Bank of Canada to Deliver More Rate Cuts

[@samuelkirz]

The price of the dirt needs to go down. We don't need rate cuts, we need a clearing function in the market. That means lower prices.

[@Observer168]

@@samuelkirz Canada is full of small cities with very affordable real estate.

[@quixomega]

@@Observer168 This is highly untrue. I've been watching and prices in small cities are sky high. Just because they're cheaper than the major cities doesn't make them cheap.

[@Observer168]

@@quixomega each person’s definition of affordable is different. There isn’t a single city in the world where everyone gets to own a home.

[@Observer168]

@@quixomegathere isn’t a single city in the world where everyone gets to own a home

[@user-le2hu1ct4t]

@@Observer168 That's not true, housing affordability is typically defined as a ratio between income and total home price and/or < 30% of income paid toward housing costs.

[@KarlBuckley-bw3vc]

We need to get our inept government out now 😡

[@veeo987]

November sales are down to September numbers in the GTA. It looks like October was a FOMO blip and the long term trend is still downward for real estate.

[@jasonstupak4535]

Really appreciate these insights, thanks Steve!

[@SeanTheNoob]

We need a true Canadian bear market. 25+ years of up only entire generation has not gone thru a proper correction and thinks “only up” Every single market corrects in time

[@CorporateShill66]

Agree, the correction started in 2022 and will continue for another 5-8 years. At best we will see prices flatline or likely go down a little. However, I do not believe housing will ever be affordable again in Toronto and Vancouver.

[@mikebowers7719]

@@CorporateShill66 sadly but true,i feel sorry for the next generation of kids who (unless bank mom/dad) cant pull through for them, they will never own a house in those regions.

[@LayneWalters-c8u]

Great update as always. Do you not think the BofC will start participating in the bond market again? I believe they will. I like your "4 is the new 2" it applies to inflation too. The only way government can pay off this kind of debt is to inflate it away. 4% inflation means the government pays off 4% of their debt without paying off anything. In fact, they can at 3% to the debt and if inflation is 4% they've actually paid off 1%.

[@dirtlump]

You can't keep creating "money" from thin air devoid of patent economic gdp/growth/productivity..... all that Money printing in fact merely 'sustaining' whatever stagnant gdp with no more than Debt expansion based activity facilitated entirely by irresponsible Monetary Policy rates.....without eventually just plain running out of "thin air" as well !

[@donm2067]

We will tax the air and create revenue! JT

[@TookAHikeNowWhat]

You suck it away from the future... problem is people are already working their entire lives with no feasible retirement. How do you squeeze more labour from a lifetime? Maybe workers need to sleep less?

[@Observer168]

@@TookAHikeNowWhat worked their entire lives? The boomers that worked their entire lives are doing great. The ones in their 30’s and 40’s have tons of time before retirement.

[@TookAHikeNowWhat]

@@Observer168 Yes and many of those now in their 30s and 40s, working their entire lives, will never be able to retire.

[@larryz1105]

Europe is way ahead of us on that.

[@fofal]

you think crime went up now? wait a few months...

[@EdYochim]

It's going to be beautiful. Too many of us will loot , pillage and destroy. Sheep are brainwashed and will not survive what's coming 🎉🎉🎉

[@realtyoak]

As we all know the only way to fix things is to vote PPC and clear the corruption in Ottawa

[@peterfets4799]

Dans numbers are what i'm hearing. Condo in prime location Toronto selling for $800 a sq.feet, $650+ in lousy location. Fixed mortgages are very problematic in next year

[@yzerguy]

Bond markets were going higher, but not this week. 5 year Canada started last Monday at 3.25% and declined to 2.91% by Friday (especially after the inflation numbers) and the U.S. 10 year yield started the week at 4.41% and finished the week at 4.18% by Friday (keep in mind holidays in the U.S.). Bond yields peaked Nov 13th and Nov 21st in the U.S. and Canada respectively.

[@peterfets4799]

long terms its expected, we've deviated too far away from USD. Fixed mortgages outlook not good

[@yzerguy]

@@peterfets4799 Time will tell for sure. As the OP often says in his video, the BoC appears to be ready to let the CAD$ be the sacrifice here in an attempt to kick the can down the road again (again)

[@fatimaalzahra2644]

average salary in Torontto 62K, Average condo price 650K. No one can afford a condo. Forget about detached homes. It is only for docotors and lawyers.

