The Canadian Housing Market FOMO 2024-2025
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- The Canadian real estate landscape in 2024-2025 is transforming due to five key factors: Supply, Population Growth, Rent, Investor Demand, and Financing. Housing starts in Vancouver and Ontario decline due to rising interest rates, labor shortages, and reduced buyer interest, creating supply-demand imbalance. The CMHC calls for 3.5 million new homes by 2030, but the market falls short. Immigration adds economically productive individuals, particularly in the economically productive class, potential homebuyers, with a quarter in the family class, often with substantial savings, enriching the pool. Rent surges by 21%, driven by international students and constrained supply, prompting renters to explore homeownership. Expected interest rate cuts could reignite investor interest. High mortgage rates limit buyer purchasing power, but lower rates are expected. The Canadian real estate market faces rising demand, with timing crucial for seizing opportunities.
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The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
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You're banking on the fact interest rates will drop pretty soon and I would not be so sure as that would crush the Canadian dollar. Let's remember BoC objective is to protect the currency.
Great point. I totally agree. 👍
Ya interest rates will remain high until mid 24 and then gradually come down over 1.5 to 2 yrs.That’s prime rate . Fixed rate will start coming down before in anticipation of bank of Canada’ s rate going down.But never to Covid levels. Fixed 5 yr rate will stabilize at 4 % around in the mid to long term.
@@AnitaSridharI wouldn't bet on rate decrease . You are betting on housing collapse and economic crisis so boc must decrease rate. But I don't think it's good to bet like this.
Theyll fall after a bank failure, yes
Totally agree with you! There is a lot of factors, and they all have been explained by Tiff, but realtors fail to listen! The future Canadian economy is at stake if affordability is not restored!
I was in USA last housing market downturn and it people thought same thing as you within rhe first year downtown being optimistic which market displined them. It took another 3 years to bottom out and here in Canada we got long way before we bottom out.
I rent a new TH in Vancouver. My rent is $4000. The carrying cost for the owner is $9000 if you include taxes and strata. He loses $5000 a month after having made a 20% down payment of $266,000. I'm extraordinarily happy to see the price falling in Toronto because Vancouver is next and before they lower rates, the whole country will deflate. By the end of 2024 I might consider buying, but the price needs to drop 20% and the borrowing costs need to get back to 3.5%.
But principal payment is not a cost
I'm sure you know how amortization works. On a 30 year fixed at 6.5%, how much principal is paid back after 12 months? Then 5 years? @@JackyKuk
@@JackyKuk But if you save that principal into GIC @ 5%, that's still a lot.
right now yes, long term not so much @@wendiz7028
U know if the rates drop to 3.5 , then you'll be priced out of buying a home again
I think your outlook on Canadian real estate is optimistic. I see debt issues and re-qualification issues. The rates will stay higher for longer and expose many to unmanageable debt. This will create the inventory that the lack there of has stabilized the market thus far. Speculation has run its course and created an unsustainable housing affordability situation in comparison to incomes. These types of imbalances realign themselves. It realignment does not happen due to government interference, then bubbles are created. The government will not risk having to support the housing sector indefinitely so a slow deflation becomes the favoured option. 3-5 years of +5% rates should do the trick.
Should look at statistics for real. How much people have savings money. Here in my country in Europe it is a lot. Because people trying to save up for buying a house as there is huge demand means also huge savings.
The housing supply will not balance for 6-10 years. With lack of supply, price wil go up, and up.
While, yes, rents have gone up significantly, the cost of renting is no where near the cost of ownership in most major Canadian markets. To buy the place I currently rent, the mortgage cost alone is about 2-2.5x that of the current market rent price. This ignores all taxes and costs associated with home ownership. If you don't own now, it makes far more sense to keep renting. The money saved can be put to better work elsewhere.
