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Jon Flynn Real Estate Stats
Canada
Приєднався 4 гру 2018
Welcome to my channel where I regularly discuss the Canadian Housing and Real Estate Market and things that affect it. My goal is to keep you informed as to current market conditions and offer my opinion based on factual ongoings and data that affects the current market. Everything on this channel is based on my personal opinion and should not be viewed as financial, legal, or trading advice, I advise all viewers to seek local and/or professional advice for your specific situation and circumstances. These videos are not intended to target individuals, businesses, or corporations already under contract with another real estate brokerage.
RBC & CMHC Have Just Confirmed My 2025 Forecast!
Data from 2 recent studies from RBC and CMHC have just confirmed where the housing market is headed in 2025. Their recent reports using current market trends now confirm my housing forecast that used historical trends to forecast home buying opportunities and house prices by tracking mortgage arrears, interest rates, and unemployment. #realestate #mortgage #canada #housingmarket
links/references:
www.cmhc-schl.gc.ca/blog/2024/analysis-canadian-residential-mortgage-market
thoughtleadership.rbc.com/proof-point-the-job-market-is-a-bigger-risk-to-canadas-economy-than-mortgage-renewals/
creastats.crea.ca/en-CA/
links/references:
www.cmhc-schl.gc.ca/blog/2024/analysis-canadian-residential-mortgage-market
thoughtleadership.rbc.com/proof-point-the-job-market-is-a-bigger-risk-to-canadas-economy-than-mortgage-renewals/
creastats.crea.ca/en-CA/
Переглядів: 26 651
Відео
GET OUT NOW! Prices DOWN as Rental Inventory Skyrockets.
Переглядів 70 тис.День тому
As the government and Bank of Canada await their soft landing Canada's rental market is breaking in half as inventory skyrockets and rent prices decline for the first time in 3 years. Also, October statistics show the huge surge in sales isn't matched by rising prices. #realestateinvesting #rentalproperty #canada #bubble Links/references: rentals.ca/national-rent-report www.gvrealtors.ca/market...
Mortgage Delinquency Alarm Bells are Going Off!
Переглядів 31 тис.14 днів тому
Just in the last 24 hours many news agencies have been sounding the alarm bells due to rising Canadian Mortgage Delinquencies. Is this Canada's 2008 great financial crisis caused by our over inflated housing bubble? I look at data from the USA in 2008 and compare to Canada to see just where we are in the current cycle. #realestateinvesting #housingmarket #interestrates Links/references: cba.ca/...
Rates Down, Immigration Down, Prices Down, Sales Down!
Переглядів 32 тис.21 день тому
Recent announcements from the Bank of Canada and the Canadian Government confirm that housing is the biggest issue driving policy in Canada. Interest rates are down 0.5%, immigration down 50%, sales are down and so are prices. I update my home buying recipe and go over some data to see where prices may be headed. What if I'm wrong? we will find out soon. #realestateinvesting #housingmarket #can...
Bank Sales to the MOON, 2024 Canadian Real Estate Market
Переглядів 29 тис.Місяць тому
Power of Sale real estate listings continue to trend up and pile up across Ontario as the economy splits in half. I have to latest stats from Ontario showing what happening on the ground with bank sales and defaults. Also, builders and developers claim they can't build homes at the insane prices, I say you can and we can do it cheaper. #realestateinvesting #foreclosure #realestatemarket #housin...
$2,000,000 Insured Loans, Mortgage Cliff, Lazy Land, Gentle Supply???
Переглядів 20 тис.Місяць тому
The government are getting desperate in their latest attempts to keep this Canadian Real Estate Ponzi scheme going. New buzz words include gentle supply and lazy land in an attempt to get you to build homes in your back yards. Crystia Freeland and Justin Trudeau's housing scheme won't end well. #housingcrash #realestatesector #canada #justintrudeau #housing
Airbnb Owner Fined OVER $100,000 in Ontario
Переглядів 28 тис.Місяць тому
Statistics just released from the Canadian Real Estate Association for the month of September shows moderate sales with building inventory as Canadians struggle with the cost of homeownership. Real Estate companies and agent are still trying to spread FOMO to get you into an overpriced house. #realestatemarket #realestateinvesting #fomo #canada #housingmarket Links/references: globalnews.ca/new...
