My goal is to share my wealth of experience and expertise and help you build wealth through by sharing tips, strategies, and insights related to real estate, mortgages and finances. I was the resident mortgage expert on CP24's Hot Property for nearly two decades and now the principal broker and owner of Owlmortgage.ca, where we are dedicated to providing you with consistent and high-value content that will give you the edge when it comes to managing and growing your real estate portfolio. With weekly uploads, you can stay up-to-date on the latest trends and insights in real estate and mortgage industry.
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Пікірлер
You sound lile Trudeau " Older ppl have too much house" What the hell ?
Mimimalism is just a way to get ppl used to having nothing.
i think it's the best thing i've ever seen before, your video is a masterpiece👌🏾👌🏾👌🏾
lower interest rates doesn't affordability
I heard Toronot condos are a great investment
Bike lanes are the biggest joke of Toronto! Everywhere you go! Destroyed traffic flow causing more carbon emissions! Long times to commute who’s running this city?? Needs to be fired yesterday!
Canada is heading for a collapse by design, you will own nothing and be happy. You will be a slave in a 15 minute city.
In Canada, everything revolves around supply and demand, with mortgage rates being the easiest way to control these factors. My clients and followers are well aware of this. Partnering with a knowledgeable Realtor who understands the dynamics of supply and demand in Ontario's real estate market is crucial for success. The global downturn following Putin's invasion of Ukraine illustrates the importance of understanding geopolitical economics and their impact on inflation, stagflation, and market fluctuations. If your real estate professional lacks this insight, you've chosen the wrong advisor. Ensure you work with true professionals; the best aren't the ones advertising on buses, billboards, and benches. THINK OUTSIDE THE BOX. PS: Keep up the good work! Good content as always💪
So much bull. There are some good rates around 4.5% and 1% more or less makes little difference even if you stay with the same amortization. But those who renew at (say) 5 years, can always increase their amortization back to what it was originally. So stop worrying so much about others. Now, how is YOUR budget? Can't be all that great with a few thousand views per video.
The 2030 own nothing Trudeau WEF agenda seems to be on track
The normies are still asleep at the wheel.
Unlimted Refugees in canada . Unlimted students . Liberlas & NDP Govt is looser . Never ever Vote Justin
Muppets? Are they Asian?
ive been sitting on my ass for years and waiting... people told me that im crazy... cant wait for the sell of to begin
I can’t believe the minimum wage has not changed in Alberta. Minimum wage was meant for people just starting their work lives- like teens at their first job. The minimum wage should be the living wage in your area. Anything less is unacceptable and explains the 25% poverty rate in this country.
My variable rate with fixed payment went form 1.42 to 6.47 in one year. I went from $300 bi weekly to $600 bi weekly just cover interest and my amortization went from 29 yrs to 59yrs without asking for it. I knew I was in a pickle and had to do something radical. I emptied my savings and sunk in 100k toward principle as I am allowed 20% annually. Now my mortgage is manageable and on track to be done in 10 yrs. Key is not to have a mortgage too big
There is no hope, reality is hitting like a derailing and exploding freight train. The Trudeau government has destroyed this country with its economic and fiscal policies. Now we are left to deal with the consequences. Buck up, it’s going to be very painful and the government can’t stop it this time (they have already tried with everything they can and it just delayed the inevitable).
Dont go to canada. If you living there, just leave asap you can. Canada is no more developed nation. 80% are poor skills asian, north indian, chinese, phillipines. Even doctor can not afford to buy house. They are on the track of collapse soon. Pasport also devalued and other developed nation going to bann them soon and canadian required visa to travel..just dont move there and if you live there just move out soon you can.
The carnage will likely carry on for five years or more.
genius idea to just close the credit card, never thought of thar
Share this idea with your friend...look like someone who knows what they are doing! ;)
Love your content allot of negative news. can you provide solutions for people on the sidelines waiting to buy... and what should people renewing their mortgage what should they be doing?
Be patient before you buy and understand that there will be more blood in the streets before its time to buy.
@@wiseoldowlshow ok Warren Buffet🤣🤣🤣🤣
LRT not yet open? This is just shocking incompetence.
After 2 years in trade college you make 20 to 25 bucks an hour which is good and if you are lucky shoveling etc . Higher wages are for experienced trades with minimum 4 years Experienced accomplished trades whi are actually good which takes 10 years minimum make 40/ hour and up . Self employed can make 100/hour but their can a lot of overhead and stress .
This is going to get much uglier than what is described here. Buyers that took out mortgages they can't afford are screwed , period ! End of story !!! Bike lanes are a waste of tax dollars and only show govt.'s misguided priorities ! This is Chow's Toronto !!!
Rate cuts to drive affordability are not coming. Any rate cuts will cause home prices to rise and more inflation in general.
If you were maxed out on a fixed rate, a 30% increase in payments will be a killer !!!!
Theyll be at 25 years not 20. People mostly amortization over 30 yrs if they had put 20 % down
1.6 Trillion = 1 600 Billion. You've missed a zero.
Nope, a trillion is 1,000 billions.
