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why doesn't canada have 30 yr fixed rate mortgages like in USA?

People have been sleeping and sitting on their brains for too long. Now the people are complaining due to their faults. What should've happened since our elected idiots don't care, MASSIVE CLOSURE OF THE COUNTRY, UNTIL THE GOVERNMENT PUTS INTO LAW... NO MONEY LAUNDERING, NO MORE RIDICULOUSLY HIGH OVERBIDDING, AND NO MORTGAGE FRAUDS. WE STILL HAVEN'T LEARNED FROM 2007/8???? WELCOME ALL TO CANADASTAN!!!!!!

Great guest.

very interesting point of view. His understanding of the mortgage fraud is very sensationalist. It is an important problem, but not as pervasive as he says (very concentrated in type of lenders that he has had personal feud with) and the regulators are all over this topic. he is right though: a sharp solution could create domino effect, which is why it’s not taken.

Whatever it takes, even at the price of hyperinflation, crushing Canadian Dollar and Canadian financial system

What a treat! Was looking for something to watch and found bonus Fedguy content. Winning!

Great job guys

So glad I found you both. Canada and the “British” western countries are absolutely doomed. It will trickle down and affect all the others. Having said that, this was all part of the plan imo

Will there be an email sent for the post or website to view the recording for event to those that register for the event?

Turd and schwabb taking over all the housing you'll own nothing and be happy 😢

Never underestimate the stupidity of the far left mind 😢

Great conversation. Good info from Steve.

Clearly Wendell Clark over Domi :)

What pod shop is Cem talking about at 12:05

The Bank of Canada doesn't have gold because Jean Chretien SOLD it ALL in 1990s for $300/oz. Almost a day before the march to $1600/ oz.

He's been one of the most correct out there the past 3 years, along with Tom Lee and FEW others

Joseph rules

Great guest!

Thanks

Stuff heard at tops. EVERY TIME.

I am heartened by the fact that Mr. Wang thinks that ZIRP and yield-curve control might be amongst the available policy responses "in the event of nuclear war". Very reassuring.

Soft landing is such a ridiculous term, it basically means the economy is going to tank but controlled 😂😂😂 like a plane crashing into a mountain but at a slight angle instead.

The only thing that Canada excels in is mass immigration and selling shitty degrees and diplomas to foreigners in exchange for residency, plus selling raw materials and food. And inflating housing bubbles through ridiculously low interest rates and low lending standards. 2024-2027 is the renewal wave from the crazy low interest rates, while especially new condo supply is ballooning. Look at 1988 to 1995 in Toronto, that's what we are looking at and the bubble is way bigger than 1988. The US is heavily buffered by 30 year mortgages with locked in rates.

Read willful blindness by Sam Cooper.

Fantastic!🌞

Anyone young and ambitious should be looking at leaving Canada. The economy is screwed either way - if prices stay high they will drag on productivity and discretionary spending - if prices crash it will sewer the entire economy. Not to mention most big cities are starting to look like a Bombay slum.

SPY 600 and NVDA 200 seem EASY at this point... likely by Labor Day, if not sooner (maybe by 4th of July). SPY 750 and NVDA 360 by the end of the year: EASY PEASY! 😎👍. Don't think, don't be concerned with the economy, don't consider company performance, fundamentals... doesn't matter in this market. It isn't the 90s...computers are running the markets and they are set to BUY! BUY! BUY! SOOOOOOOO EASY!!! 😎😎👍

I'm sure the government would house everyone and help incentivize builders to build the capacity. This would be the fastest way to stimulate that kind of growth. Anything's possible when it's done responsibly.

I learned about GDP per capita in like 3rd grade. Our so-called "leaders", grown adults, can't grasp the concept.

CONDO-GEDDON incoming ! And this isn't even the top of the 2nd inning heading into the fear/capitulation phase of the single-family residential detached market that equity was 'leveraged' to speculate..... Ben seems to be missing that the BoC is data dependent on it's "inflation" mandate.... Full Stop ! and intending unless inflation drops and keeps DROPPING as it drops the overnight rate..... this could be a very limited rate lowering cycle if the Loonie TANKS and inflation resurges.

GDI IS FALLING. We are on the way to 3rd world status.

Truth

2022 Canadians on CZcams: "UNAFFORDABLE HOUSING IN CANADA. HOUSING CRISIS!!!" 2023 Canadians on CZcams: "WE NEED MORE HOUSING!!" 2024 Canadians on CZcams: "THE END OF THE WORLD IS NEAR!! MARKET CRUSHING!! WE HAVE TOO MANY HOUSES!!" 2025 Canadians on CZcams: "Mortgage Interest Rates Cut by More Than 1.5%: I TOLD YOU!! I WAS FIRST!!" 2026 Canadians on CZcams: "Canada is the best country in the world. Real estate will never crash!!!" Hypocrites? Misleading? Just looking for followers? Telling half-truths to build their brand? Who knows? BUT I KNOW. :) By the way: Ben is a F. NATION TREASURE. NOT KIDDING.

Wow you opened my eye to some insight I knew the national debt was bad but from a federal standpoint we make it seem reasonable when you aggregate the federal+provincial in Canada I can see your point not to even talk about the house hold debt plus credit card and Heloc debts

This guy is a gem for Canada. Unbiased, realist... driven by data.

Immigration and housing supply shortage was a myth, temporary, the narrative for retail to buy the top. Inventory is currently trending up, condo builds still to come online, cranes everywhere, prices flat, sales volume down.... crash ahead.

They have a plan, destory the middleclass. The public thinks they are incompetent, but they're not.

Canada is a 4th world dump in every way. Even 3rd world countries offer more for less. How is Canadian ndp or liberals different than the disastrous Peronists of Argentina. Why should someone pay 53/35% taxes for a crap life when they can pay no tax on virtually all their wealth in Switzerland? Or any number of good weather tax havens ?

Hi Kevin, been thinking about this for a while would it be a better idea to protect you Canadian dollars by buying the Yen now before the Canadian dollar depreciates? Loved this episode and shared it with a lot of my friends in real estate. When's the next Piss Up?

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

All Canadian governments will do whatever it takes to prevent housing prices from crashing in nominal terms, even if all that's left in this country are boomers + older cohort(s) being taken care of by foreign workers who get paid minimum wage and live stacked 4-6 per bedroom. Millenials + gen z are emigrating to greener pastures if they can, and most of those who remain have adopted a "they pretend to pay us so we pretend to work" attitude. Truly a realty masquerading as a country. I agree with Kevin and Ben that the CAD will take the hit as the release valve.

It’s pronounced with a hard “N”. Once people figure it out, it’ll be the top

So we’re gonna sacrifice the dollar to save a small % of speculators? Are you guys on crack? That would be tremendously inflationary. And would drive shitloads of malinvestment. As savers get the final death blow, and borrowers get bailed out.

Why does everyone keep forgetting that cutting cycles LEAD economic pain? They don’t prevent it. When unemployment starts to go parabolic (like it always does following a hiking cycle), THAT’s when you see huge emergency rate cuts. And that is in no way bullish.

Great interview about (failing) Canada - if you care at all.

I think most cre is 50 to 60 LTV so it would have to be a disaster for the banks to take a loss

If you look at the banking crisis in the us in '2023, this housing bust in Canada will be the most bullish thing that could happen for canadian stocks

enjoyed this from start to finish gentlemen - much appreciated

Patrick, please invite Kuppy again. It has been too long since his last visit with you.

Awesome interview! Can anyone explain what he means by 0DTEs having to be hedged with other 0DTEs? Does he literally mean that it MMs are selling SPY puts, they are then buying equal quantity of the same puts?