95% Chance of PRICE DROPS in the Next 2 Months - Canada
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- เผยแพร่เมื่อ 24 มิ.ย. 2024
- The data is overwhelming for the probability of real estate price declines in the then 2 months in Canada. 95% odds of this happening which increases to 100% if you exclude the 2020 pandemic data. I also quickly review inflation data and criticize a recent CTV news interview with Canada's Housing Minister Sean Fraser and his non answers on housing affordability going forward. #housingcrisis #realestatemarket #realestateinvesting #bubble #jonflynn #news #realestateinvesting #investing
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Inflation never went down. All inflation numbers reported are on top of what has been going on in last few years. Ordinary citizen doesn't care about quarterly results. Their salary did not go up with inflation over years. That is what they are facing.
I agree, well said
Except inflation is a global issue. Pssst. Facts who cares?
Housing pricing in the near future will continue to rise because of currency devaluation and excessive money printing
I've always wondered when inflation # is compared to..shouldn't it be from a defined point in history, and not last 1/4?. Otherwise its inflation increase based on the last inflation increase..so 2.9% + 2.7%, which to me is 5.6% total inflation.
We did it Toronto-St Paul's! we sent a message loud and clear!
Yes.... Thank you. And the rest of US will be following next year.
Don't be a fool. They gave you 2 choices. You lose either way.
@@surprisek3918 True. But even if the other scenario is just a lesser loss then we have to accept reality. There is NO OTHER choice other than the PPC for me... but they're not going to form government... for now I'll accept the reality of today's choices.
@@calgarycanada248 What possible difference will Peter Pocket Pool make? Come on, man, get serious. Conservatives love the rich and hate everyone else.
Have you seen what the incompetent Doug Ford has done to Ontario and having PC at federal level won't make any difference.
I can't stand this word salad. Politicians make me sick for the most part. Fork tongued liars.
Liberal Party 101: say a bunch of words that don't actually address the question and then blink until the reporter goes away.
I don't know how they come up with it, they must practice and rehearse for hours.
Failed drama teacher to be exact.
Politicians are just the consequences of the people.
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed.
The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift?
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The condo market in the GTA has already shown the beginning of a crash or free fall. 8100 + condos that are available that no one but investors would want to buy. $700K for a 1 bedroom shoebox in the sky??? WTF???
The crash is imminent. Get ready to have some dry powder to get a good deal.
"The crash is imminent. Get ready to have some dry powder to get a good deal..."
I'll take things that many Canadians have been saying for decades for 50 alex.
@@Joe-mz6dcsee on the chart, where the price comes down 22% from pandemic highs... that's a crash.
I'll take things that already happened, and are poised to happen again for 100, Alex.
yep well said
@@Joe-mz6dc how can you not see that with Canada's declining GDP and people already struggling, that there's simply not enough money to pay off those properties?
The problem still they have ability to not decrease the price!!! If they decrease the prices for sure somebody wants to buy them instead of renting
Retirees need that housing equity to escape 🇨🇦! 🤣Great work Jon. Congrats on 20k subs!
Absolute nonsense. Are you even a Canadian? Most retirees with homes plan to leave them to their loved ones. And why would we leave Canada, and our family, friends, our relationship to the land, our history and culture? There's more to life than money, you know.
Retirees need higher interest rates so they don't have to move to Mexico to retire to get those double digit interest rates in a stronger currency.
@@TT-fq7pl If you're happy in Canada good for you but for your information, many retirees are fleeing the country in droves. I know I will be leaving and never looking back. I hate this place so much. This is no longer the Canada in grew up in and it is no longer the Canada my ancestors built. It's not just a financial thing, it's a morose wasteland thing.
@@MarcusDaGrand Retirees fleeing in droves? How can they afford it? Have you seen the price of a drove lately? Inflation has put the cost through the roof! As for your ancestors who built the country, do you mean the Chinese slaves who died during the construction of the railway, or the SS officers who escaped after the war and settled all over the prairies? I realize it's hard to pin history down, but it helps if you read a few books. But don't worry; wherever you're going, whatever paradise of racial and moral purity you're hoping to find, I'm sure you won't be forced to read anything there either.
