Canada's Population Cuts Will Impact Rents & Home Prices + Should Corps Buy Up Homes?

[@CameronFussner]

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. Sure I'm not alone in my chain of thoughts.

[@williamDonaldson432]

Buy now, home prices will not go lower. If rates drop, you can refinance

[@Franklin-gq4si]

The government will have no choice but to print more notes and lower interest rates

[@BernardFrederick-tk7un]

Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

[@foreverlaura-fq4eu]

this is quite huge! what have you invested in ? much more info needed please ...I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

[@BernardFrederick-tk7un]

Finding financial advisors like Rebecca Lynne Buie who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@LAKvuLifestyle]

Balance and sanity needs to be restored to the market. As the mother of two young Canadians, they are not inclined to have children due to the cost of living and lack of housing. I suspect its a common sentiment in young Canadians.

[@citizenprotection]

That's why Trudeau wants to replace with immigrants from India.

[@kickazz999]

Tiny homes are perfect for first time buyers

[@BotBot-y5c]

Many people don't realize that housing prices have impacted families too because parents have to sell their home in order to use the money as a down payment to purchase a home for their children.

[@prao4603]

Yes, as a young Canadian, can confirm it has a huge negative effect to the point where some of my friends say they don't want children at all

[@derekhaggerty313]

yup my daughter is 28 says no way to children. they brainwashed all these young Canadians

[@s82002]

Housing should never have been financialized to begin with. It’s a basic human right.

[@Brian-dg3gh]

Ok commie.

[@aalleexx.]

So do what it takes to get a home in a location you can afford. A “right” means that we have the legal ability to experience or go get something. It doesn’t mean that others are forced to provide you with anything beyond the freedom to pursue.

[@evilapple3427]

Canadians disagree with their votes. They have voted for a government that determined homes to be a luxury. The single largest cost to a house is the government - the ones Canadians voted in at federal, provincial and municipal level. Think about it, taxes account for 30% of the sale price of a new condo from just the development charges + sales tax. This is not including interest rates paid on land while permit goes through 1-2 year approvals, and invisible costs already baked into the construction materials as a result of environmental policies and other taxes imposed on building materials. Government takes such a large chunk of house value and have the right to continuously milk home owners for taxes, that they are the largest single contributor to the cost of homes. The financialization of houses if anything actually helped to increase the supply of housing. If there weren't so many greedy investors that were willing to buy and then rent out properties at negative cashflow, most of the properties probably would have never been built under such heavy government taxation, and the current housing crisis would have been a lot worse.

[@MyYoutube-yb7xc]

So is food, but not everyone can buy from whole foods, some shop at Food Basics. I think clothing is a basic right too, but it is not free, and not cheap, depending upon where you buy. Homes can be free/ cheap if lumber, concrete and other building material suppliers provide it for free or at a very low cost, the labour should be all volunteers or work on minimum wages, but provide excellent workmanship. Is land a basic right? Should it be free or very cheap?

[@s82002]

@ I’m was referring to the financialization of housing. Did you miss that part?

[@ElectronicWasteland-p2x]

Lots of Canadian investors are going to learn the hard way why diversification is and always will be extremely important in any investment portfolio to preserve wealth.

[@AG-hl1ni]

yup

[@BotBot-y5c]

All Canadians stocks have not moved in the past 4 years. All U.S. stocks are rocking up. If a Canadian wants s great return, invest in U.S stocks. Canada will be suffering for the next 10-15 years.

[@ElectronicWasteland-p2x]

@@BotBot-y5c That's not remotely true there's plenty of Canadian stocks that have had massive gains as well. Shopify is up over 50% for example. That said, proper diversification does in fact mean regional diversification aka. having money outside your own country regardless where you live.

[@canadianbrotv1303]

​@@BotBot-y5cwhich Is stocks

[@BotBot-y5c]

@@ElectronicWasteland-p2x you are assuming the average Canadian knows which stock to pick. Don't play expert here... I know stock market inside out. Mutual funds of Canadians companies are a disaster. Mutual funds of American companies and sky rocketing.

[@Wolfpack1298--3]

Can the government stop messing with the population. Go back to what we had for years before Justin Trudeau

[@Fendogs.]

Pierre Trudeau started this money laundering housing Ponzi scheme in the 60’s .

[@sincereahmed8816]

canada just has one goal. be a homeowner because its a cash cow. which is wrong. should be shelter and hope for a slow growth over time. we need innovation in canada and business growth. the stock market is where investments are. we need real change in this country. we have way too much resources and ppl work really hard along with being ankered down with all these taxes. shelter is a human right. buy or rent it shouldnt ever be something you stress about.