[@JBear-in1ql]

What happened to all the experts’ assertions for the past few years during the boom that it was NOT the fault of investors but simply an issue of lack of supply? The opinions switch all of a sudden without any explanations…forget what we said🤫

[@Observer168]

You can’t single out anyone, it was a combination of everyone wanting to own real estate in Vancouver and Toronto. Calgary actually sat flat for a decade while these cities skyrocketed

[@taiolabowale8640]

What’s funny is realtors are still encouraging people to buy. There are innocent people who aren’t informed on what is going on. They’ll lure people to buy now!!! What a joke.

[@EdYochim]

Sheep nation. Greed and fomo is easy to brainwash sheep 🎉🎉🎉🎉

[@jamescameron204]

Its the same as those Fauci injections,,you gotta be stronger than the propaganda or your gonna get burned possibly dead,,

[@walterpen371]

Buy now is a complete show of desperation cause the #1 RE TEAM NEED TO BE EMPLOYED.

[@taiolabowale8640]

I see this post as more of a rant than informative. If the BoC cuts at 25 basis points on Dec 11, we’re going to head right into a recession in the new year. The only saving grace could be a strong drop in the US to trigger a drop in Canada.

[@Observer168]

how will you see the effects of a December rate cut by the new year? lol

[@quantifiablyqorrect2905]

Depression

[@taiolabowale8640]

@Observer168, by sentiment. You should know this. The reason the uptick in home sales happened in the fall is simple- sentiment. If the sentiment is slower rate cuts, the effect of a recession is accelerated.

[@Observer168]

@@taiolabowale8640normally you don’t see the effects of rate hikes or rate cuts for 12 months. A single .25 or .50 rate change won’t make much of a difference. It’s consecutive rate hikes or cuts that causes booms or bust.

[@taiolabowale8640]

@@Observer168 consecutive .25 drops will fast track a recession. Only way to avert it will be a war, another pandemic, or an economic crisis which is already happening, only caveat is the government is concealing and delaying the full effect. If we get a .25 cut, I expect an early recession next year.

[@m.b5777]

I heard AI will take over the job of Realtors.

[@taiolabowale8640]

We don’t need AI to do the job of realtors. A simple facebook page will do.

[@justadildeau]

We can only hope

[@bubbasanches4591]

Unemployment will continue to rise in canada, especially in tech. Thousands of applicants per role.

[@sugadre123]

As a tech hiring manager i can tell u it's been happening for a while. Just well hidden

[@CalCalCal6996]

Completely anecdotal but I've heard three people in my sphere who've been layed off in the last couple of weeks. It does feel like the belts are tightening in the corporate world

[@sugadre123]

As a hiring manager the corporate world has been tightening but the Canadian government are masters at hiding bad news from the sheep. Lots of stuff going on

[@arjunsahgal2439]

The crash hasent even started prices are barely down, bottom 3 to 5 years out

[@mydressmemos]

It sounds like you're skeptical about the current outlook. With the rate cuts, do you think it’s better for those of us who aren’t conservative investors to focus on bonds or dividend stocks? I’m looking to reallocate my 7-figure portfolio and want to focus on assets that offer the best ROI. What’s your take?

[@LUCIASMITH-d1z]

dividend stocks could make you a fortune if you know how to go about it. But it's always a good idea to work with a CFA for a streamlined strategy and help profit a lot.

[@tatianastarcic]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@JacobsErick-u8r]

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

[@tatianastarcic]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Melissa Terri Swayne for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@winifred-k9e]

I simply Googled her name and her website came up right away. So far, it appears interesting. I emailed her, and I hope she responds soon. Thanks

[@DJRS2178]

Their not mentally and physically scarred... the cycle is over, why would they build? Theres no shortage Steve, how long are you going to keep pumping the non isssue of housing shortage? Thr cycle is done and it will be worse that the US in 2008.