So the housing minister is not able to say that the house price needs to go down. Such a clown 🤡
lots of talk but no action from him
Bear in mind, until this year this same moron (Sean Fraser) was the IMMIGRATION MINISTER who brought us the immigration crisis and all of the knock-on effects from that (homelessness, rent affordability, violent crime, low economic productivity).
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
If you fall for Fraser’s answer, you’re probably a Liberal voter.
He doesn't want to answer the question because the Liberals have managed to paint themselves into a corner, and there's a binary choice now. Restore affordability, or protect home prices, there is no third option. Both of these options are deeply unpopular to large portions of their electorate and either choice is going to get them kicked out of government next year. Unsurprisingly he's trying to play both sides, but most Canadians can see through the obvious contradiction.
They must think we're stupid or somethin'. Can't wait 'til next Fall and hopefully Sparkle Socks will be gone from Canadian politics. He belongs in a Nursery school.
LOVE THE FIRE SALE BACK GROUND.
It's called a correction. We need a correction. We needed a correction in 2009 but the gov't back then stepped in and pumped the market. We haven't had a correction since the 90s.
We need to wash all of the investors out of the sector by taxing them at commercial rates and dropping the land transfer tax.
It's been absolutely incredible that we've hardly seen a correction yet. And in Toronto that means 25-30% drop from here.
America got a correction from 2008 to the fall of 2012.
@@parkerbohnn yup. American real estate is in a much more healthy situation.
That toronto house pictured behind him sells for 1.4 mil.
yep
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed.
The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift?
Have you established your quantum system account, embracing the new paradigm?
Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold?
These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible.
It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪
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The Trudeau mouthpiece is a professional BSer
And this is why we can't stand politicians.
Prices coming down to 2019 levels and staying there for about 10 years to allow wages to catch up to what were still high prices in much of the country would be ideal.
I'd like to see lower but it might be the only way that current owners don't get burned too badly. I'm torn lol
Sell your house for 2019 prices then😂😂😂😂
@@milhouse8166 that’s why I think a return to 2019 levels would be ideal. It would hurt people who bought since but it wouldn’t cripple the economy. This is in my semi-educated but certainly not expert opinion.
@@apprenticephil649 I plan on living in the home I purchased in autumn 2023 for many years. If I move cities I will sell for what the market will bear. If it is significantly lower than I paid I plan on renting it out. With the basement suite I should be able to rent for enough to cover my expenses. It is not an “amazing” house but it’s in a pretty desirable location so I’d like to own for life if possible. I feel very lucky to have purchased it.
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Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏
She's a licensed broker here in the states🇺🇸 and finance advisor.
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Can I also do it??? My life is facing lots of challenges lately
As far as I'm concerned anything short of "prices have to come down" is the wrong answer.
What a clown this politician was !!!
Thank you Mr. Flynn for the effort you put in to educating us on real estate. God bless you.
You are very welcome
A home here in Welland On. that you would assume would go for between 550 and $650,000, is listed at $299,900. My wife told me today that one of her friends sons put in an offer for 500,000 and the real estate agent responded by saying that they are not excepting anything under 600,000. Should definitely not be allowed in the material real estate board should really do something about situation like this. It makes the whole industry look cheap and fake!
The issue of regulation is that it targets demand or supply to try and address affordability, but most of the time it just increases inefficiencies, and the end result is higher costs anyway.
If investors are allowed to purchase as many properties they can , then how system can ensure affordable housing is only for those who are in real need .
Why we are not talking about to limit the number house purchase by any entity ,
Investor and agents manipulation play a big role in housing market crises for ordinary and working class of Canada
I totally agree 100%.
Your point is accurate and obvious, unless you're one of the many greedy speculators online who prefer to blame everyone else for the country's housing crisis.
