TAKING STOCK | Discussing Canada's housing affordability 

You are correct. With the help of an investing coach, I was able to diversify my 450K portfolio across markets, and I was able to create a little over $830K in net profit by using high dividend yield stocks, ETFs, and bonds.

Would you mind sharing some information on the adviser who assisted you? Since the age of 18, I've been saving for a pension through a company program. As I became more taxed, I enhanced my workplace pension with a SIPP (tax advantages). I'm now 50 and would like to aggressively grow my wealth; there are a couple cars I still want to drive and mega-vacations I still want to take.

Her name is Sharon Ann Meny can't divulge much. Most likely, the internet should have her basic info, you can research if you like

I don't think this issue will be as pronounced as people let on because a) the majority of borrowers don't borrow the max they qualify for, and b) I think it was like 50% of Canadian homeowners that don't even have a mortgage and just buy properties with cash. There may be a slight uptick in delinquencies, but Canada already has very low delinquency rates compared to the US and UK and their housing markets are faring just fine.

Thank you for sharing; I will need all the help I can get because I recently sold some of my assets in order to invest in the stock market.

Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.

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.

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

My CFA ’Melissa Terri Swayne’ , 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.

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

Fully agree.. but nobody wants to see it .. the channel tells what people want to hear not the correct info

Of course they need a good deal. How else will they make money? If you don't like it get your own down payment sites like the rest of us

unemployment is low and we're not in a recession

@@rosswoodie takes time for interest rates to roll through the economy. It's only the beginning.

Exactly, it doesn't take a rocket scientist to figure this out.

Young people are renting until much older ages. It has a lot to do with all of the Magic Money Printing.

True. And also new generation are career focused rather than owning home and stick to one place and job.

@@zomgoose I don't think young people who grew up in Canada are the ones renting. It's just that they own condos nowadays rather than single-detached. Maybe it's just a personal anecdote, but I did not come from a particularly well-off neighborhood yet like everyone I know in my age-cohort (early 30's) owns in the greater Vancouver area. The common denominator? Their parents' HELOC. Admittedly I got help in a similar way. You have a large wealth transfer happening in Canada and so all those kids who have parents who got into the market in the 80's and 90's are doing just fine. I do think the uptick in rental rate has a lot to do with immigration over the last decade.

@@apelle92 The young people I work with have all been renting, as well as myself. Unless parents use their paper equityin Canada, then the children will not own. Canada has become a country where you are rewarded based on whether your parents owned real estate instead of what you contribute to society. It is not a good path for society.

if you never sell then they never get their money

You would let him poop down your throat

I mean he’s way better then PP