[@justinjones5281]

The difference is homes can put in a kitchen and they are good to go

[@EdYochim]

It's coming. Awhile longer and the sheep will wake up and real estate greedy mofos willl be hit food banks 🎉🎉🎉🎉🎉

[@near7]

am as bearish on housing as I am on Steve's hairloss

[@mushypork2132]

Does it even matter if you are employed or not, you still won’t be able to buy a house

[@Observer168]

Not entirely true, people are still buying

[@danyshampun5495]

@@Observer168the only people buying are a group of 10 Indians

[@justadildeau]

​@@Observer168not Canadians

[@Observer168]

@@justadildeau immigrants will eventually become Canadians, Canada is a country built on immigration.

[@Mizsheen]

the new housing starts should be for rental buildings and the government should subsidize the underwater pre builds to become rental buildings.

[@justadildeau]

At tax payer expense? Another inflationary expenditure. Nope

[@MegaSnowman35]

Are the big bankers doing Canadians any favor to lower interest rates for housing? I would say it is not so. The Canadian Immigration Housing will need to go through the much pain now or pay a much bigger price in the near future with these lowered interests rates Cheep money helps no one.

[@quixomega]

More rate cuts sound like a bad idea to me, but what do I know?

[@ColleenWashington-m3s]

Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@AlexSuperTramp-]

Why would the Bank of Canada care about GDP growth? It's not their mandate. If anything they should increase rates to ensure the currency doesn't get weaker

[@greatchalla3799]

Currency debasement is the end goal……Deflationary pressures are all coming …..unemployment, A.I, work from home, outsourcing job’s , forced retirement…..all deflationary.

[@Mizsheen]

@@greatchalla3799 it will be nice to get a plumber to fix my toilet for less than $500

[@justadildeau]

​@@Mizsheengood luck with that

[@johnschappert8784]

No amount of interest rate cuts can save the real economy. All they can do is spark consumption and the flight to real estate, stocks and bonds. More capital flight, even more disinvestment in real production such as manufacturing.

[@thesynonymist5875]

They need to open up ALR land in the lower mainland. 80% of the LML landmass is ALR and the yield of that land barely puts a dent in the agricultural outputs.

[@AndreInThe416]

Currency market trumps bond market. CAD is too low right now.

[@BobSmith-bw6so]

How low will fx go before boc stops cutting?

[@edamameme1789]

Doesnt matter since its a temporary. You cant have a high dollar without a strong economy. You can have high rates and still have a weak dollar because of exessive unemployment and a dead economy.

[@Rawdiswar]

Low 60's maybe?

[@-Nab-]

I think around 67-68 cents is when they will start worrying about FX

[@markhunt5019]

No counting of people leaving Canada? How many people do not file income tax? Can you simply not look at the number of income tax returns filed? Also, can you not check with the total number of employed and unemployed? How many people are neither employed or unemployed? Sure some may be missed in the count, but the number missed will probably be relatively constant. So, the gov’t can give the numbers if they want.

[@deckmonkey1459]

There are a lot of people who don't file an income tax return, even people who are employed. I believe the unemployment rate is based on EI claims so it doesn't reflect other people who aren't working. It is nice of you to assume the government is not totally useless, though.

[@markhunt5019]

@ Yes, they say that approximately 10% of Canadians don’t file income tax. But if 4 million people left Canada, that 10% figure might remain relatively the same. So, you could see that 4 million left. Also, as strange as it seems, those 10% who choose not to file, still, in many cases, had income tax deducted and the gov’t actually owes them money. But to the point, through income taxes the gov’t still knows about them. Although the gov’t may not have perfectly clarity on this issue, I think they could compile good enough data that they would notice 4 million missing people and their accompanying taxes.

[@normalaverageeverydayguy2600]

But the govt told me thats its not my own malaise but just a vibe, so, you know, govt knows best right.

[@dhruvpatel8793]

I am working in manufacturing industry, Many companies are already left from Canada to Maxico while many others are planning to shut down their operations, Biggest problem for them are the cost of production and taxes. Lots of people have lost their jobs and the worst is coming 😢😢😢😢😢

[@Icecold0505]

It’s just a ‘Vibecession’ 😂

[@eddobond76]

But an average Canadian has good vibe, according to our government 😊.

[@huskavarnapunkband]

I like higher rates, you can make free money in the bank. Isn't money in the bank better than putting money into the ground?

