Mass layoffs next 6 to 18 months will reduce that optimism. Supply and demand will be superseded by affordability, no frenzy folks. Trouble ahead, buckle up!
@@ant31891 Appreciate the comment!!! I am not trying to be gloomy on the channel, I am trying to have guests and hopefully we can figure out what is ahead 🤔
@@djcolourzone Aldo, many people live under a rock, I do believe that the storm is coming. What form of it, how long it will take and how severe, I don’t know, bit it is wise to prepare now. Most importantly, reorganization of portfolio
@@unlockyourway Yes I believe you are right...My guess is we are about to enter the perfect storm. Economically, Ecologically and Culturally. Disasters, Famines, Pandemics and everything all at once. An unprecedented time like never before and never shall be again. I just pray that if my family and I have to go, it is quick and painless.
@@unlockyourway Sorry for being a but blunt. By intentionally painting a rosy picture about future you are not helping your viewers.. Believe me they would curse you later for pumping the market for your personal benefit. If you want your viewer to love you n you channel, try to give them a picture as real as possible.. Chow!!
@@allanwatts8361 Appreciate your support and forecast!!! Channel is growing and more and more viewers are subscribing and sharing the content. If you have any suggestions please share and let me know please. Email: unlockyourway@gmail.com
@@rondennis3497 What would you do if you have a client and they want to buy a property today. Would you tell them “No Don’t Buy”? During Periods of 2020, when the market literally tanked after the virus, most agents said it would be catastrophic and there is no reason why real estate would shoot through the roof. It literally skyrocketed 20-30% annually for a few years. So direct question to you, what would you say today???
I have been seeing this long time ago always do opposite of what GOV say. I agree on all the points you guys are saying. Toronto realestate not the same as the rest of the world its just different here. I have been investing in realestate for years 30 + and have been telling people this. But you need to know what to buy and know the value of your property you are getting. Single family homes in good pockets or up and coming pockets. Condos are a different animal and diff clients Just follow logistics numbers to tell you where economy is going. Only one thing you guys said that is kind of wrong Canada did not go through a recession in 2007 if anything it was very mild. . The US did. Anyway Great show guys !
Very amazing video. May I propose some suggestions: 1- The body language your representing is very stiff (almost as if though competitive) I think you guys should be a bit more relaxed and conversational in your tone. I love the seriousness, but it feels forced. Natural is always best. Also, this video was really helpful to me, even though I'm still a Bcom student right now. Best of luck guys! Please pray for me, I'm going to be looking for jobs in this pathetic economy right now (Canadian) :(
@@mohsinahmad2894 Appreciate the advice and comments!!! Yes, sometimes it seems like the tension is there but, at least it was honest and not scripted like some videos. It is a serious topic and many additional topics, this also adds pressure. All we wanted is to be authentic and straightforward Best of luck in your future and your journey 💪
Bank of Canada just purchased 13 billion in bonds (repo debt)from the Big 6. It would appear that at least one of this group is experiencing some cash flow problems. This is an ominous sign.
Sorry, to clarify he said something like the banks are no longer funding buildings/new construction. He advised us against holding a rental property for the next decade, so we sold ours.
@@dougiep2769 Yes, but it could effect everyone and it’s already effecting… You are right, old money, mom and dads money, purchased property 20-30 years ago, people that are smart with their finances etc What did you mean exactly???
Good times are gone for forever.Not for the rich but for most canada has been destroyed forever and there's too many criminals out there...the ball game is over
I disagree...even the rich are fucked.. Not the ultra rich tho, thats the 0.01% You were sold a lie, they now call middle class the rich...and that is a divide and conquer strategy.
Canadians needs to pay greater attention to world geopolitical situation,this is not usual cycle as what happened in 90s .this time world politics will effect Canada big time so everyone should try to think outside canadian matrix in order to finnancially survive.
@@mariaspar7603 Good point, world politics will effect us as well, but how to step out of this matrix and step into something better…Most agree that Canada is or will be going through a rough time moving forward
We should stop thinking,talking,planing,sharing opinnions etc.with people that are in matrix,you can feel their energy, they have limited imagination and they suck you in their box with old ideas but we are entering a new world, and that requires new spiritual mind.maybe investing in realestate in modrica will pay off better then in Toronto😊
@@mariaspar7603 Agreed 👍 we should leave the old methods behind and look at the bright side!!! So much excitement ahead, but unfortunately the past keeps having these cycles and keeps repeating 😏 Modrica is always a good option
that is correct for like a year but after you have been reported by the landlord and get evicted guess what this will show up in every credit report and you will never be able to rent or buy again and basically be sleeping in your car so if anyone does that and thinks it is a smart move he has to think again.