Canada really doesn't need any more immigrants, period. There's no housing or routine medical care available for the people already here and immigration has driven wages so low, that combined with an oligopolist business climate, has destroyed the livelihood of more or less half the population. As an example, I rent a 3-bedroom house in a suburb of Portland Oregon for $2400USD/month. In a comparable city here, a one-bedroom apartment rents for $ 2500 -3000 CDN - if you can find one. Now considered everyone is paid less - I don't mean 10 or 15 percent less but often 50% less say in engineering, nursing or accounting, and consider that everything else in your life cost 25 - 100% more than stateside. Then consider you have governments that even though you make a lot less and pay more for everything else, still collect proportionately more in taxation. Liberal do-gooder governments more concern with saving the world from climate change, or LGBT issues or saving refugees from the cruel world or hundreds of other woke causes have destroyed Canada for the people born here. The best that can be said about our great leader, Mr. Trudeau is that he's a woke oriented goofball, who has demonstrated numerous times he couldn't lead a group of kindergarteners out of a wet paper bag and his progressive agenda over the last eight years has completely destroyed the living standard of the common man born here.
No one is buying houses or at least only few are buying. Newcomers don't qualify for a mortgage. They have to be at least 5 to 6 years to be potential buyers. House prices will go down
I see two main aspects to this. 1st, BoC will have to start bringing down the interest rates mid 2024 to avoid sudden unemployment jump and collapse of housing market which happens to be a huge part of GDP & government's income. 2nd, the housing prices has to at least grow less to kind of make sense to stay in Canada, so they will probably try to keep the rates in the 3-4.5% for a few years. My guess is that overall housing will still go up but probably the average rate of growth in the next decade will be half of the past decade and of course it will be significantly different by location.
There will be no FOMO, people are strugglung hard. Cant afford this current rates. I still think that rates will remain high for a longer time at least till the ones that bought in 2020 renegociate there rates. So maybe till late 2024 mid 2025 imo.
A recession can change everything, including the number of immigrants. Prices could still go down from here, not a good time to buy, better to wait
Yes
No I don't agree. Interest rates will remain high. Homes are unaffordable for most people. Mortgage renewals will force people to sell. Recession is coming people will be laid off. Banking crises coming.
Incomes, affordability and interest rate will burst the bubble.
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too.
Do you mind sharing info on the adviser who assisted you?
Problem is everyone wants to live close or in the major cities avec compared to the Us we have very few of them and it's almost all built around them. Population is growing a lot with immigration and they all want and need to be at the same place for jobs and services. Look what the government wants to build (only rental apartments and a very few town houses). It's game over for new single family houses specially the one which aren't for the rich. The existing single houses is all there ever will be around those cities. People start to buy in group specially foreigners so they can still afford big offers but they sign the mortgage as 4-5 working adults together
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Stacie Lynn Winston lost all my money, would not recommend
My opinion is that investing is a better way... Please let me state my views here The one thing i keep hearing about is the cost of capital gains tax, what is wrong with a house going up say $200,000 and then you pay $50,000 in capital gains? you make $150,000 not too bad. The other thing that nobody talks about is the pay down of the mortgage that happens in the background, What ever the mortgage is... is the money you make in the future. In 25 yrs when the home is paid off that money is your TAX FREE. so say you bough property for 600,000 and it went up 200,00 to 800,000 after 25 yrs you get the 600,000 + the 150,000 after the capital gain is paid for a total of 750,000. since your renters paid off the mortgage its your money. It's a win big time. Who cares about the mortgage rate? the interest is a write off each year. Buy now benefit later. OHHHH and the BIG win is if you decide to remortgage the property instead of selling and put another down payment on another property and get more revenue...... This is how it works. good luck !
Assuming the rest of Canada lives outside of Toronto & Vancouver as a supervisor in the the housing industry I see pre-sales dropping like a stone and inventory rising. Buckle up things are going to get rough
The lack of starts are due to lack of affordability, which makes everything worse.
Lack of starts, no houses to buy.
Few houses, prices shoot up. In every market ever.
Whoa whoa. Current interest rate not sustainable? Why not?. Do you know how long this kind of rate existed in the US? Decades. !!
The reason for the coming crash will be the unsustainable home prices.
I don't know...everywhere I look there are new condos being completed like Oakridge etc. So I think a lot of bs out there. Mind you 1.4 m for a one bedroom is insane. Too ridiculous.
I agree with you 100%. As an immigrant myself, and a renter who has decided to finally buy after increasing rentals, everything you said applied to me. And it definitely applies to 10s of thousands of other immigrants. I also agree that there's no possible way that I can think of where house prices will go down. Not for the next 4-5 at least. And the reason I say 4-5 years, is based on the assumption that conservatives "might" win the elections in 2 years, make immediate and significant regulatory changes that could benefit builders, and also put some brakes on immigration numbers, bringing them back to reasonable levels, which would mean that we would need at least 2-3 years after that to start feeling the cool down of prices. In total, 5 years at least. This is a best case scenario.
