High cost of housing has young Canadians on the move

  Рет қаралды 8,369

Financial Post

Financial Post

23 күн бұрын

Marc Desormeaux, economist at Desjardins, talks with Financial Post's Larysa Harapyn about the June numbers from the Canadian housing market.

Пікірлер: 128
@nicolasbenson009
@nicolasbenson009 16 күн бұрын
To my own research In Canada, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
@EddyAgnes-vy4kp
@EddyAgnes-vy4kp 16 күн бұрын
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
@bernadofelix
@bernadofelix 16 күн бұрын
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
@SandraDave.
@SandraDave. 16 күн бұрын
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
@bernadofelix
@bernadofelix 16 күн бұрын
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.
@HectorWhitney
@HectorWhitney 16 күн бұрын
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.
@DolfSmitler
@DolfSmitler 22 күн бұрын
Newly graduated medical doctor here. Moved out of Canada as soon as I graduated. Good luck everyone
@Doug-zl8nb
@Doug-zl8nb 22 күн бұрын
Nobody's jumping in the market.The ball game is over.Okay it's o k forever canada will have to change their name one day to india
@PatriciaMary11
@PatriciaMary11 19 күн бұрын
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
@RandyVincent808
@RandyVincent808 19 күн бұрын
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
@chinwu5042
@chinwu5042 19 күн бұрын
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
@BrittanyDoris
@BrittanyDoris 19 күн бұрын
I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
@TheresaDiana12
@TheresaDiana12 19 күн бұрын
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
@PatriciaMary11
@PatriciaMary11 19 күн бұрын
As a beginner, it's essential for you to have a guide. Myself I'm guided by Mr Michael T Abagnale a widely known consultant
@ilikeshroomgals
@ilikeshroomgals 22 күн бұрын
Leaving Canada is the best move.
@bushy240
@bushy240 22 күн бұрын
Close family relatives have forever left Canada for the USA.
@ChloeCarter-kd7gz
@ChloeCarter-kd7gz 22 күн бұрын
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
@EricaWaters-lr6zw
@EricaWaters-lr6zw 22 күн бұрын
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
@HRMColoniallifeinsurance
@HRMColoniallifeinsurance 22 күн бұрын
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.
@OliverLiam-px3vx
@OliverLiam-px3vx 22 күн бұрын
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
@HRMColoniallifeinsurance
@HRMColoniallifeinsurance 22 күн бұрын
My CFA, Desiree Ruth Hoffman, is 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.
@EricaWaters-lr6zw
@EricaWaters-lr6zw 22 күн бұрын
Thank you for this tip. I must say, Desiree appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
@Hurfdurfhurf
@Hurfdurfhurf 22 күн бұрын
I am a middle millenial with a fairly high income (more than double the national household average) but I live in an area where houses are 1M+ for war time teardowns. Many of my friends have already left the country, and as much as I am a patriot, it just makes a lot more sense, if you are a professional or are otherwise a higher earner, to head to the states if you are able. I like Canada a lot, I grew up in rural Ontario with the total "Canadian experience", but it is a country that has chosen to intentionally grind the young to benefit the established, so, it's probably best to play the game and take the hint to bounce.
@l-leviathan
@l-leviathan 15 күн бұрын
Move to Alberta. Better wages, cheaper homes, less taxes. I just bought a 6 bedroom house on a half acre lot, 30 mins outside Calgary for $175,000
@peej91
@peej91 22 күн бұрын
More like leaving the country
@Doug-zl8nb
@Doug-zl8nb 22 күн бұрын
People are. Very smart to move out of Canada.It's a third world country.We have a corruption of government snake running the country
@vanillatgif
@vanillatgif 21 күн бұрын
Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place
@Faijan-zx5ov
@Faijan-zx5ov 21 күн бұрын
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
@faysdt414
@faysdt414 21 күн бұрын
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
@MeliszaMagalyMezaEspinoza
@MeliszaMagalyMezaEspinoza 21 күн бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
@alasdekarton
@alasdekarton 21 күн бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
@ufuksenol2005
@ufuksenol2005 21 күн бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@charlesrobb6912
@charlesrobb6912 22 күн бұрын
Decreasing immigration will increase affordability. Very few immigrants work in construction and they create almost all of the demand.
@kirkm5
@kirkm5 22 күн бұрын
I was going to make the same comment. His "balancing effect" comment is nonsense, because if 500,000 people come to Canada, all 500,000 will need housing, while only a percentage will go into construction. Even if 100% went into construction, they couldn't meet the demand. They wouldn't even qualify as tradesmen. It's a ridiculous argument.
@dishappywithlife2556
@dishappywithlife2556 21 күн бұрын
This guy is living in de-lu-lu land. We don’t build houses because we have bureaucracy lined in red tape, until that changes there’s no houses going to be built in time to see change. So bringing in more immigrants is not a solution, we have issues around building, plus the cost to build them is expensive, thus builders don’t want to take on new projects. Sir you need to read the room. 🙄😐
@davidperri8862
@davidperri8862 22 күн бұрын
Increasing amortization is the worst solution for the average citizen
@lowoctane
@lowoctane 22 күн бұрын
Yeah, working on moving to the US, whatever it takes.
