95% Chance of PRICE DROPS in the Next 2 Months - Canada

The data is overwhelming for the probability of real estate price declines in the then 2 months in Canada. 95% odds of this happening which increases to 100% if you exclude the 2020 pandemic data. I also quickly review inflation data and criticize a recent CTV news interview with Canada's Housing Minister Sean Fraser and his non answers on housing affordability going forward. #housingcrisis #realestatemarket #realestateinvesting #bubble #jonflynn #news #realestateinvesting #investing

[cindyb.]

I can't stand this word salad. Politicians make me sick for the most part. Fork tongued liars.

[matthewsemenuk]

We did it Toronto-St Paul's! we sent a message loud and clear!

[faisal-ca]

Inflation never went down. All inflation numbers reported are on top of what has been going on in last few years. Ordinary citizen doesn't care about quarterly results. Their salary did not go up with inflation over years. That is what they are facing.

[mateofernando]

The condo market in the GTA has already shown the beginning of a crash or free fall. 8100 + condos that are available that no one but investors would want to buy. $700K for a 1 bedroom shoebox in the sky??? WTF???

The crash is imminent. Get ready to have some dry powder to get a good deal.

[AshrafulAlam-zwxw]

So the housing minister is not able to say that the house price needs to go down. Such a clown 🤡

[MarketManiaCA]

Retirees need that housing equity to escape 🇨🇦! 🤣Great work Jon. Congrats on 20k subs!

[kevinn]

It's called a correction. We need a correction. We needed a correction in 2009 but the gov't back then stepped in and pumped the market.  We haven't had a correction since the 90s.  

We need to wash all of the investors out of the sector by taxing them at commercial rates and dropping the land transfer tax.

It's been absolutely incredible that we've hardly seen a correction yet. And in Toronto that means 25-30% drop from here.

[dougpatterson]

Prices coming down to 2019 levels and staying there for about 10 years to allow wages to catch up to what were still high prices in much of the country would be ideal.

[KatBecker]

Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[johnnylarue]

If you fall for Fraser’s answer, you’re probably a Liberal voter.

[lawrencehalpin]

Thank you Mr. Flynn for the effort you put in to educating us on real estate. God bless you.

[Behrnahrd]

The Trudeau mouthpiece is a professional BSer

[dansmith]

That toronto house pictured behind him sells for 1.4 mil.

[sergeszk]

I am here, John! Waiting... It shall happen

[raylagesse]

The interview critique was spot-on! It's frustrating when answers dodge the real issues. Your breakdown of the housing market dynamics was clear and informative. Great job!

[revagreen]

Agree with him. Building rental apartments won’t necessarily bring down detached homes values.

[quixomega]

As far as I'm concerned anything short of "prices have to come down" is the wrong answer.

[stevenlebel]

John I watch all your shows. Very good reporting. What mls system do you use? Realm or Matrix?

[Jarjarjar]

The politician: blah blah blah sam slick from slickville blah blah blah. He'd best have other employment plans...not looking grand for libs

[carlleblanc]

Yesterday on Centris (Quebec real estate MLS), virtually all the new postings in the Outaouais were price reductions. Between $50k and $10k. I guess all the realtors have come to the realization that this is the last week of June, and as Jon mentioned and it's your last opportunity to try and sell before you either delist or wait and take a more considerable hit in the coming months.