Im here to let you guys know that real estate is not the only investment there is...
@CatherineAlas-ys8rn
4 ай бұрын
Please tell me more.
@BrainHarrow
4 ай бұрын
When i got fade up with mortgage percentage trouble/rea estate, I sort financial education and diversified my $400K portfolio across multiple market with the aid of an investment advisor. currently,I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@BrainHarrow
4 ай бұрын
@AllenBrunghm Svetlana Sarkisian Chowdhury is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@ThomasChun-g1m
9 ай бұрын
Just because one can afford to buy something does not mean that the item is worth buying. Residential real estate in Toronto has not been worthy of a purchase since 2003. If one needs to borrow a $1 million dollar mortgage for a $1 million dollar house, the purchaser is NOT a home owner, the mortgage lender is. The purchaser is a mortgage owner.
@rps1689
9 ай бұрын
Brings to mind too many fall for getting a mortgage they are qualified for instead of what they can actually afford.
@CanuckTony
9 ай бұрын
@@rps1689exactly. I was lucky to buy in 2009 but went 100,000 under my limit due to possible rate increases. Was 4.7% then and I wanted a buffer to 7%
@gmaan7004
9 ай бұрын
unless I made $1million in equity since I bought back in 2016
@eddobond76
9 ай бұрын
Its been always like that even if you have 90%in the equity, in the eyes of the bank they still own your property!
@calisthenicsnoob9990
9 ай бұрын
Come on bro if you got in around 2003 you would be set already, don't hate the game
@Martin-qm2lg
9 ай бұрын
Everything points to a brutal year ahead. 2024 crunch time. The bill is due and the money is not there.
@MikeyPaper
9 ай бұрын
Fearmongering fearmongering fearmongering.
@DTrent-uy1wl
9 ай бұрын
The bill is called foreclosure papers
@TheRickRoller1
8 ай бұрын
@@MikeyPapernope it’s real just wait and brace for impact
@Landstalker1999
8 ай бұрын
@@MikeyPaperhow is your mortgage payment going? 😂
@john_doe_not_found
9 ай бұрын
Lots of big city folk carrying million dollar mortgages. At 1.5% they were paying $15k/yr in interest. Now they are looking at $50 - 70k/yr in interest. Even if they are above average dual income no kids types, that is still going to hurt.
@chriswhynder8311
9 ай бұрын
wow
@theflowpowa42oshow
9 ай бұрын
Pump those rates !! No pain no gain!!
@noseNstockpicker
9 ай бұрын
Ahh interesting..
@joelclusiault4357
8 ай бұрын
It needs to
@Delboydunno
7 ай бұрын
The fact that you have to renegotiate your rate every 5 years in Canada is insane to me as an American.
@Ivanitcthanus
9 ай бұрын
Hope this hits Toronto real real hard.
@Dstinct
9 ай бұрын
there is plenty of money to go around. Sale prices in the area have gone up.
@jaymar1615
9 ай бұрын
Thats a bland take on it. Very uninformed you are.....@Dstinct
@fcf777
9 ай бұрын
Karma will hit you harder for wishing ill on others.
@cgasucks
9 ай бұрын
Vancouver too...
@Ivanitcthanus
9 ай бұрын
Ya well you get what you vote for. @@fcf777
@jayshahu
9 ай бұрын
Vote for a drama major get drama
@robyoung9994
9 ай бұрын
The statement “For every $1 of disposable income for $1.82 of debt” makes no sense to me! If I have debt, I don’t have disposable income or savings.
@jamiesebastian5207
9 ай бұрын
if you were to separate what you have vs what you owe, that's what the ratio would be
@CanuckTony
9 ай бұрын
You may not get the definition correctly. Lol
@misterfunnybones
9 ай бұрын
Debt is leverage - using other people's money to make money. Just make sure you actually use the debt to make money through capital appreciation or plain cash flow; otherwise, you'll go bankrupt.
