🏚️Canadian Real Estate Bubble!🎈
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- Опубликовано: 6 фев 2025
- Is real estate in Canada in a hyper bubble? What's going to happen? This may surprise you! Predictions from a real estate guy & prepper. Ideas that nobody is talking about! Young people can't afford housing. The average house price in Canada is nearly double the average in the United States.
Pierre Poilievre is going to make housing more affordable. What does that do to Real Estate Prices? I'll give you a hint: They come down!
If Canada becomes the 51st state under Donald Trump, house prices are going to CRASH in Canada.
#inflation #realestate #canada
00:07 Intro Song
00:33 My experience in real estate
00:53 Is it a bubble? Comparison to USA
01:33 Older people benefit from increased asset prices. Young People Can't Afford.
02:02 Conservative Election in Canada to make affordable housing
02:40 House prices coming down in Fiat and Money (30% collapse)
03:13 Fiat Canadian Dollars & The economy
03:42 **National Threat to the Ponzi Scheme, Losing Equity. 50% collapse.
05:16 House Prices over the years
06:00 House Prices in the Future
06:20 **TRUMP TAKING OVER CANADA
07:20 Comparing USA to Canada Housing
08:52 Bad Economy
09:40 **BANKS, MONEY CREATION, & MORTGAGES (Who's Asset?)
10:50 **REAL ESTATE DEPRECIATES
13:11 **Canadian Dollar Collapse (Inflation)
14:08 Central Planning Ponzi Scheme
15:25 Do I Care????
15:40 NOT FINANCIAL ADVICE!!!!!
17:00 Closing
17:33 Freeze Dried Smoothie Shameless Plug
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That's why they call it the American Dream, because you have to be asleep to believe it. ~ George Carlin
Legend. Still... From beyond. 😎😎👍
I bet he faked his death@@SAABROSS
Canadian real estate became an issue when housing was considered more of a financial commodity than the homes where people live. There are too many forces and factors that intentionally inflate home prices so their value goes up on paper and in portfolios.
For sure. 👍
@@ArkopiaRUclips Yep and the conservatives contributed to that for decades, especially when Pierre Poilievre was housing minister and did nothing to make housing more affordable. He's all talk, he's a professional politician that has done next to nothing during his political career aside from criticize people lol
@@KathleenHawkbingo
@@KathleenHawkthank you for seeing the truth! Wish more Canadians would see the truth. This idiot is an idiot!
@@KathleenHawk Politicians being well politicians.....
When I started my career, the workers were paid more than American counter parts but the dollar was worth less and the American dollar. This was the bargaining chip ceo's and corporations used to press workers wages. The workers on the floor were middle class, with homes, vacations and sending children to school with nice cars.....20 years of fighting and taking away pensions, sub par pay increases and many many strikes, the workers can no longer afford the cars they are making parts for. Today, the American worker makes more than the Canadian counter part with homes costing 1/2 as much and the American dollar still has more value. What happened to Canada??
Every White Ntaion is being dismantled from within.
Kalergi Plan. Look it up. It's all intentional (and our fault for letting it happen).
That's 10 years of Trudeau, and "the budget will balance itself" and destroyed the economy, stupid taxes that does nothing but inflate the prife of everything loke the carbon tax. Mass immigration when we didn't need it keeps wages down, because compagnies don't want to pay a good price for their workers so they rather hire a low IQ and mostly incompetent and barely speak English or French and pay them peanuts instead of a skilled worker born here that could do the work or 2 or 3 people so should be payed more then can't find a job. I hope the housing crash.. most people yhat owns 2 or 3 proprety and people that doesn’t live here can't afford to pay their mortgages so they are forced to sell. It will sort itself out in a few years as we stop mass immigration and remove the stupid spending and taxes.
Liberal government
@glacialmobbs7657 as much as I'd like to point at them, 20 plus years travel both parties....
Foreign interference. Allowing foreign ownership of Canada. And for the twits saying the Liberals it has been the same under the Conservatives. Canadians are insane keep regurgitating the same two political parties forgetting unlike our American neighbours only have the two parties. Quite frankly it is time to move away from the revolving door of con/lib/con/lib. The definition of insanity is repeating the same action and expecting a different outcome.
