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The Harsh Reality of Canada's Real Estate Market (ft. Nick Hill)

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  • čas přidán 14. 08. 2024
  • Welcome back to another insightful episode of the Wise Old Owl Podcast, where we delve into the fascinating world of real estate with Nick Hill, co-host of ‪@TheCanadianRealEstateInvestor‬. Celebrating nearly two years and 199 episodes, Nick shares the inspiring story behind their podcast's inception and its rise to become the number one real estate podcast in Canada.
    In this episode, Nick reveals how a childhood of abundant conversation and a passion for engagement led him to podcasting, a platform where he could merge his interests in education, real estate, and investment. He discusses the unique approach of their podcast-educational, data-driven, and mentorship-oriented-aimed at demystifying the complex real estate market for Canadians and filling a significant gap left by American-centric content.
    Join us as Nick explains the importance of making real estate investment accessible and understandable to all, from seasoned investors to first-time buyers. Learn about the strategic decisions and personal motivations that drive the content and success of their podcast. Whether you're a real estate enthusiast or a professional in the field, this episode offers valuable insights into creating impactful, educational content and understanding the dynamic Canadian real estate landscape.
    Chapters:
    0:00 Intro: How Nick Started the The Canadian Real Estate Investor Podcast
    9:52 The Importance of Financial Education
    17:32 Sentiment Across Canada in the Real Estate Market
    28:28 Canada's Government Crisis Affect on Real Estate & Economy
    35:46 Investing in Canada: Where's The Opportunity?
    Tune in for an engaging discussion that not only highlights the achievements and challenges of podcasting but also provides an educational slant on real estate investment that empowers listeners to make informed decisions.
    At OwlMortgage.ca, we’re reframing mortgages. Gone are the days of daunting contracts that laden you with debt. Our educational and empathetic approach considers your needs and wants from your home to make it work for you. We offer a helping hand regardless of your learning style or where you are in your home-buying journey. Whether you're self-employed, salaried, or retired, and looking for a first home, renewing, refinancing or consolidating your debt, the team is here to help.
    📩 vince@owlmortgage.ca | (416) 613-5363
    / vincegmortgage
    / vincegaetano
    / mortgagevinceg
    #mortgage #mortgagebroker #realestate #housingmarket #canada #interestrates #politics #toronto #ontario #canadianeconomy

Komentáře • 48

  • @wiseoldowlshow
    @wiseoldowlshow  Před měsícem

    Con Artist Murdered!! Have You Heard About the Mortgage Fraud in Canada? Tune into this video to learn more! czcams.com/video/DcVT3wGvgP4/video.html

  • @nandojuace
    @nandojuace Před měsícem +21

    Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.

    • @LolMan-qy9cc
      @LolMan-qy9cc Před měsícem +1

      People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

    • @grizbaseball
      @grizbaseball Před měsícem +1

      Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

    • @FannyMontage-xu8id
      @FannyMontage-xu8id Před měsícem

      Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

    • @BraunRob
      @BraunRob Před měsícem

      Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

    • @MA-KEJointVenture
      @MA-KEJointVenture Před měsícem

      I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

  • @ryansutton5904
    @ryansutton5904 Před měsícem +15

    Just visited Toronto and it's an absolute hell hole. I don't know how the f*** people can live there

    • @robb2959
      @robb2959 Před měsícem +1

      By staying away from the edge of train platform , crossing the street at night if homies are approaching and working till you die to pay for rent .
      But hey , how about those leafs ?

  • @LouisMorganxb3
    @LouisMorganxb3 Před měsícem +37

    As I approach retirement, I'd like to relocate from Minnesota to a warmer climate, but real estate costs are absurdly high, and mortgage rates have been steadily rising (now over 7%). Shall I simply put my extra money into stocks and wait for the housing market to crash, or should I purchase a house now?

    • @republican7
      @republican7 Před měsícem

      You should critically examine the company you plan to purchase because the stock market will continue to decline. Better still, consider working with an investing advisor to reorganize your entire portfolio and reduce the problematic investments you now own. This method has shown to be highly effective for me in reducing stress and anxiety while also saving a significant amount of time.

