Buying A Property in 2022 | HUGE Canadian Real Estate Market Changes?!?!
ฝัง
- เผยแพร่เมื่อ 4 ต.ค. 2024
- What does the future of Canadian real estate have in store for Canadian REI investors?
In today's video, we have Josh Findlay & Ehren Laycock from the Findlay Mortgage Team back on the channel for another Finance Friday to chat about the future of Canadian real estate, changes that Josh & Ehren are predicting to take place in the year 2022 based on current data provided by economists and analyzing previous patterns within the Canadian economy.
Make sure you stick around until the end of today's video to find out about all of these expected changes. As always if you got some value, be sure to smash the like button and comment down below what are some predictions you see coming our way?
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I am an investor in Real Estate & this is the only time in my life that I can say I hope that I don't make too much money next year through appreciation. I am hoping for a single digit increase, something like a 7-9% increase. I want sustainably in the high range. The key word here is SUSTAINABLY. I am making a prediction of my own. There are going to be 35 & 40 yr amortization mortgages coming back again in late 2022 to sometime in 2023. Otherwise only Multi-Millionaires & Billionaires will be able to live in the GTA & we will be telling our Grand & Great-grandchildren about a place called Toronto & the GTA were many many many months in the past we usually buy a house with a backyard for only a mere $1.5-$2M.
I love the new Canadian Real Estate theme and intro .
Absolutely! 🔥🔥
Great video! Very informative and supported by actual metrics and data.
Absolutely, thats what we live for!🔥🔥
If oil and inflation stays high, Alberta is going to catch up to the rest of Canada. Think 2008-2014. Employers can not find enough workers to fill positions. Very big shortages. Fort McMurray employers are raising wages by to as much as %25 just to find enough employees. I just purchased a 1000sqft bungalow in Edmonton area backing on to a golf course for $245,000. Alberta is still affordable and wages are starting to rise. Best place to be if you are new to canada. But Calgary definitely has better weather :)
@@johnsnow34lll I guess maybe it's just the glow from the mountains.
@@johnsnow34lll to an extent. I found that Edmonton was slightly cooler overall than Calgary. I lived in Calgary for 25 years so pretty decent weather, we tended to get more warm chinook waves than Edmonton by comparison.
Agreed!
100% if I didn't have family here in Ontario, I'd be gone a long time ago.
@@begley09 I've evaluated moving back. I've been here in Windsor for 4 years now. Timed the market very well so might be happy to take my winnings in this town and run 😉👍buuuuut the weather here blows Calgary out of the water. So definitely a tough judgement call. 😬😬 Maybe revert to cash and rent somewhere for a bit. Sometimes you gotta know when to cash out and play the game another day 😉👍
Government is stepping on its own toes. On one hand, you have a federal government "trying" to help first time buyers. On the other hand, you have municipality making it extremely difficult and costly for builders. Also, many people don't want a damn condo.
Been living in London most of my life, seeing home prices sky rocket over the last few years and seeing competition for homes that are over a million dollars has been crazy.... where is the upper limit on home prices these days it seem like a million is nothing any more
100% the London area has certainly seen an increase in the housing market over these past few years, we recently just filmed a video with Matt McKeever discussing inflation & we cover some of our predictions for the coming yers! Could be worth checking out for some more context!
Josh and Ehren are very rational and well-informed. I wonder how long before I purchase a property should I approach them for their services? Thanks for the video.
Thanks for the comment, glad to hear you got some value from our videos, feel free to reach out to us anytime, send us a dm to our instagram and we'd be happy to discuss some options!
Funny listening to this now. 😂
This was amazing
I have a opportunity to sell my current home anytime from this fall until spring of next year because I purchased a new home from a builder that will be ready by early summer next year. Should I sell my home now and rent somewhere to be safe or do you think based on all this info that it’s safe to wait until next spring?
I am in same situation but won’t get my new built till Oct 2022. Was planning to list it June/July once my builder confirms no delay
Who would want to live in Ontario,though?
Can canadians secure burrowings fron Canadian banks to buy property outside canada in countries like Sri Lanka
Yes, I recommend reaching out to RBC
10% increase till july 2022. Then stabilize at 5% in the next few years.
Appreciate your comment dorje! Time will tell, definitely be interesting to see
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where did you get that 400 000 people coming to Canada ? Immigration is down, foreign students are down, unvaccinated people cannot come.....
1st 🤟🏼
🏆🏆🏆
Appreciate you NephRex!
Crash coming