The Canadian Housing Market is About to Flip...

[@GriffinMilks]

The Canadian housing market is faced with many challenges and variables... Here are my thoughts! ✅ Get a $50 Bonus & 6% APY with Simplii Financial!: refer.simplii.com/6DqBP6 ► 🇺🇸 🇨🇦 Get 6% APY & $200 in FREE Cash with Moomoo (Stock Broker): j.moomoo.com/00Cwm8 ► My FREE Stock Investing Course (Skillshare): skl.sh/3ODk1tN -Griffin

[@marlene_orja]

People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. I now look towards the stock market to fuel my millionaire goal. Sure I'm not alone in my chain of thoughts.

[@J.woltz48]

I like both. But in my experience, most of the millionaires that I know have gained their wealth through diversified investments and they all had a sort of advisor helping out with informed decisions.

[@everceen]

IMO, advisors are the ideal reps for investing jobs, and straight up! that's how I’ve stayed top for 5 years now, accruing nearly $1m after 100s of thousands invested. IMO, home prices will need to fall at least 40% before the market normalizes.

[@andykuzman]

​@@everceen this is great! who is your advisor please, if you dont mind me asking? in dire need of proper asset allocation

[@everceen]

She goes by ''Karen Lynne Chess'' a seasoned advisor with over two decades of experience. You can research her further on the internet, her qualifications speak for itself.

[@andykuzman]

@@everceen thanks for sharing, I must say Karen appears to be quite knowledgeable.. just inputted her full name on the web and at once came across her consulting page, no bs!

[@DonaldMark-ne7se]

Don't have a job = can't afford housing. Have a job = can't afford housing. So why have a job?

[@JacquelinePerrira]

I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[@Jamessmith-12]

A lot of folks downplay the role of advlsors 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.

[@kevinmarten]

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.

[@Jamessmith-12]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@kevinmarten]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@GillerHeston]

I’m closing in on my retirement and I’d like to move from Regina to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[@joshbarney114]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@rogerwheelers4322]

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.

[@FabioOdelega876]

I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

[@joshbarney114]

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 ‘’Marisa Michelle Litwinsky’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@FabioOdelega876]

Thank you for this tip , I must say Marisa, appears to be quite knowledgeable. After coming across her webpage, 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.

[@tommynickels4570]

Too many people were let in the country. End of story. We dont have enough doctors, in Quebec some kids dont have teachers, and we dont have enough housing, and certainly not affordable housing.

[@anonimouse9410]

I remember reading about Canada's housing bubble when I was a junior in high school. I am now 33 and still live with my parents. Logically, all bubbles must pop...but I still don't think I'll see it in my lifetime. Even if it starts to pop the government has made it clear they will just bail out idiots who took on too much debt. There are plenty of rich boomers and landlords who can continue to buy extra rental properties. Oh, you need to charge $7000 per month in rent to pay the mortgage? Doesn't matter, twenty Indians will pay $350 and share it.

[@alexrubin5955]

What if there is legislation and enforcement to "outlaw" 20 people in a basement? I believe we have the laws but no teeth currently.

[@lazerhawk2192]

They keep extending amortization, BOC is buying MBS, a lot of employees are goverment and are forced to the office. The M2 money supply is a better measure of what a house will sell for than affordability sadly.

[@0x0MuGeN0x0]

Densification is not an issue, but building shoebox condos which are approaching Hong Kong standards definitely are. We moved here from Singapore and are used to a condo/apartment life. But even in a densely packed country like Singapore, we were living in a 900+ sqft condo paying lesser than what we’re paying in Toronto.

[@2john149]

Canada is a cold country and the reason why prices like the proces on year 2000 was affordable. For house prices going up to 600k to 900k currently is ridiculous. Our country is not a tropical island. Prices are so inlfated. I would rather buy a home 300k in a warmer country.....

[@flyinphil42]

The only way out of the housing crisis in my opinion is to open up parks where people can rent a space to keep their parkmodel RV. The condos have expensive strata fees and single family housing market is out of reach , so only option is to live in a manufactured home.

[@bryankerr9174]

The house price did not go "parabolic" after 2005. It did rise, but only after 2019 did it resemble a parabola.

[@oliyahavrylov446]

I see many old people live in huge houses just two of them and they are not downsizing. They are sitting on multiple properties while young generation is forced to move outside the city.

