Canada's Inflation and Rent Crisis: Market Update

Inflation on the Rise! Rent Prices Soaring! Surprising By-Election Results! Real Estate Inventory Surge! Welcome to episode 187 of "Ruffled Feathers" with Vince Gaetano. Today, we're diving into some critical updates you don't want to miss. Inflation rates have unexpectedly increased for May, reaching 2.9%, up from April's 2.7%. What does this mean for potential interest rate cuts in July? Tune in to find out! Rents are skyrocketing across Canada, with increases of 8-9% per year, creating major challenges for renters. We'll discuss how this impacts the housing market and what the future holds with fewer building permits being issued. In political news, a stunning upset in Toronto's St. Paul's by-election could signal a shift in voter sentiment. We’ll explore what this means for the upcoming elections and the potential challenges any new government might face with a Senate stacked with Trudeau appointees. The real estate market is also heating up, with inventory on the rise but high-interest rates and tough qualifying criteria making it difficult for many buyers. We'll cover the latest MLS stats and what you need to know if you're in the market. Lastly, we'll discuss the City of Toronto's latest moves under Mayor Olivia Chow, including the introduction of a rent eviction bill and the use of goats for meadow maintenance. Is this really the best use of city resources?
At OwlMortgage.ca, we’re reframing mortgages. Gone are the days of daunting contracts that laden you with debt. Our educational and empathetic approach considers your needs and wants from your home to make it work for you. We offer a helping hand regardless of your learning style or where you are in your home-buying journey. Whether you're self-employed, salaried, or retired, and looking for a first home, renewing, refinancing or consolidating your debt, the team is here to help.
📩 vince@owlmortgage.ca | (416) 613-5363
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#mortgage #mortgagebroker #realestate #housingmarket #canada #interestrates #politics #toronto #ontario #canadianeconomy

Пікірлер: 116

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    @Cottoncandyh4 күн бұрын

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    @Madridstrat

    4 күн бұрын

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    @Duttonmuffins

    4 күн бұрын

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  • @TheDayTheDay312

    @TheDayTheDay312

    4 күн бұрын

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    @Frankweily

    4 күн бұрын

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    @TheDayTheDay312

    4 күн бұрын

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  • @AmanPratali
    @AmanPratali11 күн бұрын

    The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

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    11 күн бұрын

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    @BanwarilalKumawat-ij6tp

    11 күн бұрын

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    @duongtuan-od7kx

    11 күн бұрын

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    @Jovenoli

    11 күн бұрын

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  • @bombasticlove76
    @bombasticlove769 күн бұрын

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  • @mohamedali-fj8xz

    @mohamedali-fj8xz

    9 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.

  • @vanillatgif

    @vanillatgif

    9 күн бұрын

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  • @Faijan-zx5ov

    @Faijan-zx5ov

    9 күн бұрын

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    @faysdt414

    9 күн бұрын

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  • @MeliszaMagalyMezaEspinoza

    @MeliszaMagalyMezaEspinoza

    9 күн бұрын

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

  • @tedandress2741
    @tedandress274111 күн бұрын

    We need abolish the Senate its not needed and an expense we can't afford anymore.

  • @robb2959
    @robb295911 күн бұрын

    Wondering where all the development fees and taxes went to in the last 30 years .? No subways , no infrastructure investment. If money was managed well we’d have trains and subways and connection hubs like union station spreading out in all directions . Look what the politicians did in the 50s to 80s , they build the subway , civic centers , public pools , etc .but it all stopped after free trade and globalization (Chinese big box stores devastating all the manufacturing jobs in GTA) They missed their chance and now it’s just a smoggy traffic jam . I know people in T. That are afraid of the TTC and cringe at the notion of driving beyond their neighborhood. Even driving in their neighborhood is reserved for non rush hour times . I left T. In 2014 because I couldn’t make it to houses to service them and couldn’t find parking for my tools and material deliveries . I hear from colleges it’s far worse now . I’m afraid to visit T. Never mind living there . This is so sad as it was a special place but now it’s a greedy , selfish corrupt jungle .

