Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
hello are all 3 of you realtors? I'm not quite sure what this interaction is all about. I've been trying to figure it out. Is it just me or is anyone else confused?
If prime minister think he can do what he thinks then he'll be flying by now.. 😂. People need to understand that lol. Natural factors and economic rules will work how they will.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
Top of the market - housing supply shortage and immigration, buy now! Q2 2024 cranes in the sky at all time highs, inventory rising, sales volume down, prices down, 1 rate drop...what happened to all that demand? Uh oh, reality is setting in. It's over. Luxury/expensive homes and condos are first to drop. Entry level homes will be the last to correct but they will.
@@Merakiii1123there are definitely investors buying. Anything that is a legal multi family, or can easily be converted into, is the main target. What we don’t have much of at the moment is speculators.
I was walking in the woods with my dog the other day. Came up the hill and 4 coos, 2 cop cars asked me if I'd seen any camps. Guess camping in the woods is a no go.
Welcome to what a real estate market should feel like. Real estate should NEVER be the centrepiece of an economy. You literally increase your sensitivity to every macro variable (of which many are exogenous). Just take a look at former cheap money, RE-centric economies of the past and see what happens. Read a book about Japan in the 80s. This isn’t rocket science. You need things other than RE to have a LONG TERM successful, diversified economy. Also, Econ variables lag tremendously. Just wait until unemployment stats really ramp up … then interest rates can’t save you. Canada is like a golfer with one club in the bag. Good luck.
Awesome. We're going to see flat market at the best if not correction for long time to purge the greasy investors who take away from purpose of homes which are supposed to be affordable.
Steve, what are your thoughts on how the frequent transit development areas and new zoning provisions like Burnaby's universal R1 small scale multi unit housing will impact land values? Are developers likely to push out all the single family homes?
1 BILLION in mortgage delinquencies in ONTARIO, highest ever.... people are not paying their bills. Imagine those that have delayed payments, property taxes, used a HELOC, maxed out credit cards.... canadians owe $1.78 for $1 of income.
Without quicker interest rate drop, RE market could crash. We have entered a very dangerous period. BOC in the meantime is clueless. Prices are down by 20%. Beyond that there is point of no return. Dangerous.
What we are seeing is a normal balanced market. This is healthy. Real estate agents have gotten used to a sellers market for the past 25 years + years. It had to end sooner or later because it just was not sustainable. A balanced market is great news. I hope it continues for a long time.
Canada isn’t just Vancouver and Toronto. Look at other parts of Canada for more affordable living. Millions of Canadians live outside of BC and Ontario and are thriving. Making less money but don’t have a massive mortgage or massive stress.
Anyone with half a brain knows exactly what the market will look like in the next 2 years and it's dosent look good for the people who bought $500k homes for a million. Correction is Is on the way as always. Up, up and up means a big dip. Markets don't care how anyone feels about it
This isn't even the top of the 2nd inning as sentiment is just now rolling over into the fear/capitulation phase of this GTA/GVA crash One metric is becoming abundantly clear for any potential Real Estate Buyer..... that being, there is absolutely NOTHING to Lose by playing 'wait and see' into lower rates/rapidly increasing supply as rates alone can NOT offset the vast majority Mortgage renewal GDP/GDI carnage about to unfold thru 2026.
The amount of “you know” in these particular episodes with John, is VERY hard to endure! I will eat my house keys if he doesn’t say “you know” at least 1000 times an episode, it’s gross… no different than saying “like” every other word
Rates need to go up to have a correction. Developers will stop the cranes and this inventory stops. Sellers will see that rates go up and sell lower which is exactly what is needed. Only then will buyers jump in and the banks will let you back in. The floor of condos has to go down so we can afford as first time buyers
Quite part on the role of the banks, and what system collateral means. Dropping collateral is a no-no and can cause huge issues for the govt, banks, pensions, etc.
What are you housing bears that continue to troll the videos expecting? A 50% fall in detached home sale prices? Never going to happen. You’ll be lucky to see 20% from here. And even after prices come down, going to go back up over time. What you guys should do is push for higher wages and closing the USA / Canada wage gap. This is the only way forward.
Every year around this time , the sky is falling the sky is falling. Northbay Ontario houses are flying off the shelves, the big city is over priced 🎉 anyone that wanted to move and buy has done it. Just like every other year.
![ได้เวลา! พาน้องแฝดฉีดวัคซีนครบ 1 เดือน🫣 [cc] แดนแพทตี้ SS2 | EP.52 |](http://i.ytimg.com/vi/IzeLtaXBLNE/mqdefault.jpg)
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
hello are all 3 of you realtors? I'm not quite sure what this interaction is all about. I've been trying to figure it out. Is it just me or is anyone else confused?
Unless I was laundering money I wouldn't touch real estate in either of these cities.
Canada has normalized grifting so much we expect it.
Lucky for you, you probably work at dollarama
@@Mike-sl7zy Jokes on you, I'm unemployed
Steve Ponzi
If prime minister think he can do what he thinks then he'll be flying by now.. 😂. People need to understand that lol. Natural factors and economic rules will work how they will.
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
She's Stephanie Aaron Trentham
This is correct, Stephanie strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started.
Yes, I agree with you. Her platform is wonderful, and her strategies are exceptional
It doesn't matter if you are a current hodler or a newbie. You can capitalize on the fluctuation of Bitcoin by trading with good strategy/signals
Heh 31m30sec “not sure if condos are overpriced” hey I’ll buy all your condos for $50 .. plenty of buyers out there!!!
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
This sounds so good and I would like to be a party to it, is there any way I can speak with her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
Top of the market - housing supply shortage and immigration, buy now! Q2 2024 cranes in the sky at all time highs, inventory rising, sales volume down, prices down, 1 rate drop...what happened to all that demand? Uh oh, reality is setting in. It's over.
