'Twas the Cringe before Christmas, And all through the house, The realtors were trying To trap buyers like a mouse. Thanks for the laughs and sharp analysis this year! ☃️
Freehold properties require more maintenance and upkeep, which can add up. On top of that, they’re not as liquid as condos. If you need to sell quickly, it can be a lot harder to move a detached home compared to a condo.
I get where you’re coming from, but I actually think freehold properties have their place. They tend to have better long-term value, especially in desirable neighborhoods. Condos, while great in terms of lower maintenance, come with a lot of restrictions-like condo fees, rules on renting them out, and the risk of a high percentage of units being rented, which can affect the building’s value
The market seems so unpredictable, and even though freehold properties might appreciate in the long run, they seem more vulnerable in the short term. The demand just doesn’t seem as high as it used to be
That’s fair, and it’s really a matter of where you’re investing. Freehold homes can be great if you’re in a growing area or if you’re holding long-term. But with the current market volatility, I think condos have more stability. For example, they’re generally more affordable for first-time buyers, and in major cities, you have more demand for smaller, manageable living spaces
But isn’t that part of the problem? More demand for condos might be inflating the market in the short term, while freehold properties could be undervalued right now. In the long run, people are still going to want detached homes with more space. Once the market stabilizes, freeholds could be a better bet.
that’s a big 'if.' I mean, what if this shift toward condos is permanent? With the growing trend of urbanization, the demand for detached homes could stay low, especially with the rising cost of living and interest rates. I’m worried I could be holding onto a freehold property that’s just stuck in a downtrend
I have clients so optimistic on the market given the recent rate cuts but the employment numbers are concerning, especially when you separate the public and private sector
The pay gap between public and private is probably at least a minimum of 10 to 15 grand for most positions and its gotta stop ... too many people at or under the poverty line if wages dont go up to keep pace with living costs housing prices will crash at some point soon
@@RyanLangmuirIf they don't stop the spiraling costs of everything eventually it won't matter what you make What is the use of making a hundred bucks a hour if you can't afford to go to the store and buy a loaf of bread raise wages cost of goods go up raise wages again cost of goods go up your taxes go up and you end up poorer just a vicious cycle
One example how about the 20k of condos where people are going backwards 1500 per month. Are they going to hang on forever ? Fixed Rates are rising , variable are coming down sure but the banks are having liquidity issues with all of the interest only and extended amortizations. Unemployment is about to Sky rocket and we based our economy on a real estate ponzi scheme the last 15 or so years fuelled by cheap money , lax credit and fraud. All ponzis eventually blow they may be able to inflate it a little further, but it will eventually blow and the longer they inflate the worse the carnage will be. It is not different this time it's just like late 80s heading into 90s except worse as people and companies for that matter are far more leverage then the past.
Good stuff as usual JF, I trust your perspective and your transparency, honesty and integrity continues to promote your videos (IMO). Thank you and Merry Christmas.
@@roseoverdose6451 You are free to elaborate, but I suspect you will not. I agree that we do act on our impulses especially when we do not have a conscious view of the world around us. I see that continued efforts of this channel are pushing a message to take responsible action. Do you have a message to share? Are you simply spreading fear because you're afraid? If you are so confident to share your point, why don't you share your reason as to why not trust Jon in this simple video or comment? Thanks in advance.
Merry Christmas and happy new year to Jon and to all his subscribers🎉. You always sail against the wave and that's your strength. Thankyou for sharing insightful content always.
Calgary most likely will it never really got any of the pandemic bump and had the highest growth of people moving to and a lot of wealthy inward migration
@ haha it most definitely did, houses we were looking at 2.5 years ago were 400-500k and now are 700-800k… our unemployment is highest in the country, we had a flood of people moving here and a lot will likely head back, especially as other markets drop ours will follow… and if trump tariffs our oil the whole province will implode
@@philip1065 yeah I think you’ll see some adjustment but not as crazy as we think i’m here in BC and things have kind of reverted back to normal like a pre-Covid market and what my realtor‘s friends called that was a great year and now you got people like OP who probably make bank off this negative content, and hoping that the pandemic gains were normal and sustainable which they never were.
A minimum wage type job could buy a house before the currency was totally trashed by governments and central banks. My friend's single mom from China bought a house in the late 80s cleaning hotel rooms. Now it's worth over a million dollars. Why should young Canadians today accept a dogshit future?
