Why You Shouldn't Buy a Home in 2024 In Canada

If you are thinking about buying a home in Canada in 2024, this is what you need to know.
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The presenter has taken great care in preparing
this video, however makes no representations or warranties with
respect to the accuracy or completeness of its content. The contents
of this video should not be considered a substitute for
professional financial advice. Please consult a financial professional
before implementing any of the strategies described in
this video. The presenter shall not be held liable
for any loss of profit or any other financial damages, including
but not limited to special, consequential, incidental, or other
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[@PraveenAnto-k2y]

Thanks for not preseting like a usual Realtor but as a genuine person !

[@REALESTATE100SHOW]

It’s easy when you’re not a realtor 😉

[@Bittersweet721]

Thanks for clicking!..

[@REALESTATE100SHOW]

🤣 wrong guy

[@Bittersweet721]

@@REALESTATE100SHOW 😄

[@tyrellboake]

Unless you absolutely have to, and that's in very few cases, buying when there are bidding wars on nearly every property makes very little sense for most buyers. Great point!

[@HaridasKarumali]

Great video. Really appreciate it. Very informative I hope everyone watches this videos

[@REALESTATE100SHOW]

Thank you 🙏

[@EmilyHamsterLover]

Guys, dont buy, and dont rent. Move into a van... Im trying to crash this country so we can afford a home in one years time. We gotta flush the investors outta here

[@7966016]

Thanks Nolan for the great advice you've provided! To many FOMO videos making people make bad decisions!

[@REALESTATE100SHOW]

100% agree with you. Thank you 🙏

[@patriciabee4690]

That boyfriend example sounded like it was close to home. Excellent analysis - very helpful and fair. Thank you

[@REALESTATE100SHOW]

Maybe 😏

[@shingod700]

When should I buy a lakeside cottage? A friend of mine 20 years older bought one in 2004 for 120k$ Buying the same right now is 700k$

[@REALESTATE100SHOW]

When you don’t have a mortgage on the house you live in 😀

[@shingod700]

@@REALESTATE100SHOW My house is paid off, it’s worth 700k$, but I still find it overly expensive to buy a lakeside cottage, remember it’s not a main house.

[@DavidHughes-f6c]

You should buy it when that question is not foremost on your mind. You buy a cottage because you can afford it. If you are worried about its value rather than the joy it brings you you should probably rent.

[@bc5810]

This. There's FOMO, but it's the worst time to buy now. It would be unwise to borrow extra money on lower rates, when we've literally just seen how rates can go up overnight and the pitfalls there.

[@fofal]

when rates go down I buy crypto. 2021 got crypto, sold 2022. 2024 got crypto again, sell 2025-2026. From 50k 2021 downplayment and a middle finger to my pre sale condo realtor, to 200k downplayment in 2026 lol.

[@georgedoolittle9015]

Absolutely epic collapse in real estate values well underway in Canada. As oil prices continue to swoon the ability of the Government of Canada to finance anything swoons with that. The United States currently doesn't even need any oil given battery electric trucks and delivery Vans now only just now entering full run rate production #big_battery but yes the USA will take said oil to keep the oil refineries running flat out going into the 2024 election. As relates to products like steel, aluminum, copper, wood products all necessary for building out right proper habitation tho all demand for this is starting to plunge everywhere so people need to be deadly serious about the implications of a hyperinflation in Canada right now today 😊

[@donm2067]

I wouldnt trust you with the task of making a potato salad, let alone do any real analysis

[@REALESTATE100SHOW]

Good to know. *eats potato salad*