[@robertdTO]

Of course wall street should be banned from buying up residential stock.

[@Fendogs.]

Families cannot afford homes . Only foreign criminal organizations that need to launder their illicit money

[@s82002]

No one wants these overpriced cockroach pit shoebox sized condos. People want affordable and family sized units.

[@BoomBoomBoom2023]

Then who are people who were lining up 10 hours before the presale office opens to buy these dog houses? Greed is a very powerful emotion✌️✌️

[@s82002]

@ speculators were lined up, air bnb also added a lot to the demand creation for these micro units. What I should have said previously was no one wants these dog crates to actually live in.

[@bman1990]

Unfortunately we pandered to investors for decades resulting in nothing but shite left from shoe box condos to townhomes with driveways so small you're lucky to fit a Fait on it.

[@BoomBoomBoom2023]

@ : In a country where there is housing shortage, Rents have gone up 50-100% up. Why is there AIRBNB scam even allowed to operate and why immigration department have allowed 1.5 million ppl year in this country as foreign students and temporary workers. Why corporations like Timmy’s and Canadian tires need cheap labour from other countries when these corporations are making billions with there head offices in tax heavens.

[@RICKRUTA]

There is some merit to what you are saying but if I am a single person or a couple with no kids why the heck do I need a family sized unit to live in? How does that make any sense?

[@petert1692]

The Real Estate industry is a big part in this unaffordable story. What is it they actually do? Sell and resell other people’s work that actually had a hand in building housing, etc. with the internet, the whole industry should disappear. There’s very few benefits that the RE industry actually provides.

[@Wolfpack1298--3]

The best thing the government can do, is to provide a 30 year mortgage like the US. We are tired of getting bounced around every 5 years

[@GreenBeanGreenBean]

people already don't bother with a 10 year mortgage.......nobody here would buy a 30 year mortgage since the rate will always be a few percent more than the 5 year.

[@Wolfpack1298--3]

In US 10 and 20 years mortgage rateis pretty much the same as 5 years mortgage

[@Michael-pg7rv]

30 years is a bit insane and puts banks in a vulnerable situation. On the flip side 5 years is too short for home owners to plan for the long term. I think 7 years is the sweet spot.

[@Wolfpack1298--3]

@@Michael-pg7rv USA have 30 years mortgage for a long time so it's a possibility. With this kind of rate fluctuations, how can families plan for anything. Nobody knows in 5 years, what would be the rate

[@luigit9321]

Food for thought: 1. Most banks in the US will not allow you to transfer that 30 year mortgage if you want to sell and move somewhere else. That’s horrible for families if there’s a job opportunity in another city or state. 2. US home sales are subject to capital gains (up to 20%), compared to 0% in Canada on your primary residence. 3. Average 30-yr in the US is about 6-7%. That’s a god awful rate to lock-in to. 4. In Ontario, very competitive variable and fixed rates. And plenty of negotiation / competition to get end-users the best deal. 5. Affordability (including low incomes / skill sets that are not in demand) & lack of supply of decent sized “homes” (detached) close to urban centres is the #1 problem causing all of the anxiety in the housing market. There’s simply not enough homes at a price that a median income household can afford.

[@justinaldrich1719]

i call bullshit on this. Notice he didn't mention that these people will be seeking asylum and they will stay here. You watch! they can work too while they seek asylum was already on the news too

[@citizenprotection]

They are not going anywhere. Justin Trudeau needs these people so he will convert them all into Permanent Residents who then should all vote for him. 4 million or so. The others will convert into Refugee's and will start receiving cheques for $ 3500 per month.

[@kbf2023]

The skilled and the bright are already leaving. I myself am a highly earning immigrant and an employer in AI. My business struggle to find workers, they are leaving and I will follow them. On the other side, I see arab influencers teaching tourists how to fake intentions of asylum upon arrival. It's so bad that I feel sad for these immigrants heading straight to an economic depression. Unlike me, they will be broken enough to never leave Canada

[@s82002]

@@justinaldrich1719 what a sad state of affairs. This is a joke. If we can’t control who enters and leaves we have no country.

[@EJW2003]

What an excellent articulation of a very nuanced subject, loved this video

[@mediaburn2]

2022: PUMP IT! 2025: DUMP IT!

[@vikingvancouver9832]

Great podcast. Very informative. And balanced. Thank you.

[@john_pasalis]

Thank you

[@PaulHodgson-gm6lg]

Companies should only be allowed to buy rental housing over 6 units in size.

