I suggest you offset your real estate and get into stocks, A recession as bad as it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short-time buy and sell opportunities too. This is not financial advice but get buying, cash isn’t king at all at this time!

You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.

“Stacie Lynn Winson” is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.

You are right! I’ve diversified my 350K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $730k in net profit across high dividend yield stocks, ETF and bonds.

I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?

It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.

Many people underestimate the importance of advisors until their emotions lead to negative outcomes. I remember a few summers ago, after my long divorce, I sought the help of a diligent license advisor. They greatly assisted in boosting my business, increasing my reserve from $175k to around $350k despite inflation.

@@hasede-lg9hj my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

The advisor that guides me is Vivian Carol Gioia, most likely the internet is where to find her basic info, just search her name. She's established.

Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.

The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.

@@PhilipDunk My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor.

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Vivian Carol Gioia” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

@@PhilipDunk This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

The stock market is no different, to maintain profit, you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@@mariaguerrero08 My partner’s been considering going the same route, could you share more info please on the advisor that guides you.

Can't divulge much “Camille Alicia Garcia” is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

Look at the cost of any decent retirement care facility. People are paying $6000-9000 per month for the luxury units. Some people have deep pockets.

In 416? A LOT of people have that homie. Sorry to bust your bubble on that

So you see the prices, the transactions and you still deny the facts?

@@Dean-pi2hb Statistically, less than 3% of the market has that. Not exactly "A LOT"... and that 3% are almost entirely homeowners, not renters.

You miss the point, according to the WEF, you will own nothing and happy. We will not be owing anything personal or we will loose ownership.

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

Finding financial advisors like Margaret Johnson Arndt who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

I appreciate this. After entering her full name into my search bar, her professional web page surfaced as the top result. Her impressive qualifications undoubtedly speak volumes about her expertise

Yes lots of stupid people bought these expensive properties. My friend bought a condo from 800k few hears ago and, a year ago I told him to get rid of it, his stupid realtor told him not to. And today he still believes that his condo will increase in value 😅

YUP

I love it when people say "it keeps going up in the long run" or even better "but immigration will keep the prices high"... this doesn't help anyone right now does it?

@@chrisdafos8365 ​ nope immigration won't be able to afford these homes as well, that's why a price correction started to happen by raising the interest rates.

They still paid less than the property is worth today, would you say that was a bad call?

Many will want to blame it on immigration into the country but it is beyond that. The Cullen Commission has the details as to why the housing market in Canada is performing poorly. Money Laundering and Malpractices

Move out, even move back to Mumbai, as long as you can afford a good living in this current economy doesn’t matter the location.

In times as financially precarious as these, seeking counsel from a seasoned financial advisor becomes imperative. Professionals like Loren Lena Walker have honed their expertise in navigating the intricate web of real estate and financial intricacies, offering guidance and strategies to help individuals and families make informed decisions.

I’ve never seen such a big operation … that is so geographically confined. there is an ongoing public inquiry into money laundering in British Columbia, led by British Columbia Supreme Court Justice Austin Cullen.

Loren Lena Walker's name has frequently been associated with proficiency in real estate and financial matters. Her reputation precedes her, and she has a knack for providing tailored solutions, be it for aspiring homeowners trying to find a foothold in the property market or existing homeowners striving to maintain their financial equilibrium amidst these challenging market dynamics.

Devil's advocate: You assume minimum wage, austerity and poor living is a worse outcome for them than where they were before. They're not leaving. Canada is a stepping stone to the USA. Ask any new arrival they'll tell you this. It's all about getting to the US and those sweet American dollar$. It's as much a fantasy as making 100k as a cleaner or 75 as a barista. That's what they think they're coming for in Canada. Those are minimum wage, sub 30k jobs.

​@@kolar Certainly, a subset of new immigrants (including myself) have this mindset. However most of those who qualify for the (extremely competitive) express entry today were very high caliber people making high salaries in senior roles in (often American) multinational giants. There are many ways to get to the US, the TN is just one approach. I can say with great confidence that most new immigrants aren't willing to step down significantly. Doing minimum wage gigs is out of the question because of the opportunity cost (they will move back or elsewhere, and admit a mistake was made). I would say that the vast majority of new immigrants who thrive in Canada will remain in Canada because barring $$, the US isn't exactly an upgrade either.

