Government finally SAYS NO to IMMIGRATION!
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- čas přidán 10. 09. 2024
- On this week's episode, Vince dives into the sobering state of the real estate market, shedding light on the sluggish sales that have characterized recent months. He explores the possibility of a potential five-year fixed mortgage rate hovering in the high 3% range, a shift that could reshape buyer and seller dynamics. Vince also examines the possibility that Canada's population growth may have reached its zenith, affecting housing demand and urban planning. Additionally, he tackles the growing discontent among city residents over the clash between drivers, bike lanes, and evolving municipal policies. Enjoy!
#HousingCrisis #CanadaHousing #RealEstateNews #finance #financialeducation #trudeau
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Thanks for watching! Comment your thoughts below!
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It would have been nice if India had taken a hard stance and declared Canada “unsafe” for their citizens and stopped allowing students to study in Canada. :)
Why would they do that lol. You know how many Indians gave up their assets and life savings to come here? Alot of loans sharks onto those families and will be forever in debt cause of the corrupted system we have here. Their loansharks are similar to our moneymarts, just their shit not legal so, a large amount of untracked cash flow going to everyone's pocket. And I guarantee you before Trudeau left India, one of his guards probably took few suitcases of USD cash on to the plane. And now they deciding to close the borders cause they done all the damage they need to fill in the lack of labour.
If you pay attention to the news and why Obama and Mexican PM came to Ottawa a decade ago. Youll also know why they allowed mexicans to travel here. This is all connected to the drug trade and homelessness we have in Toronto and Vancouver. Just remember that there's two types of powerhouse chinese people. Taiwan is not one of them lmao. China CPP and Hong Kong Triads. The HK are the legit gangs that work with mexican cartels and supply the products over to USA. I bet you anything Bidden, Obama were just feeding his friends this type of money. I won't be surprised all this same as american gangster played by Denzel or the Wire from Baltimore.
You and I and rest of working class have no clue how the real world works. Why you think Colombia and latin America are kings of female sex trafficking. The americans governments and cartel set it this way, just like how Priddy or Disney pulled their corrupted shit
Just also want to point out that you guys hate on the Indians or these brownies so bad cause their culture and lifestyle. And this is why the west takes advantage of them cause they know most Indians will work and aren't familiar enough of the west system which is minimum wage slavery and everything is digital. Back then everything was not digital so governments couldn't track how much businesses were actually making.
To you white Canadians just see it as another boring minimum wage job with barely any debt are assets. You guys think school debt and car debts are end of the world.
But in other countries unpaid debt will get you killed. There's no OSAP in India😂. No mortgage whatever over there. They live on the streets 😂 and you people hate them for being dirty cause of education and corruption from west and east
Why do Indians always pick white nations to immigrate too ?
Do they think white people really want open borders ? We hate it. It is forced on every white nation.
Dear India: Please go home now ...!!
Or we could simply grow a spine and limit Indian immigration.
India is not canada BHARAT believe in free will .
How many Amazon drivers and Urber eat drivers do we need?
Lots , what a joke we are becoming as Canadian.
we already have a surplus of Uber drivers and these foreigners from India don't care about our Canadian youth that used work at fast food business so could start to safe for college or university so how Canadian born can no long get these jobs the Govermment is going to turn Canada as a colony of india how can these people 5 or more families live in one home we get to pay for water and other services as one family but they stull five families in one home and the citizens are financing them even just on the use of utilities if you 1o people in one home there will be 19 people taking showers and laundry and not only that who would buy a home across the street specially children when these people are not all working and are get 3 cheques amount from the Goverment
Till they stop !
Or morons like you stop ordering without paying tip , that's how cheap you are
We run a food bank - too many poor people here. Our Canadian Graduates cannot find jobs- due to massive immigration in the last few years. IT Canadian Grads employment future is bleak. Canada is toasted due to excessive immigration levels and outsourcing of jobs overseas.
It's a sad reality.
We're not even starting new corporations in IT most companies are American based now, all the Canadian mind has room for is an overpriced 3 bedroom house as investments, can't hire many people to sell or do anything on selling a house, than when a company has a large healthy numbers of 500 fortune companies.
Pretty much. Trudeau the traitor has completely sold Canadians out.
Don't cry canada is really fucked up which relies on students and calls out as immigrants no need to stop laying .students are not immigrants ok
They bring in billions not your muslim immigrants who take away resources whatever you had and blame it on students who bring in billions yet go to food banks
Payment matters, but I think people are looking more closely at the total cost of home ownership.
