Politicians and the real estate board are misleading . Number of homes is irrelevant if not affordable. Graph house prices vs wages since 1970. Do every ten years. You will be shocked. House prices rose on a 60 year pace in the four years.
I think his father was also working for this global elite cabal agenda clearly visible now. WEF infiltrated government, Marxism pushing all this vulgar perverted sex and groomed their brat to continue. The push for from his swinging perverted parents (someone appointed to run a country and put their screwing swap partners while running a country hellooo WTF?! Acknowledgement of Cuba and Castro allowing Canada to do business there with travel plus their love for monster (and he was starving murdering etc etc his impoverished imprisoned, slave citizen’s. This alone should be a big fat red flag.
I fully agree with Steve Tabrizi (who I know). The best Realtors have spent many years building their business, building their reputation. It's healthy to see the "thinning out"
Rate decreases puts all the retirees into the poorhouse. Soon they'll be more retirees than workers and most of them will end up destitute all thanks to falling interest rates.
@@AnitaSridhar In the baby boom generation of the 1950's and 1960's that would be true but now as retirees outnumber workers rate cuts hurt more people than they help and helping someone with a zero net worth is not helping them or anyone else.
Me either until today. I thought that’s another big spike and then checked how was PM and what do you know, old man Trudeau was cooking the books back then.
Yup. The population spike in the late mid 70s also caused what was at the time the highest recorded inflation. Real estate prices skyrocketed, interest rates went way up. Sound familiar. Lol Was then followed by a long recession and stagflation. Real estate dipped about 15% at the onset, followed by a decade of stagnation. The house I'm in now sold for 112k in 1981, I bought it in 1996 for 128k. History will repeat, that's why investors are out.
My exp w agents is they are unaware of greater economic landscape - I have done my own research and end up paraphrasing you. Am lucky to have waited this past year. Thank you for bringing that up.
Jon a big fan of the channel. I live in Ottawa, I’m seeing many new listings where the houses are empty. I figured this would translate into lower prices. Can’t say I’m seeing sellers dropping prices very much. Where do things go from here? We have some projected rate cuts, would this not drive prices back up?
The market will force prices lower through even more supply and higher unemployment. Cash flow will become an issue and people will be forced to sell for less
Have my house in the market, and I have been appalled by the standard of realtors. If they would have been working for me I would have fired 99% of them, they have no initiative, no honour and cannot sell. They basically are just a taxi service to ferry customers to a property. Most of them are so useless, we even had realtors talking clients out of buying our property, make negative comments about the house and force their opinions onto the clients. We have an audio and camera in the house.
Talking I was talking with my girlfriend she’s from Togo West Africa. She’s been here for 25 years and she’s friends with quite a few people that are immigrants and even the people the immigrants that I’ve been here for 10 years or more are like saying there’s whoa there’s way too many immigrants comingtoo many this is coming from immigrants
That was very comprehensive - thank you Jon! There is nothing wrong with getting political - politicians have screwed many, so it is only fair that they are sometimes called out.
Comments at 12:00 Realtors are only trained in the mechanics of selling/buying real estate, not the economics. We need to reeducate the profession that the monthly mortgage payment is more affected by the purchase price than the mortgage rate. Agree some realtors are cheering clients "sell/buy now, never a better time", instead of communication the realities of over-priced homes. Unfortunately, once a property is sold, the buyer is left with the 30 year economic impact of his decision, and the agents are long gone.
@jonflynn Hi Jon, thank you for looking out for many of us with real data, facts and trends from our Canadian marketplace! Also love your collaboration with Luke from Market Mania! 👌🏽😃👍🏽
@@user-le2hu1ct4tif you think about it, agents fuel the frenzy because the want their cut. It’s very rare to find an honest agent that tells you when you are overpaying.
@@user-le2hu1ct4t not really. when a lot of them complain now that they have lots of listings but no showings and they actually have to work to make full time salaries, I don't give them any sympathy.
