Posts

Where is the Housing Crash: - Canadian Housing Market Update – October 2020

Image
Hey Guys!Welcome back to DG Capital - Premiere destination for Personal Finance, Investing, Real Estate and More.Today we will be taking a look at what’s happening with the Canadian Housing Market and all the latest news, stats and figures to keep you informed, so make sure you hit that like and subscribe button to support the channel and for more future videos, so let’s get started. What’s happening now is that single family homes sales are on the rise and the pain is being felt in the downtown condo sales.  There is an economic shift being felt in the housing market, potentially pricing declines in condo and apartment style homes and major uptick in townhomes, semis and detached in suburban markets.  This shift is further inflating the already inflated housing prices. Toronto real estate prices are so inflated that a Swiss investment bank is warning the city that it is sitting on a high-risk bubble.  According to the UBS Global Real Estate Bubble Index, Toronto ranks as the third mos…

CRB Update: It’s now Official | CRB Application Step-by-Step Walkthrough and Guide

Image
Hey Guys!When we last left off the Canada Recovery Benefit (CRB) update it was in the middle of receiving royal assent in order to become official law in Canada, which occurred on October 2, 2020 with all political parties supporting the vote.In this video I will walk you through all the finalized changes and what you need to know in order to successfully apply for the CRB so you can start receiving your benefits.  There is a lot to talk about, so lets jump right in.   This time around the government has learned from the CERB program and have added additional screening measures in hopes of weeding out anyone who applies for the federal government’s three new COVID-19 benefits but isn’t actually eligible, this measure comes after concerns that some individuals may have previously tried scamming the system. Its too bad there are individuals taking advantage of a system put in place to help those in real need.When applying for the CRB, if your application is flagged for additional review,…

Canada Recovery Benefit (CRB) Update | How to Apply for the Canada Recovery Benefit ($500 / Week)

Image
Hey Guys!With the Canada Emergency Response Benefit coming to an end, and many jobs returning and Canadians going back to work, the federal government recognizes that there remain other workers in sectors that have been particularly hit hard who continue to need support.Find out what you’re eligible for and the how the new benefits will impact your finances, so tuned, stick around and lets find outOn September 24th the government put out a press release announcing the introduction of Bill C-2, this new piece of legislation will create three new temporary Recovery Benefits to support Canadians who are unable to work for reasons related to COVID-19.  On September 25, CTV News reported the NDP supported the draft bill, paving the way to a successful vote.My last video covered the introduction of these 3 new benefits and their eligibility criteria.
Today, I’ll be talking about what changes have been made to these programs since then as they move from draft proposal to finalized legislation…

Canadian Housing Bubble 2020: Buyers Moving from Toronto to Windsor? | Canadian Real Estate

Image
Hey Guys!Windsor's real estate market is red hot, according to residents they have never seen housing prices rapidly rise so high in the region.
Based on a recent report by the Canadian Real Estate Association (CREA), the average home price in the area is over $400,000, which is an increase of $65,000 — or close to 20 per cent — from June 2019.

Question is, why is the market so hot suddenly?  Part of the reason is that the price increase is reflecting the growing demand of buyers from outside the region who can work from home and no longer find it necessary to live in a big city like Toronto
To me, this makes sense.  If you have the flexibility to work from home or remotely, you are location independent.  You can work from anywhere, so why not take advantage and move to a lower cost of living area and take advantage to purchase a bigger property (if that’s your goal) for the same price you would buy a condo?
This also works for renters, the average rent for a 2 bedroom in Toronto is a…

CERB to EI Transition | Canada Recovery Benefit | Sickness Benefit | Care-giving Benefit | Explained

Image
Hey Guys!CERB has been extended by a month, EI has been changed and the government has introduced 3 new measures to helps Canadians recover from our economic crisis.  Stayed to tuned to the end to learn about what the government has in store for you.

What is happening to the Canada Emergency Response Benefit and Employment Insurance? The government is extending the CERB by an additional four weeks, thus offering a maximum 28 weeks of benefits, which equates to $14,000 of CERB.  After that maximum is reached the government will launch a “simplified” EI program and three new kinds of benefits on Sept. 27.
Those on CERB will be able to transition to EI if they qualify under new parameters.
How many hours do you have to work to qualify for the new EI? Canadians will now qualify for EI after working as few as 120 insurable hours, the equivalent of about 3.5 weeks, in the last 52 weeks.
Those claiming EI will receive a one-time credit of about 300 insurable hours for claims, if they have lost the…

Weekend Reflections - #6

Image
Hey Guys!
Happy Long Weekend
Welcome back to another Edition of Weekend Reflections.  This is where I compile a list of articles, videos and other content from myself and around the web that has caught my attention 😎
From a trip to a local Lavender Farm!
DG Capital Updates:
Canadian Housing Market Crash - Happening in 2020? | Canadian Real Estate

Find out what you need to know when and if there is a Canadian Housing Market Crash in 2020. Is there a Canadian Housing Bubble? Is now the right time to buy or sell? In this video, I'll go over the facts on what you need to know about the Canadian Housing Market Crash to help answer all these important questions and more.
Reflections From Around the Web:
If you have a post or a video you'd like me to feature in my Weekend Reflection series, please reach out through the contact form on the left-hand side.  Record economic plunge, bleak jobs numbers reveal virus toll
Apple earnings: Apple crushes Q3 expectations, announces 4-1 stock split

Pan…

Canadian Housing Market Crash - Happening in 2020? | Canadian Real Estate

Image
Hey Guys!
Find out what you need to know when and if there is a Canadian Housing Market Crash in 2020.  Is there a Canadian Housing Bubble? Is now the right time to buy or sell?
In this video, I'll go over the facts on what you need to know about the Canadian Housing Market Crash to help answer all these important questions and more.

Check out my Investing series to help you become a more formed investor.
Video Summary: The Canadian property bubble refers to a significant rise in Canadian real estate prices from about 2003 until today this has been described as a real estate bubble.  Over this period Canada has seen an increase in home and property prices of up to 350% in some cities, leading to a large real estate bubble.Despite the warning signs, the population here believes it is just a boom in the market that will eventually slow on its own.  Canada is a nation that is heavily dependent on the real estate, as it accounts for around 12% of its GDPThose waiting on the sidelines for a…

Weekend Reflections - #5

Image
Hey Guys!
Welcome back to another Edition of Weekend Reflections.  This is where I compile a list of articles, videos and other content from myself and around the web that has caught my attention 😎

Taking a break from YouTube shoots to spend time at the lake!
DG Capital Updates:
Tesla Stock Prediction (Bubble about to Burst?) | Where does Tesla Stock Price go Next? | TFSA Q&A

Telsa Stock Prediction, a Bubble that is about to Burst? Find out the reasons why some Telsa Stock Predictions call for a dangerous Bubble. And what you need to know to avoid penalties on your Tax Free Savings Account Canada (TFSA) in this episode (#2) of DG Cap Unfiltered. Is the market expecting Tesla Stock Price to go Higher or Lower due to the recent run-up in Tesla Stock today? Everywhere you look in the headlines, everyone is making Tesla Stock Predictions about how Tesla Shares today have entered a dangerous bubble territory and now buyers need to be aware. Is Tesla Stock the right investment for you toda…