Tariffs would have huge impact on housing market: Ron Butler
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- Опубликовано: 30 янв 2025
- Ron Butler, broker with Butler Mortgage, talks with Financial Post's Larysa Harapyn about the trade war would have a major impact on mortgage rates and buying sentiment in Canada.
Keep having Ron on! He and his show, the Angry Mortgage, and the Great Canadain Real Estate show, and Luc, are who you need to interview to see your audience spike!
Canadian Real Estate is crashing and Ron knows it.... it's very simply become unsustainable by median income servicing potential post Q2/22 to Q2/24 inflation damages under any Interest Rate maintained above the real zerobound against further inflation damages heading into recession.
How the heck will tarrifs impact housing? We have our lumber, our concrete, our drywall, our pex pipes, and our skilled labour, our engineers and architects..... what am I missing? My fear is Canadians don't start price gouging under the "tarrif" banner. We absolutely need to get our oil prices lower to start with.
It will impact housing because 10% of the Canadian economy is directly tied to the American market. If these people lose their jobs, demand decreases dramatically for homes, resulting in downward price competition for homes.
Unemployment will rise. If you have no money you can't pay your mortgage.
@@InspiredByReasonthe BOC will lower interest rates as a direct result of the tariff likely below target. Lowest interest rates push up demand aswell
that's not how it works, real estate buyers are sitting on their money right now, when interest rates go down, they buy houses.. so housing should be strong
also american buyers get more cad in exchange now, which will bring their investment in
It's appalling how little a buyer can get for $250K in Alberta. Families are buying overpriced properties and feeling lucky for getting scraps. I don't see how they'll be able to sell them for anything near what they bought them for in 15 to 20 years.
They won't. The bubble will be kept inflated until the boomers are gone and then...POP!
Lol 250k? Chump change. In the GTA you can't get anything under 800k .
Lol you think hiusing prices will be lower in 15- 20 years? Delusional
$250K is a down payment in the GTA
What year do u live in, sir?😂
Click bait headline "We just don't know " Fin Post continues down hill --- talking heads who provide no insight
Tariffs imply people will lose their jobs due to company moving to USA or just closing because the tariffs is too high for their profit margin. Recession is inevitable in short term if 25% is applied accros de board. Ontario projected up to 500k jobloss, Quebec up to 200k and so on in other province. Knowing more than half of people in Canada live paycheck per paycheck, there will be a lot of foreclosure incoming.
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family...
I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me
Congratulations, do you mind sharing how you did it...
Finding yourself a good broker is the same as finding a good wife, where you get less stress,you get just enough with so much little effort at things.
I think I'm blessed if not, I wouldn't have met someone as spectacular as Mr George Bryan 😊
I’ve followed GEORGE BRYAN since His New Jersey conference; it’s impressive to see how much his popularity has grown.
Nice toilet seats
😂
Comes with handles, too. Great design!
No new homes in BC? Uh, not in Victoria - there are MASSIVE amounts of new home/condos being developed in Victoria. Check out colwood, langford, saanich - even downtown has new condo developments. Royal Bay in Colwood has thousands of new homes/condos/townhomes coming online now and well into the future alone.
I was thinking about taking on the debt pledge, but then i realized why would i want to be a slave to the banks in this time of corruption and uncertainty. Im just going to be content with what i have and wait this storm out.
Canadian Real Estate is crashing heading into recession and the Mortgage renewal wave even regardless of any "Tariffs" and Ron knows it....
GTA Real Estate especially has become very simply unsustainable by median income servicing potential post Q2/22 to Q2/24 inflation damages under any Interest Rate maintained above the real zerobound against further inflation damages heading into recession
People will be stupid to buy house. People will loose their jobs very very fast ..and canada is going to be in recession in summer
Plus you never buy anything in record prices. That is a dumb decition
@@diegoestebandagatti4150 how much land a parson needs? People do not live forever 😃
Far from the headline 😂
"We just don't know "
I've been an investor in Apple, gold, housing market as well because I strongly believe in them, I've always believed in the stock but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla especially now that we are experiencing a market correction
Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot
I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one
My financial adviser is Gabriel Alberto William , he is not just a broker, he is a financial adviser that gives advice on any financial matters
I just google the name and found his website and I'm really impressed with his credentials; I have set up an appointment with him
I watched as variable rate mortgages got their discounts adjusted to basically cancel-out the latest 25bps cut. Variable rates are getting worse! Instead of prime - 0.95 I’m looking at prime - 0.7
Saying the condo market is getting worse is a matter of perspective. Many in Toronto can't afford a condo at current prices and we want prices to keep dropping so that we can purchase a place to live on the rebound.
That is correct 👍
Will keeping the Trudeau Liberals and their buddy in Ontario in power help Canadians ?
Ontario like most provinces literally has no good options. Only Alberta has a sane leader who cares about the citizens.
@csmac3144a ... you mean Dougie and BC's Eby aren't good for working Canadians ? LOL ! You're correct, the premieres are a disaster.
Ron is saying that 55,000 condos are closing and are overpriced. In reality, as an investor, I have 3 units closing this summer in 2 different condo projects. Each has 1 bedroom and a den - and I purchased them for $430,000 7 years ago. Even in the current market, they are still worth around $600,000 or even more. So, not all the stories and numbers you hear are accurate - fear mongering is not the same as facts.
If you haven’t sold them you don’t know what they are worth.
In what reality do you think your 1 bedroom condos are worth $600K ? A 1 bedroom condo is good for a single person or a very cozy couple. In what reality do you think 1 person or a cozy couple can afford the mortgage, condo fees, property taxes and insurance on that thing ?
