Housing prices are unlikely to decrease until there's a substantial increase in housing supply. there's a shortage of millions of housing units in Canada, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply.
I sold a property in Q4 of 2023 and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, I've been looking at dividend stocks as an alternative., any idea if it's a good time to buy? I hear people say it's a madhouse right now.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Quality of life has deteriorated in major cities like Vancouver, Toronto. People of all ages are moving where they can get a better product without increasing their debt.
Technology is inherently deflationary and if AI massively helps the economy and it’s a big if…. Then rates will go back down, and I assure you this mania is not over because everyone in this fucking country only wants to buy real estate.
@@the_ikirumaybe it requires to wait for few years, sometimes the crush can be very slow specially when the government is doing everything to prevent it
Unless something like Chinese money laundering runs come back a bottom is far far away ! 3rd innings of collapse long way to go but Carney is at work so lets see lol POS 2x and needs to go much higher 15x ?
The home to income ratio is over 13 in Toronto. For 75 yrs it's hovered around 2-2.5.... what the market needs is a really correction. We haven't had one since the end of the previous correction between 1989-1997.
Not going to happen. Everyone is predicting the real estate market will start heating up in the next 2 months because of lower interest rates and the changes the federal government made to mortgage rules. And the long term trend of low housing supply vs. population growth is only going to drive housing prices higher. The market has already started to pick up. I have been trying to buy a condo in the suburbs of Toronto for the last month but have been unsuccessful. Every unit i try to bid on has had multiple offers.
@@hv3115 I'm not sure what numbers you are looking at, because the real estate sales are still dead. Right now, the real estate sector is tracking exactly what happened in the 90s after int rates went uninverted. So I'm not seeing a bottom yet at all. Not even an indication of a bottom. That change to the first time home buyers will not change anything at this stage. And quite frankly the gov't and the immigration numbers is completely unsustainable. Either the Liberals will keep adjusting their number much lower or they get the boot and conservatives do it for us. The whole immigration issue is far from settled.
Eco growth rate near 0% , no money laundering runs( HK'ers/ Chinese etc) and most trying to get away from Canada or barely hanging on lol ! Current rackets are mostly small time car thefts etc and money being taken out of Canada
I have stopped spending on anything but the most essentials. It was hard at first, but now it's become my new way of life. I invite you to join me, Canada is too expensive, so now I just save and invest in ETFs.
What a compliment that Bank of America consults you (John Pasalis) as their expert on the Canadian housing market. I presume they host the dinner in Toronto, since they consult the Cdn. banks as well?
As someone that just had to renew my mortgage, the difference in additional monthly payments really wasn't that bad. But I was approved under the stress test 5 years ago.
Its the prices, prices are the problem. People aren't buying because of the prices, not the monthly payments, not the invetory, not the interest rates THE PRICES ARE THE PROBLEM. Did i mention the PRICES?!
What do you call "Toronto"? Seems to be quite a discrepancy between the 416 area, which is doing fairly well and the 905 suburbs, which are mostly responsible for the slowdown.
@@dropdabeat442 20000 condos are coming on the market next year, not all investors can rent their condo so they will try to sell, so supply will go up and prices go down. 2-3% of condos are selling now and prices are down 7%-8% from l ast year, imagine what happens if 20000 new condos join the market.
@@dropdabeat442 Only 2-3% of listed condos are sellilng in the past two months and prices are already 7% down from last year. Investors are listing their condos for rent because they can't sell it. Next year 20000 condos are being completed in Toronto. Therefore more condo supply and investors can't sell them and can't rent them, therefore they will decrease price to get rid of them.
Condos in Downtown are unlikely to drop in price due to the area's high density. Prices will continue to rise, possibly accelerating even further due to the ongoing supply shortage.
From peak to trough, Canadian average home prices dropped 25 per cent between 2022 and 2023 and they will continue to fall. Similarly, the number of purchases dropped dramatically. With an avg. debt to income ratio of 1:1.80 most folks are broke. Just wait until those trigger rates kick in come 2025. This disaster is just getting started.
GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
John GOOD EXPLANATION!! Personally we will keep looking at homes Our preference is bungalow in North York these new mortgage rules may cause properties in the 1-1.3 million to appreciate. We will observe for a couple of months - our preferred timing is December January or February. Every few months we will revisit the option of moving to a different market. Longer term forecast 3 to 5 years 7 years predict much lower housing costs. there is huge dislocation coming as companies learn to implement AI - many tech corp are reducing staffing levels and this trend will continue. It's likely as other sectors figure out how to utilize AI productively there will be fewer and fewer workers needed in most companies - Service sector has been absorbing industrial and other job losses for the past decade or more I would hazard to guess we're not more than 5 years away from having a full size McDonald's with just one or two staff per shift to do odd jobs where it's not yet cost effective to implement a machine
As rates come down. Inventory will drop going into Xmas and when spring market starts it will start with lower inventory and lower rates which will have an impact on prices a little and demand picking up.
Extremely doubtful IMO. Housing market bulls were saying the exact same thing about the market after the first rate drop, and we know what happened there. The facts are the savings rate has imploded, GDP per Canadian is down 19% in real terms since 2017, and unemployment is already at 6.6% and rapidly rising. A few rate cuts isn't enough to compensate for that massive weakness. There's no such thing as a crystal ball, but the spring market seems more likely to cause many sellers currently on the sidelines to list, thinking that the hot market will return, only to find out it hasn't.
Here in the outlying area of Vancouver there was more inventory in the summer than there was in the spring. Normal rules don't apply in a declining market.
@@baseline6786 The whole "buyers on the sidelines" thing kinda reminds me of the old sasquatch stories from the 70s. Everyone knows someone who knows someone who has seen him, but no one has seen him themselves.
lets see, realtor games ghost bids. Realtors getting rich people to buy 2 homes at an inflated price so comparables are now inflated. Had realtors trying to get me to buy 2 houses at inflated prices saying " youll automatically make your money back and more due to inflated price. Buyers are tired of relators and their games.
This rant is so void of fact and data. Waste of time watching this. Shows no evidence. No failures. No data driven direction or conclusion. Just a tack.
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
Housing prices are unlikely to decrease until there's a substantial increase in housing supply. there's a shortage of millions of housing units in Canada, and construction isn't keeping pace. The constant demand for housing, coupled with population growth, means that even a slight price drop attracts numerous buyers who quickly absorb the available supply.
I sold a property in Q4 of 2023 and I'm waiting for a house crash to happen so I buy cheap. In the meanwhile, I've been looking at dividend stocks as an alternative., any idea if it's a good time to buy? I hear people say it's a madhouse right now.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Quality of life has deteriorated in major cities like Vancouver, Toronto. People of all ages are moving where they can get a better product without increasing their debt.
Liberal's immigration policy will transform our major cities, especially Toronto, into third-world hell holes, get out while you can.
Prices make absolutely zero sense for any working class person. Canada, the land of monopolies and parasite investors.
Realtors will claim people are not moving out as world revolves around Toronto and Vancouver.
Oh no, it hasn't deteriorated. It is in free fall. And I don't it's limited to big cities.
The mania has likely ended. It was a historic run though. Most bubbles don't last over 20 years.
Technology is inherently deflationary and if AI massively helps the economy and it’s a big if…. Then rates will go back down, and I assure you this mania is not over because everyone in this fucking country only wants to buy real estate.
But that doesn't mean that prices are coming down.
@@the_ikirumaybe it requires to wait for few years, sometimes the crush can be very slow specially when the government is doing everything to prevent it
@@the_ikiru they will! Wait and see
Unless something like Chinese money laundering runs come back a bottom is far far away ! 3rd innings of collapse long way to go but Carney is at work so lets see lol POS 2x and needs to go much higher 15x ?
What is happening?
Well over the last 15 years there's been a MASSIVE speculative bubble and now that bubble is popping...
Why would people focus on rates when the prices are what need to come down?
It is a distraction from the system to make you feel that once interest rate is down you should buy
Prices arent coming down any time soon.
