This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
You're right. I was able to diversify my 450K portfolio across markets with the aid of an investment coach, and I was able to use high dividend yield stocks, ETFs, and bonds to generate a little over $830K in net profit.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
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 Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
Many buyers are liars. They will lie that the home is for them to raise a family but after the home is sold to them, it's on Zillow for rent. Sellers should always try to get the highest price possible
I don't care, but I find it funny that buyers complain about investors buying up homes driving up the RE market, but they are shady as hell too. You sound bitter, I see you're one of those doom and gloom hoping the RE market crash so you can finally afford to buy? Keep wishing, not everyone is broke like you.
I guess you can't read, I bought my home in 2008 after the crash. It was a short sale. I own two home free and clear that I'm renting out. YOU DEFINITELY DON'T OWN A HOME, because you sound like a broke and desperate person hoping for the market to crash so you can afford to buy. If you're truly a homeowner, you wouldn't be that desperate to wish for a foreclosure. You obviously think every sellers are in the same situation, desperate to sell and bought at the height of the market. You're a loser, therefore you want everyone else to be losers too so you can feel better about yourself. What a shame.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Leah Foster Alderman' to meet my growth goals and avoid mistakes, she's well qualified and her page can be easily found on the net.
Toronto and Vancouver real estate represents the greatest asset bubble of all time. Japan had a similar bubble about 25 years ago that collapsed for several decades. It's recovering a bit now but it certainly shook the fools out of the system
@@mickymouse63 That is true. But I would argue that immigration can get us only that far ... at some point ppl will not be stupid enough to come here anymore ... most of them anyways ... and we may not be that far from it. Luckily for us, there are so many money launderers in the world who are happy to park their "hard-earned" cash here. On the other hand, it is crazy that we have convinced ourselves that our housing bubble (which is one of the biggest housing bubbles in the world) will continue because of high immigration numbers. Not because of jobs or economy ... it is because ppl will keep coming here because ... it is us! We are special.
Gotta keep Quebec firmly in the liberal camp. Throwing out breadcrumbs a year or six months in advance of an election is an old tried and tested strategy that Pierre Elliot used often to get re-elected.
50% of Quebec votes Bloc, in fact, actual Quebecois don't vote liberal at all. The issue is Montreal has too many seats, and too many anglophones and Canadian immigrants who consistently vote Liberal as an "anti-Quebec" vote, they alone make up the Liberal voter base in Quebec and they alone skew the elections towards the liberals. Is there anywhere else in the world that is forced to keep a minority group that chooses to live in the host country, for the sole reason of working against the host country's culture? I don't think so. In 2026 Parti Quebecois will win, hopefully we can finally separate from the sinking ship known as Canada.
So sick of Trudeau and Jagmeet holding back Canadian democracy with their coalition. Clearly he doesn't have the skills or leadership to get the job done. Time to move on.
Greetings Jon. You predicted this long time ago. Some people were laughing at you. Thanks for letting us know about the truth. You & your friend @market Mania were spot on....!!!
@@lambertgervaisvachon295 he has been saying that for years, broken clocks are correct twice a day too. But to be correct he made such amazing predictions like prices would not increase in 2023 and there would be no spring market. Prices did increase in the spring. Or that we would have 2018 prices in a year. We don't have 2018 prices. The list goes on and on.
Hello Jon: I would like to see you do a chart breakdown on how much of that supply was allocated to Real Canadians who live in the homes themselves versus how much goes to multi property owners, foreigners, and mega financial corporate players.
Reading between the line I would say we have 200000% more multi unit dwelling than we need. We don't need more condos we have more than we can ever occupy in the next 100 years
What down of housing starts 55 percent in Ontario-GTA? First quarter officially 228,000 immigrants and second quarter 283,000 new immigrants and the rest to the next election over 1 million? Let’s see next week another rate cut!
The reason is that most multi-family buildings in Quebec are rentals. Quebec culture normalizes renting. GTA and Vancouver are condo heavy markets, and condos are not selling. Rents are flat in GTA and the price of condos are too high for mom and pop landlords and speculators to cash flow or earn capital gains. The majority of the government money is for multi-family rentals, not condos.
So $350K per unit to Quebec vs $35K for the rest of the country? Smells like the carbon tax! ($57 per tonne in Quebec, $80 per tonne elsewhere) Anyone have a problem with that?
