- Open and honest
communication is better communication.
All comments in this Blog are
of scientists in their own rights.
-
Scientists have freedom of researches and freedom of ideas. Some ideas may
be different with your ideas.
All is for the purpose of
sharing ideas & technology, opening new ideas, improving business
efficiency, shifting innovation, making society open & advanced.
- Fostering a culture of shared creativity and innovation. - It is not sugar coating, open and honest, a lot of data.
-
Innovation is contagious. Mindset is contagious. To build something big, you
need surrounding people who are big mindset. Mindset influences very much
the way people think, do things, build things: Product, Service,
Policy, Company, Business, HR, Operation, Sales & Marketing ... When you
assemble a big mindset Team, you will come up with something big, big ideas,
big things. To do big things, we need to ignore small things.
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Technology + Life + Story.
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take photos from iPhone, Android phone Galaxy, Tablet.
- Game Theory
click here.
| Millionaire Households Rank in the World Click
|
Toronto = GTA + City of
Toronto Map,
click here
- Apply
Economics on Toronto Housing's Problem Solving
scientifically Click
-
Click
Cost Buy home in 50 US's States in July, 2019.-
Click.
Salary needed to Buy Home in 20 major US Cities.
-
Canadian Millionaires
rank #2 by population in the World. Where they live?
(some update)
Click here
- See Up-to-Date "Wearing Mask":
Help Reduce COVID-19 transmission.Can COVID-19 transmit by air-conditioner?
Save lives. Click here
- Reopen economy. Spike in COVID-19 cases in many countries.
- WHO (World Health
Organization) revises in
July 7, 2020, on COVID-19
is Air Transmission, Airborne, on Mask in June 1.
Take a while for WHO to get it right the important of Wearing
Mask & COVID-19 airborne. Which a Scientist
Professor recommended back in April, May (see Blog April, May)
that: "-
COVID-19 can spread via micro droplets, tiny
particle. Which can linger, stay aloft in the air, and
can travel in space in the air, poor ventilation. You could breath in
COVID-19. When
people talk loudly, coughing, sneezing, laughing in crowded public
gathering, bar, night club, restaurant, closed contacted, closed room space.
Need wearing Mask.If known at early stage of pandemics, during virus peak lockdown in April, 2020 ".
Just in July 11, NHK Japan:-
WHO confirmed: - Aerosol spread possible -> Which means COVID-19
spread thru air, airborne. People breath in COVID-19.
Click here
(up: July 23, 2020) - We Explain Why Toronto Home Sales
plunge 54% but Home Price up in Blog June, 2020
(July, 2020) Click
here.
- Intro the
Author of Blog
Click here -
Linked In:
https://www.linkedin.com/in/daviddang/
-> I started career BIG 20 y ago as Professor, 50$/ hr, 100,000$ /year.
CEO of multi-billions corporations like: Facebook Mark Zuckerberg,
Pay Pal, Tesla Elon Musk, Shopify Tobias Lütke, Apple Steve
Jobs, Oracle Larry Ellison, Alibaba Jack Mar, Dell
Michael Dell, Microsoft Bill Gates, Airbnb Brian Chesky,
Whatsapp Jan Koum, Twitter Jack Patrick Dorsey, Amazon Jeff
Bezos ... did not complete CS in University, or dropped out University's
Computer Science.
But they know Coding by hobby, passion, self-learning or taking
Programming courses to learn software languages like Java, Python, Scripts,
Design Database very important. Only
CEO Jeff Bezos graduated Computer Science in University. However, all of
them had Start-up's Entrepreneur's Mindset & Spirit, hi-tech Passion,
Innovation like I do. They build the best hi-tech software muti-billion
company without Computer Science Degree. We need diverse Professor
with real Experience, Entrepreneurs, Start up mindset.
" -
Few years ago, I was teaching and preparing materials, sitting in
office with full of papers, reading materials, simple test, books.
Now, new generation of Professors involve Start-ups,
Entrepreneurship spirit ->
Which will inspire students to create Start-ups, be Entrepreneurs.
Very important.As we learn story of multi billion
software company, it is is Start-up, Entrepreneur, Ideas, Innovation
important.We need to change
traditional mind set about software, technology.