So funny how I just watched CTV say that they expect it to booooooom this year. I make well over 100k, have no debt and I can still feel the pinch. Good luck with those rising prices...
We are serfs to The Crown. We will NEVER own land. Once people realize that, things change.
No one owns land now. They can seize that land, you think you own, if you don't pay your property taxes.
I'm glad at least one other Canadian believes that. The monarchy is a huge problem.
09:00 - Banks want You, the Slave, to pay principal and interest // The Asset is the Slave Person, Not the House //
Real estate markets are local. National averages mean next to nothing.
When the average household income cannot comfortably afford the average house then the market is in an unsustainable condition. When that situation is ridiculous, as it is in many markets in Canada just now, we observe a bubble.
It is unwise to buy into a bubble, and a great piece of luck to sell into one.
i bought in the bubble :')
The Banks might not want your house
but Vanguard does
Blackrock is currently selling US real estate at a loss.
@@ArkopiaRUclips I'm surprised they're selling, I thought they were just an infinite-money glitch of retirement funds to turn all land into rentals.
You know, and spread corruption to any company that wants their investment.
Dang !! Straight to the point, harsh , fast , smart and 100% real 👍🏻👍🏻👍🏻 keep it up 🔥🔥🔥Great job 🎉🎉
I often feel like in a terrible person for wanting land prices to collapse so I can afford land outside of the city.
I’m not buying any land at these prices. It’s wayyyyy over and above the productive capacity of it. If I need more land soon, I will rent. You need a home base though. ✌️
And land owners aren't terrible for wanting it to double every year? They deserve it if it crashes.
@@bookkeepingtipswithty the rent? I been renting mine the same price since I bought. What has rental prices increased from 2020 till now?
Canada traded affordable homes for free Covid cheques, our houses didn’t double in value, the money halved in buying power.
I subscribed just because you kept flashing real money. 😜
Inflation is another way to increase taxes. Thank you for being truthful!
Politicians be like:
> affordable housing
> keep valuation of the real estate equity
Oxymoron
Choose one
What they will do is building very small houses and apartments, it won't fix the problem at all but the people will have the illusion of something
you can't have affordable housing and have them keep their value, and we have politicians telling you both in the same
sentence!
Great video. Im not too concerned about our garbage government destroying our country. I've been preparing for it for the last 10 years. I have 2 full time jobs, and my house is almost paid off. I hope to retire early from one of my full time jobs and just work part time at my home business after that. My business is a pretty rare one, so i don't have a lot of competition, so i think im GTG! Im not convinced about gold and silver as i believe meat and real food will be the new gold and silver.
Exactly. In a severe crash, gold and silver will be traded for a hardy meal.
@bookkeepingtipswithty I'd still rather be the one with the food.
I immigrated to Canada in 1993 and watched the market go completely crazy in Vancouver.
I ended up in the US and I’m currently out looking at a new to me place after living in an RV for the last 5+ years. I just looked at a place that was 10 acres with a double wide on it for $100,000 asking price. It has power, well and septic and is fenced. I better pull the trigger before all the Canadians flee South and inflate the prices. 🤣🤣
A lot would if they could. It's too bad that it is so hard to get to the states. We immigrated as well about 14 years ago and dont want to go through that process again especially with our younger children.
It's not the "Canadians" inflating prices you should worry about. I hope your borders and regulations truly are strong!!! Canada'a wasn't...and our fearless leaders should have learned from what happened in Vancouver and Toronto!
Adult babysitter? No I'm an adult babysitter, Security at the RGH.
Very well articulated, thank you.
We sold a few years back and are waiting for the bubble to burst.
Same here , real estate agents tell you this is the right time to sell if you have a house, and this is the best time to buy if you’re looking to buy property
Your channel is undervalued, Dean. You should have way more subscribers. Great video.