[@mushypork2132]

What bank gives you in interest is still less than inflation or currency devaluation, but you are losing your money slower

[@25Soupy]

Only if the money in the bank keeps up with inflation.

[@darrendowns]

November actually slowed slightly compared to October - seasonally adjusted - - but the base effect of 2023 makes the current year look better - - but - it actually is not very strong.

[@rodwilson2744]

How many of those jobs are GOVT funded… be they creation of NFP agency’s, increased Fed, prov or municipality govts!

[@kylefordinvest]

Appreciate these insights!

[@sale375]

But my realtor said buynow before prices skyrocket

[@harveythompson6951]

Of course he's gonna say that.

[@justadildeau]

They'll say anything it takes to shaft you

[@marcoalbanese8221]

Great info Steve!! Would love to know how many of the 1.2 million people added to our population are looking for work. Also, the math for condo investments with 20% down payments isn’t a new phenomenon. This amount of down payment hasn’t worked in Toronto area for years when calculating long term rentals. If our crap government (at all levels but especially municipal and provincial) didn’t allow Airbnb’s, which was the only way to make cash flowing condos with a 20% down payment, and then take it away, this mess would not be as severe as it currently is. Other factors such as believing the market price would grow and grow forever is also a problem but not as much as taking away Airbnb’s which, BTW, I am against. The crap LTB is another major reason why we’re in this mess. There will eventually be a rebound in this market in a few years but a 20% down payment (unless the condo market crashes bigly) calculus to cash flow - even neutral - is dead and has been so for many years for long term rentals. But I believe that with 30% of people living on their own anyway, these condos can have a future market.

[@tonemeister2318]

What happened to “Tesla is not doing anything special compared to other legacy”. “They are just a car company “. “ they are losing market share”. “The competition is coming “. Yady yah yah

[@Jasonstiltner]

The US economy is already in recession. Any rate cut will not ignite inflation. The banks will tighten even more, all consumer and corporate credit lending. This is the beginning of a deflationary period for your assets. Stocks markets will decline, and stock values disappear in a blink of the eye. Businesses will begin layoffs in earnest which will soon be reflected in the unemployment rate and unemployment claims, to further solidify the recession. In fact, when the FED cut rates in Sept, it will signify that the Titanic is going under, and it will suck everything down. Retail and housing sales will truly decline as consumer hold off their purchases. The inverted yield curve will then turn positive, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 130k to a decent 532k in the space of a few months... I'm especially grateful to Laura Brockman, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@Jasonstiltner]

@LauraBrockman

[@Jasonstiltner]

She mostly interacts on Telegrams, using the user-name,

[@GabrielTrindade-hq5ld]

One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.

[@Peternovak86]

Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.

[@Aarondeboodt]

Thank you…. I have searched her up Google I think I am satisfied with her experience.

[@ahsannawaz4839]

I like these weekly videos

[@toddcarbno966]

Hope the government stays out of the presale condo mess. Investors have made significant profits over the last couple of decades and unfortunately 2025 will be a year of losses. Greed has played a role in part of this mess. People have to suffer losses from time to time to keep investors from taking excess risk. Allowing the canadian dollar to decline will have a larger impact than many expect. Consumer good imports were around 770 Billion in 2023 and a lower dollar will contribute to inflation as imported products will become more expensive. In 2025 the carbon tax will increase by 19% which will also flow through all products and contribute to inflation. This will be a headwind on the Bank of Canada's plan to cut rates. I feel that as mortgages renew with higher payments this will result in shelter inflation . The Parlimentary Budget officer has expressed concerns that the federal deficit will be much higher than the government projects. The government interest payments increase putting pressure on tax hikes and/or reduction to services. Going to be a tough 2025. Look forward to your videos and the loonie hour updates.

[@mikebowers7719]

We need to keep rates as is,we need housing to do a 40% correction in price so the next generation has a shot at home ownership.