Thx so much for all your hard work in analyzing the RE market. As retirees that are currently renting and looking to reenter ( and own) sometime in 2025 or 2026, your unbiased and economy based insights are invaluable. We are actually monitoring your buying index closely. We simply cannot afford nor recover from buying too early. Suggestion. Mix in more discussion of falling CAD$ and inflation adjusted pricing. As today’s dollar buys one about 1/2 as much as it did just over ten years ago. House prices in gold or US $ is an interesting comparison to make. Anyway. Great work. And Merry Christmas !
If you notice the peak in detached went substantially higher, so comparing both to their own peak rather than overall peak does not paint a clear picture. Additionally Real estate priced in gold as well as S&P would make for interesting comparison.
The issue with the condos and the appearance of them holding their values is that none of the shoebox condos are selling, only the quality 2 and 3 bedrooms or more. Albeit, at much lower valuations. If the shoeboxes were selling they would drag down the whole condo market by about $200,000. We're not seeing the real value of the housing market as the lower end isn't selling and the higher end is selling for less. A person who can afford these rates or can drop cash isn't buying a low end townhome, bungalow or semi detached.
In the 416 area, prices for freeholds are barely down, maybe 10% from the peak. Same for condos. It was always the case that prices for properties in the outskirts are more volatile. P.S. It's also the case that the price 'at the peak' was there for maybe 1 month, pretty meaningless. That's why it makes more sense to average it for a period of at least a few months. When looking at average prices, it's very likely that next spring they will look pretty close to the spring of 2021.
Hey Jon, appreciate you sharing my video. My stance is that prices are likely to rise in the first few months of the year but after that is anyones best guess as there is a lot of uncertainty and dark clouds looming in the background. Thats why i say it may be a good chance for sellers to finally exit in the next couple months.
@@925inder2 Prices will be higher than previous market peak in Vancouver by end of 2028. Steady uptrend to start in 2027. Prices in 2025 to end within a couple percent of current prices (either up or down). Could be completely wrong if bad data comes in. 2026 a question mark. If we don’t get a rebound in housing starts the construction industry will likely lose a ton of jobs by 2026. We are in very uncertain times. It is extremely difficult to take a hard stance on anything.
Things could change when polievre gets in, could take a while to clean up the mess of turdeau, but most definately will change due to cancelling turdeau policy changes etc.
I have a feeling it's going to take him years to fix this. Like 10-20 years. This has been ongoing for longer than Trudeau but he accelerated it by a lot.
merry christmas jon. although i disagree with alot of what you push... i still appreciate your content for what it is, and wish you the very best in the new year too!
More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $350k" portfolio has been reduced to rubble.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Should be interesting to see the unemployment rate by February, wonder if people will really tighten their wallet after Christmas. Allot of car repo's in the U.S. and allot of vehicles sitting in car lots here.
As inventory builds prices fall. As prices fall sales pick up. As sales pick up, the incentory gets mopped up. At some point, prices stop falling when the inventory balances out. If inventory dries up, prices rise. Its fairly predictable.
Jon I heard two guys asking themselves on their podcast who give you business because you’r very pessimistic! I thought myself, so people don’t like professionals who say the truth backed with numbers, they just want those realtors always pumping the market to make money no matter what! Hope you’r not starving due to your honesty! Merry Christmas!
Thanks for this video John. So interesting. You didn’t address inventory though which I would imagine is much higher for condos.. but maybe I’m wrong? I get the idea that inventory is the big issue with Toronto condos. There are so many of them being listed and even more to come on the market and there just isn’t the demand for them right now. They built too many of them in Toronto in the last few years and they were bought up by “investors” but not nearly as many end users are interested in them as investors are. Not saying i disagree with you at all, I appreciate your content and balanced perspective so much, but just wanted to ask about that. Thank for all you share!
A key factor often overlooked is that over 25% of new homes are being acquired by investors, rather than individuals seeking primary residences. Even if Baby Boomers decide to offload their properties or more housing stock enters the market, it won’t alleviate the underlying issue. Wealthy investors will continue to absorb the available inventory, which will keep home prices elevated.
There's also a lack of discussion about the role that major financial institutions-banks, private equity firms, and giants like BlackRock-played by purchasing properties post-2008, treating them as investment assets. It's impossible to fully understand the current housing crisis without acknowledging this trend. Additionally, larger luxury properties are inherently more profitable than smaller, more affordable homes, leading developers to prioritize luxury developments for higher returns.