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
Jon for PM ! Have said it before will say it again , most honest real estate agent in the nation ! I have benefited from the boom but not happy for the next generation like my kids , they will have a hard time owning a decent house 😢
I would go back to the seller and renegotiate a lower price based on the comparable sales. The seller will potentially listen if he bought another property.
They have a strong and growing economy, a great tax base and are willing to play ball with the federal government. They constantly re invest back into their people and province. Compare that to certain other provinces who only know how to whine, oppose and point fingers.
@@bobloblaw1720 when was the last time they ran a surplus? 🙄 it’s a welfare state and a financial burden on the rest of the country by its own governance! QC is rich in resources that the government purposely underutilizes and then gladly take advantage of the equalization policies 🤷🏻♂️ but that will all cease in November so it’s a mute point 😉
@@boskey10 ? Are you talking about the referendum 30 years ago? Obviously that created risks some businesses did not want to take. Its kind of old news in 2024 though. The economy long since recovered and i struggle to understand your point. I do not think you have one.
In Canada house is a speculative instrument like stocks. Until that changes home prices never gonna come down. This is combined with local, provincial and federal goverment voter base where majority are boomers and home owners don't want their prices to come down and supply is controlled. There is no incentive for politicians to touch this until the majority voter base turns to be renters. There is no logical reason for the biggest country in the land mass with least population density have the costliest home prices unless it is intentional.
@@edubmf Hogwash! You think Canadians like that their house appreciates so much as their children can't even afford rent? If your house isn't for sale, it really doesn't matter what it's worth. Interest rates should NEVER have been so low! It big time penalized savers. But oh, look how much that house you own that isn't for sale has gone up in price. Get real!
There is when we are one of the most resource rich countries in the world, yet 60% of our GDP is housing. Absolutely insane, we could literally change the world, but nope 😂😂 Keep buying resources from countries that have no rights for women and children, while we waive our Trans flags from our virtuous rainbow thrones. What a joke.
@@Redmapleleaf113 I'm an old guy also that owns my home that also isn't for sale. My grandkids want houses and can't afford them. I never banked on my house being worth a mil. I'm ok if it drops by 50% so they can buy. I hate that they have no chance. Will not be voting for the drama teacher next year. That's all I can do.
First, if there was a housing shortage, wouldn’t the current listings be selling? Second, I am trying to sell and buy ag home. Nothing is moving and I am close to Ottawa. Farm mortgage rates are insane and sellers want a deposit of thousands that I could easily lose. Nobody can afford groceries but now you need to hand over thousands. I get why I have no offers now. If they don’t cut rates substantially then the market I’d down for years while people recovery from the last 8 years.
Massive amount of listings in Okanagan, BC. New builds have slowed down. How can 1,000’s of housing units be up for sale and not move when there is a housing shortage?
I dont know about the Vancouver and Toronto markets but I dont see any severe downturn on Housing prices in Quebec. It went down 2% last year and took it back since. Nobody can sell because they cant go in condo or rent as it cost the same price. Forget about serious price drops as long as mass immigration rule the place. What can be seen although would be a "plateau", where prices would stay neutral for a decade.
Yes here is Sudbury, Ontario we have very few listings. Very little new construction happens here. So still pretty healthy. Toronto market does not represent the whole country. Specifically the condo market there. It’s important that buyers ( first time home buyers)understand what applies to them rather than just hearing to podcasts and waiting to catch the bottom.
Here in Vancouver housing has started to crash. There are only a handfulof sales every month, and those are at significant reductions in price. Come September, buyers needing to move for school will be settled, US housing will stand still as it always does before an election, and we will see the real crash.
I have being following on the CREA site reporting's from Bancroft Ontario. They removed Bancroft as a reporting Board, why ???? Investors are buying 100 yr. old tear downs and trying to sell them for 500K. You Liars and manipulators !!!!
Question to @jonflynn. Is there an analysis of the number of home sales or percentage of home sales in the past 10 years that involved bidding wars that tend to increase housing prices much higher than property and market fundamentals could justify. If so, what percentage of the average home prices through the 10 years that could be attibuted to bidding wars.
I love the recurring francophobic sentiments based on misinterpreted numbers. /s Truth is, land use in Montreal has been aligned with higher density for decades already and therefore allows them to meet the federal goals with ease.
