20% going into stocks prior to paying off your primary residence mortgage is terrible advice for most. The interest paid on a primary residence mortgage cannot be deducted against personal income tax and worse yet the proceeds from the stock investments will be taxed regularly. Much better idea is to accelerate the mortgage paydown as fast as possible and then borrow against the property equity to purchase your stock portfolio, then you can at least write off the interest.
I think your absolutely right about the failure in government... you just forgot to mention that the provincial government wants to see housing prices stay high to collect more land transfer tax and the municipal government wants to see more property taxes. Yes, increasing the supply is the answer but almost impossible to do with all the additional costs put upon developers including higher interest rates. As previously stated in other comments: good luck getting a home in Toronto or Vancouver on 35% of your income! You are lucky if you can buy a home with 50% of your income in those cities. Perhaps better advice for newcomers to Canada is to stay away from Toronto or Vancouver and live in a place where homes are still affordable
Hi, Can you do a video on best place to buy a home in GTA and beyond around 1 million / 1.2. Is Innisfil or Georgina or Barrie, a good place to buy a detached home? Don’t wanna make a million dollar mistake.
Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
As long as current and future homeowners are not just satisfied with paying off their mortgages and to build equity, plus want prices to rise faster than earnings in the local economy at the expense of affordability for those who follow, the crisis of housing affordability will never get resolved no matter how much you reduce immigration, curb foreign buyers or property flippers. The political will does not exist to resolve the crisis nor do most home owners want to see more supply created where needed the most because it threatens their financial asset’s potential; and all political parties know this.
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
As a beginner 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 $100k 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 analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
Immigration itself is not the issue; the real challenge lies in the lack of planning to accommodate immigrants and establish the necessary infrastructure to handle the influx. If a real estate collapse occurs in Canada, it could be a disaster that will be debated for centuries.
great coverage. However the GTA has an immense number of vacant ready to move in condos so where is the supply problem? GTA is where majority of the new immigrants, temp residents and international students from S Asia (mostly) arrive to attend those phoney colleges and working part time..
What about negative cash flow we have in our investment in this market ?? I understand that for retirement we need this property to be cash flow positive one day and use the equity to buy 3rd investment ??
Sharp Fall of Home and Land Prices will be on the horizon here in Canada as the inflation numbers will rise again due to ongoing geopolitical conflict in West Asia. Geopolitical instability in West Asia (Mid-East) and high risks of long-term conflict will push the global economy back into another DEEP recession and possibly a Depression. We are just at the beginning of a long hard slog in the Global Economy. (i.e. 1960 - 70's Vietnam era Inflation), everything is overleveraged and overpriced. The Global Central Banks are losing control over the economy and running out of tools and options. The sad reality is also that here in Canada, the Bank of Canada has LOST TOTAL CONTROL over the economy and especially its own created Inflation for the past 20+ years. - HIGH Food Prices - HIGH Oil/Energy Prices - HIGH Taxes - HIGH Asset Prices (Land and Home Prices) - HIGH Consumer /Household Debt (Over $3 Trillion) - HIGH Cost of Living and Expenses - Bubble/ Debt based Economy - HIGH Poverty and Homelessness - HIGH Crimes rates - HIGH Expectations by Consumers and Investors - WIDENING Gap between 99% poor and 1% rich - Growing Social and Economic Disparity and Inequalities created by the Bank of Canada - Growing Social, Economic, Political and Security Crises in Canada - Continuing Printing of Dollar/ Cutting Rates and Devaluation of Currency by the Bank of Canada - Continuous Decline in Standard of Living in Canada caused by the Bank of Canada's inflationary monetary policies. - and ... All of the above factors have contributed to the current ongoing Dhilemas and Crises in the country with NO END in sight. Given the current Global Geopolitical Situation and Canada's stand, we will see a STEADY and SIGNIFICANT DECLINE in ASSET prices in Canada in the coming months and years. (C-R-A-S-H) plus (D-E-P-R-E-S-S-I-O-N)
Very well researched videos, keep making content like that. Canadian economy isn't making any real progress in other sectors, and no actual GDP growth only selling houses to each other at higher prices and getting more and more under debt. And this cycle is not sustainable at all, if income doesn't grow at the same pace, it will all collapse one day.