While I anticipate a future decrease in home prices, I currently recommend diversifying investments away from real estate. Shifting capital into the financial markets or commodities like gold is a safer bet given the current high mortgage rates, recession indicators, and tightened lending standards. Housing prices might need to correct by 40-50% before the market stabilizes. In uncertain times like these, getting independent financial advice from a market-savvy expert is essential.
That's impressive! I'd be happy to share more details. I understand the hesitation, especially when it feels like many firms offer similar services. However, finding a trustworthy advisor has been key to my success.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for sharing your thoughts. I’m glad to have been of help, and I hope you find Rebecca Lynne Buie’s expertise valuable. Investing is a passion of mine as well, and I wish you success in safeguarding and growing your portfolio. God's blessings to you!
Also I believe he is Vegan also following W 3 F doctrines to end meat consumption for humans. Bill c 293 he introduced, gives government to stop animal production under the guise of epidemic readiness.
Since 2020 the volume of money supply added and investors in the housing market have played a major role in doubling real estate prices. What that means in 2025 remains to be seen.
It would be interesting to see a “dollar value transaction” chart. Essentially it would be the avg price x number of units sold. Can you do such a chart for next video?
Rentals need a cap on all rentals based on a dollar figure for square footage at a maximum of 1.75 per sq ft ... rent needs to be reduced to 2014 levels to be even affordable or all entry level jobs need to be forced to pay minimum 50k a year or even more people will leave, believe me i want to get the hell out and go to the states asap
While the normal market variables indicate the price of real estate should fall back to pre 2020 levels, I wonder if the powers that be will let that happen? If the money supply remains high and investors (including politicians) continue to buy real estate, the price will remain high. That is the goal after all - to make us all renters.
The peak in 2022 was artififial due to pandemic , so being down from there is not that relevant. Qulity freehold in good location seems to be fina due to strong demand and low supply, but condos are the opposite and crash is just starting
January 2022 peak was a blip due to over supply of money and lowest interest rates. If u take that out than how does that look? It's like u r comparing at GameStop shares at it's peak and now, based on case no one will ever buy GameStop. In yr stats can u please show what is the house value based on it's built cost vs sale price as of today, and is it up/down? and if u buy it today will u make avg 7-10% yoy in next 5 years. That will be helpful. that would be a good investmetn insight. Please
What are these ministers even doing? I feel like they must make minimum 120k a year if not more and all I ever hear out of Ottawa on housing is the occaisional boon to increase demand like the FHSA or increased borrowing limit from RRSPs
Should I buy in the next few months? I’ve been waiting for the last 2 years but I really don’t think prices are gonna change, there just isn’t enough houses, to much demand always
The decision is yours as you need to analyze your objective to buy the house. Is it to raise your family or is it just to get in housing market out of fomo? If the objective is the first one which is buy it for your family, then please proceed as you will need to raise your family regardless. Depending on whom you ask, there will be people who will say buy yesterday as the market will get busy and on the other hand, you will find folks who are waiting from the last 10 years for the market to crash. At the end of the day, you will sign the doted line and you need to analyze your requirements in line with your budget. Best of luck !
Why do people around the one answering questions always nod their heads as he/she speaks? Do they teach them this in their party internal meetings? Is that supposed to be like the psychological game for the viewing audience. These politicians have the same tactics as door to door salesman.
I think it's maybe an unconscious manner of expressing support of the person speaking. Not necessarily because you agree with what they are saying. I find that I do it without even thinking about it. Irritating habit.
There should be laws in Canada for single fa ily homes, and land in many cases can't be owned by corporations and must be Canadians citizens full stop. Some exceptions could be with family trusts etc.
I’ve requested this a few times before… can you normalize these charts for population growth (esp the one shown at 9:20). For a country like Canada with huge year over year population worth, you really need to factor that into the analysis. It’s too big a factor to leave out. For the same reason, Canada is in a GDP per capita recession but not in a technical recession.
Market sentiment is low..that's all you have to know...recession would freeze the market...25% tariffs would be a death blow..Canada should join hhe EU or BRICS
In which real estate market? I think everyone really needs to stop saying real estate market, there’s no point in calling it that. It’s many real estate markets and they are all different. The average of market information doesn’t mean a lot because there are probably no one that’s buying the average national house.