The corruption that runs through this administration is getting scarier. I feel for the disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $10,020
What I appreciate about knox jarrati is her ability to tailor strategies to individual needs. She recognizes that each investors has unique goals and risk tolerances and she adapts her advice accordingly
Covid measures still at play as Jurassic NAP vs MOI death cross chart showes. Educating on historical averages a must to raise real estate literacy which benefits everyday peeps. Thanks Jon #man of the peeps
I’m sure you’re a thoughtful, honest agent John, but you are out of your lane with the technical analysis hocus pocus. As Yogi Berra said “making predictions is hard, especially about the future”. How would “seasonality” have fared with COVID? The real world is more complex and unpredictable than pretty lines on a page.
@@AshrafulAlam-zw1xw that’s exactly my point. Things like Covid are random events that make any attempt at predicting the future a mugs game. Thanks for trying though.
@@davidhughes6048 We don't generally have "random events " on a regular basis. The real estate market is no more random than any other market like the stock market for example and technical analysis can be used there. So your argument is moot.
@@johnnylongstocking183 His charts are always correct because he takes existing date supplied by the real estate boards. Are you saying the board's data is incorrect? What proof do you have of this? Do you analyze the data yourself? Oh, right, you are just another pumper.
He has no skills, sad day when his brother died and left us with him. What a joke for a leader of Ontario. Where have the good politicians gone? Oh right, the sold out to $$$
Jon, in all of your videos, you never considered population growth. Shouldn't that affect price and availability? If there is a fast increase in population, there must be some very rich people who can afford to buy at whatever price. These people can absorb whatever comes off the market and the price and availability will never come down, right or wrong?
Everyone wants low interest rates but low borrowing rates means low savings rates meaning people have to take more riskier ways to save and get a decent rate. Leave the damn rates around 5 percent no matter what. And then pay people more!! The only way out if this is higher interest rates and higher wages! Every Canadian should be screaming about higher wages. We getting raped by all the huge businesses we work for and we keep getting paid way to less compared to the continuous increase coast of living. I'm 59 and I'll be out of this rat race soon but people like this gentleman on this channel should be organizing a country or even world wide labour strike. No one should be making less than 65k in 2024 economy and I'm sorry but it ain't getting any better unless your wages follow inflation which always increases.
The information presented by these REAL ESTATE CLOWNS is contradictory. One says one thing and another something opposite! I don't think they know what they're talking about! Either that or, we are intentionally NOT BEING PROVIDED ACCURATE INFORMATION.
You should look up the CMHC press release. $900,000,000 from the feds to build 2,574 homes “quickly”. That’s $349,650 per unit. The province will match this to get them built. I tracked all announcements. The rest of Canada got around $35,000 for their promises to get homes built.
@@johnnylongstocking183 so I am 2,574 as part of 47 selected projects quote : "In response to the housing crisis, the governments of Canada and Quebec announced on February 16 that 2,574 new housing units will be built, quickly, across the province as part of 47 selected projects, including the one announced today. " unquote.
@@jonflynn so I am 2,574 as part of 47 selected projects quote : "In response to the housing crisis, the governments of Canada and Quebec announced on February 16 that 2,574 new housing units will be built, quickly, across the province as part of 47 selected projects, including the one announced today. " unquote.
You’ll have to do better than that to get a rise out of me. It’s not my listing it’s Trisha’s. I’ll let her know what you said. Better yet what’s your number or email and I’ll have her contact you.
*too busy* ;) Would you hire a professional photographer every single time a house gets relisted? RE market is slow and it will get worse. And I highly doubt a house will not get sold because it has pictures from another season. Maybe that is the case. Did you think about that? And I am certain Jon is quite busy with his buyers - he's one of the very few honest agents out there.
@@jonflynn typical from you. Never taking accountability. Are you not the owner and broker of record? Do you not set the standard for all your agents? It's not like you are busy selling houses right now anyways. Maybe try and set a professional standard and you could sell houses before the seasons changed. This is not the first time this year let alone previous years, you have has snow photos in the summer. Remember when I pointed out listings last year with the same problem?
@@kist8102 sorry for the grammar error you seem so worried about. English is not my first language. "Would you hire a professional photographer every single time a house gets relisted?" Yes that is what professional agents do, especially when the seasons change. They have their photographers come back to retake photos. Would you hire an agent and pay them $25,000 when they cannot even be bothered to update the listing with correct photos? Jon isn't out with buyers because he doesn't have any. He has been TOO busy telling all of them not to buy right now. When you are as Jon is out on weekends showing tenants rental properties for lease you are scraping the bottom of the barrel as an agent.
