Exactly, when it happens , no liquidity, and people getting margin calls on property … it will be like a stampede out the door

In Dublin (Ireland) we had an 80 percent drop between Q2, 2007 until Q1, 2009 , started recovery in Q2, 2010 and has reached around 70 percent of 2007 peaks ….

Property prices were 10 times the average wage at peak , then derivatives. Lehman and we had to bailout our two major banks ( those German Pension Funds need to be paid ). others merged ….. what was interesting in our case, was unemployment was not a trigger ,it was liquidity, or lack of

​similar problems to Canada . but yours have further to drop …. your waterfall is to come

Guaranteeing a market outcome without having a clue when it's going to happen or which data to actually analyze …

You should be an investment advisor at RBC!

With all due respect, you’re a little young to have lived through various economic “situations” and it’s easy to overlook some subtle realities when looking at the here and now. In America the closest thing to this is Paul Volckers handling of the Fed in the late 1970’s leading to stagflation. Then the supply side Reaganomics that was the reaction to it. Politics aside, it’s interesting economic history. How much this effected the Canadian housing market and economy I really don’t know but it’s safe to say that it had at least some ripple effect.
Cheers

Number 100 like 👍 Luc or Luke if one of your videos don't go viral soon then something is messed up. Thanks to you for keeping it real amigo

Scotiabank Is Forecasting A Base Case of Home Prices Rising 16.6% in an article posted on better dwelling yesterday.

there's a rumor going on that there's another lock down coming what you think about that?

The comments are great, glad the share of everyone’s point of view

Nothing is selling in niagara falls Ontario and I was soooo angry because I sold due t to sickness and I have been watching the market and anything that listed sold for the last 1.5 to 2 years but….now listed for almost 3 months and slowly coming down to reality once the mania stops i can guarantee that a minimum of 30% will happen…I will never buy something that is old rotten and be stuck for 5 or 8 years

I can't believe it's so cold in Canada! Come down south and join us and warm up a little bit 😁

Hard to believe anyone would enter a bidding war

Race to the bottom

Like i always said in the end it is about who can outlast the rest

I have a condo in Thailand and there was no such stimulus and prices either didn’t move or reduced somewhat. In Canada I was following single detached homes in Surrey before the pandemic and those same homes were selling at least 400k or more in no time. Stimulus, low low interest rates and ease of credit plus rampant speculation.

We also have an increasing death rate. Wonder why that is happening? We are going to see more estate sales. More, way more coming on the market.

We're not even half-way to neutral rates and it looks like the whole thing could fold in on itself at any moment. Just like you said all it's going to take is a panic among marginal sellers coupled with a collapse of new buyers, and the whole thing goes to hell, and it's already starting. It's so interesting and horrifying at the same time.

Short and sweet

Ha mate. New Zealand just had a 50 point increase in the OCR yesterday. The Reserve bank indicated that they will continue to raise the rate upto 3.90% by June next year. The table you presented several videos previous predicted these rates by the end of 2023, but they will arrive 6 months earlier! It going to get crazy when those rate trickle through to mortage payments increases!!

Just found your podcasts last week, really enjoy them, you explain it in a down to earth way thank you

Just found your podcasts last week, love them. You explain everything in a down to earth way so us regular folks can understand . Thank you