I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
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 ‘’Marisa Michelle Litwinsky’’ for about two 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. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
Another thing you have overlooked is the high unemployment rates and practical high inflation ( ignore government data) which has reduced the buying power of people.
If you look at recession of 1990s, immigration numbers were again high that time but housing prices too much longer time to come up. Situation currently seems more negative than that time. So prices may be down by another 20% by next 2 years. Do not ignore that over 60% mortgages renewals are coming up then. And, rate of interest still will not be at par with pandemic level. Supply will be in abundance soon despite lesser new start ups. Besides, CRA linked income if implemented will dent it more. Above all, change of government could mean hopefully drastic measures to create supply. Number don’t lie !!!! Aren’t they lying since 2022 ??
@@BusinessUnusual-m2p it was more of frustration. I did mention the high unemployment rate and inflation in the video - that’s the basis of the video. Not watching the full video and commenting what I missed is unfair. I am all for feedback, but not from someone who discredits the video without watching it.
Because people have seen theur investment homes go into a dangerously negative price fall there will still be a selling spree once they see prices aren't rising back as they predicted and a stop loss approach may be taken.
The Rental market is now very attractive and Investors can also hold depending on their appetite. Prices in Toronto are opportune to buy now. Buy today if not tommorow is my view.
Not entirely true. Just a few months back the bond yield were at historic high, equity was high and fixed rate was lower than the variable rate. Bonds usually move based on some spread plus the BoC or Fed rate not just based on equity market preference. The fixed or variable has its roots in liquidity preference theory. The rates can be seen as more or less a demand and supply of money. When rates go down, ppl flock to variable and this thins out the spread. There prime minus spread still makes variable rate higher than fixed.
All skilled talent, who care high income earners, are moving to the US, where housing is much cheaper, and with a higher pay. Good luck finding Canadians that can afford million dollar homes. Lol!.
Seeing the situation where rent is stagnating on avareage, although ridiculously high. Places have been unrented for months in Toronto/Scarborough or are ready to open up to students or are ready to open up and not be picky.
90% of people can't buy a house in Canada as expensive as the house because the income in Canada is very low. When the income is low, the prices of the houses will be three times higher than the income. They can't afford it for a long time.
@@vsingh5045…How many Canadians will there be whose annual income will be above 150 thousand dollars and house prices are up to a million here. How can you buy such an expensive house with such a low income, you won't be able to pay the mortgage for 30 years, either the house prices should not be above 400k or untill the price of houses and your income become parallel, In such a country, 90% people will not be able to get a normal house
@@goldyparmar2467this is beyond your thoughts as people have money and the ones who invest do not make announcement before making a move. I do not know which sector are you looking at but people working in certain sectors have good incomes. So 90% can’t buy a house feels unrealistic.
But 90% of people can pay rent, and everyone knows Canadian rents are still dirt cheap as people don’t need to spend 50% of disposable income on rent yet.
Thank you for putting out such high quality and balanced take on the emerging economic situation. Almost feeling guilty consuming it for free on TH-cam!
Yes cut down the interest rates .instead of teaching the public how to save money enough to by a house. If people can pay at least 50% of down payment then it isceasy to pay mortage. Canada thinks that bragging that Canada is the third richest country,that may be true but it is buulshit most of the time.today they say you need to pay 5% as down payment tomorrow it will have a different rule. Interest rates up today ,down tomorrow the real estate is happy houses are bought fast then interest rates go down real-estate industry make noise. Then Mr. Trudeau upsets the saver the interest rate on R.r s.p went to .5% .so why bragging Government is not using their brain. People knock the door and make the noise .so all is being done is no long term solution to the real problem.
hey Navjot 20:40 how the monthly payments go down if you take variable rate?? Payments won't go down it will go more to principle and less interest. it stays $4870 throughout three years
Definition of recession is 2 consecutive quarters of declining GDP. Which hasn’t happened… however per capita GDP is down for many quarters now - that’s why we feel the recession, but GDP is still up.
Rents are on decline in most expensive cities. This indicates a ceiling on the purchasing power of people. Last real-estate boom was investor lead. Assumptions that immigrants would come in buy up at these prices seems flawed. Baring few sectors, (majority) immigrants are stuck with low skill jobs. House prices are absurdly high compared to average family income especially in GTA and GVA areas. Until BoC rates fall back to 1%, (doesn't seem like this is going to happen any time soon) things wouldn't be like 2021 at least not in GTA or GVA.
Agreed. Forget about 2021, house prices aren't going up from current till at least the next 2 years. People have seen others burn their hands, they won't do it again. Second, the banks aren't doing those appraisals now. Overbid at your own risk..
It seems logical, but there’s always the possibility that things could go off course, so I’ll have a backup plan in place (saving and growing the downpayment). Next spring is shaping up to be quite interesting.
You haven't touched the most important factor here. New immigration levels in 2024-25. You said major contribution in population increase is immigration but still failed to explain how population increases in 2024-25 and what will be impact of that on housing market. In Canada, supply and demand are decided by immigation levels.
Will only make it worse. I don’t think people who came in 2024 and 2025 will be able to buy Realestate anytime soon - long terms, supply will get worse and housing will become out of reach for most people.