@jy3ster
9 ай бұрын
For example you have 200k mortgage… that’s debt
@megand888
8 ай бұрын
Technically he should have said after-tax income, but we get the gist 😊
@grandmufftwerkin9037
9 ай бұрын
With great wokeness comes great brokeness.
@Martin-qm2lg
9 ай бұрын
Sums up Trudeau perfectly!
@bryanscott8528
9 ай бұрын
hilarious name my brother
@ztekz
9 ай бұрын
😂
@overtronwindows
8 ай бұрын
bahahahah, thats the best line ive ever seen a canadian say other than aboot.
@louiskwaku8879
8 ай бұрын
😅😅😅
@davidcar4632
9 ай бұрын
Two words, "PONZI SCHEME".
@lweis123
5 ай бұрын
Yup, big scammers
@minimaxmiaandme.4971
8 ай бұрын
Over 68% of Canadians don't want any more immigration.......stop that and let things settle, especially with our health care and re-evaluate....why so many coming in?
@markb8360
8 ай бұрын
Tax to government. Cheaper Labour for mega corporations (government supporters)
@loulinaz3770
5 ай бұрын
Life will be also hard for the newcomers. They won't afford the high cost of living.
@TwistyMcFisty
9 ай бұрын
"Interest rates are at historic lows" Justin Trudeau, June 2020
@rps1689
9 ай бұрын
Higher interest rates are suppose to encourage saving and discourage borrowing and, in turn, spending, but that doesn't work that well when big companies and corporations can price gouge and hide profits by means of accounting gimmicks and schemes, which used to be illegal. Before the polices that stemmed from supply side economics took hold, when raising rates happened, companies usually increased their prices more slowly or even lowered them to encourage demand, which lowered inflation. But those days are pretty much long gone.
@sheilahall4732
9 ай бұрын
Just leave our country Canada
@georgesilva5554
9 ай бұрын
A SET UP.
@jayframes4967
8 ай бұрын
Glen!
@georgesilva5554
8 ай бұрын
@@jayframes4967 😄
@fredm4197
9 ай бұрын
Silence in the face of evil is evil itself.
@theflowpowa42oshow
9 ай бұрын
*crickets*
@buckyp101
8 ай бұрын
There needs to be some suffering to smarten society up. Prioritize, and live within your means. Doesn't help that the government is the worst for spending beyond it's means.
@christopherboisvert6902
9 ай бұрын
At 4:13, even the squirrels are moving out of their homes because of the prices of rent and mortgage payments xD.
@Zigazaga420
8 ай бұрын
How much if this is manufactured so large property management companies can swoop in an buy house to rent for ungodly amounts?
@None-g5p
9 ай бұрын
Liberalism, immigration and carbon tax. 3 huge factors
@Dam-a-fence
9 ай бұрын
Translation: you are afraid that Conservatives are loosing ground to logic. I have a simple solution for you, abandon Rush Limbaugh.
@rps1689
9 ай бұрын
Immigration is one of several factors, but carbon tax has been too gradual over the years to affect inflation. As for liberalism, do you know what that actually is?
@craigbowerman2188
9 ай бұрын
yeh only a fool would believe in it ...@@rps1689
@theflowpowa42oshow
9 ай бұрын
lol@@Dam-a-fence
@zacatkinson3926
3 ай бұрын
@@Dam-a-fencewrong
@fauna3989
9 ай бұрын
Stop it with the immigrants. Enough already.
@chrisl9809
7 ай бұрын
Foreigners are a drop in the bucket when compared to domestic Canadian Landlords. Dylan Suitor Ryan Molony for example of SID developments own over 400 properties and are slumlords to over 1000 tenants in Ontario alone. It's easy to blame those who don't look like you, meanwhile a wolf in sheeps clothing stands right next to you blaming immigrants. There's already a ban on foreign purchasing and they are taxed more heavily leaving less bidding competition for guys like Suitor and Molony to gobble up real estate.
