Happy New Year OR Maybe NOT! Real Estate Crash Incoming.

[@althunder4269]

I'm not holding my breath that five million temporary residents will be leaving Canada any time soon.

[@maple913]

That won't happen but if at least 10% leave then that will be enough to correct the market

[@markadler8968]

@@maple913 If you think there is a lot of temporary residents now just wait, next year their population will double at least. There are over 20 million illegals in the US that are scheduled to be deported in the new year. Where do you think a lot of them are going to go and do you honestly think our government is going to turn them down?

[@EmporiumByTheShore]

@@maple913prefer 100 percent myself…

[@maple913]

@@EmporiumByTheShore you and me both but not realistic

[@lbrtvlldr]

Those temp residents are mostly renters, dumb dumb.

[@Mechone11]

He didn't have to much to drink 4.9 million need to leave in 2025 and just maybe Canadians born here can stop living under a bridge

[@KSAnsley]

We just sit on the system so who's going to keep economy going halfwit?

[@ogopogo1397]

Caller isnt wrong. Immigration and money laundering especially the money laundering.

[@EmporiumByTheShore]

People don’t realize exactly how much criminal activity is going on. I live in a new build development, residential and what we see going on here would blow your mind! Did I mention that 90 percent of new builds are immigrants. Talking to friends that work in the banking industry, currency exchange depots and govt depts can tell you stuff that would have you fuming… this is crazy stuff..

[@Evilslayer73]

Cheap labour = a lot of profits they dont care if your'e evicted they care about endless profits !always follow the money :)

[@retrogamer82]

@@EmporiumByTheShoreTD bank had an atm ripped out last night Bathurst & Lawrence fun times in Toronto

[@DeadDollar1]

The problem is all 3 levels of government, the problem is currency collapse. FREE MARKET KNOWS.

[@Canadian_Eh_I]

@@EmporiumByTheShore I am a 41 years old born Canadian and I've travelled to a fair number of countries and even lived abroad. Canadians are the most naive people on Earth as a populace.

[@Otwo91]

I am an immigrant and I too agree with your caller. Immigrants like you and I are not like what is coming here now…

[@deemarie8887]

Exactly!

[@deanna6537]

More like TFW who want to get that PR by attending colleges like Conestoga and working those Tim Hortons jobs. The government should stop allowing international students working off campus like in US. You come here to study and go home, not take away jobs and then demand permanent residency.

[@bbdj2779]

How convenient. You’re the good immigrant, and those coming after, bad. That’s like telling your kids going to school was hard, it was uphill in both directions.

[@Otwo91]

@ I am not against immigration. I want immigration to continue. I want good people, who want to work and build something for themselves and for society. I want people who add value. People who won’t break law’s, try to change the way people live here, who will be a positive in society. Those people have zero interest in coming here. What we have coming here is garbage. Our country is worse than 3rd world. Crime tourism, so on so forth.

[@jaythemechanic4950]

Toronto votes for NDP mayor and is surprised that she is raising taxes? What’s wrong with people these days?

[@aiqueenla2786]

I don’t support raising taxes but where does city of Toronto get money? Either the city cut cut cut or raise raise raise, note that I didn’t vote for this mayor either.

[@donm2067]

They used to get windfalls from development and RE, but that's dried up. ​@@aiqueenla2786

[@wilsonyong8407]

@@aiqueenla2786Instead of cut, cut, cut, how about get more efficient with the taxes collected.

[@sharinglungs3226]

They had to because the last con mayor refused to raise taxes to keep up with costs. Tory starved the city of much needed funding so of course someone with some sense had to eventually fix that. Personally, I dislike Chow, she has no spine to stick up to Ford. I also think city hall wastes money on the dumbest things like Dundas st renaming.

[@JS-jh4cy]

Must be more stupid people moved to Toronto to make the stupid vote.