@@growwithnav you are not making any sense. How reduced immigration will make it worse. Its simple supply and demand logic. Reduced immigration will see less demand and less rental yield.
The amount of value you bring to the table for your audience is inspring for any content creator. Great info, throughly laid out and easily understandable. I can imagine the hours of work you must have put in the background to make this happen. Only goes to show your passion for your audience. Cheers 🙌
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you June Renae Matthysse, imagine investing $1.5k and receiving $6.5k in 9 days.
I also said; if unemployment does not increase. In fact, I have made so many videos on why housing will not grow in the short run and why recession will get worse. Economics remains the same :)
The Canadian market is going to crash . With the LLms doing most of the jobs , a huge job displacement is due, which would make high paying workers jobless, and then will housing come down crashing. Just hold your horses for some time folks
Im not so sure immigrants will be the saviors we think they are.. Property taxes on a hike pattern and Theyll be tied to 20 year career to pay it off. Immigrants wants to move back home with Canadian wealth and buy back home.
I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
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 ‘’Marisa Michelle Litwinsky’’ for about two 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. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
Dear Pumper, no matter how hard you try it won't fly.
Pump pump pump
Things r not that rosy to be pumped up at this economic situation.
exactly 🤢 A scammer
Another thing you have overlooked is the high unemployment rates and practical high inflation ( ignore government data) which has reduced the buying power of people.
🙌 what about things I did not miss?
If you look at recession of 1990s, immigration numbers were again high that time but housing prices too much longer time to come up. Situation currently seems more negative than that time. So prices may be down by another 20% by next 2 years. Do not ignore that over 60% mortgages renewals are coming up then. And, rate of interest still will not be at par with pandemic level. Supply will be in abundance soon despite lesser new start ups. Besides, CRA linked income if implemented will dent it more. Above all, change of government could mean hopefully drastic measures to create supply. Number don’t lie !!!! Aren’t they lying since 2022 ??
@@growwithnav it’s not professional to discredit someone’s question. It shows insecurity.
@@BusinessUnusual-m2p it was more of frustration. I did mention the high unemployment rate and inflation in the video - that’s the basis of the video. Not watching the full video and commenting what I missed is unfair. I am all for feedback, but not from someone who discredits the video without watching it.
such an amazing video, truth !
Because people have seen theur investment homes go into a dangerously negative price fall there will still be a selling spree once they see prices aren't rising back as they predicted and a stop loss approach may be taken.
Possible
The Rental market is now very attractive and Investors can also hold depending on their appetite. Prices in Toronto are opportune to buy now. Buy today if not tommorow is my view.
Not entirely true. Just a few months back the bond yield were at historic high, equity was high and fixed rate was lower than the variable rate. Bonds usually move based on some spread plus the BoC or Fed rate not just based on equity market preference. The fixed or variable has its roots in liquidity preference theory. The rates can be seen as more or less a demand and supply of money. When rates go down, ppl flock to variable and this thins out the spread. There prime minus spread still makes variable rate higher than fixed.
A part of GDP increase could also be due to inflation in general.
Thanks Navjot. For such an amazing video. Gained lots of knowledge and information. 😊
Glad you liked it
All skilled talent, who care high income earners, are moving to the US, where housing is much cheaper, and with a higher pay. Good luck finding Canadians that can afford million dollar homes. Lol!.
Hi . Are you able to share excel sheet with the rate drop calculations
Seeing the situation where rent is stagnating on avareage, although ridiculously high. Places have been unrented for months in Toronto/Scarborough or are ready to open up to students or are ready to open up and not be picky.
True
Thank you so much very well explained ❤
Glad it was helpful!
90% of people can't buy a house in Canada as expensive as the house because the income in Canada is very low. When the income is low, the prices of the houses will be three times higher than the income. They can't afford it for a long time.
Why u think 90% . Bro people has Money
@@vsingh5045…How many Canadians will there be whose annual income will be above 150 thousand dollars and house prices are up to a million here. How can you buy such an expensive house with such a low income, you won't be able to pay the mortgage for 30 years, either the house prices should not be above 400k or untill the price of houses and your income become parallel, In such a country, 90% people will not be able to get a normal house
@@goldyparmar2467this is beyond your thoughts as people have money and the ones who invest do not make announcement before making a move. I do not know which sector are you looking at but people working in certain sectors have good incomes. So 90% can’t buy a house feels unrealistic.
then where they will go?they have to pay rent which is similar to owning a property.
But 90% of people can pay rent, and everyone knows Canadian rents are still dirt cheap as people don’t need to spend 50% of disposable income on rent yet.
When realtors say this is the best time to buy, is it a marketing gimmick or fact? Can you address this? Thank you
Realtors will always say this is the right time to buy or sell house,because they surviving on the amount of commission
Depends on the realtor. Buy when you can afford… the time has to be right for you
Thank you for putting out such high quality and balanced take on the emerging economic situation. Almost feeling guilty consuming it for free on TH-cam!
My pleasure!