[@jaywatanabe4706]

I think it’s worth noting that the BOC’s ability to do a big rate cut is going to be constrained by the differential with the US rate. The reason the CAD is dropping in value against the USD is because of this differential as capital is exodusing Canadian markets to head south for a higher rate of return. The more we drop our rate, the more capital flees, lowering our exchange rate and thereby driving up to cost of imports and inflation in return, which will undermine the case for more rate cuts. We have to wait for the US Fed to catch up. I think anything above 25 basis points is wishful thinking. Now imagine the affects of Trumps 25% tariffs on imports on Canadian goods. Sorry folks, but the writing is on the wall. - We are headed into negative economic growth territory and that is not going to bode well for property values. If I was an realtor I’d be looking for a second job in 2025. Steve is smart - He started a KZbin channel already.

[@christopherbuckley7544]

I dunno but...do you think that decreasing GDP, increasing unemployment, and so called "soft housing sales" might have some relation to each other that "lower rates" and gonna freakin fix ??? Excuse me while I go do a few more lines of blow...with a few bank execs...Welcome back to the 80's!!!!

[@vitaliebruma5886]

Is it better to sell a rental condo now or hold 2-3 years when there will be less supply?

[@donm2067]

How about if you don't know what you're up to, you don't invest in it. Go hold gold, it did better than Van RE anyways

[@TookAHikeNowWhat]

How about live in it, and go hustle for money in another way?

[@DJRS2178]

There won't be less supply. Sell now. 1 year from now they'll admit we are in a recession. Job market is only getting worse. Stock market to crash next year, housing as well.

[@donm2067]

@@DJRS2178 maybe... They will paper over everything till 2030 then bam, like a thief in the night we're gonna get our cheeks clapped

[@saty.7]

No one knows whether there will less or excess supply in 2-3 years. Hold it if you are ok to hold even if the market takes much longer to get back!

[@AseoLimpieza]

Don't work for money; make money work for you. Invest wisely today to create the freedom you desire tomorrow.

[@semendx]

Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.

[@thesearethefables]

​@@semendxexactly that's why I always seek Mr J Clark's guidance in all I do 😊

[@Cradlethegrave-n9d]

I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?

[@bayhunter6]

Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.

[@AudricEnriquez]

From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@deetee9920]

canada became unlivable (especially for younger generations) because canada was run by a freaking woke part time drama teacher... for 10 freaking years.

[@richardrichard9785]

From Freeland's vibes to Steve's psychological trauma-based market dynamics.....now all we need is a nutritionist and maybe an osteopath to weigh in.

[@jeffotoole4509]

You should take all your major financial advice from bar tenders turned Realtor/ economist. I have an economics degree and I wouldn’t trust myself to take my own advice. This is crazy.

[@rp1891]

"the cdn real estate market is morbidly obese" - Nutritionist

[@JatinderShergill-g5c]

Single family homes still selling . No more interest in condo market

[@trinacriafitnesstrinacriaf5723]

Im renewing my mortgage january 10th. Going from 6.9%.... lol

[@lominiski]

The global financial market crisis will start in Canada this time.

[@Rawdiswar]

Interesting take,

[@taiolabowale8640]

You’re not wrong. I don’t imagine it’s worse anywhere else in the west.

[@Observer168]

QE is has already began

[@fofal]

@@Observer168 it never really ended lol

[@lominiski]

So when they get hit, what is the BofC going to do if rates are say down to zero? And what can the the government of Canada (that is not BoC) going to do when it has more debt than income? A lot started occurring in the US in April and this is like end of year.

[@Will-zc8cq]

Houses in tornado and Vancouver need a correction no matter how you look at it, they are way overpriced and people can’t pay for it. I don’t feel bad if investors and builders no longer get rich off the backs of Canadians sorry but not sorry

[@carolpaul7255]

Poor babyI felt sad just looking at him kept seering at the door😢

[@nickcheema907]

adding 327,000 jobs that are for the most part in the service industry is fruitless. How many of these jobs were full time manufacturing jobs?? LOL The goose is cooked

[@ChadMassengill-k2d]

I'm favored financially with the opportunity approval, Thank you ❤. $86,984 weekly profit regardless of how bad it gets on the economy

[@ShelleyMeloche]

I'm feeling really motivated. Can you share some details about the biweekly topic you brought up?

[@LAMAURICIANA-o3c]

WOW 😳I know her too!Miss Georgette Wong is a remarkable individual whom has brought immense positivity and inspiration into my life.

