It's time to acknowledge that a return to 3% mortgage rates may be unrealistic. If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations. I know I'm not the only one who shares this outlook.
If you're in the market, now is the time to buy. Home prices are unlikely to decrease further, and if interest rates do decline in the future, refinancing is always an option.
In my opinion, home prices need to decrease by at least 40% before the market finds balance. For those unsure about buying property right now, seeking advice from an experienced financial advisor for optimal portfolio allocation is crucial. This approach has worked for me-I’ve managed to stay profitable over the past five years, accumulating nearly $1 million in investment returns.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Thank you for taking my advice. I'm glad you were able to research her background and feel confident moving forward. I hope your call goes well-her track record speaks for itself, and I'm optimistic you'll find her guidance valuable.
😂 Why are they building new homes that only investment groups can afford. And then only rent them at inflationary rates. Homes and housing must be removed from the corporate venture capital investment groups. The supply of new rental units should be in the new trend in other countries, which is small one bedroom homes. Condos downtown are not affordable for anyone.
Canada needs 500 thousand houses built like yesterday ..and another 500 thousand homes built by tomorrow.. and that is just to house the million or so people that have come to Canada in the past couple of years.. so what they are talking about building won,t even be noticeable.. We are screwed.. for years
I don't care. I left Canada & never coming back. 😂😂😂 I spend 1/4 of what I use to for 3x the quality of life. Its the same in every country I stay in, I should've left decades ago 🤦♂️
I think the problem is simple to understand by now the rich don’t pay enough and change to much the government talk to much and don’t take action enough bureaucracy is a problem and for the main problem is greed greed greed to the maximum 🤨🤨🤨🤨
Talking frankly about things is not a strong point in this discussion and that's what's lacking too much fluff not enough discussion on how to resolve this problem
Unfortunately renters don’t decrease the rent amount and is becoming a disaster . Government bringing in so many people from foreign countries and no affordable housing for any one .
I became a homeowner in a relatively affordable city last autumn. I have a small basement auite, and I had a few instances of more people than I would like to house in the two bedroom suite looking to rent it. Two bedroom suit renting for $1350/month for two adults. Quite reasonable so I was a little annoyed when people wanted to have 4 or even 5 people live there for the same price. Most just moved on when I message them back a higher rent fee based on more people.
I feel that you're having troubles cutting to the chase so let me spell it out for you everything lags any new legislation takes time to work through the system because the system is broken everything takes too much time there's too much red tape in the way when Builders are building even now they've already built for the short-term rental market is no longer the case but it takes time to work that inventory through the system and yet no one is talking about that wages need to go up for people to afford them but these builds of today were for the short-term rental market and now with interest rates going up not directly now but in the future how was one to plan
By the time y'all finally get your conversation to a solution that was already talked about 10-15-20 years ago, the issues will progress into a catastrophy that is beyond what ever countermeasures you come up with here. QUIT WASTING OUR TIME.
I don't care. I left Canada and never coming back. 😂😂😂😂😂 I spend 1/4 of what I use to for 3x the quality of life. Its the same in every country I stay in, I should've left decades ago 🤦♂️
Complete Crap every city I've been in the last year Calgary, Winnipeg and Toronto all have abandoned properties including high rises! Its shameful! The solution sits in plain view across Canada and because there's no national rent control the Rental market is used to keep owners in a cash influx where Value is not based on quality of the dwelling more often than not! Add to the fact the growing homeless population in major urban centers due to a lack of social housing makes Canadian cities look like 3rd world countries! And add to the fact business space rentals in major metropolitan areas is so high that it makes virtually impossible to turn a profit because more and more people are paying over 50% of there income in rent alone! Its a simple case of an owners market choking our economy and a decent standard of living! Also the fact that we allow foreign investors to buy units as blue chip investments! This artificially inflates not only the condo market but has a detrimental effect on mortgage rates for houses! The solutions are staring us in the face and we won't fix it due to a lack of strong leadership and flat out GREED! NATIONAL HOUSING SOLUTIONS NOW AND LESS B.S ABOUT THE SUBJECT AND BACKWARD WAY OF FIXING IT! 🤨😤😡!!!
Nationalizing real estate would be a terrible idea. Taking away property from current owners is wrong. I am supportive of the government getting involved or getting out of the way in increasing supply. Home prices should come down. I saw this as someone who bought my first home last autumn.
It's time to acknowledge that a return to 3% mortgage rates may be unrealistic. If homeowners are forced to sell, we will likely see a drop in home prices, leading to lower property valuations. I know I'm not the only one who shares this outlook.
If you're in the market, now is the time to buy. Home prices are unlikely to decrease further, and if interest rates do decline in the future, refinancing is always an option.
In my opinion, home prices need to decrease by at least 40% before the market finds balance. For those unsure about buying property right now, seeking advice from an experienced financial advisor for optimal portfolio allocation is crucial. This approach has worked for me-I’ve managed to stay profitable over the past five years, accumulating nearly $1 million in investment returns.