@Moonchildstargazer
7 ай бұрын
Blame the LuLu Lemons of the country. They want the foreign workers and threaten to leave if they don't get them. Follow the money.
@nitinprasad3842
5 ай бұрын
Are immigrants to be blamed for buying things that you were not able to afford to begin with.
@miker883
9 ай бұрын
Climate change , inclusion and diversity are not major concerns for Canadians. Trudeau thinks otherwise.
@christopherboisvert6902
9 ай бұрын
I am a Canadian and I care about those things. Don't be fooled by your own beliefs.
@gelatohotbox5157
9 ай бұрын
@@christopherboisvert6902 🐑
@EmilyHamsterLover
9 ай бұрын
Climate change is awesome. I can work all year round. Bring on the climate change Love it. Don't tax it. Gov gettin my hard working tax dollars because there's no winter !!
@747-pilot
9 ай бұрын
@@EmilyHamsterLoverExtremely well stated!!! 👍
@jesssandhu9432
7 ай бұрын
Inclusion of what exactly? If you’re trying to say the immigrants are taking everything - they’re making even less than you are.
@AtharAfzal
9 ай бұрын
He forgot to mention that this came about as the Bank of Canada kept stating that interest rates would start record low!
@Funk1880
8 ай бұрын
They were for over 15 years buddy
@ozzydo2314
8 ай бұрын
House hold income of nearly 200K and we rent. House market can't be trusted and indont feel like paying over 3000$ a month for a wartime home. No thank you
@powershop1903
7 ай бұрын
I lived within my means and renovated my house myself. Paid off my mortgage 4 years ago and it's smooth sailing.
@kristinavb4398
4 ай бұрын
And you are now senior 😂😂😂
@mrbvr3013
9 ай бұрын
The Libs are leaving the Cons a huge mess
@perryg5500
9 ай бұрын
We have to remember that 2% mortgages were never real if you look at rates over a 50 year period. Remember when mortgages were 20% plus…
@egc04
9 ай бұрын
same last name in govt when we had double digit rates
@catherinewilson1079
9 ай бұрын
@@egc04 Yes; TRUDEAU
@HemiJB91
9 ай бұрын
20% with a 60k house.
@rps1689
9 ай бұрын
@@HemiJB91 To think there was a time you could buy a house for the same price as an exotic luxury car.
@kuruptzZz
9 ай бұрын
@@rps1689 I remember in early 2000s, my parents deciding to move to the suburbs and buy a brand new house. They debated for weeks whether to settle for a 4 bedroom 2500sq ft model, or pay a whopping $50K more for a 5 bedroom 3500sq ft with 3 garages and a huge ravine lot. Yes, that was actually a tough decision back then. In the end they went for the 5 bedroom. Today, the difference in value between those 2 houses (on the same street) is $1.3 million vs $2.5 million!
@arethereanyuniquehandles
9 ай бұрын
So we are struggling with building enough housing, but we are letting our borders be overrun with immigrants, and we wonder why there are housing issues. Building is a lot harder than denying access, so the easy solution is to reduce immigration to next to nothing. Maybe even less than normal, since we are running with much bigger numbers.
@ludmilamanweiler5986
9 ай бұрын
Welcome to Trudeau's and Singh's Canada 😏
@s.avelar.7979
9 ай бұрын
😅😂😅❤..
@palestinelucas
9 ай бұрын
Polivere will be the same just wait and see
@zacatkinson3926
9 ай бұрын
@@palestinelucas wrong
@grandmufftwerkin9037
9 ай бұрын
@@palestinelucas Keep getting pounded by Trudeau daddy then. 😜
@spicoli4217
9 ай бұрын
Its not going to change regardless of who is in power. This country is fundementally set up to benefit wealthy landowners. Its not going to change. They are on both sides
@johnsospencer
8 ай бұрын
Remember, if you're worried about running out of cash to make your mortgage payment SELL. Sell before everyone else does! Assuming you have equity.