Interesting logic man. I will keep thinking on your point as I watch native Canadians at the cash registers of grocery stores. Maybe we a headed for stagflation.
Buying at the top of a bubble usually results in massive losses.
On vancouver island BC, new build 800sq ft apartment with 2 bedroom will be 3500.00 oer month. Craziness. Who has income to support this. You can build but who can pay for the build, owner or renter. Home ownership may be better, but due to scarcity increasing costs pretty impossible to get this market.
Here's a not so novel idea : Build neighborhoods of low square foot BUNGALO style houses with basements, rear alley facing garages and front and back yards. It was popular and no one complained since it was plain up ubiquitous. End these sole option, cheap built McMansion no one needs. Hell with Great rooms and over size furniture.
There is nothing different right now then what is going on in the USA, Australia, new Zealand etc. All these countries are following the same pattern lower than needed supply, high interest rates, high prices. It is not a Canada thing. In the USA sellers want 2021 prices in 2023. Same here same in many countries. When they fall we will too
Where are families going to get the money to afford these mortgages?
Rates need to stay high so prices can come down to realistic levels again , the low rates fueled the bubble that needs to pop , crappy tiny condos should not be selling for what a detached house was less then 10 years ago, regardless the rates everyone buying now it getting ripped off ..houses should match local incomes not something that should be speculated on to the point where everyone is now going homeless in Canada
Presently high rates and high cost of housing ….is the number one driver of inflation.
The fed IS the inflation.
It must come down before it crashes down
Imagine the debt that would come from baby boomers retiring if they suddenly had no equity in their homes.
Or the cost to millennials to cover CPP
Regardless of demand, People don’t have money not income to buy real estate at these prices., so the only way for them to buy is only if Banks give them huge mortgages at extremely low emergency level interest rates.
A real estate crash followed by a period of moderate price appreciation (1-3% per annum) would be very healthy for the Canadian real estate market. Housing should be seen as a place to live, not an investment that appreciates faster than inflation.
It will cause some pain in the short term but will make Canada more affordable for normal people in the long term.
I recently closed on a home for 400k. In Toronto and Vancouver a comparable house is over $1.2 million. I believe Canada needs to decrease immigration until we have more housing built. This will likely also mean encouragement of newcomers and those born in incredibly expensive cities to move elsewhere, to towns and cities that build more homes and are less overrun with red tape and NIMBY laws.
I got news for you, interest rates will not drop..banks need to stay ahead of the rate of inflation or they will lose money! Interest rates at the current rate is the new normal!
There are many technical reasons to see the market direction but we shouldn't ignore the psychological levels to see this . BoC rates will drastically change the whole marker, the moment it will start drooping to just .25 percent, Buyers/ investors holding and waiting to see the low interest rates and some who are waiting for seeing the home prices as bottomed out will develop FOMO and will start jumping in as home prices will start rising again , yes buyers are there and all waiting and getting qualified is another thing so lower rates will fuel this. Investors would be able to close the house at low interest rates , this will decrease the inventory and as projected interest rates will gradually be in descending mode, prices will again go up , labor and material prices won't come down hence will lead to low inventory. The only fear is mortgage renewals for most is at stake but how many would let their real estate equity go into the hands of banks , Canadians trust the real estate investment and they will spend every dime to save their equity but yes there will be some who would have no choice but to list their homes, this will increase the inventory so basically there will be buyers + investors and sellers same time, I see more a balanced market in 2024 with upside 2025, 2026 onwards will surpass the previous peaks.
Even if the rates drop the banks have lost some much capital by short selling the bonds to raise capital because of the increase by OSFI and you think banks will accept loss and lend you for low “Wishful Thinking”
Realtors and brokers are the intrest speculators
Fantastic. Real estate in Canada is the best investment on Earth. Much better than cryptos 😂
Great insightful video. Best Wishes.
I was hoping to find a realtor who would help find a buyer who is interested in investment property with great tenants willing to stay.