Canada should always prop up the economy through cutting edge technology for improved efficiency in productivity and natural resources extractions, not through artificial population growths, it's like a company opting to hire 20 new people rather than buy a new machine that will do the work of 20 people, despite the machine being available and advertised for sale.
You don't want to get political but I will. Anyone who votes liberal can't complain about interest rates or cost of living. Period....you voted for this.
Also today cities and municipalities have a pile of paper crap and fees if you want to build anything bigger than a dog or cat 🐈 house... the delays and time pissing this creates
Thanks so much for the valuable videos. Do you have any insights about the Ottawa/Orleans RE market? Prices do not seem to be bulging at all. Townhouse prices are still double what they were pre-pandemic!
That graph reveals that we've had exponential growth for way too long, much of it being unnatural. Poilievre should bring immigration down to a quarter of exponential, as an absolute maximum.
But why would he do that? It's the business community (biggest donors to the Conservatives) who love all the cheap, exploitable labour and subsequent domestic wage suppression. I don't see that changing at all, though Poilievre will certainly hint at it.
@@retrogamer82I would say only 80k a year starting 5 years from now, meaning the current intake should only be 10k, since 6 million already in only 6 years.
good..most of them treat people like dirt and they are very lazy. i know a select few in Toronto who are always there. Most do not even care enough to return a client's phone call. Most know nothing about the listing..my favourite is ''MY ASSISTANT'' someone shoots the listing, someone does the floor plan, the office manage drafts the contract...and the newbie does the open house..if there even is one. crazy..such a weak way to run a business
I don’t know anyone who dropped out but I know a lot of people who stopped selling but still pay their fees lol it’s not easy at all. Only the strong survive
Won't matter.... soon there will be as many Real Estate Agents as there are Real Estate Listings in Ontario ? Ontario Real Estate Listings are skyrocketing today right past 80,000 and still climbing.... There 'were' 120,000 Real Estate "Agents" in Ontario earlier this year LOL !
In 1975 we had a population of 23 million, now we are at 39 million, and we don't have more housing completions now than we had back then? ARE YOU F*ING KIDDING ME??? Anyway, thanks for the very informative chart, Jon.
Strange, all the houses on my block in Edmonton that have been sitting for what seems like forever all sold in the last week, 3 of them. Almost like one person came in and bought them all. So weird and they are expensive for Edmonton. Between 780-900k. Maybe old gill will finaly be above water for once in 12 years. Hoping mine will be worth at least 700k by spring.
My realtor didn’t see this crash coming and he himself bought a house at peak and now it is under water by at least 30% . Time to ditch him. @jon let me know if you service Etobicoke area I would probably use your services in future
I do not know what you say cause there are 2000 videos like this that says tomorrow housing bubble pops and still does not ! Still average housing price in Toronto is 5% less of what used to be and rent too and still above 1 million $ ! Toronto and Vancouver drive up housing and rental prices across board in country ! Housing crash is momentum and when it happens overnight prices drop massively for example from 1 million $ which is current price to 600 or 700 k $ and keeps going down further ! No one can predict housing crash ! In states it happened and was out of sight ! Same true for Canada!
PET crashed the whole economy in Alerta and Saskatchewan during T1 when they introduced the NEP.. rig count dropped from 485 to 15. Think about that for a minute - what would happen to your business or salary if 90% of your revenues disappeared.
Real estate is a very cyclical business. I expect a washout and consolidation like other industries. The remaining ones will make more once the the market rebounds? 🤔
They're supposed the be the "regulators" and "administrative body" tasked with enforcing regional RE Acts, but all I've seen is them is them acting more like union reps, protecting their own from their victims, and so even the sh!ttiest ones will never be suspended or face other disciplinary action.
Make things as political as you want - name and shame! This is not a perfect world, and ALL of us, (not just the people who voted for them), have to pay for the Liberal/NDP financial sins.
