Are investors fleeing the housing markets?
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- Опубліковано 13 чер 2024
- John Pasalis, president and broker of Realosophy Realty, joins BNN Bloomberg to do a pulse check on the Toronto real estate market.
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As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
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.
@@BrianAlbert-hh3pi 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.
Investors? It's more accurate to call them scalpers
And call you a communist.
@@DrMarkyMark what's the difference when the tenant is poor and the house is a slum
@@kevinroy1736 The government has many programs for poor people. Do you expect investors to provide 5 star services to poor people who can’t pay? Poor people get what they pay for!
@@DrMarkyMark try using an insulting word when attempting to insult someone 😂😂😂😂
@runningfromabear8354 who said it was an insult? I truly admire communists. I know a few of them, they have very fortunate lives. I could only dream of having rich parents, my college and rent paid for as well as rent. All the communists I know are doing very well! Seems like a lot of the investors are millionaire communists from China, and clearly if one person from China can afford a million dollar home then they all can because they make the same wage right? Brilliant system if you ask me. No wonder the kids work from age 5
People in the comment sections talking like sky is falling. We have been there before and we will be there again and again. This just means money will be going to the stock market instead of housing. Good for stocks with dividends.
Heres a few points to consider. Housing price to income has vastly separated in a negative direction compared to years ago.
Inflation is running rampant. The government says 3/4/5% when in reality every living person in Canada knows this is simply not true based on the items they choose to calculate it changing to keep the numbers low.
Global debt is increasing exponentially not even just for future Canadian investors and a lot of sources claiming that (in the US from what Ive seen) they are the worst off financially in terms of savings.
April 1 2022-March 1 2023 5.9 million visits to canadian food banks. Thats showing a vastly increasing percentage of people being pushed to poverty.
Commercial (not residential) real estate is beginning to slide downwards as our GDP does with the revised numbers.
Credit card delinquencies way up too
Canadas national debt also increasing exponentially under the Big T.
14+ years since last big market falloff (usually much less time in between)
Canadas productivity decreasing big time over the last 8/9 years under T-Dawg.
None of these good things man Canada is definitely hurting.
What!!!! No one is willing to spend 800k on a 500 sq ft box in the sky …? Shocking.
Looks good on all these speculators ,hope you loose your shirts..
I hope they lose their fillings
You sound bitter Who hurt you?
Stop and think for a minute if these “speculators” weren’t buying most of the new developments who would.
You should actually be thanking them as if they weren’t buying them developer’s wouldn’t have any reason to build.
Imagine no condo been built in the past five years, if someone need to buy a place you might need to be on a waitlist and we know what demand do to price
So raise a glass to all the speculators that make it possible 🥂
@@MarlonYonge prices would adjust for the people who might actually want to live there.. i have nothing to lose and everything to gain in house prices dropping like a rock across the board..
The "speculators" are people who take on risk and as a result condos get built which creates housing supply. If speculators leave the market then no condos are built, which is happening. See how you like the price of housing, including rental rates, in 2-3 years when those speculators you hate are gone.
@@maxothegreatwheela Bullshit. Housing as an investment is what created the bubble in the first place, if housing prices crash they will only crash to the point they are affordable for people who need homes. Canada is literally full of empty condos owned as an investment, empty because its easier to just hold an empty unit to sell later than to rent and deal with the headaches of being a landlord. This has to stop.
lmfao without the floodgates of international students to rent them whos gonna pay the mortgage?
and then theres whos gonna buy the property thats leveraged lolol. hilarious.
exactly you're right. international students get deported. these landlords will then sell . normal Canadians can finally buy the houses at a normal price
what makes you think international students are the only tenants out there white privileged cisgender
They should have thought about opening a business rather then buying cookie cutters..
@@Yaz674 they did open a business...
They started rooming homes for international students masquerading as a hotel/Airbnb business... It's a lucrative business housing international mba students
Who said they would stop international students. The liberals (Mark Miller) only said he would not allow further growth in the numbers. Even that came with making all current students permanent Canadians. The liberal government will continue to accelerate newcomers to Canada. The liberals want to bring in another 20 million new Canadians in the next 10 years alone.
Everyone that had a house pre covid hit the jackpot they can sell their house and buy a new house no problem but first time homebuyers will never have enough money to buy a house, the house prices went up too fast for the first time homebuyers to ever be able to afford, i blame the realtors for pushing the bidding wars during covid some even got caught having their family members bid against clients its all corrupt
Realtors dont pish bidding wars genius the sellers wanted that, and its a selling afents job ti sell for as much money, blame trudeau
@@AA-kq6dpsays the realtor.