A home is typically a person's biggest expense Morgage or rent, in Canada it's increasingly 70-80% of the monthly budget, that's not very survivable, family, single, immigrant or resident, it's essentially debt slavery.
But the foreign student here won't ever leave that 7 Percent won't fall
We must deport.
Thanks for the bike lane comment. I quit riding my bicycle in the city because it’s just simply too dangerous. I got hit a few times. Having said that, I want to add that as a car driver, I will show bicycles the same courtesy and safety they allow me as a pedestrian, which is to say none at all
Bike lanes are a full communist move plain and simple. In Edmonton Sohi are Trudeau placed mayor continues to steal road ways for bike lanes which aren't used and only 2% of our population uses these lanes wtf? And yes I do as well showed these people the same courtesy 😂
I try to point out to cyclists when they run red lights and stop signs that respects works both ways.
Canadian cities are not safe for cycling, it's a design choice. Toronto chose to be car-centric.
It has nothing to do with "cyclists are not careful", that's a very stupid take.
No foresight in government unfortunately.
too fucking late
Interest rates won’t matter. It’s the job losses that will accelerate prices lower. Our housing market is minimum 30% over valued currently. You can’t support a mortgage at any % rate without a job. The individuals coming into the country can’t afford our housing prices anyway. So that’s a false demand metric.
💯%
you have ZERO understanding how the market works.
@@tudvalstone actually he is spot on.
@@Bleebleeblahblahblah these people have to live somewhere don't they? The newcomers still affect the market...
@@tudvalstonewhy don’t you tell us how they are wrong?
The more immigrants come to Canada the more will leave. No one like this kind of life.
Rubbish. Those coming and not finding employment will first be on government assistance when their money runs out.. When that runs out they will be on regional assistance.. When that runs finally out, they will leave. It takes a minimum of 4 years to play out. Get your facts straight
@@Invictus888 Are they able to get government assistance if they are just here on a student visa though?
No they will not leave as majority is from third world which is way worse than Canada. They will happily live here forever.
@@Invictus888noone will spend their entire life saving here if all they see are doors closed in front of them. They will leave with what's left of their money to find a future elsewhere
Justin doesn't care leave then😅
its not the interest rates its the insane prices. I make a good salary a, Generation x and I would not buy even a condo at 500K. Unless you have a home to sell and buy First time buyers cant afford any home in the GTA. Have a mortgage over 500K is insane and what can you get for 500K in the GTA. The gov't has to figure out away to further crash the real estate market . At least a 50% drop in prices . Someone with alot of current equity should be ok with that
Censored for your Protection , Always Hurting Someone's Feelings
Why do i sense a pump and dump.....dump where the economy is concerned....increase government jobs .....then dump a ton of governmentjobs...and poof ...time for the rich to cash in as the crash devalues everything.
Thanks for the great information
Any time!
"You're maturing in f**king January, why would you give it up?!" I actually laughed out loud, the disbelief in your voice, this is why I subscribe to this channel, it makes me feel sane when so many people are saying and doing crazy things out there 😳
Mississauga now has e-scooters in the bike lanes. Not wearing helmets from what l can see. But at least l can see the tail light in the dark, which l don't see with cyclists....
what are you talking about CPI is in line with target? It's nearly out of "band" and rising. I wonder what lame excuse will be used when they break their sole mandate of so-called price stability
Thank you for the great content and effort!
Glad you enjoy it!
You are very informed and a very good educator. But please keep it professional and avoid the use of expletives or profanity.
Thanks for the comment and feedback. Much appreciated.
Thanks for sincere advices !!!
Good video. Keep up the great work. I appreciate it.
I wish I could give a second thumbs up for the Bourdaine shirt
Vince’s shirt game is 💯
Much appreciated!
I appreciate your information, thanks
My pleasure!
❤Anthony Bourdain t
Great financial advices and insights. You're doing a fantastic job 👍
I appreciate that!
People, especially young are always good for the country. The biggest problem of Canada is the fact that we have too many politicians and very few good managers. Construction levels still low even compared to what was 50 years ago
Great points. Thanks for the comment.
How long in Canada does it take if you declare bankruptcy to clear off your record....