You think it’s 600k. One yorkvile 2 bed 2 baths sold for 682k. No one will buy yours for 600k 1 bed bath. I am real estate investor in Toronto.
@@JohnGhatak-gq2uw sold and selling. Sounds like you don’t know the market.
@@SomeTechGuy666it’s not worth 600k
Well we know now. Tariff on Saturday.
That’s good. House Prices need to crash and Govt needs to become lean. The Govt is eating up too much GDP
Its dangerous to talk about all condos prices collapsing. Small 500 SF condos yes, my son owns a 1 bedroom plus den and he is getting contacted by RE agents wanting hin to list? All depends what you own and in what building!
Denial...and delusion 😂😂😂
Macro market forces
Makes sense, tariffs are taxes and taxes are bad.
What a flavor of the day guy. In 2022 is was all-in on fixed 5 year.
Everything seems to impact housing prices to go up. Everyone could leave canada and still they will condition the people to think prices will go up.
The socialist policies deter investment in real estate and new home construction. Why should I invest if the government will take all the profits? The poor don’t create wealth.
Neither do the rentier class (formerly known as the "idle rich").
The poor make you wealthy. The wealthy make wealth for themselves..
HST Holiday on Canadian homes, Canadian Car, Canadian OIL that's how Rich Oil countries do. Canada is a Rich country.
Correction, we were a rich country.
We have spent ourselves broke on basically nothing.
Now we wait for the boomers to leave so we can do what's necessary to fix things
@@donm2067 wow okay.
The only problem with that generation is it didn't punish your generation when they should have.
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Kind of paused tariff till April 01,2025. Trump said. But nobody knows when he is going to change his mind.
He didn't say that. He said the Feb 1 tariffs are still on the table. We don't know if Trump thinks the supposed beefing up of border security is enough.
I’m here to hear RON SWEARING!!
Everyone loves Ron!
He looks so damn angry
He’s the angry mortgage guy
An average Canadian after compulsory deductions and rent ends up with only 10% as disposable income. In the great capitalist nation of USA after compulsory deductions and rent an average American has 30-40 % income. In addition due to the socialism our per capita income is only 72% of the great capitalist nation of USA. This implies that for every disposable dollar an American has we have only 25 cent. How can such one sided unequal deals work? It is obvious one party is looting its own citizens and that is not enuff so it has to loot the American consumer with higher disposable income and also students/immigrants from grower saver, efficient and productive economies. And obviously that party was elected by 2 cities and China. And obviously how long will agenda of loot work specially when 100% of looters suffer TDS
Ya really people having less jobs and money won’t affect prices..
Canada’s economy minus oil & housing is a 3rd world country … period. From 2007 & onwards successive governments & BoC policy saw to it that monetary policy, fiscal policy & taxation made housing speculation the only driver of the economy
I guess houses will grow legs and travel back and forth between Canada and USA… how stupid is to consider the tariff threat for houses??? The tariffs could take out money from people’s pockets and that could affect their home buying power, but the effect is only indirect.
Everything is indirect...it's called the economy
Dr Doom and Gloom as usual !! .. My take: Too early to tell what the Housing Market will do !!!
Tons of construction in lower mainland BC.
Canada should join BRICS
Housing market is good to all time highs
Not sure who needs to hear this but The Censored Guide to Wealth on Bovolorus might just be what you've been searching for
51st state
Before anything else, we need to get Doug ford out of the government for wasting tax dollars on unnecessary elections and all the corruption in this he province.
I can’t listen this guy who doesn’t have a clue of Real Estate at all. If we get 25 percent tariffs than all prices are going UP including housing. Second is action from the government if they provide as 2008 to 2010 with 40 years mortgages with Zero premium than everything is fine. In 2021 we had over 10 percent unemployment and the biggest boom ever because of 1 percent variable rate and 25 years mortgages. Everything is dependent from government policies and interest cuts.
@@miloradrabasovik7938 residential real estate is incredibly diverse in its trends dependant on location and property type. Simply because one segment increased doesn’t mean the other won’t fall, yes there related but not tied. Some factors will push values up while others will push them down. Not enough info is known to make a fair assumption how to market would react. Ron is more educated in real estate than anyone who will ever watch this clip is.
@ Educated for mortgage broker? Partially I agree with you and again everything is depending from government policies CMHC and Bank of Canada. If they want to crash the economy and market in GTA make 20 percent mortgages on 20 years amortization as 1989. And your guy is rooting for that
A lot of people can’t stand this guy. Including some of his own family…
The banks had an agreement with the Liberals to limit financing to the oil and gas sector.
That had been quickly set aside with Trudeaus exit.
Morgage seekers will have competition for financing going forward.
I dont expect a full 25bsp cut in variable rates.
Whatever below prime is strictly up to the banks to decide.
I remember HSBC beginning of year used to have specials, Now it has been taken out of the system.
The banks or the cartel?
He is not that smart. No answers. Wait and see lol. You can tell he has no education
canadas housing market lol where mud huts are garbage
Big Short 2
We know now hahahaha
Lady can stay in my house and pay the rent in a different way. ❤
You’re a pig!!!
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@ultimaetsolder also is your home big? What’s the value? Can you leave inheritance for her? Send me some more info so we can work things out don’t forget to include your net worth and debt amount. Thank you kindly! :)
Your that desperate huh?
@@JustinJohnson-id1sl oh look, a scam artist.
Emergency cuts incoming. I was telling people to get into the real estate market and get a variable rate for months now. It's literally the last time the last opportunity to buy at lower prices. Canadian dollar he's going to go even further down, unless you know where to invest, real estate is the only option for you. Don't think that the prices will go down, they will not, get in now!