You’ve heard me talk about the effects of money printing, global shortages on a lot of things, substantial inflation is coming and you got to invest to protect your cash.
You might disagree with me and you can completely ignore what I said.
But I don’t think you should ignore one of the most successful investors of all time and currently the seventh wealthiest person in the world.
He’s here today to answer the question “are you seeing signs of inflation beginning to increase?”
Warren Buffet.
A few weeks ago, some banks urged the government to take immediate actions to cool the housing market.
We went through some of the BMO suggestions in a previous post.
The ones that got the most attention or debates were the ones related to adding new taxes, especially applying the capital gain tax on principal residences.
So the federal government delivered the 2021 budget on April 19.
It’s the first budget since the pandemic and it’s massive in both size and spending. We have a 725 page document proposing $101 billion dollars in new spending. And the federal debt is expected to climb over $1.2 trillion dollars in the current fiscal year. In this video, we’re going to take a look at the top 3 government spendings in the 2021 budget.
Then we’re going to talk about the top 3 revenue measures. Yup, that means new taxes and one of them is a housing related tax.
Today, we’re not just going to focus on the housing market.
We’re going to take a look at a bigger picture of our whole economy.
And we’ll discuss the top 3 issues on both the supply and demand side of things.
In basic economics, when supply matches demand, then we’re in equilibrium.
And prices should stay pretty much the same, other than the normal 1 to 2 % inflation.
Prices would start to move when there’s an imbalance of supply and demand.
Here’s what the pandemic has done.
It significantly disrupted our supply chain and at the same time it created a lot of unexpected demand.
Let’s start with the top 3 reasons why there’s so much unexpected demand.
Are we in an overheated housing market?
Is the government going to make immediate policy changes to cool it down?
The market has been flooded with news over the past couple weeks.
And if you just look at the headlines, they can certainly be very confusing.
Some banks came out to say that the government needs to take immediate actions to cool down the market.
But then some banks also came out to say “Hold on guys, let’s just wait and see before making any rush policy changes”.
So today, I’m going to pick out some of the most popular headlines and we’ll dive in to see what they are really saying.
We always talk about investing along the subway line, but there are actually 75 subway stations in Toronto, so which one should you pick?
A few days ago, I had a chat with the restaurant owner next door to my office.
He’s 60 years old and has owned the restaurant for 30 years.
He has lost a lot of business since the pandemic but good thing he has enough to survive through.
He told me that he’s going to up the price in his menu by quite a bit when things fully reopen…
40% of condo investors in Toronto plan to sell due to the new vacant home tax.
It’s all over the internet.
Sounds alarming, doesn’t it?
What’s my take on that?
Today, we’re going to discuss 2 controversial topics.
Let’s consider 2 brand new units and you’ll see the answers for yourself.
These 2 units are 1+Den units with the exact same layout.
The 1st one is vacant with all standard finishes.
The 2nd one is loaded with upgrades and professionally staged with furniture and decorations.
Alright, let’s go!
We did it again! We’re now looking forward to getting out of our second lockdown.
So it’s time for me to update you on how the Toronto real estate market did during this second lockdown.
And I’m going to do this in 2 parts.
For the first part, I will share the official January market watch report from the Toronto real estate board.
For the second part, I will share my day to day experience on the current market, what people are thinking and why they are buying right now.
Make sure you stay till the very end because I’m going to share something very profound.
Before we get started, subscribe and hit the bell so you always stay on top of the market.
Alright, let’s do it!
Multiple offers are so common these days and I’ve hit into this tricky situation a few times already in the past month.
I’m surprised that many realtors don’t even know the answer to the situation and often cause unnecessary fights.
Let me share this with you so you’ll be well informed.