I think Canadians also realized that no matter what Canada does in attempt to cap emissions, that's not going to make a dent in the pollution coming out of China/India/the developing world

@wendymarshall2132

Ай бұрын

And 1% with private jets

The biggest problem is people have become dependent on human government when it should be the other way around. Like a bunch of children unable to look after themselves so they go to daddy for allowances, permission, benefits, we all, one way or another, fund. Governments bring nothing to the table but want to control and regulate everything. Most are not aware that when they vote they grant power of attorney to a stranger to rule over them and their property.

I dont believe a single word that comes out of a Liberal mouth these days. As a matter of fact, I wont even waste the time to listen anymore..

@davidkania3720

2 ай бұрын

Skum bags

@quixomega

2 ай бұрын

Why stop there? All our politicians are just as untrustworthy. Can't believe a thing they say.

It's a total joke. I can't even justify buying the cheapest house on the market right now. I still have my pre-covid rent at 868$ and a mortgage for the cheapest house would cost me 1,400$ a month minimum (and that's the mortgage only). LMAO Screw getting a house! Sad cuz I did want a humble house. May as well use my first home savings account for something else. This is sad!!! And I don't expect it to get any better. It's been getting worst for the past 30 years so.... yep. I'm never owning a house and I grew up with my parents in a big country house, they had two cars, only one salary at around 35-40k a year. I make 54k a year and I can't have more than a 2 bedroom apt. In New Brunswick, the rents have doubled. My neighbours pay 1375$ a month for the same exact apt as me. The house price are gone 3-4x since covid. It's absolutely insane. We have no rental caps. I'm just hoping my landlord will be gracious and keep the increases as low as possible...

Thanks for having me Vince!

@wiseoldowlshow

2 ай бұрын

Always a pleasure to have you on to discuss the current market environment and challenges we face in Canada. Let's do it again.

We are struggling, it’s hard, I went to a bbq today and people are not smiling

Housing prices are a direct result of other policies. Understand that, you can improve things.

What a great show with two incredibly solid and knowledgeable guys. Great information thanks guys.

Finally someone honest on the channel. Truth is nobody even with 100k salary can afford a modest house. Always had a dream of having a family but it’s impossible to afford one.

Win Win situation for affordability is 40 years mortgage amortization and interest rate as today inflation 2.7 percent. After Carbon Tax, Capital gain tax 67%, another tax over 2.7 % inflation is current 5 % BoC rip off. We crashed RE Market in Spring -March 2022, We went down in Spring 2023 and now again little bit down in Spring 2024. What you think next Spring 2025 will bring in Federal Election year?

Great diverse analysis. Like the insights going forward.😎

Absolutely!👍🏻👍🏻

What housing plan ???

Great one guys. Dan on point

Since when did they have an actual plan?

29:36 In Quebec, the current gov is proposing massive investments in Hydro-Québec, the hydro power crown corp. Its technically doing bad right now since it has to reduce exports, (no snow this winter, low water reserves) but its still performing very well. The investments could created 35 000 jobs yearly and grow the provincial GDP by 100 billion according to the CEO. All this while producing clean energy, and maintaining the lowest power costs in almost the whole world. We NEED to get back into natural resources, and not by selling mining interests to americans like we did in the 20th century. Create wealth and keep it here

safe tent cities are a part of the solution, not a problem... when the land use is captured by invested interests remember Canada has a great deal of land... it is only regulation and monopolies preventing efficient use and allowing our economy to develop...

Is the money go

The housing plan that Trudeau proposed is just increasing the size of the bureaucracy. Let’s see how many homes get built.

I’m sorry, what? Give the next generation of house buyers money?! Where tf is this gonna come from? The solution to this problem is easy - eliminate the cmhc and require 20% down just to buy a house. Prices will have to come down to people’s wages.

The current administration impresses you??? You are the reason this country is a laughing stock! You just lost all credibility pal!

Just stop talking about Canadians' house. It is all due to Canadians' massive immigration . ALL!

Doug is no different than the pm, saying “I made a mistake, then nothing..

Owl or molach?

@jasperalberts7647

2 ай бұрын

Moloch*

don't give them your phone number. endless calls and endless messages left on your voicemail if you do.

Failing? It was a failure from the get-go.