@HardRealist
8 ай бұрын
Have to wonder how many out there if they are forced to sell are underwater just in the last 6 months alone. If they sell with negative equity I can only assume bankruptcy is on the way in quite the brutal fashion.
@longlancer
9 ай бұрын
Yeah I will be here in about 3 weeks to feel even worse after renewal.
@valeria-militiamessalina5672
9 ай бұрын
It would not be true to say he had retired from the firm, inasmuch as he still does a certain amount of work for them.
@worldwidebroadcasting5787
9 ай бұрын
STOP BRINGING NEW INTERNATIONAL STUDENTS IN CANADA. SAVE CANADA
@SupaPinkix
8 ай бұрын
Are you ok
@smartthings590
8 ай бұрын
Stop treating housing as investment - I am talking about you boomers who owns multiple properties
@nathanvanee4072
8 ай бұрын
@SupaPinkix are you braindead?
@chrisl9809
7 ай бұрын
It's easy to blame those who don't look like you, meanwhile a wolf in sheep's clothing stands right next to you. There's already a ban on foreign purchasing and they are taxed more heavily leaving less bidding competition for guys like Dylan Suitor and Ryan Molony of SID Developments to gobble up real estate (400+ properties, 1000s of tenants in Ontario).
@nathanvanee4072
7 ай бұрын
@chrisl9809 record immigration during a housing shortage? Just the slightest bit of critical thinking is required here...
@Oldmanflyfishing
9 ай бұрын
Justin Trudeau is why, not hard to figure out
@zippyustar6350
9 ай бұрын
Our dollar is worth .62 cents on one American dollar. Find out why we sell our lumber(resources) cheap😮😮😮😮😮😮
@zippyustar6350
9 ай бұрын
Do we sell it to Canadians at the same value? As the rest of the world?
@todddonly2787
9 ай бұрын
@@zippyustar6350that's a no
@josemerlos6834
9 ай бұрын
It begins
@krisgill3877
9 ай бұрын
Yup
@grandmufftwerkin9037
9 ай бұрын
Just another day in the basic Trutatorship.
@YahyaMarei
9 ай бұрын
I propose a solution: individuals who have acquired multiple properties, demonstrating excessive greed, should sell them at a financial loss.
@theflowpowa42oshow
9 ай бұрын
Probably save them a lot of headache in the long run tbh
@DTrent-uy1wl
9 ай бұрын
They will be forced to
@rps1689
9 ай бұрын
Tax those houses that are not primary residences out of the speculative market.
@rgen28
9 ай бұрын
Break up the realtor system.
@alexrubin5955
8 ай бұрын
Exactly. I have heard a lot of these mom-and-pop investors claim all of their homes as primary residences. Not sure how they do this though. Like, buy each building in each family member's name? The system is a joke now. @@rps1689
@antnam4406
8 ай бұрын
Original French meaning of mortgage is death pledge.
@NotTooExtreme
9 ай бұрын
Why would bank of Canada start to decrease the interest rates down if the home prices are still unaffordable? And once the drop of the interest rates the home peices will start going up even through the roof. Are we heading to be a 3rd world country?
@butwhytharum
8 ай бұрын
Because the only ones buying are those borrowing. And high rates with a high borrowed rate is recipe for defaults.
@onemanturret1641
8 ай бұрын
This is a third world country Give it time. Canada is going to apply for a loan from the world bank lol
@gcoates7
8 ай бұрын
The BOC's mandate is to manage inflation, not home prices.If we want homes to be affordable we have to build more homes.
@leeeduncan
8 ай бұрын
Yes
@Dictone-kg3tq
8 ай бұрын
How about you don't buy a house you can barely afford?
@rps1689
8 ай бұрын
Problem is too many get a loan on what they are qualified for instead of what they can really afford in the long run.