Study for working but
not for a piece of paper."
NOTE: In College,
it considers Work Experience, teaching students to write Coding,
Programming, Database, Mobile App, Gui Screen Interface, Build
Software, App ... Not focus on Theory of Computer Science. That
why you see a lot students in Computer Science University come to
Colleges to learn Programming, Coding, Database, Mobile App,
Design GUI Screen Interface.., not Theory, or drop out CS
University, because Theory of Computer Science seldom applied in
reality. That happens to CEO of muti-billions software corporations.
In software business, good Coding, Programming, Database + Ideas
+ Innovation + Entrepreneur Mindset, Start-up is most important.
-> CEO Mark Zuckerberg dropped out Computer Science University,
built Facebook, because he liked Social Media Connection and knew
Coding. In early days of Facebook after it started 2 years, with
few software engineers, at that time big multi billions Yahoo wanted
to buy Facebook 1 billion dollar, but rejected by Mark Zuckerberg.
Microsoft invested hundreds of million dollars. They are big, ten of
thousands of programmer employees, but could not build themselves a
Social Media application. While a dropped out student could build. -> CEO Shopify, an Immigrant Canadian Tobias Lütke, his bio,
click here learned
programming at grade 10, 11 high school only, no University, wanted
to sell snowboard like small business, retailers. So he built
Shopify, a Software, App for small business setup Store Front sell
online (like Office Product)
including E-commerce, Cashier Register, Print Receipt.
The main difference between Office and Shopify is that
Office allows business modify its own Software while Shopify is like
a framework, fix, can't chance. For example, Office like Have
Own Home. Can chance what you want. And Shopify like Have Condos in
Apartment, fix, can't chance. Only Shopify can change, add on
features.
Both software share the same application are: Business
can setup Store Front, In Store Order, E-commerce, Cashier Register,
Print Receipt, Pick-up, Delivery...
Shopify now market value 175 Billions dollars, bigger than one of
top 5 bank of Canada, CIBC Bank stock market value = 50 B.He
had no CS Degree. But knows Programming. Oracle Larry Ellison,
Alibaba Jack Mar, Apple Steve Jobs...
A lot stories like Mark Zuckerberg,
Tobias Lütke,
they are good Coding + Innovation + Ideas + Entrepreneurship
Spirit, Start-ups. Story from many Start-ups build muti billions
software corporation without CS degree. There is an increasing of
immigrants -> also increase diverse students 40% - 45%.
However, diverse Professors around 10%,
because not many diverse Professors. Need to attract more diverse
Professors. Here is example of a diverse Professor' s Linked In (not
me, the Author).
Click here.
- Jack Ma is already quitting Alibaba to teach
for a while. Before Alibaba, He was an English Teacher. He
finished Bachelor of Art at Hang Zhou Normal University in 1998. He
applied jobs but was rejected all, even for a restaurant server at
KFC. Then he became English Teacher with salary less than 1$ / hr =
160$ /mo = 1920$ / year in 1998. While in 1998, my salary 50$ / hr
=100,000$ / year. Jack Ma understood that he could not be rich when
working for some one. So he started up a business, Alibaba. Be
Entrepreneur. Now, rich, he went back teaching. - Why does he want
to teach? - For the love of teaching, hobby. Do something you love.
- We tell you Story of Jack Ma, and many Millionaires, Billionaires
hi tech software Entrepreneur, it is Entrepreneur spirit, Ideas,
Innovation helped them to build billion company, and become rich.
-
How BIG is your Dream? How BIG is your Canadian Dream?
Click
here.
(Udate: Jan, 2021)
-
Become A Millionaire. Can you dream BIG?
- Click
here.
(Update: Dec, 2020) -> "Explain why Toronto Home
has paid already salary 150,000$ / year for 20 years" - Says A
Scientist Professor - " It doesn't matter
How Much you Make.
How Much you Have
that counts". For Example, you
made 50,000$ / year. But after spending, minus for Tax + Rent + Food + Car + Insurance, Phone, Living Expensive, Child
Care, Travel, Debt... You Have 6000$ /
year that counts. 6000$/year as example depends on each person
spends. But you have to pay Tax, Rent, Food, Phone....
