor4439 26 дней назад

@@butwhytharumgrow a brain!! To many immigrants take to many homes. They stay where they are.

@TML-pm8fz 26 дней назад

If you want housing prices to go down write your MP and tell them to massively reduce Canada's massive immigration problem.

@almontoya5703 26 дней назад

Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.

@joshfelice2337 25 дней назад

Please stop referring to mortgage agents as experts; it's just a three-week course

@SARugby1 26 дней назад

Do you know how they could boost supply? Lower demand. Bringing in over a million immigrants a year has inflamed all of the existing problems. Housing, medical workers shortages, public infrastructure and more, has all been made worse by our current immigration policies. Instead of flooding the country with immigrants from the third world, we need economic reforms because without it, the business class will continue lobbying for mass immigration

@Stoich827 26 дней назад

DEEEEEEEEEEEEEEEEEEPORTTTTTTTTT There, fixed it!

@jumbome7420 26 дней назад

Well of course interest rates will do nothing to help the supply. Stoping all immigration will

@RepublicOfWesternCanadaNOW 25 дней назад

Stopping AND reversing immigration.

@Martin-qm2lg 26 дней назад

It comes down to a terrible government crisis. Vote out the government responsible for this: Liberal/NDP.

@user-xs9ij7rr9f 26 дней назад

So what you are saying is if poilievre wins then those that own homes will lose their investment because the price will drop???

@jozefciszewski2074 26 дней назад

Way too many experts 😂😂😂

@Dot-he2ke 26 дней назад

Yet none could build a home.

@rosieone5670 26 дней назад

Crisis, What Crisis. Nobody in real estate sales or mortgage lending screamed Chicken Little when “ Sold Above Asking” was running rampant. Now that the market is a mess, all the roaches are blaming someone else.

@thetranspiredones 26 дней назад

Deport!!!

@cabbagedestroyer1693 26 дней назад

Last year' there were 250k home start-ups total (not completed, just 250k planned homes that will be started soon or just started or is being constructed) and 1.2 million immigrants (not counting refugees or anyone who overstays their visa). I wonder what is causing the housing and rental price to go up and up while causing rental conditions to get worse and worse?

@almontoya5703 26 дней назад

@alanv3185 26 дней назад

@@almontoya5703 Foreign owners make up a very small percentage of the overall Canadian real estate market. Any politician promising to ban foreign home owners from buying properties is only playing to the wishes of an ill informed voter class. It makes it look like the politician doing something while in reality it will have a very minimal effect since foreign buyers only represent 4-6% of the entire Canadian real estate market. Or at least that was the number in 2023. Not sure what it is rn.

@user-xs9ij7rr9f 26 дней назад

poilievre owns a few homes and rentals. You think he is going to do something so he loses money....lol

@cabbagedestroyer1693 26 дней назад

@@alanv3185 New permanent residents are not considered to be foreign owners.

@alanv3185 26 дней назад

@@cabbagedestroyer1693 And a ban on foreign ownership doesn't include them

@Aitch-102 26 дней назад

It's taken you 5 years to work this out...

@RC-fh2lk 26 дней назад

Wages in Canada are just too low..it’s as simple as that.

@whytho5732 26 дней назад

Wages have nothing to do with house prices. It’s immigration and foreign investment. Don’t be fooled to think immigrants don’t have money, many are from very very rich families.

@Enncore 26 дней назад

Yes compared to USA we are paid very less for the same role and work 🤦‍♂️🤦‍♂️

@jumbome7420 26 дней назад

@@Enncoreyea that’s completely false. We are paid higher than Americans at almost every job. For instance I as a school custodian in Canada makes almost what the average teacher does in the states

@Enncore 26 дней назад

@@jumbome7420 in Information Technology it’s not the case

@shauncameron8390 26 дней назад

@@jumbome7420 But we pay higher taxes leaving behind less disposable income.

@jimmyhat3438 25 дней назад

Price's are fuking rising in my town again lending hasn't been restricted and interest rates fell short of being affective. This guy's lieing this is hyperinflation

@spacelabgames 26 дней назад

Home sales and overall demand are at an all time low and interest rates have risen...yet home prices remain high. There's something terribly wrong with the housing market in Canada.

@Enncore 26 дней назад

Yes terribly wrong because income we get and price of homes /rents doesn’t balance hence lot of chaos in the country…

@EvansBoy1992 25 дней назад

No but at least it stops the "investors" from having their tenant pay 100% of their mortgage.