  • @davidperri8862

    @davidperri8862

    11 күн бұрын

    Money went to stakeholders projects and virtue signaling initiatives. Feel good vs results

  • @alanj9978

    @alanj9978

    11 күн бұрын

    The fees and taxes went to bureaucrat wages and pensions.

  • @supermash1

    @supermash1

    11 күн бұрын

    Stop using that idiotic term for Toronto.

  • @robb2959

    @robb2959

    10 күн бұрын

    T. Is short form and shall be used by anyone who wants to . You probably pronounce the last “T” in Torono , which tells me you are the elite lefty wok or from far far away .

  • @tudvalstone

    @tudvalstone

    10 күн бұрын

    hydro, sewers, streets, TTC etc.. stop wondering so much

  • @humer1971
    @humer197112 күн бұрын

    nothing kills rental units like bureacucracy. There are bad landlords and there are ton of bad tentants. Under no circumstances would I ever invest in a rental property and I bet I am not alone in that thought process.

  • @sherylsauder5579
    @sherylsauder55798 күн бұрын

    Olivia Chow is an absolute gongshow. She is exactly what any intelligent person would have expected. Looks good on Toronto.

  • @jacobfroese1683
    @jacobfroese168312 күн бұрын

    Send rent to $8000 a month will see if wages can keep up, it’s all going to shit, all will be fucked

  • @murrat
    @murrat12 күн бұрын

    Excellent points.

  • @mouratjamoukhanov945
    @mouratjamoukhanov94511 күн бұрын

    Inflation for June will be lower due to gas prices being lower in June compared to May. Also, all this inventory pile up and sentiment drop accelerated in June, with RE and rent prices all showing signs of dropping. Not sure where soaring rent prices come from, boots on the ground being a land lord, I'm seeing rents dropping in Vancouver and North Shore.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    It was the first time this year the Bank of Canada didn't lie and the 5 and 10 year yield on the Government of Canada bond shot way up and held. When the Bank of Canada lies it takes a day or two before the yield shoots back up to the level before the day they lie.

  • @dantracy7314
    @dantracy731411 күн бұрын

    Goats fart, ffs what next lol

  • @fikaboojohn5713
    @fikaboojohn571312 күн бұрын

    It’s too much for us, One hand interest rate cut too soon Then rates too high nothing moving! Food price high, gas,rent,mortgage. We are dying here, even if people can pay for housing, lots have to make hard decisions. Our leaders can’t lead, too much laws yet you have to fight to get anything enforced. 40 goats, fuck shit! My husband experienced this goat thing. I swear it’s easy to go nuts here. We appreciate you but people are just don’t want to be act

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    Canada is headed for hyperinflation.

  • @CristianEnacheRealtor
    @CristianEnacheRealtor11 күн бұрын

    The 2,5% increase for our investors/landlords is a joke. Wondering why they are selling? Where the tenants will go? To the hotels? We can't accommodate all the lower income tenants in hotels. You don't help the investors, it's the end of the game. For everyone. Nobody will borrow money. Less taxes. Less people to renovate their investments. Less jobs. More and more will sell and invest in GIC or other things, not in real estate. Long term thinking is the best.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    I put a fortune into long term corporate bonds out at 2040 and 2041. Huge mismatch now between long bond rates and all GIC rates. The converse was the case at the very start of this year.