- Toronto Home
Latest Data in
New Year Jan, 2021 -
Click Here
What Office software
can do but not other software?
1) Office can work on
multi-Devices VS. Other only iPad
2) Cloud Print VS.
Local App Print = Print closed range in store's Pos printer
only. Can't print order online, ecommerce order.
3) Customer self-take
orders when in-store VS. Other software Can't.
4) All-in-one Office,
only one App one software: For both Staff & Customer used
for: Mobile Order, Order in Store,
Order outside Store, Order online, E-commerce, Casher & Print
receipt, Pickup/ Delivery,
Shortest Distance,
Order & Sales ManagementVS. Other software used by almost 95% of
small Businesses, Restaurants just
A big dummy Computer Cash Register
*Stand alone*for Cashier to
Register Orders & Print Receipt. Done.
Staff & Customer Can't Take
Order. Can't Mobile Order. Can't Take order from Mobile. Can't Take
Orders Online. Can't E-commerce. Can't Manage Pickup/ Delivery,
Can't Manage Orders Management. This
tradition Cashier during
COVID-19 is a big failure. One Office App runs on
All 5 x Devices: 1) iPad 2) iPhone
- 3)Tablet - 4) Android Phone like Samsung Galaxy 5) Windows Laptop.
=> While 100
millions Company Vend iPad Pos & 90% iPad Pos on market run on 1) iPad only.
As you see the cost to build 4 x extra App = cost support & maintain 4 x
Apps = 4 x Cost Time & Money.
Do you know
Office Order Management
OOM:
Manage all Orders, pick-up / delivery.
- Which order does not pick-up, not delivery yet, with
a lot of orders hard to keep track. 1-click Map of delivery of that
Order. Track & Measure shortest
Distance Delivery of each Order closest distance in 10,
15, 20 orders on List from WHERE the driver's location.
Save Time & Direction of Delivery.
-> The shortest distance always changed and
updating after each delivery and depend up-to-date
location of driver. Human can't measure. Most Drivers can't find the
shortest distance relying on their experience guessing when on the
road. Very complicated software algorithm.
OOM Calculate:
Total Sales, Detail of Sales, Products, Detail of Order, Date & Time
of Orders... / day / week/ month.
See top button
[Office Slide Show] - OOM can always fix error in
Orders after taken. From OOM
Action =Edit, Print receipt,
Email, OPay = Pay by Pay Pal (one click
Office Pay send Pay Pal to email
this customer)
Contact Office: We deliver Office software thru local Consultant
world wide. They are also professional software
Developers. So that they can help you
Modify, Technical Setup, Training. Contact your local
Consultant. Contact:netthruoffice @ gmail . com ->
Must have Subject :
Investor or Customer. All in-one Office for
COVID-19.
Office helps businesses
affected by COVID-19. Total value = 250,000$
We give away 100 Office software to businesses
that are affected by COVID-19. Total value around 250,000$. A business owner said:
- COVID-19 affects alot on small businesses.
Today, we need to be smarter :
"Smart business, Digital, fast &
efficient, large scale, reach out customers every where online,
in-store, mobile" in order to
survival in new normal COVID-19 Social Distancing. Office helps us
to manage smart business better
online, in store, pick-up/
delivery, In store Order, Online Order, Cashier Register, Order
Management, Mobile Order, E-commerce OrderAll-in-one Office System.
Good bye Cashier Machine only doing Cash
Register.
SUPPORT FOR EARLY-STAGE BUSINESSES " - We've heard from a number of
start-ups and tech firms that are unable to access support programs
because they don't yet have revenue or are in the early stages of
development and are particularly vulnerable to the impacts of
COVID-19. Innovative, early-stage companies that are unable to
access existing COVID-19 business support are now able to apply for
funding under the National Research Council of Canada'sIndustrial
Research Assistance Program. " This message from a MP (Member of
Parliament Canada) we want to share with start-ups, early-stage
companies. - Canada opens to Canadian
Scientists of all kinds of backgrounds, and provides them same
access to equal opportunity, and their contribution to society.