I enjoyed your song and your info but maybe because I'm getting older I get bothered by this mindset of how older baby boomers and mid baby boomers (of which I am neither) are thrilled: drooling and wringing their hands about how much their real estate has gone up in value. They were fortunate to have lived in a time where disposable income versus cost of owning a home was much better than it is now. During this boom there were far more manufacturing jobs with decent wages per capita than there is now as greedy corporations want a larger profit margin which they can get through cheaper labour in other countries. I doubt many in that age group purchased their homes with the thought of making big bucks when it was time to sell - yes, they probably planned to downsize when the kids have become independent and make a little extra money for retirement living (big house more costly than little house). Don't you think they worry about their kids or grandkids housing affordability? Well you definitely can't blame people younger than yourself for the state of things so I guess you can only point fingers at older generations. If we want to be judging by generations, isn't it the younger people who use money making schemes such as house flipping and air bnb's?? It's unfortunate that we lost a lot of manufacturing jobs due to corporate greed, that our government doesn't really have any strong regulations regarding limiting foreign investment, immigration, speculation of a basic necessity etc., etc., etc. because they see dollar signs and go gaaah (they truly are the ones drooling and wringing their hands in anticipation of tax dollars)! Our leadership is corrupt if not criminal in it's use/abuse of taxes and support of the wealthy.
Thank you for this comment! I REALLY needed to head that!! ♥️. Please post more on your channel..... Please 😀. 👃👃👃✌️🇨🇦
It has been almost 10 yrs still waiting for the burst
It’ll probably go up, but groceries will go up more, and gold way more.
A lot of people are going to find it hard to believe that real estate in Canada can go down by 75% , but let's face it , it shouldn't have reached this point in the first place . A chicken coup of a house costing $1,000,000 plus , frankly I wouldn't be surprised if the crash is even more than 75%.
Great to mention the value of houses in terms of gold! It's amazing how closely they track and maybe we see a fall in houses-to-gold price. But definitely detached housing is not in a bubble in coastal BC. Now maybe condos are in a bubble, but I do no t give a crap about condos. Families cannot exist in Condos, they need good Canadian detached houses.
In BC in 2003 we saw 15,000 houses get built. In 2023 there were only 6,500 houses built in BC despite the population being 40% larger than 20 years earlier. That means land and detached houses remain in a dire shortage and the price will never really fall, even in terms of Gold real money. Regulatory burden, delays and costs for new homes make used houses more attractive and pricey. NDP just added a handicapped code change which will add $80k to the price of building every new house! It's been like this at least 30 years in BC, and every national housing crash prices merely flatten in BC while they fall other places.
Further: detached houses in north america have doubled in price every decade: SINCE WORLD WAR 2. The prices the last decade or two merely match this 80 year trend line. So don't hold your breath waiting for houses to fall in price, at least not in coastal BC and Okanagan.
I own a couple buildings in BC BUT I hold most of our net worth in US companies and own a house in the USA too, and have some gold of course. I really like Poilievre but Canada has been scorched-earth by Trudeau - not looking good to be exposed to Canadian real estate and business at all.
Correct. Go up in dollars, and down in money, as stated in the video. 👌
@planesandbikes7353 i would say yes that coastal properties will retain most of their value especially if they have a little useful property. The real killer to real estate, in my opinion, will be the urban places with no property (where all the crackheads live) if you can grow food or house livestock, your place will retain value if you can learn to grow the food or care for the livestock.
@@sunsetoriginals7320 Yes land is valuable, especially if sunny and room for gardening etc. Land in certain popular areas is scarce. But generally growing your own food is not economical even if you own the land. It's a fun hobby and my mom used to keep a huge garden to feed us kids, but I doubt it saved any money doing so. I am a minor prepper though - lots of emergency supplies and even a seed cache. The house I grew up in the prior owner lived through the Depression - they planted the whole yard in potatoes through the 1930s.
Thanks for the Roger Miller remix!😂
Love this humour new sub here!!
Wow! That’s quite a perspective on real vs fake money. Thank you!
