Відео

I have never understood why investors choose real estate instead of stocks. Stocks are a better investment. It’s not even close.

Most real estate investors have been led to believe that real estate prices only go up. They also believe leverage is always a good thing. And now they are finding out these things are not true.

Canada should only allow multi national hotel chain to operate in Canada. This way no one will be able to have any options for where they stay, and hotel chain can jack up the prices. By banning airbnb, it will ensure all the nimby’s house value go through the roof.

Knowing to not know anything and talking from the rear should be the title.

Love the fire from this guest. He is completely right. If the market can’t function at an interest of 4-5% (historically not high) then something else is broken. It is dead obvious. Too much tax and too much Bureaucracy.

Actually, all the PhD I know were calling a bubble. So, you speak to the wrong ones.

People on zoom have very low volume. Difficult to make sense of

The way you say Toronto area sounded like trauma area. Lolol

Well this zebra changed his stripes, what a complete different tune this idiot is singing. This guy is one of two things, full of shit or really really stupid. You think a guy with glasses that fucking thick would be able to read the data a little bit better. No news channels or social media people should be listening to this guy's nonsense.

Bottomline is the government going to bail out the banks in this condo debacle?

I really appreciate your excellent analysis. I am really worried about the next generation. I won't vote for governments that put investors (money) ahead of families. The Canadian birthrate is down to 1.23. A lot of ii has to do with not being able to get affordable housing.

IMO in any business relationship you need to be able to fire them or potentially litigate against them if necessary. If you feel uncomfortable with the prospect of suing your neighbour or family member it's likely a good idea to get another agent, and keep things strictly business.

Check condo prices in more developed countries. If people can't afford condos, how they can affor1.5-2.0M houses. Stop blaming investors and solve housing supply shortage.

theres lots of us waiting to buy...we will NOT PAY these ridiculous prices

Thank you John for keeping the way of Canadian life alive. The standards you keep stays with the generation that know and will keep. Whether it’s here in Canada or somewhere else.

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Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.

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At the end he sure mentions investors alot, as in not to blame.. What hes referring to is regular folks who are not rich investors, who are also victims to the system that WAS CREATED ON PURPOSE AND NOT BY ACCIDENT. The investors he is referring to are also victims. Because they are regular people duped into the get rich quick scheme, and ALOT are currnetly losing their deposit and getting sued by buiders. The investors are definitely not to blame. If i have to pretend our federal MPs are oblivious, havent studied economics, and not 100% selfish animals... I would say its mostly osfis fault. Fixed payment variable rate mortgages should not be allowed. Cmhc mortgage insurance should not be allowed, because it guarantees moral hazard with bank/mortgage lenders, and banks adjusting mortgage terms for house poor borrowers should not be allowed. The system is designed to get them in as much debt as possible, with no risk of losses due to cmhc insurance, and then trap in them in their homes, house poor forever. Its the same thing as how a car salesman is allowed to trick a 25 year old kid into buying a $60,000 truck instead of a $30,000 one. Its only another $300 per month. Youll get laid more. Girls will like you, your friends will respect you. Should be the death penalty imho. If yall want me to explain how our society is geared to put anyone in debt that you can. Do reach out. But every one operates within the given system and is not inherently evil. Just get that mf to sign the dotted line if their credit rating checks out. I recommend studying psychology so you can manipulate the youth more. Who cares if the kid doesnt understand how long a 96 month payment is. Commision and money is god