I agree all your points, especially that it is complicated. Your suggestion to look at Reits is a good one as unlike a house, you can sell a bit of it anytime your need cash and hold them in a tax free account. I would encourage people look look outside of Canada for bargains as the UK and Germany have Reits trading at 50%+ discounts to NAV.
This hit a lot of painful points for me.
I am a Software engineer living in Toronto, companies forcing us to return to work which means we cant live in cheap towns anymore, and even on my six figure salary I'm probably gonna be stuck renting for the rest of my life, ontop of all that, I hope AI, Layoffs and immigration doesn't take my job and future opportunities. Future looks grim.
ugh.
Sorry to hear that!
@@JackyKuk thats the way she goes.
sometimes she go, sometime she dont.
Find job and move to the States. There is no place for us and no future for us and our kids in Canada.
@@Chima4289 im currently in the process of interviewing in the states for TN visa. Fingers crossed!
Nice to hear a different perspective. We know long term … decades … real estate goes up
Unless you live in Edmonton, Alberta where the rule of thumb is it always goes down.
Wow…finally some truth bout the housing market. Lots of doom and gloom out there but present situation isn’t sustainable
I agree with you 100% …. It’s funny. Everyone thinks 2008 is coming and they are so smart because they “know” it’s coming… market crashes are almost never for seen.. also, if you have been in the markets of any kind for any amount of time you will know that…. When everyone is saying the same thing, that thing almost never happpens lol. Look at comments. Everyone thinks the pay “kmow” something …. Only time will tell 😊
Jacky, great video. What would you think about the pre-construction homes or condo. Prices are 200-250K more than current market price witih closing end of 2025 or 2026...
Nah i wouldnt touch presale too much risk of not completing due to interest rate
Everything drunk on debt needs to sober up for a decade or so. Increasing equity month over month is the only way to keep the ponzi going but this is less and less possible.
Nice video. One element that allows people to buy or rent despite the high prices is compression of personal space. I imagine people just compress within the existing homes as population increases. Do we have any information about that dynamics?
Interesting! I will look for data on this
@@JackyKuk Thank you! I remembered being a student and we were 3 living in a 2 bedroom. It might be happening more often now. Really love your channel btw.
What if this is the start of Stagflation ?
At this moment no sign of stagflation yet
@@JackyKukcould you enlighten me how we don’t have stagflation?
We had negative gdp growth last quarter and inflation is above the central banks target. Thanks!
I think weve been in Stagflation for over a year now. It will continue. Stalling economy, GDP not really doing much, but prices still creeping up. That is the literal definition of stagflation.
Why is deflation bad for the economy? Are people going to stop buying things because they cost less? Will they buy higher quantities of the same item if the per unit price drops? Will the producers make up the drop in margins caused by price drops via higher quantities sold (although deflation should decrease their input costs as well, which should allow them to keep similar margins but lets assume this doesn't happen at a similar ratio so they do see a drop in per unit margins)? Maybe BoC should have -1% to -3% target for inflation instead of decreasing people's purchasing power by 2%-3% every year.
You have it backwards, deflation is when price goes down BECAUSE people are buying less hence a sign of weakening economy. Deflation is a result of economic change, not the cause
This leads to uptick in unemployment and creates a spiral
@@JackyKuk I never said deflation causes economic change. Is it a sign of weakening economy when electronic prices come down year over year from the same goods? I just asked a simple question: why is deflation bad for the economy? Moreover, people don't just wake up one day and decide to start buying less. They only do so when they can't afford the prices because either, the items are overpriced or their purchasing power has gone down. Both of which can be helped by deflation bringing prices back into equilibrium. Now, if unemployment is rising, well that's not caused by deflation as you just said, that's a sign of something fundamentally being wrong in the economy itself. Controlled or low levels of deflation are actually a good sign in a healthy economy because it suggests that there are more goods and services out there which actually improves quality of life for everyone.
Jacky, I used to respect your knowledge, and videos, but this one made me lose it. You missed few critical facts or may be intentional as you are just trying to make a bull or buy case for RE as it probably helps your business. I see this as a biased advice, I am leaving this comment for other viewers to provide them with some additional points to consider.
1. No rate cuts will happen before May-June 2024.
2. For rate cuts to happen, we need to go through the pain of job losses. unemployment number going up directly affect housing prices.