Dean ... last week I, offered my (Big Six) bank mortgage dude .... (who I bought a stack of shiny bullion from 10 years before) to now use as a 100% cover for a three bridge loan to buy a farm. I wanted the farm mortage to be free, I wanted to pay back the loan within 3 years, and pay regular monthly interest rates in the interim. My manager sent it up the approval pipe. Three days later bank says ... nada, nix, nein!. Even with the 100% of the mortgage free title on the real estate and the bullion as risk cover for the loan. Even if we had a 50% price crash in that 3 years, they would still be whole... plus . Even though I bought the bullion from them they said "nope." Reason. Can't store the stuff, we don't have vaults anymore, too expensive to move and store. Too unusual. You might be a crimminal? Canada, banking, common sense and the productive economy is hopeless. Afterwards, I pulled all the remaining paper lucre out ... except for $666. I left this sum in the account as a passive agressive middle finger. We are going back to barter and trading. Love your content. You jyst make too much sense. LOL. ❤
I also asked multiple bankers if metal (money) could be collateral for a loan in the past. Answer always the same, after a brief explanation to the bank manager what money was. 🤪
I always appreciate your perspective on government! 😂
Wow, this is the best video I've ever seen on Canada. And on RUclips. Good job buddy.
Hey really appreciate that. I try my best. ✌️💪
Great common sense. And I love that song
You think canada becoming a state is common sense? It's really weerarded he thinks that's real.
@roseoverdose6451 Maybe not that part! The rest of what he said makes sense
Property surely worth to buy, but the price should be at least able to be affordable (pay with affordable mortgage) by half the people.
I think it’s something like the average person today has to make $280,000 per year to have the same quality of life as anyone living in the 1970s. 👍
UK 1850s. The average worker makes 30 pounds per year. The average worker home costs 75 pounds. Wake me up when I can buy a house in exchange of 3 years worth of income.
Here in the U.S. the houses need to lose 50% of their current value to be realistic...Canadian prices are just silly.
Thanks - good info. I have been buying silver for a few years now and waiting on the sidelines to buy again but cannot believe how long they can continue printing fiat and dragging the country down.
All assets whether they be "hard", like gold and silver, or perceived like fiat currency have any value if they "desired" by someone else. A very hungry person could care less about those about those assets due to a change in priorities, like starvation.
Sold our home in small town Alberta to move back to family farm in Sask… felt really lucky to get out of old house and mortgage after 11 years there. Wife and I were getting worried we would be able to sell and cash out as we were already seeing signs of a major slow down in real estate in our small town.
Our house would have been worth $700,000+ in the cities - we escaped with a sale price $237,000 after renovating the entire property.
Trying to turn our cash into real assets before our money becomes worthless due to hyperinflation.
Right? I missed lots out on things. Bubbles always go higher than I could ever imagine.
College grad here... All money is real enough if it is accepted for food. Your silver coin would be rejected at a grocery store.
You are correct that fiat is a poor store of wealth over time. Your coin is better.
Interestingly, the base unit of value is not dollars, it is "life-hours".
Hyper inflation is an injustice and devaluation of ‘life hours’… money printed out of thin air should only be printed in proportion to the actual life hours of value that society has produced.
The value of money should be reflective of the life hours… but governments have devalued our life hours and we are literal slaves as the dollar is worthless. Why we need to transfer garbage money into real assets and money while we still can.
Yup I started stacking silver and some gold instead of keeping $$ in the bank
Just got my BC assessment and a 860SQ ft condo in old building went up 10% in New Westminster. To $513.000 K that is messed up.
I saw a news article that some houses in Calgary nearly doubled their assessed value, and thus the Taxes.
@@ArkopiaRUclips That is even worse, drove through Calgary last year and was a sprawl of houses that all looked the same.
Good tune... Lol. I just took my home off the market today. Not a lot of motion going on in central Okanagan.
Lag time for real estate is 6-18 months before people realize how the market changed.