The cad value is droping, unemployement is raising, crime/drug use is skyrocking, debt at all time high and still rising, macroeconomic partner are droping us. Its not about a housing crash anymore, its about a failling advance economy, feel free to invest in immobile asset in a soon to be bankrupt country... I maybe wrong, but my risk management dont allow that amount of risk/reward.
@@yvesgingras1475 Dropping has two p's in it. There's zero chance Canada goes "bankrupt"... we have an abundance of natural resources, and it's a viewed on a global stage as desirable place to live. The issues we have all stem from the country being managed poorly... but we're getting new leadership soon. I am confident they will fix many of those things you listed. The future looks bright.
!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Merry Christmas Jon. Thank you for giving us an honest critique of the reality market.
My pleasure!
'Twas the Cringe before Christmas,
And all through the house,
The realtors were trying
To trap buyers like a mouse.
Thanks for the laughs and sharp analysis this year! ☃️
Freehold properties require more maintenance and upkeep, which can add up. On top of that, they’re not as liquid as condos. If you need to sell quickly, it can be a lot harder to move a detached home compared to a condo.
I get where you’re coming from, but I actually think freehold properties have their place. They tend to have better long-term value, especially in desirable neighborhoods. Condos, while great in terms of lower maintenance, come with a lot of restrictions-like condo fees, rules on renting them out, and the risk of a high percentage of units being rented, which can affect the building’s value
The market seems so unpredictable, and even though freehold properties might appreciate in the long run, they seem more vulnerable in the short term. The demand just doesn’t seem as high as it used to be
That’s fair, and it’s really a matter of where you’re investing. Freehold homes can be great if you’re in a growing area or if you’re holding long-term. But with the current market volatility, I think condos have more stability. For example, they’re generally more affordable for first-time buyers, and in major cities, you have more demand for smaller, manageable living spaces
But isn’t that part of the problem? More demand for condos might be inflating the market in the short term, while freehold properties could be undervalued right now. In the long run, people are still going to want detached homes with more space. Once the market stabilizes, freeholds could be a better bet.
that’s a big 'if.' I mean, what if this shift toward condos is permanent? With the growing trend of urbanization, the demand for detached homes could stay low, especially with the rising cost of living and interest rates. I’m worried I could be holding onto a freehold property that’s just stuck in a downtrend
Merry Christmas, Jon. Great Video.
I have clients so optimistic on the market given the recent rate cuts but the employment numbers are concerning, especially when you separate the public and private sector
The pay gap between public and private is probably at least a minimum of 10 to 15 grand for most positions and its gotta stop ... too many people at or under the poverty line if wages dont go up to keep pace with living costs housing prices will crash at some point soon
@@RyanLangmuirIf they don't stop the spiraling costs of everything eventually it won't matter what you make What is the use of making a hundred bucks a hour if you can't afford to go to the store and buy a loaf of bread raise wages cost of goods go up raise wages again cost of goods go up your taxes go up and you end up poorer just a vicious cycle
Good work Jon and Merry Chistmas -
Thanks, you too!
Vacant new homes all over the place in kw for years , no shortage of homes just a shortage of affordable homes .
Speculators trying to hang on
They wont be able to hang on much longer
In Toronto I saw a $1.3 mil townhome renting for over $6,000... If the going rate is even 2/3rd of that, they can "hang on" forever.
One example how about the 20k of condos where people are going backwards 1500 per month. Are they going to hang on forever ? Fixed Rates are rising , variable are coming down sure but the banks are having liquidity issues with all of the interest only and extended amortizations. Unemployment is about to Sky rocket and we based our economy on a real estate ponzi scheme the last 15 or so years fuelled by cheap money , lax credit and fraud. All ponzis eventually blow they may be able to inflate it a little further, but it will eventually blow and the longer they inflate the worse the carnage will be. It is not different this time it's just like late 80s heading into 90s except worse as people and companies for that matter are far more leverage then the past.
For Erskine-Smith, I'm sure it had nothing to do with the $96,800 pay raise a cabinet minister appointment comes with...
Family first.
Oh wait, another shot at the trough, on second thought, family's not really that important.🙄
Exactly
Typical flipflop case !
Good stuff as usual JF, I trust your perspective and your transparency, honesty and integrity continues to promote your videos (IMO). Thank you and Merry Christmas.
trust your gut, not jon.