3. US economy is still hot, and it seems US FED will raise the interest rate, if we don't follow them our CAD will lose in value. so for BoC - it's death by fire or death by ice scenario.
You are a smart guy, I think you are avoiding all this facts intentionally to make a strong buy case. Best time to buy will be Q2 2024.
unknowns -
1. we don't know depth and breadth of US Recession
2. we don't know how it will affect us.
3. we don't what happens when unemployment numbers goes up in over leveraged market. WE have never been so overleveraged.
Rate cuts will happen, but you are discounting the paint that everyone needs to go through.
This is not advice at all as i stated its just what i see, i welcome all views especially opposing ones like this one
Point 1 and 2 you listed are what i said in the video
@@JackyKuk Studying Canadian recession history this weekend; our country has not experienced a proper recession since 1982. only 1982 data can be applied in current scenario, and 1982 was bad from the unemployment perspective (11% unemployment), and i am not able to figure how do we get out of any possible scenario. RE and money printing saved us from 2020 downtown. since currency value might drop, please consider hedging in to some other currency to save value of your wealth. Unless its foreign money, all the people living here need a 'job' to pay those high rents or mortgages.
I am sorry I like your videos, and knoledge but this one tipped me a bit. it felt like a narrative to get more buyers, so wanted to help common folks. common folks should not fell in this trap.
Thats fine, it was an opinion piece aimed to rile up discussion, not a buy or sell piece
The BOC rate will depend on fed decision… hope 2008 won’t repeat in Canada and they might stop immigration for quite sometime to avoid damage. Inflation might increase during winter but economy and real estate will revive in Q2 or Q3 2024. Housing price might drop between 1st and 2nd quarter but it will raise when BOC reduce interest rate… Note:680 billion dollars of mortgage getting renewed in 2024/25 , BOC has no other option apart from cutting down interest rate else they will be back to 2008. I hope BOC will play safe after mid 2024.
Its a good pitch and people have made bad decisions on stupider stuff than this
Spoken like a true bag holder.
House paid off n sold all rentals 2021 😁
People are becoming "un-well" and passing suddenly. I will be buying these poor peoples homes for 10 cents to the dollar. Elon Musk said there would be a shortage of people.
Deflation is bad? LOL! That was a good laugh! Sorry... can't help it. Deflation is great for savers and the fiscally responsible.
Nope deflation is much worse than inflation.
Oil stocks are paying dividend's of 18% to 28% as the Saudi's want barrel to maintain at 90 dollars a barrel to fund the 2030 Line and Cube and futuristic trillion dollar projects. Oil demand despite green initiatives is at the highest demand in history projecting to hit 120 a barrel soon, also, not going down anytime soon. Long story short housing is not the best bet right now with interest rates up 500 basis points and moving quickly to the historical median average of 8.75% and BOC gave no sign of cut's and CPI came in at 4% so another hike is coming soon. It's time to think outside of the the housing box!
It's always the fools that figure it out last. The market is saturated with a bunch of sellers that are pricing their houses as if rates are still at rock bottom. As rates stay higher for longer, the pool of qualified buyers gets exhausted and dwindles, the inventory levels will keep building unless sellers reduce prices. With all the new builds being completed + with all the government subsidized housing coming down the pipeline, this will create even more competiton for sellers.
There is a herd mentaility and all the sellers think the same. This means as higher rates are accepted, the sentiment will sour. Sellers will try to front run each other before prices go lower. Everyone will be running for the exit all at once. Not everyone will be able to get out in time. Those that are hanging on and expecting lower rates to bail them out, they are toast. Especially if they took on max leverage at rock bottom rates.
we will see, i have no skin in the game i own my place debt free and not looking to sell. I believe high rate will bring short term pain to the market but it creates a massive long term supply issue that we are seeing right now from new constructions. would be interested to revisit this comment a few years down the road.
Thanks for the update Jacky. I look forward to your videos and the hard work you put in!
Yes I agree, I see an upwards trend in the real estate market. A lot of my other millennial friends and zoomers really want a housing crash... but I just don't see it. There's too much demand and too many people coming into Canada. I think there will be some defaults in the near future, but I doubt it will have a crashing effect. This is especially true if they start cutting interest rates.