    • @bossqueen_lala3098
      @bossqueen_lala3098 Před měsícem

      Since the current market is not for the faint of heart, I have been thinking about hiring an advisor. However, do these advisors actually alter a portfolio significantly, or am I better off doing it myself?

    • @LouisMorganxb3
      @LouisMorganxb3 Před měsícem

      Really nicely put. Could you tell me who this advisor is and how you found them? I've had a horrible year and I can't seem to find any locally.

    • @republican7
      @republican7 Před měsícem

      *Leah* *Foster* *Alderman*
      You can certainly find out more about her if you look online.

  • @gmarks1559
    @gmarks1559 Před měsícem +10

    Bubble crash sell 😂🎉

  • @bluefalcon0001
    @bluefalcon0001 Před měsícem +1

    Canada right now is like a public swimming pool in a community centre of a major city where it can accommodate a maximum of 35-40 people and 100 show up hoping to swim and exercise. It ain’t going to work.

  • @daiseman
    @daiseman Před měsícem +8

    Maybe if we stopped referring to housing as an "opportunity" and an "investment" we'd have fewer problems, no?
    Mindset has to change in order to allow for families to adequately house themselves.

    • @FreddyF249
      @FreddyF249 Před měsícem

      This and having livable design not stuff people in shoe boxes.

  • @deltaskyhawk
    @deltaskyhawk Před měsícem +4

    Get to the point. Not interested in all the History!

  • @rrusselljr67
    @rrusselljr67 Před měsícem +1

    Besides stating the obvious from the subheading. It’s going to get much worse before it gets better.

  • @barrettdonovan525
    @barrettdonovan525 Před měsícem

    Great episode. Thanks for the content.

  • @johnnyboyvan
    @johnnyboyvan Před měsícem +4

    Big deal! Nobody cares anymore.

  • @dootdoot1867
    @dootdoot1867 Před měsícem

    Hyundai elantra in canada is like our version of the USA nissan sentra. The amount of hyundai's trying to pass red eyes, gt's and 1le's on the highway in toronto/vancouver should speak volumes.

  • @silva2639
    @silva2639 Před měsícem

    Great episode. Canada is the best country in the world to own a small business. As long as you follow these 2 simple steps.
    Step 1- Start off investing in a medium or large size business.
    Step 2- The government will take care of the rest.
    LOL!

  • @shane2270
    @shane2270 Před měsícem

    It took me a year to sell my house in the lower mainland/Vancouver it’s bad. This is the time when we are going to crash. People can’t afford 1.2 million dollar homes anymore.

  • @amoosavi
    @amoosavi Před měsícem +2

    Canadian RE is the biggest ponzi scam ever 😂

    • @gmarks1559
      @gmarks1559 Před měsícem +3

      YUP! And the supply of greater fools has run dry😂

  • @dinoa.17
    @dinoa.17 Před měsícem +2

    Toronto Vancouver house prices ll go down %85 imminent

  • @darwin6984
    @darwin6984 Před měsícem +1

    Canada is a country just combined of poor countries together

  • @fretstain
    @fretstain Před měsícem

    it's sad how much investing in real estate is all people want to do with their money now

  • @marekzmazur2077
    @marekzmazur2077 Před měsícem

    This right here is the problem with canadian real estate. In what sick country is buying houses a better investment than investing in the stock market? It’s people like this and their little „investors” that a shit hole like toronto is one of the most unaffordable cities in the world. This shit should be illegal.

  • @karlkuepper-cp3lt
    @karlkuepper-cp3lt Před 2 dny

    more information- less filthy language men

  • @donm2067
    @donm2067 Před měsícem +1

    Welp, peace out.
    Another RE bro.

  • @Cubaquois
    @Cubaquois Před měsícem +1

    Canada is the No. 2 best country in the world.
    The country has a GDP of $2.14 trillion and is the second-largest country by total area after Russia.
    In terms of cost of living, Canada is, on average, 11.2% lower than the United States, and renting in the country is 30.4% lower than in the U.S., according to Numbeo.
    Canada also ranked as the third best country for quality of life, according to U.S. News and World Report. The country is known for its affordability, access to education and healthcare system.

  • @speedyfeint
    @speedyfeint Před měsícem

    FJT