@@hv3115 they already have and will continue to do so. already a 20% drop from 2022 highs, only way to go is down
@@hv3115 Where have you been for the last 16 months? Prices are down at least 20% and will be down another 20% within 12 months
@@hv3115 another one with a crystal ball hey, lol. Yeah well, we'll see won't we
The prices have peaked to max, they don’t math up with current income levels. The flippers have run out of steam as that madness was never sustainable
The home to income ratio is over 13 in Toronto. For 75 yrs it's hovered around 2-2.5.... what the market needs is a really correction. We haven't had one since the end of the previous correction between 1989-1997.
Not going to happen. Everyone is predicting the real estate market will start heating up in the next 2 months because of lower interest rates and the changes the federal government made to mortgage rules. And the long term trend of low housing supply vs. population growth is only going to drive housing prices higher.
The market has already started to pick up. I have been trying to buy a condo in the suburbs of Toronto for the last month but have been unsuccessful. Every unit i try to bid on has had multiple offers.
@@hv3115 I'm not sure what numbers you are looking at, because the real estate sales are still dead. Right now, the real estate sector is tracking exactly what happened in the 90s after int rates went uninverted. So I'm not seeing a bottom yet at all. Not even an indication of a bottom. That change to the first time home buyers will not change anything at this stage. And quite frankly the gov't and the immigration numbers is completely unsustainable. Either the Liberals will keep adjusting their number much lower or they get the boot and conservatives do it for us. The whole immigration issue is far from settled.
@hv3115 doubt it. It's too late to lower interest rates. The BOC raised them 2 years late and are lowering them a year late. Damage is done.
Eco growth rate near 0% , no money laundering runs( HK'ers/ Chinese etc) and most trying to get away from Canada or barely hanging on lol ! Current rackets are mostly small time car thefts etc and money being taken out of Canada
@@kevinn1158 immigrants are also grifting more to get quicker payback lol the canadian PP and gone ?
I have stopped spending on anything but the most essentials. It was hard at first, but now it's become my new way of life. I invite you to join me, Canada is too expensive, so now I just save and invest in ETFs.
What a compliment that Bank of America consults you (John Pasalis) as their expert on the Canadian housing market. I presume they host the dinner in Toronto, since they consult the Cdn. banks as well?
Thank you! Yes, they come up to Toronto for a full day to meet with the big banks, and I'm the opening act the night before ;)
You ever get the feeling that you got in at the end of something?
As someone that just had to renew my mortgage, the difference in additional monthly payments really wasn't that bad. But I was approved under the stress test 5 years ago.
What goes up fast can come down just as fast.
Up like an escalator, down like an elevator.
Not atm but waiting for that elevator with cables torn lol
Its the prices, prices are the problem. People aren't buying because of the prices, not the monthly payments, not the invetory, not the interest rates THE PRICES ARE THE PROBLEM. Did i mention the PRICES?!
There is a Chinese adage, borrow little and your are the loaner’s grandson, borrow a lot and the loaner is your grandson
What do you call "Toronto"? Seems to be quite a discrepancy between the 416 area, which is doing fairly well and the 905 suburbs, which are mostly responsible for the slowdown.
Prices of detached home will stay flat or increease 1%-2% next year. Condo prices are going down 7%-15% next year
what makes you predict the price drop 7%-15% on condos?
@@dropdabeat442
Too much supply, and more coming
@@dropdabeat442 20000 condos are coming on the market next year, not all investors can rent their condo so they will try to sell, so supply will go up and prices go down. 2-3% of condos are selling now and prices are down 7%-8% from l ast year, imagine what happens if 20000 new condos join the market.
@@dropdabeat442 Only 2-3% of listed condos are sellilng in the past two months and prices are already 7% down from last year. Investors are listing their condos for rent because they can't sell it. Next year 20000 condos are being completed in Toronto. Therefore more condo supply and investors can't sell them and can't rent them, therefore they will decrease price to get rid of them.
Condos in Downtown are unlikely to drop in price due to the area's high density. Prices will continue to rise, possibly accelerating even further due to the ongoing supply shortage.
