Statistics Canada: You need RICH Parents to be a Homeowner in Canada

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  • Опубліковано 17 лис 2024

КОМЕНТАРІ • 21

  • @kevinbarr9933
    @kevinbarr9933 11 місяців тому +3

    "The Rich get richer The poor get prison" Jeffery Reimers His classic book is an interesting read!

  • @duttyboy03
    @duttyboy03 11 місяців тому

    Zhen is one of those parents. He’s rich!

  • @cindytse9661
    @cindytse9661 11 місяців тому +1

    It's common sense, we don't need researches to know. Kids with rich parents are more likely to be successful in education, work, business, IQ, etc. It is unfortunate.

  • @DorathyJoy
    @DorathyJoy 11 місяців тому +2

    fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

    • @hersdera
      @hersdera 11 місяців тому +1

      Agreed, instead of panic or following a hearsay, I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $900k after subsequent investments.

    • @hersdera
      @hersdera 11 місяців тому +1

      I have been working with ““Margaret Johnson Arndt”” whose expertise in portfolio diversification is unsurpassed and client-focused, I have made more profits with her guidance than I ever did when I tried navigating the markets on my own.

    • @SandraDave.
      @SandraDave. 11 місяців тому +1

      I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

  • @John-bq9jh
    @John-bq9jh 11 місяців тому +1

    Immigrants aren’t coming because they have no rich parents. Prices are way too high even at lower rates. Just wait until things go back to historical averages. Governments need to kill the housing market so that kids without rich parents or immigrants can buy a house instead of perpetual renters. Canada is not a healthy country. If I was an immigrant actually I was back in the sixties I would never move to Canada permanently but use Canada as a stepping stone to America. Oh, aren’t immigrants doing that now?

  • @JimmyProLLC
    @JimmyProLLC 11 місяців тому

    Taking a second mortgage to provide down payment for someone even if it’s your kid is shameful.

  • @eb9844
    @eb9844 11 місяців тому

    How come you continue to keep spam comments? Always some gimmick about how someone made money off some investment and to reach out to some bogus person. The names keep changing. I hate that someone naïve will fall for it during these desperate times.

  • @SarcasticLittlePrick
    @SarcasticLittlePrick 11 місяців тому

    Hey Poor people go to Heaven.

  • @7966016
    @7966016 11 місяців тому

    If you are even lucky enough to be able to buy a home with 20% down, the Canadian economy is so bad that it will take a very long time for it to correct, and unemployment will rise. You will be heavily in debt for 30 years with a good chance you will fall on hard times in that time frame! When your average mortgage is $800,000, it will not end well for you. Property Appreciation for your property will highly likely not appreciatie for a long while, possibly depreciate!

    • @PrimePropertiesTO
      @PrimePropertiesTO  11 місяців тому

      Or you own the home you live in when you retire?

  • @maxgong009
    @maxgong009 11 місяців тому

    Thanks the bank of mom and dad ❤️😁😅 lol 😆

  • @yoonse21
    @yoonse21 11 місяців тому

    Or be good at only fans!