I liked your song!😂
Rewind to 2003. The average house price was closely tied to the AFTER TAX average income. There were pockets of higher rates (typically cities), but overall, housing was affordable, pretty much everywhere. Canadian residential real estate skyrocketed under Harper by 67%. Under Trudeau? 62% I mostly like what PP is saying, but he will not bring back housing to affordability because he is dead wrong on his statements. Housing is not double what it should be, it is approaching 10x, based on the model from the early 2000's and beyond, a metric that was true forever in Canada. And rents? LOL. No. It is NOT getting slashed. I'm in Vancouver. $2000/month for a shitty one bedroom. That's going to be cut in half? Eff off, socialists.
Housing will go up. Groceries more. Gold wayyyy more. ✌️
Finally someone gets it, what are your thoughts of Gold being reclacified tier 1 asset?
Gold is money. 👍
Was thinking about this last night.
If Trump actually wants Canada (at least right leaning/western provinces)… I wonder if he were to offer instant citizenship and asylum for any Canadian wanting/willing to defect? The number of people that would take that offer would be extremely high, and most of them would be from the economic backbone of Canada… that alone would possibly apply enough political and monetary pressure on Canada (or at least Alberta and Saskatchewan) to consider becoming States… it would be a hard decision for some, and an easy choice for many people.
Just a thought experiment, but if I were Trump and I was serious, that’s the first thing I’d do.
Thoughts?
Bigger government is Never good. I would sooner have all the states in the US be sovereign, and break up Canada as well.
@@ArkopiaRUclips Not saying that’s the path I’d prefer, just saying that if Trump really wants to apply economic pressure- stealing another countries citizens would be where I would start.
I personally think Alberta, Sask, and northern BC to the coast should be one country.
But in all honesty, I rather be another State (Alberta/Sask) right now than a Canadian Province.
The values our grandfathers fought for in WW2 no longer exist. I don’t want to leave the handed down homesteaded land that I’m living on, but also wish the laws it’s governed by wasn’t dictated by eastern and urban voters.
Our ways of life are absolutely polar opposite. Our country is too big to be governed the way it is, and lines need to change.
Yeah we're on exactly the same page my dude. I'm 25 and trying to explain this to my realtor friends just makes their heads explode.
Excellent video on just how this banking system has become so corrupted to the point where those who r forced to live on the streets in tents are realistically way better off except they r not able to leave their curb and venture out to the woods and live off the land .Our native population has survived with that mindset for 5 thousand years and they did well enough to prosper.
They truly are the masters of their environment. So how has it gotten to this stage in human development where there is nothing but decay and death? This isn't right .
"Would you rather live in a tiny crack house in Vancouver or in a mansion in Texas?" --- I guess that depends on how much you like crack.
As a young entrepreneur and first time home buyer, you can tell that I am already screwed in every way! I put a down payment on a 1250sq ft apartment in Vancouver. Put a down the payment 2 months ago, looking at the current market value and where the market is going, looks like I am going to let go of the down payment because I am going to loose a lot more money if I keep it for 3 to four years before selling it. Will never invest in real estate again. The media made it look like real estate is an investment but it’s actually not, it’s serious liability
If I wasn’t doing a farm & homestead (productive asset real estate), I would rent and not buy right now. You never know what is going to happen though. All the best
So the condo in Ottawa will loose value then later you say that houses will keep the value but the money will crash.
Am not sure i understand, should i sell or keep my real-estate?
Or should i transfer my canadian$ to US$ ?
Nobody knows. I invest in productive assets and real things. 👍
I don't agree if interest rates come down . 😊 but I like the FIG TREE behind you 😊.great green house 😊
with every passing day the idea of home ownership is looking more and more like a fantasy.
Spot on content. I always appreciate your wisdom and now I get the added bonus of a song. Can't go wrong there. Keep doing what you are doing.
I love the Boreal Forest. I came easily live off the land. No traffic just One with Gaia. 🎉. Excellent advice and love your frankness.
Whoever bought a house in the last 4 years is screwed ... Ships going down ..
I live in Greater Victoria. I rent a half duplex for 3000 a month that's 35 minutes outside of downtown, about as far and as "cheap" as you can get. We also have the "cheapest" homes for sale in the metro region in my neighbourhood. The absolute cheapest single family homes are 700k. The average is 1 million, and it can go up pretty much infinitely from there.