Yes cut down the interest rates .instead of teaching the public how to save money enough to by a house. If people can pay at least 50% of down payment then it isceasy to pay mortage. Canada thinks that bragging that Canada is the third richest country,that may be true but it is buulshit most of the time.today they say you need to pay 5% as down payment tomorrow it will have a different rule. Interest rates up today ,down tomorrow the real estate is happy houses are bought fast then interest rates go down real-estate industry make noise. Then Mr. Trudeau upsets the saver the interest rate on R.r s.p went to .5% .so why bragging
Government is not using their brain. People knock the door and make the noise .so all is being done is no long term solution to the real problem.
hey Navjot 20:40 how the monthly payments go down if you take variable rate?? Payments won't go down it will go more to principle and less interest. it stays $4870 throughout three years
Hey, I recommend Adjustable rate mortgage if you are going for variable.
@@growwithnav Rate is adjustable but no change in payments, your principle will increase and it lowers your amortization, true for atleast blue bank 😊
That’s not adjustable rate. Only Scotia has the product. Which is why banks aren’t the right product for variable :)
Great research, content and presentation. Thanks for the detailed info.
Glad it was helpful!
House crashing is after next interest rate update it's coming
5:19 i don't want to misquote you, so just to clarify - are you saying the definition of recession is declining per capita GDP?
Definition of recession is 2 consecutive quarters of declining GDP. Which hasn’t happened… however per capita GDP is down for many quarters now - that’s why we feel the recession, but GDP is still up.
best thins is change govt . we need al leader less refugees, less international student .no LIMA Scam
Rents are on decline in most expensive cities. This indicates a ceiling on the purchasing power of people. Last real-estate boom was investor lead. Assumptions that immigrants would come in buy up at these prices seems flawed. Baring few sectors, (majority) immigrants are stuck with low skill jobs. House prices are absurdly high compared to average family income especially in GTA and GVA areas.
Until BoC rates fall back to 1%, (doesn't seem like this is going to happen any time soon) things wouldn't be like 2021 at least not in GTA or GVA.
Agreed. Forget about 2021, house prices aren't going up from current till at least the next 2 years. People have seen others burn their hands, they won't do it again. Second, the banks aren't doing those appraisals now. Overbid at your own risk..
I hope you are right. But what if you aren’t?
It seems logical, but there’s always the possibility that things could go off course, so I’ll have a backup plan in place (saving and growing the downpayment). Next spring is shaping up to be quite interesting.
You haven't touched the most important factor here. New immigration levels in 2024-25. You said major contribution in population increase is immigration but still failed to explain how population increases in 2024-25 and what will be impact of that on housing market. In Canada, supply and demand are decided by immigation levels.
Will only make it worse. I don’t think people who came in 2024 and 2025 will be able to buy Realestate anytime soon - long terms, supply will get worse and housing will become out of reach for most people.
@@growwithnav you are not making any sense. How reduced immigration will make it worse. Its simple supply and demand logic. Reduced immigration will see less demand and less rental yield.
👌Excellent analysis
Thanks!
Thanks
Welcome
Bad video bhai, instead of summarizing and making your forecast clear. You talk for twenty minutes and leave the viewer confused.
Thanks for the feedback. Do check the slide on 11.45 for the summary. Thanks
Great video Nav!!
Thanks!
Content's quality is improving significantly. Good work Nav 👍
Thank you 🙌
Excellent content sir
🙌
The amount of value you bring to the table for your audience is inspring for any content creator. Great info, throughly laid out and easily understandable. I can imagine the hours of work you must have put in the background to make this happen. Only goes to show your passion for your audience. Cheers 🙌
Thank you 😊
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you June Renae Matthysse, imagine investing $1.5k and receiving $6.5k in 9 days.
Trudeau can only do and teach public crypto currency and bit coin. How can a drama teacher talk about economic or manage the business.
You yourself said once the dec in the interest rates inc the housing! Now you took a u turn 😂
I also said; if unemployment does not increase. In fact, I have made so many videos on why housing will not grow in the short run and why recession will get worse.
Economics remains the same :)
So are we not headed into a recession in the next 6 months?!
Ofcourse we are… it was always inevitable.
Please share this excel sheet variable vs fixed
$NEAR 15x (AI x Web3)
$XLM 15x (RWA)
$RNDR 10x (AI GPU’s)
$SON 100x (Web3 Gaming)
$VINU 100x (Sol Ecosystem
The Canadian market is going to crash . With the LLms doing most of the jobs , a huge job displacement is due, which would make high paying workers jobless, and then will housing come down crashing. Just hold your horses for some time folks
Im not so sure immigrants will be the saviors we think they are.. Property taxes on a hike pattern and Theyll be tied to 20 year career to pay it off. Immigrants wants to move back home with Canadian wealth and buy back home.
Please....🤣🤣🤣🤣
You talk too fast . Not everyone is fluent in English. Try to be considerate
🙏
Bhaji I am great fan of your videos can u share some tips on stock bonds and wealth simple because I wanted to start investing in wealth simple
Please check my video on that :)
How do these numbers change for 20% down at 30 year mortgage?
Same. The rates are higher for 20% down. So the gap will remain the same.
hui hui