Lowest Numbers I've EVER Seen, 2024 Canadian Real Estate Market
Переглядів 40 тис.Місяць тому
Most major areas in Canada are now deep into buyer's markets as per the latest statistics for September and the Government is trying to do everything they can to prop up the market and even increase prices. Newsflash! it won't work! Housing has been overbought in Canada and a price correction is all part of the trend. #housingmarket #realestateinvesting #realestatemarket #canada #bubble #mortga...
These REAL ESTATE Charts Will Blow Your MIND!
Переглядів 22 тис.Місяць тому
Real Estate Crashes Every Month according to this data comparing current prices to previous real estate downturns. Canada and the USA housing inventory is on the exact same path, we're not special when it comes to real estate. #housingcrash #realestateinvesting #inventory #realestate #crash #bubble Links/references: Housing Inventory: Active Listing Count in the United States (ACTLISCOUUS) | FR...
The Real Estate Market is BARELY HANGING ON!
Переглядів 77 тис.2 місяці тому
In the Bank of Canada's latest report on the indictors of financial vulnerabilities which focused mainly on the real estate sectors they warned us that the misalignment of house prices could lead to an "abrupt correction" in Canadian home prices. This weeks data back this up as recent September statistics confirms a slowing market that is barely hanging on. #marketcrash #realestateinvesting #ho...
BIGGEST Real Estate PONZI in Canadian History
Переглядів 41 тис.2 місяці тому
In a desperate attempt this week the Liberal party attempt to fuel the biggest real estate Ponzi scheme in Canada's history by ordering CMHC to allow 30 year mortgages for first time buyers and increase the insurable purchase price of a house to $1.5 Million dollars. The house or cards is about to fall and the government is desperate to keep it alive. I also go through August national statistic...
Real Estate Prices Continue to Decline as Unemployment Increases.
Переглядів 27 тис.2 місяці тому
Homes don't cost more! You're being paid less! The devaluation of the dollar has given the appearance of home prices increasing at a record pace when the reality is home prices are near all time lows when compared to real money like Gold. Regardless, real estate prices are dropping in both real and nominal terms. I show the latest statistics from across Canada including BC, Victoria, Vancouver,...
⚡️High Voltage Power Lines ⚡️ - How Close is TOO CLOSE?
Переглядів 10 тис.2 місяці тому
I take some alarming EMF readings from homes right next to some massive high voltage power lines and compare them to the older homes in the past. This data clearly shows newer homes that are closer to these power lines have significantly hight Electro Magnetic Field readings than older homes more than twice the distance away! This is an important issue that seems to have been swept under rug. S...
Real Estate Agents Are Dropping Like FLIES!
Переглядів 22 тис.2 місяці тому
Recent NEWS shows real estate agents leaving the industry at the highest levels since 2016 due to record low sales and overall economic slowdown. This has been a major contributor to the shift in real estate boards which can be best described as turf wars where local boards are fighting for territory and members. In this video I also provide data and statistics proving just how bad our current ...
The Government is LYING to Us!
Переглядів 17 тис.2 місяці тому
We're being played for political gain and is easily proven in this video and with minimal research. The Canadian government has been saying the same thing about affordable housing and building homes for almost 10 years and thing have never been worse. The middle class is getting left behind. #realestateinvesting #trudeau #housingmarket #investing #government #news links/references: liberal.ca/t...
Don't Become a DEBT Slave - House Prices Are Still Too HIGH!
Переглядів 25 тис.3 місяці тому
Don't Become a DEBT Slave - House Prices Are Still Too HIGH!
260% Increase in Bank Sales, Calgary is TOAST!
Переглядів 69 тис.3 місяці тому
260% Increase in Bank Sales, Calgary is TOAST!
The Government Has Made Billions from this PONZI
Переглядів 34 тис.3 місяці тому
The Government Has Made Billions from this PONZI
Only Months Left Until This Bubble Finally Bursts!
Переглядів 67 тис.3 місяці тому
Only Months Left Until This Bubble Finally Bursts!
Lender Sells House for $199,000. Big Losses in the Last 30 Days.