[@LAMAURICIANA-o3c]

I got started with a miserly $7000. The results have been mind blowing I must say TBH!!

[@GennaroCavagnuolo]

I know that woman (Georgette Wong)If you were born and raised in new York you'd know too, No Bingle doubt she is the one that helped you get where you are!!

[@edwinna-u1w]

@ChadMassengill-k2d What is the best way to get connection to that woman y'all mentioning and speaking bout?

[@michael2275]

On the bitcoin standard, feel free to trash the CAD as much as they want

[@Nick-j6k]

Immigration disaster has messed up so much. From cost of living and unemployment all the way to crime

[@davegreen4681]

Until the US economy softens our interest rates will remain close to where they are BOCs only mandates are keeping inflation down and supporting our dollar nothing else

[@steveshideler1333]

Will be crazy when they sacrifice the dollar and ignore inflation just to prop everything else up eh?

[@fingersm]

Government and people have no control!

[@Wink_Dinkerson]

...and the rich are doing just fine..

[@ethimself5064]

Do you or can you kinda predict where bonds and fixed rates would/could be by next summer? I'm too new at this to evaluate

[@roseoverdose6451]

One thing you'll learn through time is that predictions can be and are usually unreliable. Even from people who are experts. Take them as a guide, but don't make financial decisions based on them alone.

[@ethimself5064]

@@roseoverdose6451 Seems so. I have an easy fixed coming up then and hoping for the the best

[@BuffaloGuy]

Canada needs a real leader, but, we are stuck with Turdeau.

[@raze5346]

Who?

[@walterpen371]

Canada never had a true leader period! Ops I meant CANADASTAN.

[@ivanandreevich8568]

Are you guys vibing? I'm vibing.

[@timw4369]

That would be the dumbest idea ever. The interest rate is about inflation. If the dollar goes down inflation goes up. Do you know anything about economics?

[@nicolasbenson009]

My wife is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. Do i move to 100% cash? What strategies should I be employing in my portfolio right now?

[@sharonwinson-m8g]

This is the what people that handle their portfolio themselves go through. I will advice you get yourself some professional advisor to help you redistribute assets in your portfolio.

[@tatianastarcic]

I've been through the 'bonds are beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds. At 66, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case stock crash, Thanks to my advisor.

[@JacobsErick-u8r]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@tatianastarcic]

My CFA ’ Sophia Maurine Lanting’ , 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.

[@Vincent-j8u]

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.

[@fofal]

what will cities do when those development fees don't flow in? lower the development fees lol

[@deckmonkey1459]

Nope, raise property taxes. Vancouver is getting a 25% property tax increase next year in November.

[@fofal]

@@deckmonkey1459 When was the last time property taxes were raised 25% and did that government get reelected?

[@deckmonkey1459]

@@fofal Metro Van board already passed the 25% increase. Doesn't matter when the next election is.

[@alexhakimi7642]

Fix rates will come down, takes time!

[@brettlongfield3291]

TLDR; it's not good!

[@successfullguy]

Economist's and investors must be at a complete loss by now.

[@DavidHardingDOP]

Loonie is gonna tank more…

[@blackstonecontracting5324]

dude...your looking at the wrong data lines why don't you look at what who is this 1.2 million people actually are there still massive gaps in jobs from every trade across every discipline so why don't you do a story on who these 1.2 million people there's a bigger story and i can tell you they aren't all students and or truck drivers

[@johnlocke_1]

Why don't you do your own damn story?

[@MR007-r3f]

Rate cuts will not save the housing market my dear FOMO Pumper Saretsky.

[@infillvaluecreation]

Rate cuts that actually lead to lower mortgage costs will undoubtedly help sales vol and price

[@MR007-r3f]

@infillvaluecreation good luck 😉

[@TheChannel1978]

You must be dreaming if you think that Low supply and high demand will lead to a situation where house prices will meaningfully drop.

[@MR007-r3f]

@@TheChannel1978 Immigration paused, diploma mills stopped, unemployment on the rise, labor union disputes are rampant, growth and productivity in the toilet, 25 percent tariff from the US, supply chain still interrupted, food bank use at its record level, many so-called HELOC Ponzi investors losing money every month, and yet you think everything is fine. Who are you, buddy, living under a rock?