I am here, John! Waiting... It shall happen
forget homes RV is your best bet now not tent city.
your patience will pay off
@@jonflynnme too looking forward to 1919 prices.
It's not a contradiction, they just want lower rates, which would improve affordability. The only way to build more affordable without directly subsidizing, is to build smaller and cheaper. Might be OK for rentals, but not for condos. Already too small, which will be a big problem in the future for growing families. There is exactly ZERO chance (+-0%) they can reduce the price of the detached homes. If they fall, it will be as a result of normal market forces: recession, interest rates , etc..
The politician: blah blah blah sam slick from slickville blah blah blah. He'd best have other employment plans...not looking grand for libs
Yesterday on Centris (Quebec real estate MLS), virtually all the new postings in the Outaouais were price reductions. Between $50k and $10k. I guess all the realtors have come to the realization that this is the last week of June, and as Jon mentioned and it's your last opportunity to try and sell before you either delist or wait and take a more considerable hit in the coming months.
It's so infuriating to hear these people avoid talking about cutting demand by cutting immigration. They could improve things so quickly, but they won't. They don't care.
These are orders they took from JT who took it from Claus. And our feelings are irrelevant to those.
The interview critique was spot-on! It's frustrating when answers dodge the real issues. Your breakdown of the housing market dynamics was clear and informative. Great job!
95% chance of 5% price drops...bankers panic.
“ restore affordability “ I thought we’ve had “ affordable housing “ for years.
Whatever Trudeau or the minister say, you give them too much credit for having the power to influence prices. Their only powr it to spend taxpayer money, which would amount to gross interference in the markets, or change regulations, which they already did in spades, with limited impact.
Supply does very little to put downward pressure on home prices. Its a superficial answer to help politicians get votes and municipalities get more tax revenue. Government is a tax hungry machine. Dealing with the root causes to the problem such as immigration, investors is political suicide.
Hose price are 30 to 50% to high. If prices don’t come down then the only people buying are those already in a home. Just look at the average family income and you will know why people can’t afford to buy at these prices.
Agree 100%. At least 50% cut. Can you imagine the money Justin- Sparkle Socks has made for him and his banker-investor buddies with these house increases.
There is zero chance housing would drop 50% from current prices. They have come down 10-20% from peak and are just flat now and with rates dropping the prices will stay flat and slowly rise. Canadian real estate fundamentally cannot drop significantly. Make more to meet the market or move.
Yes increasing the supply of apartments will not affect detached housing prices in a nearby suburb.. that is true. However, increasing the supply of apartments will reduce the value of other apartments and increasing the supply of detached housing will erode the value of other detached housing.. this is especially true if the quality of the new supply decreases which is what is happening across the board with all housing forms.
The condo flippers are going to hit hard.
Good. The up only crowd has been getting a little greedy imo.
Wages would need to be $150/hr to make Canadian house prices make sense in many of our cities. It is not going to happen. Our market should be allowed to crash. The government did everthing in their power for the past couole decades to inflate it to these insane levels.
Good point
You're right that this politician is slick and dances around specifics. Although, I do question if we heard the same interview? I ask because I distinctly heard the Minister say, without details, albeit how they intend to stabilize price increases for existing homeowners while introducing new homes at an affordable price for newcomers. Perhaps I read too much, but the Minister hinted at subsidies and grants for first time buyers while market forces stabilize wages, interest rates, and inflation. The interviewer pushed for details but essentially got the same answer. I listened 3 times and was disappointed I couldn't find a contradiction.
But silly me, I don't sell real estate or have a vested interest in the province tearing up greenspace to build cheap cookie-cutter starter pods.
Housing supply... just cut down all the people coming into Canada..... reduce the people supply so you dont have pressure on housing. DUH
Clearly you don’t understand economics. Canada also needs people to continuously develop our own economy.
@@tharseopt7179 I don't believe in blaming immigrants, but just as a counter argument, Norway's population is the same now as it was at the start of the century, and their economy is just fine.