[@frankhassu6985]

I used to live in Toronto in a very desirable neighborhood Bloor West sold house in 2016 to move to NYC to become an agent here in old Brooklyn. I could never understand how Toronto prices were on a per square foot basis higher than old Brooklyn where avg income is 150k USD & rents are twice higher. How could Toronto sustain prices higher than a global financial center. I bought here & built a Multi unit that I live in where I get 3200 for my studios. My old home in Toronto just sold for more per sq ft than my place here where incomes and rents are 2x higher ? Canadian housing market has to fall as Canada put all of its productive resources into inflated real estate and hence per capita income and productivity has fallen substantially. Housing prices have to fall as eventually there is just not enough income or productivity to sustain the prices.

[@ivannightly1919]

Canada prices were pumped up by many sources many Chinese sent their kids here for school it was a way to get cas out of china if you passed off the government you could lose everything overnight, India did something similar but worse it set up mortgage bokers who faked eligibility of other Indians so they could bid things higher ( kzbin.info/www/bejne/j5DanaGsatOmaqs ) then we had investors who saw you didn't really have to pay tax on a house so the pumped and dumped, then the landlords who saw higher prices of homes and started jacking rents, then our government brought in 1 million extra people reducing the supply of housing, after that started. We had rental management companies for a small percentage (passed on to the renter) they meant the owers just collected money but worse was they now controlled many apartments and the rates, and finally the real estate agents who pushed FOMO every chance they got driving up prices and getting more money due to percentage while refusing to show a home unless they got a cut. its a house of cards but much of the problem

[@t-bonesteak1502]

The voicemail guy was spot on!

[@johnvan8956]

We don't need tax hikes we need to clean the hell out of our own swamp

[@trailerhaul8200]

You cannot rely on swamp to drain out the swamp

[@boogyjuggy]

BINGO. This mess started decades ago....but the last 20 years, wow, what a mess. And "Con' PP will do nothing. This 'Con' party has done nothing to repeal decades of dreadful, expensive liberal policy, laws....and will not do a thing once in power again.....and here lies the problem in Canada. It all started under daddy...Jr just following the same revisionist bs. Typical governments = Decades creating the problems , decades pretending to fix the problems. $, Right, left, liberal, ‘conservative’...does not exist, all lies...$. The lieberals forced all of this upon the country but the ‘conservatives’ have done nothing about it for decades. Until this is all repealed, the problems will only get worse. We never asked for any of this in Canada. The public never had a say in any of this. All forced by governments = liberal and conservative. Repeal - Mass immigration, climate tax scam, high taxes, massive government growth = debt = control....equalization (money laundering into Kebec), bilingualism (french) only outside kebec while Kebec bans our language, history... - bills 22, 178, 101...96..., multiculturalism only outside Kebec, = the charter.... all forced upon the country over the last 50, 60 years by lying, crooked and corrupt politicians, liberal and conservatives, mostly metis (they are not french) from Kebec = more debt, higher taxes, bigger government = more government control, more censorship...less freedom. Its all connected to the charter and quebec, the metis - francos - taking control of the country.$ They are revising our history all over the country as they rename all things English, Scottish, Irish.....look around. Rise up truth seekers, private sector, small business, farmers, truckers, entrepreneur’s, freedom fighters.... very large numbers. Plan, organize, train, MMA......prepare like-minded people...fight back in self-defense when necessary...protect each other from the real enemy here = tyrannical, totalitarian governments = police = military....Banks, MSM...Big pharma... Go read The monstrous trick - by Kenneth McDonald . He covers it all. I have copies. “First Quebec, and Ottawa and then the entire country...” ‘French power’ $ - PET. We need to put a stop to ALL immigration, NOW. The charter needs to be repealed NOW. Government IS the problem.

[@PrimaMapleSyrup]

Boomerleech or GenX leech?

[@tonykennedy1615]

Happy New Year. Prices will go down in inflated markets.

[@John-uc4he]

He’s totally right!!!

[@DummMoney-rr1fi]

flynn is wrong

[@BubuRyba-mh5fm]

Sick man he is. Hitler used to blame everything on the other races. Same philosophy here.

[@ludwigvonbear8548]

I want to hear more from that first caller

[@dskordo]

Thank you Jon. I appreciate your efforts and videos. I wish you and your family a great 2025.

[@Kroma1986]

4.9million people should leave 2025

[@wrongthinker350]

That's exactly what the problem is. And they're not leaving.