Переглядів 26 тис.4 місяці тому
Lender Sells House for $199,000. Big Losses in the Last 30 Days.
Sales DOWN Prices DOWN Housing Starts DOWN Real Estate Stocks DOWN
Переглядів 32 тис.4 місяці тому
Sales DOWN Prices DOWN Housing Starts DOWN Real Estate Stocks DOWN
Why Didn't REAL ESTATE Prices Go to the MOON!
Переглядів 21 тис.4 місяці тому
Why Didn't REAL ESTATE Prices Go to the MOON!
Real Estate Inventory SKYROCKETS in June
Переглядів 19 тис.4 місяці тому
Real Estate Inventory SKYROCKETS in June
95% Chance of PRICE DROPS in the Next 2 Months - Canada
Переглядів 34 тис.5 місяців тому
95% Chance of PRICE DROPS in the Next 2 Months - Canada
Global Real Estate CRASH Coming & Our Government is to BLAME!
Переглядів 22 тис.5 місяців тому
Global Real Estate CRASH Coming & Our Government is to BLAME!
Another BANKRUPT Condo Developer? Buyer's Search for Answers.
Переглядів 65 тис.5 місяців тому
Another BANKRUPT Condo Developer? Buyer's Search for Answers.
Rate Cuts, Where Are All The BUYERS? 2024 Canadian Real Estate Market
Переглядів 27 тис.5 місяців тому
Rate Cuts, Where Are All The BUYERS? 2024 Canadian Real Estate Market
Is the Calgary Real Estate Market FINALLY Slowing Down?
Переглядів 15 тис.5 місяців тому
Is the Calgary Real Estate Market FINALLY Slowing Down?
Trudeau EXPOSED: Lying about Fixing the Housing Crisis!
Переглядів 13 тис.5 місяців тому
Trudeau EXPOSED: Lying about Fixing the Housing Crisis!
These 6 Charts Prove Canadian Real Estate is FINALLY in Decline (2024)
Переглядів 35 тис.5 місяців тому
These 6 Charts Prove Canadian Real Estate is FINALLY in Decline (2024)
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Insightful... I curiously looked up her name on the internet and I found her site, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I’d be curious to see stats on ‘WHO’ is buying the homes. Corps? Young fams? Immigrants?
Lets go crash bro!
This guy has had the same mantra since time immemorial. First, this is VERY Toronto centric. Toronto is an overpriced horrible city. Vancouver is inflated because, well... it's Vancouver. It DESERVES to be pricey. Calgary still has fantastic value! 4th biggest city in the country, mountains, rivers, lakes, and prices that are still HALF of the disastrous, polluted, crime ridden, city known as Toronto. So maybe his video is accurate - for Toronto. But like typical Torontonians, they believe Toronto is Canada. Thank goodness it's not 😂
I mean your comparison of mortgage to renting doesn’t really make sense. You’re comparing a $3400 mortgage on a $698k single family house to a $2100 rent payment on a 1 bedroom shoebox. This doesn’t even compare at all.
This market is just stupid. I refinance in 2020 at 2.675%. House payment PITI was 1750.00. Taxes and insurance has ballooned to 2500.00 PITI month payment.
I don’t know what this guy is talking about. I like in Toronto, Canada. Rent has not dipped at all. It’s ridiculously high than ever before.
Just import one of those high tech prefab capsule homes from Aliexpress,I saw one advertised for around £15k for a 2 bedroom with all mod cons included. That should solve the housing crisis at a stroke. 😅
Soon
So if a lot of mortgages in canada are through private lenders then my question is are they being sold to the banks as MBS the way it was done in the states back before 2008? If so those loans are being financialized and may disappear from statistics.
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.
'Sophia Maurine Lanting is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
Thank you for the information. I conducted my own research on google and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.
As a young person I actually have no desire to participate in this home buying game. I’m putting my money in the market, renting and going back to my mothers home country. Canada let a lot of us down. It’s like the sacrifices my family made for me amounted to nothing. Having children is culturally important and I also have no desire because the costs of a family is too high. My mother cries every night and regrets coming here. She thinks Canada has ruined her children and her family legacy as we don’t plan to continue it.
