Відео

With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

@Steve Sales are low in GTA for a specific reason. And it makes sense, right? Is this the end of the world? The opposite. why complaining about sales? We need to be happy for more inventory and no more need it expensive housing. Welcome to the reality in Canada. We should ban multiple offers. We should put mandatory for resale 10 days cool off. MANDATORY. Now, in buyers market, it's the right time to do it.

Such corruption.

the c is for communism

Podcast starts at 6:37

"Luxury Condos Facing Million Dollar Losses", Good!

As an investor why would i invest in a province that can change the rules so quickly,im thinking about the short term rental laws in BC tbh.

You get who you vote into power. And meanwhile influential oligarchs bets on their horse spouting horse shit promises and people realize it's another puppet. Perpetuating hopelessness.

43:00 Q. "We cannot win the election what should we do?" A. Increase carbon tax refunds and if that doesn't work, hack the election computer to change the vote count. Seriously you guys, do any of you vote? Did you watch what the poll worker did with your ballot? He put it into a machine that scanned it and sent it out over a wifi connection. Ballots are not counted by hand anymore. Tell me what's to stop the computer programmers from doing whatever they want?

25:15....my local Tim Horton's has turned it's staff over by 80% in the last year or so. 1. Where did all the people go that were working there before Trudeau-gration? 2. We have a minimum wage here in Ontario...why would a business owner lay off experienced staff to pay new staff the same minimum wage when those new employees can't even make change? 3. I am left to assume there a hidden wage subsidy for immigrants

The prosperity we’ve enjoyed will create the pain we suffer. Blame JT, but most Canadians voted him in, and left him there too long. Who do we blame for voting in stupidity?

Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.

Funny when they took the Moon pictures there was no stars.....😅😅😅 Inflation higher and u re surprised.... Maybe dey lying....😅😅😅

New title, 'Unnecessarily high interest rates squeeze renters'

What you are all tlaking about is Sovereign Default. Debt holders are boiling frogs. They simply don;t know they are broke.

I look forward to this podcast every week. It’s coffee and the three amigos every Saturday morning. Unlike some listeners I do enjoy the banter. As far as I am concerned your show just keeps getting better. The last 2 weeks have been terrific and the quality of the guests you are attracting is both interesting and informative. Always start with the good news first, right Keith?! Every once in a while the conversation includes some frat boy expletives and it just clangs. As I sometimes say to my husband … you’re not at the bar with the boys 😎 This is a quibble I know. Having said that I will certainly continue to look forward to my Saturday morning Financial / Real Estate / and Data tutorials.

This summer is going to be unique in Toronto, GTA Ontario and surroundings. Bigger inventory, better choices. That 3.7 million homes in 7 years it's totally in the cards if we are going to maintain this pace. Brand new and resale in total. So, the plan is working for affordable housing. Are prices coming down a little bit? 100%. I am representing clients in over 30 cities. I can see these things every single day. Posting daily real estate news.

Banning those ads may be a step too far, but you have to admit, the "we're the 'good' kind of oil company" ads are pretty cringe

Thanks guys for speaking up. Rich, you are a star!

This is the reason govt should not exceed 12% of a working persons' income. Anything larger creates a cancerous growth of grifters and con artists ripping off productive society.

We forget why japan went to QE in the beginning. If they let the bond market float and stop QE, it would quash inflation in an instant and become massive deflation. Japan is an aging society that despite all of their QE efforts have very little demand. They HAVE to have a massive internal bond market because of two reasons: 1. mis allocation of capital especially as they directed funds into certain industries previously. 2. more importantly, they have demographics that don't exactly scream internal demand but rather massive savings which means it has to be recycled somehow through either exports of goods, or capital, or alternatively, through massive internal debt structure, there is literally no other way. Rich is 100% correct (except the part where external debt isn't who it is owed to but what currency it is owed in) in that this is largely internal debt issue. Sacrificing the currency would definitely be my move in Japan because otherwise you might see a deflationary spiral that they wanted to avoid for the last thirty years. One more advantage of weaker currency is this: If I am running a system whereby I rely on outsourcing my capital to other countries and grabbing a share of the profit from the growth on that capital to support my aging society, a weaker currency isn't the worst thing in the world as the value of my profits are higher in domestic currency. I know this is cyanical but this is likely how they would also view it.

Can’t wait for people to realize this is as good as it gets.