[@GazalKwatra]

this has been such a lie propogated. A study permit expiring in 2025 will be converted to a work permit. A work permit expiring in 2025 will either be extended or become permanent residents.

[@bearbull8437]

Too many immigrants that dont fit Canadien culture. He is right!

[@Wink_Dinkerson]

Sorry, what is "Canadian Culture" ? ... English, French, Metis, First Nations, Farsi, Punjabi etc..... do tell.

[@bearbull8437]

@Wink_Dinkerson Exactly!! 9 years of Liberal NDP. People can't even speak 1 official language. We use to work a normal job to afford a house.

[@Wink_Dinkerson]

@@bearbull8437 Oh wow...casual racism.

[@sweetbadboy12]

Why blame immigrants, blame government for it. They are the one permitting students and immigrants to come and make them money to float. AND REMEMBER this country is built on immigration.

[@canconservative8976]

@@Wink_Dinkerson Canadian Culture based on the last 200 years of slow gradual immigration is predominately EUROPEAN... Eastern, Western, Northern and Southern EUROPEAN... along with the Indigenous. that is/was Canadian Culture... but in the last 20 years it has changed.

[@tudvalstone]

WOW! You think the first caller didn't make sense? How so (the swearing aside). I've been living in Toronto for 40 years and I absolutely agree with him. You CANNOT have millions coming into the country to take low paying jobs at Tim Hortons and such and supply affordable housing for them AND for the millions of Canadians that also don't make it up the income scale. How are you going to build this 'affordable' housing, by squeezing existing homeowners and taxpayers until you drive them out of the country? And why do you need these people.. look at past immigrants (I am one also) who came to work in construction, health care, IT.. I mean really productive jobs, not serving coffee and doughnuts and deliver take-out food to lazy people who wouldn't bother to make their own coffee or making a sandwich.

[@bbdj2779]

Give me a break. Immigrants ALWAYS take the lowest paying jobs. Especially in the past. Scrubbing toilets, sweeping floors, and doing the Night Shift at a security desks. Very few walked into healthcare and IT jobs.

[@tudvalstone]

@@bbdj2779 "In the past" you mean 100 years ago and also the last 9 years of Trudeau rule. Because just 30 years ago I walked into a well paid IT job, my sister and my brother in law walked into well paid engineering jobs and many friends coming from Eastern Europe got jobs with good companies. I know at least 20, maybe 30 people that did very well from the start and only a couple who had to leave because they couldn't make it. All well educated, quality people, family oriented and all that.. The kind of people that should always be welcomed in Canada.

[@michaeltrovato1806]

Nailed it bud!! Happy New Year!!!

[@kevinl7173]

Candian housing market has been going straight up in the last 20 years, no doubt it is the most dangerous market in the world

[@joshkealy2624]

Auatralia is worse

[@conniedav]

Raising interest rates would help control prices ~ it certainly did in the 80s.

[@jasonriddell]

@@joshkealy2624 yup and have friends down under and it is the exact same "political BS" and "everything wrong is the folks in Canberra there Ottawa AND immigrants plus "investors" there "news" is copy/paste" of our "NEWS"

[@cliffli798]

you are the only real estate agent who said crash is coming, most of them are saying prices are going up again

[@jonflynn]

They need them to go up so they can make a decent living from all the FOMO hysteria.

[@johnnylongstocking128]

​@@jonflynn you need the clicks to pay your bills so you keep making these doom videos. How many more of your agents are going to quit on you in 2025?

[@jonflynn]

Just had another leave because she didn't want to join TRREB but then have another joining even though I told him I didn't want any agents. I made an exception since he doesn't really operate in Ontario but doesn't want to give up his licence and is sick of getting jammed with monthly franchise fees. FYI I use the youtube money to buy parts for my JDM cars so I'm not taking from the family expenses.

[@johnnylongstocking128]

@@jonflynn you added another agent that doesn't sell any houses. They will fit right in at your office. Buch of nobody's.

[@DummMoney-rr1fi]

@@jonflynn what about the devaluing CDN peso? The nominal price increases will make your head spin!

[@quixomega]

All I hear from the real estate industry is that sales will pick up in the spring. But they don't seem to have any evidence behind it other than hope and the typical yearly cycle. I'm not sure where anyone would get money to push this higher. It seems like everyone is tapped out.