They dropped the rates for political reasons. This guy in blue is comparing 08 rate drops to this coming up recession but back in 08 there was no inflation, thats why they were able to lower rates like that. They cannot do that this time around, are going into a recession with inflation problem, last time this happened was in 81/82 and BOC pushed interest rates above 20% to kill off the inflation, and rates stayed high (8% average) throughout the decade following.
@@mobfxtrading Yes, combination of many factors. Do you believe that, these interest rates are lowered just to please the current situation, but will skyrocket? What Duane (Blue Suit) was saying, is that the real estate will give and we will see prices cut in the future.
@@unlockyourway Yes. If you look at the late 70s, which was the last time we saw double digit inflation in Canada when Trudeau Senior was the prime minister coincidentally, the prime rate did not just go up in one direction; it was progressive, with the occasional lowering of the rate to keep ppl guessing. You can look at the prime rate historic chart on google for Canada and you will see it didn't go in one direction upwards to the 20ish % peek that we saw early 80s, it was big pushes up, with little pushes down to keep ppl guessing. At the end of the day, the only tool they have to kill off inflation is pushing up the prime rate, it has always been like this...the only thing is we have never seen inflation issues in Canada in 30 plus years so everyone forgot.....but now that it is hear, the way to save the economy is by increasing rats. Look, home ownership is a privilege in this Country, but hyperinflation hits EVERYONE, and destroys democracies. Ppl cant afford to put food on the table or clothes on their back when inflation gets out of control, so controlling inflation will always be the priority of central banks because they know history, not just the last 5 or ten years, but real history. They will 100 percent put us in a severe recession and destroy ppl with bad debt out there to mitigate the inflation issue...
You’re out of touch if you think if bank cuts interest the people are going to be buying houses and all is good. First of all, jobs don’t pay enough these days to buy a house for majority of people, considering how much shit cost these days. Major glum days ahead.
@@jacobfroese1683 I am not trying to gloom and doom on the channel, but I believe that many will find themselves struggling Biggest issue is dealing with crazy overload of debt 💸 Just made another video regarding DEBT CRISIS IN TORONTO REAL ESTATE th-cam.com/video/ZHeALAJgLRk/w-d-xo.htmlsi=NZxcKNz6IDgvLHzu
Burlington Condo 1 Bed 1 Bath Sold With Just $315,000. Real Deal. Not My Listing. Worthy The Information For Our Condo Investors. Record Low? 2017 Prices? #Burlington #Condo #Realtor #CristianEnache
You don't know these guys, so stop the attacks. There are bad apples in every barrel. There is none good, not one. If you are a Christian you are guilty of murder. Read Matthew 5:22
@@jeffotoole4509 Did you watch the video till the end? I see 3 professionals, who actually see what could happen down the road. How did you absorb the information from the video? What do you think, might happen??? Please share 😎
@@jay1645 Yes, mentioned this in the video…many consumers and buyers did not have common sense…most anticipated and forecasted, that this circus 🤡 will continue forever and that gains will be promised in the years to come… The truth, is simple!!! Loans and debt needs to be serviced or repaid at some point 💰
![[UNCUT] "บอสณวัฒน์" แฉ! แหล่งซุกเงินแก๊งบอส ขยันผิดที่ไม่กี่ปีก็เข้าคุก l คนดังนั่งเคลียร์ l17ต.ค.67](http://i.ytimg.com/vi/BL56qIfXYZM/mqdefault.jpg)
Mass layoffs next 6 to 18 months will reduce that optimism. Supply and demand will be superseded by affordability, no frenzy folks. Trouble ahead, buckle up!
@@ant31891 Appreciate the comment!!! I am not trying to be gloomy on the channel, I am trying to have guests and hopefully we can figure out what is ahead 🤔
YUP...THE APOCALYPSE IS ACTUALLY HERE !
@@djcolourzone Aldo, many people live under a rock, I do believe that the storm is coming. What form of it, how long it will take and how severe, I don’t know, bit it is wise to prepare now.
Most importantly, reorganization of portfolio
@@unlockyourway Yes I believe you are right...My guess is we are about to enter the perfect storm.
Economically, Ecologically and Culturally. Disasters, Famines, Pandemics and everything all at once. An unprecedented time like never before and never shall be again. I just pray that if my family and I have to go, it is quick and painless.
