Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
*I'm glad you made this video. It reminds me of my transformation from nobody to having a good home, an honest husband, earning $38k bi-weekly, and a loving daughter.❤.,.....*
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Ray! Imagine i invested $50,000 and received $190,500 after 14 days.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Ray Dalio.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me
Thanks Vic. My guess is mid-2025 will be when the dominoes start. It will be exactly 5 years since the low interest rate regime began in spring 2020. Plus, with BoC deviating from the US feds on interest rates, the Canadian dollar is tanking. This will cause inflation to go back up gradually. Which in turn will cause BoC to halt or even increase the rates, depending on how bad it gets.
When rates drop, it affects asset prices immediately, and there is approx a 1 year lag before those cuts work their way into higher prices of goods and services. So if house prices haven't responded much to the rate cuts, that is a terrible sign, and shows that the asset class is overvalued. As mortgage rates stay higher for longer, the expectations and psychology will adjust to the new norm. This idea that rates will stay near 0 forever is just a pipe dream.
Good points but at some point one has to get in if it is to live and raise the family. I may be wrong but I think Dec 2024 was a good time to buy since one can have conditions to purchase in offer plus the new rules for the first time homebuyers reducing the down payment requirement for 1 - 1.5 million dollar house will also impact the market. More debt slaves as I was looking at a video where it said that a 1.1 million dollar house required a 20% ($220k) down payment before Dec 15 but after Dec 15, the same 1.1 million dollar mortgage will require $95k as down payment, plus 30 years amortization. This can increase market activity as someone selling their house previously for 940k may increase it to 1 million as required down payment is lower. This will make the banks happy as people will be chained in huge debts for a long time. Just my 2 cents.
You're right, the new rules just make the banks richer over time. Also, you're correct about at some point someone has to buy a place to live. I'm not against people buying homes. I just don't agree with people who create fake urgency to push people into buying homes. Happy new year!
Yes, you need some place to live but guess what you need to make that happen? You need a job! With high unemployment, it's a pipe dream to expect home prices to keep going up. Unemployment will get worse in 2025 because we still have new suckers coming in via student and work permits. LOL
The dynamic that happened last year is far from over. Expect a bump in the spring, then a slowdown into the rest of the year. The conservative government is basically campaigning on dropping real estate prices by hundred of thousands of dollars to make things affordable again too.
Seems like all 4 valid points. However, I am surprised howcome you forgot few most important points. No more half of million immigrants coming now, no more those hundreds and thousands of students coming to Canada which most were not actual students anyways but those were coming to Canada with the intention of making Canada as their HOME. No more asylum seekers and refugees, no more temp workers. All gone!!! Even I see fewer illegal immigrants now would come since job market and economy is making perfect storm (thanks to our PM for the perfect job he done). So, realtors who were bringing "real estate market to MOON" have now shutup call. Also howc ome you forgot those 5 millions work permit holders with expiring visa this year mostly residing in GTA. Even if Govt. is able to kick out just one million out of 5 millions, that would have dire impact on real estate. I guess you need to redo your visdeo adding above stuff :).
@katethegardener Yes there is cap and I have done my good homework. Do you really think, anyone with the right mind would consider coming to Canada where there are no jobs??? Jobless rate is increasing significantly; we are in recession already; it is yet to announce though by Govt. that’s why our beloved Finance Minister resigned. Half millions immigrants entering in GTA with loaded CASH bags (for buying houses) have batter market to go like Dubai, Singapore or even remain in India where market is still strong but those are not coming to Canada anymore. So yes ALL GONE!!!! Tons of inventory is the evidence. One category is still flying coming to Canada YES !!!! Investors!!!. I am sure you got me wrong here as well because those are coming to off load their properties & to get rid of them (not to buy :) ). GONE THOSE DAYS SIR!!!
Personally speaking, the entire country is overpriced right now and am very happy to pass on buying until there is 30% or nore drop from current levels. Happy to rent and invest in stock market, gold, and some bircoin 😂😮
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
*I'm glad you made this video. It reminds me of my transformation from nobody to having a good home, an honest husband, earning $38k bi-weekly, and a loving daughter.❤.,.....*
Hello! How do you make such a weekly amount? I'm a born-again Christian, and sometimes I feel down about my low finances, but I still believe in God,.
Thanks to Mr. Ray Dalio time in my life, which had a profound impact on me.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Ray! Imagine i invested $50,000 and received $190,500 after 14 days.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Ray Dalio.
