You are not listening to economists in Trump's orbit. The tariffs are permanent. The US wants to reshore its manufacturing base. You don't achieve that goal with a "temporary" tariff. It is not a given that interest rates will fall with the drop off of economic activity. It is entirely likely, that inflation will rise and economic activities falls - stagflation. This environment is incredibly bearish for housing...
Exactly. They use a humanitarian reason like "fentanyl" but the real reason is bringing jobs and industry back to the US. You have to give companies a long term reason to do that. It is putting America first in the long run. Should not be a surprise to anyone who has been paying attention.
Last time this happened early 2000s not necessarily Tarriff related but our dollar sunk to $.60 Canada back lost over half of our manufacturing to China in four years and we never got our markets and or manufacturing back and maybe this is a chance to restructure and get our independence back
It’s not permanent, our economies are dependent on each other and it would be a net loss for both countries so Trump is looking to get a very favourable deal on his side. Dick move but he thinks he has the perfect hand which he doesn’t.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Lisa Mary Walsh.
@@donm2067 it's a joke, right? I'm positioned very well to benefit from helicopter money paid out in the CDN peso. All asset prices will skyrocket. Boom in June is 100% on now!!
@@DummMoney-rr1fi I will be ordering all new camping gear with my free money. This summer is going to be awesome, with a little luck, I'll get laid off and jobs will be hard to get so I can just hang out at the beach with my kids. The government can keep sending me cheques all the way through hunting season. Noslers aren't cheap my friend.
Interesting how the market showed clear top with overbidding, emotional euphoria (can't lose), airbnb professionals but people are only realizing now and pointing to immigration halt, airbnb halt and now tarrifs. The economy was already cooked. The path down was baked in 3 years ago.
I think it's a fools errand for people to think low rates will kick the market higher again, we simply have no more upside left in housing. Stagnation is the best possible scenario now, and even that outcome I doubt will come to pass. People are going to have to accept the new reality. If we get a wave of unemployment due to tarrifs, how can these high prices be sustained?
A lot of newcomers to the market only ever experienced the Covid cuts during a booming economy. They dont understand that historically each time the BoC cuts rates at their meetings, it indicates a poor Canadian economy. What housing bulls should be hoping for is a halt in rates for a prolonged period, which would indicate that our economy is healing and supply and demand is in balance again. These folks thinking rate cuts thinking it means rocket fuel for housing are sorely misguided.
It's magic what happens when. Your local currency drops 10% one year and another 10% the next. Same price tag = on sale to foreigners. Canadian home prices are not likely to drop on price nominally, but in real terms definitely yes
#1) auto sector was leaving southern Ontario regardless #2) Timber industry in BC just had a meeting in PG saying theyre having a hard time sourcing good cut blocks #3) money printer go brrrrr
Don't forget that the Canadian government has blocked or interfered in every proposal oil and gas export pipelines over to the last 10 years. This is self inflicted pain.
Trump might just help us solve all the major problems that hold us back: high real estate prices inter provincial barriers EV delusions currency collapse fentanyl
Rates go down= inflation = good for gold. Rates go up = collapsing economy= good for gold. Gold $4060 Canadian. Add a couple zeros as fiat currencies continue to be exposed, including the USA dollar.
I would actually say a lot of it is predictable with Trump. It's crazy but I think because we are so used to politicians not doing what they say, this is a shock.
Apart from the economic consequences of tariffs, there the emotional impacts of fear that makes people freeze and halt spending…Hence impacting real estate prices
Trudeau was the worst Prime Minister in Canadian history, and it looks like his replacement won't be much better. The tariff issue is a secondary issue, not the primary one.
Rents are skyrocketing in the Montréal region. The Quebec ''Régie du logement'' will even authorize a 5.9% rent raise for 2025 which which could go up to around 10% if any justifications are provided like some work done on the building.
It's already affecting. Just the threat of tariffs is damaging the Canadian economy. No company is going to invest in Canada with this type of uncertainty
See what Ravi and his extended family are up to in a Victoria Neighbourhood? Conflict of interest? At the least, profiteering from the new rules. Way to go Ravi!!! 'A diabolical-looking build': Proposed triplex has Oak Bay residents up in arms Concerns about a proposed triplex drew a crowd to Oak Bay's council chambers Monday night (Jan. 27). Following more than two hours of discussion, council rejected staff's recommendation and voted to deny a developer's request to replace a single-family home on St. Patrick Street with a three-story triplex. Kahlon Developments was told to return to council with a new application that meets Oak Bay's current residential building regulations. The variance application sought to increase the residential building height to 9.31 metres from the 8.5 metres allowed and halve its three-metre interior side-lot-line setback regulations - the distance between the building and the property's edge.
In the short-term bond yields are coming down. As the dollar declined, and the government prints to keep afloat, these yields will skyrocket. Prepare for hyperinflation...
This is not a stagnation market. Is a down market with everything, including less immigrants pushing prices down hard. There are no reason prices in Canada were so high and Canadians will once understand there’s a risk involved in real estate they never had to worry about before
This is actually a great idea!I proposed a 7% GST to cut government debt. This is a stealth way of taxing the poor to get more tax money. Trump’s proposal to use tariffs as a mechanism to fund tax cuts for the wealthy is based on a strategy that aims to balance the loss of government revenue from tax reductions, particularly those benefiting high-income earners and corporations. Here’s how the plan works and the implications it has for different groups: 1. The Plan: • 10% Tariff on All Imports: Trump has suggested a universal 10% tariff on all imports, which would apply to a wide array of consumer goods, raw materials, and intermediate products that businesses use. The idea is to increase government revenue by taxing foreign-made goods that are sold in the U.S. • Tax Cuts for the Rich: Concurrently, Trump has proposed extending or expanding the 2017 tax cuts. These cuts primarily benefited high-income earners, reducing corporate tax rates and lowering personal income taxes for the wealthiest individuals. For example, the corporate tax rate was slashed from 35% to 21%, and the top individual tax rate was reduced from 39.6% to 37%. • Revenue Offset: The idea is that the tariffs will generate additional government revenue, which can help offset the lost revenue from these tax cuts. In other words, the revenue from the 10% tariff could make up for the reduced tax collections from high earners and large corporations. 