@@unlockyourway Sorry for being a but blunt. By intentionally painting a rosy picture about future you are not helping your viewers.. Believe me they would curse you later for pumping the market for your personal benefit. If you want your viewer to love you n you channel, try to give them a picture as real as possible.. Chow!!
this podcast is so professional, informative/insightful, and well made...it should have at least 500k-1million subs...how is this at 600 subs?
@@allanwatts8361 Appreciate your support and forecast!!!
Channel is growing and more and more viewers are subscribing and sharing the content.
If you have any suggestions please share and let me know please.
Email: unlockyourway@gmail.com
To be a good real estate agent you have to be a good Liar Correction coming 50 + %
@@rondennis3497 What would you do if you have a client and they want to buy a property today. Would you tell them “No Don’t Buy”?
During Periods of 2020, when the market literally tanked after the virus, most agents said it would be catastrophic and there is no reason why real estate would shoot through the roof.
It literally skyrocketed 20-30% annually for a few years.
So direct question to you, what would you say today???
I have been seeing this long time ago always do opposite of what GOV say.
I agree on all the points you guys are saying.
Toronto realestate not the same as the rest of the world its just different here. I have been investing in realestate for years 30 + and have been telling people this.
But you need to know what to buy and know the value of your property you are getting.
Single family homes in good pockets or up and coming pockets.
Condos are a different animal and diff clients
Just follow logistics numbers to tell you where economy is going.
Only one thing you guys said that is kind of wrong Canada did not go through a recession in 2007 if anything it was very mild. . The US did.
Anyway
Great show guys !
@@Relaxlifeisshort2 Appreciate your support and comments!!!
Very amazing video.
May I propose some suggestions:
1- The body language your representing is very stiff (almost as if though competitive)
I think you guys should be a bit more relaxed and conversational in your tone. I love the seriousness, but it feels forced.
Natural is always best.
Also, this video was really helpful to me, even though I'm still a Bcom student right now.
Best of luck guys!
Please pray for me, I'm going to be looking for jobs in this pathetic economy right now (Canadian) :(
@@mohsinahmad2894 Appreciate the advice and comments!!!
Yes, sometimes it seems like the tension is there but, at least it was honest and not scripted like some videos.
It is a serious topic and many additional topics, this also adds pressure. All we wanted is to be authentic and straightforward
Best of luck in your future and your journey 💪
Bank of Canada just purchased 13 billion in bonds (repo debt)from the Big 6. It would appear that at least one of this group is experiencing some cash flow problems. This is an ominous sign.
@@MichaelThoman Wow, 13 Billion 🥸
Our financial advisor told us all the banks have pulled out of real estate in Canada.
@@bc5810 Seriously??? Did not hear about that yet 🤨
Your financial planner is mistaken, even during the last 2 recessions banks did not pull out of real estate
Sorry, to clarify he said something like the banks are no longer funding buildings/new construction. He advised us against holding a rental property for the next decade, so we sold ours.
I suggest you guys look up Armstrong economics run by Martin armstrong
@@dougiep2769 Note taken
@@unlockyourway sorry guys but it's really not good.. b.o.c. is the only buyer of Canadas debt.
@@dougiep2769 Yes, but it could effect everyone and it’s already effecting…
You are right, old money, mom and dads money, purchased property 20-30 years ago, people that are smart with their finances etc
What did you mean exactly???
Good times are gone for forever.Not for the rich but for most canada has been destroyed forever and there's too many criminals out there...the ball game is over
I disagree...even the rich are fucked.. Not the ultra rich tho, thats the 0.01%
You were sold a lie, they now call middle class the rich...and that is a divide and conquer strategy.
Canadians needs to pay greater attention to world geopolitical situation,this is not usual cycle as what happened in 90s .this time world politics will effect Canada big time so everyone should try to think outside canadian matrix in order to finnancially survive.
@@mariaspar7603 Good point, world politics will effect us as well, but how to step out of this matrix and step into something better…Most agree that Canada is or will be going through a rough time moving forward
We should stop thinking,talking,planing,sharing opinnions etc.with people that are in matrix,you can feel their energy, they have limited imagination and they suck you in their box with old ideas but we are entering a new world, and that requires new spiritual mind.maybe investing in realestate in modrica will pay off better then in Toronto😊
@@mariaspar7603 Agreed 👍 we should leave the old methods behind and look at the bright side!!! So much excitement ahead, but unfortunately the past keeps having these cycles and keeps repeating 😏 Modrica is always a good option
Canadians just like every other western country are too brainwashed to truly even care !