[@flyinphil42]

@@oliyahavrylov446 I see that too, something wrong with that picture

[@Grace.h-t8o]

All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.

[@Theodorebarba]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money

[@Helen_white1]

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.

[@Thompson-e7h]

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

[@Helen_white1]

Stacy Lynn Staples is the licensed advisor I use. Just research the name. You'd find necessary details to work with to set up an appointment

[@berniceburgos-]

Thanks for the recommendation, 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.

[@jessehamlin3420]

Good video Griff. Seems like single family is the place to be as most of those 14m new "homes" will be apartments which is going to depress that market and increase demand for scarcer properties like SF and townhomes. Theres a reason why there are bidding wars in SF right now.

[@melvrv90]

34% in 4 years, that's less than the stock market. Canada's obsession in putting their investing money in overvalued real estate, thanks mainly to local and foreign investors, is why it is falling behind almost all big economies and heading toward a lost decade. In the long run, fundamentals matter, the debt level is higher than in the US housing crash of 2008, bankruptcies, delinquencies, unemployment are increasing and we already see inventory increasing. A lot of rentals have been created in basements and immigration is decreasing, partly because the economy is shit. I don't expect a rise in housing prices in the near future, only a massive stimulus potentially could do that. Canadian banks might even go bankrupt if more of the bad loan they hold stop being paid, the governement is already bailling them out without anyone knowing.

[@dinoa.17]

Toronto Vancouver house prices ll go down %85 imminent

[@snowwhite2709]

Doubt it. I'll only believe it if it ever happens.

[@press2701]

I'm not "blaming" immigrants but, as usual, the govt thinks with their heart not their heads. Where do you think all those 1M+ folks are going to live? Did anybody in Ottawa think about that? Nope. Prices heat up. What about jobs, did Ottawa consider that? Nope. Unemployment up. So, blame voters. You get the govt you elect. Don't like it, vote.

[@markz1013]

With their hearts? Are you kidding me? The only reason the immigration has been so high is to keep the tax money coming in to keep the public sector afloat.

[@vert911]

going to flip between the next 1-6 months, max

[@stephenfermoyle4578]

Your ''Canadian average'' ? on paper does not equate to the reality of today's Market.

[@GriffinMilks]

This is the average across Canada. WOWA figures. Of course in BC and Ontario the prices are higher

[@parthppatel28]

Lol what a FLAWED logic that ever greasy realtor and real estate investor is pushing, if rates cut by only a little and prices go up then essentially buyers are paying same or more for payment !!! No one was taking variable rates in these recent years and these cuts are not going to be much for the rates people will ACTUALLY be taking. YOU'D be in a BIG SURPRISE to see how housing reacts. Don't listen to him if you can't afford to lose your money.

[@GriffinMilks]

Rates may come down by more than more than 1.5% through to 2025. How is this a flawed logic? There are still millions of sidelined buyers who want to get into the market. I agree with you that it's still very expensive, but that's the Canadian reality, at least for now.

[@parthppatel28]

@@GriffinMilks yea cause you only accounted for sidelined buyers, how about sidelined sellers 😄? In my small city here I've seen numerous houses getting cancelled not selling and coming on market again and sitting. I've been hearing rate will cut from Realtors since 2 years so when someone tells they'll cut by certain amount or how housing will perform I take it with boulder of salt.. also why would bank over cut so the housing runs up and why wouldn't it cut just enough to reach where buying power is? I don't think they'll sea-saw with rates. So I've known is that people in industry have 1 job: to create fomo and sentiments in buyers.. won't work this time and only fools will fall prey to it. You watch we're going to see flat market for long time even with whatever cuts.

[@GriffinMilks]

@@parthppatel28 You're right that there are many houses sitting much longer, especially as sellers have an achored price in their heads they want to sell at.

[@parthppatel28]

@@GriffinMilks yea wonder if it worked that way. I have a strong feeling and anchored a thought that it'll rain gold nuggets but it's physically not possible. If the median salaries don't go up then even renting at those valuations is not possible unless you rent 3 per room but then we would only be degrading Canadian standards while the native Canadians will go homeless in tent cities (which we're already seeing). And you watch what's happening geopolitically they'll have to hold on higher rates and have no other choice.. you watch bud.. It's not looking rosy. What I'd suggest to someone is to get out of their holdings while they can cash out when this pseudo sentiment is induced with rate cuts.. well that being said this is my analysis, I don't have crystal ball still and by analysis had served me well in last couple years.. but who knows what could happen.

