0.25 drop is not going to make a difference big picture. We have to reduce taxes and stop piling up the deficit. As consumers stop buying stupid stuff and over extending ourselves.
Question: A: Do governments gain more power through peace? B: Do governments gain more power through chaos? I think we know what is being staged here with immigration that makes no sense.
Canada needs to flush this Federal Government and Pierre needs to send a message to the world Canada is back. Invest in our bank of natural resources and make Canada wealthy. Enough of the Woke vanity. Get back to majority rule.
Need an election now. We have lost all confidence in this current Trudeau government. Just replacing Canadians with Foriegn cheap labor at a time when we need wages to rise. Now removing the language requirement. Miller admits we can't trust any documents submitted by India nationals regarding criminal record checks so let's just let them all in. Totally makes sense.
There is no need to guess. It is already happening. My spouse was approached in order to get a letter in order to bring a friend's cousin here as a caregiver. As, PM said, prices should not go down, whatever it takes.
I'm so relieved to see someone who's using reason to push back on this. You nailed it on the caregiver program, may sound good but will translate into people abusing the system and straight up lying, with the added problem of putting the most vulnerable on harms way.
Hi! Some mortgage brokers are saying 0.25% cut in variable for each $100,000 it's about $15, but you are saying it's around $21. It's a different way, are you talking about a different thing, please? If you can explain it's $15 and why and how it;"s $21 and why? Thank you
0.25% interest cut on $100,000 = $250 annually in interest savings. Divided by 12 monthly payments, its $20.83 per month in interest cost savings. Payment wise it could be less as more payment will go towards principal reduction.
@@wiseoldowlshow Thank you kindly for your explanation. This way, all our clients, including yours, can understand the logic behind that simple calculation. Respect for what you do in the housing business, as always.
All this will do is convince the majority mindless debtors who were filling their diapers that everything is fine now. It's funny how not paying 70 more dollars in repayments can influence people so wrongly. In reality , nothing has changed of any significance. Mortgage rates are still 5-6%+ and credit lines still need repayment.
On the surface yes. Low sales can signify a change in the market overall though which can be problematic. People talk about scooping up cheap homes in a downturn, but what is most often missed is that you need to have the cash on hand before that happens. When home prices start falling, sentiment changes. People that are on a financial edge may try to sell their homes before prices drop too far, which in turn helps drives prices lower. Lending practices tend to get more restrictive, as banks want to reduce their risk. Buyers get more power, but the may also shy away, as buying in an environment where home prices are declining represents a major risk to their own finances as well. It’s only when prices and the economy show signs of stability again that you go back to the “good times” so to speak.
The rise in your home's monthly insurance cost will offset any savings with minimal cuts in interest rates. Also, the cuts dont impact fixed rate mortgages.
We are losing long-term care workers to other min-wage jobs. Nobody wants to deal with Dementia patients and people who need 'cleaning' for a $2 wage spread vs a person who stocks shelves at a big box retailer. Canada is completely Fk'd.
Multiply that by about 45 to convert to Pesos and alot of it goes back to the Philippines. When they retire, they go back to the Philippines. The don’t give af about citizenship, etc. It’s all about the $$$. Of course I am generalizing but the vast majority do this.
I’m a nurse and that care giver program will be abuse this field is not for everyone if Canadian care about their love ones y’all better step up when it count
You’re not the only one… I’d leave this joke of a country at the first opportunity. All it does is rob and stab in the back its youth. There is no future here.
Awesome and very knowledgeable video sir. What do u think will happen to housing market when there is a total stop on the immigration, don’t you think the amount of money people have spent to buy their houses will loose its value.
The government doesn't even help the people in canada now. Why bring more people in to do jobs that we have enough people here to do. Do the same for people who are trained and schooled here for homecare jobs.
You forgot to add the new rules for CAPITAL GAINS TAX. This will definitely get rid of the middleclass sector. All inheritance entitlements, trusts, gifts, etc. fall into this. Also more money for the CRA, as they restructure the BARE TRUST rules. The TAXMAN COMETH and the late George Harrison (R.I.P.) was right.
My buddy had to pay fifty dollars to get his toenails clipped. He does not have a medical condition, or requires special care or equipment. This is insane.
Where do you think Interest Rates are Headed?
My guess is rates will decline over the next 12-18 months. The pace depends on how the feds handles their idiotic immigration policies moving forward
0.25
0.25 drop is not going to make a difference big picture. We have to reduce taxes and stop piling up the deficit.
As consumers stop buying stupid stuff and over extending ourselves.
The municipality rules for construction are the real problem of the rarity of offering! Especially in the Toronto, Vancouver and now Montreal!
Question:
A: Do governments gain more power through peace?
B: Do governments gain more power through chaos?
I think we know what is being staged here with immigration that makes no sense.
order out of chaos, 33 degree. it's a NEW AGE
Read the book shock doctrine, it's 20 years old now, but it's still relevant
Canada needs to flush this Federal Government and Pierre needs to send a message to the world Canada is back. Invest in our bank of natural resources and make Canada wealthy. Enough of the Woke vanity. Get back to majority rule.