61.8% golden ratio. That's the retracement required for market to balance. At that price retracement, we will be at 2008 prices. It will happen.
Only in your dreams.
@@MarcusDaGrand holding the bag, are we?
The CPI simple state basic need such as Food, Shelter, Clothing, Transportation, Healthcare, Education are all going up; these are not discretionary spending, its Gov't policy causing everything to be more expensive like Tariff of import goods, Carbon Tax, Capital gain tax, etc; that's why household good are going down, Alcohol beverage are going down; Tobacco, and Cannabis are going down; all because people having trouble paying for it.
Great points
Prices down but still not able to afford a home. So, whats the point of declining prices. 25k less of 900k home is a joke.
No it’s not ok to Canadians . No we won’t understand !!!!!!!!
There was a reversion to the mean chart you showed in an earlier video. I would like to see that chart periodically in your videos. My opinion is that while yes, housing prices will come down in the summer months, there is a huge storm coming respecting mortgage defaults and renewals that is going to be an armageddon scenario for housing nation wide. Also, we are being taxed to death and no one is investing in this hell hole of a country anymore.
That, the last sentence is most important. There's no future development given the current trends. It's not a surprise to see the economy implode in a socialist leaning country.
Dropping prices hurts a very powerful demographic which can have great political influence.
Great videos what is needed is for everyone to stop and let the market set the prices and the interest rate
The only people playing in the market now are those who are in the game. New players can't get in. So, if the ones in the game can't sell, they also can't buy, which will be pretty devastating for some who HAVE to sell. Good luck to those who are over extended.
I wonder if they’re trying to correlate dollar debasement with with real estate decline to zero each other out 🤔
She should of asked him what does he think is affordable….5x’s, 10x’s yearly income.
should have
Excellent video with facts and stats, keep up the good work.
Much appreciated!
Canada, esp Toronto, is a Three star Hotel charging 5 star prices
Great stuff Jon👌👍
Thanks
jt loves this guy, cause he is better at word salad and shenanigan talk than any other minister. This guy has the ability to be a prime minister if he woild apply himself.
I think his answer is very clear, if what you own is small condos yes the price may be affected if they actually do a good job, but if you’re better off and own anything more expensive you’re probably not affected, they just want to manage the lower end.
Only way to keep prices the "same" is to increase wages. Aka make the money worth less so you can buy a million dollar home and a $1000.00 hotdog at Costco...
Time is the answer. Time will make house prices stagnate for a decade and then in 10 years houses will be affordable. Thats what he’s trying to get across without saying as much. People want affordable homes now and not in 10 years.
The gains from 2019 forward, where house prices doubled, were caused by stimulus, not fundamentals. That will bleed out of the system. However, everything was grossly overpriced as of 2019. It's a correction, not a crash.
Jon do a follow up on niagara falls.. or new dehli canada
Inflation number is manipulated because they don’t want to see another cut in July but okay in September after FEB cuts its rate for the first time, and another cut at year end. They will be multi cuts from 1-1.5% in 2025 to save the economy if the 2 wars ends. If not, inflation will be backfired again, we will see the worst housing and financial crisis 2nd half next year.
One reason why Trudeau could be pushing for ‘house values’ to stay high is so when these people sell their houses, the government will get most of the money (67% capital gains tax)
There is no capital gain tax on primary residence
I love his telemarketer headset, must have popped in on his lunch break.
an owner occupied primary home is not an asset/investment. if you buy a second or more property for any purpose (investment, recreational etc.) and you realize a loss that's your risk and problem.
Totally, investments can be risky...look at stocks. Primary houses shouldn't be seen as nest eggs
thanks from Edmonton
Why do we even talk to these idiots. Sean Fraser is skilled at double talk
That is an answer. If you own a centrally located SFH, you are going to make a killing. If you own a suburban SFH, opening up supply will murder desirability in those areas. Value will trend to more central locations. Buying a $2.5 million home in Burnaby instead of Vancouver proper is asking to get hammered by the market.
