Rate Cuts!! What It Actually Means For The Canadian Housing Market
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- Опубліковано 30 вер 2024
- The Bank of Canada cut rates this week, and signalled more ahead. What will this actually do to the housing market? Ignore the noise, the math has not changed. Investors are still on the sidelines, bankruptcies are still going to keep increasing. Fixed rate mortgages need to move lower and they haven't yet.
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Great video! For 2024, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my $450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you?
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 ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..*
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
Thanks to my co-worker (Carson ) who suggested Ms Christy Fiore
She's a licensed broker here in the states🇺🇸 and finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
I've always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of UA-cam videos about it but I still find it hard to understand
My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. With Samantha Jack, my portolio is doing really great and im proud of the decisions i made last year.
gram with her username
Fxsamanthaj, that's it
At nicegram
Don’t listen to these real estate agent. Already pushing FOMO and telling people buy buy buy. It’s these kinds of ppl that got us into this.
Thats right play the blame game. Everyone else is problem but yourself? Give me a break and grow up
He barely finished high school.
I found renting was more annoying.
Spot on Steve!! Great episode.
You tube is a forum to gather information to make decisions. Dumb people go to you tube and use this information solely to make personal decisions. 🤯
Forget the interest rate cut, wait for the unemployment to rise, followed by defaults, which will be followed by a drop in real estate prices. Then it will be time to buy.
Agreed. 20% correction is needed.
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
My CFA, Desiree Ruth Hoffman, is a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
Melissa Jean Talingdan is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Linda Wilburn program is widely available online.
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
It means we all get poorer and our dollar tanks
It means the BOC feels a recession coming
@@Observer168 The recession is and was coming anyways. There is no way around it. So they created an asset bubble in housing and to ease all the FOMO home buyers and lowering their rate although minimal impact as it will be.... There is no big changes aside from devaluating the $Can and making anything else we import cost more and setting up inflation to rise again when they do not have control over it yet. NO ONE forced them to buy more expensive and bigger homes. it was a bad decision and now they do not want to face the facts that their homes is not worth what they purchased.
Can you explain the relationship between lowering interest rates and the value of CAD?
@@vascogamero530you can make more interest on another currency so it makes the Canadian currency less valuable.
@@vascogamero530Forex markets are just like any other markets
I sold my 2 houses and have been making 5% risk free for the last two years. No renters to worry about, no repairs, no insurance, no property tax. I sleep well at night.
That’s the whole point of investing in real estate. You can sell after decades of owning and live a stress free retirement. Congrats dude!
You can make 10% in buying the s and p index.
Enjoy the Cap Gains
@dman9416 I wish it was capital gains. All income dude.
@davidrockefeller2007 I have enough in securities, thanks though.
Grocery will up if exchange rate down 😢
Steve needs some sales bc sales are at a 10 year low, is that where his Buy,Buy, Buy comes from?
Me no putting a single penny into Canadian housing market, no way jose, what a trap!
Recently we bought a property in Vancouver area and were able to cut the price down around 5%. Our real estate agent tried to shame us for that ( that sellers might thing we are not serious about buying, that is not "normal" etc ...)But when, previously, we wanted to submit offer for another property the same agent tried to push us 140,000 over asking price.
This is the current Vancouver reality...
Think with your own head. Sellers are very greedy. Many properties that were not sold for months are now relisted with 100,000 or more over the March-April prices. Do not fall for FOMO agent's "advices"
Vancouver the city of regulation, they make rule for construction and permit a mad-maze for entrepreneurs, is the law city's that's creating the lowered of offering! People in Canada are too stupid to understand the rule market of demands and offer, they're let politics fools rules that diminished the offer! Now more and more needles are found, it's the only thing free give to the population by Vancouver politics!
I agree. I believe that the current housing market situation is partly to be blamed to the realtors. Imagine adding 5% eeverytime a property is sold just for realtor cost.
Make back what I lostitis.
They can't accept a loss. It's gonna be brutal when the cartel's sell. They'll wish they had taken a 10% cut.
I bought a duplex for $240,000 below asking in 2018. The price was cut 3 times, then it was announced Trans mountain pipeline was being canceled and sellers were panicking. Everybody told me I was an idiot to buy a house there at that time. Everyone thought prices would go down even more.
I stole the damn thing. 10 year old 6 bedroom duplex, 2 complete seperate units for $420,000. There was already a buyer that backed out once. The seller was losing his mind. I barely qualified for it, could only offer 420k. My realator was like "lets just try" her pitch was, I have a buyer but he can only qualify for 420k take it or leave it. They accepted.