@@roseoverdose6451 You are free to elaborate, but I suspect you will not. I agree that we do act on our impulses especially when we do not have a conscious view of the world around us. I see that continued efforts of this channel are pushing a message to take responsible action. Do you have a message to share? Are you simply spreading fear because you're afraid? If you are so confident to share your point, why don't you share your reason as to why not trust Jon in this simple video or comment? Thanks in advance.
I appreciate that! Merry Christmas
Merry Christmas and happy new year to Jon and to all his subscribers🎉. You always sail against the wave and that's your strength. Thankyou for sharing insightful content always.
thank you and merry Christmas
Merry Christmas!
Man our local Calgary boards keep calling for 5% increase next year, wishful thinking at the most on their part
Calgary most likely will it never really got any of the pandemic bump and had the highest growth of people moving to and a lot of wealthy inward migration
@ haha it most definitely did, houses we were looking at 2.5 years ago were 400-500k and now are 700-800k… our unemployment is highest in the country, we had a flood of people moving here and a lot will likely head back, especially as other markets drop ours will follow… and if trump tariffs our oil the whole province will implode
@@philip1065 yeah I think you’ll see some adjustment but not as crazy as we think i’m here in BC and things have kind of reverted back to normal like a pre-Covid market and what my realtor‘s friends called that was a great year and now you got people like OP who probably make bank off this negative content, and hoping that the pandemic gains were normal and sustainable which they never were.
Market stays irrational for longer then you can stay solvent!
Merry Christmas to you and your family. Thanks for all the great info over the year... Cheers
Love your Christmas tree lol Thank you for the hope of Freehold falling, love it! Merry Christmas to you and your family🎄
Same to you!
Merry Christmas. Thanks for the Canadian Data
As long as minimum wage workers are fed the lie of home ownership we will always have a problem.
The minimum wage worker won't be able to make mortgage payments.
6 names on the mortgage does it.
I think they have figured it out by now
A minimum wage type job could buy a house before the currency was totally trashed by governments and central banks. My friend's single mom from China bought a house in the late 80s cleaning hotel rooms. Now it's worth over a million dollars. Why should young Canadians today accept a dogshit future?
Thx so much for all your hard work in analyzing the RE market.
As retirees that are currently renting and looking to reenter ( and own) sometime in 2025 or 2026, your unbiased and economy based insights are invaluable.
We are actually monitoring your buying index closely. We simply cannot afford nor recover from buying too early.
Suggestion. Mix in more discussion of falling CAD$ and inflation adjusted pricing. As today’s dollar buys one about 1/2 as much as it did just over ten years ago.
House prices in gold or US $ is an interesting comparison to make.
Anyway. Great work.
And Merry Christmas !
Thanks for the comment
agree, Just made a similar comment.
Merry Christmas Jon. Thanks for all your hard work and content.
Same to you!
Thanks for the update Jon! Merry Christmas!
If you notice the peak in detached went substantially higher, so comparing both to their own peak rather than overall peak does not paint a clear picture. Additionally Real estate priced in gold as well as S&P would make for interesting comparison.
Merry Christmas John. Thanks for keeping us sane 😊.
Same to you! Thanks
Merry Christmas Jon.
Thanks a lot for all you do!
Hey Jon, Hope you have a Merry Christmas. Thanks for your support in 2024 and keep up the great work. Chat soon…
Wow. This new minister just babbles on. Empty
Another good informative video. Thanks for all the insight in 2024, have a great Xmas and 2025.
The issue with the condos and the appearance of them holding their values is that none of the shoebox condos are selling, only the quality 2 and 3 bedrooms or more. Albeit, at much lower valuations.
If the shoeboxes were selling they would drag down the whole condo market by about $200,000.
We're not seeing the real value of the housing market as the lower end isn't selling and the higher end is selling for less. A person who can afford these rates or can drop cash isn't buying a low end townhome, bungalow or semi detached.
Merry Christmas Jon! Love your work!
Thank you! Cheers! Merry Christmas
Sir john good to see u ,and haveMerry Christmas to you and your family
In the 416 area, prices for freeholds are barely down, maybe 10% from the peak. Same for condos. It was always the case that prices for properties in the outskirts are more volatile. P.S. It's also the case that the price 'at the peak' was there for maybe 1 month, pretty meaningless. That's why it makes more sense to average it for a period of at least a few months. When looking at average prices, it's very likely that next spring they will look pretty close to the spring of 2021.