The same applies to Cameron Heights vs Glenora in Edmonton.
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed.
The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift?
Have you established your quantum system account, embracing the new paradigm?
Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold?
These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible.
It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪
Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
Ultimately, we cannot know what the government plans to do about housing because saying anything one way or another is politically unpopular with homeownership sitting around 60%, so they will always keep us in the dark.
But the views that housing should be a stable investment and that it should be affordable are completely reconcilable. If housing prices increase with inflation, or a little above, then homeowners would have a nest egg when they retire and speculators could still make money revitalizing areas that dropped against this trend, or by improving amenities in different areas.
What is absolutely impossible is that housing becomes affordable without reversing some of the gargantuan gains of the last 5 years or so. That can happen with a nominal price drop (bubble burst) or real price drop (wages hugely inflate so 500k for a shitbox is a deal). Both will be painful.
Great Video Jon
The big picture is high housing prices are dictated and controlled by the banks.
According to Garth Turners recent post home prices are not likely to decrease any time soon? What is your response to Garth!
How can inflation come down when the government keeps increasing the carbon tax
Thanks.
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed.
The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift?
Have you established your quantum system account, embracing the new paradigm?
Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold?
These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible.
It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪
Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
If wages increase, inflation does. If enough homes are built, prices will drop.( supply/demand). We need 100's/ thousands of homes, but home value WILL drop, the only way homes become affordable.
Am I wrong?
Won’t happen.
Sorry but homes will continue to go up all across the board in Canada! Even if there is a correction bringing the prices down slightly for months or a year they will just continue to rise in the long run!
Up and down but in 10years they will all have end up by doubling again!
Anyone saying different does not understand anything about money real estate in Canada
And the multiple extra reasons why there is constant upwards pressure!
If you cant afford a home buy a Triplex and use the lease’s to pass easily if you live in it You can put as little as 5% down!
Then in 5years use the equity to buy a home!
Use you brains ppl if a house is the goal it is achievable in 5years just like anything else you put your mind too!
But dont pray for homes to go down and stay down….
They wont!
Nothing stays the same for long anymore.
Canada became desirable to many groups from outside of Canada which created demand.
Will money launderers always be drawn to Canada?
Will Chinese money always be exiting, or will they decide there money is better off in China or another country?
Will the future govt stop immigration for a number of years?
Will wages go up to support higher rent yeilds for landlords?
I have been investing for many years in companies, commodities and RE and since the Dotcom implosion money doesn't sit in one place forever. What I own now I didn't own 10 years ago (except my Microsoft) and I won't own in 10 years.
Make no mistake, this is an investor driven market. If it wasn't it never would have exceeded 4x income outside of the GVA and GTA.
will it still be a desirable destination for $.
Or will something else surface that is perceived as smarter?
This speaks to the sheer sycophantic idiocy and complete economic illiteracy of the Liberal Party.
Let’s build more houses in an elevated cost environment. Then for builders to recover the cost, the houses cost more than what anybody can afford.
a year from now how much of a % drop we looking at for condos
Why are you asking a bear? Buy when you can afford
@@rosatipicks so I should ask the moron bulls who bought at the hight and are now holding a bag for dear life?
They're all the same in a year the conservative party will give you different word salad about housing prices needing to stay up...
They are EXACTLY the same.
Looks like the long term price trend since 2005 is still rising and has not been broken.
A transformative era is upon us, granting you unprecedented control and influence over your choices, from your financial decisions to your voting preferences. The landscape is evolving- financial systems, voting methods, even internet servers are undergoing profound changes into the quantum systems. We are in the midst of a significant transition, and every facet of our lives will be transformed.
The current financial system and traditional banks, once pillars of stability, are heading for inevitable collapse, while the grip of governments and elites is slipping. Are you prepared for this imminent shift?
Have you established your quantum system account, embracing the new paradigm?