If prices actually start falling in Vancouver and Ontario it will be bottomless and realators know it.
Sounds like you have a terrible realtor who is not acting in your best interest.
Don't forget that Tiff said that rates would "stay low for a very very long time", and not that long ago
It’s all Bs
Well, one could argue that these rates are also relatively low. I don' think they are, but maybe that is what he meant :)
@@jupitereye4322 your comment is being Shadow banned. I'm not sure why.
Yes rates are lower than the historic average
Tiff is a liar and an idiot, typical of most people within the federal public service.
@@Picklemediathis is one of the funniest lines - what history? Rates are the highest they’ve been the last 25 years. Just because rates are low compared to 50 years ago…not sure that history is relevant - the world, government printing/spending and debt has dramatically changed in the last 15 years so the last 25 years is plenty of history.
Cannot wait to leave, what a leech pit.
Dollar lost nearly a cent this week to the USD so that’s at least a 1 percent increase on all goods prices in USD going on the next cpi report
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task.
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
This sounds considerable! think you know any advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
People are waiting for 3% interest rates again, it will take another 1 percent at least. Our dollar will be 65c by then, and housing will have inflated accordingly., so nothing will be more affordable (not to mention, another million immigrants by then.)
how does housing go up when disposable income is down, please?
@@edubmf demand exceeding supply - more immigration. Also more printed money (which is what government deficits essentially are). Also it’s a global market, as the Canadian dollar drops, our housing attracts more investment. It’s not going down anytime soon, this government will always bail it out, Trudeau said it himself.
@@edubmf you don’t know Canadian household savings is at a record $350 billion? Yes some are broke but there are definitely a ton of rich people.
@@Observer168 not enough to keep this pyramid scheme going
@@mkyhou1160 I could write a bot better than you in 10 minutes, every single Canadian finance illiterate trope in one paragraph
"we don't have a target for the exchange rate, we have a target for inflation".
Genius...! And when the C$ reaches 65¢ and we import 15% inflation...?
What then?
I actually think the cad will outperform usd in short term
Steve is super low IQ
@@brianpereira7483Why, greenback is the world's reserve currency and also the US is an oil exporter now. Interested in hearing your thesis.
@@brianpereira7483 What colour is the sky in your world ?
digital dollar CBDCs go online....like they planned
Another mistake from our horrible BoC. A political maneuver to help liberal gov.
Should or could have waited Fed move.
Realtors … chased a boom and are now having to suffer through the bust. I have little sympathy for them given that they’ve gotten a free lunch for the better part of a decade at the expense of affordability for those who don’t own. Am I supposed to be cheering on us throwing a large tranche of society under the bus? That’s gonna be a no for me, dawg.
Real estate investors are going to get crushed in the next few years.
No worries, Fraudsters are gonna come and save the market.
Expat up to the Island from California. We visit my mom here about 6 times a year so your Loonie is great for me. Might even buy a small place... 900 CAN is less than 600 US. My advice... save your loonie and save Canada.
You remember pent up demand? How about pent up supply. Let’s see what happens.
🤡🤡🤡🤡🤡
70%+ mortgage renewals coming up in the next year with payments going up 40-60%. I would say supply is about to increase in a huge way
You know what happens Jeff
Only real estate agents & brokers fixate on sales…home owners focus on price! This is what a market bottoming phase looks like.
Been waiting three years to get into the market. Finally bought a house with a seller in distress needing a quick close. Listing price below market value, 2 days on market, first offer was mine, seller knew not many offers for her quick close. She took mine.
Interesting
Tanking Can $ creates its own kind of inflation
Fix rates will NOT go down for a while, banks want a return on investments.
From the beginning, I have been so shocked that people were looking at their on paper gains with dollar signs in their eyes, completely unaware, that the purchasing power of their dollar was getting ground in the dirt.
100% true
People who have cash waiting for price to crash to buy they are losing the value of this Money, put your money in hard assets before it’s too late
Imagine if this country actually focused on production instead of shelter.
Who is foolish enough to manufacture anything in Canada? You got entitled workers that don’t want to work plus insane taxes and regulations. It’s impossible to compete with China unless it’s very high end like the stuff made in Italy or Germany.
More free market. More innovation. More competition. Instead of the only thing going, asset inflation of... Wait for it... Our abundance of dirt.
Most people are too lazy to produce anything while on the clock.
You are 100% right. There is no talk in this country about how we are increasing production, creating valuable goods and services and new industries and jobs. Its all about housing costs and new taxes. When a country has 20% of people working in the government which does not create revenue but rather draws it from the productive part of economy...how is that going to lead anywhere good?