Jon knows how to give me the warm and fuzzies on Christmas Eve! Thanks, Jon! 😅
I love that realtor video. Everyone hustles differently. Hilarious, thanks for sharing.
she copied that idea from another realtor who did it better.
You are so welcome!
Hey Jon, appreciate you sharing my video. My stance is that prices are likely to rise in the first few months of the year but after that is anyones best guess as there is a lot of uncertainty and dark clouds looming in the background. Thats why i say it may be a good chance for sellers to finally exit in the next couple months.
what is your guess?
@ Go up in the first half and likely come down in the back half. Similar story to what happens every year due to seasonality.
That’s my BEST guess
@thatagentkelly That is no response, you must have an opinion. How about next 5 years.
@@925inder2 Prices will be higher than previous market peak in Vancouver by end of 2028. Steady uptrend to start in 2027.
Prices in 2025 to end within a couple percent of current prices (either up or down). Could be completely wrong if bad data comes in.
2026 a question mark. If we don’t get a rebound in housing starts the construction industry will likely lose a ton of jobs by 2026.
We are in very uncertain times. It is extremely difficult to take a hard stance on anything.
Thank you Mr. Flynn. You and your family have a very Merry Christmas. God bless you and your family.
Thanks Merry Christmas to you too.
Things could change when polievre gets in, could take a while to clean up the mess of turdeau, but most definately will change due to cancelling turdeau policy changes etc.
The day anything gets repealed...
and communist ideology will be cancelled as well 🎉 amen. Thank you
I have a feeling it's going to take him years to fix this. Like 10-20 years. This has been ongoing for longer than Trudeau but he accelerated it by a lot.
I agree but will take a few years and will be pain for many
merry christmas jon. although i disagree with alot of what you push... i still appreciate your content for what it is, and wish you the very best in the new year too!
Much appreciated, Merry Christmas
Yeah that story is getting very familiar how just the Condos are taking the beating. Lol
Good catch!
More immediately than a collapse in the stock or real estate markets, inflation directly impacts people's standard of life. It is hardly surprising that the present market attitude is so negative. If we are to live in this economy, we are in dire need of assistance. ETF and stock markets are still unpredictably volatile, just like the housing market. My $350k" portfolio has been reduced to rubble.
A lot of people are still making returns on investment this period. You just have to be very grounded or solicit the help of a professional.
In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.
My partner’s been considering going the same route, could you share more info please on the advisor that guides you
Google Melissa Terri Swayne and do your own research. She has portfolio management down to a science
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Should be interesting to see the unemployment rate by February, wonder if people will really tighten their wallet after Christmas.
Allot of car repo's in the U.S. and allot of vehicles sitting in car lots here.
Will be interesting for sure
As inventory builds prices fall. As prices fall sales pick up. As sales pick up, the incentory gets mopped up. At some point, prices stop falling when the inventory balances out. If inventory dries up, prices rise.
Its fairly predictable.
Great Analysis!
Thanks
Merry Christmas 🎅
Thanks, Merry Christmas
Housing minister for got to mention 'for the money 💰 '
Why the house price is so high in Stouffville, ON?
Jon I heard two guys asking themselves on their podcast who give you business because you’r very pessimistic! I thought myself, so people don’t like professionals who say the truth backed with numbers, they just want those realtors always pumping the market to make money no matter what! Hope you’r not starving due to your honesty! Merry Christmas!
Remember when that politician says “the difference he wanted to make” he means “the amount of money he can launder”
Thanks for this video John. So interesting. You didn’t address inventory though which I would imagine is much higher for condos.. but maybe I’m wrong?
I get the idea that inventory is the big issue with Toronto condos. There are so many of them being listed and even more to come on the market and there just isn’t the demand for them right now. They built too many of them in Toronto in the last few years and they were bought up by “investors” but not nearly as many end users are interested in them as investors are.
Not saying i disagree with you at all, I appreciate your content and balanced perspective so much, but just wanted to ask about that. Thank for all you share!
Everything will be fine!
A key factor often overlooked is that over 25% of new homes are being acquired by investors, rather than individuals seeking primary residences. Even if Baby Boomers decide to offload their properties or more housing stock enters the market, it won’t alleviate the underlying issue. Wealthy investors will continue to absorb the available inventory, which will keep home prices elevated.