Millions is definitely an overestimate lol. There is no way a company would choose to keep houses empty instead of cashing from rents despite all the shit laws that favor tenants and treat landlords like criminals
Canada does not have institutional rental companies like in the US. It is very hard to manipulate the rent. If it is over priced, people will just rent something else, and the listing will just become stale. If millions of homes are empty, then government should have collected fat vacancy tax but this is not the case.
Definitely not in my city. House prices are just going up. The ranges are just changing. I had the similar mindset that prices will crash and would be ready for purchase. But the range of houses just increased from 450-500k to 599-650k here in Edmonton..
People in this world have many dreams desire which leads them into deep troubles. People try to show they are rich if 4 people in house they buy 6 bedroom home with bank loans if they need 1 car they buy 3 cars with bank loans .list is very big like they can use ordinary phone but they will buy expensive apple phone expensive watches expensive purse list go on every thing bank loan even they buy groceries with bank money so how people can relax 😌
Hey can you please make some awareness on CMHC insurance? As why is it required and can it be cancelled after some years? If cancelled what are the repercussions as I see many ppl not having this post buying this.
It is high time Canadians found better things to do than real estate? Real estate is a dead weight, and is sucking out capital from economy and keeping people poor. When all the hardwork is going towards just keeping the roof on top of your head, people can't be creative. This market situation is a discouragement to entrepreneurs. We need young people to be creative and bring out their million dollar ideas not buy a home and work two jobs to keep it.
@@growwithnav this is called Capitalism. Immigrant who come from socialist countries haven't figured this out yet. They sell you over priced properties, pocket your money for 25 years and keep you stuck in a loop while a capitalist's child enjoys monthly allowance just for being born to that family. Do you really think anybody who owns multiple properties is rich?😂😂😂 Atleast in my experience none of them show any "qualities" of being rich. Prosperity in any society is achieved when resources are circulated. To do that we need entrepreneurs. If more people become entrepreneurs, the capitalits in this country will not get their free money. So they break your backs by selling you overpriced basic necessities. Welcome to Canada!
@@growwithnav thank you. You are correct the Capitalists are the richest people on planet earth. In traditional capitalism, money was earned when the capitalist created "value" for the goods , services or money (capital) they provided. In today's world people dont provide any "value". How will you justify that? Today's capitalists only want free money to keep their lifestyle. How much real value does a rental property create?? Not speculative market value, real value. To create real value you need investments the create something. People who create are called " entrepreneurs ". Generally to think creatively the society must be in a peaceful and relaxed state. When the younger generation (working youth) in this country is burdened with a huge loan for basic necessities like a home, how will they create. Regardless of you create value ot not the capitalists who lend you money to buy the over inflated home gets their monthly payments and their children get their free money. This is trap you walked yourself into. So do your math well and dont let anyone " sell" you false ideas. Nobody becomes rich sitting at home. You only become rich providing value. Stupid immigrants are sold a false idea. 😂
I appreciate the video, but when you said that a housing price crash would cause homelessness amongst retirees I've gotta refute that claim. You also said these people by and large own their homes outright, so in reality homelessness is not going to be a concern for them. More than likely starvation will be a higher risk. House prices "crashing" should actually lower homelessness at the cost of cushy retirements for those 55-65 years of age. Maybe retirees need to rethink what retirement should look like? Seems to me forcing the younger generation to mortgage their futures so elderly people can cash out their "undeserved" home equity is just wrong. I say "undeserved" because buying a house in 1965 for $5000 and then selling it 60 years later for $500,000 isn't a productive event it's just lucky speculation that inflation and population growth hasn't kept pace with housing stock. While I'm sure these people did work hard for many years and absolutely deserve their proceeds of their efforts, simply purchasing an item that everyone needs and watching it's price inflate is not helpful for our society as a whole. If the government was trying to keep wheat prices elevated such that a loaf of bread was worth $100 and mass starvation was ripping through the country people would be in mass revolt, but for some strange reason housing gets a free pass... Why?
Many parliamentarians r investors themselves no matter they belong to ruling or opposition parties. How can they appose when they have their vested interests. More supply creation will reduce values, that’s a simple calculation. What Trudeau said is at the cost of non owners who will probably not even dream of owning a house in their lifetime. As you said F with what government does, all in this fray say F with the common man, the economy, the productivity, the employment. But how long can the sheen of Canada will remain intact when the quality of life of majority people be at stake. Already foreign nationals are turning away to immigrate to Canada, a trend never seen before. On the pricing front, setting narratives aiming speculation will also not hold waters for long when businesses n jobs not created. Talking about coming 20-30 years will have very different dynamics compared to past decades.