@@TheJstaplesCanada is a terrible country to produce anything. The cost of doing business in Canada is far too high. You can’t against manufacturing in China or Vietnam unless you make something that they can’t.
The math has not worked for over 10 years but prices still went up.
People generally buy because where they see prices going and if rate cuts are coming and immigration continues ,prices will slowly go up !
They are actually seeing prices going down. Who is going to catch that falling knife on leverage?
Lets talk about Organized Crime in real estate
Stocks beat rental real estate by a wide margin. It’s not close.
Nobody really owns their stocks... look up the great taking book
@@ebensteven8138 nobody really owns their house or land either lol
@@ebensteven8138 The great taking is a re hash of old information.
Pair it with "crossing the Rubicon, by Michael C Ruppert".
It's absolutely crazy what these guys and gals are up to.
@@donm2067 unless you're indigenous 🤣
GME 😂😂😂
This country is stupid. No innovation or business development and the main focus is investing in real estate. So stupid. Also, walk around Toronto or Mississauga and see the amount of boarded stores there are. We go down a quarter of a percent and people think we should spend, spend, spend.
Two of my competitors that started in 2022 have already gone bye-bye.
What do you do?
@@donm2067 Property Maintenance
Signs of a recession
Blah blah blah, desperate rhetoric.
I want to thank Steve for going fixed mortgate rates a few months ago.
I locked in 3 years at 5.5 a couple months back. They offered me 6.8 at one year with the option to refinance after 8 months. I did the math and realized the interest rate would have to be cut by 1 percent in 8 months in order for me to save any money. I don’t think they can lower that much that fast without tanking the CAD
This was exactly the same case I had a month’s ago!
letting the CAD tank = inflation!
We import most of out goods from the USA. If we have a $0.50 to 0.65 vs the USD = you pay way more.
We should keep rates the same and having the BoC and Trudeau eff with the rates will cause more problems. Buy silver, gold, btc, and maybe USD before they get too expensive.
even for things you don't import, produced domestically, they *could* be sold outside Canada at a higher price and therefore you must pay more
@@edubmf makes sense
High interest rates also causes inflation because businesses pass the cost of the high interest onto consumers
@@Observer168 Maxi is laying off staff
@@edubmfthanks to the rate hikes we are headed into a recession which means we will have more rate cuts soon
Tif is doing alot of dancing!
There wasnt any cuts, the bond market is what to follow and not the overnight rate
In my view it now doesn't matter much if the US Fed cuts rates lockstep with Canada or not..... if Oil continues to track lower the Loonie is headed lower into Mortgage defaults/insolvencies and a weakening DEBT reliant GDP into resurgent inflation....... Full Stop !
Inflation is barely under 3%, Food/rent/gas is still astronomical. So they cut rates, buying sentiment will grow in single family units.
But the buying and selling in single family homes never dipped in sales, its all the condo market. The condo market will still be slow after this, the investors want OUT. So all this does is make the single family market even hotter.
However now with more money going into the market food/rent/gas will inflate even more. I could see inflation jumping to 4% next month, this will probably spook the Canadian bank and they will do one of two things. They will either go all in and cut more to try and make it seem like the economy is better then it is. Or they will knee jerk and raise rates again, and I could see them raising them by 50 points or more to try and get inflation under control. Shock the system and kill all demand.
We could see the crash and the smoking gun from this stupid rate cut.
Food, gas and rent will remain high. We are getting rate cuts because the economy is cooling and we are headed towards a recession.
@@Observer168 I agree, but cutting rates will just make these things more expensive.
I’m old enough to remember Steve thinking the entire economy was going to blow up if interest rates increased 50 basis points.
Bank win, Canadian loss
Im now paying attention closely to spikes in unemployment rate..we been tickin up since April 23' . Stat Canada now has us ticked up to 6.2%..This can be the difference maker for all markets not just housing
as we bring in thousands of third world low skill workers daily
Spot on
The USA is headed into recession and will be forced to cut rates. Hundreds of thousands of highly paid workers have already lost their jobs in the tech industry.
The Bank tried hard to avoid mentioning that a lower dollar can act as an import inflation mechanism. A run on the dollar will lead to higher inflation and a classic Bank reversal. Go ask the BofE.
We need price cuts not bank cuts
nobody builds anything during price decreases....and the supply shortage continues to get larger
@@GreenBeanGreenBean Bullshit. People build regardless. When price drops, so do prices for materials. Greedy builders and developers lying they cant build because they want maximum gouging profits. Fuck em. Let them go bankrupt. Lots of new builders and developers will replace them.