2. Economic Implications: • Impact on Consumers: • The 10% tariff would likely result in higher prices for consumers since most imported goods would become more expensive. This includes everything from electronics and cars to clothing and food items, as many of these are imported. • The increased costs would disproportionately affect middle- and lower-income Americans, who spend a larger portion of their income on consumer goods. • Impact on U.S. Businesses: • Domestic Manufacturers: Some U.S. manufacturers could benefit from tariffs, especially in industries like steel, aluminum, and auto parts, where foreign competitors might become more expensive. These industries could see a price advantage, making their goods more competitive. • Businesses That Rely on Imports: Companies in sectors like retail, construction, and technology, which rely heavily on imported goods or raw materials, would face higher production costs. This could lead to price increases or squeezed margins, which might hurt profitability, especially if they can’t pass the cost to consumers. • Supply Chain Disruptions: Industries that rely on global supply chains could face disruptions, as the cost of parts, materials, and components would increase due to tariffs, potentially causing delays and higher production costs. • Impact on Trade Relationships: • The 10% tariff on all imports would likely prompt retaliatory tariffs from other countries, potentially leading to a trade war. Countries like China, the European Union, and Canada could impose tariffs on U.S. exports, which would hurt American farmers, manufacturers, and exporters, particularly in sectors like agriculture (soybeans, corn, pork) and automobiles. • Global Trade: A broader trade war could harm global trade flows, increase economic uncertainty, and disrupt international supply chains, potentially leading to higher global prices for goods. 3. Shifting the Tax Burden: • The overall effect of this plan is that the wealthiest Americans and corporations benefit from tax cuts, while the average consumer and lower-income families bear the brunt of the tariff-related price increases. This approach would shift the tax burden from the wealthy (who pay less in taxes due to the cuts) to the general public, who would pay higher prices due to the tariffs on imported goods. • In terms of economic inequality, the plan could exacerbate the gap, as the wealthy gain from the tax cuts while the working class faces higher costs for everyday items. This could increase financial strain on those least able to afford the rising costs. 4. Criticisms of the Plan: • Regressive Nature: Critics argue that the tariff-heavy strategy is regressive, meaning it disproportionately impacts lower-income Americans who spend more on imported goods and have less disposable income to absorb higher prices. • Long-Term Economic Growth: Some economists warn that such a policy could harm long-term economic growth, as higher tariffs could reduce consumer spending, increase inflation, and disrupt the global supply chain. • Alternative Funding: Opponents argue that there are better ways to fund tax cuts, such as closing tax loopholes, increasing taxes on the ultra-wealthy, or reforming corporate tax rates in a way that doesn’t harm consumers. 5. Potential Benefits for the Wealthy: For the wealthiest Americans and large corporations, the tax cuts (from the 2017 tax plan or expanded ones) would provide more disposable income and capital for investment. By cutting taxes, they would face a lower effective tax rate, enabling them to reinvest more of their income in their businesses or financial portfolios. This could potentially lead to more wealth accumulation for the richest individuals and companies. Conclusion: Trump’s plan to fund tax cuts for the rich through tariffs represents a shift of the tax burden from wealthy individuals and corporations to the general population, who would face higher prices due to the tariffs on imported goods. While some U.S. businesses might benefit, the broader impact could lead to economic instability, increased inequality, and potential trade tensions with other countries.
How do you think Canada or USA make the min payment or balance the budget or Recover the GST "free"? Tariffs is simply import tax. Higher import tax colleted by Government and do people expect the business to take it up the butt? Unless you are Justin Castro.
No more crazy numbers of immigrants, students, etc for the foreseeable future, rents are going down and will continue the trend. Given the outlook on inflation and the economy, interest rates will likely be up again in a year or two. Not to mention job losses. There is no option other than selling off all your investment property ASAP, and hope buyers are back by spring.
Disagree, he is not an unpredictable individual (see Jordan Peterson), he is an experienced and unpredictable negotiator. Do not forget that he is a brand with a large number of intelligent people in the wings trying to wean from a interlocked economy based on debt (like a stack of falling cards as Keith noted if the US becomes debt free).
People forget Donald Trump has a documented history of issues related to unpaid contractors, business bankruptcies, and tax controversies. Here’s an overview of each: 1. Not Paying Contractors Numerous reports and lawsuits indicate that Trump and his companies have a pattern of not fully paying contractors, subcontractors, and workers for services rendered. Investigations by USA Today and other outlets found hundreds of cases where small businesses, construction workers, and even law firms were left unpaid or underpaid after working on Trump Organization projects. Some businesses even went bankrupt as a result. 2. Filing for Bankruptcy Trump has never personally filed for bankruptcy, but his companies have filed for Chapter 11 bankruptcy protection six times. These include: • Trump Taj Mahal (1991) • Trump Plaza Hotel (1992) • Trump Castle (1992) • Trump Hotels and Casino Resorts (2004) • Trump Entertainment Resorts (2009) These bankruptcies allowed his businesses to restructure debts, often at the expense of creditors, investors, and workers. Trump has defended this practice as a strategic use of U.S. bankruptcy laws. 3. Not Paying Taxes Trump has long been secretive about his tax records. However, in 2020, The New York Times obtained tax returns showing that: • He paid only $750 in federal income taxes in both 2016 and 2017. • He paid no income taxes in 10 of the previous 15 years, largely due to reporting significant business losses. • He claimed large deductions, including questionable write-offs such as $70,000 for hairstyling. Trump has denied wrongdoing, arguing that he simply took advantage of legal tax loopholes. However, in 2022, the Trump Organization was convicted of tax fraud, and Trump himself faced scrutiny over questionable financial practices. Trump has a well-documented history of not paying contractors, strategically using bankruptcy laws to restructure business debts, and minimizing tax payments through aggressive deductions. These actions have been criticized by opponents as unethical while being defended by Trump as smart business tactics.
Why would anyone believe him? He has a history of not paying contractors, filing business bankruptcies, and minimizing tax payments. Reports show that his companies frequently failed to fully pay workers and small businesses. His businesses filed for Chapter 11 bankruptcy six times, allowing debt restructuring at the expense of creditors. Tax records revealed he paid only $750 in federal income taxes in 2016 and 2017 and avoided taxes in 10 of 15 previous years by reporting large losses. While critics see these actions as unethical, Trump has defended them as smart business strategies.
Trump is just insane. Everyday the date for the tariffs change, everyday the scope of the tariffs change, and everyday the reason for the tariffs change. I don't envy our government right now, not sure how to negotiate with such a schizophrenic president.
Trump is not crazy. Not by a long shot. He's brash, vulgar, unpredictable and, ultimately, cunning. Our government on the hand are not only incompetent, they've been working to destroy this country in every way possible since their election in 2015. As a quick example consider that they've doubled our debt in only 9 years and have absolutely nothing to show for it. Where did the money go?