I know the buyer side and seller side pushed the bidding wars.
Blame Trudeau? Blame the real estate industry.
@@AA-kq6dp Blame Trudeau for a housing bubble that we have been warned of for 50 years? Okie dokie.
of course nobody in their right mind is buying micro condos built with band aids and toothpicks with condo fees of +900 CAD and going... nope, I don't want to risk dying overleveraged in that tin can with my family.
Why are they blaming the government for what investors bought and and builders built 😂
Because government controls all
100%
Yup, everyone was investor in gold rush 4 years ago
That is the best news for housing! The terms "investor" and "investment" are wrongly used in favorable light. The only real investor are those who add value to the society like by generating employment or adding to the GDP; not just adding to his/ her own net worth by making money out of money. Gamblers are not investors.
This is a view. Investors get things done. They make decisions and jump into the market. Communist like you want government to increase red tape and buy everyone a house because everything is free. If you like communism move to Cuba or North Korea.
The problem is that no one builds significant amounts of housing without investors.
@@DrMarkyMark
I have made my retirement by starting 3 small businesses over my lifetime. I have employed hundreds of people and contributed greatly to GDP. I paid my house off in 10 years with the profits and never relied on RE to make any money. My house is my home, not a chip in my portfolio.
Does that make me a communist?
My wife grew up in communist Poland and I find the basis of your reference to it offensive.
@@user-vi8ci2bi6b You sir, are offensive and supports attacking investors, and making distorted arguments about what is a good or bad investments. The alternative is to for the government to own everything! That is communism. Trudeau has doubled spending, how has that worked out. The housing crises is 100% government caused demand by in reading immigration by 4x!
@@user-vi8ci2bi6b Generation Z, which is this new young generation today, that are spoiled, useless, usually use words like "racist, communist" and so on, but are hollow heads. You did great for yourself good for you.
Lower interest rates...........does not matter. Do not buy
Yes, keep renting.
@@babyjeero123 Exactly, there was a genius report the over 90% of rich people are home owners. I have never been rich but I save my money, and I invested in the stock market and purchased a duplex that I live in, and I drive a 14 year old car, and I don’t go on vacations that I can’t afford. I don’t want to have to pay for a renter who has a Tesla, goes on vacation every year, gets Uber eats delivery for a Big Mac, goes to Starbucks and does not save anything.
@@DrMarkyMark
Small habits make big changes over time. It’s just a matter of time when the wealth gap in Canada increases. Trudeau even said himself housing needs to be affordable but house values cannot decrease. the baby boomer generation that have their house as part of their retirement plan will vote for whoever keeps their house values high.
Its hard for me to believe that 67% of Canadians who are current homeowners will vote in a government that will decrease their biggest asset to potentially help people whom they will never meet or help the millions of new immigrant/refugees get into the housing market
@@babyjeero123House values are because of government demand driven immigration. Canada has 10 m newcomers in the last 15 years and Trudeau is now looking at adding 20 m in the next 10 years. I agree that Trudeau wants higher house prices because all levels of Governments are getting huge taxes for this. 1/3 of all new housing cost is government related charges and taxes. The big plus for Trudeau is that higher value means the middle class is willing to pay more taxes. Trudeau and every level of government has doubled in the last 10 years.
@@DrMarkyMark
I agree.. The worst part about the housing crisis is the very people who are able to manipulate it with interest rates/immigration/taxes are the biggest winners of property values. If I was in working in government yes I would invest heavily into housing where I can control the above 3 factors mentioned above.
So no housing will not crash and yes baby boomers will vote whoever protects their retirement plans the best. They are the biggest voters as well
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!
Soon, cheap homes won't be cheap anymore because prices today will look like dips tomorrow. I think inflation will cause panic until the Fed tightens its grip even more. You can't just pull the band-aid Off half way. Booms and busts are the ups and downs of the economy, and they will affect any investments. If you are at a crossroads or need honest advice on the best steps to take right now, it is best to get counsel from a financial expert.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence 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.
Condos are a terrible investment. As it gets older the maintenance fees gets insane. You are financially responsible for what your stupid neighbors are doing. You don't get to choose what and when you do things. The quality of your neighbors worsen as the building age.
Add condo fees and additional costs for building up keep. This is a tough market
Buyers, do not over pay.