Price cuts won't happen until supply increases or we drastically cut back on immigration.
Nominally same dollar value of a propertywith a sinking dollar is not recipe for happiness. Hence liquidation.
Price will remain unchanged and mortgage unaffordable but some soft heart will fall prey to real estate agents. How the system work if a worker average pay is 40$ and do overtime to make $10000, the amount he or she carry is less than $ 5000 with that he has to pay mortgage, insurance, tax, property tax and left with debt while if you don't work and 5 kida you make $7000 and a red card you make another $6500. This economy will never work.
If anything this cut is going to cause a ton of over leveraged investors and owners to list and SKYROCKET inventory...
He just did his buddy Justin a favour... totally political coming into an election...
This is called "Damn if you do. Damn if you do." Interest rate cuts will bring back inflation. There is no way out.
I think rate cut is just a like a confirmation that the rate will go down. J. T also said the housing pricing needs to stay at their level, this is a better comfort for investors. A lot of investors ran negative on their rentals. Most are betting it will go higher, if not, why bother being a landlord?
One of my favourite lines by Steve "Bullish, Bearish, don't really care".
Everyone concerned for canadian dollar whereas Bitcoin is up 163% in 1 year span. People should be wise with their money and study where to save. Have a good day.
1 million dollar BTC will happen in CAD while it remains 70k in USD at this rate
Well I hope it doesn’t get that bad but it is a superior saving technology.
some people will never have much, they’re too cautious
😂 Yeah ok. They're cutting because the economy can't handle it, that's bad news. Now is definitely not the time to buy.
I'm starting to get the BS sniff from, Mr. Tiff that has a familiar ring from the "Interest rates will be low for a long time" days. He knows full well that a low Canadian dollar = more inflation.
Natural gas prices are lower in the USA than in Canada for going on forever now. I'm not sure how no matter how worthless the CDN be made to be if this will ever change as well. Meanwhile in the USA a whole lot other prices are now falling.
what if the TikTok agent is telling me buy a condo while lip syncing to Taylor Swift….then its ok, right?
Means nothing reality
Living and housing overpriced by 25 years
Interest rate cut cycle is on . No excuse to say bank of Canada will not cut rate .
Thumbnail made me think that he lost his mind for a second lol. Good takes on the video however as usual.
The only reason "investing" made sense was the price appreciation.
Without price appreciation, investing has not made sense for over a decade lol.
currency debasement has been happening for 200 years.... people shocked about this are clearly clueless. It is the value of your $ going down, not really hard asset prices going up...... and if you think currency is ever gonna buy more stuff for your $ you got another thing coming.
@@GreenBeanGreenBean yeah, not by that much. This argument reminds me of the movie casino, "Either you're in on the scam or youre too dumb to see the scam, either way you're out, you're fired".
I'll agree it will appreciate, but not like Bitcoin, it's an obvious speculative bubble. Otherwise people wouldn't need free money to keep it afloat lol.
Please your rebuttal.
@@donm2067 you lost when you said bitcoin.... that has no usage other than true poppy field investing... and yes, I know far more about bitcoin than you do
@@GreenBeanGreenBean okie dokie smokie.
@@donm2067 the mere fact you think bitcoin isn't a spec play and you think real estate IS a spec play.... shows how utterly uninformed you are.... seriously.
do not give out advice... ever.
there are already thousands of alt-coins that have no value and bitcoin is no different.... and more can be programmed at any time.
meanwhile, people that say real estate is not a productive asset must also think doctors are unproductive, because they don't actually produce anything, but they are in fact productive and provide a value... much like real estate.
bitcoin is the literal definition of unproductive asset that is a complete tulip craze fest that will die out eventually as people clue in it isn't useful for anything.
Means houses are going from 1.4 million in my area to 1.8
Don't buy... prices going lower....
Many peopel trying to sell because of capital gain tax
What happened to the big scary housing shortage?
The politicians that own many properites will never let home values drop. NEVER. Jagmeet Singh and his wife own multiple properties across Canada and rent them out.
They rent out the basement of their house because they don’t need the space. And they rent it at below market to a young family.
That’s their only residential real estate.
Am I the only one who thinks that financing rates should be lower for construction and business use than housing and land purchases for non-productive purchases? Like a developer borrowing at 4.75% and a mortgage holder paying 5.75% makes sense to me as it makes more sense to view homes as places to live and less as investments.