@@wiseoldowlshow 1,6 trillions $= 1 600 000 000 000 $= 1 600 Billions $ 0,16 trillions $ = 160 000 000 000 = 160 Billions.
The woke agenda will bankrupt the city of Toronto. The corruption starts at the top.
If you can work from home, your job is probably useless.
Hot property show on CP 24 think home prices will never drop . Monster mortgage says that too .
Well, prices have dropped and could drop some more. Just trying to be real and honest!
Our only hope is change of leadership
Crazy some deals can close because sellers have to much debt and are stuck now
People got too comfortable with debt. I saw people paying 800k for 1.5 storey shitboxes. What kind of idiot would bury themselves that deep for a God damn 1.5 storey!?
Thanks for you input! Next time let’s say « …Gong show! »
Ok next time
Like I said , lock up the government all of them
Too good of a treatment
Just remember our eardrums when you cut to some gnarly cockrock music. Make the point, don't blow our eardrums
Too much is being charged. In order to optimise savings without moving into an RV or taking out a loan, alternatives are currently being explored as rates were not subsidised in 24 and the mortgage is still high. The latter is something I'm really thinking about.
It's difficult to pay our mortgage as well. I have advised selling, renting, or moving, and putting the remaining money into stocks.
If you can afford to relocate, you should manage the mortgage.
if you are looking to invest in the stock market, I suggest you Consider a fiduciary with mortgage-backed securities knowledge for guidance. Prices today may look like dips tomorrow.
Yes, dealing with a financial advisor has really changed my life. They offered priceless insights and customised plans that properly matched my financial goals and risk tolerance. Their assistance has allowed my investments to expand significantly, and I now feel more confident about my financial future.
Since I'm new to all of this, where can I locate a fiduciary and can you suggest any?
This shit won't get better until the end of this decade.
Canada has been destroyed forever
Thanks Vince! Love your channel and no nonsense approach. It is getting ridiculous and I am wondering when the people will just upend the system as history has shown. I read an article the other day about a woman who didn't feel safe wearing designer clothing downtown! Eyes in the back of your head, people.
Don't lower interest rates, raise them instead and not allow speculators more cheap loans to inflate home prices even more. Low interest rates got us into this mess so why in hell would we want to make it worse?
Cant wait til rents rise even higher
You're saying this because you don't have a mortgage.
@@paulsilva4934 I don't anymore. I sold my home less than a year ago. I might buy another after the crash.
@@paulsilva4934 I have owned real estate most of my life. Not everyone that is against selfish investors are the so-called lifetime renters. There are still some people left that are not simply thinking about themselves. The ME-ME crowd is small compared to the majority.
You can budget all you want Vinny, the Agenda is 'you'll own nothing and be happy'. Get it?! Or nah
Bro, upgrade your microphone.
Sounds like you’re talking through a radio
You thought Truedau would step down ??😂 He is driven by his EGO
Trudough needs to be voted out along with his ego
Dis you just say "Good for him" when you mentioned that JT was going to run again... What!!!?? did I perceive your meaning wrong ? we need to get rid of him asap
I live near Chesswood and those bike lanes are more for future use. Just wait til the developers start building those condo buildings all over Downsview Park area and across Balmoral. The traffic is currently bad...wait about another 10 - 20 yrs. The total stupidty is BUILD THEM AND THEY WILL COME. Not overseeing all the social problems is what we're facing today? Those with the trillions of dollars don't give a f... and later the SHEEPOLE COMPLAIN!!
The best financial KZread channel for everyday people. Your advice has been a game changer for me and my family. Thank you!
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
I'm getting worried about the rising housing prices. It seems like it's becoming harder to afford a home these days.
Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times, while orders tend to avoid them. Well, at least my advisor does too.
How do i find a good finance advisor? How do you know if they are trustworthy and competent.
I started out with Aaron Morgan Bell,great advisor. I got very lucky to have found him especially after my marriage crisis & consider him a good friend now.
buckle up people. adjusted canadian house prices are going back to early 2000 levels.
Yeah, if that happens say good bye to Canada... We will really become a 3rd world then.
@@JasenMacTurdsen yeup. gonna be scary/sad.
2018 pricing is most likely but if it gets really bad it will be 2015 pricing
@@HardKnocks-pi7pc why 2015?
I sure hope so
City of Toronto gets everything wrong, bike janes are not used because of bad drivers and most people don't ride bikes anymore. Some people still ride their bikes on the sidewalks instead of the lanes. What's up with the Streetcars? They're stupid why not use Electornic Busses instead ? They a lot cheaper.
Don't you yhink it's stupid as hell, to spend. what a million per mile for bike lanes when you have people living tents. What worse how many actually use the bike lanes. Thank you super wokes.
Talking about Bike lanes..City is building Bike lanes on Sheppard East from Yonge to Bayview too, reducing 1 line for drivers.. We have the stupidest and wokest City councilors..
There's major criminals in the government not too bright