The CPI came in hot, and I got a picture in my mind of Freeland with a "Mission Accomplished" banner.(Head bobbling and all)

Interest rates must be reduced to at least 4.5 percent for home buyers. If not Canada is heading for disaster as a country.

People want Trudeau to go he is not problem Christa Freeland needs to go she has not got a clue on finance

Rich and Keith seem to pussy foot around the fact they believe the price of real estate market is going to tumble fairly hard. With all the rest of their opinions on the economy they are forecasting very tough times and in fact shorting the economy so why is it other then for Steves benefit to they act like they dont understand whether house prices will hold up or not but instead they soft ball questions Steves way when dealing with housing as if they dont understand or have an informed opinion.

Sorry boys Richard is my favorite

800 people for Tims...is exactly the problem until we have 800 people looking to operate equipment or ANY trade job, then you can slow down immigration

Just curious if Rich can speak or read Hebrew? NASA ?? CANA DA? (2 words) Do you know that if one does side-by-sides of some Claire Bronfman pics( before she got real skinny), she looks just like Manitoba's Ukrainian girl Freeland. Small world or what ? Just a few things that make one go hmmmm.

I can’t believe that the big brain economists at BoC don’t realize that pouring gasoline on fire aka rapid increase of rates cause rent inflation. Asset owners are simply passing down their costs on the end users. Increasing the rates was a good step but I’m positive if they would stop at 3.5% the inflation would be back to 2% late last year.

I’ve said this for 2-3 years now. At a certain point inflation will just be too high and when it hits that magical number either wages jump 30% or people stop paying rent, mortgages, car payments and everything comes crashing down. You can pull the financial levers all you want but everyone needs food, shelter and transportation. There’s plenty of food, shelter and transportation available but speculation and the need to keep quarterly profits up have pushed the numbers too high for people to afford them anymore. The consumer has been priced out in exchange for short term profits. There’s no juice left to squeeze so everything is about to come tumbling down.

Of course inflation is higher. It will take years for Trudeau’s printed 400 billion to keep doing its damage.

You have a Swiss mechanical instead oh tic toc right Kieth maybe a Phillip pateck

Don't worry this 3rd world dump will get so poor due to socialism that unskilled labour WILL become the skilled labour.

Just a thought.2 percent is per month times 12 months so that’s is that not 2.4 yoy

Rich has the best microphone discipline and he is the easiest to hear. The other two should take his lead.. especially Steve... geez man, why not at least get a stand!? I spend all my brainpower being distracted by the mic I can't focus on what you're saying.

How about 1.5 million more Sanjays and Gagdeeps? That oughta help. Tim Hortons on every block. The Hyundai Elantra Gang be everywhere....

Leadership contest takes about a year, more than likely they wait till fall, JT steps down, they blame the Leadership contest on them drawing out their stay and collecting their pensions.

The under supply in housing is due to zoning regulations, and the unrealistic expectations of many people living in Canada.

Lol Steve and his damn cut bias for someone who isn’t a debtor but a saver ranks him lowest of all the Loonie Hour hosts in my book 😂. Fuck the cut! Hike, baby! Hike! The disingenuous thing about how they frame inflation is in a manner that PRICES are decreasing over time or at least financially illiterate people seem to interpret it that way. It’s a rate of change decrease, our 25% loss in purchasing power is just being compounded upon by the current rate of inflation and will continue to compound. Prices on goods will never be back to where they were but man do people like Christian Freeland try to frame it that way.

"fun with your family"? Really? You should know Boomer, there was a time when people had to SAVE UP for trips, which were a luxury. Now people feel like they deserve a vacation every year, like they have to "get away." Give me a break.

Wish they'd just jump right into the topic and cut the small talk

FJT

Would love to hear your take on how to invest to mitigate for stagflation!

You guys should try to get Maxime Bernier on your show.

Steve been flip flopping like crazy. Housing market going down, housing shortage was exaggerated from beginning. It was caused by moronic speculators and the banks trying to hold up THEIR assets by extending amortizations and allowing people to go negative equity but they can only do that for so long and the speculators starting to bleed out

I love how people continue acting like Canada is not in a recession. Creating demand through mass immigration masks things a bit.

Informative and entertaining as usual.

Not going to solve housing cost and shortage as long as you don't control immigration

Has anyone seen the dollars given out to immigrants based on single, single with 1 kid and so on? Furniture, cell phone, all bedding, bills paid for etc. Its crazy.