Funny! 🤣
Agree with you.
@JohnFlynn THANKS for the stats regarding units available for lease - we're looking at purchasing single family home and like most people we need to rent a couple of bedrooms possibly the basement- December January would be the absolute worst time to try to find good tenants I've been doing my own search on the market to see what people are asking for lis a's in North York and the rateahave definitely been coming down Talking to landlords/agents most were quick to suggest they're willing to lower the price if someone were to take over December 1.
I don't believe those rise in sales numbers. I bet they pulled data from previous months and faked the rest. Trust numbers from Real Eastate the most currupt businesses in the world 😂
Completely agree Jon, Real estate prices cannot stand this high for long. They gonna be deep down in another months, Condo market is already in a mess isn't?
Hi Jon, i've been following you for about 6 months now and I just want to thank you for the quality of the content you are posting and the research that goes along with it. I am currently living in Montreal, and love the fact that you are covering most Canadian cities and not just the market you operate in. I have been saving up for quite some time now and resisting the temptation to jump in the market frenzy like everyone around me did, so I hope you are right about what's ahead of us 😂😂 This home buying recipe you came up with is very clever and kind of connects with Ray Dalio's economic cycles principles. Anyways Keep up the good work !
I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.
it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.
well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.
Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.
this is all new to me, where do I find a fiduciary, can you recommend any?
When ‘Stacy Lynn Staples’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Would love if you could get Sarnia/Lambton on there.
He probably should have just canceled the up coming rentals as they were now illegal.
I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Can you provide instructions on how to contact your advisor? I'm experiencing erosion of my funds due to inflation and looking for a more profitable investment strategy to make better use of them.
‘’Marisa Michelle Litwinsky’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
No first time buyers can afford anything and with the 5 year government of Canada bond yield blowing through 3.3 percent today no speculators will be buying either so prices have to fall.
Haven’t watched this guys videos in a long time. Just here for the comments. When Jon’s basement renters are calling him out, you know it’s bad. He’s like the federal liberals and IS democrats. Just keep lying and eventually get exposed and everyone turns on you. Prices ticking up in my area. 2025 will bring slight increases. Is Jon still calling for 2018 prices? Haha
That’s pretty vague info you’ve given to support your opinion. You should be a lawyer
@@jonflynnI never understand your responses. They make no sense. It’s almost as if you’re replying to the wrong comment 😂. What info do I need to support what opinion? The fact that I think prices will tick up in 2025? Lmao. Well rates are coming down. No one building. Millennials want to buy. Prices have already corrected. A crash would have happened already. We already see upward pressure on freehold homes. Etc etc. Always deflect/ignore the meat of my statement but will talk about one small thing I say. Maybe you should be a lawyer or politician.
@@jonflynnanswer my question. Are prices coming down to 2018? Why are your basement dwellers bitching to you in comments.
@@jonflynnyou’re wrong Jon! “Hi again. A crash is here. Until next time” buddy how can you be so obviously wrong/ been proven wrong already but still put out videos every week. Lmfao. You really are the liberal govt. proven to be wrong but double down and keep talking bullshit every week.
You might get away with talking like that to other people in your life but not me. If you don’t like it don’t watch. I don’t owe you any answers or explanations so suck it up and move on.
Tchc is the biggest problem in Canada! Corruption is the going on
Olivia must fire all Tchc employees
Olivia got no clue what is going in Tchc!
Tchc is high jaked by city management! Empty apartments are for sale
2025 is shaping up to be a pivotal year for Canadian real estate!
7 months ago i bought a couple duplexes for 320k. 1.5 years ago and 7 months ago same price and even 2.5 years ago same price. But strangely about 6 months avo the prices are crazy high. Randomly too. Duplex are now 380-410k now, and for beater properties. You know the trash ass "good deal" properties? Yah i was buying premium duplex that arent beat up for 320k i bought 4 of them and now all of the sudden trash duplex are 380 even into the 400k and i saw one for 520k but its not gunna sell i doubt it.
Just so you understand even more what I mean. A 4plex was 550k for a decent one. Now they are trying to get 650k lol rent is like 1300 these people are nuts. Why did the price go up randomly 6 month ago? The rent aren't higher. There isn't any comp sales to justify it either.