[@s82002]

@@PaulHodgson-gm6lg 100% agree. Anything considered small commercial and up is fine. In fact more needs to be done to incentivize builders to build these types of units and to make them affordable to help ease the housing crisis. Maybe waive the development charges? Offer tax breaks for keeping rents at or below a certain threshold? Just a thought.

[@Carolinapetroska]

Very bad news for real estate then. Prices will continue to decrease. Lucky those sellers who were able to get out of it before!!!

[@Michael-pg7rv]

The development charges by the government are a complete joke. These increases in taxes have literally added 100K+ to the cost of 2 bedroom units.

[@MyYoutube-yb7xc]

How come I can't share a shorter clip of your video? Is there a setting? For some videos, I can clip a small one minute long piece and share it in a message. The video starts playing from the point I clip from, but it still has a full link for the receiver to watch the full video if they like it. It would be awesome if you could allow that. It shows as a scissor ✂️ icon.

[@timjkinney3472]

Excellent John- will we still have significant population growth this year. Nevertheless GTA with all of the new condos coming available this year and next year there's obviously more than enough space Hopefully this puts some downward pressure

[@casawi4760]

Housing and food should never ever be speculative investments

[@kylefordinvest]

Great video!

[@Butterfly-rd4je]

Where r they getting these numbers. Selfish people Have you seen the amount of rent they are asking for these boxes. Investors have taken advantage of canadians. No one knows

[@s82002]

@@Butterfly-rd4je give it time. There is only so much pain the weak hands can bear before they are forced to dump.

[@DrDrae81]

As a renter I’d prefer to rent from a corporation than a mom and pop investor. Why should the government block this?

[@timjkinney3472]

Appreciate and you have a right to your sentiment spend a couple of hours studying what's happened in the American market corporate owners have pushed rents up well above the norm

[@DrDrae81]

@ free markets set the price. American economy is running hot so rents are cheap relative to income there. Opposite here, which is why rents are crashing here!

[@WATCHLLS]

Over the next 20 years the immigration levels need to be high to prevent the country from becoming insolvent. You don’t need to be an economist to understand an aging population means less people contributing to the tax base. Secondly pension & healthcare obligations will increase every year going forward. We don’t have enough younger people getting into the trades to build the houses required to meet demand.

[@GreenBeanGreenBean]

95% of all housing was built with private investor money (whether it was reit money or your uncle down the street).... restricting that means even less supply. PBRs cost the same to build than condo towers, PBRs are not cheaper and the ones they are building now will be charging market (high) rates to recoup the high construction costs. Half the future supply of units for the GTA will be complete by next summer, so within the next 6 or so months........... then the heavy ski slope down to nothing new will be built for the next 10 years because cost of construction is so high.... until incomes go up enough to pay the high price. You don't see Lambos in Africa because they can't afford it, it doesn't mean Lambo prices will ever come down.... especially when the cost to make that Lambo keeps on going up. The actual solution is to reduce costs, not to restrict access... which would actually increase costs and prices.

[@dontbeafraidtellthetruth6657]

I think that the AIRNB have contributed a lot in housing prices raise in canada

[@danhansen9340]

I agree, Corps should build new housing leave existing properties , it's not going to happen, in the not too distant future Corps will own everything, people will own nothing, Blackrock will not stop until this is achieved.

[@stevejunior7343]

I hope all these scammers lose their money including the whole interest based housing mafia....! These scmbags have made housing a commodity !

[@henrydu3339]

You should not manipulated the housing price, living is the human right. you should go to stock market if you want to make profit

[@Carolinapetroska]

DUMP ! DUMP BEFORE LOSING YOUR SHIRT.

[@റ്റി.വിൽസൺ]

Skilled professionals contribute significantly to the economy. Their departure can reduce productivity, slow down innovation, and hinder economic growth.

[@Thecarbonhero]

Won’t this have a crazy impact on rents? Like what happens when people who are leaving the country, let’s say 1 million people in a year see their visas expire, will they not just walk away from their leases? When those 1 million people leave, who is going to fill those 1 million apartments? There aren’t 1 million other people… Those places are gonna have a crazy market impact on rents imo.

[@scotthong2008]

Majority of those people don’t rent apt , staying with relatives or family , so the math doesn’t add up lol

[@jimclarence5441]

The world population decrease will affect so many. Africa still has a population and expected future population growth.. But much of the "industrial" world has a rapidly aging population.

[@Chase_CX-p5g]

Is there ever going to be good news in the Condo Market? This is crazy. The demand disappeared because of higher rates, that have now come down?

[@bossross4541]

Prices are still too high. The only reason demand remained since 2017 when condos on average became cash-flow negative is price appreciation. The math doesn't square until either prices rise reliably or the units themselves become cash flow positive through renting. Otherwise you are just speculating and not actually making sound investments.

