These ‘Experts’ Lied About the Housing Market—Look at Canada Now

We live in an era of "Everything bubble".
* Bubble of inflated egos, Greed and LIES.
When it pops, you'll sure hear gunfire popping everywhere.

Individual i know, entrepreneur making good money /w their own business employing 5 ppl, and a D level exec full time. Now on EI. Due to 2 yrs of government regulations that squeezed an industry.

😂😂😂

I would love for you to go into detail on BCs market

Either they let the country fall like a deck of cards or let the housing market crash like a bursting balloon!

I think the choice is pretty obvious for liberals, they will let the country fall!

Always had variable rate mortgage. Never paid compounding interest. Know your compounding cycle and make a small payment BEFORE this date. This resets the compounding interest clock and you never pay this portion. You do pay simple intetest though.

15 yrs is too much for a 30 yr mortgage, kid, 10 yr max constructiiion, yet 1

tom from ontario,,, love your channel,,, you are so correct,, i saw this coming in 2016 and the day has finally come ,,, what a mess,,,, i agree with you,, how could people be so stupid to buy into that housing time bomb and how could loan managers let these people have the money to buy such an obvious over priced market waiting to implode,,, such dumb ass people,,,,,,, cheers,,, tg

Retirement used to mean just stopping work for me-but now I see it's more about having something meaningful to retire to. That mindset shift is what got me into investing early and building a plan."

Price is okay but builders are making zero lot house. People will be mentally sick after few years as there is nothing

By 2030 u’ll own nothing and be happy. How stupid people can be is incomprehensionable. 🚀 To Stupidity and Beyond 🪐

What your language man, every second word is fuck this, fuck that

not just housing, who wants to live in Canada? if i had the ability i'd move to the US immediately, that is also affecting prices

Good. Accelerate...

The dude has been predicting a crash for about 15 years now so come on guys give him the credit at least ...

I never understood the condo craze in the burbs. The whole idea was to live and work downtown. Who wants a condo overlooking strip malls and a Walmart.

I was saying this to other realtors i was working with last year, and these scammers were bust lying about how the highest prices and biggest profits are coming. BS!

Love your presentations, I'm a money guy myself, so follow the stats with great detail. One quick thing, instead of all the "beep, beep, beep" could you just clean up your language a bit. Please, there's no need for the "F" bombs, you can make your points easily, you understand the issues, so explain them using different words. Please and thank you!

Real estate should not be about profit, It should be about living.... And the great replacement, Mortgages, Brokers, Usury in general plus real estate agents, media and forced tenancy is destroying the future for Canadians.
But at least all the foreigners coming in will have nice place to live.
Also I stopped using pay for VPNs. Most of the time you do not need them and they are doing nothing for you.
I know you think you have a clue, But you are kind of clueless to the over all, These people are doing this on purpose.

Just bought a 15k ring for 3500$

It’s real. & it’s here.

What's NOT being said says more about the housing market than what's being said. I'm in KW, and even though I've seen some homes sell over the past year, I have not seen a single "sold over asking" sign. None of these realtors want to admit that they took a massive hit on the selling price.

my agent is telling me that a bungalow that has not been renovated ever for 900k is a good deal . he said it just needs 20k reno .
it has low damo basement , old electrical and plumbing etc etc ,
he sent me report that value will climb .
what should i do ?

This needs to continue, the bubble needs to burst, the market needs to burn.

The bank of Canada needs to raise rates or this country will end up like either Japan, Argentina or Venezuela.

We sold our house at the peek for crazy money. We invested our payout which has been taking care our rental costs for the last 2 - 3 years. We down graded a little and moved just out of the city. We are just purchasing a home $285,000 less than from the peak. We are now morgage free in a country setting. Real estate agents at the time called us crazy for doing this! They said we would not find a home in the range we were looking at. THEY WERE WRONG!

Anyone who got into real estate or upsized in real estate after 2020 has/had no clue what's been going on.

Our Government is not in the best interest of our citizens.Our useless government only cares about destabilizing our country with third world problems by importing the third world here without any meaningful laws to keep them in line🖕🏻

Question… what happens to house prices in Alberta if Alberta separates?

When is Manitoba going to see the housing prices come down? Still getting bidding wars

Your as bad as Canadian prepper 😂😂😂😂😂 the end is cominnnggggggg ahhhhhh

The only home price that have fallen are homes over 800,000 and up, the only reason these homes have drop in price is there are fewer buyers at that price, yet if you look at home prices below 700,000, they have remain, any home that could have sold for over 750,000 was because FOMO, buyers just bough because they could, before they though they could afford it if they lose income, if interest rate rise, if taxes rise, cost of living, insurance, now these FOMO buyers are in trouble because they didn't think what if,
Market Mania just do other crisis, banks are going bankrupt, the sky is fallen, other 2008 housing crash,

It will crash, be readay 😊

The bubble started in 2004 during Paul Martin era and got bigger during Harper era and got really bad under Trudeau. So don't tell me that the Liberals OR the Conservatives are innocent in this and PLEASE don't try to find excuses for any of them.

The country is so far gone. Smh

Drug money runs this country and these is no housing crisis. Thousands of empty condos

Let the Government take over all CONDOs and vacant houses and grant them to needy and poor Canadians; Please do not allow these so called investors to SUCK poor peoples blood anymore;

Love it.
Keep believing in government.

Toronto and Vancouver are NOT Canada. Ask Quebec where prices are up 8% YOY

People need to DE-PROGRAM ... it's all based on your BELIEF and belief is the enemy of KNOWING.

The price of houses is what it sells for => if you find a buyer that buys your house for $400K then that's the PRICE ... not insurance value ... not property tax value ... not appraisal value ... not market value ===> only the SOLD price is the price of the house!!!

Condos are a great indicator, especially in Toronto. They were never really built to be lived in, but purchased by investors and rented. I think they are sitting over 9 months of inventory right now, crash imminent.

Also, a lot of agents do understand what is happening, but are quiet. Personally I think a crash is beneficial for the majority, some short term pain, but beneficial to society as a whole.

There’s no need for our language!

here i am again... spending time with the real estate incel/doomer club.

Thank you for your videos mate.... when a central bank like Australia's starts sending out warnings, it’s not something to brush off. These signals usually show up right before major shifts hit the global economy higher rates, slowing growth, and more pressure on consumers everywhere. It really drives home how connected and fragile the financial system is. That’s exactly why I’ve been moving more into crypto. It’s not controlled by any one country or central bank, and it gives me a way to protect my money while the traditional systems struggle to stay balanced. Since making that shift, I’ve grown my portfolio from $130K to $732K in just a few months, following a clear, steady strategy with guidance from Karen Bayfield At this point, crypto feels less like a gamble and more like preparation.

This country is trash. Politics, media and bureaucracy killed the country. Pray that the U.S picks up this joke of a nation

How long until the cottage market is hit in Southern ontario? They are so inflated while not selling.

I'm gonna offer Luke a insanely cheap ($500/mnth) unit in a 4 plex i'm building in Calgary so he can do his work closer to the action,,,

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 56.

As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

Something they dont talk about is how over 25% of new home were actually bought by investors, not people looking to live there. Even if boomers sell all the houses or more home become available, the problem wont go away, as wealthy investors will still buy up those supply of houses. This will keep the houses prices up.

Temptation + debt = inflation