[@wethenorth269]

You know that he was making sense on a few points. He’s absolutely correct about the millions of “temporary Visa holders” overstay their visa eligibility. If Canada was to expel the illegal migrants (people overstaying their visa), we would have plenty of housing.

[@440x4b]

Appreciate the detail and the honesty....Great Job

[@MrFawaz2020]

Global Crash coming not just real estate

[@mondolilith7917]

“The Everything Bubble” … the GFC never ended, just printed over, given steroid shots. It’s gonna get ugly.

[@J.HG.C]

If a house sits on the market for 90 days, doesn’t sell, and is subsequently removed from the market is that somehow reflected in the days to sell metric? I’m guessing it’s only houses that are sold that supply that metric. Lots/ most of the homes in my area are still demanding 2021/22 prices. They sit for months then eventually de-list. Sellers with more realistic pricing sell within that 30~ day mark.

[@seahorse2]

Yes, I saw 3 houses near me list high, then reduced price, 1 by $20000 and the other by $10000 - and then both went off the market and delisted within 6 weeks. Are those houses in the stats. The real estate agent couldn't find them on the mls data and I knew about them. So I priced my home at land value and sold in 2 weeks. But I owned a lot and a half, so I feel good about the sale.

[@adducealethea2244]

I think your analysis is bang on .. Good stuff, keep it up.

[@DummMoney-rr1fi]

he's wrong

[@neanderthalman01]

We are finally going to be rid of the worst federal government in Canadian history. Canada has resources up its yin-yang and the conservative government will put people back to work, one way or another. Treat your house like a home and not some commodity to make a buck on. Why should I sell my house? If I don't have to. 2025 is going to be a great year.

[@PaulK-el9zx]

Exactly the mindset that needs to change in this country. A House is a Home not an investment. Governments can play a strong role in changing this mindset by changing tax laws. ie first million Tax free over that its taxable. Mortgage payments Tax deductible on first house.

[@veeo987]

@@PaulK-el9zx We need to do like New Hampshire that just scrapped their taxes on dividends and interest. They have no state income and sales taxes. The only thing that's taxed in NH is land values. So if you're rich enough to own real estate, you pay state taxes and it doesn't make you want to hoard land. Canada punishes hard work and barely taxes land ownership.

[@bbdj2779]

“Treat your house like a home and not some commodity…” LOL!! This Conservative Party?? Dream on.

[@IamJonny-o4v]

Great video! For 2025, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@JohnSmith060]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@KarenLavia]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@ChristianKelv]

Do you mind sharing info on the adviser who assisted you?

[@KarenLavia]

I receive guidance from coach Melissa Terri Swayne who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.

[@BellamyGriffin19]

I am grateful for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Melissa can provide me with the guidance needed to rectify the situation before it reaches a critical point.

[@MargaretWest-m8u]

More than a collapse in the stock or real estate markets, inflation has a direct impact on people's standard of living. It’s no surprise that current market sentiment is so negative. To navigate this economy, expert guidance is more crucial than ever. ETFs, stock markets, and the housing sector are all volatile. My $350k portfolio has taken a serious hit.

[@ToreyLanez]

However, there are still investors making solid returns during this period. You need to be well-informed or seek help from a professional.

[@Toni__Michelle]

In my view, investing was far simpler back in the '80s; today’s environment is much trickier. Those consistently profiting in the current market are usually professionals, which is why I've been working with an advisor for the last five years to build my portfolio in preparation for retirement.

[@FrankJaaay]

My partner is thinking about following a similar path. Could you provide more information on the advisor you work with?

[@Toni__Michelle]

I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.

[@HotManP-l5g]

Thank you for the recommendation. Finding her online was straightforward. I did my due diligence and scheduled a call-her credentials are impressive and she seems very knowledgeable.

[@monamatysik8259]

I've been waiting patiently for this part of the cycle. Time to take advantage :)

[@jonflynn]

You got this!

[@MBern-pg7ro]

Happy New Year Jon! Keep up the good work

[@DWood-j1j]

Great work once again Jon... next year should be very interesting indeed, the best of the New Year to you and yours!

