Good thing Trudeau's in charge, LMFAO 😂😂😂😂

Home ownership is a thing of the past. Even with price reductions of $200K - $300K from the peak, it's still not enough to help 1st time buyers enter the market. The elephant in the room is the sheer number of investors in real state; who continue buying up the majority of the inventory; ultimately driving up prices. Housing needs to return to being viewed as a necessity; not a commodity. A lot of real estate investment is driven by FOMO. Many aspiring investors are inspired by all the HGTV shows urging them to invest in real estate.

As soon as I saw the clip about CMHC bonuses, I felt like throwing my tablet at the wall...................just managed to restrain myself.

Someone should dig up how much stuff gets approved under the CMHC new to Canada program. Im pretty sure its a lot.

How likely is it that they stop the CMHC???🤔

Best real estate show on KZfaq. Honest clarity. Keep it coming.

A mechanic told me that Indian truck drivers cut a hole into the floor of their truck and use that as a toilet especially if 3 of them are operating one truck they never stop also they cross the border with the most guns and drugs and never do jail time just get deported

How can he be so sure it's only five percent of party poopers who entered? Does he sniff his friends from a distance and then averages it out? LoL and always remember: Garbage in -> Garbage out theorem is unshakeable.

lets gamestop the cdn RE market. nobody buy just yet. keep holding out

so many people are desperate to get out

So I know a seller who contacted me in 2022. Told the price: 4.7 M.Since then, with different agents, not me, tried to sell the property from $8Million down to less than $6Million. In 2 years. After 2 years, still not sold, out of market, trying to convince me to bring them an investor, at their price. Sometimes, people don't wish to admit the reality. Not my fault....It happens...unfortunately for them...not for us... :(( York Region Seller.

Man John dont go by these exception houses sold in the middle if nowhere. Most houses in Toronto are up by 10% plus post 2022. Dont ruffle everyone's feathers. Its still a good time to buy without multiple offers, if you can afford it.

I have three friends selling houses in Penticton, BC all three properties are 90 plus days on markets right now with price drops. I asked one seller how it's going any offers her reply was "crickets". We just need to wait for the real estate leverage dumpster fire to intensify and burn out hopefully taking CMHC with it.

I didn’t like how you started this video!!!! I have to suffer with this culture all day at my workplace then to have this low-class action put in my face when I just wanted to enjoy another one of your videos 😢

Its all this Jagmeets Singh's followers coming from Punjab junglees. Shame.

POOPING on the beach? You're kidding, right? That was some joke/gag, right? You can't be serious, do people actually do that these days?

I don't recall people complaining about CMHC when prices were going up. Funny how suddenly the problem is everywhere else but the realtors and buyers who did stupid things.

HOW much money are the Liberals taking from Canada Pension Fund to coverup their failure. who monitors the Canada pension plan? Adds new meaning to being at the pig trough.

I usually like your video but what’s the point on a bitching session on CMHC? Maybe an education session on CMHC would be good. Maybe an education session on how people got mortgages before CHMC would be good. Forget 5-19% down, probably even forget anything below 35% down or much higher rate…. Get educated on why CHMC exist vs just a bitching session…

Why would any one want to do that in the beach? Did they show any proof? All that anger on immigration, income inequality is getting diverted towards this issue. as long as people can be manipulated this much quickly, no change is gonna happen.

1/20 of any non-European culture behaving disgustingly like that is far too much. We never voted for worldwide mass-immigration.

Trudeau banned foreign buyers and the country is collapsing.... Who has the last laugh ??? Just bad karma for Canada. It's over.

I am quite confused with the government policy of bringing 2 million people in such a short time with no plan in place. Housing bubble started in 2000. We should have addressed housing before bringing people. Why do we give our taxes to these idiots ?.

Not surprising at all.

I honestly believe in Jon flynn in my realestate info. I will buy my first home through him!! I'm still waiting for Jon to give me the clear go!!

💩 on the beach = Punjabi folk! They are the one single community that jaghead and Turd imports in boatloads directly from Punjab. He would have done real service if he had just called out his own community instead of using "Indians"in his message. It is like saying all brown folks are Mexicans. Also, why do you think Brampton and Surrey have the highest car insurance and slumnloards, gang crimes, and ghettos. Go figure!

The whole establishment is rigged. Too much government overreach and waste.

I thought it was a real estate show

Schadenfreude baby--- kzfaq.info/get/bejne/js6ha72WzpveYY0.html

bottom is in tbh

We need more advertisements like this one. Yes, thank you. N.D.P. need to clean up their act. Think about it.

prices are still fairly high tho but moving in the right direction. I just hope prices continue to drift lower in 2025 and 2026

Hey Jon, just wanted to emphasize that the losses on these places is potentially even higher even than these estimates because of carrying cost. A 600k loan at 5% costs $3500/month so if you sit on it for 6 months thats ~20k in losses. Like you said, transaction fees, lawyers, inspectors, realtors also take their pound of flesh... A $720k house that you hold for 6 months and sell for the same price could easily be a 50k loss (20k carrying+30k if a 4% realtor fee). And many more fees to be sure.

way more than 5% more like 50%... and it is your culture look at some videos or old family pics bro.

Some people say that Real estate agents and poop are not too far removed. Not me though.

He stops reading out numbers around 6:50 fyi

What does "nothing pencils now" mean?

Okay, this is interesting. How do the Banks and Govt launder taxpayer money. CMHC is there to make banks whole when people default on their mortgages. Great, now you push for expensive housing, via immigration and allowing speculators to start bidding wars. Now the banks get their houses back at inflated prices, at the expense of the taxpayer. It’s brilliant.

How can a layperson access power of sale houses?

indians pooping on the beach is whatsup

Nobody cares about Indians or Norwegians pooping on the beaches. The problem is the level of immigration and the quality of applicants. Trudeau doesn't care, he's using it to force up rents to forestall banking collapse.

I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations.

well said GARY

It's more than 5%. Asians want to make Canada Asian. A little ottle bit of traditional Canada culture disappears with every new Asian. I have yet to meet an Asian immigrant who embraces Canadian culture.

My dude, where in heck are the house sales in Niagara Falls going for $200k? Are you sure you didn't confuse NF NY for NF Ontario? Nothing up here goes for under $400k unless the house is about to fall over.

Bought 30 years ago. Was fortunate to have enough down so CMHC could kiss my a$$.

Complete repeat of late 80s early 90s. People lost lots, then bounced back, but took like 10 years.

See ya next week. Good video

Sounds like class action for those holding that insurance money (CMHC) by those who are loosing their ability through no fault of their own.

I know of several sales in the Fraser Valley BC with losses of over $500K