  • @calvinwong365

    @calvinwong365

    10 күн бұрын

    Also Canadians need to lay off the drugs. I really ask you people was it a good idea to invest in a fucking spoiled brat to legalize drugs? The north american society and whole system is so corrupted. Americans can go after cartels and do business with cartels. Drugs are highly illegal in Latin America and China. But we go ahead and legalize drugs. At first one of the reasons to legalize weed was to reduce crime. Lmfao wtf has that even done? Reduce crime with anything to deal with weed? Do you people in Canada honestly feel better with how many dispensaries we have in this country now? Let's just face it, we can't blame Trudeau for it all. It's the people under him. It's so obvious all the tax money this country making from drugs all going to support the war. It's unbelievable the amount of money we send out this country to help others. But can't help us. In a way this country literally no different to China. The Canadian dollar to yuan is literally 5:1. But how expensive everything here is from all essentials. Aleast China is safe and you can eat. Canada freedoms of speech doesn't even fucking work bro. Just look at all the cash grab this country taking from us on traffic cameras and soon stop sign cameras. Accept and open doors to so many immigrants from other countries with no rates rightful laws to how they drive. And you bring that habits here so they milk them. Basically what north americans are doing just slaving the immigrants like they did to the chinese, Vietnamese and Arabs back in the 70s to 90s. Now just the Indians and Filipinos cause they're cheaper labour compared Canadians that work the system. Also Canadians that can't afford BMW's and other luxury cars, this is why Canada open the doors to chinese people. Why Loblaws also owns TNT supermarket. Chinese people in general do not care too much about how much food cost. Alot of money have money supported by theor family back home, alot of them are millionaires, and since alot of you guys real estate agents you probably see high number of chinese real estate agents and customers, you think the kids and students working in Walmart... etc can afford these luxuries, why Canada open the doors for them. To keep the purchase and taxes flowing in. man if some of you guys even speak chinese or immigrated from china since the 80s and 90s. You see what governments are doing.

  • @mikebowers7719
    @mikebowers771910 күн бұрын

    Hi Vince, sorry dont agree with you about the economy.Malls are packed ,airport is packed with folks on vaction so the rates should stay as is.We need house prices to drop ( so the next generation of kids CAN AFFORD A HOUSE.) I know there will be some people hurt by this but you have to look at the long run and see a little bit of pain NOW we be better in the long run.

  • @Lifeisapartydresslikeit

    @Lifeisapartydresslikeit

    8 күн бұрын

    That’s the point! Why would housing go down where people keep spending? I make a decent income and cannot afford to eat or or buy luxury items (anymore) or even take a vacation- everyone around me is spending money like crazy!!! Cars, clothes, food, trips… I don’t get it!! All I know is people in this country have money - whether people believe it or not - people DO have money!!

  • @makepeacewithfood
    @makepeacewithfood12 күн бұрын

    I love your work ..but I will kindly request you to start using a mic . It is really hard to hear you.

  • @CassiusJohnAdams
    @CassiusJohnAdams11 күн бұрын

    Came for the market update and real estate, but got politics.

  • @retrogamer82
    @retrogamer8212 күн бұрын

    Toronto has been on the decline for decades but Chow is the final nail in the coffin

  • @Joe-mz6dc

    @Joe-mz6dc

    12 күн бұрын

    With all due respect I have no idea why people have been wanting to live in Toronto for the past few decades. I have family there. We used to have good times back in the 70s and '80s. But it has become just a big loud dirty annoying City. Sad

  • @randyhuke3773

    @randyhuke3773

    12 күн бұрын

    ​@@Joe-mz6dc I totally agree with you. T.O. in the 70's and 80's was clean and less crowded. The economy was bustling and crime was low. Twenty years later the best analogy I can come up with was T.O. was like a crumpled up pop can. Roads were crumbling and development of every square foot of land made the place feel clostrophobic.

  • @walterpen371

    @walterpen371

    11 күн бұрын

    Since 1959??? Remember the AVRO demise, as it was the largest BRAIN DRAIN in Canadian history. The world's best scientists and engineers all moved to the USA. Our national health system was beginning to fall apart back in the 70's.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    @@randyhuke3773 Only up to the mid 1980's when the immigrants started flooding into Canada.