There's also a lack of discussion about the role that major financial institutions-banks, private equity firms, and giants like BlackRock-played by purchasing properties post-2008, treating them as investment assets. It's impossible to fully understand the current housing crisis without acknowledging this trend. Additionally, larger luxury properties are inherently more profitable than smaller, more affordable homes, leading developers to prioritize luxury developments for higher returns.
While I anticipate a future decrease in home prices, I currently recommend diversifying investments away from real estate. Shifting capital into the financial markets or commodities like gold is a safer bet given the current high mortgage rates, recession indicators, and tightened lending standards. Housing prices might need to correct by 40-50% before the market stabilizes. In uncertain times like these, getting independent financial advice from a market-savvy expert is essential.
That's impressive! I'd be happy to share more details. I understand the hesitation, especially when it feels like many firms offer similar services. However, finding a trustworthy advisor has been key to my success.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for sharing your thoughts. I’m glad to have been of help, and I hope you find Rebecca Lynne Buie’s expertise valuable. Investing is a passion of mine as well, and I wish you success in safeguarding and growing your portfolio. God's blessings to you!
From 20 Power of sales to 60. If it goes from 60 to 6000 in the next year, I will be impressed.
Also I believe he is Vegan also following W 3 F doctrines to end meat consumption for humans.
Bill c 293 he introduced, gives government to stop animal production under the guise of epidemic readiness.
It seems they all work for someone other than us.
Thank you for real information. Happy holidays!
Merry Christmas
Thanks, Merry Christmas
Thanks for trying to objectively judge the trends with some tangible data provided. Cheers
Thanks for the comment
The most important factor in the price of real estate is the employment rate. Everything else is noise.
Since 2020 the volume of money supply added and investors in the housing market have played a major role in doubling real estate prices. What that means in 2025 remains to be seen.
What are your thoughts on buying single detached home in Edmonton, market which seems to be immune to whats happening elsewhere, at least for now?
that video with the agent...... omg.... cringe!!!!! just terrible. What a country we have these days.
She was working really hard for her money, however she may just be in the wrong profession.
@@willowwoods7343 she copied the idea from another realtor who did it better.
Grifter
I'm really hoping those numbers going down start making their way over to Calgary soon. Keep hearing mixed reviews on the AB market.
Do you have any comments on house prices going up in Montreal ? 10% yoy. I'd appreciate your insights.
The cabinet post allows the person to qualify for a fat pension for lofe, juast ask Singh
It would be interesting to see a “dollar value transaction” chart. Essentially it would be the avg price x number of units sold. Can you do such a chart for next video?
I’m pretty sure I lost a year or two off my life from the cringe of that first realtor video
Please do a collab with Mark Mitchell in the new year!
Anything in particular you’d like us to discuss
Sunny ways sunny ways!!! Make Canadians' lives affordable again!
Jon we are hearing the same freehold / condo story out in Vancouver. Can you tell us if that dynamic is true here?
Rentals need a cap on all rentals based on a dollar figure for square footage at a maximum of 1.75 per sq ft ... rent needs to be reduced to 2014 levels to be even affordable or all entry level jobs need to be forced to pay minimum 50k a year or even more people will leave, believe me i want to get the hell out and go to the states asap
While the normal market variables indicate the price of real estate should fall back to pre 2020 levels, I wonder if the powers that be will let that happen? If the money supply remains high and investors (including politicians) continue to buy real estate, the price will remain high. That is the goal after all - to make us all renters.
Happy Hanukah!
Merry Christmas!
The peak in 2022 was artififial due to pandemic , so being down from there is not that relevant. Qulity freehold in good location seems to be fina due to strong demand and low supply, but condos are the opposite and crash is just starting
Why does the first realtor sound like Gollum?