Bro it's at the point where all properties are trash. I am going to start building stuff. I don't want a ghetto 12 plex I want a premium 13 plex with rents 3k. This doesn't even exist. Only old and beat up properties for sale. It's better to have low cap rate I have come to understand. The low cap rate turns into high high high cap rates after some years. These high cap rates the ghetto property 1972 12 plex type deals, so bad.
Essentially, the properties real estate channels tell you to find, (good deals) are actually bad deals. And the bad deals they talk about (low cap) is good deals. They are really small investors most of them or they are leveraging a lot I think. Because why would I want a property that is stuck at the floor, the market rents, with tons of repairs? Just because it's a good ROI? Doesn't make sense. I'd rather have bad ROI but I was able to raise rents faster than the floor rents, and it becones 20 cap after 7 years.
I want to buy land and hold it. I have about 740k right now I can buy a big chunk of land downtown. But I don't want to pay tax while I hold it. K would have to hold it as raw land for 5 years b4 I can build and taxes for that long make no sense. I don't think you should have to pay taxes on land that doesn't generate income. I could bless my city but instead, someone else will buy, use debt and build something designed for poor people and that looks like trash.
I'm just going to do nothing until everyone is broke I think. I need to defy the government to do what I need to do so I will wait till bad economy I think.
Just waiting for them 3 bubbles to burst. Houses will likely drop in price by 40% to 50% .
!!!I am at the beginning of my "investment journey", planning to put 285K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good recommendation on great performing stocks or Crypto 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.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Great job Jon! I really enjoy your videos!❤
Awesome thanks
Rent prices dropping, house prices dropping, and cost of ownership rising. That’s quite a combination for landlords…. But leverage!! 😂
@@maxpayne7419 go rent then, what’s the problem?😂
Lolz... Most landlords will be fine. Most homes will reach new highs within 5yrs... Edmonton will surpass new highs next year and continue higher for a few years. Rents there are climbing. Where are rents dropping? Leverage has and will continue to make many people rich. 90% of millionaires did so through real estate. That will likely always be true. It was also true 100yrs ago.
You have to be nuts to buy a rental property right now (or in the last 2 years). Stocks are a much better option. It’s not even close.
As a recovering landlord, I agree, the stress is not worth the hassle.
The leverage is what is great about real estate. Stocks are at all time highs as well. Both will trend up over time. Less, dealing with tenants and an older house can be a headache.. loser tenants make it a nightmare; they hurt the housing market for average tenants.
@@socialmedia-x8e that leverage goes both ways though, especially if someone buys with a minimum downpayment, plus add to that interest to be paid over the life of the mortgage, property taxes and the maintenance costs.
@@mushypork2132 Agreed.. I bought with 25% (dec 2016), 10% (2017 Oct) and 0% (2019 May)... Buy when it makes sense for you. Almost bought another in early 2020.. glad I didn't cause I got laid off (Government forced us out of work cause of CONVID) and tenants quit paying rent (I expected one to happen at some point, but not both)... burned through the $40k I had saved up. Almost used that $40k for a downpayment in 2020; that would've been interesting. :D Both rentals provide cashflow, and buying our primary was one of the better decisions we made. Missed many buying opportunities prior to that... but we have to live in the present cause it's a gift!
@@mushypork2132 For sure.. use it as a tool. Try not to be too big of an idiot with it; but YOLO? :D I bought a place with 0% down... lol Would've bought more places, but maxed out my ability to borrow. Buy if it makes sense to you; if not, don't buy it. Best to avoid being pressured into buying as well...
this guy is a joke. he’s been predicting a housing crash on and off for pretty much the last 3-4 years every year with his clickbait video titles. not once has he been right. using goofy charts and "technical analysis" ignoring simple economics like supply and demand imbalance. i used to think he knows because he "looks smart" but in reality all his videos are just blah blah blah for attention. he says what people want to hear, but i think he knows himself that it’s a lie. he could be a good politician.
I can't wait to see his next chart that this time for sure is going to predict the market.
Jon, thank you for all the work you put in to keep us informed! I appreciate you immensely!
This guy always spilling lies with click bait videos
And is wrong every time he opens his mouth.