People have already forgotten Donald Trump has a documented history of issues related to unpaid contractors, business bankruptcies, and tax controversies. Here’s an overview of each: 1. Not Paying Contractors Numerous reports and lawsuits indicate that Trump and his companies have a pattern of not fully paying contractors, subcontractors, and workers for services rendered. Investigations by USA Today and other outlets found hundreds of cases where small businesses, construction workers, and even law firms were left unpaid or underpaid after working on Trump Organization projects. Some businesses even went bankrupt as a result. 2. Filing for Bankruptcy Trump has never personally filed for bankruptcy, but his companies have filed for Chapter 11 bankruptcy protection six times. These include: • Trump Taj Mahal (1991) • Trump Plaza Hotel (1992) • Trump Castle (1992) • Trump Hotels and Casino Resorts (2004) • Trump Entertainment Resorts (2009) These bankruptcies allowed his businesses to restructure debts, often at the expense of creditors, investors, and workers. Trump has defended this practice as a strategic use of U.S. bankruptcy laws. 3. Not Paying Taxes Trump has long been secretive about his tax records. However, in 2020, The New York Times obtained tax returns showing that: • He paid only $750 in federal income taxes in both 2016 and 2017. • He paid no income taxes in 10 of the previous 15 years, largely due to reporting significant business losses. • He claimed large deductions, including questionable write-offs such as $70,000 for hairstyling. Trump has denied wrongdoing, arguing that he simply took advantage of legal tax loopholes. However, in 2022, the Trump Organization was convicted of tax fraud, and Trump himself faced scrutiny over questionable financial practices. Trump has a well-documented history of not paying contractors, strategically using bankruptcy laws to restructure business debts, and minimizing tax payments through aggressive deductions. These actions have been criticized by opponents as unethical while being defended by Trump as smart business tactics.
Dude is full of lies! He has a history of not paying contractors, filing business bankruptcies, and minimizing tax payments. Reports show that his companies frequently failed to fully pay workers and small businesses. His businesses filed for Chapter 11 bankruptcy six times, allowing debt restructuring at the expense of creditors. Tax records revealed he paid only $750 in federal income taxes in 2016 and 2017 and avoided taxes in 10 of 15 previous years by reporting large losses. While critics see these actions as unethical, Trump has defended them as smart business strategies.
He has a history of not paying contractors, filing business bankruptcies, and minimizing tax payments. Reports show that his companies frequently failed to fully pay workers and small businesses. His businesses filed for Chapter 11 bankruptcy six times, allowing debt restructuring at the expense of creditors. Tax records revealed he paid only $750 in federal income taxes in 2016 and 2017 and avoided taxes in 10 of 15 previous years by reporting large losses. While critics see these actions as unethical, Trump has defended them as smart business strategies.
TARIFFS are the business model! With 25% to 100% tariff threats, Trump is unilaterally pulling our of globalization and signalling that the free trade era is over. And with it, the income tax fueled "BIG GOVERNMENT" visions of Mark Carney and JT are also on the way out. Fighting tariffs is the wrong mindset ... TARIFFS are the new new business model and Canada's business model of selling cheap oil always was a weak, foreign-driven policy.
I am sure Europe will be happy to take our clean, tarsands oil instead. We will show those Americans! 😉 joking aside, as an Albertan living by the border, these coming days will be interesting.
I am now a Trump supporter I proposed a 7% GST to cut government debt. This is a stealth way of taxing the poor to make the rich wealthier. Now Canada can put tariffs on all US imports as a stealth tax without having to raise the GST! Now there’s a 5% GST and a 10% tariff on all imported goods. Hope tax cuts are coming! Donald has proposed a 10% across-the-board tariff on all imports, which would function as a tax on imported goods. At the same time, he has also suggested tax cuts that would primarily benefit the wealthy and corporations. How the 10% Tariff Works • A 10% tariff on all imports means that businesses and consumers would pay higher prices on everything from electronics to cars and clothing. • The cost is passed to consumers, functioning like a sales tax on imported goods. • Some domestic industries may benefit (e.g., steel, auto manufacturing), but others may suffer if they rely on imported materials. How It Relates to Tax Cuts for the Rich • Trump has floated extending or expanding the 2017 tax cuts, which significantly benefited high-income earners and corporations. • A 10% tariff could help offset government revenue losses from these tax cuts. • However, this would effectively shift the tax burden to middle- and lower-income consumers, who spend a larger share of their income on imported goods. Who Benefits? Who Pays? Winners: • Wealthy individuals and corporations (from lower income & corporate taxes). • Some U.S. manufacturers (if tariffs make their goods more competitive). Losers: • Middle- and lower-income Americans (due to higher prices on everyday goods). • U.S. businesses that rely on imported materials (e.g., construction, auto, retail). • Farmers and exporters (if countries retaliate with tariffs on U.S. goods). Bottom Line Donald’s tariff + tax cut strategy effectively shifts costs from the rich to consumers. It could increase prices for everyday Americans while benefiting the wealthy through tax breaks.
"Official" the new ranking of Canadian Real Estate Podcasts (Feb1, 2025): 1) TTSS 2) Darry(the assembly king) Frankfort Report 3) Steve Karrasch Show 4) Jay Coupar 5) CRES 6) Tom Storey 7) Steve Saretsky Show . .. . 69) CRES clips channel 70) Jon Flynn anything . . . 1798) Market Mania *NOTE: market mania shouldn't be ranked, as only the top 100 earn a spot in the "Official Top 100" List. But Market Mania is mentioned because of demand from his haters.
Hopefully some panic extreme rate cuts, money printing, further de-dollarization through inflation of assets and then an even stronger divide within our two tiered society.
What does the crashing Canadian Dollar mean for Real Estate prices? Will they let Foreign Investment comeback... How else can they save the economy.... Need investment from somewhere
The tariffs imposed by US is paid by americans not canadians ..canadians only pay more on tariffs that canada imposes in retaliation..canada cant put tariff on US food stuffs that would impact consumers
That is laughable. It is paid by Canadians in the form of lost jobs. The US buyer will quickly find other sources that are cheaper. They are not stupid to pay 25% more for Canadian products. Some companies will close here and move south of the border
@m.b5777 25% of 69 cents. That's nothing as we send them the best of our products. And get to keep the scraps. But to put tariffs on the us dollar. Our companies would not be able to pay. 25% of USD with 69 cents. Keep laughing till it happens.
Saying that Trump is unpredictable is like saying a viper is unpredictable. He's predictably chaotic. He attacks his friends and worships his enemies. No good can come of this until Americans realize his chaos is too expensive.
My area vaughan houses are not going down 3 homes just sold for 1.6 m and thats a good price And i m askimg people who are looking to rents and they are saying rents are not down at least not down where you landlords freaking out These numbers i do not see. Word on the street rents still high and good homes still sellimg.
Buy land my friends, the golden age is coming US economy will shrink so much with a Conservative government here that will open the taps we'll grow so much while the US economy will shrink to levels never seen since the civil war 😂
Lol. Im no fan of JT, but throwing your own political bias into an objective analysis is just classless and amateur. Jesus Steve. This is a new low for you.
I didn't hear everyone panicking when the 20% carbon tax increase was coming April 1st but 25% tariff that will go away if we secure our borders, PANIC...lol.
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 stock recommendation on great performing stocks will be appreciated!!
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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.
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No to crypto pixie dust. The bitcon rug pull will be epic. China is buying physical gold NOT bitcoin. Gold just hit $4090 Canadian dollars on Friday. Zero third part risk. Bitcoin can and will be hacked and will go to zero and…….it has zero intrinsic value. If u don’t hold it u don’t own it.
Have you heard about the recent tariffs imposed on Canadian imports by the U.S.? They’re set to take effect soon, and many are concerned about how this will impact the Canadian economy, especially the real estate market.