[@Lifeisapartydresslikeit]

There will be lots of buyers! Lots. People like you have small minds. The market has always been bullish and will always be. just like how we had a surge of buyers last summer and prices went up 100K can you imagine if rates come down? Just imagine the interest of people who would jump back in? I guess we will wait and see how real estate goes for the next 3 years. Flat?! Nope

[@relaxboy78]

People should move in Québec! The city of Sorel-tracy is cheap and 50 minutes from Montreal. If your market is expensive, move!

[@GriffinMilks]

I live in Qc and it's 30% cheaper than in Ottawa for the same homes 15 minutes away

[@relaxboy78]

@@GriffinMilks Good move!

[@desiderataification]

Are you in Gatineau? And are you related to Sesha Milks?

[@ApArt1003]

Yeah but for non french speaker we will become second class citizens😂

[@ufuksenol2005]

The right choice of an investment has always been a big problem for me I know picking a wrong investment will leave a big scar in the future.

[@PineHosting]

I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days

[@ysareyes]

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.

[@whitefearlytales]

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

[@BigNate82]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@katiekilbo]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@nashdest]

Let it crash. Housing should of never been for profit.

[@lcbrianyuen]

To increase AFFORDABILITY , inflation caused by flooding immigrants must be deal with, the traditional wisdom to bring down labour shortage should be micro-managed. Good content .....👍

[@ivannightly1919]

the reality is the prices are like 2x from before the flood of investors, the only good thing is taxable gains is going to scew their profits.the pandemic had people paying anything but no one wants to be paying for a house forever so some greedy bastard can make a bigger profit. and no I'm not talking flippers they improve the property so ya its worth more investors they bought the old guy across the road for 200k telling how much the house needed just to sell it then put it back on the market 4days later for 300k robbing the old guy

[@edgrills6650]

"You will own nothing and be happy" check

[@pennyshi6474]

but there is still a huge amount of inventory 😂 it takes a while to reduce the existing listings and new listings

[@runningoutofideas2319]

Seen how much a 3d printed house cost just wait for those to be mainstream - willy 0

[@Seaward1224]

If they can now only 3D print land, permit fees, development charges and raw materials the problem is solved! LOL

[@alaunzocorner8731]

Most booms saw their house as a asset and want to sell for a million! The systems going to crash!

[@GriffinMilks]

I'm not convinced. Would damage the entire Canadian economy more than it has already. We'll see!

[@jaydaoust261]

I bought my first 3 bdr townhouse in 2005 in Ottawa for 200k with 3.2% 30 yr. / $1200 mth mortgage on a joint 60k salary with my wife. This chart is absolutely correct. This is the only scenario the.middle class can survive and own a home within a corrupt federal / bank system. This was 2 decades ago. Just imagine another 20 decades into our futures will be if Canada does not stop it's decay. The middle class will all be living in tent cities under the feds control.

[@GriffinMilks]

Pretty much!

[@runningoutofideas2319]

Construction cost sooooo low anyone can afford it judt get the land - willy 0

[@Ricardo-gs2ce]

Real estate is a key component of many Canadian retirement plans. If the real estate market crashes, it could significantly impact people's retirement savings. The government likely aims to avoid this scenario to protect retirees' financial stability.

[@GriffinMilks]

I agree!

[@barrybrand2970]

No one should base their retirement on inflated house prices, houses are homes not a retirement plan. Governments mismanagement of taxpayers money and unrealistic low overnight rate during plandemic has caused this problem.

[@maxiimillion33]

Young men between the age 30-45 years old are being hurt the most, since they can't start a family their own let alone finding a suitable affordable place to rent.

[@PatrickHood-l9k]

If real estate doesn't recover next spring, I'm simply renting out again and focusing on my business to solve all of my financial problems.

[@dondercole7763]

no recession....just a 10 month slow decline.....hold onto your cash and get rid of that debt....unfortunately housing prices will remain constant if not slightly rise...no relief....