Toronto Vancouver house prices ll go down % 90 imminent
@@dinoa.17 That will bring us to pricing in year 2000
Dropping rates slow because of the possibility of igniting the housing market and can't diverge to far from the US, or you will import inflation!
@@7966016 Your right about that. They have to balance at this point, but it is likely that we follow US and will go through a rough time
Renting is the best way you don't have to pay.The government allows you to do this
@@Doug-zl8nb I know what you mean! Tenants have such an upper hand on this, it’s crazy!!!
that is correct for like a year but after you have been reported by the landlord and get evicted guess what this will show up in every credit report and you will never be able to rent or buy again and basically be sleeping in your car so if anyone does that and thinks it is a smart move he has to think again.
Dwayne hit the nail on the head at least two dozen times..
Toronto real estate is dead for the few years.
They dropped the rates for political reasons. This guy in blue is comparing 08 rate drops to this coming up recession but back in 08 there was no inflation, thats why they were able to lower rates like that. They cannot do that this time around, are going into a recession with inflation problem, last time this happened was in 81/82 and BOC pushed interest rates above 20% to kill off the inflation, and rates stayed high (8% average) throughout the decade following.
@@mobfxtrading Yes, combination of many factors. Do you believe that, these interest rates are lowered just to please the current situation, but will skyrocket?
What Duane (Blue Suit) was saying, is that the real estate will give and we will see prices cut in the future.
China in deflation getting cut rate prices for goods from there lol
@@unlockyourway Yes. If you look at the late 70s, which was the last time we saw double digit inflation in Canada when Trudeau Senior was the prime minister coincidentally, the prime rate did not just go up in one direction; it was progressive, with the occasional lowering of the rate to keep ppl guessing. You can look at the prime rate historic chart on google for Canada and you will see it didn't go in one direction upwards to the 20ish % peek that we saw early 80s, it was big pushes up, with little pushes down to keep ppl guessing. At the end of the day, the only tool they have to kill off inflation is pushing up the prime rate, it has always been like this...the only thing is we have never seen inflation issues in Canada in 30 plus years so everyone forgot.....but now that it is hear, the way to save the economy is by increasing rats. Look, home ownership is a privilege in this Country, but hyperinflation hits EVERYONE, and destroys democracies. Ppl cant afford to put food on the table or clothes on their back when inflation gets out of control, so controlling inflation will always be the priority of central banks because they know history, not just the last 5 or ten years, but real history. They will 100 percent put us in a severe recession and destroy ppl with bad debt out there to mitigate the inflation issue...
Go ahead and get that 600k mtg so you can get your commission. The first guy is right boc lowers rates because recession comming.
You’re out of touch if you think if bank cuts interest the people are going to be buying houses and all is good. First of all, jobs don’t pay enough these days to buy a house for majority of people, considering how much shit cost these days. Major glum days ahead.
@@jacobfroese1683 I am not trying to gloom and doom on the channel, but I believe that many will find themselves struggling
Biggest issue is dealing with crazy overload of debt 💸
Just made another video regarding
DEBT CRISIS IN TORONTO REAL ESTATE
th-cam.com/video/ZHeALAJgLRk/w-d-xo.htmlsi=NZxcKNz6IDgvLHzu
Burlington Condo 1 Bed 1 Bath Sold With Just $315,000. Real Deal. Not My Listing. Worthy The Information For Our Condo Investors. Record Low? 2017 Prices?
#Burlington #Condo #Realtor #CristianEnache
I see Realtors still drinking the kool aid 😂
Time to move out of country.
@@the_real_man55 Definitely looks like it will be a rough ride moving forward
What do you get when you get three greasy realtors/mortgage brokers in a room?
⬆️
You don't know these guys, so stop the attacks. There are bad apples in every barrel.
There is none good, not one.
If you are a Christian you are guilty of murder. Read Matthew 5:22
@@jeffotoole4509 Did you watch the video till the end? I see 3 professionals, who actually see what could happen down the road.
How did you absorb the information from the video? What do you think, might happen??? Please share 😎
Looks like the banking cabal made distress calls to Ottw. drowning in our customers debts SOS lol
@@jay1645 Yes, mentioned this in the video…many consumers and buyers did not have common sense…most anticipated and forecasted, that this circus 🤡 will continue forever and that gains will be promised in the years to come…
The truth, is simple!!!
Loans and debt needs to be serviced or repaid at some point 💰