@CanuckTony
9 ай бұрын
Oh, put me in the very concerned group
@HemiJB91
9 ай бұрын
Anyone that just bought in the past 3 years are fucked
@rps1689
9 ай бұрын
And I do not feel sorry for them one bit; they gambled.
@robertbolzicco9995
9 ай бұрын
@@rps1689most it wasn't a gamble. It was a need. Rates change all the time. Sucks for everyone because homes will not be affordable for a long time.
@rps1689
9 ай бұрын
@@robertbolzicco9995 Then they were naive to thing those rates were going to stay that low. Problem is too many got mortgages they were qualified for instead of what they could afford in the long run.
@corneydasilva5831
9 ай бұрын
Realtors create this problem and still on the lose running scams yet. Injecting 60% profit by default every time. Jail for this guys.
@qifridek
9 ай бұрын
Higher interest, lower new house building, lower supply, higher the price, higher immigrantation, more demand, limited supply, higher price. Higher interest driving cost and scarcity was more impactful and hurting than inflation itself that we tried to prevent. Inflation was like 3 or 4%, but mortgage that eat most of families budget was like +20%. It's fun to see my bag of chips not getting too much inflation, but what i care... Got hiked the most with the interest rate
@stephenletts4942
9 ай бұрын
What about all the profit taking on Houses? in BC our provincial government has not Prosecuted one Money laundering case. read David Eby's report on what went down in BC. go to the epicenter - whistler BC - 1993. in just two years real estate in whistler doubled. Just Bre X money alone pushed construction of multimillion dollar homes. party politics vs Ward systems is part of the problem. Property owners have rights and reg citizens voice is an eco. The USA has had at least three corrections since then , West coast had a small one, drop 15% then had a huge increase way above previous price. Our Banking systems- RSSP funds has made huge money on Real-estate- a collapse of Real- estate will affect our retirement funds and profit taking.
@jayframes4967
8 ай бұрын
Bag of chips at Walmart was $0.97 now $1.47 that seems more like a 50% increase to me!
@marcfavell
4 ай бұрын
Homeowners have it easy compared to renters in Canada!
@seanmahoney1077
8 ай бұрын
"Be pro-active about it"? what the f*** does that mean?
@HardRealist
8 ай бұрын
I believe he's talking about wishful proactive thinking here.
@SSMLivingPictures
8 ай бұрын
Sucks to suck. I paid off my mortage very aggressively and am done now ( age 39)
@grandmufftwerkin9037
9 ай бұрын
Will the houses Trudeau is promising be built by SNC, Trudeau Foundation Housing, Inc, and/or Frank Baylis Housing Ltd? 🙃
@egc04
9 ай бұрын
we charity
@stephenletts4942
9 ай бұрын
Conservatives are in the same bed with SNC - its not just a liberal problem. Go back to Brian Mulroney- look at relationships there, Stephen harper- cons also had huge relationship's with SNC. Problem is Canadian Constitutional British Parliamentary system - BNA act. both Liberals and conservative are part of the problem. just look at the conservatives last Party Election, did you see any solutions brought up by party leaders at convention?
@donparsons1237
9 ай бұрын
$0.58 cents of evey dollar is tax for the working class. There will never be affordable housing in Canada
@Dam-a-fence
9 ай бұрын
32% of income is deducted for expenses, CPP, EI, Tax. 13% of my purchases pay for tax. That is 46%, not 58%. It would be 58% if I was a slave, making enough to be in the middle tax bracket. I presume you equate working class with middle class. Class is unconstitutional. I'm your equal, neighbor. I make minimum + a buck and a bit, because I want to.
@rally_chronicles
9 ай бұрын
@@Dam-a-fence the hell you yammering about slave?
@EnnVee959
9 ай бұрын
Yes that economic characteristic is on par with "developing" countries.