[@sgj8929]

How about CRA increasing Capital Gains Tax from 50% to 66% without Parliamentary approval?

[@DummMoney-rr1fi]

joke

[@sgj8929]

@@DummMoney-rr1fi not a joke! Real!

[@Wink_Dinkerson]

LOVE the voice mail.... seems to me that someone just found the internet and jumped down a rabbit hole.

[@visionaryman3548]

Don't need the Internet to see it... just go to any local Canadian Tire, Tim Horton's, bank, etc.

[@Wink_Dinkerson]

@@visionaryman3548 Yeah, you're right. ... I try to stay away from people as much as possible.

[@klspate1]

I appreciate your channel Jon. Keep putting out the facts. Sometimes facts hurt feelings as that message you posted from that caller. I think it is PRICES of real estate that has been a huge issue

[@RyobiCEO]

The caller is right. Time to be honest.

[@Singsongventure]

I greatly enjoy your opinion and never feel I have to align myself with someone totally but I respect candor. Happy New Year !

[@lukeytweets1984]

Fantastic video. Thanks for the honesty and agree with you

[@jonflynn]

Thanks

[@goldguilder9554]

Flipping 14 homes in the USA you can use a Section 1035 Exchange to continue the asset so you don’t have to pay the tax since you’d be transferring the asset to a new property but Canada’s section 44 is not an exact equivalent and the exemption is much more narrow. This is a very common mistake Canadians make thinking Section 44 and the Section 1035 Exchange is the same thing.

[@argeldelacruz9545]

He’s not wrong been here 40 years and the problem was starting 10 15 years ago

[@Evilslayer73]

Since the clown is in charge the circus is full all day!

[@dilchakmadeil]

Then fo somewhere else

[@brianponcelet3529]

Good work Jon. Happy New Year!

[@kapanalex]

Happy new year’s 🎉 I think you’re spot on! Love your content! Thank you 🙏

[@bahsenhabib6385]

Happy new year to you 🎉I hope so

[@mxm7688]

Thank you Jon for your great info, im 100% agreed with your findings as well as I was in real estate myself for long time. Try to ignore rude and impolite people on the internet :)

[@jonflynn]

Awesome, thanks for the support. Funny story, he just watched my video and left me another message. He thought it was hillarious that I played the first one. Going to call him back later today.

[@peterbantock8746]

No Jon, he was a bit closer to the mark than you want to admit.

[@conniedav]

The caller was a racist slob. There are far too many of them in this country.

[@user-yf6eb9ns4i]

We bought our current house in 1993, a year after returning to Canada. We could have bought in 1992, but saw the malaise setting into the market. During that time, we put in a couple of low ball offers. Although they were quickly dismissed by the buyer, those numbers wound up becoming the MLS offer price only months later. When we finally bought, it was for 66 cents on the prior year listed dollar. I feel we are now well into a repeat of the early 90's deflation and agree with you that 2025 should amply demonstrate that. It's kinda sad that when people 2 years ago were giddy with excitement about how much their real estate holdings had increased, they instead should have been concerned about the impact of excessive monetary stimulus and policy-generated demand ......

[@jonflynn]

Great comment thanks for sharing

[@danielgaeta7147]

Thanks for sharing. I'm renting over here just waiting for the crash. If it doesn't come, I simply won't buy anything and keep saving my hard earned money.

[@therealhebrahim]

Your caller is not wrong the end was uncalled for 😂

[@PaulK-el9zx]

Agree the demand side is the main problem as he stated. Not supply.

[@rogue-gal]

😂

[@roberthodgins8856]

Thanks Jon. Hope you and your family have a wonderful new year.

[@mayonaisefrank8881]

Ur episodes are valuable. Watching all ads to support u. Happy new year dude.

[@jonflynn]

Thanks, much appreciated

[@joeharvie8362]

Happy New year Jon! Great analysis! Thank you for your honest opinion. I have seen the misleading stuff on mainstream media that tries to create fomo in the market. Best to wait for price drops before getting into this market. I'd suggest microstrategy stock in one of the savings plans to cash in later for your down-payment. Rrsp etc.