At 11:50 comments on the next generation of families that want to own a home... You're behind the times John... A huge percentage of young Canadians have given up on the dream of owning a home and having a family. The argument goes, of people in your society are happy and safe and can afford to live, then they will want to have children. One of the reasons our birth rate is so low is because regular working class Canadians cant afford a home or children. This is why it is so evil what the liberals/NDP govt has chosen to do to us over the last decade. Instead of happy citizens who reproduce, they chose to turn us into debt slaves, and they substituted the long game of Canadian babies with mass immigration of people who will work for peanuts and live 7 to a two bedroom apartment. I need to be a guest on one of these podcasts because I can explain economics and public policy at a high level.... CANADIANS CANT AFFORD A HOME AND CANT AFFORD TO HAVE CHILDREN AND THE SOLUTION APPARENTLY IS MASS IMMIGRATION? The liberals are gaslighting you and you're oblivious because you don't read. I hope you like seeing the foreigners battle in the streets. Because the joke is on you if you think immigrants are going to drop their historical beefs and join the Canadian way of life. Also, people comment one sentence because that's the average attention span. Nobody is going to read this. Might as well include another nasty truth, joke on the international students who were tricked into coming to "paradise". If you're a student at one of the sham schools operating as a puppy mill, youre definitely not going to get a job or PR status when you finish school. Sincerely, one of millions of frustrated Canadians

Interesting comments on the right way to build rental housing. What about the right way to have fair land prices in the country with the most land per capita in the world?

One of the issues that isn't being talked about enough is that the decrease in city of Toronto revenue from development charges is not temporary. It is off the books funding or municipality operating expenses with loans. First to the the builders from banks, and then when the project completes the speculator gets a mortgage. Municipalities shouldn't even be allowed to charge development fees. Because it's just a cash cow to pump up revenues when real estate prices are rising. Where are the credit rating agencies? Completely silent since the pandemic. Their purpose is to put borrowers in check to slow down excessive borrowing. Federal, provincial, and municipal deficits are a major contributor to inflation. I watch alot of news. Why are credit rating agencies completely silent when every level of govt is running wild deficits?

Thank you for your honest and thoughtful analysis that takes into account the generational consequences of pundits cheerleading policies that result in a housing bubble! Prices shouldn’t accelerate beyond people’s ability to pay. Wages haven’t kept up. Therefore average people struggle to enter the market, or end up house-poor. That is terrible for people’s quality of life. No wonder people are annoyed with the cost of housing. Thanks for explaining how we got here.

No one is flipping the Pre Sale. That's why it's not selling.

If the rate go down to 2%., everyone is buying

John, taxes/development charges have exploded all over the GTA. Cities in particular have become fat and lazy using this source to meet their bloated budgets. Other taxes have heaped on the expense. Municipal delays, Nimbyism and environmental over reach piled on more expense. Then.... no trades... Plenty of computer programmers imported into Canada but no one who can swing a hammer...?

Great analysis on the challenges in the current market!

Taxes are not slowing down the sales, but eliminating those taxes can help bring down the cost and price, which could lead to more sales and more supply.

The bubble hasn't even started popping yet. Spring 2025 will be the beginning of the biggest crash in Canadian history..

I guess no one played SimTower from the 90s. At first its easy money building condos, then they all sell at the same time and you are broke. Happens every time.

Is it good to buy or sell now ?

Only problem for investors is CRA has changed the rules for investment properties used as airBNB or short term rentals. The owners are NO longer allowed to deduct expenses from the airBNb menaning that all the rental income will be taxed without the benefit of deductions. These greedy MF investors are all screwed now royallly. Hence, this explains why so many investors have listed their condo for sale now. This is not an act of charity but the fact is they can no longer make money by turning their empty downtown condominiums into a short term rental. The playing hotel game is NOW over!!!! 🤔🤔🤔🤔

I love the points and they all make sense. Only thing I'm wondering is, what's the solution to fix the current housing issue? We can't go back and change bad policies, so what can we do?

You have to get land prices down. Open up the Greenbelt. Go back to what we had at the end of the Harris/Eves government.

John - you should try watch one of your videos from 2020 😅

why does it sound like broken record , repeating the same thing over last 2 years

Wow 😲 investors are evil now. Tell banks, they are giving mortgage left and right to the investors. Obviously, people trying to plan for their retirement and the financial planer also telling them to have your egs in different nest.

