Відео

Hi Steph, its quite possible, but interesting nonetheless as it was a clear pattern breaker vs the last 7 months. Anxiously awaiting to see how Nov plays out!

Hi Julie, thanks for the kind words! It really is an interesting time we're in and I think theres going to be some tough times ahead not just in housing! I really see basement apartments becoming much more commonplace than they already are as people need to income to offset the living costs!

Happy to share Con, there is a lot of great debate footage being circulated this year on UA-cam which I'm happy to see. There was a great debate on homelessness the other night posted by All Saints Church. Hopefully these interviews help people get a bit more personal with the candidates!

@@mitchclearyPTBO So many wonderful things for Peterborough to be proud of, but sadly, we have a lot of work still that needs to be done. This election is critical that everyone's voice is being listened to and represented by Council and the Staff at City Hall. It's been an old boys club far too long.

@@ConstantineIsslamow Hi Con, yes I think that some of the potential changes that could happen within the council are as important as who is selected for Mayor. There are some councillors in particular who have problematic in regards to blocking new developments that would add housing supply.

Hi Amanda, thanks for the support. I'm glad the videos have been helpful! I would really love to grow the channel and my socials in the rest of 2022 so if you be willing to share the channel with some friends it would be much appreciated!!! Thanks for the comment and engagement.

Hi Julie, thanks for the support. The most basic observation I would make this way is that high end properties above the million dollar mark seem to have taken a large brunt of the blow, and stuff down towards the low end ($450,000 - $550,000) has not gotten compressed as much because even at the new interest rates it is still a very in demand price bracket.

@@mitchclearyPTBO Thank you for your insight Mitch. Have a lovely weekend.

Thanks for chiming in. Are you willing to state who your current pick would be and why?

@@BuildLessons to be honest, Stephen is still my guy. I, as a voter, I wanted him to know a constituents stance on a policy I disagree with. I may not make a difference in his thinking, but all voices should be heard.😊👍

No more than $750.00 . Anything more is greedy AF.

Hey brother! Yes the cost on the city is already huge, the drag on the police force alone his huge. The number one fear is that it would turn into a slum. We should both hop onto a viewing of the tiny homes success story documentary in Texas sometime to see that working example. I wonder how many in the community were addicts vs just low income folks ect and what the mix was there to try to make sure theres some positive mentorship and guidance in the community to set a positive tone and keep a good culture.

@@mitchclearyPTBO i'm in for that! Just let me know when it is

@@brandontimmins Path will soon hav e a website. Things looking optimistic!

I imagine it would be good to have a mix in order to keep the culture of the community a little more progressive, but I'm not really sure as I'm just at the start of trying to understand how the dynamics of these things work. Thankfully there are a few successful models they can follow, but there are also many that have not worked out as planned so it needs to be done with a lot of intention and planning that is for sure!

@@patrickwalsh416 Hi Patrick, thanks for jumping into the conversation! The nature of your feedback has been a recurring them in terms of most peoples concern that tiny homes are an inefficient use of resources vs building up. I will be in conversation with the group from PATH again in the near future and will be relaying these concerns. I believe the idea has started with tiny homes primarily because 1) there have been successful examples who have done it this way and 2) it is much more temporary in case of a loss of funding or / general failure of the project, in which case the time and effort put it is not wasted as the units can be transported to another location. If your interested in updates I'll plan to post a status update at some point later this summer, and I love to hear the comments in the meantime. Cheers, Mitch.

Hi Tyler, that plot mentioned on the corner of Park and Lansdowne is large enough to support a full community, that is the vision at this point!

@@mitchclearyPTBO But it will never happen because people are so hypocritical. Say they want to help but dont want it near them. People further away will be all for it but vis versa and if they decided to move it closer to people who were originally for it they will come up with excusses to why it shouldnt be near them.

@@treynolds94 Yes its very difficult, no location is ever the "right one" I personally don't have much insight on case studies of what makes for a good or bad location for this type of thing and or what the success / failure rate is of these types of projects but I'm working on learning and have to believe that some solution is better than none.

@@mitchclearyPTBO I dont think anyone really has any insight. Working within group home environments I know one client can bring an entire house down. The more homeless you have in an area the more chance of having someone that is homeless because of a criminal mischievious behaviour effecting the entire area and community in which they live. But not all homeless individuals are bad people but bad people are homeless so gives a bad name. People think of homeless they think of crime amd drugs which in most cases is true but not all the time. No one wants to walk outside there home and see drug use or crime.

