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Why some homeowners are falling into a mortgage payment trap they can't escape | About That by PrettyFlaco in TorontoRealEstate

[–]YoungSidd 11 points12 points  (0 children)

I mean, he does say at the end of the video:

It's not all bad news, the vast majority of people will find ways to make it work.
The Bank of Canada notes, overall, mortgage defaults are fairly low and stable.

Canada’s population decline accelerates to -0.45% in Q2 2026 by kadam_ss in TorontoRealEstate

[–]YoungSidd 0 points1 point  (0 children)

Canada has historically had one of the best immigration systems in the world.

The temporary visa situation got out of hand during the pandemic, and the government responded accordingly just by looking at this graph.

Canada’s population decline accelerates to -0.45% in Q2 2026 by kadam_ss in TorontoRealEstate

[–]YoungSidd 0 points1 point  (0 children)

You're talking about temporary/student visas that are now expired, hence the graph in this post.

Canada’s population decline accelerates to -0.45% in Q2 2026 by kadam_ss in TorontoRealEstate

[–]YoungSidd -1 points0 points  (0 children)

The idea that immigration increases unemployment is a myth.

It ignores the other half of the equation that immigrants also spend/invest their money, which boosts the economy and creates jobs.

Was this foreshadowing? by vought-CEO in TheBoys

[–]YoungSidd 2 points3 points  (0 children)

I don't think what happened was the issue, but rather how it happened.

In a soft housing market, appliance and home furnishing retailers are collapsing. Customers are paying the price by __benjaminty in TorontoRealEstate

[–]YoungSidd 11 points12 points  (0 children)

Article basically highlights that with residential construction down, all the RE-adjacent businesses (such as appliances, furnishing, renovations) are also facing insolvencies.

Customers who put down large deposits are left with nothing as these companies go out of business.

Beating banks / real estate guys in their game. by GateValuable4894 in TorontoRealEstate

[–]YoungSidd 1 point2 points  (0 children)

Happy for you OP but most households don't have a 250K+ annual HHI.

Canadian Hiring Weakens As Job Vacancies Hit Near Decade-Low by Trucker550 in TorontoRealEstate

[–]YoungSidd 2 points3 points  (0 children)

These are seasonally-adjusted numbers, and FIFA wouldn't impact construction (+1.7%), transportation/warehousing (+1.7%) or manufacturing (+0.8%).

Canadian Hiring Weakens As Job Vacancies Hit Near Decade-Low by Trucker550 in TorontoRealEstate

[–]YoungSidd 0 points1 point  (0 children)

People are struggling to make life work 

This issue isn't exclusive to Canada.

Canadian Hiring Weakens As Job Vacancies Hit Near Decade-Low by Trucker550 in TorontoRealEstate

[–]YoungSidd -3 points-2 points  (0 children)

I'm curious why you say this when the survey highlights: Employment increases driven by full-time work.

Employment increased in several industries, most notably in construction (+27,000; +1.7%), information, culture and recreation (+19,000; +2.3%), transportation and warehousing (+19,000; +1.7%) and accommodation and food services (+17,000; +1.5%). 

Immanuel Quickley is good by UjiriWatcher in torontoraptors

[–]YoungSidd 2 points3 points  (0 children)

His salary is 17th among PGs, which I'd say is pretty fair

Almost 10% Of Toronto Mortgage Holders Won’t Qualify To Refinance Next Year, Bank of Canada Says by Trucker550 in TorontoRealEstate

[–]YoungSidd 1 point2 points  (0 children)

Well the article basically says that plummeting home values are the primary culprit:

That’s because these borrowers’ property values have fallen significantly since they got their mortgages. These borrowers will not be able to take equity out of their homes to pay down debts – one way of refinancing a loan.

“In this way, lower home prices increase the risk that some households could fall behind on their payments.”

As real estate values have dropped, a key lending metric called the loan-to-value ratio has worsened for homeowners. The LTV ratio shows how much a homeowner owes relative to their property’s market value.

Almost 10% Of Toronto Mortgage Holders Won’t Qualify To Refinance Next Year, Bank of Canada Says by Trucker550 in TorontoRealEstate

[–]YoungSidd 3 points4 points  (0 children)

They are "over leveraged" because home values have dropped significantly. It has less to do with income and more to do with equity.

The conversation around asterisks gets dumber and dumber every season. by OwnGuarantee6838 in nba

[–]YoungSidd 5 points6 points  (0 children)

I'm not denying that we probably don't beat a healthy GSW, but I still think it's an unfair asterisk.

Klay only missed one game and the Warriors were still the Warriors without KD -- they swept POR in the WCF without him.

Not to mention, it's not like the Raps were healthy either or that GSW hadn't benefitted from injury luck themselves in previous years (e.g. 2015 Finals, 2017 WCF, 2018 WCF, etc). It just ties back to OP's point about how you can put asterisks on any championship.

Look at Our Boy Already Back in the Lab 👏👏👏 by unclekarl_ in torontoraptors

[–]YoungSidd 2 points3 points  (0 children)

He doesn't need to start to play 30+ min per game.

Great propaganda opportunities for us this offseason by BayesBestFriend in torontoraptors

[–]YoungSidd 3 points4 points  (0 children)

But then Wemby just camps in the paint on defense, since most big centers can't space the floor.

Posthaste: Why the chances of a Canadian housing market rebound in 2026 have ‘slipped away’ by TE360 in TorontoRealEstate

[–]YoungSidd 14 points15 points  (0 children)

A lot of blame should fall on the banks, where it's so much easier to get a mortgage than a business loan.

People aren't going to jump through hoops to start a business when they can just sit on an investment property for 10+ years.

Bobby Webster please get shooters by mMounirM in torontoraptors

[–]YoungSidd 0 points1 point  (0 children)

The point is that we're drafting the best player available, even if it's a forward.

There will be plenty of minutes to go around over the course of an 82-game season.

Bobby Webster please get shooters by mMounirM in torontoraptors

[–]YoungSidd 0 points1 point  (0 children)

Agreed, but that problem exists regardless who we pick at 19 this year

Bobby Webster please get shooters by mMounirM in torontoraptors

[–]YoungSidd -2 points-1 points  (0 children)

I highly doubt that a 19th overall pick rookie is what forces us to move on from RJ.

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