I do agree with OP. Most new immigrants are NOT thriving in Canada and will leave sooner or later. It's just a matter of time. For its incredible potential, this beautiful country is extremely underwhelming and needs a mindset overhaul. Else, further stagnation and collapse is inevitable.

@@northernguy4262 the problem with "old school" mentality is that just south of the border, new grads are making starting salaries of 200k USD. while this piss poor job market that is canada is paying a fraction of that in CAD. anyone with half a brain is going to move. the old school folks are shooting fish from the bottom of the barrel and are wondering why these employees are underperforming.

you summed it all up

buy now, home prices will not go lower. Inflation is definitely making things worse, back in the early '90s when I purchased my first home in Miami to live, mortgage rates of 8% - 9% and 9% - 10% were typical. If rates drop, you can refinance.

@@valentinaarrelaro I'm in line with having a personal finance expert help sustain and grow my wealth, my job doesn’t permit me the time to manage my investments properly, hence I employed the service of an advisor, actively restructuring my portfolio for 5 years now, thus generating big fat yields after subsequent investments, just about 15% short of $1m as of today

@@valentinaarrelaro I'm in line with having a personal finance expert help sustain and grow my wealth, my job doesn’t permit me the time to manage my investments properly, hence I employed the service of an advisor, actively restructuring my portfolio for 5 years now, thus generating big fat yields after subsequent investments, just about 15% short of $1m as of today

@@valentinaarrelaro I had a one year GIC for $56,000 in Canada one year GIC paid 12.125 percent in 1990.

Couple thoughts, because I’m looking to sell and move within Toronto: I can’t lower my price to sell in a meaningful way, because the market I want to move to is overpriced and also won’t budge. If they lower, I can lower, but until then I can’t afford to sell if I can’t afford to buy for the same price

I think financiers don't easily disclose when they are fools. And the muckrakers are no match for modern media. Hardly any socialist governments anywhere because the financial people don't like a powerful enemy.

wait until some rich immigrant who's rich beyond all moral value and owns condo's reports it so it's taken down.

I started in a rooming house in 1978, it was nasty, educational but affordable

there is something fundamentally wrong with this country when you see from 2016 till now prices have more then doubled for condos let alone homes. I think it should be illegal for you to sell a property that you have owned for less then 5 years as a condo and for residential you should only be allowed to own 2 homes max and if you want to own more it must be multi unit rentals.

I would never buy housing in Canada and making plans to leave within 6 months .. I refused to support blind bidding … and developers are building huge luxury homes in vacation areas and they are selling

My sister and I are considering the exact same scenario and because we both work in Healthcare and tech the opportunities and standard of living is way higher in the States. If only it weren't for the guns😂

Are they still selling?

Who? I’m not. Maybe if I move to Texas permanently @@lori9423

Couldn’t agree more.

You're just a jealous renter

Exactly

won’t be 2015 price, with inflations and many immigrants, I think we could go lower but not too much.

Or, more likely scenario is that home prices continue to rise and the average income of residents increases to match that rise. Not by people earning more money, but by those with higher incomes moving to the city. It's the same thing that happened in places like NYC, London, etc. Everyone calling for home prices to "crash" recently is just wishful thinking and tells that the opposite will likely happen.

Who's going to build going forward? supply tanks and prices remain high.

It’s going right back up soon. People will go crazy again once rates start coming down. I’ll book mark this so I can come back in 3 years and see where the housing market is

​@@Lifeisapartydresslikeitonly if you want to live in the 3rd world where every house has a 10ft steel fence

Nothing can go down more than one time (100%), in the late 80s/early 90s crash Toronto house prices went down 40% over about 7 years. Taking into account inflation/income growth a repeat would reset the market back to 2021 affordability but at much lower house prices. With the amount of debt and variable and short-term reset mortgages thats a lot of pain and a lot of jingle mail. Problem is that mortgage rates are closer to 6% than 5%, so may be an even bigger crash than the early 90s.

