Start with those in parliament. What was the last structural wage floor buffering policy they mandated? And I don’t mean min wage which is a pernicious directive to blockade the lower rungs/the least experienced.
Seems like housing prices always go up in the long run. Renting feels like a trap unless you're good at investing the difference in capital into something else.
right over your head eh - it was said humorously, not as a sympathy but a reflection that realtors like to spend money and the residential investment portion of the economy (realtor commissions and renovations) was like 11-13% of our GDP
@ Who said an analysis needs to be deep in order to be correct? Have you ever heard of Occam's razor? You have a workforce of hundreds of thousands of people who saw their incomes reduce by 50-60% from 2021 to 2023. Do I weep for realtors? Absolutely not. Do I acknowledge that there's an economic impact to their income absence? Absolutely.
@ Realtors produce nothing. They just suck money out of the system without producing anything of value. Not my problem if realtors can’t afford their merc leases. The economy will be just fine without them. Have I heard of Occam’s razor? Wow. Look at you! Someone read a book!
You should tell them. Show them the comps and say you want lower rent or you can go get a place for cheaper, with vacancy climbing they likely won’t want to take the risk of losing a good tenant.
@@daniel_foch At least where I live (New Brunswick), rents are still insane. If I moved to a new place I'd be paying about 1.5x more, for an older, worse place in a less safe area. Anyone who has vacant spots raised their prices so high in the last 4 years that anyone currently in a spot can't move because although their rent have raised a lot (like mine), it's still cheaper than what's available out there. Landlords (at least here) don't care about good tenants, they just care about money. My rent is $2,000. Comparable to many major cities across Canada. Atlantic Canada has seen the highest rent increased % wise across the country, and our wages haven't budged. We're screwed.
@ the rent differential you’re deceiving is a function of cumulative inflation over the past few years unfortunately. More affordable markets like NB got it the worst when torontonians started fleeing in search of cheaper housing
@@DTrent-uy1wl if GTA/GVA rents drop and people start moving back because it's affordable, there is a ripple effect. You can see it in Calgary right now - rents rolling over as Torontonians move back to Toronto, then Edmonton people move back to Calgary.
Nice video.. September 2018 rocked my family with the hurricane Florence. To lives and properties displaced we gave $45k. We also gave in 2020 COVID year. The "Treasure Principle" by Randy Alcorn helped my giving reason why getting $105k in two months is just evident of God's blessings on my household. God never faltered on his written and spoken promises over my family.. All thanks to Mrs Kathy Lien
No matter the profession you are in, even if you have a 9-5 job, make sure you have an investment in Bitcoin ETFs or any cryptocurrency. Thank God I got into crypto when I did because it was a turning point for me financially. I'm Already making over 90% profit from my current investment.
I've been investing in Bitcoin, Crypto and stocks by myself. I'm not really happy with what's going on. Can you help me out or at least advise me on what to do?
She is really a good investment advisor. I was privileged to attend some of her seminars, that's how I started my crypto investment I will recommend her
Ms Charlotte Patton, holds the credit of being crucial about crypto and stocks trading and also a knowledgeable Brooker. Serves as my family's personal broker, as well as to many families across the United States. As well licensed as a FINRA agent in the U.S.
@@chrisnatiotis1423 rents inflation hasn’t dropped in 100 years so I’d say it’s news. Rents have always gone up, even in the most brutal recessions (1990s) and the covid exodus. So respectfully I will disagree and say this is very much news.
This is the best explanation I've seen on affordability. Thanks for keeping it real!
Thank you!
It’s nice to see someone talking about balanced growth instead of just skyrocketing prices.
we try our best!
It’s nice to hear about lower rents, but maintenance costs are killing homeowners like me.
sell and rent lol!
Wow, rental prices dropping? Didn’t see that coming. Fingers crossed if it continues and I'll be leaving my rental for a new one.
and that'll lead to more rental prices falling as your current landlord has to chase the market down!
I agree with Daniel that affordability is tied to incomes, but how do we address stagnant wages?
Start with those in parliament. What was the last structural wage floor buffering policy they mandated? And I don’t mean min wage which is a pernicious directive to blockade the lower rungs/the least experienced.
A more diverse economy is the only way imo
Love the optimism, but we need more systemic change to actually fix affordability long-term.
agreed
Excellent analysis as usual
Thanks Shem - on a roll with the content. Let's keep levelling up.
This video was helpful, but how does this impact first-time buyers specifically?
it should create a buying opportunity for first-time buyers as prices and rates fall
1:09 prices haven't gone up at all
true!
Best buy rep: "how big do you want your headphones?" - - - Dan: "yes"
lmao - I dress up like a podcaster on TV so people try to find the show if they like what i have to say :)
If property taxes keep rising, won't that just cancel out any benefits from lower interest rates? It’s a vicious cycle.
property tax cannot rise as much as interest rates are falling so it should be ok
Seems like housing prices always go up in the long run. Renting feels like a trap unless you're good at investing the difference in capital into something else.
yes and most Canadians aren't good at saving or investing, which is why they have a preference for homeownership imo
Interesting point about rental supply impacting prices. But isn’t it more about demand management too? Immigration policy needs to be considered.
agreed
I guess they found anothe rfraudster to replace Nasma
@@Dave995 are all realtors frauds to you lol?