How can I find a trusted financial planner like yours?
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Thank you for taking my advice. I'm glad you were able to research her background and feel confident moving forward. I hope your call goes well-her track record speaks for itself, and I'm optimistic you'll find her guidance valuable.
😂 Why are they building new homes that only investment groups can afford. And then only rent them at inflationary rates. Homes and housing must be removed from the corporate venture capital investment groups.
The supply of new rental units should be in the new trend in other countries, which is small one bedroom homes. Condos downtown are not affordable for anyone.
Ordinary people are not human beings, according to them
I completely agree, we are a third generation Canadian family also leaving Canada forever!
Canada needs 500 thousand houses built like yesterday ..and another 500 thousand homes built by tomorrow.. and that is just to house the million or so people that have come to Canada in the past couple of years.. so what they are talking about building won,t even be noticeable..
We are screwed.. for years
I don't care. I left Canada & never coming back. 😂😂😂 I spend 1/4 of what I use to for 3x the quality of life. Its the same in every country I stay in, I should've left decades ago 🤦♂️
Isn't supply n demand just wonderful?
I'd be leaving with only the clothes on my back. That's the choice, leave everything and everyone, or be a slave
lol then why are you commenting on a Cmhc video? Haha
@@maxxyeg4311 I don't know them & dgaf who that is. I commented when this showed up on my auto play queue. Couldn't care less about "cMhC".
If you think it’s just Canada experiencing a housing crisis you’re absolutely blind
I think the problem is simple to understand by now the rich don’t pay enough and change to much the government talk to much and don’t take action enough bureaucracy is a problem and for the main problem is greed greed greed to the maximum 🤨🤨🤨🤨
Talking frankly about things is not a strong point in this discussion and that's what's lacking too much fluff not enough discussion on how to resolve this problem
Unfortunately renters don’t decrease the rent amount and is becoming a disaster . Government bringing in so many people from foreign countries and no affordable housing for any one .
Stop using a i to calculate rent prices, it's driving up the cost of doing business
I became a homeowner in a relatively affordable city last autumn. I have a small basement auite, and I had a few instances of more people than I would like to house in the two bedroom suite looking to rent it. Two bedroom suit renting for $1350/month for two adults. Quite reasonable so I was a little annoyed when people wanted to have 4 or even 5 people live there for the same price. Most just moved on when I message them back a higher rent fee based on more people.
2025 would change the housing market forever. Rental would collapse by 50%, it is time to cheers
I feel that you're having troubles cutting to the chase so let me spell it out for you everything lags any new legislation takes time to work through the system because the system is broken everything takes too much time there's too much red tape in the way when Builders are building even now they've already built for the short-term rental market is no longer the case but it takes time to work that inventory through the system and yet no one is talking about that wages need to go up for people to afford them but these builds of today were for the short-term rental market and now with interest rates going up not directly now but in the future how was one to plan
Cause y'all would rather sit around and skwawk about it in front of cameras than really do anything about it...
By the time y'all finally get your conversation to a solution that was already talked about 10-15-20 years ago, the issues will progress into a catastrophy that is beyond what ever countermeasures you come up with here.
QUIT WASTING OUR TIME.
As Premier Ford says . Attainable housing.
Any politician who says affordable is an idiot.
Obtainable?
Nationalize real estate. Nationalize housing.
Exactly
I don't care. I left Canada and never coming back. 😂😂😂😂😂 I spend 1/4 of what I use to for 3x the quality of life. Its the same in every country I stay in, I should've left decades ago 🤦♂️
@@asparrow9876 Yeah, Canada is a link in the global chain of colonialism
Complete Crap every city I've been in the last year Calgary, Winnipeg and Toronto all have abandoned properties including high rises! Its shameful! The solution sits in plain view across Canada and because there's no national rent control the Rental market is used to keep owners in a cash influx where Value is not based on quality of the dwelling more often than not! Add to the fact the growing homeless population in major urban centers due to a lack of social housing makes Canadian cities look like 3rd world countries! And add to the fact business space rentals in major metropolitan areas is so high that it makes virtually impossible to turn a profit because more and more people are paying over 50% of there income in rent alone! Its a simple case of an owners market choking our economy and a decent standard of living! Also the fact that we allow foreign investors to buy units as blue chip investments! This artificially inflates not only the condo market but has a detrimental effect on mortgage rates for houses! The solutions are staring us in the face and we won't fix it due to a lack of strong leadership and flat out GREED! NATIONAL HOUSING SOLUTIONS NOW AND LESS B.S ABOUT THE SUBJECT AND BACKWARD WAY OF FIXING IT! 🤨😤😡!!!
Nationalizing real estate would be a terrible idea. Taking away property from current owners is wrong.
I am supportive of the government getting involved or getting out of the way in increasing supply. Home prices should come down. I saw this as someone who bought my first home last autumn.