The actual question is: can end users? If not then nothing new gets built and rents keep going up as new supply goes to 0 As usual it is the renters that suffer the most from displaced buyers with $$ getting pushed down to rent when supply is limited.

Investors will just pass down the cost to the renters. Sane investors are there to invest, not to let it sit and waiting for the price to go up, which means renting it out.

The real question is: Why is being able to live with a roof over your head seen as an investment? It should be a right. The so-called investor in the housing market need to be tracked down. Nobody should be able to own (through him or a company) more than 2 dwelling properties. AirBNB needs to be tracked down and banned from this country. This whole system needs to be flipped over. How much time do you think it's gonna last? A decade or two? When 30 % of the population will live in the streets, unable to pay for the smallest 1 room apartment, what do you think will happen then?

Exactly. Everyone is saying that there will be a crash when the cost of literally everything has increased in price and the population grew 4% last year alone.

​@markadler8968 What goes up, comes Down.( Even Wallstreet says that)😅

Let's stop flooding the country then

Not really![ look what had Happened in US in 2008 meltdown]. Prior to that property were hot cakes n prices were almost doubling- never seen before in US. ( In next 5 to 10 years the Early Babyboomer will be gone, leaving some vaccume) n then years to followed by the next set of Babyboomers!

They are massive. Now $3000 on a one bedroom

The interest portion is also higher because you’re basically having to pay the builder’s rate with the lender

@@keepitreato Yup & higher now. Our interim occupancy was Nov 22 - Feb 23 and it was already at $3000 for a 1 bdrm and that was a few rate hikes ago, people are going to be in for an extraordinary shock. Especially if projects arent done on time (none really are post covid still) as mine was just as late as most others. There's already a difference in quality too within the buildings in my corporation with the last building being made the worst/cheapest. Had a repair person come in for my washer, he said he gets non-stop calls/issues from the other building do to poor configuration that was supposed to be the same as my building but ended up being pounded with "cost-cutting" measures to finish the project. materials used in that building just looked a lot different too. Yet were being robbed by rising condo fees yet are being told of more and more scale-backs to what we're paying through the nose for. I wouldn't be getting into new condos now, nope, yet Ontario is banking on new housing via condos and being one of the only places with interim occupancy periods it's only going to get messier if things don't correct somehow. Then you get those loser landlords (who refuse to pay their own mortgages) who try to dupe people into moving into these units to cover the cost of the interim occupancy which hahaha, nope! My building was EMPTY during our interim occupancy, they couldn't get tenants, took nearly a year to get to the capacity were at now. Must be some mighty rich landlords to burn through all that cash while it sits empty (:

People with rich families...there's a lot of wealth in Canada.

Thanks for watching. First thing I'd do is check the HCRE builder database for deliveries. Then I'd check the urbantoronto forum threads on their past builds. I have to be careful posting reviews of developers, can post about the builders I like but unfortunately would almost certainly get sued posting about the ones I don't

Well said. One demographic slice tried to hijack our entire economy and society.

Thank you.

Yeah Refugees will take up the slack!!! 😂😂😂

right..but for most young poeple that can't afford a house condo's were supposed to fill that gap and now they are supposed to have %50 down? that doesnt add up.

​@@specvrossyoung people should consider building a house out of dirt and cobblestone in Minecraft because that's all they are ever going to realistically afford. Interest rates should be 0.01% and down payments 1% so that speculators can just completely buy out the market and cause a total collapse of everything. That's the only way young people have any chance.

@@specvross They can be patient and save the money. No one needs to order Uber Eats or go on holidays abroad. Higher down payment requirwments combined with higher interest rates would be enough to deter amateur investment and bring prices down to 2012 or even earlier levels. All prices post 2008 are artificial asset appreciation from BOC money printing.