You have gone in depth and it’s highly commendable. With this trickle down effect in next 3/4 years rents will go up again. The second biggest problem that people don’t talk about much is JOBS. This government and its policies are not been able to create jobs at the same rate. I don’t know if conservatives can switch off these policies within 1 year and most probably not
2 bdrm in Burlington $2900 for the main floor of a detached bungalow. Impossible to afford on 1 salary, people are foregoing a 1st, 2nd or 3rd child because of home prices. That is the reality
I will speak for myself. I thought to settle here comfortably. Even though i earn about 150k i dont wanna get into real estate due to exact reasons you mentioned. All expenses should be within 3k to adhere to the 35% rule. Where do i get such a house?? Not a big fan of condos though. Paying rent of 1700 and saving huge , portion of which goes to buying stocks. I am happy. Shall return to india after 5 more years when rents would be most difficult to pay
Canada’s obsession with Real Estate continues and how! Let investors keep digging their own graves and burying themselves in debt. Focus on saving and investing. Rent without regret if you are not a homeowner. Focus on trying to prepay your mortgage if you are. Keep it Simple!
My recommendation is simple , start taxing builders each month for 1% of vacant land value each month just like tfsa penalty . The builders want to build homes only when market is hot we need to change that attitude. If they own a land not willing to construct they need to keep paying penalty or start construction immediately . City should approve permits within 3 months if design is from housing catalogue . If they dont next year 0 federal infrastructure money to that particular city
it wouldn't matter@growwithnav speculators will just buy up the new supply and maintain local price floors for single family homes. I used to think the market could crash but perhaps another 25% to the downside, still not enough to really help people in the service and hospitality sector afford a mortgage without a 30% down payment and lower rates
Because they are their political funders but correction is mandatory and it is happening. Buying home at this point according to my view is going to a loss making decision
I see, how u try to convince the viewers with stats and graphics that price is not coming down and you need to buy house now. And Guess what who can help in this...its ME, the successfull mortgage agent. Very subtle Marketing
No one can afford an investment property and rental on an average, median income. This house market is a scam.
Politicians usually destroy every good business . They don’t understand business.
He plays an old interview out of context and then uses it to pump FOMO 👏👏👏 shows how big of a FOMO Pumper he is ⛽⛽⛽.
FOMO PUMPER 😅😂😂
20% going into stocks prior to paying off your primary residence mortgage is terrible advice for most. The interest paid on a primary residence mortgage cannot be deducted against personal income tax and worse yet the proceeds from the stock investments will be taxed regularly. Much better idea is to accelerate the mortgage paydown as fast as possible and then borrow against the property equity to purchase your stock portfolio, then you can at least write off the interest.
I think your absolutely right about the failure in government... you just forgot to mention that the provincial government wants to see housing prices stay high to collect more land transfer tax and the municipal government wants to see more property taxes. Yes, increasing the supply is the answer but almost impossible to do with all the additional costs put upon developers including higher interest rates. As previously stated in other comments: good luck getting a home in Toronto or Vancouver on 35% of your income! You are lucky if you can buy a home with 50% of your income in those cities. Perhaps better advice for newcomers to Canada is to stay away from Toronto or Vancouver and live in a place where homes are still affordable
You forgot one big reason for politicians to keep housing overpriced. Many of them have invested in real estate. If it drops, they lose money.
Hi,
Can you do a video on best place to buy a home in GTA and beyond around 1 million / 1.2.
Is Innisfil or Georgina or Barrie, a good place to buy a detached home? Don’t wanna make a million dollar mistake.
Are your referral links for EQ bank and Wealth simple still active? The ones we can find in your videos on potato talkies?
great video. 35% rule can you use rental income. I never buy house without a rental option. If you have defined pension plan still invest 20%
Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
As long as current and future homeowners are not just satisfied with paying off their mortgages and to build equity, plus want prices to rise faster than earnings in the local economy at the expense of affordability for those who follow, the crisis of housing affordability will never get resolved no matter how much you reduce immigration, curb foreign buyers or property flippers. The political will does not exist to resolve the crisis nor do most home owners want to see more supply created where needed the most because it threatens their financial asset’s potential; and all political parties know this.