@icouldjustscream
9 ай бұрын
On my paystub yesterday my gross was $3550. My take home was $1990. Income tax was $790. CPP was $290. EI, LTD, Health insurance, etc. You can see how quickly $1560 disappears and where most of it goes. $1080 right back to the government.
@catherinewilson1079
9 ай бұрын
@@icouldjustscream government size increased by 40% under Justin. 😡
@ericmaher4756
9 ай бұрын
Be proactive
@johndavis8669
8 ай бұрын
The great real estate market collapse is starting. Just imagine prices dropping 500% to 1000%. Then recovery comes and those who never own a home suddenly buys it very dirt cheap.
@HardRealist
8 ай бұрын
I see your point and that might have been the case say 10 years ago, however, the cost of all other major necessities to live vis a vis cost of living will double and triple from here very soon. If you can't afford to eat and heat you won't be pursuing a house. And property taxes will skyrocket along with everything else.
@markb8360
8 ай бұрын
Prices dropping to zero is a 100% loss. It’s the way math works…. Can’t drop 500-1000%, I’m afraid. Those numbers only occur on the upswing
@randycamplin5516
9 ай бұрын
😮 regarding immigration, now not the time to help others abroad when clearly we need to clean up our back yard badly. Buckle down way to many homless,way to many addiction issues here way to many waiting and waiting for heath care ,
@maxpayne7419
8 ай бұрын
Everyone told me real estate was easy money?
@Wink_Dinkerson
8 ай бұрын
2.5 million mortgages renew in the next 23 months..... WOW.
@henrydu3339
8 ай бұрын
Canada property price is in huge bubble
@robertalkemade989
9 ай бұрын
my mortgage started at 12% 12 years ago
@MustyBastard
9 ай бұрын
Ok Grampa back to the senile ward. My mortgage rate in 2012 was 2.7%. 2016 3.7 2020 1.67 2026 _______
@alanj9978
9 ай бұрын
That's some bad credit. I was paying 5%.
@jayframes4967
8 ай бұрын
Who carried your loan! The mafia?
@MustyBastard
8 ай бұрын
@@jayframes4967 mine was around 3 in 2012 and my credit was dismal. Sub 650
@RobAlberto_4
8 ай бұрын
I see a lot of folks on here dancing on the grave of folks in these positions. I am not one of them. I got a very manageable mortgage and projected to be able to afford my payments at 8%. So i planned ahead. But a lot of folks who bought did because life dictated they do. They had children, their job was in the city, and on and on. Folks will hurt and the economy will suffer. Everyone will feel it. It wasn't just rel estate speculation that caused this.
@VarPb-wc6gd
8 ай бұрын
After loosing your business, they are now commung for your homes and jobs😢
@tremoo5987
9 ай бұрын
"uh, yeah, totally.."
@ajwang7999
9 ай бұрын
short term markets are supersaturated,because the interest rate ⬆️ increase was operating on light-speed as if the feds is being hunted by Vader on a star-destroy across the galaxy. Simply put, most mortgages issued during the four years pandemic are all underwater. B20 regulations from OSFI had Mitigated some risk, however, the increase in mortgage rates have Wiped out all the safety margins the B20 regulations were designed to instate. As homeowners struggle to pay their mortgages, they have to find creative ways to increase their income. Politicians hear me, Short term rental is not the sickness, is the symptom. 😂
@seanmahoney1077
8 ай бұрын
Freeland economics at work!!
@Fyyt
9 ай бұрын
Thank Justin FF Trudeau for this mess!
@zippyustar6350
9 ай бұрын
Even more so the fat cats who run the banks that we beg for loans as they hmm & haaa over our ideals to carve out a better situation/ unfortunate Trudeau has a desire to please the loudest opposition/ like Palestine who starts a war & now scream peace peace when Palestine learns to be peaceful it will come/ stay on the side that values women & children (not using them as human shields)& you can never be wrong/ DEMOCRACY
@catherinewilson1079
9 ай бұрын
For Nick Hill; in 1981 I went through a much more extreme mortgage interest hike. Rates hit at least 17.5%. Please broaden your outlook by knowing a little bit of the history of your profession.