Puyers mainly are previous sellers with huge profit so they will overpay because they can !!
Problem is that everyone is accustomed to low rates and housing prices only going up.
I'm surprised prices haven't completely dropped to pre-2015 levels with how much inventory there is. I've been making low-ball offers on a few resale condos only for the sellers to then take the listing off the market because they don't want to sell at a loss. Eventually the sellers will have to face reality and bite the bullet or they can risk going bankrupt and then the banks will be holding big leverage on the books.
If prices don't drop, the banks will be having a huge crisis on their hands and it can affect the entire economy of the country. This is what leads to mass layoffs and Pension funds getting dwindled.
Unemployment rate is on the rise already. Lets see whats going to happen
CHMC insurance protects the banks from loss.
@@mqiiunemployment rate is mostly among new immigrants and rich are getting richer so the prices will not go down significantly
@@zinithin-8208chmc are tax payers money the real workers money.. who can’t afford to live
Or, they will continue to hold like most long term asset investors do and you Will continue to pay majority of our mortgages payments for us while sitting on the sidelines pretending you’re going to buy something
There is a huge condo development in the heart of Niagara falls that has gone bankrupt and they are still taking money out of people's bank accounts. Yikes! If you look at the people commenting, it looks like everyone who bought was foreign. Why aren't we regulating that?
Cause the buyer doesnt care where the seller is from, they just want money, and people with money have a voice.
somebody told me years back that a real estate market crash was never going to crash. But this is how it started.
this is why letting investors ruin a whole market was not a good idea...and please don't whine about interest rates,you are in too deep not the taxpayers problem my real money savings deserves better rates than a fictional broke investor or dreamer with no cash!
This is because we don't have a housing shortage, we have an AFFORDABLE housing shortage.
Thanks to government intervention that made affordable housing costly and all but completely illegal to have around.
Tell that to British Columbia, down net 50,000 homes (new residents vs housing starts YoY). The problem is that Canadas population isn't spread out. All packed around urban centers.
@@ColBurt Don't conflate new residents with household formation. Each immigrant doesn't need a separate home, and usually immigrants live with many other people in the same unit. I know a lot of recent immigrants / foreign students and none of them can afford to live alone and are usually crammed with 5+ other people in the same unit.
Say it 1 more time for the guy in the back 👏🏽👏🏽
@@ColBurt Well all in Ontario and BC like Vancouver. The rest of Canada is pretty much empty.
Condos? Who is still buying condos? Have people learned nothing?
Wait 1-2 more years until people run out of cash and credit to keep their 500k hole in the sky
2 yrs home values will likely be 100k higher.
Can’t wait! Investors caused the housing crisis. Their losses will be the fix.
@@baseline6786You are one of those desperate investors looking to get out of the market, but you won’t be able to without realizing a $100k loss 😂
Keep waiting and buy the same place at 10% higher perimum in 2 years, be it condo or a house. There is something called inflation. Even if property prices drop further and stay down, they will eventually go up. Inflation is a real thing.
@@baseline6786😂😂😂😂
Good question - why did anyone ever buy pre-construction in the first place. It was obviously toxic 4-5 years ago.
you still need to live somewhere.
@@kevinroy1736 well in pre-construction.. the place youre trying to live doesnt even exist yet
If you're using it as a speculative investment, you're not living in it.@@kevinroy1736
Greed😂
@@leinad5243 and now we are supposed to feel sorry for them, part of the people who screwed my generation out of house and home, literally?
Wrong question.
But I understand why one would ask it.
The correct question is, will anything reduce home prices by the 30+% they must be reduced by?
All they talk about are the interest rates need to go down to afford a house, like you say the price of houses need to come down, no first time home owner could ever afford a house even if the interest rates go to 1%, the only people that would help would be people that have a house and want a bigger one
I think Toronto and Van have found the peak of the condo market, it can't get any more expensive since there is nobody able to buy them anymore.
No, our politicians will go find the foreign buyers, inviting them to come invest in Canadian RE.
Remember Christy Clark’s visit to Eastern Asia years ago? That’s what fueled the housing market in lower mainland after great financial crisis. Of course Canadians have short memory.
During Covid my family and real estate agent told me to buy preconstruction. I'm so impatient so I didnt do it. I couldnt wait for 5 years.
financialize my housing and find out... Financialize around and find out.. Good ridden to the speculators.
F around and find out 😂
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 ‘’ 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.
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.
