Mortgage rates are currently at an all time high since 2000(24 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
in my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@@bdegrds It would seem only 'not smart' individuals are breeding ? "Forecasting' of monetary policy trends as it relates to a "mort-gage" which loosely translated at Latin intends a "death-Pledge" to pay a Bank because you really don't own anything BUT a Mortgage.... regardless.... those skillsets would very clearly fall within the perview of actuarial analysis of Bond Markets/Global FX and macro fundamentals of either an economist with an advanced Phd Degree discipline or an Actuarial CIA designation in Canada with a specialization in trend analysis. Simple answer is NO.... a Mortgage 'Broker' is a salesman... Full Stop !
@@bdegrdsbecause they don’t have any solid data to prove one mortgage is better than the other. All they say is it’s your decision which doesn’t help anyone. An expert would use data to build a model showing audience the break even points. “Variable interest would save you this much If interests rate drop this much and the chances is x%”, things like that.
Mortgage rates are not the problem. We had double digit rates in the late 1980s and people still were able to afford houses. The ridiculous increases in housing prices over the past few years, not directly tied to any economic indicators is the problem. Houses have become investment vehicles instead of simply places to live. So glad our house is almost paid off - can’t imagine those trying to buy one today. 😮
So since CMHC had to issue 20 billion in long term bonds to stay solvent the next year is going to be interesting. What a shock it's going to be for some to find out that the 3 year locked in variable that you might not have paid off 1 dollar of principle.
Spoken like a renter Keep dreaming for the home prices to drop they wont People have been saying this since 1980 not going to happen GDP depends on the housing in canada whether you agree or not. People are still waitimg for a crash will not happen. Check out bonds markets Good luck educate yourself
@@Relaxlifeisshort2 really.. I bought a house in Arizona in 2012 for 76 thou Canadian.. had the in ground salt water pool. All stamped concrete around the pool and both patios all raised bricked in gardens with tropical plants on timers...2 lots r.v. gate 2 car garage 2 bedroom 2 bathrooms..master bath had both a massive tub and also a shower.. Arizona sits on the border so lots of immigration there.. it also had incentivised people all make the wrong decisions loaning money till it crashes.. same is coming..
@@Relaxlifeisshort2 ohh as far gdp.. I'm pretty sure your gonna see made in Canada and made in America starting next year happen a lot more.. Pierre and trump will introduce tariffs deregulate and start making something other then a new India here in canada
@@dougiep2769 again educate yourself US not the same. Shows you your education on realestate. Totally different here is a few pointers learn make notes. 1 st canada inly really has 2 markets vancouver and toronto and the rest dont realy matter most of population is all in sourhern Ontario Us has many options. 2nd the principle residents is tax free on gains in Canada in US its not they write off the intereat in the us 3 rd they have 30 year mortgages different math Get educated ask more question i will start charging. Learn I have been doing it for 30 years. Whether you agree or not about canada its fact. Good luck
Buy it in cash ! Be like many from outside of Canada. Never mind a mortgage just pay cash ! Foreigners are doing it by the neighbourhood so why not Canadians too. 😂😂😂😂😂😂😂 Open Canada to the world and ruin our own that’s what has been done with NO regard for Canadians.