@brandodevil
9 ай бұрын
How much was the average mortage in 1981? The monetary value certainly doesn't equate to today's valuation of our pathetic currency. This is going to be far worse than the 80's. Your dollar back then went a hell of a lot further than what today's dollar gets you.
@MentionBiscuit
9 ай бұрын
He was probably born in ‘81
@CanuckTony
9 ай бұрын
Don’t fall off your high horse. Wow
@PaulNezny-k1b
9 ай бұрын
Bought a nice brand new semi in Waterloo ontario for around $45 thousand @@brandodevil
@rps1689
9 ай бұрын
Houses were much cheaper then so many could hold onto their homes, plus if you had to sell, you still had a decent vacancy rental market with affordable rents for all income levels.
@auslander1026
8 ай бұрын
and of course no word on "on why mortgage troubles in Canada are just starting"
@gomerhanger2285
8 ай бұрын
How exciting 😊
@jamesv924
9 ай бұрын
Jagmeet got himself a nice Rolex...
@jesssandhu9432
7 ай бұрын
You mean Trudeau? He made $100 million from this
@jomojojo6603
8 ай бұрын
Do Canadians know how many immigrants came to Canada last year compared to the norm? And I guess that number might not include refugees.
@billspencer8540
8 ай бұрын
Remember, you will not own anything and be happy - while you freeze and eat bugs.
@namkebanyanklariti
8 ай бұрын
We need a new BoC governor who knows what they are doing.
@whereschavo3953
8 ай бұрын
You are looking at canadas housing bubble going to burst equivalent to usa in 2008
@SpidermanWebster
7 ай бұрын
We have a triple AAA credit rating 😂😅which means we can borrow more money to put our children's future's in more debt, right on Freeland 🇨🇦👍🇨🇦
@jccucc
2 ай бұрын
A broken nation. Turn out the lights the party is over !!
@Ja50nkAt
8 ай бұрын
Not fixed and have to adjust to a higher rate? oh they're f'ed.
@rynojacobs3493
8 ай бұрын
‘You'll forgive me if I don't think about monetary policy' - Justin Trudeau 2021
@ontopent
8 ай бұрын
American here, looks like you guys are going into recession
@rps1689
8 ай бұрын
Housing crisis for sure will continue, but so far the country’s overall economic health is not bad enough to have caused a technical recession… yet.
@dishappywithlife2556
6 ай бұрын
Yup we are all feeling the squeeze from hell up here
@michaelandersen141
9 ай бұрын
Yeah totally dude
@Krynale
9 ай бұрын
Only 1/3 of Canadian homeowners have a mortgage.
@jayframes4967
8 ай бұрын
So only 22% of Canadians then!
@zacatkinson3926
3 ай бұрын
@@jayframes49672/3 know that
@vinceprovenzano2894
9 ай бұрын
Who takes these polls seriously?
@jnagelmakers
8 ай бұрын
TAXWHORES cause DESPAIR
@acepath3001
8 ай бұрын
As long as they have money for ti hortons and mcdonalds then too bad
@verycoldice4
9 ай бұрын
he looks broke, just saying
@EnnVee959
9 ай бұрын
Everyone looks broke these days. We are more dowdy in our appearances than ever before, and more depressed too.
@theflowpowa42oshow
9 ай бұрын
you need mawr powa!@@EnnVee959
@LCculater
7 ай бұрын
I own my 4800 sq foot home so don’t care 😂😂😂😂 owe nothing
@freestylefranc2653
3 ай бұрын
Karma
@mikearchibald744
8 ай бұрын
Thats typical for the poor, its not often things get better. I talked to somebody that has at least SOME money, they want to buy real estate to flip, and point out the high interest rates mean less competition for real estate, so he figures he'll save more money on lack of competition than the interest rates, and since the property will be rented, that just goes into rent because its a landlords market.