Thanks for the comment. Without knowing your full situation its always hard to call it but my gut instinct is wait it out!

Thanks for the comment. I agree, in relative terms affordability isn't improving, and the supply issues persist. It's going to be a very interesting few years in this country!

Hi Yan! Thanks for chiming in. The rental market is surging while everyone sits on the sidelines, which supports the case that the housing crisis is still in full effect. I do believe once the new normal has been established for interest rates, people will be quick to bid the max they are approved for once again. I agree that government won't fix housing and high immigration is inevitable!

Yeah I agree as long as their signalling that rates are definitely on the rise, the buyer confidence will be shaky. Thinking about 6 months of price decreases seems like a long time, I'm certainly interested to see how many months in a row our inventory can continue to climb because the rental market is going crazy which indicates the housing problem is still alive an well even though people are hesitant to buy!

Yes I think we are going to overshot a little bit based on fear, and things will drop a little further than what is warranted from the interest rate increases. I think as soon as The BOC makes any mention that they are nearing the end of their tightening, things find their floor and inventory starts decreasing again.

Our discussion never hit this topic Rob. I wasn't aware this was an ongoing issue. What amount of compensation are the residents looking for?

Yes its certainly changing quickly. We as one city alone cannot absorb all the growth on our own it needs to be a province wide effort, but as we continue to talk about, more midrise is inevitable!

Hi Ferris - I've got some family out in BC, one uncle who lives on the Island. Everyone always wishes they could go back and buy at old prices. I think as long as someone has the long view almost all Canadian real estate is still a win at current prices. That being said we have seen a significant correction already this year and theres a chance we see it go further yet...anyone with a short term view might want to hold off to see where the new normal lands!

@@mitchclearyPTBO My mom lives in Peterborough, and she's going to move out here soon for the "no more snow" lifestyle.. Your show is excellent.. the stats, and delivery are outstanding! You would make an excellent news anchor/reporter if so desired.. BIg growth coming in your podcast/YT channel.. Thanks so much! :)

@@ferrisbuellersdayoff Thanks for the kind words Ferris, I hope the keep upping the game with the delivery and production quality but comments like those keep me excited to bring this stuff out every week so thank you very much! Of course, if your mother needs any help we are happy to meet up and see if we are the right fit. Cheers, Mitch.

Thanks brother, I appreciate you tuning in!

Hi Lucifier, are you attending Trent? Where is your home town and what kind of information are you looking for most?

Thanks Callum, are you in the real estate business out that way?

@@mitchclearyPTBO Yes! Realtor in Kitchener-Waterloo! 👍

Hi Tyler, very tough issues at hand in regards to the downtown. Me and Stephen talk a bit further off the mic on this point a little further as it is a very sensitive one and I believe he has some valuable ideas.

@@mitchclearyPTBO If you ever ran for MPP or Mayor you got my vote.

@@treynolds94 I appreciate the supportive words! I'm not sure that I would be the right guy for the job but I am going to continue to educate myself and hopefully the audience on the relevant topics at the local and provincial level!

@@mitchclearyPTBO we need to focus on the drug use. It is honestly just getting ridiculous. We are acting like we can get drug use to 0 at the expense of contributing members of society. We have how many methadone clinics in this tiny city how many overdoses. If your overdosing weekly you don't want help. Dying and being brought back should be enough of a wake up to stop but yet they continue cause they know they can. To get the next fixed they rob assault, and steal property of the people. If you try to stop them your the one that gets in trouble. Case recently with the off duty officer stopping that individual stealing and breaking a vertabre. Dont do the crime if not willing to deal with the consequences. We're becoming way to soft which is only making things worse. A safe injection site is not going to make things better. I will defs not be going down town with the drug zombies walking around. I guess DT will be great again to those using. We're just shooting ourselves in the foot.

Glad you enjoyed it Yuri! I agree that Stephen has a very deep grasp on the issues at hand and potential solutions.

I'm sure the BOC will reverse course before too long with everything going on but the contraction is well under way and won't stop on a dime!

Yeah things are really getting nasty in the stock markets and crypto world won't take long for spill over effects from that to start altering real estate decisions and compounding the downward trend we have going.