  • @simonjochlin7589
    @simonjochlin758911 күн бұрын

    To my mind, when you encapsulate everything, there is one core difference between ‘progressive’ liberals and conservatives. Short term thinking versus long term thinking. ‘Progressives’ / liberals try to pull everything forward and sew the advantage for today. Encasing themselves in the same problems pf past generations. Conservatives understand history, and that these ‘progressive’ policies are nothing new and / or progressive. Most things to humans end up being a matter of psychology and EQ, and it takes some commitment to read the last few thousand years of history, but these peaks and through occur time and time again. History rhymes. So being austere and structural about consistency of growth versus absolute growth is the way to go if you want to build an economy that works in the favour of everyone for long periods of time. It can all be summed up as such. Humans are their own worst enemies 100% of the time, bc we’re dealing with nothing but bountiful resources.

  • @gmarks1559
    @gmarks155912 күн бұрын

    Bubble crash sell 😂🎉

  • @tyffanypoudrier2826
    @tyffanypoudrier282611 күн бұрын

    It’s almost the first of July Canada Day and that day is moving day as well for Canada ! Rent prices always shoot up now

  • @WilliamOlsen-km2fs
    @WilliamOlsen-km2fs9 күн бұрын

    Poison doesnt even hurt that much with active groceries to be honest addictions have worse affect without groceries as well - willy 0

  • @TREMVan
    @TREMVan12 күн бұрын

    The higher rates have drained all the money and fun and slack out of the economy. My friend has an 11 000 dollar mortgage payment. That's every month man. Omg I d just go bankrupt if I were him. All to pay for bubble priced real estate. Man Da Central Banks are just laughing at us... Do you think they care about inflation on the middle class...now really... You know owns those central bank don t you. The 👑 crown families... Interesting video. But you're still really only just kind of touching on some truths. Got to go deeper man... Liberal conservative NDP. They're all on the same team man 👑. Your part about the goats and distraction well now that was the best part and funny too 羊🐐 🐐羊

  • @supermash1

    @supermash1

    11 күн бұрын

    Time for your meds.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    Moral of the story is pay cash and avoid mortgage payments.

  • @TREMVan

    @TREMVan

    10 күн бұрын

    @@parkerbohnn yes. Good strategy if u can....

  • @AceVenturaXii
    @AceVenturaXii11 күн бұрын

    Playback speed 1.5x

  • @huskavarnaband

    @huskavarnaband

    9 күн бұрын

    Don't be mean

  • @charlesrobb6912
    @charlesrobb691212 күн бұрын

    Does cutting immigration require legislation? Can Senators block an immigration cut?

  • @tombrodzinski157
    @tombrodzinski15712 күн бұрын

    Best decision I made was to leave TO for Calgary after graduating UofT in the 90s. What a shit show TO has become to live in.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    Leaving the country makes more sense as you won't end up in a body bag from freezing to death in Calgary.

  • @TK-eb9vf
    @TK-eb9vf12 күн бұрын

    Hey my favorite t-shirt!!!!! Always great information

  • @r.g.6544
    @r.g.654412 күн бұрын

    Unfortunately, inventory is not on the rise here in Alberta (Calgary and surroundings)... 🙄

  • @tombrodzinski157

    @tombrodzinski157

    12 күн бұрын

    Good if you are the landlord.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    @@tombrodzinski157 The renters never pay their rent anywhere in all of Alberta. I've owned placed in every city there. They always skip out on the rent.

  • @cnonteone
    @cnonteone12 күн бұрын

    lol mayor Wang Chow and her goats. What a clown show.

  • @supermash1
    @supermash111 күн бұрын

    I will not consider jumping into the housing market until after the coming recession. I think the bubble is going to pop big time.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    That's the worst possible time to buy. The idea is to buy while interest rates are high like in 1981. Prices will be at least 50 percent higher if there's a recession. Too many people don't need to work for a living in Canada and will drive prices to the moon when rates fall in a recession.

  • @supermash1

    @supermash1

    10 күн бұрын

    @@parkerbohnn Big big price cuts coming. Like 2008 in the States.