[@CallPaula4RealEstate]

Thanks for honesty

[@angelaclarke7572]

Jon, Thank you for doing these videos and for your honesty. Wishing you and your family all the best in 2025. AC

[@jonflynn]

Thanks, Happy New Year!

[@67bajabuilder]

Caller is frustrated and feels powerless and this obviously affects the context of the delivery. Nonetheless I agree...

[@jonflynn]

Yeah, he's probably not a bad guy. Kinda feel bad for playing the message.

[@sangtaeminam]

I'm an immigrant and as a first generation immigrant, the caller is correct and what he said feels very true... need a major policy changes to make things better

[@Xander71267]

caller is a racist look to blame other for his problems

[@dinagallis2664]

Happy New Year Jon! 🥳🥂 Best wishes for 2025!!!

[@AngelStar1030]

Unsubscribing. Caller is correct. From Canada to CanIndia.

[@jonflynn]

I guess you won’t be around to hear about the second message he left me.

[@randyhuke3773]

Your charts are skewed because the govt. provided GDP numbers are highly inaccurate. We have been in a recession through most of the Trudeau years, especially the last 6 or 7 years.

[@jonflynn]

Good point, it seems manipulating data is common practice among governments these days

[@mikebowers7719]

@@jonflynn JT is the king of manipulation

[@jasonriddell]

the charts ARE accurate as far as GDP is concerned the SKEW being talked about is GDP per person that HAS GONE DOWN for years in Canada BUT GDP "globally" in Canada HAS risen as shown

[@randyhuke3773]

@jasonriddell WRONG ! When the public sector is the biggest component of GDP you have a weak economy ! When real estate is the next biggest component, your economy is floundering ! Both of these components can easily be manipulated by govt. to disguise reality !!!

[@oceanbearing]

Two notes 1. I use a few online tools to see my house value. The value continues to decline. 2. One major real estate agent’s online tool was taken down. (They were the most bullish) now?

[@althunder4269]

They go quiet when the market gets soft.

[@jasonriddell]

I signed up for a listing E mail for a target housing price and style in my city around 2020 and as long as I click on the link it keeps coming and my price range since around 22 has gotten a BIT better but FEWER homes being listed - in Winnipeg MB

[@jasonwood8493]

The old guy made my day. 🤣

[@lajthabalazs]

Nothing like former immigrants bashing latter immigrants for coming here. Can't imagine how first nations might feel when they hear a rich boomer complain living in his suburban home near the Trudeau family, about the influx of students -most likely crammed in a dog crate condo with three others - taking up housing.

[@menguardingtheirownwallets6791]

I do agree with that caller, but the way he says that feels so CRUEL and inhumane, even though he is correct. If we were building 500,000 new housing units per year and we were creating 1 million new jobs every year then maybe we could import 1 million new people per year into the country, but that would still overwhelm our roads and hospitals. But at the current level of 1.2 million new people coming into the country each year, people are going to start to die, it's as simple as that.

[@tiffany.Elizabeth.]

I still don’t want them here. Why millions of Indians?? How does that culture meld with Canada? It’s been a disaster for anyone nearby

[@jonflynn]

Great comment. I did receive another message from that person after he saw this video. He actually seems very decent. He said him and his wife were laughing their butts off when he heard his voice and thanked me for playing it lol. Going to call him later today.

[@jasonriddell]

think a MAJOR "issue" is like the US debate H1V-H2V temp workers and WE have "low skill" version of H2V programs (not the same but DO the same "job") I grew up in Vancouver and Whistler is famous for temp workers often from Australia to run the ski season as FEW Vancouverites WANT the job

[@isaaczelcer119]

Hi Flynn, huge fan love your show. Strongly beleive you have the best analysis. Wanted to know if you can do a session on land prices as my math says we went up 700 to 900% since 2015. Would be a nice deep dive access all provinces and what your predictions are moving forward.

[@vitaliebruma5886]

In Abbotsford BC I don’t see any new detached build only condos so house price will keep going up in BC

[@marshferguson4737]

I love how the media ( CHCH) said that re max is expecting an increase in sales and prices but it will be short lived! Does anybody look at the unemployment rate when doing these statistics?