You must be a realtor.
@@buddybuddington7947 I am not
Being licensed for 10 year doesn’t necessarily mean more capability
I agree
Wow, I read the same stats with completely different conclusion. First, that is a bullish flag pattern, so easy to read if you know technical analysis. The rest reads like “may” or likely” with uncertainty everywhere. Too many factors to call. We cannot have bank failures. We cannot have massive mortgage failures. Do you know what that would mean?? It does not mean cheap houses to scoop up, it means financial disaster! Go with expert conclusions (not realtors) there is a supply shortage. Increase prices into 2028 or so when boomers start releasing lots of property to the free market.
Just like prices were going to increase every year for the last few years and we’re still at the same price levels as 2021
@@jonflynn prices have gone up since 2022 stop lying to people by cherry picking one data point.
Rent is 2, 3x what it was ten years ago.
Jon Flynn - the dude that forecasted 12 housing market crashes in 2024 lol
Every other realtor forecasted prices to the moon 10x in 2024
@@jonflynn just can't bring yourself to admiting you got it wrong. When do we get the 2018 prices you predicted.
@@johnnylongstocking128he’s been right all along. Thanks to him I can buy a home 100-150k cheaper at a much cheaper rate too! Anyone want proof, send me your linkedin! We can talk
@@I.H931 you are not very good at math. Prices are up since 2022 unless you cherry pick data points like Jon does. If you had bought a house in late 2022 you would have had a lower price and a lower interest rate. But instead you decided to listen to Jon and it's going to cost you.
@@johnnylongstocking128 Listening to doomers have made many people miss the boat. I used to listen to them; glad I quit listening to them. Listening to them cost me $300k ish. Glad I quit listening to them and bought... own (well the bank owns them - lolz) three now.
Prices remaining flat for a least 10 years.
Most likely
House prices will only drop when unemployment explodes. Haven't seen that yet.
I agree
Thank you Mr. Flynn for the great report. Governments are deep in debt, people are deep in debt. This is starting to look more like the 80's and 90's. GST will rise to 8 or 9 percent in a year or two.
Yep, they will try to tax their way out of it.
Great Work, Jon!
Thanks!
My dear Canadians and foreign money launderers, please buy Canadian land and real estate and save the economy. We may end up living in Igloos, but please feed the banks, realtors, politicians, builders, lawyers, speculators etc.
Well said.
igloos on a leasehold plots are asking for $350k right now
Jon, I suggest you go back and watch videos you released back in 2023. You had forecasts of real estate crashing into 2024. You have been wrong, granted prices are marginally lower. You keep kicking the can down the road. Admit it, prices have not dropped as planned. You reference a CMHC article in this video in other videos you shoot down their credibility.
Even worse prices are up from last year. Jon has had such amazing predictions such as 2018 prices by now.
I’ve always said buying opportunities start end of 2024 into 2025. Looks like we’re on the right path.
@@jonflynn hahahahaha now you are just using vague terms to justify being wrong. When do we get the 2018 prices you predicted?
Have you gone back and watched his videos? At least as early as spring 2023 he’s been saying buying opportunities would start popping up by late 2024 into 2025
@@FlyingThruCanyons maybe go back a little further. He has said buying opportunities in late 2023 early 2024 and such spot on predictions such as 2017 or 2018 prices by the end of 2024.
Hey Jon, I think you’re onto something this week. Keep up the great work.
Hi Jon Flynn. You are a pathetic little man making fake accounts.
With weaker CAD house prices should increase as foreigners will come to buy
What about the foreign buyer ban?
@ politicians can manipulate what they want as they do with interest rates or immigration
We're at the start of a global economic slowdown, nobody's investing in foreign real estate and especially not in Canada, the world knows Canada's real estate market is hyper over priced.
Technical analysis on housing prices makes zero sense. It barely works with stocks, where hundreds of thousands of people are influencing the prices based on it. NO ONE buys real estate based on lines.
Jon hasn't figured this out yet and he is supposed to be the professional. The guy trots out a new chart every six months and says this technical analysis predicts the market. Not a single time has he been right.
The real estate market makes zero sense
@@jonflynn your predictions make zero sense