  • @kortyEdna825
    @kortyEdna8258 күн бұрын

    The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

  • @Justinmeyer1000

    @Justinmeyer1000

    8 күн бұрын

    I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

  • @carssimplified2195

    @carssimplified2195

    8 күн бұрын

    45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

  • @NicholasHarmon-ow3jl

    @NicholasHarmon-ow3jl

    8 күн бұрын

    Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

  • @carssimplified2195

    @carssimplified2195

    8 күн бұрын

    She goes by ‘’Aileen Gertrude Tippy’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

  • @NicholasHarmon-ow3jl

    @NicholasHarmon-ow3jl

    8 күн бұрын

    Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

  • @quixomega
    @quixomega12 күн бұрын

    I agree, why not use steel guardrails instead, they're easier to see than plastic bollards and last a lot longer.

  • @ryandowswell5960

    @ryandowswell5960

    12 күн бұрын

    Great point. Can anyone confirm how much it costs to replace one of the plastic Ballard’s? My guess is $300-$400 each. Also,are they just throwing them in the garbage?

  • @thejuice3819
    @thejuice381911 күн бұрын

    Buddy believe you me I’m no Olivia Chow fan but you’re delusional if you don’t think renovictions are still a thing despite there being some protection for tenants already. I’ll give her her flowers for this one thing

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    Chicken Chow Main.

  • @thejuice3819

    @thejuice3819

    10 күн бұрын

    @@parkerbohnn what does this even mean besides just not funny racist joke? Jesus start the flood man this world is done for

  • @WilliamOlsen-km2fs
    @WilliamOlsen-km2fs9 күн бұрын

    Inflation is caused by all that and a batch of cornflakes you even say on purpose that is - willy 0

  • @WilliamOlsen-km2fs
    @WilliamOlsen-km2fs9 күн бұрын

    Cant compare to healthy wages for everyone compared to before where they just fuck up school when the passing rates a natural 100% for the population every time they dont unlimited tutors will do fine - willy 0

  • @WilliamOlsen-km2fs
    @WilliamOlsen-km2fs9 күн бұрын

    Our generation had courrption based education system that was replaced with unlimited tutors itll be harder to forced homeless poverty and thus single women as well as the lure of having lavish goods compared to heart broken even matched up poverty - willy 0

  • @huskavarnaband

    @huskavarnaband

    9 күн бұрын

    Edit this crap

  • @user-wy9oj4hx7f
    @user-wy9oj4hx7f12 күн бұрын

    Dropping interest rates brings on inflation and drops in the Canadian dollar.

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    It also causes runaway inflation leading to hyperinflation.

  • @WilliamOlsen-km2fs
    @WilliamOlsen-km2fs9 күн бұрын

    God forbid jobs for the homeless see alberta lets you put the homeless sheltet as an address so you can work without rent- willy 0

  • @WilliamOlsen-km2fs
    @WilliamOlsen-km2fs9 күн бұрын

    Theyre doing that crap on purpose to keep there kids wealth special and everyone elses kids wealth useless because the passing rate has been brought back up to all the kids with unlimited tutors - willy 0

  • @huskavarnaband

    @huskavarnaband

    9 күн бұрын

    You don't make sense bro

  • @TehPwnerer
    @TehPwnerer12 күн бұрын

    I would vet any positive of goat mowing is more than negatively balanced with all of the expense and emissions needed to haul temporary fencing and moving it around not to mention the animals themselves

  • @rishi505
    @rishi50510 күн бұрын

    justin T is worse PM of Canada . resign. vote wisely

  • @fluidmaster2433
    @fluidmaster243312 күн бұрын

    Dead beat renters need to rent from , dead beat Landlords , see how that works for them !!!

  • @parkerbohnn

    @parkerbohnn

    10 күн бұрын

    I bought hundreds of homes in America for the simple fact the renters pay at the end of the month unlike in Canada.

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