January 2022 peak was a blip due to over supply of money and lowest interest rates. If u take that out than how does that look? It's like u r comparing at GameStop shares at it's peak and now, based on case no one will ever buy GameStop. In yr stats can u please show what is the house value based on it's built cost vs sale price as of today, and is it up/down? and if u buy it today will u make avg 7-10% yoy in next 5 years. That will be helpful. that would be a good investmetn insight. Please
What are these ministers even doing? I feel like they must make minimum 120k a year if not more and all I ever hear out of Ottawa on housing is the occaisional boon to increase demand like the FHSA or increased borrowing limit from RRSPs
Should I buy in the next few months? I’ve been waiting for the last 2 years but I really don’t think prices are gonna change, there just isn’t enough houses, to much demand always
The decision is yours as you need to analyze your objective to buy the house. Is it to raise your family or is it just to get in housing market out of fomo? If the objective is the first one which is buy it for your family, then please proceed as you will need to raise your family regardless. Depending on whom you ask, there will be people who will say buy yesterday as the market will get busy and on the other hand, you will find folks who are waiting from the last 10 years for the market to crash. At the end of the day, you will sign the doted line and you need to analyze your requirements in line with your budget. Best of luck !
big shifts comin....thank you for your sharing
Why do people around the one answering questions always nod their heads as he/she speaks? Do they teach them this in their party internal meetings? Is that supposed to be like the psychological game for the viewing audience. These politicians have the same tactics as door to door salesman.
I think it's maybe an unconscious manner of expressing support of the person speaking. Not necessarily because you agree with what they are saying. I find that I do it without even thinking about it. Irritating habit.
That's "that agent kelly".
Hes from Abbotsford where i live.
Hes a fool.
Lol
There should be laws in Canada for single fa ily homes, and land in many cases can't be owned by corporations and must be Canadians citizens full stop. Some exceptions could be with family trusts etc.
I’ve requested this a few times before… can you normalize these charts for population growth (esp the one shown at 9:20). For a country like Canada with huge year over year population worth, you really need to factor that into the analysis. It’s too big a factor to leave out. For the same reason, Canada is in a GDP per capita recession but not in a technical recession.
That video from realtor so CRINGE !!! I MEAN REALLY??
Yup
Thanks again for separating fantasy from fact.
The % price drop will be directly correlated to credit quality of borrowers.
Well the cringe real estate agent would never get my business .
Market sentiment is low..that's all you have to know...recession would freeze the market...25% tariffs would be a death blow..Canada should join hhe EU or BRICS
Move to a small town. Housing is cheaper.
that realtor hiding copied that which makes it even more lame. the original was pretty good.
I didn’t realize that
Just buy anything below 15% from the price in 2019 is safe
In which real estate market? I think everyone really needs to stop saying real estate market, there’s no point in calling it that. It’s many real estate markets and they are all different. The average of market information doesn’t mean a lot because there are probably no one that’s buying the average national house.
Best tree ever.
We need a new election, here I said it,....Merry Christmas.
Yep
If you stood beside JT throughout what he’s done to Canada, you are a traitor.
Thats a huge percentage of the country. Of course they are all going to pretend they didn't now.
How come these guys keep talking about sacrifices and time , however, there are no positive impacts or results to show for any of that?
2025 bringing 75% crash.
Romans 10:13 For whosoever shall call upon the name of the Lord shall be saved.
Yup. Except for those UAP's flying around New Jersey... didn't read that chapter I guess
Jingle jingle dingleberry
fricken sick a$s proverb bro
@@joebachmeier6747 Nobody wants to go to Jersey except the aliens.😂
Can’t argue with that
Condos can be Freehold.
It’s a form of ownership, can’t be both but certain elements can be such as freehold with condo road
Jon merry Christmas!
Our country is in shambles
It is only going to get worse in canada!
Thanks, Merry Christmas
that was your crash boys. enjoy.
The cad value is droping, unemployement is raising, crime/drug use is skyrocking, debt at all time high and still rising, macroeconomic partner are droping us. Its not about a housing crash anymore, its about a failling advance economy, feel free to invest in immobile asset in a soon to be bankrupt country... I maybe wrong, but my risk management dont allow that amount of risk/reward.
@@yvesgingras1475 Dropping has two p's in it. There's zero chance Canada goes "bankrupt"... we have an abundance of natural resources, and it's a viewed on a global stage as desirable place to live. The issues we have all stem from the country being managed poorly... but we're getting new leadership soon. I am confident they will fix many of those things you listed. The future looks bright.
!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
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I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Wow our politicians are such good sprakers,friendly and such a good dad, trained by the same BS master, private tutor of our beloved Trudeau....
Was that some cheap Bollywood production or she actually thought she was making a professional real estate video.
Too many side discussions and side track. You can simplify it by maximum 3 slideshow
Lighters 😂😂😂