Love this guy !!
I love your channel Nav ! Pls continue to share wisdom. More power
🙌🙌
Great content. Ty.
Very informative and a wealth of information.
just curious, what's up with the black eye?
!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks or Crypto will be appreciated
As a beginner 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 $100k 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 analyzing market movements and spotting profitable opportunities. Her strategies are meticulously crafted based on thorough research and years of practical experience.
look up her name on the web for her website.
Probably the most genuine and real video made...
🙌🙌
Immigration itself is not the issue; the real challenge lies in the lack of planning to accommodate immigrants and establish the necessary infrastructure to handle the influx. If a real estate collapse occurs in Canada, it could be a disaster that will be debated for centuries.
great coverage. However the GTA has an immense number of vacant ready to move in condos so where is the supply problem? GTA is where majority of the new immigrants, temp residents and international students from S Asia (mostly) arrive to attend those phoney colleges and working part time..
What about negative cash flow we have in our investment in this market ?? I understand that for retirement we need this property to be cash flow positive one day and use the equity to buy 3rd investment ??
Trudeau = thinks of everyone except Canadians. A chef’s kiss 😂
Sharp Fall of Home and Land Prices will be on the horizon here in Canada as the inflation numbers will rise again due to ongoing geopolitical conflict in West Asia.
Geopolitical instability in West Asia (Mid-East) and high risks of long-term conflict will push the global economy back into another DEEP recession and possibly a Depression.
We are just at the beginning of a long hard slog in the Global Economy. (i.e. 1960 - 70's Vietnam era Inflation), everything is overleveraged and overpriced.
The Global Central Banks are losing control over the economy and running out of tools and options.
The sad reality is also that here in Canada, the Bank of Canada has LOST TOTAL CONTROL over the economy and especially its own created Inflation for the past 20+ years.
- HIGH Food Prices
- HIGH Oil/Energy Prices
- HIGH Taxes
- HIGH Asset Prices (Land and Home Prices)
- HIGH Consumer /Household Debt (Over $3 Trillion)
- HIGH Cost of Living and Expenses
- Bubble/ Debt based Economy
- HIGH Poverty and Homelessness
- HIGH Crimes rates
- HIGH Expectations by Consumers and Investors
- WIDENING Gap between 99% poor and 1% rich
- Growing Social and Economic Disparity and Inequalities created by the Bank of Canada
- Growing Social, Economic, Political and Security Crises in Canada
- Continuing Printing of Dollar/ Cutting Rates and Devaluation of Currency by the Bank of Canada
- Continuous Decline in Standard of Living in Canada caused by the Bank of Canada's inflationary monetary policies.
- and ...
All of the above factors have contributed to the current ongoing Dhilemas and Crises in the country with NO END in sight.
Given the current Global Geopolitical Situation and Canada's stand, we will see a STEADY and SIGNIFICANT DECLINE in ASSET prices in Canada in the coming months and years.
(C-R-A-S-H) plus (D-E-P-R-E-S-S-I-O-N)
crealy see the frustration on nav's face while explaining about some points. as usually informative video.
Glad it was helpful!
Very well researched videos, keep making content like that.
Canadian economy isn't making any real progress in other sectors, and no actual GDP growth only selling houses to each other at higher prices and getting more and more under debt. And this cycle is not sustainable at all, if income doesn't grow at the same pace, it will all collapse one day.
House prices are crashing. Big rental companies are running algorithms that keep rents high and rentals empty. Millions of houses are lying empty.
Millions is definitely an overestimate lol. There is no way a company would choose to keep houses empty instead of cashing from rents despite all the shit laws that favor tenants and treat landlords like criminals
Canada does not have institutional rental companies like in the US. It is very hard to manipulate the rent. If it is over priced, people will just rent something else, and the listing will just become stale.
If millions of homes are empty, then government should have collected fat vacancy tax but this is not the case.
@@kellyhou9594 Most of the apartment buildings use Management companies like Metcap and Capreit. These use the algorithm.
Definitely not in my city. House prices are just going up. The ranges are just changing. I had the similar mindset that prices will crash and would be ready for purchase. But the range of houses just increased from 450-500k to 599-650k here in Edmonton..
@@ismailmohd5130 just be careful ,Conservatives are going to take action against people using fake Documents to obtain mortgages including jail time.