Yes, spare a thought for the real estate agents who need to lease cars and take vacations. 🙄
right over your head eh - it was said humorously, not as a sympathy but a reflection that realtors like to spend money and the residential investment portion of the economy (realtor commissions and renovations) was like 11-13% of our GDP
@ Yeah, the sheer depth of your analysis was too much for me. 🤣
@ Who said an analysis needs to be deep in order to be correct? Have you ever heard of Occam's razor?
You have a workforce of hundreds of thousands of people who saw their incomes reduce by 50-60% from 2021 to 2023.
Do I weep for realtors? Absolutely not.
Do I acknowledge that there's an economic impact to their income absence? Absolutely.
@ Realtors produce nothing. They just suck money out of the system without producing anything of value. Not my problem if realtors can’t afford their merc leases. The economy will be just fine without them. Have I heard of Occam’s razor? Wow. Look at you! Someone read a book!
Why would anyone want to live in Canada? Cold, expensive, and boring. Surprised so many people want to immigrate here tbh.
fair point, especially folks coming from warmer climates, but I guess if quality of life is better that's why
Rent is falling? Nobody told my landlord who has hiked the rent 16% in the last 4 years.
You should tell them. Show them the comps and say you want lower rent or you can go get a place for cheaper, with vacancy climbing they likely won’t want to take the risk of losing a good tenant.
@@daniel_foch At least where I live (New Brunswick), rents are still insane. If I moved to a new place I'd be paying about 1.5x more, for an older, worse place in a less safe area. Anyone who has vacant spots raised their prices so high in the last 4 years that anyone currently in a spot can't move because although their rent have raised a lot (like mine), it's still cheaper than what's available out there. Landlords (at least here) don't care about good tenants, they just care about money. My rent is $2,000. Comparable to many major cities across Canada. Atlantic Canada has seen the highest rent increased % wise across the country, and our wages haven't budged. We're screwed.
@ the rent differential you’re deceiving is a function of cumulative inflation over the past few years unfortunately. More affordable markets like NB got it the worst when torontonians started fleeing in search of cheaper housing
NB rents will also crash. Give it another 6-12 months
@@DTrent-uy1wl if GTA/GVA rents drop and people start moving back because it's affordable, there is a ripple effect. You can see it in Calgary right now - rents rolling over as Torontonians move back to Toronto, then Edmonton people move back to Calgary.
Interesting take, but the market will do what it always does. Boom, bust, repeat.
You crushed this. All killer, no filler.
Thank you! I aim to please
Rents are falling but will not be gettimg back to 2019 ever
@@Relaxlifeisshort2 2019 was higher than 2020but yeah I can’t see them getting there
Rents ain’t dropping in my area bro this is cap fr.
These so-called experts always ignore the real issues, like foreign investors ruining everything.
They’re all just guessing at this point. Housing is still ridiculously overpriced. Needs to drop 25% to reflect its true value.
More homes being built? LOL, I’ll believe it when I see it.
Big Short 2
Canadian edition lol
Great segment, they need to make you a regular.
@@AlanPotter35 hopefully! Been on a few times but would love to do more
Nice video.. September 2018 rocked my family with the
hurricane Florence. To lives and properties
displaced we gave $45k. We also gave in 2020
COVID year. The "Treasure Principle" by Randy
Alcorn helped my giving reason why getting $105k
in two months is just evident of God's blessings on
my household. God never faltered on his written and
spoken promises over my family.. All thanks to Mrs Kathy Lien
That's a major turn around. Praise be to Jesus our Lord. Hallelujah
But then, what do you do? How do you come
about that in that period?
Its all big thanks to Mrs Kathy Lien
Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
I thought myself and my family were the only
ones enjoving Mrs Kathy Lien trade benefits
Buying a house is pointless. Just rent forever and invest in crypto!
Fartcoin only
This guy says lotta stuff but dosnt rly explain how we’re supposed 2 afford anything rn.
recession and deflation/disinflation probably the only way
WTF is this guy even saying. rates down prices up wat a joke.
Rents are going to crash
No matter the profession you are in, even if you have a 9-5 job, make sure you have an investment in Bitcoin ETFs or any cryptocurrency. Thank God I got into crypto when I did because it was a turning point for me financially. I'm Already making over 90% profit from my current investment.
I've been investing in Bitcoin, Crypto and stocks by myself. I'm not really happy with what's going on. Can you help me out or at least advise me on what to do?
I'm guided by Charlotte Patton
She is really a good investment advisor. I was privileged to attend some of her seminars, that's how I started my crypto investment I will recommend her
I started my Bitcoin investment with $7,000, and I have grown to receiving $35,000 every 18days. She is an amazing investment consultant
Ms Charlotte Patton, holds the credit of being crucial about crypto and stocks trading and also a knowledgeable Brooker. Serves as my family's personal broker, as well as to many families across the United States. As well licensed as a FINRA agent in the U.S.
Yeah right, like rents are actually going down where I live. Fake news!
Rents drop 1%…..after Rents went up 100% in the past 5 years.
This is not news!!!!
@@chrisnatiotis1423 rents inflation hasn’t dropped in 100 years so I’d say it’s news. Rents have always gone up, even in the most brutal recessions (1990s) and the covid exodus. So respectfully I will disagree and say this is very much news.