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family and life ahead of me
Thanks Vic. My guess is mid-2025 will be when the dominoes start. It will be exactly 5 years since the low interest rate regime began in spring 2020. Plus, with BoC deviating from the US feds on interest rates, the Canadian dollar is tanking. This will cause inflation to go back up gradually. Which in turn will cause BoC to halt or even increase the rates, depending on how bad it gets.
Excellent analysis
Thank you
Most people not waiting to buy; they are waiting to sell. Spring will explode with listings.
Yes, inventory usually goes up in the spring
I'm pretty sure you're correct!
A good economist is right 50% of the time 😂
Pure facts! Many people are struggling to make ends meet.
Hey Vic hopefully we have a great 2025. Keep up the great work. Much appreciated
Happy new year!Thanks for your support in 2024
When rates drop, it affects asset prices immediately, and there is approx a 1 year lag before those cuts work their way into higher prices of goods and services. So if house prices haven't responded much to the rate cuts, that is a terrible sign, and shows that the asset class is overvalued. As mortgage rates stay higher for longer, the expectations and psychology will adjust to the new norm. This idea that rates will stay near 0 forever is just a pipe dream.
Good points but at some point one has to get in if it is to live and raise the family. I may be wrong but I think Dec 2024 was a good time to buy since one can have conditions to purchase in offer plus the new rules for the first time homebuyers reducing the down payment requirement for 1 - 1.5 million dollar house will also impact the market. More debt slaves as I was looking at a video where it said that a 1.1 million dollar house required a 20% ($220k) down payment before Dec 15 but after Dec 15, the same 1.1 million dollar mortgage will require $95k as down payment, plus 30 years amortization. This can increase market activity as someone selling their house previously for 940k may increase it to 1 million as required down payment is lower. This will make the banks happy as people will be chained in huge debts for a long time. Just my 2 cents.
You're right, the new rules just make the banks richer over time. Also, you're correct about at some point someone has to buy a place to live. I'm not against people buying homes. I just don't agree with people who create fake urgency to push people into buying homes. Happy new year!
Yes, you need some place to live but guess what you need to make that happen? You need a job! With high unemployment, it's a pipe dream to expect home prices to keep going up. Unemployment will get worse in 2025 because we still have new suckers coming in via student and work permits. LOL
The dynamic that happened last year is far from over. Expect a bump in the spring, then a slowdown into the rest of the year. The conservative government is basically campaigning on dropping real estate prices by hundred of thousands of dollars to make things affordable again too.
Please include the immigration impact on housing market in 2025. I think it would be a game changer in housing price.
Seems like all 4 valid points. However, I am surprised howcome you forgot few most important points. No more half of million immigrants coming now, no more those hundreds and thousands of students coming to Canada which most were not actual students anyways but those were coming to Canada with the intention of making Canada as their HOME. No more asylum seekers and refugees, no more temp workers. All gone!!! Even I see fewer illegal immigrants now would come since job market and economy is making perfect storm (thanks to our PM for the perfect job he done). So, realtors who were bringing "real estate market to MOON" have now shutup call. Also howc ome you forgot those 5 millions work permit holders with expiring visa this year mostly residing in GTA. Even if Govt. is able to kick out just one million out of 5 millions, that would have dire impact on real estate.
I guess you need to redo your visdeo adding above stuff :).
@@paindisiri8166 good points, thanks for your insight
What do you mean by no more, All gone? There is a cap on immigration, it's not stopped all-together! Do your homework before posting.
@katethegardener Yes there is cap and I have done my good homework. Do you really think, anyone with the right mind would consider coming to Canada where there are no jobs??? Jobless rate is increasing significantly; we are in recession already; it is yet to announce though by Govt. that’s why our beloved Finance Minister resigned. Half millions immigrants entering in GTA with loaded CASH bags (for buying houses) have batter market to go like Dubai, Singapore or even remain in India where market is still strong but those are not coming to Canada anymore. So yes ALL GONE!!!! Tons of inventory is the evidence.
One category is still flying coming to Canada YES !!!! Investors!!!. I am sure you got me wrong here as well because those are coming to off load their properties & to get rid of them (not to buy :) ).
GONE THOSE DAYS SIR!!!
Good points Vic, market may not take off but better than 2023/24 I feel prices may climb up a bit by End of summer.
Personally speaking, the entire country is overpriced right now and am very happy to pass on buying until there is 30% or nore drop from current levels. Happy to rent and invest in stock market, gold, and some bircoin 😂😮
Here's to 2025!
👏👏👏
Thanks, happy new year :)
I hope it will get better not worse, I think with an election there will be renewed optimism and hope for all aspects of Canada to prosper.
Good job 🎉🎉🎉
@@surjitbhullar2255 thank you. Happy new year!