Giving money to developers? GST off materials? Putting homes 3 feet apart from each other? NOT putting in proper rules around materials used on the outside of homes? One Fire now takes down a whole building. Houses as well. With out rules around how these "homes" are built .. NO sound barriers .. Forced to buy a small prison .. would you buy these? NO NO YOU SHOULD NOT!! You wonder why Stress related illness and our health is going down .. do you think there is a link? Hospital wait time increase and so do Developers pocket books!
Artificially trying to keep the market squeezed is ultimately going to be the deciding factor. Will we bite the bullet and take a hit to the housing market or will we keep chewing on this dry lemon to keep houses high a bit longer 🤷♂️
One thing is sure and that's the interest rate won't be at the level as it was during the pandemic. I guess the lowest it will stay at 3.5% mark until the next recession or if there is market melt down.
The best of this segment is BNN interviewer trying to keep the lipstick on the pig...!!! LOL
We have a super saturated condo market. It's a powder keg. The speculator exit will be exponential when it starts. Hopefully all that arrogance goes with it
A good point 🎉
Investing in a nonproductive asset is only profitable on its way up.
Once it plateaus it has nowhere to go but down.
Investing in a productive assest like shares in a company payes you forever if the company is successful. That is the true definition of investing.
This is what i learned in business school and life.
there should NOT even be investors on housing.
You can’t say something like that without articulating how to raise the capital required to build housing.
There is no point in buying a rental condo, you pay more property taxes, you pay taxes on rental income and you pay more capital gains tax when you sell.
Investors are lucky to have gotten away before the tax hike at the end of June. Of course the revenues are not coming back, esp. in the near future.
What do you mean "gotten away"? They're stuck, the market is flooded with investor condos and nothing is selling. Unless they fire-sale everything next week they're getting hit with the full tax hike.
@ewaste8318 The ones that sold, many did sell, good investors already saw this coming since the end of last year. And if you paid attention to US real estate news and our national legislations, you would have been prepared. Those that are stuck now are the greedy ones and they ain't the ones with the most revenue.
Oh no, poor investors
Not just the investors, anyone who bought one of these is going to get wrecked.
@@Zero11_ss no one complains or shares their profit when things are going good.let the cards play out and keep taxpayers out of it....
@@bradc32 What do investors have anything to do with your tax money? If anything the new capital gains tax will be taking more from investors by big gov so they can waste it on more corrupt programs and send the money to Ukraine.
Sitting with 250K cash - would rather buy a commercial place over a residential one and if I can’t find good deals I’m gonna sit on the sidelines and watch. Fuck this system lol.
Yep same. All in the stock market.
@@same9309 S&P up 20% in 2023 and already up 18% halfway through 2024. No brainer
This is the way. (US market)
Housing is a lifestyle choice. If you want to invest, buy equities in companies.
Mom and pop get out, big real estate comes in
The consequences of rent control.
@@shauncameron8390 why having a hard time getting someone to pay your mortgage for you?
I’ve been a tenant for a large corporation and it SUCKED
Youre paying someone's motgage everytime you buy something. Think sbout it.
Housing is not a good investment anymore. Why? Tornado's. It used to be that there were areas where Tornado's we're unlikely to hit, but now, Tornado's can hit anywhere there is heat and moist air, which is almost everywhere. Then when your house gets hit by the Tornado, you literally lose everything! Then there is the other side of the problem where you have heat and dry air, which i'm sure you already know is prone to wildfires.
Don't really understand this, as we're in the middle of a housing crisis and toronto is one of the most expensive if not the most expensive cities in Canada, and in the world. Apparently rents are declining? Apparent'y there is a surplus of available condos? Doesn't make sense to me.
Rents aren't decling, and it's a surplus of condo's that can't sell "priced to high" some perspective, the old golden rule was 1 to 3. Meaning your mortgage you can maintain is at most 3x your gross income.
The average income is 65k give or take, lets say 2 adults = 130k x 3 = 390k a bachelor micro condo is 500k plus fees.
The smallest worse trash on the market and the average person or family can't afford to purchase it. What about a normal residence? 3 bedroom 1 washroom small house? Forget it, even 2 adults at 100k each cannot buy it
We are at the point where the guitar string can't be tightened no more. Question is who gets slapped when it snaps.
Who wants to live in those nasty condos with littlw privacy, no yard or much space and almost always littered with bugs
Money printers ran out of ink
People are quietly going bankrupt right now. Not declaring, but there net worth is plummeting.
in Toronto?