Jon will be saying in 2028 that prices are for sure going to crash soon and we will see 2024 prices in a year or two. Go back and look at his videos predicting 2017 prices in a year. That was over two years ago now.
It will likely cross the mean by staying like it is for a decade. Flat and slightly down while wages catch up. I think everyone can agree that the 10% yearly gains are over. Maybe not the Realtors though. Lol
@@johnnylongstocking183 It's always the same non-sense here. His channel is specific to people who are trying to get into the market to confuse them and keep saying the crash is coming. He's been saying the crash is coming for years now and guess what!?!? It HASN"T happened. We will continue to see price increases of 2-4% yearly on everything.
This happened with the 2004 housing boom - home prices were greatly inflated, meaning people couldn't sell later because they owed more on the house than they could sell for. I know quite a few people who bought then, thinking they were making a good investment to sell later, but it's taken until the COVID housing boom for the prices to come back to those original amounts.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
You're right. I was able to diversify my 450K portfolio across markets with the aid of an investment coach, and I was able to use high dividend yield stocks, ETFs, and bonds to generate a little over $830K in net profit.
Would you mind providing details on the advisor who helped you? saving for a pension through a corporate program since the age of 18. I hit greater tax along the road, so I increased my company pension with a SIPP (tax benefits). I'm now 50 and would love to expand my finances more aggressively; there are a few automobiles I still want to drive and a few mega-vacations that I still want to take.
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 Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for sharing, i did a quick search and found her web page, i hope she responds to my mail soon
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Many buyers are liars. They will lie that the home is for them to raise a family but after the home is sold to them, it's on Zillow for rent. Sellers should always try to get the highest price possible
and why would you care what are they doing with the house if you get what you want for the house?
I don't care, but I find it funny that buyers complain about investors buying up homes driving up the RE market, but they are shady as hell too. You sound bitter, I see you're one of those doom and gloom hoping the RE market crash so you can finally afford to buy? Keep wishing, not everyone is broke like you.
I guess you can't read, I bought my home in 2008 after the crash. It was a short sale. I own two home free and clear that I'm renting out. YOU DEFINITELY DON'T OWN A HOME, because you sound like a broke and desperate person hoping for the market to crash so you can afford to buy. If you're truly a homeowner, you wouldn't be that desperate to wish for a foreclosure. You obviously think every sellers are in the same situation, desperate to sell and bought at the height of the market. You're a loser, therefore you want everyone else to be losers too so you can feel better about yourself. What a shame.
I agree with you, many sellers are liars, and do not disclose serious defects in their homes. Could you recommend your advisor?
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Leah Foster Alderman' to meet my growth goals and avoid mistakes, she's well qualified and her page can be easily found on the net.
Quebec is the 40 year old, living in your basement. When your not home, they are raiding your fridge
50 year old
😂😂😂
Toronto and Vancouver real estate represents the greatest asset bubble of all time. Japan had a similar bubble about 25 years ago that collapsed for several decades. It's recovering a bit now but it certainly shook the fools out of the system
japanese immigration?
Negative population growth in Japan not the same scenario in Vancouver or Toronto
@@mickymouse63 You got that right. They have a culture and a country.
@@mickymouse63 That is true. But I would argue that immigration can get us only that far ... at some point ppl will not be stupid enough to come here anymore ... most of them anyways ... and we may not be that far from it. Luckily for us, there are so many money launderers in the world who are happy to park their "hard-earned" cash here.
On the other hand, it is crazy that we have convinced ourselves that our housing bubble (which is one of the biggest housing bubbles in the world) will continue because of high immigration numbers. Not because of jobs or economy ... it is because ppl will keep coming here because ... it is us! We are special.
Princes of the Yen documentary
What?! Thought we were building 3.1 million homes by 2031
😂😢
Same as “safe and effective” lol
😂😂😂😂😂😂😂
That's JT's number, he's not good with numbers.
In reality we can maybe build 1M. Construction is slowing down
We lack more immigrants that our problem in housing.
5 million a year and then 10 million and then 20 million a year.
Housing solved!
As long as one of the most resource rich countries in the world has 60% of its GDP based on real estate, Housing and Birth Rates will be terrible.
We had a great oil market. We have mines and should be a wealth generating country
@lbradford11 not the way government tax the shit out of workers for carbon taxes and income taxes
Gotta keep Quebec firmly in the liberal camp. Throwing out breadcrumbs a year or six months in advance of an election is an old tried and tested strategy that Pierre Elliot used often to get re-elected.