Why does real estate transaction need to be so complicated ..honesty and morals is what is missing ... who knows house better than owner ? Why not just be honest and disclose everything and cut the gatekeepers out
Unfortunately I often find myself walking away from listings because the seller wants to hide major issues or provide fraudulent information. Often the most difficult job is keeping the peace between the buyers and sellers.
My family immigrated in 1959. My dad’s first job and for the next 20 yrs was a labourer in construction making minimum wage. My mom worked at GE wiring lamps I think she earned less than minimum wage. 3 yrs later we bought a house in downtown Toronto. Let’s see, minimum wage earners by house in 3 yrs in Toronto. What’s with all these new immigrants? Do they just collect government monies? That’s our problem and not immigrants.
And then was re-elected less than a year later, right? I wonder why. And Joe Clark wasn't nearly as nasty as Mulroney, Harper, and the even nastier current crop of so-called Conservatives.
I bet if you draw those charts on per capita basis, the picture would be even bleaker. Also, population growth is not the only factor. With a typical house life expectancy about 50 years (+/-), many of the houses built in 50s and 60s are no longer available, so a lot of the ‘new’ houses are just replacement of what’s included in the old data. That again makes the situation even worse.
I want rates to increase so I can earn more retirement income There is two sides to this coin , Investors, that supply the money have be short changed for a long time with low interest rates Speculators borrowing. And forcing prices up is not good
This stuff is weak. I have enjoyed your videos, but now that you are going into politics, you better get your policy chops in a row because this is kind of amateur hour. First the Cons did not have a pandemic, and investors were not buying up every house in existence. Secondly, the liberals face the sped up retirement of the baby boomer generation from the work force, effectively wiping out the bulk of our labor supply. Immigration is really the only way to replace huge losses to the labor supply. What do you suggest? The Liberals did drop the ball here, because the pandemic exasperated the labor shortage, and no one in that party bothered thinking about housing affordability. But the Cons would have faired no better, unless they were willing to block immigration which would have pissed off thier pro-business partners. The Cons will talk a big game, but in the end thier policy will reflect the economic needs of thier biggest backers. Try to be more balanced in the future.
I would like to clarify that the Liberals pushed the retirement of Gen X and the tail end of the baby boomers because of loads of immigrants who took their jobs. Amateurs everywhere! You put the cart before the horse there!
Politicians and the real estate board are misleading . Number of homes is irrelevant if not affordable. Graph house prices vs wages since 1970. Do every ten years. You will be shocked. House prices rose on a 60 year pace in the four years.
That would be really interesting to see.
I think his father was also working for this global elite cabal agenda clearly visible now. WEF infiltrated government, Marxism pushing all this vulgar perverted sex and groomed their brat to continue. The push for from his swinging perverted parents (someone appointed to run a country and put their screwing swap partners while running a country hellooo WTF?! Acknowledgement of Cuba and Castro allowing Canada to do business there with travel plus their love for monster (and he was starving murdering etc etc his impoverished imprisoned, slave citizen’s. This alone should be a big fat red flag.
A massive Mississippi state with Beverly Hills home prices that does not fly economically.
@@archimedes2261 All based on third world money. Without home prices rising they'd be buying tents not homes.
Real estate agents have been dropping like flies for decades. There's a ninety percent failure of rate within the first two years
Yep, I want to know what the success/failure rate from the real estate college is also. How many people actually finish after initial enrolment.
How do the 10 percent survive when there is almost no market at certain times like now?
Maybe they do landscaping and dog poop pickup service businesses?
@@JS-jh4cy The amount of them in landscaping must be close to zero as that's considered manual labour.
Thanks for doing what you do, Jon.
My pleasure!
I fully agree with Steve Tabrizi (who I know). The best Realtors have spent many years building their business, building their reputation. It's healthy to see the "thinning out"
Thanks for the canadian content. I wish they hold off on these rate decreases.
It will hurt the economy very bad if they don’t . Real estate is not the mere concern.