Yes, it’s quite alarming. A 25% tariff on Canadian goods could lead to higher construction costs, which might make housing prices rise. This could price out many potential buyers and slow down the market.
Given these uncertainties, it’s more important than ever to have a financial advisor who understands the intricacies of the market. I’ve been working with Thomas F. Chrysler, and his insights have been invaluable.
Thomas specializes in risk management and tailors strategies to protect investments. When I was considering purchasing property in California, he advised against it due to potential wildfire risks. His foresight saved me from a significant loss.
There is hope “CARNEY” the man has a brain he will realign and rearrange with other countries until this idiot American president passes but will be damaging long term for America which is self inflicted!
Your comment on “stagnation” great comment but you don’t know, I don’t know, no one knows right. That’s what it shows us today so it’s easy to say yeah stagnated prices but you can’t say it’s going to be like the 90s and be a ten year thing . No one knows bro. Pierre could drop taxes and get a bunch of solid business people moving to Canada and investing and that will shoot the price up again. No one knows what’s going to happen next. I doubt it’s stagnated prices for 10 years that seems like very low chance .
Typical Steve - calling out JT and advancing conservative agenda. Steve is biased.. Ford said this morning that we are united and we have a government. Steve - end the conservative banter. Youll lose fans if you pick sides. JT has full support of the entire country and soon carney/Freeland will get support.
😂😅 jt has the full support of the entire country? Have you looked at the polls? You are delusional with a room temperature iq. The exact kind of people who got us into this mess.
The worst Globally ghg emissions footprint of Alberta Oil.... EMITTING the equivalent if 1 Barrel in ghg emissions merely to "produce" a lousey 2-1/2 Barrels of Alberta's synthetic "Oil" (Worst Global emissions) is NOT in anyones best interest into Climate Change. Vancouver Real Estate is headed far lower over time in my view, the lower valuations manifesting under a resurgent cpi inflation metric where everything else costs far more 'relative' to the stagnant Real Estate.
Hi Steve, Kelowna market has seen 30% up in transactions over the last 3 months. Pretty noticable change. I feel that the bottom market is over. Inventory is down. Expect lots of listings but not as many as last year.
Ha nope I’ve been watching Kelowna and some homes are listed below their 2021 prices. The rents are declining and with Airbnb owners now facing reality more inventory is coming. Salaries don’t support the home valuations in Kelowna and there is easily another 20-30% downside
Lol no. I'm here as well. Cranes in the sky everywhere. Massive building to come to market and unemployment rising fast here. Businesses closing doors frequently.
Yeah, people always forget to mention the second half. Same with Fraser valley. Sales up 30% in Nov-Dec, BUT median price down 18%. If you look hard enough you can find some prw covid prices listing. Basically many sellers caved or have to accept reality.
You are not listening to economists in Trump's orbit. The tariffs are permanent. The US wants to reshore its manufacturing base. You don't achieve that goal with a "temporary" tariff. It is not a given that interest rates will fall with the drop off of economic activity. It is entirely likely, that inflation will rise and economic activities falls - stagflation. This environment is incredibly bearish for housing...
Exactly. They use a humanitarian reason like "fentanyl" but the real reason is bringing jobs and industry back to the US. You have to give companies a long term reason to do that. It is putting America first in the long run. Should not be a surprise to anyone who has been paying attention.
Last time this happened early 2000s not necessarily Tarriff related but our dollar sunk to $.60 Canada back lost over half of our manufacturing to China in four years and we never got our markets and or manufacturing back and maybe this is a chance to restructure and get our independence back
I think you are right but with the kind of "leadership" we have it's unlikely that we will recover anytime soon@IndyBal-c7d
Well, I’ve already had clients call me cutting back budgets over tariffs and we’re in marketing so… trickle down…..
It’s not permanent, our economies are dependent on each other and it would be a net loss for both countries so Trump is looking to get a very favourable deal on his side. Dick move but he thinks he has the perfect hand which he doesn’t.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Lisa Mary Walsh.
I'm surprised that you just mentioned and recommended Mary Walsh, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Mary Walsh too? Wow that woman has been a blessing to me and my family.
Hey mate where do I sign up or reach out to her services, l've lost so much money on my own
How can I communicate with her
Fear stops all markets.
That about sums it up.
Considering the amount of people with "the money printer will bail me out attitude", what fear?
@@donm2067 it's a joke, right? I'm positioned very well to benefit from helicopter money paid out in the CDN peso. All asset prices will skyrocket. Boom in June is 100% on now!!
@@DummMoney-rr1fi I will be ordering all new camping gear with my free money.
This summer is going to be awesome, with a little luck, I'll get laid off and jobs will be hard to get so I can just hang out at the beach with my kids.
The government can keep sending me cheques all the way through hunting season. Noslers aren't cheap my friend.
@@DummMoney-rr1fi
I don't know man.
I just listened to Doug Ford live on CTV.
I'm retired with few bills and I'm scared. Lol
Interesting how the market showed clear top with overbidding, emotional euphoria (can't lose), airbnb professionals but people are only realizing now and pointing to immigration halt, airbnb halt and now tarrifs. The economy was already cooked. The path down was baked in 3 years ago.
You been saying the exact thing ever single year for a decade now just like Bill Ferguson
I think it's a fools errand for people to think low rates will kick the market higher again, we simply have no more upside left in housing. Stagnation is the best possible scenario now, and even that outcome I doubt will come to pass. People are going to have to accept the new reality. If we get a wave of unemployment due to tarrifs, how can these high prices be sustained?
A lot of newcomers to the market only ever experienced the Covid cuts during a booming economy. They dont understand that historically each time the BoC cuts rates at their meetings, it indicates a poor Canadian economy. What housing bulls should be hoping for is a halt in rates for a prolonged period, which would indicate that our economy is healing and supply and demand is in balance again. These folks thinking rate cuts thinking it means rocket fuel for housing are sorely misguided.
It's magic what happens when. Your local currency drops 10% one year and another 10% the next. Same price tag = on sale to foreigners. Canadian home prices are not likely to drop on price nominally, but in real terms definitely yes
#1) auto sector was leaving southern Ontario regardless
#2) Timber industry in BC just had a meeting in PG saying theyre having a hard time sourcing good cut blocks
#3) money printer go brrrrr
Nope crash must happen first.
Don't forget that the Canadian government has blocked or interfered in every proposal oil and gas export pipelines over to the last 10 years. This is self inflicted pain.
The Boom in June
Liberals happy to see tariffs..they had 2 months to meet their border demands..libs want to fight election on trump
@@mathewdesbiens7888exactly
Canadian housing Ballon is going to pop.😮
How
@@Kyt_01234 right? Markets ONLY ever go UP forever! 🙊
@@justadildeau they have been trending down for 2y. I just wanna know why a person is saying xyz when they make the claim
@Kyt_01234 that's fair. Does everyone need to have citations for everything they say tho?