@lostmoose9994 26 дней назад

Compare those astronomic figures to the 20ies, 30ies,....to 70ies. They built stumphouses after the huge trees got harvested or they used pallets to build really nice little homes which stand till today.

@oleksii1406 24 дня назад

The main problem is that in 3 years house ( plywood box) price rised from 300K to 500 k or from 800K to 1.5 Ml. Those increasing has to happen in 10 years but not in 3 y. How family of 2 working adults who make 70-120k per year can even think how to afford own home.

@zomgoose 26 дней назад

The Mass Immigration Crisis

@helpothers-afriendinneedis5112 17 дней назад

Most of the developed nations have housing costs similar to Canada. For example, in Helseinki Finland, Seoul in South Korea both of which I have experienced. Canada, being a developed nation, its prime cities like Vancouver Toronto, goes by similar house price hike.

@Russelbobby45 18 дней назад

*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*

@sanggu3423 18 дней назад

That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?

@RobertDavid212 18 дней назад

I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.

@JohnMichael007 18 дней назад

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

@chrisjoseph6466 26 дней назад

When the support payments to favored newcomers dwindle the exodus will correct this demand in short order.

@fixitright9709 24 дня назад

Here in the United States Mass immigration is the number one reason why the average working class Americans can't afford Or find a house, A $250,000 1000 square-foot shack is half their monthly income, But They are being gobbled up by newcomers these homes are not worth $250,000 These homes are at least 80 years old and have a lot of lipstick put on them from flippers, if you got money Though there are plenty of rich folks house available

@markbrady711 26 дней назад

Now we hear they're planning to tax primary residences with capital gains.

@Dave-gy5mv 26 дней назад

They really are demonic.

@StuntDonk 24 дня назад

Cities should have the power over immigration and commuters

@jeffotoole4509 26 дней назад

So what you’re saying is I have chance of buying a house?

@Enncore 26 дней назад

Let’s forget to buy home at least our next generation kids should be able to buy is my thoughts 😞😞

@LS-ih7dg 24 дня назад

I would like to see a story/ news coverage on Organized Crime in Canadian real estate

@rahulminhas7882 25 дней назад

Time to leave Canada, it’s cooked

@salvvilona9078 26 дней назад

welcome to Trudeau world

@nimaakhtarkhavari8766 26 дней назад

DUHHHHHHHHH...

@LS-ih7dg 24 дня назад

Could we please talk about other towns and cities in BC.

@robertpaterson3229 22 дня назад

Austin Matthrews really taking his side hustle seriously

@huskavarnaband 24 дня назад

I can build small cheap homes. But nobody wants me to do it. And I actually don't have alot of work. (Vancouver)

@pismomann 26 дней назад

NO ONE IS MOVING. this is 1979-1991 all over again.

@S_387a 26 дней назад

Yeah ❤

@MichaelThoman 26 дней назад

One way to reduce the price of homes is to eliminate HELOC’s and making a house the place you live not an ATM.

@Enncore 26 дней назад

Exactly 💯

@butwhytharum 26 дней назад

Bingo. 1000% this... Everyone screaming immigrants aren't looking at the ones gambling with their leveraged homes.

@almontoya5703 26 дней назад

@jumbome7420 26 дней назад

That will do nothing to help the supply

@Enncore 26 дней назад

@@almontoya5703 well said we will be very happy if this happens 👏👏

@Eric-lx8hp 24 дня назад

I'm ready to jump in back into the market just waiting for the 2008 prices to come back😂

@MrS7ON 20 дней назад

Its all by design. Its happening around the world.

@Sigma4Life972 23 дня назад

Love it !!! Ask jagmeet Singh and Trudue for help.

@jody-ne7xs 25 дней назад

BYE BYE CANADA in RUINS! SPENT!

@DanDaMan_966 26 дней назад

All these experts and no one knows how to fix it

@RouRoro 21 день назад

Crisis for flippers indeed 😂

@Leceister4231 22 дня назад

This guy looks like stuart skinner oilers goalie

@rgen28 26 дней назад

I think social housing is only way.

@freestylefranc2653 25 дней назад

looney country aka trudeaus canada😂

@jaygar9368 25 дней назад

keeps bringing...so called victims all around the world....

@seanyoung5397 22 дня назад

A mortgage agent is not an expert, they are a salesman. Of course they are going to have bias.