THE CANADIAN HOUSING CRISIS - WHAT'S COMING NEXT?

In this video, we'll be discussing the Canadian housing crisis and what's coming next.
As you may know, the Canadian housing market is considered the biggest bubble market in the world. Let's dive into the details of Canada's Real Estate market and discuss the increasing interest rates, rent hikes, heavy immigration levels and how it's impacting the housing market. There is a fear of the housing market crash and if the bubble will burst!
#realestatecanada #canadavlog #canadahousingcrisis
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💡About this channel:
Sharing is Caring, right? I'm here to share my experiences during my journey landing as an International Student, transitioning to a full-time worker and becoming a Canadian PR. Stay tuned to learn about real-life lessons from real-life experiences while staying abroad. Like, Share and Subscribe.. to show your support!
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Disclaimer:
Please note, that I am NOT an immigration consultant or advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted. Therefore, I take no responsibility for any decisions made regarding your application or life based on the information shared in this video. Please do your own research before making any kind of decision.
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[@LifeofRishabh]

Please feel free to share your thoughts!

[@varuntuli1]

dude I think after getting PR, you started complaining about the immigration. Let other people also come

[@LifeofRishabh]

@@varuntuli1 I never complained about immigration, my friend. In this video, I stated that if the government has plans to bring a million people into the country every year then they should also have plans to provide housing to those million people

[@Nitish.Singhal]

​@@varuntuli1 Bro even if he does.. it's not something false ... Canada is getting tougher every month.... India se students ko 2 saal pehle ki picture dikti hai bas...ki sab hojayega...bas Ajao....

[@ASKYOGI]

We are in the same city ...let's catch up in person

[@mikobilli9473]

I love the way he speaks ....very straightforward!!!How many ppl, especially in Canada, so u see educating about such stuff??

[@veerchavda1502]

Great information. Thanks for sharing

[@Nitish.Singhal]

Thanks Rishabh bhai for showing the reality of Housing market....only Indian youtuber who talks with facts and figures.... Majority immigrants don't know the reality of Housing market... People living in Canada for 5-10 yrs...are struggling with morgages.... New immigrants won't be able to get a house of next 10-15 yrs....if incomes doesn't increase atleast 30-50% in next 3-5 yrs... which is next to impossible.... In upcoming winters....you will see huge amount of bankruptcies of both housing and small businesses....in Canada.... This winter will hit Canada very hard... Pls recommend all people to do limited expenses...🙏

[@ronakkumar1934]

great research rishabh bro. good luck

[@IslamicPeace528]

Good one Rishabh!

[@thor6111]

main word is “you know”

[@smwk2017]

In USA, housing construction is dead due to high interest rate. People with low interest rates (30 to 15 yr term mortgages) are not selling because they don't want to buy replacement houses paying high interest rates. People continue to seat on the sideline and rent.

[@mw99099]

Excellent Analysis 👌👍

[@timus90210]

You seem to have wisdom double ur age...wow! 🙏🏼And yet u r so grounded...

[@LifeofRishabh]

Thank you for your kind words 😊

[@jaswindersinghsaini735]

Very nice vlog brother ji 🙏👍👍👍💕

[@vikrant8505]

Mujhe yaha india m lagta tha ki Canada m sabke pass mustang h but reality hits different sometimes 😅

[@arashdeepsingh7675]

Wiseman Rishab ❤

[@mehakpreetkaur1884]

Hi rishab, Can you please make a detail of video of , how to apply to university and the criteria of applying to universities or colleges for the people who want to continue studies or switch their study field after getting PR in canada.

[@aadisharma9000]

Hlo, Rishab bhaiya how are you. Muje eak query thi ki jaise mai university of Lethbridge mai Undergraduate finance diploma kar rha hu and mera major finance hai toh like mai agar dollarama mai manager or team lead hu toh mai PR kai liye eligible hu like it’s count in field job mera eak subject Management bhi hai, yaa phir majors depend karta hai field job kai liye. Please bhaiya reply kar dena.

[@LifeofRishabh]

I would recommend you go to the university website, search for your program and check the course outcome. This will guide you with the job titles relevant to your study

[@canadianjatti]

small correction...Canada actually has mortgage terms up to 25 years but they are not common. RBC is the only lender that offers a 25 year term and the interest rate is currently 12% for that term

[@LifeofRishabh]

25 years is the most common amortization period in Canada. It can be longer if it’s a conventional mortgage

[@canadianjatti]

Yes, I am aware. I was not reffering to the amortization. I am talking about the term of the loan. In your video I think you said 5 years was the max. That is incorrect.@@LifeofRishabh

[@LifeofRishabh]

@@canadianjatti Yes, 3,4, and 5 years are the fixed interest rate periods after that variable rates comes into effect for the rest of the amortization period. Based on what most lenders offer in Canada as of today.