Rate decreases puts all the retirees into the poorhouse. Soon they'll be more retirees than workers and most of them will end up destitute all thanks to falling interest rates.
@@AnitaSridhar In the baby boom generation of the 1950's and 1960's that would be true but now as retirees outnumber workers rate cuts hurt more people than they help and helping someone with a zero net worth is not helping them or anyone else.
Those population spikes under the Trudeau regimes are quite something. I never knew that happened under T1.
Me either until today. I thought that’s another big spike and then checked how was PM and what do you know, old man Trudeau was cooking the books back then.
Yup.
The population spike in the late mid 70s also caused what was at the time the highest recorded inflation. Real estate prices skyrocketed, interest rates went way up.
Sound familiar. Lol
Was then followed by a long recession and stagflation.
Real estate dipped about 15% at the onset, followed by a decade of stagnation.
The house I'm in now sold for 112k in 1981, I bought it in 1996 for 128k.
History will repeat, that's why investors are out.
All sides same penny. Donors and lobbyists win no matter.
All sides same dime. Follow the $.
My comments keep being del?
I wish I had a realtor like Jon telling me not to buy in Feb 2022 but sell it instead
You would have been a millionaire today selling an average looking 3 bedroom for a million or 2 in BC or Ontario 😆
@@archimedes2261 yes but where I will live if I sell
@@QuestRader how much rent ?
Thank you Mr. Flynn for all that you do to keep us informed with what is going on in the real estate business. God bless.
You are very welcome
My exp w agents is they are unaware of greater economic landscape - I have done my own research and end up paraphrasing you. Am lucky to have waited this past year. Thank you for bringing that up.
If they did, they wouldn't advise clients to overpay or overbidd for homes with general salaries being anemic for decades in Canada.
Thanks for the feedback and info
This is bad news but good information. Thank you!
You're welcome
Jon a big fan of the channel. I live in Ottawa, I’m seeing many new listings where the houses are empty. I figured this would translate into lower prices. Can’t say I’m seeing sellers dropping prices very much. Where do things go from here? We have some projected rate cuts, would this not drive prices back up?
The market will force prices lower through even more supply and higher unemployment. Cash flow will become an issue and people will be forced to sell for less
Have my house in the market, and I have been appalled by the standard of realtors. If they would have been working for me I would have fired 99% of them, they have no initiative, no honour and cannot sell. They basically are just a taxi service to ferry customers to a property. Most of them are so useless, we even had realtors talking clients out of buying our property, make negative comments about the house and force their opinions onto the clients. We have an audio and camera in the house.
Thanks for the info
Talking I was talking with my girlfriend she’s from Togo West Africa. She’s been here for 25 years and she’s friends with quite a few people that are immigrants and even the people the immigrants that I’ve been here for 10 years or more are like saying there’s whoa there’s way too many immigrants comingtoo many this is coming from immigrants
I’m an immigrant and I agree, numbers are not sustainable
AGREED !!! There are too many of them and I don't trust any of them
I am one been around along time. Not trying to do a lot. Just family and close friends
Too many agents not enough sales now, tells you people can't afford what they're selling bottom line.
Thank you so much for this!
You're so welcome!
That was very comprehensive - thank you Jon!
There is nothing wrong with getting political - politicians have screwed many, so it is only fair that they are sometimes called out.
Awesome thanks
Comments at 12:00 Realtors are only trained in the mechanics of selling/buying real estate, not the economics. We need to reeducate the profession that the monthly mortgage payment is more affected by the purchase price than the mortgage rate. Agree some realtors are cheering clients "sell/buy now, never a better time", instead of communication the realities of over-priced homes. Unfortunately, once a property is sold, the buyer is left with the 30 year economic impact of his decision, and the agents are long gone.
Your listings. Give them to me. Now.
- Real Agents of Hamilton.