Canadians would be doing a lot better if they got off the dumb train and invested in CRYPTO!!! Good Grief!!

Sorry, too fictious. Not credible info, at all.

Oh look a mortgage broker blaming the government for people not being able to afford to leverage nothing into something.

Prices will come down 25 percent, Rates will come down 1 to 1.5 percent and wages will.go up 6 percent by 2028

@raczyk

2 ай бұрын

Keep dreaming. More like stagflation for the next while

@miloradrabasovik7938

2 ай бұрын

Prices are already down 25 percent in Oakville, Burlington since March 2022, And? Do you think another 25 percent down?

@HardKnocks-pi7pc

2 ай бұрын

Another 25 percent. Pre pandemic real estate was over valued at least 20 percent and shot up 40 to 60 percent depending on market and they have dropped 20 to 30 depending on market so at a minimum they are still 25 percent over valued. Peak 2017 prices and pre pandemic prices were pretty much one in the same and i believe when the dust settles end of 2027 going in 2028 prices sit at peak 2017 /Dec 19 Pricing which is one in the same giving us a decade of no appreciation . With normal mortgage rates of 5 percent in balanced market we should see 2 to 3 percent appreciation per year and that was the norm prior to this 15 year era of cheap money and 13 percent gains. Zero appreciation between 17 and 27 gets us back in line as far as values are concerned although still some what high and i see the pricing staying stagnant from 28 to 30 and than appreciation of 0 to 5 percent per year from 30 to 40 but averaging 3 percent per year as we are going to have normal rates and shift away from a low interest non productive debt fuelled real estate market.

@miloradrabasovik7938

2 ай бұрын

Apparently you don’t have a clue my friend about economics at all. Do you know that most of Canada Real estate doubled since 2021 . Detach house in Calgary in 2017 499K in 2021 600K and today 1.1 million. Detach house in Halifax 2017 $ 350k today $799K . I’ve purchased my detached house in Oakville 2017 for 1.3 million in March 2022 was selling for $2.1 million and today is about $ 1.7 million. So with lower interest rates for sure in Spring 2025 and 2 million more immigrants since last year you thinking my house will going to 1.3 million after 8 years ? Do you know in USA the Real Estate prices went up avg 8 percent with higher mortgage costs than Canada.? Affordability in Detroit and New York are 60 times ratio. In Winnipeg and Toronto is 5 times. Well maybe you should live in Winnipeg for GTA pricing as 2017. Correction in GTA is done about houses about Condos maybe not yet, Believe or Not My prediction for next year March 2025 you’ll see spike about 30-35 percent up as 2017 increase In GTA. You’ll see soon 40 years mortgage amortization as UK, Australia etc. interest rates next year are going down to 3.75 percent and very bad thing are Housing Starts for new buyers down 38 percent for first 5 months in 2024. No many builders for detach Houses in Mississauga, Oakville,Toronto,York etc. if you thinking about Condo 1 bedroom than is completely different game. Wake up buddy,prices are doubled up since 2017 . Let’s say Copper, Aluminum or food prices. 1 kg Salmon in 2017 $17.99 today $31.99 or 1kg Beef steak. Stock market indexes in North America doubled or Bitcoin 10 times higher.

@HardKnocks-pi7pc

2 ай бұрын

I paid 1.2 million cash for my house in 06 in Oakville and i own several companies that are all very profitable and i know a great deal about economics and interest rates and our overnight rate will not fall any lower than 3 percent so a variable rate mortgage will be 4.25 to 5.25 and the 5 year Bond Yield will not fall any lower than it currently sits which dictates fixed mortgage rates and the 5 year yield will fluctuate between 3.5 and 4 percent making fixed rates 5 percent or higher. This a debt fuelled economy and very little real money , it has been a real estate ponzi scheme fuelled by ultra low rates and all ponzi schemes eventually blow up. The people renewing in 2025 and 2026 will not be able to handle rates at 5 percent coming from 2 percent and therefore unsustainable at these levels. Peak Price for average home in Oakville in 2017 was 1,480,000 and in December 2019 was 1,244,500 and peaked at 2,225,000 in 2022 and is currently 1,750,000 and when the dust settles it will be 1,500,000 so it only needs tp fall another 15 percent in Oakville not 25 percent to get back to 2017 peak pricing.

Lies...cheating...more lies