🚀 Will Canada’s economy keep thriving, or are we heading for a slowdown? Comment Below 👇

Thanks for answering my question Greg once your helpful crew figured out my vague question. Love you guys too!

Immigrants? Nonsense; they never put a floor under housing markets in Canada or anywhere else for that matter. Just ask the Americans or people in the EU. It was just a meme floated by the Rae industry to try to spook people into FOMO-buying.

Garbage 🗑️, waste of time.

Are you enjoying our more elaborate discussions about concerning issues for Ottawa and Canada overall?

Ashcroft has deceived buyers for years... I don't feel badly. I purchased in Eastboro phase 1. I feel bad for those who purchased.

When your entire economy/banking/financial system is entirely predicated upon maintenance of now unsustainable Real Estate valuations vis-a-vi servicing median income potential(gdi)..... in support of the systems Financialized "assets" then collateralized as "chattel" DEBT obligations equally unsustainable under faltering "mark to market" price discovery no longer subsidizable by low-rate monetary Policy.... then unfortunately, that system is already fawked. No asset "Bubble" in history has ever corrected 'sideways'.... they do NOT 'level off'.... and very simply because.... post any decade long low-rate financially accommodated speculative sentiment DEBT based injection of False demand into elevated asset price discovery.... is a 'distortion'... and regardless of then being monetized systemically still FAILS under actuarial analysis into either 1.) destruction of the DEBT instrument obligations financialized as "assets" or 2.) Bail Out attenuation of the servicing instrument imbalances in the name of systemic stability Look at current REPO lock ups for crissakes here ? Questions: * WHO currently has $400B to $500B as 'best guess' in support of the 25% gdp/servicing gdi deficit across the $2.1 Trillion CAD Mortgage Market ? * Does anyone realize the impact on the Canadian 68% Consumer Speding reliant Economic fundamental that attenuation would have next ~10 years ? My point being.... and I am all ears here as to solutions ? This is a Real Estate/Consumer DEBT(now $3.4T) based crash/correction unsustainable by a stagnant 10+ years already barely $2T Canadian gdp/gdi(income) derivable.... into recession/demand destruction and an extremely painful/extended deleveraging cycle as BEST case..... you can NOT 'push on a string'... it is inevitable/unavoidable.

I took me years to understand the Canadian economy. Liberals don’t want to promote our natural ressources to grow our economy, they instead use immigration as a way to growth the economy. This ponzi scheme can work for a certain period of time until we reach a point we can’t do that anymore, liberals will get the lesson the hard way in the next election. As an immigrant myself came here more than a decade ago, I can see how immigration is destroying our quality of life, it’s not sustainable! We need a domestic strong economy otherwise we are in a serious trouble!

Wow. I’m shocked. Immigrants don’t want to come to a place where they are used as a servant class. Shocking. Walls are closing in. Hopefully everyone in Ottawa has their resumes updated.

Do you dream of homeownership or do you care at all? Comment Below 👇

Single family is bad in the long run. A single family home doesn’t pay enough in property taxes to pay for the road right in front of their house. Single family zoning is a drain on tax dollars through expensive infrastructure, roads, water, power lines all get exponentially more expensive when you have to expand over a wider area.

Interested in learning more? Comment below 👇

Do you think Ottawa is insulated from extreme market shifts?

Ottawa's workforce is stable until the cons get back into office. Will be interesting to see what happens to real estate then

Is it better to buy today and sell tomorrow or vice versa?

Has anyone had trouble with acquiring insurance recently?

Would you prefer to live in a detached single family home? Comment Below 👇

Looking forward to hearing more predictions on interest rates and how they'll affect the market!

Rent only makes sense if it's only costing you 20 to 25% of your income (including utilities) and no fear of reno-viction. Well let me know if you can find a place like that.

Amazing mood boosts guys lol

Great episode guys. Not one instance of pump. I am thoroughly impressed. Well back to business. Looks like the walls are closing in on this corrupt Liberal government. I think we all know what that leads too. Just sayin.

Home ownership is universally desirable. Immigrants from all over the world buy houses in Canada because this is normal for most of them. Where I’m from, if you are a renter you are seen as a failure! You’r not doing well because you can’t even own your place! Europeans rent because it’s totally unaffordable for middle class to own anything, they would be happy to buy but they can’t. Those who immigrate here from Europe buy houses like everybody. I don’t know any European immigrant who don’t own a house in my area.

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

Have you been through the process before? Did you have amy last minute issues? Comment Below 👇

Ok but some people just have more money and the government giving people money is not going to make housing cheaper POLIEVRE 2025

Thanks for breaking it down!

Are you noticing this where you live? Comment below 👇

Would you withdraw all your money if you thought the economy was in real trouble? Answer Below 👇

Who would of thought that Mexico is the only country in North America that isn't failing?

I enjoyed visiting Canada for fishing with friends and family. However, with justin trudeau in power, we refuse to cross the border. We'd rather spend our money in the States than contribute to his economy.

The Left in action

Fractional reserve banking is a scheme that is doomed to failure long term IMHO

Are bail ins a possible scenario if we have a run on the banks something similar to what we saw in Greece?

Has your business had to shut its doors recently?

Looking forward to seeing how these changes unfold and their impact on future investments!

Has your business been forced to close its doors?

How much does everyone like Paul Stevenson on the solo?

Great solo job, Paul

Anyone feeling nervous yet. Parliament shut down. Conservatives 20% up in the polls and the current government panicking to get out demand measures. Guys. Ottawa is going to be ground zero for Federal workers being shown the door. Am I the only one that sees this? What is wrong with people? It’s going to get ugly.

All those gifts that boomers gave to their spawn will be vaporized into thin air over the next few years. Hopefully the downs didn’t come from borrowed HELOC money. 🤣 We are going to see the greatest destruction of perceived wealth in Canadian history. Those of us that have no debt and are cash rich will become the king makers. Those with debt will be launched into the abyss of insignificance. Sorry for everyone’s luck. I guess the pre sale condo was not that good of an idea.

Have you received a gifted down payment from your parents?

Welcome to the great Canadian Ponzi housing market un wind. Every day that gets closer this government is closer to falling. What pre tell comes with a Liberal government falling? More Liberal party loyal Federal employees that need to be shown the door. All the consultants gone. Departments gone. I would guess at least 100k including consultants. Add 8000 from the CBC and we have a good start. How does that affect Ottawa Housing? Just want to know.

How much attention are you paying to rates?

Awesome insights on economic factors and their impact on the market!

Do our listeners think that shopping for a home is solely as an investment that should be skewed by international, national, and local economics? Or do you believe it should be case by case for that person, or family, wanting to own a home for themselves and their needs?

Townhouse at $500K is ridiculous, and Greg knows it! COVID-19 screwed up the market, and JT opened the immigration floodgate; Canada is doomed. There is no reset, we are speeding towards an unavoidable sovereign debt crisis. I partially blame realtors like Greg.

We should expect at least 100,000 cuts to Federal employees as soon as there is a change in government. Expect 20% cuts across the board in every federal department. This was 9 years in the making. Shopping for a new house should be the last thing on anyone’s mind.

Greg shamelessly pumps housing again. A realtor gotta eat.

keep up the mazing work!

Did you know that mortgage brokers have access to many more lenders than the BIG 5 Banks in Canada?