I rent a house because I have a family. Most people I know my age in their early 30s have no kids and live in 600 sq ft or smaller condos. Those are still 500k+ in most situations, or $2300+/month if you're renting.
A few years ago, house prices were literally half of what they are here today, and interest rates were also lower during that time.
Canada federal debt: $20k/person(USD) , USA debt $100k/person....as 51st state how much I gotta pay 20 or 100? 🤔
Right? 😃
Hoping to sell our homestead in Ontario this spring. Things are getting out of hand here. Sad to be leaving what we spent so long to build, but where we are going will hopefully be better. Great commentary as always Dean!
Where u located...know someone who is looking for a place
@@RobertMclaren68we are east of Owen Sound. Would love to be able to sell privately
@dennisknott9347 cool how many acres?
I live in Vancouver, where there is NO industry at all. What keeps life going in this city?
Delusions and momentum, but the pendulum is at its apogee.
Great video. I bought an old mobile home for now but our plan is to buy land somewhere and build a house. These prices are kn crack and it may or may not crash but im not sitting around waiting for it to crash
Man, just talked to wife recently about house being a depreciating asset in reality (same as car). Got your video recommended. True face of AI in action. Have you thought to share your experience in more details on how to start - land, building house etc. Thanks
I have shared; maybe I’ll do some more. 👍
Three years ago I bought a house for $15k. Paid cash. Just living in it. Haven't done any renovations. Not sure if I will sell soon or if I should hold the note myself.
I’m a realtor in the Fraser Valley almost 20 years and this is probably the most accurate description of our ridiculous real estate market, prices and financial situation that I’ve ever heard! 😅 Love it, I also have seen you on Nate’s program a few times Canadian Prepper it’s a routine for me to watch Nate here in my wife’s RUclips account. I do love what you’ve done there and I’m definitely interested in picking up a few boxes (4-5) for my family. I’ll be in touch
Cheers, Dave Dimen
I sold my house in Saskatoon , Saskatchewan, in one of the most expensive per square-foot neighbourhoods with a Riverview. I had granite countertops 2200 ft.² I own the house since 2008 and I couldn’t be happier I sold I moved to a small town of 600 people 95 km away and purchased a shitty little house for $15,000. I’ve had the big house $200,000 renovation I could care less about looking rich anymore. I was on the hamster wheel to try to impress other people get out of any big city especially Ontario. I don’t get why if you wanna go to Ontario? There’s very little economic advantage to be in there move to a small town in Alberta or Saskatchewan. You can get a money job that starts at 40 bucks an hour or you can move to Ontario and you can get a job at Subway that starts at where a minimum wage is, it makes no sense to me to live in a large urban environment
Good decisions. 💪👌
People should really consider what they get for all the taxes we pay. J
By erasing an imaginary border we could lower taxes by 60% get actual self and property rights. And all goods would instantly cost a lot less.
Healthcare will be impressive but will cost you your leg. But most people have insurance.
I think you are half right about this, because of rhe Baby Boom in the US and Canada being the largest generation we saw a sharp rise of housing costs as they became adults and started forming families, this was exacerbated when half of them were conviced that they needed to get dovorced and have seperate bouseholds.
To keep up with the rising housing costs, moms that would have stayed home before started going to work, which doubled the labor pool and cut wages, while housing costs stayed the same.
But since the Boomers didnt have as many kids as their parents, we should be in a state of excess houses. To keep the housing prices propped up, we have increased immigration, which uses up the surplus houses and widens rhe labor pool depressing wages and propping up housing prices.
So while a house should be a depreciating asset that might keep up with inflation or close to it, when you have massively inflated demand because of devorce and immigration and suppressed wages due to the same reasons, you have the situation we see.
This is the type of guy that will be stagnant with his life, believing he knows everything but never making any moves.
I’m 37, built countless homes, 7 rentals at age 22, got out, pioneered a farm from scratch, 3 kids, multiple businesses, and invested in real things after economic analysis of what is the most likely future. 😃
I think you are missing the concept of supply and demand in your video. Plus Inflation and taxes impacting the cost. But I understand your point of view. I agree that the prices of home could reduce once the government starting increasing the supply of homes.