50% of Quebec votes Bloc, in fact, actual Quebecois don't vote liberal at all.
The issue is Montreal has too many seats, and too many anglophones and Canadian immigrants who consistently vote Liberal as an "anti-Quebec" vote, they alone make up the Liberal voter base in Quebec and they alone skew the elections towards the liberals.
Is there anywhere else in the world that is forced to keep a minority group that chooses to live in the host country, for the sole reason of working against the host country's culture?
I don't think so.
In 2026 Parti Quebecois will win, hopefully we can finally separate from the sinking ship known as Canada.
So sick of Trudeau and Jagmeet holding back Canadian democracy with their coalition. Clearly he doesn't have the skills or leadership to get the job done. Time to move on.
The Muppet condo boiler room is dead!😂😂😂
Greetings Jon. You predicted this long time ago. Some people were laughing at you. Thanks for letting us know about the truth. You & your friend @market Mania were spot on....!!!
Not a single one of Jon's predictions has come true. Go back and point to a single video where a prediction was correct. I will wait.
Thanks Terry
@@johnnylongstocking183 last year he said price would go down. They are down yoy.
@@lambertgervaisvachon295 he has been saying that for years, broken clocks are correct twice a day too. But to be correct he made such amazing predictions like prices would not increase in 2023 and there would be no spring market. Prices did increase in the spring. Or that we would have 2018 prices in a year. We don't have 2018 prices. The list goes on and on.
The muppet boiler room condo flipping market is dead 😂😂
I see you
Grey clouds in the background are a nice touch
They provide a nice background for his toupee.
This is nothing yet !
Wait til the approach of winter.
You go that right 😮
One of the best Real Estate channels on youtube.
Storm in my background, hehe, great videos, Jon, love these, great work, don't ever stop (please and thanks).
Great channel the best insight into the RE market thanks
Hello Jon:
I would like to see you do a chart breakdown on how much of that supply was allocated to Real Canadians who live in the homes themselves versus how much goes to multi property owners, foreigners, and mega financial corporate players.
Remember when buying an apartment was cheap? Remember when trailers were cheap? Supply and depend add greed, you've got this.
the canadian economy is the most incentuous economy in the world.
I think you mean communism
It our wonderful immigration system.
More immigrants means more homes right.
incestuous?
prices must drop by 50% or more, the market must adjust, no one can afford these crazy prices.
Listings Up, Price Reductions Up, Cancel & Re-lists UP
Exactly what's happening.
Reading between the line I would say we have 200000% more multi unit dwelling than we need. We don't need more condos we have more than we can ever occupy in the next 100 years
Especially if they are considered "luxury." More like human filing cabinets. Anyone seen the film Brazil?
Yeah ... there is a long way to go down.
Thank you Jon for all the work - always looking forward to it!
What down of housing starts 55 percent in Ontario-GTA?
First quarter officially 228,000 immigrants and second quarter 283,000 new immigrants and the rest to the next election over 1 million? Let’s see next week another rate cut!
@@miloradrabasovik7938lets hope they have million dollar budgets to buy actual family homes
@@miloradrabasovik7938Fomo happens when prices are on the way up, not when they are on the way down so it's going to cool off for a while.
Very informative session as always. Thx Jon. Watching all ads to support u.
The reason is that most multi-family buildings in Quebec are rentals. Quebec culture normalizes renting. GTA and Vancouver are condo heavy markets, and condos are not selling. Rents are flat in GTA and the price of condos are too high for mom and pop landlords and speculators to cash flow or earn capital gains. The majority of the government money is for multi-family rentals, not condos.
So $350K per unit to Quebec vs $35K for the rest of the country? Smells like the carbon tax! ($57 per tonne in Quebec, $80 per tonne elsewhere) Anyone have a problem with that?
While making sure your egg is not over frying, the food in the oven is burning.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service...
As a beginner, it's essential for you to have a mentor to keep you accountable...
Kerrie Farrell program is widely available online....
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience...
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...
Question is what will crash first? The housing bubble? The online advertising bubble? The auto loan bubble?
The auto loan bubble
Jon for PM ! Have said it before will say it again , most honest real estate agent in the nation ! I have benefited from the boom but not happy for the next generation like my kids , they will have a hard time owning a decent house 😢
I would go back to the seller and renegotiate a lower price based on the comparable sales. The seller will potentially listen if he bought another property.