@justadildeau if you yank my crank it will make you rich. Why are you doubting me, sir?
Trump might just help us solve all the major problems that hold us back:
high real estate prices
inter provincial barriers
EV delusions
currency collapse
fentanyl
Don't forget incompetent politicians
@@donm2067 that's the best comment of the year. Something we are in agreement with
And forcing to build pipelines to water.
Add to your list:
Lower interest rates
Carbon tax extinction
Woke nonsense pushback
add: CCP infiltration/ foreign interference
Rates go down= inflation = good for gold. Rates go up = collapsing economy= good for gold. Gold $4060 Canadian. Add a couple zeros as fiat currencies continue to be exposed, including the USA dollar.
I would actually say a lot of it is predictable with Trump. It's crazy but I think because we are so used to politicians not doing what they say, this is a shock.
Our politicians are dumb and selfish. They are looking only after themselves using our hard earned money
All a smoke screen to add taxes to the poor so the rich get more tax cuts
Apart from the economic consequences of tariffs, there the emotional impacts of fear that makes people freeze and halt spending…Hence impacting real estate prices
When a realtor talks economics
😂😂😂😂
Hey there now. Real estate only goes up. Just listen to Steve and buy from him. Its always a good time to buy 🤣
you have absolutely no clue what you are talking about, hopefully someone else is managing your money (like an etf or mutual fund)
Trudeau was the worst Prime Minister in Canadian history, and it looks like his replacement won't be much better. The tariff issue is a secondary issue, not the primary one.
Thanks for the update
When you miss your train stop, the best thing to do is get off at the very next station…
Hi mate so excited today just reached my goal of 400k since June2024 to Jan 2025 l thank GOD for the life and wisdom shared.
Rents are skyrocketing in the Montréal region. The Quebec ''Régie du logement'' will even authorize a 5.9% rent raise for 2025 which which could go up to around 10% if any justifications are provided like some work done on the building.
I heard. It’s unbelievable 😢.
We have a lot of people who have never practiced de risking
Question? How long does it take before the tariffs start affecting the Canadian economy?
Apparently right away. The dollar dropped and businesses are already making moves to account for tariffs
im sure we will know more by monday night after the news really bites onto it.
It's already affecting. Just the threat of tariffs is damaging the Canadian economy. No company is going to invest in Canada with this type of uncertainty
The effect starts right away bud
Canada 51 🇺🇸. Only way tariffs are coming down. Just the truth.
Good analysis Steve, given the number of unknowns going forward.
If the housing bubble in B.C. and Toronto bursts, it could be good in the longer term.
This won't age well. As rates skyrocket.
rates will be zero in a few months, and prices there will be multiple offers in June
lol, rates will fall to close zero. Prices will skyrocket above 2022 highs with multiple offers in most deadbeat areas 😏
Great analysis as usual, Steve. One question: What do you mean by "de-risk" and "having liquidity"? Thanks
See what Ravi and his extended family are up to in a Victoria Neighbourhood? Conflict of interest? At the least, profiteering from the new rules. Way to go Ravi!!!
'A diabolical-looking build': Proposed triplex has Oak Bay residents up in arms
Concerns about a proposed triplex drew a crowd to Oak Bay's council chambers Monday night (Jan. 27).
Following more than two hours of discussion, council rejected staff's recommendation and voted to deny a developer's request to replace a single-family home on St. Patrick Street with a three-story triplex. Kahlon Developments was told to return to council with a new application that meets Oak Bay's current residential building regulations.
The variance application sought to increase the residential building height to 9.31 metres from the 8.5 metres allowed and halve its three-metre interior side-lot-line setback regulations - the distance between the building and the property's edge.
I'm shocked!
With escalating tariffs, I would not want to be an American with real estate in Canada.
In the short-term bond yields are coming down. As the dollar declined, and the government prints to keep afloat, these yields will skyrocket. Prepare for hyperinflation...
This is not a stagnation market. Is a down market with everything, including less immigrants pushing prices down hard. There are no reason prices in Canada were so high and Canadians will once understand there’s a risk involved in real estate they never had to worry about before
People house is the best investment, money doesn’t belong to people
This will be the only year of stagnation. Next year, prices will FALL.
Thanks
This is actually a great idea!I proposed a 7% GST to cut government debt. This is a stealth way of taxing the poor to get more tax money.
Trump’s proposal to use tariffs as a mechanism to fund tax cuts for the wealthy is based on a strategy that aims to balance the loss of government revenue from tax reductions, particularly those benefiting high-income earners and corporations. Here’s how the plan works and the implications it has for different groups:
1. The Plan:
• 10% Tariff on All Imports: Trump has suggested a universal 10% tariff on all imports, which would apply to a wide array of consumer goods, raw materials, and intermediate products that businesses use. The idea is to increase government revenue by taxing foreign-made goods that are sold in the U.S.
• Tax Cuts for the Rich: Concurrently, Trump has proposed extending or expanding the 2017 tax cuts. These cuts primarily benefited high-income earners, reducing corporate tax rates and lowering personal income taxes for the wealthiest individuals. For example, the corporate tax rate was slashed from 35% to 21%, and the top individual tax rate was reduced from 39.6% to 37%.
• Revenue Offset: The idea is that the tariffs will generate additional government revenue, which can help offset the lost revenue from these tax cuts. In other words, the revenue from the 10% tariff could make up for the reduced tax collections from high earners and large corporations.
2. Economic Implications:
• Impact on Consumers:
• The 10% tariff would likely result in higher prices for consumers since most imported goods would become more expensive. This includes everything from electronics and cars to clothing and food items, as many of these are imported.
• The increased costs would disproportionately affect middle- and lower-income Americans, who spend a larger portion of their income on consumer goods.
• Impact on U.S. Businesses:
• Domestic Manufacturers: Some U.S. manufacturers could benefit from tariffs, especially in industries like steel, aluminum, and auto parts, where foreign competitors might become more expensive. These industries could see a price advantage, making their goods more competitive.
• Businesses That Rely on Imports: Companies in sectors like retail, construction, and technology, which rely heavily on imported goods or raw materials, would face higher production costs. This could lead to price increases or squeezed margins, which might hurt profitability, especially if they can’t pass the cost to consumers.
• Supply Chain Disruptions: Industries that rely on global supply chains could face disruptions, as the cost of parts, materials, and components would increase due to tariffs, potentially causing delays and higher production costs.
• Impact on Trade Relationships:
• The 10% tariff on all imports would likely prompt retaliatory tariffs from other countries, potentially leading to a trade war. Countries like China, the European Union, and Canada could impose tariffs on U.S. exports, which would hurt American farmers, manufacturers, and exporters, particularly in sectors like agriculture (soybeans, corn, pork) and automobiles.
• Global Trade: A broader trade war could harm global trade flows, increase economic uncertainty, and disrupt international supply chains, potentially leading to higher global prices for goods.
