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Good analysis. Just a typo on your chart on the "Top 10 Most Livable Cities in the World". The first country is Austria not Australia.

Great analysis Mr Wong. This trend will not reverse itself easily, unless we enter a true recession that will wipe off some housing wealth. A lack of social housing is also a problem

Low interest rates + mass immigration created tons of mom and pop investors who scooped up all of the supply. It has ruined the middle class.

Is easy solution, income needs to increase.

From what I understand, the prices went crazy in and after the pandemic, because 1) less houses were constructed; 2) Boomers who were about to downsize their homes didn't want to get in a virus trap condo tower (with no mortgage left, the status quo is cheap); 2) older Millennials who were happy where they were, suddenly needed 2 home offices and were stuck with the kids all day, they wanted to upsize like never before; 3) young professionals and students, who used to pass most of their time outside their living quarter, suddenly had nowhere to go, but their studio or 1 bed condo or appartement. Everyone was pushing to upsize, so the prices of every categories went up, the smaller options simply following the rest. What is needed now is affordable housing for families, possibly subsided 2000 square feet condo with at least 4 bedrooms, possibly a playground on the roof. All over the world, these 10+ million cities are struggling to make more than 1 bedroom condos for all but the very rich. Between the suburb house and the micro studio, there needs to be something more affordable but still adequate to rise a family, so the middle class (which I understand as the 20 to 80%) can still thrive in a always more urban society.

Great video! I feel sorry for the younger generation. It's difficult for them to accumulate wealth for a down payment. No short cut solution. To Start with, Liberal government needs to go 😂😂😂

Don't you think the dollar's value has decreased after printing trillions of dollars? This, combined with high interest rates, significantly impacts affordability. Why is the middle class punished without benefiting from the trillions printed? Where did all that money go, and who is responsible for printing it and then punishing the innocent by raising interest rates? I believe you know who the villains are. Why would house prices remain low while our dollar depreciates? Does this make sense? The Bank of Canada is losing the battle with inflation, and the CPI numbers aren't accurate. To be fair, I would suggest lowering the interest rate and devaluing the dollar.

good show

The "increase density" resulting lifestyle is a path to bad quality of Life! Kids raised in apartments; no yards to play in, no trees to climb, no "tooling" around the neighbourhood on your bicycle.....sardine can living. Housing unit size shrinking as the densitification trend persists. What if remote work really takes off? Why live in crime ridden GTA? Head out to the "country" or at least to a suburb where you can buy a single family home. Disclosure: i live in Ottawa in a si gke family home. My kids had the life style i describe as they grew up... As i did in small down northern Ontario... But maybe quality of life does not matter.. look at history.. WEF will take care of you... Just ask Freeland and Trudeau! As an after thought... What Is the definition you reference for the word LIVABLE? That is key!!! Our politicians, like trudeau and freeland, are rich... The definition they have for livable likes has at least two meanings... Livable for them likely includes multiple " homes" with at least one of them being a large lot single family house.

Awesome ❤❤❤ nice to know ❤❤❤

Study currency devaluation.

Hey Daniel, good video. I agree with most of it. But it's unaffordable not because of remote work. If you look at your top 10 cities, the minor majority population in each of those cities are Asians. Aka Chinese lol. Majority of the Asian culture doesn't believe in putting their money into stocks but real estate instead. We invest and drive up the prices. We all want to be lay ga sing. Lol

Tenant Eviction after 5 days if no payment.

Only dumb people buy condo

Once Mr Truedo is able to sell his property portfolio, he will make the houses affordable for Canadians. Until then, you just sacrifice 😢

Great move

Where the hell did all these losers in the comments come from

New Mess: Landlord takes loss for Tenant's payment of rent. Landlord pays mortgage/taxes/utilities/repairs/etc... on the property. Landlord goes broke. Landlord declares bankruptcy. Landlord lives in tent. Bank gets House. Government buys house to use as Gov't housing. I could be wrong. But, just seems a bit too real.

I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.

BOC cut the rate and inflation rose. Obviously it was a mistake. Will they make the same mistake twice? Probably not. Notice the timing of the rate cut. It was during peak sales season.