Have you converted your fiat currency into XRP and XLM, the digital assets backed by real value such as silver and gold?
These transitions will soon render the existing systems obsolete, and you may wake up one day to find your bank accounts and exchanges inaccessible.
It's time for action, patriots! Embrace the dawn of the quantum systems era and the restoration of freedom that comes with NESARA-GESARA @followers WHERE WE GO ONE, WE GO ALL. (WWG1WGA) STAY FOCUSED, STAY TUNED, STAY AWAKE.🇱🇷🇱🇷🇱🇷🇱🇷💪💪
Tap on my profile and send me a direct message for proper informations and guidelines about the upcoming bank crash and QFS link
Careful what you wish for. A real estate crash is not good for Canada.
Sure it is. Status quo isn’t sustainable either
I’ll take my chances 🎉
It'll actually devastate the Canadian economy that is so heavily dependent on real estate
Tell me you’re a renter without telling me.
@@rosatipicks I own a home in Greater Vancouver.
The government destroyed housing yet people are quick to blame homeowners. What about the cost of everything else ? If you can’t afford a meal why does it matter where you don’t need it. This dude is putting me in a rage with his word salad .
Why wouldn’t cry have an economic critic on to counter this fool! Wages have only increased 2% real inflation is 8%. Also, what about government accountability for staining taxes so high industry left Canada or Utilities charging so much for hydro manufacturing also left Canada!! Holds those who drive this market accountable!!!
This reporter is great, how did she ever get a job in mainstream government funded media?
We are lucky to have Vassy. She never gets a real answer but keeps pressing.
Vassy was a puppet during Covid. Now she jumped on the bandwagon when it was evident to her the ship has sunk.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
he is full of it, just look at his last position he held, total disaster. cant believe people believe anyone from this cabinet
You said Jon, it was too soon to drop it.
Did your house burn down?
Yep, they will be burning down the house !
Big problem on the horizon is that all big 3 parties are onboard with keeping the market afloat. How do you work around that in getting a correction introduced?
Prices coming down to 2019 levels and staying there for about 10 years to allow wages to catch up to what were still high prices in much of the country would be ideal
How is the Federal government going to increase the housing supply? Are they in the business of home building?
They should be.
@@TT-fq7pl - no they shouldn't. How success have the government owned subsidized housing developments been? They are full of immigrants and welfare cases... is that where you want to spend your tax money? The government should relax the rules on home building and the market will take care of the supply and demand issues.
@@pauls4742 Ah, another compassionate idol-worshipper of the free market (which, by the way, has never been free). Yes, those greedy immigrants and welfare cases. Why should they get our precious tax dollars when those funds could go as more kickbacks to developers, corporations, and political hacks and insiders?
The dollar will crash before the housing market does. Only thing that will go at discounted rates for a very short little while (before the lack of new projects catches up to the market after 2026) will be 500 sq ft 1 bedroom condos in glass towers.
They don't say it out loud, but they want to inflate away the debt, that's why he is hoping for continuously increasing wages (as he repeatedly mentioned), the houses can keep their current nominal value, but their real value will be inflated away.
The US did this is the 1940s inflated debt away
Minister sounds like pre taped robot! Jon please run for MP in your area Housing minister position , you can fix !
"Hi. My name is Bob Loblaw and I'm a politician."
wouldn't it be amazing if the government bails out all the Canadian boomer investors they shafted and all the "new Canadians" leave and then the home prices go back to like 1960s level and we have these great wages and electric cars and we can all just rejoice in our wealth?
Let's go to 99%.
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Vassy is hot and an interviewing BEAST!
Bummer she works for ClownTV
She's out of your league.
yep and yep
@@mateofernando5066 I can't even disagree...😪
😂
Yeah she's really a decent honest journalist; no CBC lapdog... a lady with principles and courage I'd say.
"Inflation ia going up once again, seem like a good time to lower the rate" - The fed
the charts that you show, it keeps climbing up higher. wtf? It keeps going up based on your charts, the data doesn't lie.