3. Shifting the Tax Burden:
• The overall effect of this plan is that the wealthiest Americans and corporations benefit from tax cuts, while the average consumer and lower-income families bear the brunt of the tariff-related price increases. This approach would shift the tax burden from the wealthy (who pay less in taxes due to the cuts) to the general public, who would pay higher prices due to the tariffs on imported goods.
• In terms of economic inequality, the plan could exacerbate the gap, as the wealthy gain from the tax cuts while the working class faces higher costs for everyday items. This could increase financial strain on those least able to afford the rising costs.
4. Criticisms of the Plan:
• Regressive Nature: Critics argue that the tariff-heavy strategy is regressive, meaning it disproportionately impacts lower-income Americans who spend more on imported goods and have less disposable income to absorb higher prices.
• Long-Term Economic Growth: Some economists warn that such a policy could harm long-term economic growth, as higher tariffs could reduce consumer spending, increase inflation, and disrupt the global supply chain.
• Alternative Funding: Opponents argue that there are better ways to fund tax cuts, such as closing tax loopholes, increasing taxes on the ultra-wealthy, or reforming corporate tax rates in a way that doesn’t harm consumers.
5. Potential Benefits for the Wealthy:
For the wealthiest Americans and large corporations, the tax cuts (from the 2017 tax plan or expanded ones) would provide more disposable income and capital for investment. By cutting taxes, they would face a lower effective tax rate, enabling them to reinvest more of their income in their businesses or financial portfolios. This could potentially lead to more wealth accumulation for the richest individuals and companies.
Conclusion:
Trump’s plan to fund tax cuts for the rich through tariffs represents a shift of the tax burden from wealthy individuals and corporations to the general population, who would face higher prices due to the tariffs on imported goods. While some U.S. businesses might benefit, the broader impact could lead to economic instability, increased inequality, and potential trade tensions with other countries.
How do you think Canada or USA make the min payment or balance the budget or Recover the GST "free"? Tariffs is simply import tax. Higher import tax colleted by Government and do people expect the business to take it up the butt? Unless you are Justin Castro.
Bingo! Tariffs = more taxes
No more crazy numbers of immigrants, students, etc for the foreseeable future, rents are going down and will continue the trend. Given the outlook on inflation and the economy, interest rates will likely be up again in a year or two. Not to mention job losses. There is no option other than selling off all your investment property ASAP, and hope buyers are back by spring.
dumbest take ever.... real estate is not a day trading tool
The destruction of the Canadian economy is important, but what is happening with Taylor Swift and the Super Bowl game is equally important.
The tariff doesn't include oil and gas.
Our dollar is 69 cents. They would still buy our premo stuff at par almost. But us adding tariffs. We'll we would only screw ourselves by that fight.
no it's not, it's now 68c
@DummMoney-rr1fi Wow I checked this morning. Going down fast already. That makes the Tariff cheaper
@DummMoney-rr1fi just checked US is 1.45 now
Disagree, he is not an unpredictable individual (see Jordan Peterson), he is an experienced and unpredictable negotiator. Do not forget that he is a brand with a large number of intelligent people in the wings trying to wean from a interlocked economy based on debt (like a stack of falling cards as Keith noted if the US becomes debt free).
It didn’t work for TRump as a buisness man and it wont work for him as president.
People forget Donald Trump has a documented history of issues related to unpaid contractors, business bankruptcies, and tax controversies. Here’s an overview of each:
1. Not Paying Contractors
Numerous reports and lawsuits indicate that Trump and his companies have a pattern of not fully paying contractors, subcontractors, and workers for services rendered. Investigations by USA Today and other outlets found hundreds of cases where small businesses, construction workers, and even law firms were left unpaid or underpaid after working on Trump Organization projects. Some businesses even went bankrupt as a result.
2. Filing for Bankruptcy
Trump has never personally filed for bankruptcy, but his companies have filed for Chapter 11 bankruptcy protection six times. These include:
• Trump Taj Mahal (1991)
• Trump Plaza Hotel (1992)
• Trump Castle (1992)
• Trump Hotels and Casino Resorts (2004)
• Trump Entertainment Resorts (2009)
These bankruptcies allowed his businesses to restructure debts, often at the expense of creditors, investors, and workers. Trump has defended this practice as a strategic use of U.S. bankruptcy laws.
3. Not Paying Taxes
Trump has long been secretive about his tax records. However, in 2020, The New York Times obtained tax returns showing that:
• He paid only $750 in federal income taxes in both 2016 and 2017.
• He paid no income taxes in 10 of the previous 15 years, largely due to reporting significant business losses.
• He claimed large deductions, including questionable write-offs such as $70,000 for hairstyling.
Trump has denied wrongdoing, arguing that he simply took advantage of legal tax loopholes. However, in 2022, the Trump Organization was convicted of tax fraud, and Trump himself faced scrutiny over questionable financial practices.
Trump has a well-documented history of not paying contractors, strategically using bankruptcy laws to restructure business debts, and minimizing tax payments through aggressive deductions. These actions have been criticized by opponents as unethical while being defended by Trump as smart business tactics.
Why would anyone believe him? He has a history of not paying contractors, filing business bankruptcies, and minimizing tax payments. Reports show that his companies frequently failed to fully pay workers and small businesses. His businesses filed for Chapter 11 bankruptcy six times, allowing debt restructuring at the expense of creditors. Tax records revealed he paid only $750 in federal income taxes in 2016 and 2017 and avoided taxes in 10 of 15 previous years by reporting large losses. While critics see these actions as unethical, Trump has defended them as smart business strategies.
Tax grab on the poor to fund tax cuts for the rich
Tariffs will increase the cost of building new homes which will result in less housing supply as developers will be hesitant to build.
Tariffs will only make people more poor, tax cuts are coming for the rich
No news yet as of noon EST
What news you need its already done deal its in effect at today
@citizenm9590 Canada' response if any...
Time for the housing crash.
Bill Ferguson been saying that every year since 2016.
Housing don't go down until the overleveraged hoarders are allowed to fail.
Majority of housing is in the hands of boomers bought over 20 years ago when homes were cheap
@Observer168 And those boomers can easily sell and cash out, convert to USD and live happily ever after.
Trump is just insane. Everyday the date for the tariffs change, everyday the scope of the tariffs change, and everyday the reason for the tariffs change. I don't envy our government right now, not sure how to negotiate with such a schizophrenic president.
start by not talking shit about the other side you are negotiating with lol
He is a master negotiator. Even Justin Trudeau admitted it
Trump is not crazy. Not by a long shot. He's brash, vulgar, unpredictable and, ultimately, cunning. Our government on the hand are not only incompetent, they've been working to destroy this country in every way possible since their election in 2015. As a quick example consider that they've doubled our debt in only 9 years and have absolutely nothing to show for it. Where did the money go?