Where does QC get the money to match with? Aren’t they taking handouts from the rest of Canada? Mostly Alberta 🙄
Racist!!
They have a strong and growing economy, a great tax base and are willing to play ball with the federal government. They constantly re invest back into their people and province. Compare that to certain other provinces who only know how to whine, oppose and point fingers.
@@bobloblaw1720 when was the last time they ran a surplus? 🙄 it’s a welfare state and a financial burden on the rest of the country by its own governance! QC is rich in resources that the government purposely underutilizes and then gladly take advantage of the equalization policies 🤷🏻♂️ but that will all cease in November so it’s a mute point 😉
@@bobloblaw1720 That's why they tried to separate from Canada? So many businesses left and never returned.
@@boskey10 ? Are you talking about the referendum 30 years ago? Obviously that created risks some businesses did not want to take. Its kind of old news in 2024 though. The economy long since recovered and i struggle to understand your point. I do not think you have one.
In Canada house is a speculative instrument like stocks. Until that changes home prices never gonna come down. This is combined with local, provincial and federal goverment voter base where majority are boomers and home owners don't want their prices to come down and supply is controlled. There is no incentive for politicians to touch this until the majority voter base turns to be renters.
There is no logical reason for the biggest country in the land mass with least population density have the costliest home prices unless it is intentional.
Canada is doomed because of Canadians. It's them who want to live off each other via housing appreciation.
@@edubmf Hogwash! You think Canadians like that their house appreciates so much as their children can't even afford rent? If your house isn't for sale, it really doesn't matter what it's worth. Interest rates should NEVER have been so low! It big time penalized savers. But oh, look how much that house you own that isn't for sale has gone up in price. Get real!
There is when we are one of the most resource rich countries in the world, yet 60% of our GDP is housing.
Absolutely insane, we could literally change the world, but nope 😂😂
Keep buying resources from countries that have no rights for women and children, while we waive our Trans flags from our virtuous rainbow thrones.
What a joke.
@@Redmapleleaf113
I'm an old guy also that owns my home that also isn't for sale.
My grandkids want houses and can't afford them.
I never banked on my house being worth a mil.
I'm ok if it drops by 50% so they can buy.
I hate that they have no chance.
Will not be voting for the drama teacher next year.
That's all I can do.
First, if there was a housing shortage, wouldn’t the current listings be selling? Second, I am trying to sell and buy ag home. Nothing is moving and I am close to Ottawa. Farm mortgage rates are insane and sellers want a deposit of thousands that I could easily lose. Nobody can afford groceries but now you need to hand over thousands. I get why I have no offers now. If they don’t cut rates substantially then the market I’d down for years while people recovery from the last 8 years.
Great comment thanks for posting
Turdeau is trying to appease Quebec for the next election.
Yep the same way he appeases Ukraine and Mr Zelensky whenever he can
@@Bergamot88 🤣
Massive amount of listings in Okanagan, BC. New builds have slowed down. How can 1,000’s of housing units be up for sale and not move when there is a housing
shortage?
I said the same and I live close to Ottawa, 40 minute commute. There is a money and confidence shortage.
nobodys buying grampa old mud hut
I dont know about the Vancouver and Toronto markets but I dont see any severe downturn on Housing prices in Quebec. It went down 2% last year and took it back since.
Nobody can sell because they cant go in condo or rent as it cost the same price.
Forget about serious price drops as long as mass immigration rule the place.
What can be seen although would be a "plateau", where prices would stay neutral for a decade.
Yes here is Sudbury, Ontario we have very few listings. Very little new construction happens here. So still pretty healthy. Toronto market does not represent the whole country. Specifically the condo market there. It’s important that buyers ( first time home buyers)understand what applies to them rather than just hearing to podcasts and waiting to catch the bottom.
Here in Vancouver housing has started to crash. There are only a handfulof sales every month, and those are at significant reductions in price. Come September, buyers needing to move for school will be settled, US housing will stand still as it always does before an election, and we will see the real crash.
Thanks for the info
Great info thanks Jon 👍
Great insights Jon, much appreciated. 👍🇨🇦🍻
In the journal de Montréal there is an article saying that the price of real estate are going up . Who's right
Quebec hit new highs this year, so it depends on which region they’re referring to.
what happened to the 53 MILLION for new housing ?