[@OTPLAYLIST]

Why don’t people just move to Saskatchewan instead of complaining unaffordable housing in Toronto and Vancouver

[@Drew-po6ju]

In most cases Canada is boring and depressing it self with the long winter... People don’t want to move to far away from the city. Saskatchewan is also very cold and remote(including their cities). People don’t want to live that kind of life style

[@OTPLAYLIST]

@@Drew-po6ju the thing is just like many things in life. If people want to have more choices.. then they need to make more money. It doesn’t make sense for people to complain unaffordable Fairmont hotel when there is Days Inn.

[@Cyberstranded]

@@OTPLAYLIST Well the thing is, Covid had the biggest impact on Canada out of all 1 world counries. Can thank dems for that hoax lol. Sociaty got murked during 2020-22 era on many fields

[@dallassegno]

People don't like living north of the 49th

[@chadpescod-realtor3308]

Some people are.

[@SRVaughan1003]

There is a problem as governments tend to focus on the micro and the macro has a way of brining reality to the fore. We needed ( and still do need immigrants) to replace retiring baby boomers. I think all governments figured baby boomers would just disappear. With planning (meaning understanding baby boomers stay in the housing market either suppressing the inventory or competing on smaller homes). There is benefit beyond the pains probably in 5-7 years, but the population influx helps sustain and grow the canadian economy through jobs and by increasing demand across all Canadian economic areas. So while there are growing pains due to lack of comprehensive planning there should be a boom felt in a few years

[@Bykv78]

Home prices will continue to rise, regardless of affordability. The market isn’t concerned with whether the majority can afford homes; as long as there is demand, prices will keep climbing. In the future, most people will live in condos rather than houses, as single-family homes will increasingly become a luxury reserved for the upper-middle class. This is due to limited land availability and a growing population, following trends already seen in Europe and other parts of the world. The truth is, most people simply won’t be able to afford houses. Instead of waiting for prices to drop, take advantage of the current market and buy before it becomes more competitive again.

[@griffinsgarage96]

Great Video!

[@charronfamilyconnect]

How can people still afford to pay a million for a single home? I hear of many landlords renting out multiple rooms in their home at $1000 each here in Ottawa for each tenant. I hear about some home owners renting to 15 foreign students (typically Indian) all in the same home. If this isnt a sign of a shortage of apartments then i don't know what it is. Is this even legal Griffin and have you heard of this?

[@GriffinMilks]

I have heard of this and yea it's legal so long as code and fire rules are respected I believe.

[@charronfamilyconnect]

@@GriffinMilks Apparently they require a license for a rooming house from the city if more than 3 unrelated people live in the same home. If not then its 100% illegal. I am surprised you didn't know these rules Griffin since real estate is your area of interest.

[@Lifeisapartydresslikeit]

New news. Canada is continuing to prop up the housing bubble with the most recent news. Sorry folks - the poor bears 🐻- I don’t know what they are going to do now. We have too much demand in housing for a crash to happen

[@GriffinMilks]

Totally agree

[@DorahJack]

I'm planning to buy properties cheaply during a potential housing crisis when I sell a few houses in 2025, but as a backup, I've been thinking about purchasing stocks; however, I've read about trading earnings exceeding $500k each week while also hearing that the market is out of control and experiencing a dead cat bounce-what advice do you have for timing the best buying opportunities, and why does this discrepancy in market conditions exist?

[@a004]

Bro I used to watch your videos all the time during the pandemic, but haven't in a while. I have checked in every once in a while in the past year but I can't make it through a whole video. I don't know if you're writing a script first then reading it on video, or you just changed your speaking style, but it's too dense. Speak casually and concisely. That will make your message come across better and easier to digest. Also just not boring like it is now.

[@GriffinMilks]

Thanks for the feedback!. I’ve always used a script that I write out in advance, as do most content creators, but I’m just more myself now than in videos during the pandemic… I guess I’m just boring to listen to haha.

[@a004]

@@GriffinMilks the script is just too dense. Make the language more casual. Otherwise when the listener has to decode each word it's easy to fall behind, lose track, zone out and ultimately get bored and turn off. Just my opinion.

[@GriffinMilks]

@@a004 I appreciate the feedback, seriously. Thanks for coming back and watching

[@citizenm9590]

Dude you dont know what your talking about

[@GriffinMilks]

Time will tell.

[@javiersantos5501]

Click bait, blah blah blah...!

[@CharmanderKingCharizard]

Shut up m0r0n

[@davidperri8862]

Delusional

[@Live-jk1pn]

🥾🇮🇳🦠