Maybe in the small towns, but not in Toronto or Vancouver. Got family and friends in banking sector as well as tons of entrepreneur groups, investor debt maybe over-leveraged from high interest rates, but most ‘investors’ have a ton of equity in the stock market as well as their businesses and other assets, they can pay off their investment properties if they had to, but they don’t want to move their investment from the stock market at the moment to service their debt so they’d rather sell even if at slight losses if needed given they don’t know what interest rates will do in the near future, but you can be sure they will not take heavy losses to sell, they’ll just suck up the cost and rent it out. The people close to bankruptcy are the first time homebuyers who bought over priced detached homes in outer suburbs who now can’t get a loan because prices have fallen from high interest rates and buyers waiting on the sidelines. This is the saddest part. Most investors already have homes in more expensive/established neighborhoods they bought prior to the price jump
i love these interviews. Managing the decline and whining about the music stopping without enough chairs. Looking forward to the collapse. Which city will go down in flames first? Toronto or Vancouver? LMAO. Vulture contrarians circling.
a fellow bond investor
FIRE SALE!!!
Sure are
Hedge funds have lots of money
The Canadian government hasn't done nothing to make housing affordable for Canadians .real estate prices are keep going up and up and up........
Real estate investment is not viable anymore. Far better investments. I feel for renters and landlords alike.
What better investments?? Do share
@@OK-kw4rvS&P index fund, up 20% in 2023 and already up 18% this year and we're only in June. That's the opportunity cost of having a condo investment
Condos, your cash flow negative for the past 2 years. Of course many are banking on equity but prices have stayed flat for 4 years meanwhile the S&P continues to pump monster returns
Freehold is a different story, these will always be great investments. Condos are garbage
The culmination of 2 decades of cheap money ( loans) artificially driving up house costs. Then the flood of massive government deficit spending creating the influx of lesser value money, investment firms had to park this money while inflation spikes. Add the insufferable grift of net Zero environmentalism shaking down lousy investments and sucking up more government dollars, well the chickens are coming home to roost.
Condos no bueno
Okay , it is not that straight forward municipal governments ask for this ask for that (off site and on-site levies) weighting the cost before the construction begins. The housing market is a market
just like when I buy a stock ...it drops in price. 🙂
Once they get the rate to 4 % the market wilk get busy again
Its kinda working by thinning the herd here but I think for the most part investors are going to try and hold out :/
The buyers probably paying inflation now
You gotta lesrn from front liners. Builders sold pre construction condos on fake pre approval letters which one can buy for 500 dollars. Thers is no regulation on real estate. One can borrow around 100k from bank . Give that as deposit to buy condo . Get fake pre approval letter which is arranged by realtor and mortgage broker plus mortgage specialists at banks. Now because its so easy to buy pre con condo there is a lot of demand and when there is a lot of demand prices get high. So builders sold pre con condos at higher prices . They know they can sell these condos at any price they set. RECO, FINTRAC, OSFI, CRA, government need a wake up call in Canada
🫡👏
@dhruvpatel8793 Mr. Patel you are right. Canada needs stricter policies to reduce financial crime in Canada. Apparently the fraud is happening at mass scale which is not good for Canadian people and also for Canadian government. Specualtors earning cash money paying NO income tax . Taking all subsidies from government and being rich with owning 4 to 5 properties. What I honestly do not understand why they DO NOT CARE? who so much fraud in the Canadian banking system. Honestly it's SHAME.
BTW fraud is happening in all Canadian cities more so in GTA And GVA
@dhruvpatel8793 Mr. Patel you are right. Money laundering, mortgage fraud is giving bad reputation to canada. This financial crime must stop . Banks are hiring people who can do fraud. One bank fires and other bank hires. The mobile mortgage reps are making tons of money. Their managers are invloved including realtors , mortgage brokers , accountants. I do not understand why government does not want to stop fraud.
Won’t be surprised to see a big collapse and many losing their shirts. Just necessary sometimes when things are so out of balance. It won’t be the end of the world! Losing is part of investing.
Sometimes its better to crash things so we can start fresh
@@Yaz674a crash in Canada is long overdue for one of the most indebted countries in the world
Intelligent government would refocus our economy on small and medium-sized businesses. Could you imagine the individual prosperity?
Its probaly only condo
I think investors are getting out because of the economics but most don’t want to deal with scum bag tenant’s. The law is totally on the renters side….not worth it anymore
More people in tents and RVs reflects badly on govt.