It has to correct 25-30%
More than that in Vancouver
Bulls, bulls... hello bulls, where are you? Tell me again why 2 years ago you were telling me to buy your stupid condo?
To make money off you. Agents don't give a damn about you.
If you don t buy, realestate agent criminals will be homeless
From peak to trough, Canadian average home prices dropped 25 per cent between 2022 and 2023 and they will continue to fall. Similarly, the number of purchases dropped dramatically. With an avg. debt to income ratio of 1:1.80 most folks are broke. Just wait until those trigger rates kick in come 2025. This disaster is just getting started.
3rd innings of collapse long way to go but Carney is at work so lets see lol POS 2x and needs to go much higher 15x ?
Toronto needs to get the traffic under control complete gridlock city
GDP's already negative, the housing market's already crashing (see all-time high number of price reductions without any sales still), all-time consumer credit card debt, unemployment is skyrocketing and will surpass 2009's 10% peak. Homes and stocks will crash 60%. It's literally 3rd grade math. It was always inevitable. Already seeing it in every single asset class other than the Crypto market ....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Adriana Jensen whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Access to good information is what we investors needs to progress financially and generally in life. this is a good one and I appreciate
This is why it is advisable to connect with a true market strategist in order to avoid missing such opportunity and maintain steady gains.
The internet is filled. with so many useful information. about Adriana Jensen.
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I’ve been buying condos for the last 10yrs. Wouldn’t change a thing! Absolutely no regrets!
Cockroach 🪳
Fentanyl dale doing well Johnie.
@@danman-7419 Nonsense!
lol !
John GOOD EXPLANATION!!
Personally we will keep looking at homes Our preference is bungalow in North York these new mortgage rules may cause properties in the 1-1.3 million to appreciate. We will observe for a couple of months - our preferred timing is December January or February.
Every few months we will revisit the option of moving to a different market.
Longer term forecast 3 to 5 years 7 years predict much lower housing costs. there is huge dislocation coming as companies learn to implement AI
- many tech corp are reducing staffing levels and this trend will continue. It's likely as other sectors figure out how to utilize AI productively there will be fewer and fewer workers needed in most companies
- Service sector has been absorbing industrial and other job losses for the past decade or more I would hazard to guess we're not more than 5 years away from having a full size McDonald's with just one or two staff per shift to do odd jobs where it's not yet cost effective to implement a machine
Thank you. Happy to hear you found it helpful
As rates come down. Inventory will drop going into Xmas and when spring market starts it will start with lower inventory and lower rates which will have an impact on prices a little and demand picking up.
Extremely doubtful IMO. Housing market bulls were saying the exact same thing about the market after the first rate drop, and we know what happened there. The facts are the savings rate has imploded, GDP per Canadian is down 19% in real terms since 2017, and unemployment is already at 6.6% and rapidly rising. A few rate cuts isn't enough to compensate for that massive weakness. There's no such thing as a crystal ball, but the spring market seems more likely to cause many sellers currently on the sidelines to list, thinking that the hot market will return, only to find out it hasn't.
Here in the outlying area of Vancouver there was more inventory in the summer than there was in the spring.
Normal rules don't apply in a declining market.
Buyers are on the sidelines, waiting for prices to drop before making a purchase, a major housing shortage looms on the horizon.
@@ElectronicWasteland-p2x eventually when rates become attractive ppl will jump in relatively quickly.
@@baseline6786
The whole "buyers on the sidelines" thing kinda reminds me of the old sasquatch stories from the 70s. Everyone knows someone who knows someone who has seen him, but no one has seen him themselves.
Speculators need to lose
lets see, realtor games ghost bids. Realtors getting rich people to buy 2 homes at an inflated price so comparables are now inflated. Had realtors trying to get me to buy 2 houses at inflated prices saying " youll automatically make your money back and more due to inflated price. Buyers are tired of relators and their games.
This rant is so void of fact and data. Waste of time watching this. Shows no evidence. No failures. No data driven direction or conclusion. Just a tack.
Toronto needs to get the traffic under control complete gridlock city