We also need to eliminate the public insurance backstopping of Canadian mortgages. Its unfair to burden the taxpayer with risky mortgages. If I was a lender and the government wasnt backing anything, I wouldnt approve any low down payments and Id be very hestiant to approve the mortgages of private sector workers who will just end up loosing their jobs to AI in 5-10 years .

@@thunderbird4709 correct! And stay out of the coffee shop drive through! and don’t get me started about cellphone plans…

That would be a great place to live at a 2018 price…

The problem is that it will not correct. Even a moderate decrease in listing price is offset by cost of capital. When rates ease in the next 12-24 months, prices will rocket up again. There's a massive demand/supply imbalance that will take literal decades to resolve, and only if good policy is signed. The sample size this video highlights is not a proper analysis of the greater issues or the underlying factors. The problems are almost solely derived from bad policy - not speculators, low rates or "people who don't understand how debt works"...

​@@scottwilson1682 Bad policy encompasses all of that and then some. That's just some of it. If you were to define what the bad policies are. What would they be? That is true as well. It won't correct enough to make a difference for the poor. You could build a million houses in Toronto and the wealthy/speculators will still buy up as much as they can. It's the one way the average person can make more money with ease. Why not own and rent 5+ houses if one could. There are so many people with so much money that it's always going to be an uphill battle for the people with little. If not the houses, then it will be the land itself. Perhaps less immigration to Toronto (Bring them to more affordable cities) It's not like Canada has too many people either. We don't have enough people in fact. A lot of the issues are mostly in southern Ontario / British Columbia only. Canada is huge. There are many cheaper and more affordable places to live in Canada. There are not all the same issues elsewhere that is there is in the Toronto area. I'm not saying it is perfect else ware either, but it is a lot more manageable. A lot of the major portion of Torontos issue are not all that old either. It wasn't all that long ago that you could buy a house (yes, a small one but...) in Toronto for the mid hundreds of thousands. The last few years has caused the most issue. Cheap mortgages, speculation and to many people coming to the city are a contributing factor for sure. Then throw a pandemic in there and let people lose their minds. It's the perfect storm. Just to state "some" of the obvious. Then add on other things like high tax and anything else. Compound it all with government officials who all get paid very well, can eat and have houses so they don't need to care about poor people issues. Where was all this talk 5 years ago. I know it was there. It just wasn't so prominent until recently once to many people started driving the costs up so high in Toronto. Whenever else have you seen prices go up in such a short period of time like the last few years. More houses will help for sure. But they still won't cheap either. It's the easiest way to make the most money for the average person. Own multiple properties and rent them. It's a win for the government also. More houses mean more people which also means more taxes for the government to give away. Why would they not want that? Why do so many people need to be in Toronto and area anyway? Supply is an issue yes. But so are many factors.

agreed! other investment vehicles are safer bets if in the flipping camp

​@@Precondoand more ethical

There are 100s of them now and very cheap!!!!

Sure, and move in in the year 2035 at the rate that build is going..

🤣

Yes, but nothing goes to principle. Most of the payment just cover Interest, which is beneficial to bank

what do you mean by reach them?

Spring 2024 mortgage rates for both fixed and variable will be above 5%. Still very few buyers with an increased amount of sellers that need to sell. Stricter Airbnb regulations will also increase supply. If you are hoping for a bull run you will be disappointed

To make the poverty level more... To make more beggars, homeless, jobless people😢

That seems to be the result, but how does that benefit Trudeau?@@gowoohno5424

Cuz immigrants can afford luxury homes and huge farms and tracts of land that’s why.. most Canadians can’t

@@stephey808 yeah cause they stuff 10 of them in one unit

Globalist migration

You should probably step back from the ledge…

Not only do they want 2 grand for a shitty basement there are 50 people willing to pay it and you need to go through hoops to get them. Moteling it is more fun and I get treated so much better and housekeeping for not too much more than the average apartment cost., F u landlords!!!!

$1700 doesn't even cover half the mortgage on a house at current prices and interest rates in GTA 😂 God knows what the hell you're talking about...

@@philipmartin2919 there are foreclosures, just exceptionally rare. I understand the situation is different in western Canada.