It’s in tipping point bro it would crash or go up. Nobody can say anything. Let’s see 2025
People in this world have many dreams
desire which leads them into deep troubles. People try to show they are rich if 4 people in house they buy 6 bedroom home with bank loans if they need 1 car they buy 3 cars with bank loans .list is very big like they can use ordinary phone but they will buy expensive apple phone expensive watches expensive purse list go on every thing bank loan even they buy groceries with bank money so how people can relax 😌
98% Liberal Governments = Owning 2 and more PROPERTIES - HOUSES 😂😂😂😂😂
100%
Stocks are at all time high. What are the chances of it crashing
Hey can you please make some awareness on CMHC insurance? As why is it required and can it be cancelled after some years? If cancelled what are the repercussions as I see many ppl not having this post buying this.
You can’t cancel it. It’s the cost you pay to buy a home with less than 20% down.
Outgoing prime minister! That is why he needs to go ! Who is thinking of future generations
It is high time Canadians found better things to do than real estate? Real estate is a dead weight, and is sucking out capital from economy and keeping people poor. When all the hardwork is going towards just keeping the roof on top of your head, people can't be creative. This market situation is a discouragement to entrepreneurs. We need young people to be creative and bring out their million dollar ideas not buy a home and work two jobs to keep it.
I agree
@@growwithnav this is called Capitalism. Immigrant who come from socialist countries haven't figured this out yet. They sell you over priced properties, pocket your money for 25 years and keep you stuck in a loop while a capitalist's child enjoys monthly allowance just for being born to that family. Do you really think anybody who owns multiple properties is rich?😂😂😂 Atleast in my experience none of them show any "qualities" of being rich. Prosperity in any society is achieved when resources are circulated. To do that we need entrepreneurs. If more people become entrepreneurs, the capitalits in this country will not get their free money. So they break your backs by selling you overpriced basic necessities. Welcome to Canada!
Very interesting. Most successful entrepreneurs I know are capitalists. Which is why we see the rich getting richer :)
@@growwithnav thank you. You are correct the Capitalists are the richest people on planet earth. In traditional capitalism, money was earned when the capitalist created "value" for the goods , services or money (capital) they provided. In today's world people dont provide any "value". How will you justify that? Today's capitalists only want free money to keep their lifestyle. How much real value does a rental property create?? Not speculative market value, real value. To create real value you need investments the create something. People who create are called " entrepreneurs ". Generally to think creatively the society must be in a peaceful and relaxed state. When the younger generation (working youth) in this country is burdened with a huge loan for basic necessities like a home, how will they create. Regardless of you create value ot not the capitalists who lend you money to buy the over inflated home gets their monthly payments and their children get their free money. This is trap you walked yourself into. So do your math well and dont let anyone " sell" you false ideas. Nobody becomes rich sitting at home. You only become rich providing value. Stupid immigrants are sold a false idea. 😂
Do you own a business?
I appreciate the video, but when you said that a housing price crash would cause homelessness amongst retirees I've gotta refute that claim. You also said these people by and large own their homes outright, so in reality homelessness is not going to be a concern for them. More than likely starvation will be a higher risk. House prices "crashing" should actually lower homelessness at the cost of cushy retirements for those 55-65 years of age. Maybe retirees need to rethink what retirement should look like? Seems to me forcing the younger generation to mortgage their futures so elderly people can cash out their "undeserved" home equity is just wrong. I say "undeserved" because buying a house in 1965 for $5000 and then selling it 60 years later for $500,000 isn't a productive event it's just lucky speculation that inflation and population growth hasn't kept pace with housing stock. While I'm sure these people did work hard for many years and absolutely deserve their proceeds of their efforts, simply purchasing an item that everyone needs and watching it's price inflate is not helpful for our society as a whole. If the government was trying to keep wheat prices elevated such that a loaf of bread was worth $100 and mass starvation was ripping through the country people would be in mass revolt, but for some strange reason housing gets a free pass... Why?