@zackfair711
8 ай бұрын
Then shouldn't there be a policy to temporarily hold off allowing multi-home ownership so that supply can catch up?
@j.k5888
9 ай бұрын
Sunny ways
@ha8thedrakesdrake608
8 ай бұрын
Nick Hill
@kman6349
8 ай бұрын
housing markets dump. Banks buy for pennies 😂 seen this before. Cash on hand and ready
@bonfettucine6958
8 ай бұрын
I'm resting 😂
@canadiangirl1204
6 ай бұрын
PIERRE POILIEVRE FOR PRIME MINISTER 🌊 🩵 🍁 🇨🇦 👌 😎 🌊 🩵 🍁 🇨🇦 👌 😎 🌊 🩵 🍁 🇨🇦 👌 😎 🌊 🩵 🍁 🇨🇦 👌 😎 🌊 🩵 🍁 🇨🇦 👌 😎 🌊 🩵
@reikasdad
9 ай бұрын
Trump for PM!
@RyanSheppard-tq4pg
9 ай бұрын
What a viper
@ukrainemylove6184
8 ай бұрын
Slavers from 🇮🇳🇨🇳 villagers welcome to 🇨🇦👎👎👎
@jesssandhu9432
7 ай бұрын
You have no right to call them slaves when you’re from Ukraine 😂😂😂
@nitinprasad3842
5 ай бұрын
You clown use my hard earned tax money to fight Russia so i expect more respect from you ,beggars are not choosers.
@mi4049
9 ай бұрын
😆
@MyRuslan1982
7 ай бұрын
😂😂😂
@lorrainedempsey3320
9 ай бұрын
Why is the Bank of Canada, being allowed to raise interest rates, so aggressively? I think some of their laws need to be changed.😭😭😭
@GeoffOverson
8 ай бұрын
Why was the liberal government allowed to create 40% of our gdp in 2020 out of thin air..cause and effect.
@rps1689
8 ай бұрын
@@GeoffOverson Cause they can, and in a higher rate environment, banks raise annual percentage yields on savings accounts to attract new customers interested in investing. Higher interest rates are suppose to encourage saving and discourage borrowing and, in turn, spending, but that doesn't work that well when big companies and corporations can price gouge and hide profits by means of accounting gimmicks and schemes, which used to be illegal. Before the policies that stemmed from supply side economics took hold, when raising rates happened, companies usually increased their prices more slowly or even lowered them to encourage demand, which lowered inflation. But those days are pretty much long gone. Small businesses during "real inflation" experience getting squeezed in regard to competing, but the problem is nowadays large monopolistic corporations and their conglomerates don't. Unfortunately we have two classes in Canada now, those that own property and those that don't, and because of this we are seeing a large segment of our society getting tired of the welfare for mortgagers we have seen for over ten years - homeowners with mortgages have been stealing from renters and savers since 2008 with their cheap money and inflation when interest rates were insanely low for too long.
@mrxiong2567
8 ай бұрын
To fight inflation
@amank8007
9 ай бұрын
solutions??!!! Yes! Lower the fkng rates!!!!!
@almontoya5703
9 ай бұрын
I’m a new immigrant and reaping the free benefits of this country. You guys are very generous. I’ll be voting for the Liberals for sure!
@Doug-zl8nb
9 ай бұрын
Government only cares about immigrants bringing in massive crime
@vighneshkoalapunani8851
9 ай бұрын
he lives in brampton, target identified, launching predator missile.
@qasimparekh9175
9 ай бұрын
😂
@BS-ns6cb
9 ай бұрын
Hahaha.
@gmaan7004
9 ай бұрын
What free benefits are you taliking about? Everyone pays tax which a disproportionate amount is spend on the world most expensive yet useless healthacre system
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