[@canadianjatti]

I think you are missing the point. There are longer terms such as 10 and 25 years that are offered on a fixed rate but yes, the 5 year fixed is the most commonly chosen one.@@LifeofRishabh

[@asadb1990]

Im in the usa and you can get 25 year amortization. Many people are still locked down at the old 2-4% and are locked in. In canada most banks only offer 25 years mortgage for high ratio (less than 20% down). If you do 20% or higher, then 30 or even 35 year is possible.

[@KOMALSHARMA-mo7xc]

its sad , see what happens

[@Nitish.Singhal]

Bhai Delhi has 30 million in recorded and another 7-8 million of migrants from other states... Delhi Ncr has more people then Canda.... Meanwhile China biggest develped cities Shanghai , Beijing has 25 million people..with bigger land area... Canada housing crisis is opposite of China... China has way more houses then needed and people bought them to flip in future....and Canada has less houses then Needed for future forecast population.... Both are in Real estate crisis due to morgage...

[@LifeofRishabh]

You’re right about the China’s housing market

[@smwk2017]

Canadian housing prices are a bargain for HKgers and Mainland Chinese. If it crashes, they will be brought up very quickly.

[@Nitish.Singhal]

@@smwk2017 yes , but you and I both know how difficult the CCP has made investing in Canada after Huawei and Michaels story.... China has limited capital flight from mailand to Canada... only CCP high ups and there friends can pour millions of dollars in Canada... Hardworking Chinese have to still work hard in Canada... 👍🏻

[@Nitish.Singhal]

@@smwk2017 Are you from mainland or HK...?

[@smwk2017]

@@Nitish.Singhal I am neither. The 20% foreign buyer tax is the counter-measure of foreigners buying up Vancouver houses for investment. No one lives in them. Similar actions in Ontario as well.

[@chillpill856]

@lifeofrishab - Bro is ottawa a good city to buy house?

[@LifeofRishabh]

Depends on your lifestyle

[@kulrajsingh5472]

Rishab h my daughter is studying in same your course and same college in 3rd semester so please what your suggestions for her …..

[@muriyadanthomson]

Bhai, aapka house hunting kaisa chal raha? On-hold or still looking?

[@ajaynehra5800]

Bhai Belleville city kaisi hai mera offer letter aya hai vha se kuch bta do thoda

[@LifeofRishabh]

It’s a small city 3 hours east of Toronto. I believe you may have to relocate to find work

[@shreyachhetri5688]

Hii bro Is Edmonton good for part time job and studies

[@LifeofRishabh]

Edmonton is a good city. Please check the current part-time job opportunities on Indeed

[@patelmilind7621]

Can person buy a land in canada??

[@LifeofRishabh]

Yes

[@theindianbeast6476]

They should make a law one person can only buy 3 house

[@veerchavda1502]

Best way to live comfortable life for middle class is... come to canada get citizenship.. earn in dollars invest in india (stock market gives 15% return)... travel world..enjoy life no stress.. work until your 50s and go back.. have a great retirement life..with good Healthcare..good food. House help and with friends and family 😊. Also convert your pension dollars in rupees😂 and chill out 👍

[@mrandmrsminhas8522]

toh bhai what's the solution,, remote areas mein rahogey toh kaam kaise krogey ? canada ki citizenship leh k America ja sakte hai ? ja fir paise kma k Back home invest kr k retire ho jao..

[@Nitish.Singhal]

For that you need insanely high salary or income....coz your 35% -40% tax will paid to Canada then other 10-20% in USA .. if your earning from USA is more then a certain amount 120 k dollars(appx no.) It is worth it for individuals like IT professional , Doctors , scientists or entrepreneurs only... If you earn 150 -180 k then Canada is best ... If you can earn more then that then USA is better....for career growth

[@mrandmrsminhas8522]

@@Nitish.Singhal are you currently in Canada ? what professions offer around 150k each year. How long will it take a student to reach that number not everyone can be a doctor or IT professional

[@gajanan0069]

Thanks , can you please share me, In Calgary software job available ..

[@LifeofRishabh]

Please check on LinkedIn

[@Prince_official_0048]

bro love you but you know bar bar kan m chub ta h bhai.

[@LifeofRishabh]

That’s how you know it’s not scripted 😅😂

[@AmitKumar-in6ce]

You know 😂

[@sarbpreetsingh4348]

Anyone for centennial college jan 2024 ??

[@Young.man.]

Dude , are you learning anything about financial freedom..or what ?!