Toronto Real Estate housing Bubble - Kevin O'Leary is wrong as usual - 2017

The Toronto housing market bubble and even the Canadian real estate market bubble are claims of fear mongerers like Kevin O'Leary. Kevin O'Leary continues to fear monger around the idea of investing in real estate in Toronto because he claims the housing bubble is about to burst. Kevin O'Leary's claims about the housing bubble bursting are nothing new and he has been claiming this same tale for many MANY years now. Marty and Amanda are Professional Real estate coaches and investors. After working with Scott McGillivray on HGTV and being featured in the pilot episode "Buyer's Bootcamp" they've drawn quite an audience. They manage a large portfolio of their own properties as well as several for their investment partners. There is never a dull moment with these two and they film all of the horror stories of property management for everyone to see! They are ACTIVE investors as well so while managing their existing properties, they are always buying more and renovating the properties to create additional investments to add to their portfolio.

Comments

1. and buy the way all bubbles burst, u should look at shillers research youll see how wrong much of what u belive to be true is.
2. public buys most at top least at bottom, one of shillers top signs of a bubble, and 1m houses in gta rent for like 2100 a month lol
3. Invaluable perspective from someone who actually has experience in real estate investment.
4. Just pack up and move to another country or to another province. Condos in Edmonton go for well under $100,000. Resale apartments can be had for as low as $50,000. If you buy in the GTA eventually you'll lose at least half your money and then the condo will flat line for decades to correct the imbalance in price.
5. clowns, YOUR VIEW IS ON SO BASIC, when price going down, nobody want to sell, they broke. let's see what gonna happen next yr.
6. I am in my fifties and trust me crash's do happen, trust me I know. 3 x your salary was the historical mortgage ratio. Now it is over TEN times! Also half a generation priced out altogether...
7. The crash is predicted because the rate of pay is not increasing with the rate of increase of housing cost. the largest population the working poor and poor. In 2008 the number of working and poor equaled to 53% of the population. ( http://open.lib.umn.edu/sociology/chapter/8-3-social-class-in-the-united-states/)
8. The crash is predicted because the rate of pay is not increasing with the rate of increase of housing cost. the largest population the working poor and poor. In 2008 the number of working and poor equaled to 53% of the population. ( http://open.lib.umn.edu/sociology/chapter/8-3-social-class-in-the-united-states/) when wages stagnate and basic necessity like housing rise this socio-economic issue becomes greater over time. "housing costs should not exceed 30 percent of a household's total income." But, in our current market, families and indaviduals are exceeding that. Over 44% are paying over 35% of their income and thats a mild average across the board. (Housing Affordability Burden For U.S. Cities. Governing, States and Localities)
   here in portland oregon our housing prices are rising faster than anywhere in the nation in history. we have not hit San Francisco prices yet but will. we compete directly with New York. I ask you to check your privlage. Not everyone is competitive, do we artists and craftmen deserve poverty because some are willing to suck the life out of people by chosing to charge more than 30% of full time at a minimum wage job?
9. You know, its kinda funny to see all these hostile comments towards us. Kevin Oleary is quite hostile too. Yet ive demonstrated how his advice in 2013 was completely wrong, and he continues to be wrong. Maybe someday he'll be right. But the fact is, the city i invest in (Guelph) was ranked #1 city in canada just this week. Ive been saying this since I started in 2006, which is why all of my investments are in Guelph. Hmmm I guess I got lucky....right? Or do I get some credit for selecting what now ranks as the NUMBER 1 city to invest in real estate? Yeah, im a total failure. I wonder what an article like that will do to guelph's market in the next year....
10. Two clowns on steroids giving financial advice.
    
    They make me vomit.
11. 2 idiots that profit from an inflated housing bubble are giving advice!! listen up people. ever canadian bank says it's a bubble including the bank of canada.
    there advice is buy a house now pay 1.6mil and when interest rate goes up and your house it worth 700k you still win because your paying mortgage on a 1.6mil loan for the rest of your life. as the cost of homes goes down so rent so you won't even be able to pay the mortgage and become a slump land lord. I see the future of these 2 hahah
12. u guy dont know shit, it will pop, the interest rate is at low level, if its goes up housing will go down.
13. I like to take financial advice from steroid addicts.
14. Markets are sticky and it is a bubble. It does take time. It will go up before falling. When in the bubble you can't tell. I guess you don't look at the ZB and ZN futures.
15. I hope you two have built yourselves a way out. Your irrational exuberance suggests otherwise. I would recommend you look into fundamentals, things often ignored until too late. Also, your definition of a bubble is categorically incorrect, and yes; there are plenty of ways you CAN know you're in a bubble. Historical pricing trends, income levels, and other underlying fundamentals are indicators of bubbles (say, how immigration has remained consistent). Good job to anyone who has crystallized their profit and sold their assets that had appreciated. Most people will hang on until they are underwater, as what has happened everywhere else, always. Good luck carrying a bunch of cash flow negative properties in the future!
16. Dumb and Dumber
17. fair to say "alleged". canadian banks are stress tested and well regulated but when top banks CEOs and economists start telling you there is a bubble. I don't know how you can say "alleged" ? CHMC even warned about a bubble . And There is a huge problem with 1st time home buyers taking on debt on average over 10 to 20 times their income. Any downturn in the economy or interest rate hike will keep these people spending in the economy which in turn will turn to more businesses going under and more layoffs. China is also curbing their capital outflows. This can mean less money being able to properly find its way from china into Canada to purchase real estate. The US will raise interest rates which in turn I am sure canada will have to.
    
    Kevin o'leary has been through the cycles of real estate ups and downs and deals with billions in business. i would not entirely say his point is useless
18. You missed that Vancouver' s investors shifted to Toronto and the same time prices and sales in Vancouver dropped. Toronto's increased exactly within the same time. Another point you are missing is for mortgages to be renewed during the deep. Interests might go up on top of it. This is very dangerous. Most fixed rates are higher than variable and Canadians' debts are at records high of 160%. My rent is $600 less per month that purchase costs.
19. What a dumbass video. There's no money to be made in Toronto. Even Scott doesn't have any money there
20. rental is a long term investment. the market is over inflated however could possibly correct. dramatic change in prime would cause a correction. the last correction took 7 - 10 years to return to pre crash prices. as long as you dont sell your property and continue to collect rent you wont dramatically experience the correction. selling during a crash would just mean a capital loss. you cant really go wrong with investment property. the sooner you buy the sooner you start making income.