People have already forgotten Donald Trump has a documented history of issues related to unpaid contractors, business bankruptcies, and tax controversies. Here’s an overview of each:
1. Not Paying Contractors
Numerous reports and lawsuits indicate that Trump and his companies have a pattern of not fully paying contractors, subcontractors, and workers for services rendered. Investigations by USA Today and other outlets found hundreds of cases where small businesses, construction workers, and even law firms were left unpaid or underpaid after working on Trump Organization projects. Some businesses even went bankrupt as a result.
2. Filing for Bankruptcy
Trump has never personally filed for bankruptcy, but his companies have filed for Chapter 11 bankruptcy protection six times. These include:
• Trump Taj Mahal (1991)
• Trump Plaza Hotel (1992)
• Trump Castle (1992)
• Trump Hotels and Casino Resorts (2004)
• Trump Entertainment Resorts (2009)
These bankruptcies allowed his businesses to restructure debts, often at the expense of creditors, investors, and workers. Trump has defended this practice as a strategic use of U.S. bankruptcy laws.
3. Not Paying Taxes
Trump has long been secretive about his tax records. However, in 2020, The New York Times obtained tax returns showing that:
• He paid only $750 in federal income taxes in both 2016 and 2017.
• He paid no income taxes in 10 of the previous 15 years, largely due to reporting significant business losses.
• He claimed large deductions, including questionable write-offs such as $70,000 for hairstyling.
Trump has denied wrongdoing, arguing that he simply took advantage of legal tax loopholes. However, in 2022, the Trump Organization was convicted of tax fraud, and Trump himself faced scrutiny over questionable financial practices.
Trump has a well-documented history of not paying contractors, strategically using bankruptcy laws to restructure business debts, and minimizing tax payments through aggressive deductions. These actions have been criticized by opponents as unethical while being defended by Trump as smart business tactics.
Dude is full of lies! He has a history of not paying contractors, filing business bankruptcies, and minimizing tax payments. Reports show that his companies frequently failed to fully pay workers and small businesses. His businesses filed for Chapter 11 bankruptcy six times, allowing debt restructuring at the expense of creditors. Tax records revealed he paid only $750 in federal income taxes in 2016 and 2017 and avoided taxes in 10 of 15 previous years by reporting large losses. While critics see these actions as unethical, Trump has defended them as smart business strategies.
Maybe he wont put tariffs and its all a bluff?
Its done deal
He has a history of not paying contractors, filing business bankruptcies, and minimizing tax payments. Reports show that his companies frequently failed to fully pay workers and small businesses. His businesses filed for Chapter 11 bankruptcy six times, allowing debt restructuring at the expense of creditors. Tax records revealed he paid only $750 in federal income taxes in 2016 and 2017 and avoided taxes in 10 of 15 previous years by reporting large losses. While critics see these actions as unethical, Trump has defended them as smart business strategies.
Load up the trains. Export from a northern pacific port as Vancouver has too many lives at risk. Go
TARIFFS are the business model! With 25% to 100% tariff threats, Trump is unilaterally pulling our of globalization and signalling that the free trade era is over. And with it, the income tax fueled "BIG GOVERNMENT" visions of Mark Carney and JT are also on the way out. Fighting tariffs is the wrong mindset ... TARIFFS are the new new business model and Canada's business model of selling cheap oil always was a weak, foreign-driven policy.
I agree.
We need to build pipelines within our own borders east and west.
Also build our own refineries.
@Stormshfter Yes, but it's too late. By the time they are built the damage will already be done.
@@Jo-mf2vu too late to help today.
But not too late to secure our future.
Just another tax grab on the poor
I am sure Europe will be happy to take our clean, tarsands oil instead. We will show those Americans! 😉 joking aside, as an Albertan living by the border, these coming days will be interesting.
watch how Alberta will join the U.S lol
If people thought like Kieth, WWI would have never happened - unfortunately he is an outlier and we are well ....
How much money did Steves friend on the loonie hour lose betting that rates were going up, which is what the guy keeps on saying.... lol
I am now a Trump supporter I proposed a 7% GST to cut government debt. This is a stealth way of taxing the poor to make the rich wealthier. Now Canada can put tariffs on all US imports as a stealth tax without having to raise the GST! Now there’s a 5% GST and a 10% tariff on all imported goods. Hope tax cuts are coming!
Donald has proposed a 10% across-the-board tariff on all imports, which would function as a tax on imported goods. At the same time, he has also suggested tax cuts that would primarily benefit the wealthy and corporations.
How the 10% Tariff Works
• A 10% tariff on all imports means that businesses and consumers would pay higher prices on everything from electronics to cars and clothing.
• The cost is passed to consumers, functioning like a sales tax on imported goods.
• Some domestic industries may benefit (e.g., steel, auto manufacturing), but others may suffer if they rely on imported materials.
How It Relates to Tax Cuts for the Rich
• Trump has floated extending or expanding the 2017 tax cuts, which significantly benefited high-income earners and corporations.
• A 10% tariff could help offset government revenue losses from these tax cuts.
• However, this would effectively shift the tax burden to middle- and lower-income consumers, who spend a larger share of their income on imported goods.
Who Benefits? Who Pays?
Winners:
• Wealthy individuals and corporations (from lower income & corporate taxes).
• Some U.S. manufacturers (if tariffs make their goods more competitive).
Losers:
• Middle- and lower-income Americans (due to higher prices on everyday goods).
• U.S. businesses that rely on imported materials (e.g., construction, auto, retail).
• Farmers and exporters (if countries retaliate with tariffs on U.S. goods).
Bottom Line
Donald’s tariff + tax cut strategy effectively shifts costs from the rich to consumers. It could increase prices for everyday Americans while benefiting the wealthy through tax breaks.
Just cancel all F35 orders.
"Official"
the new ranking of Canadian Real Estate Podcasts (Feb1, 2025):
1) TTSS
2) Darry(the assembly king) Frankfort Report
3) Steve Karrasch Show
4) Jay Coupar
5) CRES
6) Tom Storey
7) Steve Saretsky Show
.
..
.
69) CRES clips channel
70) Jon Flynn anything
.
.
.
1798) Market Mania
*NOTE: market mania shouldn't be ranked, as only the top 100 earn a spot in the "Official Top 100" List. But Market Mania is mentioned because of demand from his haters.
No videos on the govt deferring the capital gains tax hike to next year? Hmm.......
Who cares the liberals wont be in power so its irrelevant
Our only hope is that they let us become a 51st state
they'll make us like puerto rico, but perhaps its better than what we are now
Hopefully some panic extreme rate cuts, money printing, further de-dollarization through inflation of assets and then an even stronger divide within our two tiered society.