My guess is if it's 7 years you can expect the market to be junk till then
Correct
I agree with you but I think the is still too high
You had me except your biking thoughts. Do you have any idea how many cars i see driving on the wrong side of roads and highways. Cutting red lights, cutting stop signs, speeding in school zones. Not including parking in bike lanes than on multiple occasions drivers becoming physically agressive when they are in the wrong. You should have kept to finances and stayed away from something you obviously don't understand. Bike routes are designed to keep cyclist away from cars. Most deaths or near deaths I'm hearing about are from these safty lines being blocked.
Yeah ok shill! Bikes lanes are road theft WITH ZERO taxation, plates or insurance for your lack of road rules! No cyclists are a danger on the road and keep blowing stop signs and see how that works for you clowns? Time to take back our roads and stop this Marxist move now!
As well as the majority in my city is 96% opposed to bike lanes? Why are cyclists entitled to being on our roads? The majority has always been the norm and if this stops as we are seeing the last 8 years we no longer have a democratic government. Just say this is a communist ploy then let the games begin.
I appreciate your comments. You have great points. One has to wonder why police are not enforcing these infractions??? It appears they have been stripped of their focus on prevention and told to simply respond.....why is that? Ask these questions of your politicians and demand better....we have terrible politicians who are focused on campaigning and photo ops rather than working on governing. Vote them out and lets make them accountable.
@@wiseoldowlshow i agree.
Lol! They close one door, and open another.
What is this video about?
In terms of the bike lane discussion, if the dumpster wasn’t in the way then there’s no reason to merge with vehicular traffic. The other thing is it was parked there illegally from what I gather which is why they were fined. It just means the dumpsters need to be placed not in a lane of traffic. People would be equally upset if it blocked a vehicular lane. As for the incident itself, I saw the aftermath picture and her bike was in the right most part of the lane which makes it appear she tried to share the lane. Those dump trucks are wide and have poor visibility directly around them. It wouldn’t surprise me if the driver never saw her. As for international drivers I think you might have a point. Just the other day I saw a muslim woman make a left turn directly in front of oncoming traffic. Her vehicle had dent marks all over it. Also saw a Somali young man almost run down a whole family (including baby in the stroller) crossing the street. The light was solid red for him, yet when the family was no longer in the way he went to drive forward and had to stop because traffic going across was going. It’s scary out there.
Bike lanes are a no funded project? Why should taxpayers pay for lanes that you have zero insurance, no plates or road taxes for the creation or maintenance of these stolen roads?
When are the fines for cyclists who continue blow stop signs and lights? This ain't a one way street. The entitlement of cyclists is a growing problem and needs to be dealt with with laws or chaos will ensue. This isn't hard to see?
How about the Uber and Uber Eats drivers who have their eyes glued to their maps to figure out where they are going??? The reality is there is no enforcement to the level of yesteryear and if there was a heavy penalty and consequence, it would change behavior. The "Defund the Police" movement has caused a lack of enforcement in various areas of public safety and the city of Toronto will suffer for it. We need to make some tough decisions and they will be unpopular.
Click bait title and doom and gloom, please stop
Bike lane grievances, lmao
The problem is not the immigrants but the mismanagement of politicians and lack of investment in housing and services in cities in Canada. Students were bringing billions of dollars to Canada. The housing market has been very speculative since the 2000's,
also they are not spreading accross canada all moving to magor cities
Yes migration is the problem! So we don need uneducated third work people who bring nothing to Canada but their wars! No time to start deporting these people. If not Canada will be close to civil war! Canadians are tired of these migrants!
Development charges have gone from $36k per unit 15 years ago to $241K today. Values of property (appraisals) are based on a comparative basis so when a property built in 2009 has $200K less development charges than a new home built today, these taxes create an inflated value to all homes, including those built 15 years ago. Excess taxation and inability to control offshore money laundering going into real estate has created a major bubble. When you factor in the uncontrollable immigration and exploitive international student cash cows, you get a country that is so out of whack it could take generations to fix....terrible government management and an absolute shit show coming to your neighbourhood.
@johnnycroat yeah they are. Have you been to any small towns lately ? Remember a town of 1000 recieving 25 immigrants in a year has as much impact as Toronto receiving 165k. Which is exactly how many Toronto gets according to stats Can
“ soften”. New work for broken system?
Government has destroyed canada
Time to buy.
Do you still think seniors need to sell?
Why? And do what so some immigrants can live there that are here illegally? EVERYONE who owns a house and has paid for it can do at their choosing! You even thinking this is disgusting! Probably a immigrant😂
Entitled bicyclist fatality, -1 NDPer.
A human died and all you can think of is this tribalism shit.
CPLie....yup