The second they announced interest rate cuts - I think the housing market will go back into another feeding frenzy. Similar to what we saw during the pandemic.
So far prices been slowly going down for last few month
recession, increased mortgage payments there is more room to drop
Too much pent up demand. I cant see the housing market crashing. Plateau maybe.
Now is obviously not a good time to buy
Lol this guy must have some investment real estate he needs to sell
Nope sold 2021 dec already, also nice of you to think a video with less than 1k view can do that much damage XD
@@JackyKuk so you sold your property already but you’re convinced the market is going to launch again starting in 2024? What am I missing here, why aren’t you buying property yourself? Rates aren’t going lower any time soon either. Canada’s economy is tied to America’s at the hip and unless you want inflation and an even more worthless dollar, interest rates are staying close to par with USA’s rates.
There is an unlimited supply of rich foreign investors, they are the only ones who are inflating the economy, the Canadian economy would have crashed 10 years ago if not for foreign investors, cause they bring cash and buy cash they don't own stupid mortgages.
@@4spooky8u The US economy is even worse and yes the USA will drag Canada down with them as they burn. Do you think they will be able to sustain high-interest rates indefinitely? For starters, in order to keep high interest rates you have to make sure that people can afford to pay mortgages, and since salaries don't grow at the same speed as prices and interest rates we will just see more foreclosures and short sales. It has been happening in the US and Canada they just don't want to report on it and create panic, but things won't improve even if they reduce interest rates rapidly, they screwed up majorly when they decided to fight Russia.
@@vkrgfan I ain't reading all of that
14:10 Agreed, not the right time to invest. Prices have not dropped enough yet, you would need to put 70% down to breakeven and not negative cashflow.
We should wait for government intervention or prices to come down more.
Also agree that 2025 might be the best time to buy once people have 3 years of FHSA available.
Government intervention? Into the private sector?
After I worked and saved the gov would step in to take my money away so the next generation can be gifted?
The socialistic ideas in Canada are very popular, that’s why government will for sure bail out homeowners. That’s why I agree that drops of 20+% seem to be unrealistic. I suspect stabilization of prices and then big bull run as rates start dropping ever so slightly.
lol if think that rates MUST fall. That's pure cope. Look at a historical chart, rates can get even higher and stay that way for some time.
Different time n different gov bond structure but we will see
In a balanced housing market many folks commenting here would be correct.
But this is not the top of the real estate cycle as it was in 2007.
Right now, there is a lack of supply. High interest rates have suppressed demand, but did not make it go away. It’s waiting.
In any imbalanced market, a supply shortage will cause a surge in prices.
It’s harder to see from Toronto view point as it is from Edmonton. Edmonton has risen 18% over past 5 years.
But regardless, Covid interrupted the real estate cycle, then interest rate hikes.
Demand will be back fighting over very few houses. I am looking for a doubling of house prices over next 5-7 years. Each city slightly different.
This is housing, not electric cars. People must have homes. 3.8m more needed ABOVE current building rates.
There will be a line up to try and get a house, regardless of price. Prices going to the astonishment of buyers, who will rush in to secure their home.
Stagflation anyone ?
Thanks for the video Jacky!
Excellent information in this video. thank you.
I think this video is just a collection of data and a story of zero value regarding Canada's current situation in the real estate market and where the future of house prices is headed.
Also, Jacky Kuk has only one purpose here, that is sell you to Canada so you will come and invest your money here.
What a dumb idea. All of the recent data of overpriced housing and homeless population growing faster and faster tells me Canada is not a place I want to invest my money.
I feel safer investing my money in a brown paper bag and a loaded 45.
Flattering you think a 10k view vid can sell anyone 🤣
😂funny story
This guy seems to not understand economics. Yes project starts are lower than last year, but last year was a record year. Completely blind to policies coming into place this fall that should encourage building and cap demand such as certain classes of migrants.
Thsnk you for that despite the tone i would like to hear more
Why is deflation a bad thing? Why not 0% inflation target?
Deflation is when tomorrow’s price is cheaper than today hence people have 0 incentive to spend and economy will come to a halt
a good thesis but limited in scope...you must take into account the LARGEST domestic factor...boomer-millenial wealth transfer...
Chinku Makyade