Luxury/expensive homes and condos are first to drop. Entry level homes will be the last to correct but they will.
Bleh bla ble
@@EmilyHamsterLover bag holder spotted ☝
Top of the market was 2 years ago.
@Canadian_Eh_I poor renter spotted ☝🏻
@@Merakiii1123there are definitely investors buying. Anything that is a legal multi family, or can easily be converted into, is the main target.
What we don’t have much of at the moment is speculators.
why would anyone ever invest in ontario rentals again with the way the Ontario Landlord Tenant board treats landlords? We are DONE. Never again.
Good.
School is out at the end of next week.
Slow season is coming.
Sellers will have a different attitude about price by the fall
What? School kids buy homes now? 😂
Stop crying buyers are sitting. There are no buyers left at this price.
It's either rent or buy. Both are expensive. You're only other option is to pitch a tent in the park. So what are people going to do?
I was walking in the woods with my dog the other day. Came up the hill and 4 coos, 2 cop cars asked me if I'd seen any camps. Guess camping in the woods is a no go.
There are buyers but things just aren't feasible for them ATM
OMG still blaming rates not ridiculous out of the chart prices!
Welcome to what a real estate market should feel like. Real estate should NEVER be the centrepiece of an economy. You literally increase your sensitivity to every macro variable (of which many are exogenous). Just take a look at former cheap money, RE-centric economies of the past and see what happens. Read a book about Japan in the 80s. This isn’t rocket science. You need things other than RE to have a LONG TERM successful, diversified economy. Also, Econ variables lag tremendously. Just wait until unemployment stats really ramp up … then interest rates can’t save you. Canada is like a golfer with one club in the bag. Good luck.
Condos suck, over priced small prisons with one elevator always broken. Head to alaska eveyone. !!
Constantly rising condo fees and one Karen ruins the building lol
Awesome. We're going to see flat market at the best if not correction for long time to purge the greasy investors who take away from purpose of homes which are supposed to be affordable.
Steve, what are your thoughts on how the frequent transit development areas and new zoning provisions like Burnaby's universal R1 small scale multi unit housing will impact land values? Are developers likely to push out all the single family homes?
1 BILLION in mortgage delinquencies in ONTARIO, highest ever.... people are not paying their bills. Imagine those that have delayed payments, property taxes, used a HELOC, maxed out credit cards.... canadians owe $1.78 for $1 of income.
Steve’s looking nervous about market
Dump baby dump! Time to take a loss investors!
The Great Speculation Collapse is coming
Without quicker interest rate drop, RE market could crash. We have entered a very dangerous period. BOC in the meantime is clueless.
Prices are down by 20%. Beyond that there is point of no return. Dangerous.
What we are seeing is a normal balanced market. This is healthy. Real estate agents have gotten used to a sellers market for the past 25 years + years. It had to end sooner or later because it just was not sustainable. A balanced market is great news. I hope it continues for a long time.
Blow off top coming right up. Wait to buy.
“I still think like the free market figures itself out”
-Steve
Word.
😂
I honestly don’t understand why anyone would invest in the real estate market except to buy a home to live in.
Canada isn’t just Vancouver and Toronto. Look at other parts of Canada for more affordable living. Millions of Canadians live outside of BC and Ontario and are thriving. Making less money but don’t have a massive mortgage or massive stress.
It still holds true that wealth in real estate depends on time in the market not timing ⏱️ the market
Wheres all the pent up demand and people waiting on sidelines? I thought all these "experts " said once rates decline the market would rip
Anyone with half a brain knows exactly what the market will look like in the next 2 years and it's dosent look good for the people who bought $500k homes for a million. Correction is Is on the way as always. Up, up and up means a big dip. Markets don't care how anyone feels about it
Bro please address your eyebrows
we need a nice little rent strike to get us over the cliff.
This isn't even the top of the 2nd inning as sentiment is just now rolling over into the fear/capitulation phase of this GTA/GVA crash
One metric is becoming abundantly clear for any potential Real Estate Buyer.....
that being, there is absolutely NOTHING to Lose by playing 'wait and see' into lower rates/rapidly increasing supply as rates alone can NOT offset the vast majority Mortgage renewal GDP/GDI carnage about to unfold thru 2026.
The amount of “you know” in these particular episodes with John, is VERY hard to endure! I will eat my house keys if he doesn’t say “you know” at least 1000 times an episode, it’s gross… no different than saying “like” every other word
Rates need to go up to have a correction. Developers will stop the cranes and this inventory stops. Sellers will see that rates go up and sell lower which is exactly what is needed. Only then will buyers jump in and the banks will let you back in. The floor of condos has to go down so we can afford as first time buyers
Quite part on the role of the banks, and what system collateral means. Dropping collateral is a no-no and can cause huge issues for the govt, banks, pensions, etc.
Have they been warned by higher powers not to spook the market. These guys are very influential. It feels like forward guidance on this episode
Nice smile lady
No Needs = Don't Buy Homes / Condos Let ROCKET BOTTOM.😂😂😂😂
Grow hay while the sun is shining. Collect worms while it’s raining.
What are you housing bears that continue to troll the videos expecting? A 50% fall in detached home sale prices? Never going to happen. You’ll be lucky to see 20% from here. And even after prices come down, going to go back up over time.
What you guys should do is push for higher wages and closing the USA / Canada wage gap. This is the only way forward.
HAHA
Every year around this time , the sky is falling the sky is falling. Northbay Ontario houses are flying off the shelves, the big city is over priced 🎉 anyone that wanted to move and buy has done it. Just like every other year.
Yes, yes...everything is fine :D
It’s almost like there’s a … cycle.