[@retrogamer82]

Typical MSM spewing propaganda

[@Richard-ez6nf]

Great honest reporting

[@AshrafulAlam-zw1xw]

Happy new year John.

[@proudcanadian1837]

Great content, and I always appreciate the data driven approach to your videos. Keep it up, and heres to an amazonf 2025!

[@Aasmin]

Great video as always! Could you please make a video specifically for first-time homebuyers? I'm curious how freehold townhomes around the $700K mark will be impacted in the coming months, especially with the current market trends. I know detached home prices are expected to be hit, but I'm wondering about areas with high density like Brampton and Mississauga. What do you think will happen to house prices in those areas? Appreciate your insights!

[@seanoleary6949]

Keep saying it.... Even a broken clock is right twice a day ...

[@milhouse8166]

Meaning it will happen 👍

[@nextlevls]

thanks for the analysis

[@rustyrestorer6009]

First time listener & you call a man who disagrees with you a drunk. My opinion is that he is right. No rentals avail here in NS & half the staff at my McD,s can barely speak english😮😢

[@jonflynn]

Thanks for the feedback, as I said in the video I always said supply isn’t a problem but he accusing me of saying the opposite. He doesn’t make sense in some of what he says and sounds drunk then tells me to fuck off. Do you go around leaving people voicemails like that?

[@deemarie8887]

I’m in BC. White is officially the minority where I live now. Just happened in the last 6 months. Insane.

[@Xander71267]

@@deemarie8887 poor guy

[@bensonjacob8033]

I've been hearing this for so long, might be some dips and that's it Prices will continue to go up

[@DTrent-uy1wl]

Bong

[@DummMoney-rr1fi]

You and Market Mania are tied for most out-of-touch KZbinrs in Cdn real estate.

[@Xander71267]

how much do you owe

[@bebepixiee]

How are we sending people to jail for not paying taxes but if you break into a house with a weapon to steal a vehicle you don’t go to jail.

[@charlesponzi9608]

Yes, and taxation is theft.

[@wally6193]

trudeau's Canada, that's what it is. Yes the guy should be in prison, but so should all of the other criminals that are getting a free get of jail card from the dictator trudeau.

[@sheka5526]

great data and analysis ！Thank you Jon. 👍🏼🙏🏼

[@bbeamish08]

luv the pic at 15:47m...I actually teach my students to hunt this specific price pattern in other trading assets. It is harmonic in nature and both presents a way to make money on the way down but also presents a very good buying location once complete. P.S. the pattern suggests we are about half way through "the correction" in price. Stink bids appear to be best placed in and around the $525k area.

[@kelechinwaiwu2524]

Thanks, Jon, for this great analysis. Is there a data set for NS market? Or is there a notable realtor who makes this kind of analysis using NS market?

[@btech918]

Great info. Thank you. The outlier regardnig home prices appears to be Edmonton. What are your thoughts about 2025 Edmonton market?

[@rmk514]

Thanks John

[@Steve-hh8bu]

how long have you said the crash was imminent? Would there be any situation in which you see it possible that you no longer believe the housing crash will happen?

[@johnnylongstocking128]

When it doesn't crash in 2025 Jon will have a new video out saying the crash is imminent in 2026. Same as what happened in 2023 and 2024 when the crash was imminent.

[@mannydrives]

Why didn’t you include housing prices with your chart at 14:37?

[@Opinionated363]

Good honest advice based on facts!

[@doloresbeavan3266]

Happy New Year... Here's to 2025 bringing us all health and happiness 🎉🎉

[@architecturaldesigns7465]

Happy new year

[@Maryb-j5k]

Thanks Jon for your videos and for the information you share. Sadly, Canada’s economy is going down and it’s going down badly… Even with a new government (hopefully sooner than later), it will take years for things to go back to normal…

[@matthiasvaillancourt8877]

The guy at the beginning is completely in his own world lol Thanks for sharing it ^^

[@MrBojo-jv4qq]

Happy New Year!

[@sojourneroftheland]

Finally someone with a realistic 2025 greeting lol

[@Fausibou]

I so agree with that man from Vancouver: the problem is that people operate from a false definition of what a nation is and then from this false definition comes foolish policy.