- Office Mobile, Office Mobile Commerce
Take order in store, out store, online & Cloud Print receipt
- Office Take Order use Tablet, iPad.
-> Server need to clean
carefully
tablet's surface, whole Tablet. Clean
every page of Menu, paper, after customer used for next
one. Else not safe for both
staff & customer. A lot Time.
->
Phone better.
- New Reality Pickup & Delivery
- Office Mobile Order = Drive Thru
& Office Order Management
to order & Manage Orders. New
realityCustomers don't want in
store, Social Distancing, which creates
Smart Business ->
All-in-One Office.
A big dummy Computer Cash Register
*Stand alone* -> Can park into a Mobile
Cashier smartphone
-
[Office Slide Show]
-> Big Dumb & Useless NOTE: Need smart Business, smart
employees to adapt in COVID-19 time. Else no profit, no
safety.-> Only the smart
business can survival
------------------------ - All-in-one Office:
Mobile Order, Tablet & Mobile Cashier, E-Commerce, Office Card,
Self-Order, Office Order Management, Cloud Print, Pickup/ Delivery,
Shortest Distance, Multi-Devices ...
Update January, 2021
continue...
Begin New Year 2021.
The City of Toronto is in state of emergency, in
lockdown. We are beginning in 2nd wave of COVID-19, begin of the
dark winter 3 months Jan -> March. Toronto Housing Market for a
whole year 2020 is already has Data.
Home Market in Toronto, and 5
biggest Cities, Montreal, Ottawa, Vancouver already released in
January 2021 The Summary of Average Home Price
for the whole year 2020 in City of Toronto:
1,000,850$
up
117,470$
last
year 2019, summary for whole year =
883,380$.
City of Toronto Home Return On Investment (ROI) more than Ave return
every year 65K -> 75K.
- In GTA Summary whole year :929,699$
up
110,420$
compare to last year 2019,
summary =
819,279$ .
- Home Sales up in record this 2020 year. Up
=
64.5%
compare to last year 2019.
- In Toronto, Detached Home or Single Family Home is most demand
type of home. Both Price and Sales up in record.
- In Vancouver : 1,047,400$
up
5.4%
compare to 2019 - Home Sales up =
53.4%
compare to last year 2019.
NOTE:
This is not every months of 12
month ups/downs Price, not 12 x Price of Year-to-Date price. This is
summary a whole year Price. Home price ups/ downs 12 months, but
only Summary Price is a whole year tells Home Price of a whole year
2020. The final Home Price of year 2020 is
1,000,850 $
finally.
In Jan 2021, Summary Data Ave
Home Sales & Home Price of
Toronto 2020.
Home Average
Summary Ave
Home Price for 2020
Last Month Nov, 2020
Summary Last Year, 2019
Summary compared to
last year
City of Toronto
Average Home Price Toronto
9.6m = City of Toronto
3 m + GTA
(District around Toronto) 6.5 m
- City of Toronto Population 3 m.
Center of Financial Hub, Stock Market TSX, Big Banks, Gov Agencies.
- City of Toronto is Capital of Ontario biggest Province. Its Municipalities: North York,
Etobicoke, Downtown, East York. Toronto is multi-culture more
than 100 nationalities & languages. Next year
2021, 401,000 Immigrants come to Canada, most of them will settle in
Toronto. Hundreds of thousands people look for place to live, which
pushes the Demand for Housing in Toronto. Click
See Map.
$1,000,850$
No need
$883,380
Summary Price
Last year
Profit =
$117,470
------------------------------------------------------
More than average returns 65K -> 75K every year. 65K -> 75K equals
to salary 150,000$ /y returns.
Thus:
1 x Home = 150,000$ / year salary return
2 x Homes = 300,000$ / year salary return
3 x Homes = 450,000$ /year salary
return " For example; You
make 50,000$ / year. But after spending, minus for Tax, Rent,
Car, Insurance, Food, Debt, Restaurant, Travel, Misc Spending,
Phone... you have 6000$/
yearreturn (as example.
maybe more). That counts 6000$ / year not 50,000$.
It doesn't matter How Much you
MAKE.
How Much you HAVE
that counts. Millionaires make big money by brain.