Why is immigration so high? Economy shit and people not having kids, and need bodies to prop up the Ponzi scheme. As I stated. ✌️
In Canadian clown bucks even cars behave like assets. The used car i bought in 2019 for $7k is selling for $11k to $13k with the same amount of miles my car currently has now.
I hope the back of your T-Shirt says 'Said No One Ever". I've been saying that the Canadian real estate market has been due for a massive correction ever since the 2008 global financial crisis.
It’s my Urban Camouflage
well thats PPs plan to strip boomers of retirement! build larger gov that can controls city gov! canadians are too smart to believe a lifelong politician that has a vested interest in housing crash and made millions magically working in gov getting paied very little. wonder how many people he owes favors too? hmm. wonder if he will buy israeli surveillance tech company with canadian tax money harper purchased a several years ago "to keep our borders safe"? i wonder if he will defacto put in so much legislation any digital currency will effectively become centralized and feds will have access to your spending habits and track each dollar u spend... lol i mean writing is on the wall here folks. JT needed to go but PP is HORRIBLE option, otoole was far better statesman to bring canada together vs divide like they do in the USA..
The main criticism i have of this method of looking at real estate: Its not the home that drives the value up, its the land value. This is determined by the vacant lot prices vs a house. average city lot in my smaller town is 250k, the cheapest house on the market is 280k. House worth ~30k. Every other point hes made is spot on.
Thanks for explaining in simple terms that - although we need a place to live - the house and property is really a big liability - and that the bank is the real owner - because their babylonic money system keeps all of us enslaved - regardless of race creed or colour - banks do NOT discriminate
The banks in Canada are often protected against loss if the mortgage is CMHC insured. If those mortgages default then the bank is made whole by the people of Canada since CMHC is a crown corporation. Canadian banks often realize a return on loans even where their risk is zero.
Great. More inflation.
I see Canadians way more sensible than the people in the US, you do not see an average person wanting to be drowning in dept unlike in the US where it all looks so normal to be in extreme credit card debt.. Wish Canada never becomes part of the US..
For anyone owning a house, its crazy to see the fake house price hike as it impacts the increase in property tax.. Cannot stand the concept of property tax, well I know I cannot do anything about it, but..
@JeTVas Canadians hold the highest personal debt in the G7. Way more than Americans
Hahaha.. another delusional Canadian... Enjoy the downward spiral with your near worthless loonie 😂
Dude! This video is brilliant. Plenty of thanks!
Interesting point about silver as a store of value but being of limited transactional value. I also have stacked Au/Ag but lately have become more convinced of the value of digital currencies, BTC in particular. This assumes of course that it is not a creation of the government ( will we ever know?). The advantage of BTC is that it is a finite resource ( 21 million), quite unlike fiat and even precious metals. Also, it requires no storage, cares not for international borders and can be transacted privately.
Great channel Dean. I will soon be joining you on prairie acreage after decades on the west coast. Your greenhouse project is an inspiration which I hope to emulate on a smaller scale.
They've been saying that for decades and yet somewhow, unexplicably, it just keeps going on.
Where do you put your meager saving meanwhile then?
Assets not part of the system. Land, plant, equipment, business, inventory, gold, silver, mining companies.
@ArkopiaRUclips
Thanks
I am many years behind you , but I succeed to buy 100ha of land in Quebec with my father last year. I'll keep spending what I earn toward fruit trees for now, it seems to me that it one of the rare thing that gain intrinsec value on its own .
As long as they keep printing money (and they don't have any choice but to print) , assets are going to keep going up. Unfortunately so is everything else.
Hey Dean, I am a middle millennial who still has not been able to afford a home myself yet but am currently saving up for a down payment. As much as I would like a death contract as soon as possible… I feel like I will wait a bit longer, and save more until a certain scheme unravels.. hmm 🤔
I don’t know if waiting is better or not. You need a place to live. I would say find a very good deal, not too extravagant, and just live your life.