[@darrellnelson8072]

If you were to add real inflation, not government numbers to the price drop since the peak, the outcome is much worse.

[@kurtnewman8942]

God bless and thanks for your honesty. Sincerely Waiting on the side lines.

[@maxpayne7419]

I don’t believe there will be a significant crash in the detached homes segment. My best read is home prices will be flat for 5+ years from now, following a mild recession. This will slowly bring affordability back.

[@Wildsam157]

I agree ,and to top it up 66% of the Canadians are home owners,none of them ,none of the banks,not the government wish to see the market crash as that makes the country literally bankrupt. It will be flat until the economy improves and the interest rate stays moderate

[@jasonriddell]

@@Wildsam157 agree BUT if we have a LONG and FLAT run without "stagflation" its hard to see ANY recovery EVER because Canada will FALL further behind the USA and will be harder and harder to build the productivity growth NEEDED to get income growth so we CAN "catch up" and could easily fall into a TRAP like JAPAN has had for 20 years where JOBS dont pay well and we watch our buying power rot away and government debt to DELIVER the same or WORSE service balloons till most of the young productive people LEAVE for friendlier pastures and even immigration wont "save us" and we have a population crash followed by a government crash

[@RaymondKeithThompson]

WOW thank god i made this presale. Your last call it was too late this will make up for it.

[@brianmarsh9632]

In 1992 the Bond rating Agencies warned that Canada's debt would force our dollar into junk bond status. Chretien cut budgets by 10% across the board. This included 10% cuts to Provincial Transfer payments.

[@fillmorehillmore8239]

Any information on cash buyers vs mortgage?

[@John-u4l9y]

We pay more for property tax than mortgage and taxes when house was purchased

[@offgridwanabe]

I don't see the problem real estate goes up and then goes down the banks always make money even if they have to seize your house. Don't spend more than you can afford and you will be all right.

[@shanesteele778]

Your doing an excellent job great show everyone has a opinion but this is a very big problem we are facing and its going to take everyones brain power to fix this one day at a time with all of us working to lower taxes, land and government intervention in the housing market 👍

[@mikehogan1827]

I like the analysis that you bring to this discussion. It would be interesting to see a graph showing annual incomes net of the cost of living, excluding accommodation costs. And comparing this to the mortgage arrears over, say, 25 years may be quite telling. The fundamental view I hold is that house prices will eventually revert to a mean multiple of that net income. In other words, an affordability mean. I’d love to hear your thoughts on this.

[@jonflynn]

Great idea, to have a truly accurate chart it would take a lot of research since the governments data is fragmented and inconsistent. Even trying to get household income by year is challenging. Sometimes it's median, sometimes average, before tax after tax, or doesn't specify. They obviously don't want us to know.

[@karanvirminhas3817]

I thought you were saying it was all supposed to fall apart in 2023 and 2024 😂😂😂

[@yvesgingras1475]

Its kind of is tho, price are flat witch mean they are falling if adjusted for inflation. And we all know how massive the inflation was those last 2 years.

[@johnnylongstocking128]

Jon said we would have 2018 prices by now. Didn't happen either.

[@JS-jh4cy]

What about the big wall or mortgage renewals in the next 36 months... will that show an impact in the prices and listings.

[@Triggerman2505]

The minute that guy on the message started talking I knew he had to be from Vancouver area lol. 😅

[@jaspreetsidhu5708]

yea gives me nimby vibes.

[@johnnycroat]

I am seeing house solds coming down 500K+ since Mar 2022 highs, yet the price is still crazy high

[@wally6193]

that's because the realtors want to keep it up so they make more on each sale. Just greedy considering what work they actually do, it's a crime what they charge and always has been. No better than used car salespeople = ripoffs!

[@925inder2]

Maybe price to rent ratio should be included in your market measures. It is still way too high in GTA.

[@halborchardt6547]

Best stats man, curious of a break down of how many sales vrs the amount of salespeople working per province divided by, is there a way to find out that info. Referring to the uber driver that only sold 1 house last year. I’m wondering if there are more real estate agents in that situation.

[@rajesh1083]

Thats what you said in 2023 as well

[@johnnylongstocking128]

Jon is always wrong.