Haha
@jonflynn Hi Jon, thank you for looking out for many of us with real data, facts and trends from our Canadian marketplace! Also love your collaboration with Luke from Market Mania! 👌🏽😃👍🏽
Thanks for the feedback
somehow I don't feel bad about these characters
I'm guessing most people share your sentiment
It's just a job, anyone losing their job in a downturn should get sympathy.
@@user-le2hu1ct4tif you think about it, agents fuel the frenzy because the want their cut. It’s very rare to find an honest agent that tells you when you are overpaying.
@@user-le2hu1ct4t not really. when a lot of them complain now that they have lots of listings but no showings and they actually have to work to make full time salaries, I don't give them any sympathy.
Canada should always prop up the economy through cutting edge technology for improved efficiency in productivity and natural resources extractions, not through artificial population growths, it's like a company opting to hire 20 new people rather than buy a new machine that will do the work of 20 people, despite the machine being available and advertised for sale.
Good point
Dead flies covered in old real estate listing signs
yep
You don't want to get political but I will. Anyone who votes liberal can't complain about interest rates or cost of living. Period....you voted for this.
If you tell them that they freak out like children too
Hated his father hate son more!!!
Old Trudeau came west once an a picture was taken, he felt we were Number one with his middle finger up in the train window
Heard a funny term today regarding immigration: Human QE from Market Mania
Better dwelling called it
"Quantitive Peopling"
Lol
Great videos !
Thanks!
Also today cities and municipalities have a pile of paper crap and fees if you want to build anything bigger than a dog or cat 🐈 house... the delays and time pissing this creates
too many unproductive public sector workers
Good the more that leave the better.
I agree
Thanks so much for the valuable videos. Do you have any insights about the Ottawa/Orleans RE market? Prices do not seem to be bulging at all. Townhouse prices are still double what they were pre-pandemic!
That graph reveals that we've had exponential growth for way too long, much of it being unnatural. Poilievre should bring immigration down to a quarter of exponential, as an absolute maximum.
250K per year is manageable
But why would he do that? It's the business community (biggest donors to the Conservatives) who love all the cheap, exploitable labour and subsequent domestic wage suppression. I don't see that changing at all, though Poilievre will certainly hint at it.
@@retrogamer82I would say only 80k a year starting 5 years from now, meaning the current intake should only be 10k, since 6 million already in only 6 years.
@@archimedes2261 , you're on the right track.
@@retrogamer82 , out of 40M, 250k is well over a half percent; way too much unnatural growth in one year.
Wait until the real estate companies and franchises start failing. It will be 1980’s all over again.
I don't doubt it.
good..most of them treat people like dirt and they are very lazy. i know a select few in Toronto who are always there. Most do not even care enough to return a client's phone call. Most know nothing about the listing..my favourite is ''MY ASSISTANT'' someone shoots the listing, someone does the floor plan, the office manage drafts the contract...and the newbie does the open house..if there even is one. crazy..such a weak way to run a business
Yet they make money hand over first
I don’t know anyone who dropped out but I know a lot of people who stopped selling but still pay their fees lol it’s not easy at all. Only the strong survive
Nice backdrop I think it’s NYC reflects current state of affairs
Some AI generated real estate apocalypse scheme. I only use it for images
Won't matter.... soon there will be as many Real Estate Agents as there are Real Estate Listings in Ontario ?
Ontario Real Estate Listings are skyrocketing today right past 80,000 and still climbing....
There 'were' 120,000 Real Estate "Agents" in Ontario earlier this year LOL !
Nobody wants to discuss the fact that no banks are writing home loans..... strictly refis
interesting
Interest rate cut means prices are crashing and further cuts possible only when further price crash happens.
yep
In 1975 we had a population of 23 million, now we are at 39 million, and we don't have more housing completions now than we had back then? ARE YOU F*ING KIDDING ME??? Anyway, thanks for the very informative chart, Jon.
No problem
Flat fee please!
What do you want to pay and for what services?
@@jonflynn what services do you provide? Can there really be that many different ways to sell or buy a home?