[@s82002]

@@Chase_CX-p5g have you seen the maintenance fees these days? Inflation really f’d things up and it’s only going to get worse.

[@GeoffreyBao]

Build a shitty product, get shitty results. No one is going to aspire to living in, or downsize to, a 400 sq-ft bachelor. Investors bought them thinking they could rent out to PR / immigrants, and those are the precise demographics leaving. Get rich quick, get poor quick. No sympathy.

[@Carolinapetroska]

Not for a very long time with bad government decisions....

[@AliKhan-bu1fp]

Population growth never goes negative. It might slow down but it will still grow with all the immigrants settled in last 10 years getting married and expanding families

[@Boo-vk4vh]

No more people can’t afford kids , Canada is done

[@nicsdadinyvr]

Re: 'Population- growth never goes negative' - so what would you call what's happening in South Korea, Japan, Italy, etc.?

[@AliKhan-bu1fp]

It’s not the decline in population but rather contraction of economy. They both have cause and effect relationships in which population relatively scores above meaning it stays high regardless of how the economy is doing

[@hamed19821]

Well said. I can’t believe the population to go down. We let in a lot of people especially young people in the past few years and those will get married, and have kids and need to buy homes.

[@mannysubramanian8393]

Even India has built several housing complexes for the poor/slum dwellers, why not Canada?. A large complex, say in the suburbs of the big cities in Canada can be built by the Government using CRA tax money. Public transport could be provided for them to work in the cities. If the Govt. has the political will, it can be done. They can rent it at affordable rates for the low income families(say under $30k household income) to recover part of the investment.

[@kalenluck]

Didn’t you know, if you don’t say the Canada is going to be swallowed by an economic sink hole tomorrow in the thumbnail then no one will watch? Jk love the content love the serious take. But it does seem the way to chase clout is to be hysterical

[@alii2730]

Nobody is leaving. I hate to admit it.

[@nicsdadinyvr]

I own a small software business, two of my best developers left Vancouver for Austin, Tx . I recently made friends with a nice Filipino couple who immigrated to Canada 2 years ago, the guy is in IT and his wife a nurse. They're moving to Oregon next Spring, cost of living they said is the biggest reason. So yeah, many people are leaving Canada, google it.

[@derekhaggerty313]

2023 2,570,000 . they just released the real numbers

[@glennjarvis2672]

Corporations having been buying up entire blocks of homes in the USA to turn around and rent them out at prices most people couldn't afford, leaving the houses empty. So no, it's not a good idea .

[@kiritheepanthangarasa2383]

Yes very good

[@tudvalstone]

Development charges were not $15k 10 years ago, you lost me there. You can prove anything you want with fake numbers.

[@brianho3753]

Dont Buy! over 5 million people will leave canada, hard to believe the rent will go up

[@kimpinkham5804]

Bring back harper years steady predictable

[@AlainCharlebois-j2k]

I think gov should stay out and start managing their own responsibilities properly. They can’t even figure out return to office and now want to manage pvt real estate. Every time they try to play central planner role it always turns to sh*t

[@Gabriel-l2j1r]

Buckle up Mr. small brain.

[@menguardingtheirownwallets6791]

Corporations that buy homes should be outlawed and prevented from doing so.

[@huskavarnapunkband]

Don't forget 380,000 Canadians die every year

[@moizkhan8057]

And how many born?

[@Carolinapetroska]

And many are leaving the country permanently due to the lack of interest....

[@dev4statingx90]

Besides oil (not a growth industry) Canada truely has no economy to speak of. Look at what happened to China dyring its real estate boom, there's no reason the same thing can't happen here.

[@moizkhan8057]

Been saying that for years. But the government and banks step in the moment it's about to tumble. But they never stepped in when prices were going crazy

[@nazochopurian]

Not a fan of small corporations being banned from owning homes. As long as they are Canadian controlled and owned, and less than $10-20m of capital employed in Canada. Otherwise, this will hurt a lot of professional corporations like doctors, lawyers, accountants.

[@Michael-pg7rv]

I think there just needs to be guard rails and restrictions to who and how much someone can own. I forgot where I saw it but I saw a really good idea which is to tie home ownership to your social security number. Limit it to 3-5 units per social insurance number and allow NO corporations and NO foreign investment would be able to purchase a home. If a corporation wants to build brand new inventory then by all means BUT put a limitation on how long they can hold onto that stock. For instance once they build the units and they want to rent it out they can however within 10-15 years after completion they must sell it. This would create more available stock for first time home buyers and small investors (limitation of 3-5 units per social insurance number).