“Bold move”… Try disastrous move.
All we need now is another cut and the fed's to raise rates then welcome to the great Canadian peso.
@@bluesmansunnyfournier4727 Let it crash. I earn in USD
The Canadian dollar is toast.
Get ready see Cad trading with a 0.6 in front of it.
Maybe now I can afford to buy some beans to have with my pasta (pasta & fagioli dish). Yippee!
crazy talk.
Beans can be very nutritional , just don't mind gas.
Pasta with a lentil sauce is a real and delicious thing
Need an election now. We have lost all confidence in this current Trudeau government. Just replacing Canadians with Foriegn cheap labor at a time when we need wages to rise. Now removing the language requirement. Miller admits we can't trust any documents submitted by India nationals regarding criminal record checks so let's just let them all in. Totally makes sense.
There is no need to guess. It is already happening. My spouse was approached in order to get a letter in order to bring a friend's cousin here as a caregiver. As, PM said, prices should not go down, whatever it takes.
I'm so relieved to see someone who's using reason to push back on this. You nailed it on the caregiver program, may sound good but will translate into people abusing the system and straight up lying, with the added problem of putting the most vulnerable on harms way.
Awesome videos always look forward to them 😀
Hi! Some mortgage brokers are saying 0.25% cut in variable for each $100,000 it's about $15, but you are saying it's around $21. It's a different way, are you talking about a different thing, please? If you can explain it's $15 and why and how it;"s $21 and why? Thank you
0.25% interest cut on $100,000 = $250 annually in interest savings. Divided by 12 monthly payments, its $20.83 per month in interest cost savings. Payment wise it could be less as more payment will go towards principal reduction.
@@wiseoldowlshow Thank you kindly for your explanation. This way, all our clients, including yours, can understand the logic behind that simple calculation.
Respect for what you do in the housing business, as always.
All this will do is convince the majority mindless debtors who were filling their diapers that everything is fine now. It's funny how not paying 70 more dollars in repayments can influence people so wrongly.
In reality , nothing has changed of any significance. Mortgage rates are still 5-6%+ and credit lines still need repayment.
Why is low sale always bad.?
Its good from buyers perspective
On the surface yes. Low sales can signify a change in the market overall though which can be problematic.
People talk about scooping up cheap homes in a downturn, but what is most often missed is that you need to have the cash on hand before that happens.
When home prices start falling, sentiment changes. People that are on a financial edge may try to sell their homes before prices drop too far, which in turn helps drives prices lower. Lending practices tend to get more restrictive, as banks want to reduce their risk. Buyers get more power, but the may also shy away, as buying in an environment where home prices are declining represents a major risk to their own finances as well.
It’s only when prices and the economy show signs of stability again that you go back to the “good times” so to speak.
The rise in your home's monthly insurance cost will offset any savings with minimal cuts in interest rates. Also, the cuts dont impact fixed rate mortgages.
$16.5 per hours for caregivers!
We are losing long-term care workers to other min-wage jobs. Nobody wants to deal with Dementia patients and people who need 'cleaning' for a $2 wage spread vs a person who stocks shelves at a big box retailer. Canada is completely Fk'd.
Multiply that by about 45 to convert to Pesos and alot of it goes back to the Philippines. When they retire, they go back to the Philippines. The don’t give af about citizenship, etc. It’s all about the $$$. Of course I am generalizing but the vast majority do this.
I’m a nurse and that care giver program will be abuse this field is not for everyone if Canadian care about their love ones y’all better step up when it count
1000% agree
I hate Canada
Shit hole
You’re not the only one… I’d leave this joke of a country at the first opportunity. All it does is rob and stab in the back its youth. There is no future here.
Pierre will change sentiment short-term. There is no fixing this mess without a complete system collapse.
@@fillmorehillmore8239That's how I feel too. We need a hard reset and that's gonna require a cataclysmic collapse.
@@D4rkBl4de Can't wait!
Awesome and very knowledgeable video sir. What do u think will happen to housing market when there is a total stop on the immigration, don’t you think the amount of money people have spent to buy their houses will loose its value.
The government doesn't even help the people in canada now. Why bring more people in to do jobs that we have enough people here to do. Do the same for people who are trained and schooled here for homecare jobs.
Ugh 😣 what's happening in Canada
Simple,it means inflation and housing will go up.Rates should be going up.
They are after your job and that of your kids, they lowered the standards in every industry in canada to make a buck
Need a bold move to cut by 4 full percentage points in one go next
You forgot to add the new rules for CAPITAL GAINS TAX. This will definitely get rid of the middleclass sector. All inheritance entitlements, trusts, gifts, etc. fall into this. Also more money for the CRA, as they restructure the BARE TRUST rules. The TAXMAN COMETH and the late George Harrison (R.I.P.) was right.
My buddy had to pay fifty dollars to get his toenails clipped. He does not have a medical condition, or requires special care or equipment. This is insane.
If he doesn't have any medical condition or special care then why does he need someone else to clip his toenails?
@@humbledreamer88 He can't reach them.
More inventory is great, more choice.
Means nothing, end of story…..