@@ArkopiaRUclips you're right. An acreage with a passive solar greenhouse it is!
Hey... I'm going to build a tiny house on a trailer frame because it's all I can afford in Justin Trudeau's Canada.
Can’t property tax it if you can move it.
@ArkopiaRUclips Exactly , essentially it's just a camper trailer.
the old car is worth more if it's like a manual 90's supra or a gtr or something
😂 Where do You live? BC is not barren, it is beautiful and lush. I am here, however, for the bulk of your message 👍🏻
I'm at about 50% equity in the suburbs of SLC. I wonder if now is the time to sell and move to my land to make homestead building a full-time job. The pending automation of the majority of the service economy has me thinking now is the time.
A great video and points!
Side or maybe part of the main note to add is that in Canada, the majority of the lands are held by the governments and not the people, which artificially keep up the land values, even in rural Canada. It's 90% of the land base held by governments, and in places like BC, it's 95%! One bug reqson why in anywhere Texas you can buy land for a fraction of comparable in BC.you can fit Texas into BC and still have about approx. 200k sq km of land left over. The people need to take a hard line and push back on this.
Also, as long as you pay taxes on anything, you own nothing and remember that property taxes are a tax on unrecognized gains.... let that sink in 😉
Interesting video….not too concerned. Timing is everything with any commodities. Being debt free, I feel the only way that this all can happen is with a full financial reset. I can’t see it happen.
I'm wondering if the vast acreages required now for dolar farms, wind farms, and Data Farm requirements don't 😅 actually skew logic on this topic? New to your channel! 👍🥰. 👃👃✌️🇨🇦
Thank you Dean, I love your projects.
The unlaying reason for the high prices are a low interest rate in recent years which drove prices up since the cost of borrowing was low and the borrower could qualify for the greater debt (higher price).....AND....... the Millions of extra people in the country during that same time, most of which without funds, which are being subsidized by taxes (YOU) and additional national debt + inflation and (YOU). New Housing stock can be built via NOT FOR PROFIT, Co - Op style model to provide a decent, respectful living space.
Germany, starting in the early 1950`s were finishing 250,000 units per year, all rental, not for profit.
The idea that old people don’t care about young people is really interesting. We have reciprocity in our family relationships but we can’t see it in our government. Elect a party that cuts education funding and it will also raise the OAS to 67 and cut supplements. We can do better and fight austerity and tax cuts for corporations and the wealthy. These aristocrats will never share our values so regular people need to trust each other and use government for their purposes not Elon’s.
I agree mostly. I liken real estate to roulet . I like the shameless plug at the end of the video. 14 people can't share the same plate of food ! 🤠 your correct. keep stacking !
so glad to hear your perspective, so much noise out there!
Another reason to buy a 14k home in admiral Saskatchewan like my sister did two years ago 🎉
That’s not in a bubble. 🫧 👌
Don't agree or disagree bub. I'm not an investor. I just like watching you to see what you are doing and maybe learn something. But I think if the gov could not make money with their keyboard, things would be worse than the great depression. Back in the day, to fund WW2, the gov sold 10 and 25 cent saving stamps for people to save up to buy a $25 war bond. The dimes and quarters were silver back then.
Hey, I live in a frozen place Wisconsin not too far away I don't mind it, and I swore Trump said he was going back to gold.
If you go back to gold, I’m moving to the USA.
Bubble have to boom 💣.. because if the CAD dollar is loosing value economy won't be posible.
Weird Al is so jealous of your intro...I am still laughing.
We made replacements and improvements to our 40 yr old home in U.S. after the broke days of Obama. Many people borrowed against their home for things like boats, trailers, and vacations, things that don't hold value or are already gone. Very bad decision for some.
I get the impression that you will be moving to Texas at some point
Pendulums swing, US will be worse off, but only later on. 👍
Love your 🎵 song! 🤠
Why do you love big government?
The u.s companies are very robust, plus the fact u have the freedom to insult the u.s is very underappreciated, u don't have that in North Korea, Russia, China