Many parliamentarians r investors themselves no matter they belong to ruling or opposition parties. How can they appose when they have their vested interests. More supply creation will reduce values, that’s a simple calculation. What Trudeau said is at the cost of non owners who will probably not even dream of owning a house in their lifetime. As you said F with what government does, all in this fray say F with the common man, the economy, the productivity, the employment. But how long can the sheen of Canada will remain intact when the quality of life of majority people be at stake. Already foreign nationals are turning away to immigrate to Canada, a trend never seen before. On the pricing front, setting narratives aiming speculation will also not hold waters for long when businesses n jobs not created. Talking about coming 20-30 years will have very different dynamics compared to past decades.
Don’t Canadians get a pension after retirement?🤔
Hi, is it possible to replace F word, we watch as family to learn , my kids on low teens..
Sorry 😢
Your kids who are teenagers in Canada know the F word ... They've probably done the act as well 😝
You don't take your kids to movies??
You have gone in depth and it’s highly commendable. With this trickle down effect in next 3/4 years rents will go up again. The second biggest problem that people don’t talk about much is JOBS. This government and its policies are not been able to create jobs at the same rate. I don’t know if conservatives can switch off these policies within 1 year and most probably not
Agree.. they won’t switch them off.. they aren’t even opposing it
how will people pay this higher rent?
2 bdrm in Burlington $2900 for the main floor of a detached bungalow. Impossible to afford on 1 salary, people are foregoing a 1st, 2nd or 3rd child because of home prices. That is the reality
I will speak for myself. I thought to settle here comfortably. Even though i earn about 150k i dont wanna get into real estate due to exact reasons you mentioned. All expenses should be within 3k to adhere to the 35% rule. Where do i get such a house?? Not a big fan of condos though. Paying rent of 1700 and saving huge , portion of which goes to buying stocks. I am happy. Shall return to india after 5 more years when rents would be most difficult to pay
Good plan
VOTE HIM OUT
So true
Canada’s obsession with Real Estate continues and how!
Let investors keep digging their own graves and burying themselves in debt.
Focus on saving and investing. Rent without regret if you are not a homeowner. Focus on trying to prepay your mortgage if you are. Keep it Simple!
Lots of regret when your rent is more than half your salary. What world are you living in?
The rent makes no sense either. We have paid nearly 100 grand in rent in just a few years. Gone. Pissed in the wind. Where did it go???
India and Canada need good leadership
Paji face par kya huwa...
God bless you
My recommendation is simple , start taxing builders each month for 1% of vacant land value each month just like tfsa penalty . The builders want to build homes only when market is hot we need to change that attitude. If they own a land not willing to construct they need to keep paying penalty or start construction immediately . City should approve permits within 3 months if design is from housing catalogue . If they dont next year 0 federal infrastructure money to that particular city
A bit extreme, but sure - whatever gets them to build more and faster.
it wouldn't matter@growwithnav speculators will just buy up the new supply and maintain local price floors for single family homes.
I used to think the market could crash but perhaps another 25% to the downside, still not enough to really help people in the service and hospitality sector afford a mortgage without a 30% down payment and lower rates
Because they are their political funders but correction is mandatory and it is happening. Buying home at this point according to my view is going to a loss making decision
Thanks for this video, nice game plan !!!
Glad you liked it!
Housing societies or Coop housing is the only option to solve housing crisis. Only NDP and Jagmeet Singh support it.
Lol
They’re the reason Canada’s struggling right now. All they would do is turn this Country into a third world country.
very informative plan to get ahead financially - any update on tax deductable mortgage Smith Manouver
Housing is a provincial responsibility. People need to understand this.
Amazing video Navjot! Thank you for sharing :)
Thanks a ton!
I see, how u try to convince the viewers with stats and graphics that price is not coming down and you need to buy house now. And
Guess what who can help in this...its ME, the successfull mortgage agent. Very subtle Marketing
You say this as if it’s a crime to make an honest living.
Give more than you take. That’s how I operate.
❤
You are so right! We are being screwed. I wish people were waking up to this, some are waking up but some still don't see it , unfortunately.
🙌🙌
I like how you talk about facts.
Thanks 🙏
😂😂😂investment properties in canada 😂😂😂 now thats funny
Huge respect for you Nav paaji... Please keep teaching us this way....
Thank you
Bitter truth, very good coverage Nav
35 rule stopped working after 2018-19 😢
Amazing info as always.
Well thought out and wholesome .
Much appreciated!
Justin Trudeau & Liberals. 😡🤢🤮
Nothing wrong with the development charges. Govt is giving money for cheap and if it doesn’t charge builders will swallow those profits
Greddy indian