My co-worker, who is of Chinese descent, asked me how i feel being a visible minority in Toronto.
I read the 2023 homeownership rate was 1% above the 25-year average.
I think it got to 69% in the past couple of years but is dropping now
Strange, all the houses on my block in Edmonton that have been sitting for what seems like forever all sold in the last week, 3 of them. Almost like one person came in and bought them all. So weird and they are expensive for Edmonton. Between 780-900k. Maybe old gill will finaly be above water for once in 12 years. Hoping mine will be worth at least 700k by spring.
Money launderers.
Throwing bodies and money at the problem doesn't work. Let it be economy, projects or any other initiative.
My realtor didn’t see this crash coming and he himself bought a house at peak and now it is under water by at least 30% . Time to ditch him. @jon let me know if you service Etobicoke area I would probably use your services in future
It’s unfortunately out of my area for any purchasing/buying but would be able to service listings.
Sounds good, I’ll probably take you up on that, thanks.
Hey John. How do you like the Yakeda tac vest? Was thinking about getting one.
For the price I like it. I use at the range. Very useful for carrying extra mags and stuff.
Population will begin to contract soon, what does that mean for the housing market?
nice background
Thanks, figured I'd play dress up today.
Why would a realtor leave his career he spent decades building just because of electronic lock boxes?? Please tell me.
He was over 65, made enough money, recently lost his wife to cancer and said screw it why bother relearning this digital stuff.
@@jonflynn That explains it. Fuck you money is a very powerful weapon.
I do not know what you say cause there are 2000 videos like this that says tomorrow housing bubble pops and still does not ! Still average housing price in Toronto is 5% less of what used to be and rent too and still above 1 million $ ! Toronto and Vancouver drive up housing and rental prices across board in country ! Housing crash is momentum and when it happens overnight prices drop massively for example from 1 million $ which is current price to 600 or 700 k $ and keeps going down further ! No one can predict housing crash ! In states it happened and was out of sight ! Same true for Canada!
PET crashed the whole economy in Alerta and Saskatchewan during T1 when they introduced the NEP.. rig count dropped from 485 to 15. Think about that for a minute - what would happen to your business or salary if 90% of your revenues disappeared.
@@iancormie9916 not clear what you are talking about
Great thumbnail. No surprise with agents leaving. Effect of new tech on RE and banking industry over next 10 yrs?
Real estate agents are flies?
Dropping like flies
Real estate is a very cyclical business. I expect a washout and consolidation like other industries. The remaining ones will make more once the the market rebounds? 🤔
It will remain cyclical as long as banks offer credit above 4 1/2 times earnings and governments engage in deficit financing.
Why does anybody need a real estate board?
We don’t need so many that’s for sure
They're supposed the be the "regulators" and "administrative body" tasked with enforcing regional RE Acts, but all I've seen is them is them acting more like union reps, protecting their own from their victims, and so even the sh!ttiest ones will never be suspended or face other disciplinary action.
Make things as political as you want - name and shame! This is not a perfect world, and ALL of us, (not just the people who voted for them), have to pay for the Liberal/NDP financial sins.
You got that right
Have a pulse? You can be an agent. Clown world.
Pretty much
@@jonflynn I knew "dancers" in Niagara selling homes? Gong show
@ToddMcDonald-zh4ym what do you mean dancers
@@kakayou546 Exotic Dancer
Is this why half of your own agents have left in the past two years Jon?
It is, slowing market conditions, hard for them to make a living from it.
@@jonflynn 50% is a whole lot more than the industry average. Maybe there is a reason
Just say what you wanna say @@johnnylongstocking128
@@rorythomson3439 Jon's sales numbers do all the talking needed.
@@johnnylongstocking128what's the industry average for the past 2 years?
I thought realestate agents could not work part time?