I have being following on the CREA site reporting's from Bancroft Ontario. They removed Bancroft as a reporting Board, why ???? Investors are buying 100 yr. old tear downs and trying to sell them for 500K.
You Liars and manipulators !!!!
There’s a lot changes with boards right now. Many are joining the Toronto MLS system or joining with other boards.
Question to @jonflynn. Is there an analysis of the number of home sales or percentage of home sales in the past 10 years that involved bidding wars that tend to increase housing prices much higher than property and market fundamentals could justify. If so, what percentage of the average home prices through the 10 years that could be attibuted to bidding wars.
500k above on most listings during the frenzy, so atleast 20 to 30% onto what was already bubble prices in 2017.
Thanks mate. Keep it up
Jon has facts and cares about our feelings.
Jon manipulates facts and preys on people's feelings. He is just another realtor using FOMO to scare people.
Why Québec more ? Because Trudeau is Québécois !
PLEASE STUDY AND SHARE YOUR INFERENCE ON CANCELLATION OF LISTINGS
This doesn't seem to apply to the Maritimes unfortunately. Do you think it's ever gonna get better on our end?
I love the recurring francophobic sentiments based on misinterpreted numbers. /s
Truth is, land use in Montreal has been aligned with higher density for decades already and therefore allows them to meet the federal goals with ease.
So they’re not getting $350k/unit from Ottawa?
The corruption that runs through this administration is getting scarier. I feel for the disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $10,020
How can disabled seniors generate passive income during quantitative times? I can't afford to see my savings crumble to dust
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This is correct, Knox jarrati strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started
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8:53
NO BUYERS WHO CARES PRIC3 DROPS.
LOW INVENTORY ... buzz word for NOT INTERESTED. real estate agents go hungry too.
BoC rate drop next week?
do you believe me now with the systems crash today? lololol
There will probably be another inflationary pulse in the economy in the next few quarters because of the container shipping rate spikes.
Quebec always gets a good deal that's why they're in Canada if they weren't getting paid they leave
In bc prices are flat for the year and with rate drop will go up again
Covid measures still at play as Jurassic NAP vs MOI death cross chart showes. Educating on historical averages a must to raise real estate literacy which benefits everyday peeps. Thanks Jon #man of the peeps
I'm buying.
A bird house?
A Chinese rent?
A car to live in?
@MegaSnowman35 Your mom
How long will this cycle continue for?
the bottom might be 2026
Probably last about 10 years.
I’m sure you’re a thoughtful, honest agent John, but you are out of your lane with the technical analysis hocus pocus. As Yogi Berra said “making predictions is hard, especially about the future”. How would “seasonality” have fared with COVID? The real world is more complex and unpredictable than pretty lines on a page.
You are talking like a "Pokat". COVID does not happen every year. John is more logical. Data don't lie.
@@AshrafulAlam-zw1xw that’s exactly my point. Things like Covid are random events that make any attempt at predicting the future a mugs game. Thanks for trying though.
@@davidhughes6048 We don't generally have "random events " on a regular basis. The real estate market is no more random than any other market like the stock market for example and technical analysis can be used there. So your argument is moot.
Jon likes to trot out his fancy charts and so-called mathematical analysis but not a single time has his charts and analysis been correct.
@@johnnylongstocking183 His charts are always correct because he takes existing date supplied by the real estate boards. Are you saying the board's data is incorrect? What proof do you have of this? Do you analyze the data yourself? Oh, right, you are just another pumper.
Doug Ford needs to improve his negotiation skills. Leaving big money on the table
He has no skills, sad day when his brother died and left us with him. What a joke for a leader of Ontario. Where have the good politicians gone? Oh right, the sold out to $$$
Jon, in all of your videos, you never considered population growth. Shouldn't that affect price and availability? If there is a fast increase in population, there must be some very rich people who can afford to buy at whatever price. These people can absorb whatever comes off the market and the price and availability will never come down, right or wrong?
Everyone wants low interest rates but low borrowing rates means low savings rates meaning people have to take more riskier ways to save and get a decent rate. Leave the damn rates around 5 percent no matter what. And then pay people more!! The only way out if this is higher interest rates and higher wages! Every Canadian should be screaming about higher wages. We getting raped by all the huge businesses we work for and we keep getting paid way to less compared to the continuous increase coast of living. I'm 59 and I'll be out of this rat race soon but people like this gentleman on this channel should be organizing a country or even world wide labour strike. No one should be making less than 65k in 2024 economy and I'm sorry but it ain't getting any better unless your wages follow inflation which always increases.
