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too bad Canada's main industry is properties/housing and create monopoly environment for certain companies. I think if they let American companies in, there would be doom.

I dont comprehend why they lump in dundas, watersown, ancaster and flamborough into hamilto numbers. Hamilton is hamilton with a mountain, a central, a east and a west. Big city from east to west. To get to waterdown or flamborough ypu have to take highways out of hamilton.

Good deals are flying off the shelf though, specially within the $700k price range. I’m an active investor and realtor in the hamilton area.

If you are going to interview someone, you might want to give them the chance to speak..

The dynamic that happened last year is far from over. Expect a bump in the spring, then a slowdown into the rest of the year. The conservative government is basically campaigning on dropping real estate prices by hundred of thousands of dollars to make things affordable again too.

Pure facts! Many people are struggling to make ends meet.

Personally speaking, the entire country is overpriced right now and am very happy to pass on buying until there is 30% or nore drop from current levels. Happy to rent and invest in stock market, gold, and some bircoin 😂😮

Thanks Vic. My guess is mid-2025 will be when the dominoes start. It will be exactly 5 years since the low interest rate regime began in spring 2020. Plus, with BoC deviating from the US feds on interest rates, the Canadian dollar is tanking. This will cause inflation to go back up gradually. Which in turn will cause BoC to halt or even increase the rates, depending on how bad it gets.

Excellent analysis

Most people not waiting to buy; they are waiting to sell. Spring will explode with listings.

Good points Vic, market may not take off but better than 2023/24 I feel prices may climb up a bit by End of summer.

I hope it will get better not worse, I think with an election there will be renewed optimism and hope for all aspects of Canada to prosper.

Please include the immigration impact on housing market in 2025. I think it would be a game changer in housing price.

When rates drop, it affects asset prices immediately, and there is approx a 1 year lag before those cuts work their way into higher prices of goods and services. So if house prices haven't responded much to the rate cuts, that is a terrible sign, and shows that the asset class is overvalued. As mortgage rates stay higher for longer, the expectations and psychology will adjust to the new norm. This idea that rates will stay near 0 forever is just a pipe dream.

*I'm glad you made this video. It reminds me of my transformation from nobody to having a good home, an honest husband, earning $38k bi-weekly, and a loving daughter.❤.,.....*

It seems those with $500k+ in savings and $300k+ incomes are still controlling the market. Maybe homes in North America and Canada will no longer be affordable by middle class.

Seems like all 4 valid points. However, I am surprised howcome you forgot few most important points. No more half of million immigrants coming now, no more those hundreds and thousands of students coming to Canada which most were not actual students anyways but those were coming to Canada with the intention of making Canada as their HOME. No more asylum seekers and refugees, no more temp workers. All gone!!! Even I see fewer illegal immigrants now would come since job market and economy is making perfect storm (thanks to our PM for the perfect job he done). So, realtors who were bringing "real estate market to MOON" have now shutup call. Also howc ome you forgot those 5 millions work permit holders with expiring visa this year mostly residing in GTA. Even if Govt. is able to kick out just one million out of 5 millions, that would have dire impact on real estate. I guess you need to redo your visdeo adding above stuff :).

I'm pretty sure you're correct! A good economist is right 50% of the time 😂

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments

Good job 🎉🎉🎉

👏👏👏

Here's to 2025!

Good points but at some point one has to get in if it is to live and raise the family. I may be wrong but I think Dec 2024 was a good time to buy since one can have conditions to purchase in offer plus the new rules for the first time homebuyers reducing the down payment requirement for 1 - 1.5 million dollar house will also impact the market. More debt slaves as I was looking at a video where it said that a 1.1 million dollar house required a 20% ($220k) down payment before Dec 15 but after Dec 15, the same 1.1 million dollar mortgage will require $95k as down payment, plus 30 years amortization. This can increase market activity as someone selling their house previously for 940k may increase it to 1 million as required down payment is lower. This will make the banks happy as people will be chained in huge debts for a long time. Just my 2 cents.

Hey Vic hopefully we have a great 2025. Keep up the great work. Much appreciated

"Everyone is back in the market at the same time". Who do you think you are kidding?

Is this in cad or usd

On whar planet is that guy with the red shirt ? Just taking nonsense....

'side ways', lol with prices 30 % down on condos downtown in a couple of years....

Finally. That's just bad karma since the government of Canada banned all the foreign buyers. LOL So funny to see all those Canadians speculators lose money now.....

PARTY TIME IS OVER FOR THESE GOUGING INVESTORS AND REAL STATE INVESTORS…GREEDINESS AT ITS FINESTTTTTT

Can always count on realtors to spread lies lol

This market is overinflated, , sucking dollars from productive investment, we're gonna pay longtime for that mistake. Trickle my butt.

Its all about price to income. Prices need to stay within 3 to 4 X median household income. Either wages need to increase to meet inflated home prices (ha ha, not even close at the moment) or prices need to come down to meet the 4 x Median income. Inflation and speculation has prices 8 to 10 X + median income, things started spinning out of control in 2005, and this crazy train hasn't stopped. I think an economic Brick wall is coming, but many people much smarter than me said that 10-15 + years ago, yet here we still are, on this ever speeding Real Estate crazy train.

Give it up. Don’t listen to this folks. One month of data doesn’t make a trend. The trend is down. When in doubt zoom out.

Hi, where have you been? Your video came after few weeks.

Only a financially illiterate dufus would be buying Real Estate into this crash/correction akin to catching a falling knife..... just plain dumb !

tsk tsk...sending people into more debt

Appreciate the detailed breakdown! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?

Is it really collapsing though? Cause I still can't afford anything even with a decent job

The reason for excessive taxation is the race to preserve the robustness of the economy, which shelters complex financial products. If the Canadian economy were to shrink, as one would expect due to an obvious lack of productivity, that would shrink the "fictional" financial constructs and creative corporate structures, which at this point are the tip of the spear of economic growth. The biggest companies currently are the ones that are either very old with a high degree of influence, the tech sector which is rapidly expanding, or investment funds that have all these creative schemes of securities which are built hierarchically, securities of securities of securities... I mean it's all mumbo jumbo at this point. We are no longer in the era of healthy growth, building cities, and infrastructures, we are no longer growing the steel industry that much, or even energy production, as we did a hundred years ago. Now we spend so much resources and energy on computing, which is more used to manage than create. Thus, we have more of a bureaucratic system rather than a productive one.

Who has involved in pushing / encouraging the price up towards 2000 per sq foot in condo markets?

I like his non-ideological approach. Every party has dropped the ball on this file.

Feeling b1tchy. I've known/worked with about 80 lawyers in my day. The majority of them have an inflated view of their intellect, which is hilarious to me. Anyway, what is it with lawyers and basic math? Why are they so dumb? $1600 to $1000 is a 37.5% loss, not a 60% loss. If you're a lawyer, and you're reading this, please understand that you're likely a dubmass. Thank you.

How much housing you building trudeau? And why is housing construction stopped in Toronto trudeau? Maybe a tax problem genius!

The Liberal government under Trudeau has screwed up big!

We are likely in stagflation. Prices remain quite high but no buyers sales.. Five years of this ??

All A government plan to take more from us and keep canadian poor and never owning anything here

DOWNSIZE or risk to lose a lot more. The only ones winnings are the banks.

Don't buy someone else's house. Buy land and build your own home. RV living is 😎👍 too no property tax

You are joking, I hope. These prices are so ridiculous even after coming down a little bit. This is a biggest scam there is.