They can in Ontario, I don’t know about the rest of Canada though
Why does real estate transaction need to be so complicated ..honesty and morals is what is missing ... who knows house better than owner ? Why not just be honest and disclose everything and cut the gatekeepers out
Unfortunately I often find myself walking away from listings because the seller wants to hide major issues or provide fraudulent information. Often the most difficult job is keeping the peace between the buyers and sellers.
My family immigrated in 1959. My dad’s first job and for the next 20 yrs was a labourer in construction making minimum wage. My mom worked at GE wiring lamps I think she earned less than minimum wage. 3 yrs later we bought a house in downtown Toronto. Let’s see, minimum wage earners by house in 3 yrs in Toronto. What’s with all these new immigrants? Do they just collect government monies? That’s our problem and not immigrants.
they go to the countries with the best benefit programs if you have enough kids here you dont need to work
Ahh, yes recession
-
Beautiful
Failed realtors are all economists and investment gurus on TH-cam. Most of them have awful knowledge of both .
Thanks for the comment
@@jonflynn he was talking about you hahaha
2026 huge resession get ready for it people 😢
Seriously ....who stopped building the conservatives by 800,000 new homes....today is the future...plan better
Step Daddy Trudeau also lost the 1979 election to Joe Clark and the conservatives at the end of all that.
Wonder why?
And then was re-elected less than a year later, right? I wonder why. And Joe Clark wasn't nearly as nasty as Mulroney, Harper, and the even nastier current crop of so-called Conservatives.
Housing completions vs price !!!!!!!!!
Please stop talking about house completions and not then comparing with house prices vs wages.
No problem, any other ideas?
Buddy's wife gave it a shot and gave up. She's in school to be a teacher now.
Thanks for sharing, it’s a tough gig to get established in.
I bet if you draw those charts on per capita basis, the picture would be even bleaker. Also, population growth is not the only factor. With a typical house life expectancy about 50 years (+/-), many of the houses built in 50s and 60s are no longer available, so a lot of the ‘new’ houses are just replacement of what’s included in the old data. That again makes the situation even worse.
Navy SEALs have a better rate from BUDs
Am I 1st? 😎
Yes you are!
Real estate brokers and clerks scam....always reminded me of actors and hollywood ...lmao
My father’s average as a realtor was more in the mid 80’s than your graph showed in 2023. But he was never home. That’s what top realtors do.
That’s why I wouldn’t want to be a top realtor, I prefer being around with my family
@@jonflynn don't worry you lack of sales means you won't ever be a top realtor even if you want too.
I want rates to increase so I can earn more retirement income
There is two sides to this coin , Investors, that supply the money have be short changed for a long time with low interest rates
Speculators borrowing. And forcing prices up is not good
The son aleays finishes the fathers job. ie. George Bush's
If screwing up Canada is the job then he's done well
Watch Omaha Beach. Saving Private Ryan
This stuff is weak. I have enjoyed your videos, but now that you are going into politics, you better get your policy chops in a row because this is kind of amateur hour. First the Cons did not have a pandemic, and investors were not buying up every house in existence. Secondly, the liberals face the sped up retirement of the baby boomer generation from the work force, effectively wiping out the bulk of our labor supply. Immigration is really the only way to replace huge losses to the labor supply. What do you suggest?
The Liberals did drop the ball here, because the pandemic exasperated the labor shortage, and no one in that party bothered thinking about housing affordability. But the Cons would have faired no better, unless they were willing to block immigration which would have pissed off thier pro-business partners. The Cons will talk a big game, but in the end thier policy will reflect the economic needs of thier biggest backers. Try to be more balanced in the future.
I see I hit a nerve. I suggest letting the market go through its cycle instead of sacrificing people and purchasing power for political gain.
Well put
@@jonflynn Not really a nerve. This was a specific critique.
I would like to clarify that the Liberals pushed the retirement of Gen X and the tail end of the baby boomers because of loads of immigrants who took their jobs. Amateurs everywhere! You put the cart before the horse there!
That's complete nonsense.