[@MR007-r3f]

​@@TheChannel1978 Immigration paused, diploma mills stopped, unemployment on the rise, labor union disputes are rampant, growth and productivity in the toilet, 25 percent tariff from the US, supply chain still interrupted, food bank use at its record level, many so-called HELOC Ponzi investors losing money every month, and yet you think everything is fine. Who are you, buddy, living under a rock?

[@Relaxlifeisshort2]

You had someone call you and it was in a remote area thats the key. And also i cant beleive you believe the IS numbers bullshit. Come on steve

[@taiolabowale8640]

Remote areas are taking a big hit. A friend closed a pre-con in Ottawa earlier this year at 100k less than original value. I’ve closed in Vaughan at same price as purchase. Another friend closed in Cambridge ON at 45k less than purchase price.

[@SlykeThePhoxenix]

4.9 million people by end of next year is 13000 people every single day. Starting today.

[@COLLAPSE.of.US.ECONOMY]

We accepted too many Ukranian refugees.

[@northsource7215]

silly comment

[@COLLAPSE.of.US.ECONOMY]

​@northsource7215 Canadians are facing economic and housing crises brought on by massive immigration, too many international students and foreign temporary workers, and more than 1 million Ukrainian refugees who are still relying on long term government supports. Have you been living under a rock? Canadians are completely broke. Lowering bank interest rates, and Trudeau's plan on zero GST for 2 months plus $250 stimulus checks reflect just how terrible Canada's economy really is.

[@HieouyaAgnèsDoyo]

!!!I am at the beginning of my "investment journey", planning to put 185K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated.

[@FederickLeo]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@DerickSams]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

[@FederickLeo]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@DerickSams]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

[@HieouyaAgnèsDoyo]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking??

[@ethimself5064]

3rd 👍

[@Airmaster360]

bitcoin is better

[@audittheauditors]

Every commentor here needs to shut uppp! You all think you know everything that will happen, but I can guarantee no one is putting money where their mouth is. Dollar gonna tank? Why aren't you converting your savings to USD now? Real estate gonna sink? Short some REIT stocks. Housing gonna boom? Buy real estate. Interest rates going to slash downward? Buy stocks heavy in capital expenses?... Not one of you are doing any of it 😂

[@fofal]

my down payment is in crypto, it grew by over 100% in the last 3 months lol. By the time prices go down I will be able to buy a house cash. looks like my rent will go down in a few months too lmao!

[@justinjones5281]

I sold one of my investment properties in 2021 for 825k. That house will sell for 650 now. Invested in 6% GIC RRSP to offered capital gains back paid my last 7 years as well so that I only had to pay 26k in capital gains. I have no mortgage on two other properties now. I predicted this whole thing just no one wanted to listen. I have lower rents coming I. That can increase naturally and tenants can’t find cheaper anywhere else. Important to just be real with expectations and everything just makes sense. Anyone who thought buying a 750k plus home to rent as an investment are clearly retarded. Most of my investment money has gone into pensions etc doubling my money. So unless the dollar drops 100% there is no reason to invest in DXY. Keep it real out there ladies

[@DM-vp3kr]

Exactly. Those who did not buy when the rates were low, are not buying now neither ….. and most likely will never buy. I know people who have been waiting for 20 years to buy. In the mean time others take action and move ahead (this includes RE, exchange rate, stocks, bitcoin…. Etc). You have to take calculated risk and act. It is not going to fall on a plate from the sky.

[@fofal]

@@DM-vp3kr I wouldn't want to be a first time home buyer in 2021 when rates were super low. Everyone was pressuring me to buy as if I would be left behind like a loser.

[@DM-vp3kr]

@@fofal a far better decision is to put the money in Bitcoin and wait (not in crypto, in Bitcoin)

[@Kim_jung_un517]

Could this be a good opportunity to invest in the GTA?

[@Icecold0505]

If your timeline isn’t overnight. 5-10 years prices will be higher

[@Mizsheen]

I was thinking the same thing

[@Kim_jung_un517]

@@Mizsheen based on the video with immigration numbers lowered and 4.9million immigrants that are supposed to leave Canada within 13 months I think the real estate market will be shocked . We should keep an eye on it and see how the developments progress and play out.