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.

@JamesWillock

Ай бұрын

U.S. stocks have historically been the best investment. Much safer than real estate. Treat it like real estate, don't panic sell and impulse buy.

@Elenavazquezwells

Ай бұрын

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.

@okaydamian

Ай бұрын

@nikolnikovrck real estate prices exploded, interest rates exploded, but my wage the same, i'm screwed !! who is your advisor please, if you dont mind me asking? in dire need of portfolio restructuring

@pluto1of1

Ай бұрын

excellent share, just copied and pasted Karen Lynne Chess on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

Please make a video about Calgary!

@stephenn88

Ай бұрын

Please don’t. He has no idea what is going on in Calgary market

@andrecancol

Ай бұрын

@@stephenn88What do you mean?

@andrecancol

Ай бұрын

@@stephenn88do you think Calgary will be more expensive or prices will come down because of unemployment and lower interest rate?

@stephenn88

Ай бұрын

@@andrecancol this guy has no idea about Calgary. He just here for the view

@stephenn88

Ай бұрын

Are you buying or just asking a question

Great video, Dan! Would love to see a video comparing the accuracy of their previous/historical outlooks? Are they a reliable source?

Always your idea os clear:)

Please make a video for US cities, I live in Orlando, FL and planning to buy a house in the area.

I paid my rents and my landlord got mortgage payment deferrals. I paid my rents and my landlord got 100 years of amortization. I got a zero dollar increase and my landlord's house doubled in price.

Affordability is the Key. Financial Literacy is applied the Concept of the Universal Phenomenon of The Power of Compounding. The Lessons We Learned in Our High School Math Classes!

condowrong 🚀🚀🚀

Please talk about Calgary

Wong save us with your wealth please

Main duty and responsibility of the Bank of Canada is stability of the financial system of the country, inflation control, and management of potential risks. Things such as the real estate industry are out of its responsibilities, as any other type of specific businesses. I see no reason for the Bank of Canada to cut down the interest rate, just to save some businesses and/or help investors - these "activities" are not among duties of the Bank of Canada.💰

Rates does not matter, Our wages does not grow at 18% On top if they lower interest rates, inflation will jump again defying the purpose of this interest rate hike in the first place. As result I see house price dropping in next two years. As existing homeowner will need to renew there mortgage and deal with higher interest rates. On top you want to see consumer credit crisis. Almost everyone is at near credit limit. Where you find extra credit to push this house bubble. It not like money grows on tree, as government do with financial books

Tell us about Calgary

But where is the Money?

Calgary market is indeed affected by oil price and the related job market so as long as the sanctions against Russia stay, oil price will stay high and more jobs in Calgary, the house price will also stay high.

Seem like over optimistic, they didnt take in account the loss of purchase power for middle class

To the moon 🚀 🌙

CMHC was forecasting too low in prior years and now they seem to be over-compensating by predicting too high. My guess is the CMHC projections should be cut in half to be more realistic. However, if their predictions come true, that would be great for me because I own condos in Toronto, Calgary, and Vancouver.

@babyjeero123

Ай бұрын

CMHC said 89% by 2030. I really hope so ill take half of that even

@stephenn88

Ай бұрын

Congrats condo is the worst investment in all cities

No rate cuts until unemployment and bankruptcy rates go up. BoC is bent on inflicting maximum pain

I'm in Calgary, moved from Vancouver 7 years ago. Together my and my partner are leaving to the States to work healthcare. greener pastures than brown cow town and cold canada.

@NarinderSingh-bb1wc

Ай бұрын

Would you please guide how you guys are moving to states, would states give the green card or citizen. Or you guys just moving there on work visa

@rachelk8368

Ай бұрын

@@NarinderSingh-bb1wc no indians allowed. we are trying to escape you as you have taken over canada. sorry not sorry

So basically I'll finish my nursing degree in a year and move down to California where they'll pay me $75 an hour for slightly cheaper real estate. Rather than $40 an hour and an over inflated market. Man I hope all these new comers to Canada have good health because these investments will be useless if they aren't healthy.

You are wrong CMHC has talked the risk of Calgary housing market , if the oil price drop because Calgary housing market is mainly affected by oil market . Plus, how many immigrants move in as well. I have read the CMGC report as well. Calgary housing market is risky . Do not fool us.

@jozefciszewski2074

Ай бұрын

You are fooling yourself.

@FamilyCheung-kc1pw

Ай бұрын

@@jozefciszewski2074 I will not buy in Calgary that will really fool myself .

What population growth? People are leaving Canada in mass exodus. Canada has become so bad at all levels.

@samh6536

Ай бұрын

only 10 k per year leave, while 250 k get in

@_netscapenavigator

Ай бұрын

Lol you should look up immigration data from statcan for the last 5 years

This is merely propaganda. CMHC says, someone says, someone else says. It doesn't address the real high stakes risk that exists in the market at all.

Grouping Vancouver, Calgary & Toronto is nonsense.

Typical nonsense ..