Unfortunately landlords are on the wrong end of a highly political situation.
Don't look for it to change anytime soon.
I feel so sad for investors who can't see their investment property grow 20% every year. Is fleeing market news true or someone is crying foul to gain attention. I still see realtors listing properties they bought from builders 10 months ago. At one time , in some regions, 90 percent properties were scooped by investors.
Why not talk about why investors and builders flooded to the condo market?
Low cost housing isn't profitable thanks to government regulation, red tape and intervention and thus builders don't build low cost house and rather build condos to make a profit.
Investors flooded to the condo market for the same reasons.
Until people discuss why this happened it will continue to be a problem.
As long as municipal govts continue to have control of housing starts it will never change.
The NIMBYs control all the suburb area's of all major city's in Canada because they control the municipal govt.
I'm planning to invest $150,000 of my savings into some stocks to ensure safety in case there is a recession. What is the best investment strategy to use?
The market has great potential for growth right now, but you never can tell. Whether you're a newbie or an experienced investor, I believe you need to contact an advisor to guide you with your financial decisions for optimal growth.
As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively and also increased my porfolio by up to 300%. You might consider a similar approach
I'm seeking guidance for my portfolio management. Could you refer me to your advisor?
Monica Shawn Marti 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.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Yes before it crashes in 22 years from now
😂😂😂 same like early 90's
Let's put this in really simple terms.....
under actuarial analysis of the datasets relative to the Ontario/GTA Real Estate based DEBT instrument expansion of the last 5-6 years.... there now exists what could potentially manifest as a ~$130-$150 Billion imbalance in servicing "GDI"(Gross Domestic Income) within Ontario's ~$800B GDP heading into the Mortgage renewal wave thru 2026 at any BoC rate maintained positive above the 2% cpi inflation target.(~3% to 3.5%)
This is a Real Estate Crash....
as loosely translated to market fundamentals relative to sentiment/knock on effects determined by waning consumer demand/accommodative financial conditions now highly unlikely...... this intends an almost 25% decline "on average" across GTA Real Estate from here in the foreseeable.
And by which the 1990-1997 GTA Real Estate correction pales in comparison
Ur too smart for this blog...surprized they dont delete you😅
Trudeau's government has destroyed the Canadian dream and made as suffer the worst Canadian nightmare
To protect the housing market, the Canadian government should hike development fees by 500%.
If each new house takes $2MM to build, where can Canadian housing go? All the new immigrants will have to have a piece of roof, right? Force them to pay for it.
The house of cards has begun falling...
Investors are the reason why the housing market is in crisis.
The new capital gains tax is going to make new builds, especially affordable housing, almost non-existent ... good job guys 👍
I thought we had a shortage of supply now we have shortage of cheap money 😂 the lie is debunked
More like a dog kennel in the sky.
John Pasalis looks like he's been working too hard recently lol
BNN is an echo chamber for Canada’s dumbest investors.
is JOHN PASALIS the only person in TORONTO you people can talk with ? plus he is an AGENT They sell Condos....another example of Canadians always listening and following the wrong voice.
I hate how this guy looks and I hate the name of his company but I always end up liking him and his takes are good. 🤷♂️
😂😂😂😂 You will own nothing
Screw condo market. You buy land or you don't buy at all. But don't worry, builders will stop building. Prices will not go down. Rent will recover. If you think you will get a crash, keep on waiting.
"Maybe that is a question you should as Chy-na." DJT
Too many anti real estate laws, too many anti real estate investing taxes. Even the Minister of Finance is investing in real estate outside of Canada.
I love taxpayers paying more in taxes as well as higher mortgage/interest rates...immigration has done wonders for Canada...anyone who says otherwise clearly has been paid off by the Conservatives.
This is sarcasm right???
1:16 Stephen Harper & Jean Chretien being unscrupulous, austere, greedy and uncompassionate tory & libertarian
Better than the compassionate spendthrift Pierre Trudeau.
when harper was in charge we grew faster than the USA and he cut the GST from 7% to 5%
Emotional appeal wont go far in these spaces. Save it for your book club
@@kevinroy1736
He was the only PM that bothered to do anything about the GST while Chretien who was elected to do away with it kept it around as it proved too lucrative.
So many bitter people here clearly envious of those who have what they never will. Stay bitter dorks
Trudeau and Singh lit a match to the entire country, including the real estate market.
And condominios
Investors chokes on it
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.