I've been investing in Bitcoin by myself. I'm not really happy with what's going on, just few weeks ago I lost about $7,000 in a particular trade. Can you help me out or at least advise me on what to do?
Thanks for tuning in and commenting! While not great by any stretch, its certainly not as bad as the media will have you think, the facts speak for itself!
Yeah, it looks like prices continue to go down on that building. Your listings sold for 455k in April, another one sold for 445K in May, another one just sold for 427K, but in higher level. Looks like a trend to me
Yup - in our charts, you can see the studio prices have come down compared to last year (but, admittedly, many small units aren't the best plans or exposures)!
I beg to differ with you when you say there is a serious supply shortage coming 2030 or even earlier. It has been discussed in many other channels that approximately 70 to 80% of the Condo Units are owned by Investors not end users. There is no shortage of supply, it is just that end users cannot afford the current prices and most of the units are hoarded by speculators and investors. You are projecting a immigration boom whereas the current government is trying to restrict the number of students and temporary residents. We are not sure what the next government is going to do when the sentiment in Canada is already turning anti-immigrant. How will prospective immigrants be able to afford the sky-high rentals when are not enough good paying jobs. Its a handful of investors and speculators that are driving the real estate market in Canada, not just talking about the condo market in Toronto. Till what point will these investors/speculators be able to sustain when Canada's future looks quite bleak from which ever way you look at it. The real estate market cannot be divergent from economic realities for a very long time. You are trying to pump up the market by saying the average condo price will reach 1 million in 2030 and singing the tune of the investors and speculators.
100 percent. Immigration initially puts pressure on rent prices but that peak has been reached. Ultimately prices are dependent on income and with inflation and a looming recession they won't be able to afford this. Prices inflated by cheap debt have hit there peak.
Thanks so much for watching and commenting especially with a different view point. We need to be able to have more discussions inclusive of different view points. Given our low birth rate and even lower levels pf productivity ( the biggest threat to our economy as recently out lined by the BOC) Canada needs strong immigration. Smarter more targeted immigration policy would be a great start despite all the rhetoric or which Government is in power immigration will continue.. It will be interesting to see how the market preforms with less then 5,000 new condos coming on line in a city that requires 40,000 plus. Anyways thanks for tuning in and I hope you are having a great weekend.
Even with the restrictions on immigration, the numbers are still enough to support stable prices for rent and owned properties . Also, Canada faces a serious problem for our CPP and other services if we stay the course with the current birth rates. We need immigration. Temporary workers don't solve the problem.
@@MyRU-vid-yb7xc Your not wrong we need immigration just less of it immigration does put pressure on rent prices but you're also correct that the majority of the appreciation in housing pricing is due to speculation due to low interest rates
Seeing some 399k 1 bed 1 bath 500 squ ft units lately. Is this just to get bidding wars going or are they actually dropping to those prices? ... That's almost 2018 price levels.
Not sure only low wage positions are soft. There is a lot of tech layoffs lately, many friends of mine lost their good jobs, for now they were able to find something else, but as it gets worse it can impact real estate more even with interest rates coming down, especially with fewer temporary immigrants to save the investors on the rental market
The facts are showing that prices on average are holding... Could there be a shift in the fall ( either way) will be interesting to see especially if the overnight is at 3.75% by end of year. Thanks for wathcing!
we have reached a stage were 2 people with good hair and a camera are telling people what to do and how they should think and spend the hard earned money. qualifications? none that we can see
Hi Stephen - good to hear from you! Admittedly, it makes me personally happy that you noticed the hair because it's a commitment with that Dyson Air Wrap! You're welcome to read our bios anytime on our website, and if people don't want to listen to our commentary - we're cool with that, too, TBH. We appreciate you chiming in!
Based on the charts it looks like 2027 will be the best time to buy a condo due to the future inventory shortage. So it does make sense to wait to see what’s gonna happen
It will be interesting to see how things unfold. We're just reporting on the data and are not sure if the horse will take off or just lie there, to be honest.
@@FoxMarinAssociatesToronto I believe reserve Bank will crack the whip to put horses to sleep if they try to get up. Affordable housing is a hot topic, what do you think is gonns happen if they see prices start to go up? I don't think they'll just keep watching if it starts. And if it does then other natural consequential factors will take care of it. I think we're seeing flat market for long long time with more probability of sustained correction. Smart investors are moving their capital in better performing assets. There's no doubt about it
If you look at GDP per capita which in my mind provides a better picture of the economy , we have been in a recession for over year now... thanks for tuning in!
The market is weak and rate cuts on the horizon as the big banks have run to Ottw. with an SoS lol ! Whether a Minsky moment is on the horizon is difficult to tell as the main city of the country but probability is up and depends on how many leveraged players need to get cleaned out lol ! Time will tell but not the time to be buying but watching