The information presented by these REAL ESTATE CLOWNS is contradictory. One says one thing and another something opposite! I don't think they know what they're talking about! Either that or, we are intentionally NOT BEING PROVIDED ACCURATE INFORMATION.
So you agree the pumpers are clowns too? Dude, don't be drowning in debt and you will live a happier life.
DOWN DOWN DOWN!
false claims about Québec they guet 900 000 000 $ or 22,5 % of 4 000 000 000 put on the table by the federal, same as there population
Jon likes to mislead as much as possible with his videos. Honesty and professionalism are not his strengths.
You should look up the CMHC press release. $900,000,000 from the feds to build 2,574 homes “quickly”. That’s $349,650 per unit. The province will match this to get them built. I tracked all announcements. The rest of Canada got around $35,000 for their promises to get homes built.
@@johnnylongstocking183 so I am 2,574 as part of 47 selected projects quote : "In response to the housing crisis, the governments of Canada and Quebec announced on February 16 that 2,574 new housing units will be built, quickly, across the province as part of 47 selected projects, including the one announced today. " unquote.
@@jonflynn so I am 2,574 as part of 47 selected projects quote : "In response to the housing crisis, the governments of Canada and Quebec announced on February 16 that 2,574 new housing units will be built, quickly, across the province as part of 47 selected projects, including the one announced today. " unquote.
I don’t understand the false claims?
Jon why do listings from your office still have snow photos in the middle of July? Are you to busy making these videos to service your clients?
You’ll have to do better than that to get a rise out of me. It’s not my listing it’s Trisha’s. I’ll let her know what you said. Better yet what’s your number or email and I’ll have her contact you.
*too busy* ;) Would you hire a professional photographer every single time a house gets relisted? RE market is slow and it will get worse. And I highly doubt a house will not get sold because it has pictures from another season. Maybe that is the case. Did you think about that? And I am certain Jon is quite busy with his buyers - he's one of the very few honest agents out there.
"Too busy" not "to busy," for those who speak English.
@@jonflynn typical from you. Never taking accountability. Are you not the owner and broker of record? Do you not set the standard for all your agents? It's not like you are busy selling houses right now anyways. Maybe try and set a professional standard and you could sell houses before the seasons changed. This is not the first time this year let alone previous years, you have has snow photos in the summer. Remember when I pointed out listings last year with the same problem?
@@kist8102 sorry for the grammar error you seem so worried about. English is not my first language. "Would you hire a professional photographer every single time a house gets relisted?" Yes that is what professional agents do, especially when the seasons change. They have their photographers come back to retake photos. Would you hire an agent and pay them $25,000 when they cannot even be bothered to update the listing with correct photos? Jon isn't out with buyers because he doesn't have any. He has been TOO busy telling all of them not to buy right now. When you are as Jon is out on weekends showing tenants rental properties for lease you are scraping the bottom of the barrel as an agent.
I was thinking of starting a business building Islamic style homes, with some of those halalala style mortgages.
is your hair down? LOL yet there are what...35,000 Condos coming to market? sad
Housing isn't a commodity
Remember 2008...that was peanuts compared to what's about to pop.
Best time to buy if you can. This is the bottom
Jon will keep telling people that a massive crash is around the corner. He's been doing it for years now.
The liberals plan to build millions of houses is really working😂😂
If we keep saying it will fall for 5 years and it eventually falls, is it sound analysis?
Yes. No one can predict the amount of manipulation that will happen to keep that bubble going.
Jon will be saying in 2028 that prices are for sure going to crash soon and we will see 2024 prices in a year or two. Go back and look at his videos predicting 2017 prices in a year. That was over two years ago now.
It will likely cross the mean by staying like it is for a decade. Flat and slightly down while wages catch up.
I think everyone can agree that the 10% yearly gains are over.
Maybe not the Realtors though. Lol
@@johnnylongstocking183 It's always the same non-sense here. His channel is specific to people who are trying to get into the market to confuse them and keep saying the crash is coming. He's been saying the crash is coming for years now and guess what!?!? It HASN"T happened. We will continue to see price increases of 2-4% yearly on everything.
@@chriswiens9706 The crash is happening right now if you look around. You'd serve your clients better if you were honest.
Sounds bullish.
😂