Condos are just a failed idea. How long has the idea been around? How long does a building lifecycle last? Not hard to see. It's a hot potato. Sometimes theres a building fault. Thats just a plain rotten potato. Allowing people to decide if they're going to pay now or pay later. Its not hard to see which way human nature swings. And discipline is a lost art.

A typical populist who offers no real solutions but wants people to think he cares. Investors operate within market regulations, as we can see now. If the government were financing, investing in, or heavily subsidizing rental projects to the point where it was not economically viable for investors to compete, they would not invest in real estate. However, everyone would then have to pay more taxes to support these projects. There’s no free lunch; it’s as simple as that. This has nothing to do with "motivating investors" through academics-that’s nonsense.

Really agree with John that people likes to pin the issue on a single trending topic, creating a "boogey man" for all their problems. There isn't a simple catch all fix for something as big as housing affordability, its an issue with a lot of heads that requires more nuance.

The first thing a builder will think about when they get tax break, is how to pass that tax to the buyer and not hiring his cousin and pay them 100K consultation salary. That is why the government should pass the tax break if any to the consumer directly.

Who would argue that investor-owners are the ONLY reason? I know John doesn't. But what's key and troubling is how investors are completely omitted from mention in so many quarters. Warren Buffet, hardly an anti-capitalist, warned about the moral hazard of ultra-low interest rates. Interestingly, the investment-housing nexus has induced a problem of a pattern that used to be confined to road-plannning: induced demand. Like automobile ownership, the investment-housing markets mean that no matter how much capacity you build, traffic will always be blocked, housing will stand empty.

This guy does not know what he is talking about. Do calculation, not ideology.

You make excellent points that look at the real world, not wishful policy by academics. In Canada, we pay far too much attention to policy makers and academics rather than entrepreneurs and business people. Almost all the talking heads on shows about social issues aired on TVO and CBC are the former. It's as if publicly funded news outlets feel they have to justify the tax dollars spent on them by consulting exactly their own type of people - publicly funded "experts." This is wrong-minded and not the case in the US and other, more entrepreneurial nations. Knowledgeable business people should be consulted far more than they are to voice potential solutions to . I hope this starts to change.

One house gets sold, and it's a boom in sales, and prices will go up. Better buy now.!!! -Realtor ..

This guys take is 100% wrong lol. Everyone loves to cry about the guy that sells the candy bar, or the guy that owns the candy bar....... never about the cost to make you your own candy bar....... if someone could make you a candy bar for cheaper than the current price, you wouldn't care about the guy that spent top dollar for a candy bar. Cost of construction (and all the new taxes) are the actual problem. Investors have no say on the cost to make new stuff, always hilarious when people try and place blame there.... this is where this guy goes way off the rails. There is no difference in cost of getting a builder to build a fourplex and PBRing all 4, or the builder building that 4 plex and selling each unit separately to separate investors and then those investors renting out the 4 units... the cost to build both of those scenarios is the same. Investors didn't increase the cost of anything, the builders (and the cost of inputs like lumber/labour) did. This guy also wants you to buy resale that is off of Tarion warranty...... a car that is 5 years old is priced far lower than a new car because it is off warranty and you don't know how well that car was treated by the original owner. If you want to go cheap, go buy a 1990 toyota (or a house/condo built in the 70s which is low in price but has more square footage). When you buy resale that is in that 2-5 year range, you are paying top dollar for something just off of warranty. Rest assured if you have 800k and you have the choice between something with a warranty (presale brand new), or something just off warranty (2-5 year old resale), people will pick the brand new item every time and thus far more demand if the pricepoint is anywhere similar... so there is always a price difference between new and used. New stuff also always rents for more than older stuff.

Employement is low, high income jobs are scarce, inflation is high, immigration has decreased, rental yield is coming down..Either its an artificial demand or bad economics

De-Regulate Housing Development by dissolving HCRA. Remove City Halls from Building Processes and Permits. Amalgamate Cities/ Townships in Ontario 444 to 99.

am bearish on Steve's hairline

no, housing market is dead forever