@jesset55
@jesset55 22 күн бұрын
Heck ya. Sold my house and leaving Canada ASAP. The U.S. will gain an even bigger portion of Canada's tech talent over the next few years and they typically don't come back. Lower cost of living with a higher salary is a no brainer.
@mortdigo
@mortdigo 22 күн бұрын
With a lot of Chinese investment in the Mexican economy (building multiple Electric Vehicle plants, solar panel manufacturing etc), a lot of Canadian talent (scientists and engineers) will also be moving to Mexico. Also, there is no DEI in Mexico hiring....therefore even white guys are welcome in Mexico :-)
@bourbonlover7158
@bourbonlover7158 22 күн бұрын
If only we had lumber and land
@JohnEdmond-nz2lm
@JohnEdmond-nz2lm 21 күн бұрын
Nothing has changed to build a house. What has changed is the dollar has been eroded.
@leinad5243
@leinad5243 22 күн бұрын
It's a 10 yr correction...
@leinad5243
@leinad5243 22 күн бұрын
You both should work in construction...increase Canada's productivity....add value not noise😂😂😂😂😂😂😂😂😂😂😂
@christy7kkim
@christy7kkim 21 күн бұрын
That is perfect. People who do real jobs should be valued more.
@hchalz
@hchalz 22 күн бұрын
On behalf of young Canadians, Trudeau and Freeland must tax the old Canadians to their last pennies. We want to live in Canada where everyone is equally poor, but happy, since it's absolutely fair.
@user-zx5hb6wi4k
@user-zx5hb6wi4k 22 күн бұрын
I was raised very poor and worked my butt off, why not try that?
@hchalz
@hchalz 22 күн бұрын
@@user-zx5hb6wi4k ask Trudeau and Freeland.
@SquarishLink
@SquarishLink 22 күн бұрын
lol this is funny and its what the boomers have done to the younger generations.
@atheistpower5659
@atheistpower5659 20 күн бұрын
No disabling comments Ok so far this Channel is way better then the CBC and I will give it a watch in future .
@claudia-vp1kd
@claudia-vp1kd 22 күн бұрын
Not only housing but all the cost of upkeep, property taxes are extremely high! I pay $350 a month just in property taxes (Guelph Ontario) in contrast, my USA coworker pays the same for a 4bd 4bath house in 4 ACRES , mine is an 880sqft CONDO, why does nobody talk about that???
@soulitaryconfinement516
@soulitaryconfinement516 22 күн бұрын
The reason that is happening is coz when assessed your house is in millions while in the USA when they assessed the house it's not worth that much. So we again will come back to the issue of unaffordable housing here in Canada. and round and round we go where it stops nobody knows coz we all seem so stupid and driven by greed especially our chosen leaders.
@claudia-vp1kd
@claudia-vp1kd 22 күн бұрын
​@soulitaryconfinement516 not really, houses in USA are cheaper than in Canada, my condo here is about $550k cad, my coworker property is $320,000 USD (I checked with him) so, no. Besides, we are comparing 880sqft vs 4 acres.
@claudia-vp1kd
@claudia-vp1kd 22 күн бұрын
​@@soulitaryconfinement516 millions for 880 sqft CONDO !? I wish! My condo is not waterfront Toronto 😂
@leinad5243
@leinad5243 22 күн бұрын
Generational 100 yr mortgages like Switzerland and Japan coming
@leinad5243
@leinad5243 22 күн бұрын
The definition of super saturation applies to debt levels in Canada..
@CanadaContent
@CanadaContent 21 күн бұрын
Who are going buy these houses?
@l-leviathan
@l-leviathan 15 күн бұрын
Alberta. I just bought a 6 bedroom house on a half acre lot 30 mins outside Calgary for $175,000. Plenty of cheap houses in southern Alberta... for now.
@ameliavv1019
@ameliavv1019 21 күн бұрын
Gonna rent out my condo in Edmonton to some Indians and live off the rental income on a beach their country where I won't have to work and the rental income will cover all my expenses. I'd like to live and work in Canada but the wages are so low and costs are so high it's just not worth it to stay and contribute.
@B_knows_A_R_D-xh5lo
@B_knows_A_R_D-xh5lo 7 күн бұрын
0:05 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾 0:11 unpack it all 0:18
@bethanieknapp1467
@bethanieknapp1467 19 күн бұрын
lol I like how realtors were big part of pushing prices going high up, and now suggesting those who can't afford it should move to elsewhere, I hope your industry crushes you guys
@chris14091975
@chris14091975 20 күн бұрын
why don’t we try it. lower immigration a bit and increasing supply
@jmb9701
@jmb9701 21 күн бұрын
This guy is just pushing the status quo govt lines. Prices are too high, interest rates need to stay where they are, or go up.
@alexg9727
@alexg9727 21 күн бұрын
My India investor landlord are attempting to sell an apartment they bought for 270k last year for 370k this year. 120 days on the market. I kind of love laughing at how dumb these people are
@tylerrobdavis
@tylerrobdavis 22 күн бұрын
Most young couple have to choose...parents or homeowners. Sad.
@l-leviathan
@l-leviathan 15 күн бұрын
Yep. If you choose to live in Ontario or BC. Move to Alberta. Wages are better, taxes are lower and houses are cheaper. Can buy homes in southern Alberta for a fraction of home prices in BC and Ontario.
@mortdigo
@mortdigo 22 күн бұрын
With a lot of Chinese investment in the Mexican economy (building multiple Electric Vehicle plants, solar panel manufacturing etc), a lot of Canadian talent (scientists and engineers) will also be moving to Mexico. Also, there is no DEI in Mexico hiring....therefore even white guys are welcome in Mexico :-)
@alaalrashaeideh1154
@alaalrashaeideh1154 22 күн бұрын
Tax investor more , they should not have 50 percent without tax. Capital tax gain on primary residence. More incentive for people to buy land and build their homes!!!!
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