This snake oil salesman is one of those who only cares for lining his pockets

Don't listen to people like them. They are greedy and are the ones who have killed Canada. When they talk about what government is doing to recover, please understand it is our money(tax payers money)...

I guess in this market there are many bids anyway. I don't think this changes anything regardless. I wouldnt have cared if i were to sell.

Foreigners and corporations should be only allowed to owned condominiums.

So basically I'll finish my nursing degree in a year and move down to California where they'll pay me $75 an hour for slightly cheaper real estate. Rather than $40 an hour and an over inflated market. Man I hope all these new comers to Canada have good health because these investments will be useless if they aren't healthy.

@CondoWong - if you had to guess, where do you think C1 condos will be priced in March 2026 compared to today?

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family>

Investor are no renting in part because the LTB court is broken, they cannot provide justice to any one - they are overflowed with cases, mostly landlord with tenants who cannot pay their rents. If the Government was serious fixing their juridical system, many of that housing would come back to the rental market. Even the recommendation of the ombudsman fell short. 😔

this guys a real estate agent, obviously hes gonna say this crap. reality is the TSX beat real estate in the past 20 years, SP500 *crushed* both.

Grouping Vancouver, Calgary & Toronto is nonsense.

i know this might not be the right forum, but I'm looking for recommendations for real estate tax accountant - any recommendation would be much appreciated (independent small landlord in TO here)

Fighting 8.5% inflation (more like 35%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment with Mrs Elizabeth Frankel. in other not to depend on the government for fund.

I think we should create a rental history bureau, similar to the credit history. Why don't we have one yet? Big boys do not want us to.

lol, you’re so desperate that you think Trudeau can save you! You’re rekt condo man 😅😅😅

Before 1972 Canada had no capital gains tax, at least not on real property. At the same time life was good, no homelessness, everyone could reasonably hope to buy a home, have tropical holidays, no beggars, very little drug addiction and of much less severe quality, no unemployment, crime rate incomparably lower, less stress. Yet, no capital gain tax, at least not on real property! What is wrong with today's picture?

It feels like we are relentlessly chased by this government hunting for OUR MONEY that WE PRODUCED by diligently applying ourselves. Their demands are OUT of PROPORTION, their INDISCRIMINATE SPENDING is OUT of PROPORTION. We need a REASONABLE GOVERNMENT as soon as possible.

Condo investors are screwed period! Don't listen to this condo man, he probably is putting every condo he owns on sale so he never need to look back.

Great research Dan!!

I have one question to these so called professionals - did you have to pay 60k interesest per year on your 599k house and could rent it for max 3k per month when you bought it ? If not, them sht the heck up and don't mislead the public. If income went up by the same percentage as the home prices, you could make talk bs like that.

Trudeau is wrong. Things have not changed. Buying a house has ALWAYS been very very difficult. His mismanagement of the economy and his absurd spending has made it temporarily seem impossible. Trudeau is a liar.

離地同溫層大師🥱

Prices are HIGH or prices are LOW. That condo is EXPENSIVE. That car is CHEAP. Easy peasy.

One counter argument to the fact that more people foming to Canada pusing the prices higher is that most these people don't have money. Besides Canada economy is nkt exactly growing to create jobs for these people. So I'm not sure how "more people" is a good thing. My 2 cents.

How about New Capital Gain tax?

The only way to keep up supply next 5 years is for the Federal government itself to be the developer…

We need Hong Kong style cage houses in GTA if we are serious about affordibility.

Same with the Vancouver area. Hold on to it.

When will people see the .25 cut in our mortgage payments?

How did those 2023 predictions turn out? Welcome to the clown show 🤣

And no, low interest doesn’t drive markets… cheap + loose loans do. Banks don’t lend in recessions/depressions and so historically real estate crashes in recessions despite i rates dropping. Mind u, I would not bet on rate drops with such astronomical inflation. FED clearly stated their stance on this. That 0.25 i rate drop caused an instant 0.53 rise in Canada wide inflation for every single product via a 0.53 drop in CND value.