I detect a note of sarcasm.
more crime and fear as you sleep in your asset at night oh lol so pathetic
What does the crashing Canadian Dollar mean for Real Estate prices? Will they let Foreign Investment comeback... How else can they save the economy.... Need investment from somewhere
They're already talking about turning the money printers on.... adding fuel to the dumpster fire
Yes I am a very smart investor and I can't wait to invest for some strange reason lol
Investors are currently leaving Canada. Only those doing money laundering are attracted to Canada
Lord Jesus Christ bless and protect Canada
Canada 51 🇺🇸
Better chance of hell freezing over. We’ll take Alaska instead :$
The tariffs imposed by US is paid by americans not canadians ..canadians only pay more on tariffs that canada imposes in retaliation..canada cant put tariff on US food stuffs that would impact consumers
100%
That is laughable. It is paid by Canadians in the form of lost jobs. The US buyer will quickly find other sources that are cheaper. They are not stupid to pay 25% more for Canadian products. Some companies will close here and move south of the border
@m.b5777 25% of 69 cents. That's nothing as we send them the best of our products. And get to keep the scraps. But to put tariffs on the us dollar. Our companies would not be able to pay. 25% of USD with 69 cents. Keep laughing till it happens.
@m.b5777 That's like saying if our dollar was worth 80 cents we would collapse.
@@Stevareno9 Mexican peso is lower than Canadian dollar. Tariffs will affect them even more.
Land-price crash incoming.
Saying that Trump is unpredictable is like saying a viper is unpredictable. He's predictably chaotic. He attacks his friends and worships his enemies. No good can come of this until Americans realize his chaos is too expensive.
That just made no sense at all..lol
All questions. Seriously - just click and hear someone ask questions. No one knows. End of podcast.
My area vaughan houses are not going down 3 homes just sold for 1.6 m and thats a good price
And i m askimg people who are looking to rents and they are saying rents are not down at least not down where you landlords freaking out
These numbers i do not see. Word on the street rents still high and good homes still sellimg.
Buy land my friends, the golden age is coming US economy will shrink so much with a Conservative government here that will open the taps we'll grow so much while the US economy will shrink to levels never seen since the civil war 😂
It's the.
Company's importing into the united states that pay the twenty five percent tax not canadians
You think companies will absorb those costs? Lol
The Canadian company will have to reduce the price on it’s Canadian products by 15-25% to stay competitive in the US marketplace
@@justadildeauyes or the US customer won’t buy
@@foralex100 that only takes into account one side of the equation
@@justadildeau the other side is a US customer who can buy from a local US manufacturer for the same or lower price than a Canadian product
Lol. Im no fan of JT, but throwing your own political bias into an objective analysis is just classless and amateur.
Jesus Steve. This is a new low for you.
I didn't hear everyone panicking when the 20% carbon tax increase was coming April 1st but 25% tariff that will go away if we secure our borders, PANIC...lol.
@rdefacendis said it best. The tariffs are permanent because you can't rebuild a manufacturing industry with temporary tariffs.
@truerthanyouknow9456 He doesn't care about that with us. He cares about the border. He cares about Mexico because of cheap labor plus the border.
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 stock recommendation on great performing stocks 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.
look up her name on the web for her website.
Keep your cash for needs, put some in bitcoin, and the rest in VFV.
The other way around more in bitcoin and less vfv
No to crypto pixie dust. The bitcon rug pull will be epic. China is buying physical gold NOT bitcoin. Gold just hit $4090 Canadian dollars on Friday. Zero third part risk. Bitcoin can and will be hacked and will go to zero and…….it has zero intrinsic value. If u don’t hold it u don’t own it.
Absolutely lol
Have you heard about the recent tariffs imposed on Canadian imports by the U.S.? They’re set to take effect soon, and many are concerned about how this will impact the Canadian economy, especially the real estate market.
Yes, it’s quite alarming. A 25% tariff on Canadian goods could lead to higher construction costs, which might make housing prices rise. This could price out many potential buyers and slow down the market.
Exactly. The Canadian Home Builders’ Association has expressed concerns that such tariffs could be detrimental to the housing sector.
Given these uncertainties, it’s more important than ever to have a financial advisor who understands the intricacies of the market. I’ve been working with Thomas F. Chrysler, and his insights have been invaluable.
Really? How has he helped you?
Thomas specializes in risk management and tailors strategies to protect investments. When I was considering purchasing property in California, he advised against it due to potential wildfire risks. His foresight saved me from a significant loss.
There is hope “CARNEY” the man has a brain he will realign and rearrange with other countries until this idiot American president passes but will be damaging long term for America which is self inflicted!
Ha ha ha ha ha ha ha ha ha, ask England about Carnage Carney.
You mean Carbon Tax Carney?? WEF Minion like Trudeau to run this country?
Your comment on “stagnation” great comment but you don’t know, I don’t know, no one knows right. That’s what it shows us today so it’s easy to say yeah stagnated prices but you can’t say it’s going to be like the 90s and be a ten year thing . No one knows bro. Pierre could drop taxes and get a bunch of solid business people moving to Canada and investing and that will shoot the price up again. No one knows what’s going to happen next. I doubt it’s stagnated prices for 10 years that seems like very low chance .
Pierre has been elected?
@ when he gets elected
Steve panic/anxiety Saretsky
Yes, the world will actually end this time
Bill Ferguson saying that since 2016
Typical Steve - calling out JT and advancing conservative agenda. Steve is biased..
Ford said this morning that we are united and we have a government.
Steve - end the conservative banter. Youll lose fans if you pick sides.
JT has full support of the entire country and soon carney/Freeland will get support.
😂😅 jt has the full support of the entire country?
Have you looked at the polls?
You are delusional with a room temperature iq. The exact kind of people who got us into this mess.
You are delusional.
No. You are entirely wrong. Go away now.
@@Tommytakanawa nobody cares what you think
The worst Globally ghg emissions footprint of Alberta Oil.... EMITTING the equivalent if 1 Barrel in ghg emissions merely to "produce" a lousey 2-1/2 Barrels of Alberta's synthetic "Oil" (Worst Global emissions) is NOT in anyones best interest into Climate Change.
Vancouver Real Estate is headed far lower over time in my view, the lower valuations manifesting under a resurgent cpi inflation metric where everything else costs far more 'relative' to the stagnant Real Estate.
how about statistics about a bitch slap print on your global warming face? LOL
first
610th
Hi Steve,
Kelowna market has seen 30% up in transactions over the last 3 months. Pretty noticable change. I feel that the bottom market is over. Inventory is down. Expect lots of listings but not as many as last year.
Ha nope I’ve been watching Kelowna and some homes are listed below their 2021 prices. The rents are declining and with Airbnb owners now facing reality more inventory is coming. Salaries don’t support the home valuations in Kelowna and there is easily another 20-30% downside
Lol no. I'm here as well. Cranes in the sky everywhere. Massive building to come to market and unemployment rising fast here. Businesses closing doors frequently.
What la la land are you living in bud? I live in the Okanagan and the desperation in the air is palpable.
Yeah, people always forget to mention the second half. Same with Fraser valley. Sales up 30% in Nov-Dec, BUT median price down 18%. If you look hard enough you can find some prw covid prices listing. Basically many sellers caved or have to accept reality.
and sales up compared to when? Probably up from near all time low in sales.
Hi Steve ... good question you gave the BOC, Tiff M. the other day ... I think you were too nice to him