That makes no sense to the bank. Construction loans are high interest because there’s a chance they can’t compete the construction and an incomplete property isn’t as valuable.
Dude I was calling for end of 2025. I gotta get a truck load of twinkies . Lol. This is bad news it means recession. People can bull all they want, buyer beware !
USA is headed into a massive recession and will be forced to do multiple rate cuts once it’s too late.
another 5 years at least no correction.
This video didn't age well.
I live up in Parksville average home price just broke 900K for first time and houses are still selling
This is mind boggling to me
It means we ll have Re-Inflation while unemployment ticks up, its up to 6.2% now
Only 900k? I'm in Toronto but the location of parksville seems nice??
Parksville is on Vancouver Island super nice location. It’s a very small place and the jobs are not the type of jobs where people can afford a $900,000 house.
Canada is still the best place for hiding dirty money. It's firmly entrenched in our financial system
@@StephenRoss-po1rp
For ppl who can work remotely
Don’t we want less investors buying and more families?
If CAD continues to weaken, inflation continues to rise and peoples purchasing power continues to buy you less over time. Literally everyone becomes an "investor" to protect their wealth. Which is why it continues to be parked in homes
I think the banks are setting people up to get a variable mortgage and rates will spike up again in the next couple years. Gain liquidity before the big crash. Bookmark this
You can’t hike rates in a recession and we are definitely headed into one.
Keep cheering from the sidline bud
@@Observer168 1970s would say otherwise
@@theslyrylanthis isn’t the 70’s
@@Observer168 agreed it will be worse. CBDC coming after interest rates go to double digits. People will cry for it
This is the smartest piece of information shared yet for housing market. This is a very smart man not pumping anything but very informed and knowledgeable professional sharing how it actually is. I follow as an investor the BOC and Fed and its effects and I gotta say Im impressed with this vid and man
Doesn't matter what he thinks though. The Market will do what it does
@@tylerjodeblock1224 or what those trying to control it think, cause regardless the market will do what i will do..soft landing? guess again imo
Excellent update as always.
We are in a recession as a result of low rates....its like groundhog day .......In 1980s Ronald Reagan increased the interest rates to control inflation ..not a popular move, but a responsible one......
His comment at the time was " If not us ,who?..If not now, when?"
Sweet f all..
Untill the americans start to see a slow down, it might make sense to have some exposure to USD Equiity/dollars via low cost index funds such as VUN.
The party is back!!!!!!!
Let the liquor flow
Our masters and owners benevolent central bankers truly loveeee❤
Fixed rate mortgage is affected by short term bonds. But bonds price is gradually drop
could we see a situation where investors are disposing of condos in masses that significantly brings down the value of condos to a point where owner-occupiers can now finally get in there and buy at a reasonable price? Secondly, is that kind of correction not good and healthy for an overleveraged country like Canada? Ultimately, I see investors being the big loser in this situation unless something change drastically to spur inflation again and the BOC is forced to raise the rate.
Professional asset managers for family offices and institutional asset managers are not interested in Canada. We’re completely out of the market and invested internationally. There is no thesis to putting money to work in Canada relative to far better options elsewhere. On a global basket level, Canada should never be more than a 2% weight anyway for portfolio construction reasons, and right now Canada is just a giant risk and showing it’s cards (ie, being forced into a premature cut is not a good thing. It’s like doing a grip strength challenge and Canada’s arms were shaking the whole time and it was the first to have to drop the bar).
Nobody talks about pent-up demand and impacts on consumers trying to meet housing needs.
Here in Australia negative cashflow is all part of the game due to our generous tax laws.
People just hold their breath holding the hot potato .
People who make money out of people‘s borrowing are happy now huh? 👎👎👎
I have to laugh at all the people who locked in their mortgages right at the top 🤦🏻♂️
its a mistake to cut so soon. its just kicking the can down the road for another 10 or so years
always insightful Steve!
Thank you for really correct analysis
Steve: be their Teacher = FRAUDS CONTINUES
Saretonomist taught by Saretidiot.
Smoke and mirrors.
Steve's the man!
WE LOVE YOU STEVE!!!
Great video Steve!
Got Gold? 🧐
Good luck getting 3 year for 4.99%
Widely available from big banks and credit unions. Even lower than 4.99% if you push or use a good mortgage broker.
@@TyrantPapa nope maybe 5 years look again Nostradamus.
@@dman9416I’m literally closing a purchase in 2 weeks with a 3 year 4.94% uninsured. I had the deal done with 5.19%, but fixed rates have come down so my mortgage broker was able to work some magic.