Detached Home A Home stand alone on street. Size,
area same as Semi Detached. Not bigger. In
Canada, people like privacy, stand alone. That's why
expensive.
Detached:
Click here
$1,478,620
Price up
12.1% Home Sales
Up:
4.1% Summary Compared to last year
2019
No need
Summary Price last year
2019
$ 1,318,953
Profit =
$151,904
Before COVID-19, In Feb, 2020 Detached Home =
1.48 millions.
Post Lock Down COVID-19, In
June, 2020, Detached = 1.52 million dollars.
At peak, Detached Home in Toronto =
1.56 millions dollars
Semi-Detached Home
2 Home attached, not separated on street. Size, area same Detached
home.
$1,165,798
Price
up
11.6%
Home Sales Up:
11.7% Summary Compared to last year
2019
No need
Summary Price last year
$1,004,675
Profit =
$161,123
(most profit in 2020) Pre COVID-19, In Feb, 2020 Semi-Detached Home =
1.20 millions.
Post Lock Down COVID-19, In
June, 2020, Semi = 1.29 million dollars.
At peak, Semi Detached Home =
1.33 millions dollars
Town Home Home is not on the
street like Detached, Semi Detached.
A Community, Village of Home, a lot of them, hundreds, thousand
built close together. Some Community Home including sharing swimming
poor, school, gym ..like a Village.
$836,017
Price Up 8.7%
Home Sales Up:
5%
No need
Summary Price last year
$768,813
Profit =
$67,204 Pre COVID-19, In Feb, 2020 Condos =
846,465$ Post Lock Down COVID-19, In
June, 2020, Town home = 853,339$.
Condos Apartment, including sharing swimming
pool, gym ...
$673,869
Price Up
6.3%
Home Sales:
-6.7%
No need
Summary Price last year
$633,948
Profit =
$39,921 Pre COVID-19, In Feb, 2020 Condos =
722,675$ Post COVID-19, In
June, 2020, Condos = 672,465$.
GTA
Average Home Price GTA = Greater
Toronto Area. Suburban Districts
outside of City of Toronto. Population 6.5m.
Districts:
Mississauga, Vaughn, Markham, Brampton
... Click
See Map.
$929,699
Home Price up:
13.5%
Home Sales up:
8.5%
No need
Summary Price last year
$819,279
Profit =
$110,420
Compare to last year
----------------- Old Data -----
GTA Region's Ave Home Price
Current its Ave Price =
929,433$
GTA is big, 6.5m population. It divided few regions:
Durham Region:754,893$
York Region:1,001,800$
Halton Region:929,000$
Peel Region:894,188$ 1) In time of COVD-19, City in lock
down, empty street, people work from home. People move out of Condos
Downtown to Suburban outside City. They look for big space Home,
backyards, thus push Demand for Home, and Price high.
2) They look for Home big space. But Semi, Detached Home in City of
Toronto so expensive. Thus they move out the City to Suburban.
GTA
Detached Home
$1,063,456
Price Up
14.9%
Home Sales Up:
18.3%
No need
Summary Price last year
$925,830
Profit =
$137,653
Compare to last year
----------
Less than Summary Semi Detached Home City Toronto
$102,522
Less than Summary Detached Home City Toronto
$415,164
Important News in 2020
1) Interest Rate record low
0.25% thus Mortgage Rate very low in record is
the main reason
for the Home Price & Home Sales in record. Then Gov's COVID-19
Benefits package helps people and businesses thru COVID-19. Then low
Supply Home. Then pent up Demand of March, April, May in first
lockdown.
2) Semi Detached is the most profit in 2020.
Home Sales also up. See Data -> Look at the last Profit column
3) GTA Detached Home
both Home Price and Home Sales
the most Demand in 2020. Because people move out the City of Toronto
to suburban GTA out side the City of Toronto that becomes ghost
town. Restaurant, Theatre, Head Offices, Banks, Gov Agencies closed.
Condos in the City also less Demand. Because people also move to
GTA. GTA Homes cheaper than City of Toronto.
4) COVID-19, City of Toronto ghost town, people need home because
they Stay-Home, Work-from-Home, is the main reason Condos in the
City and Home in GTA on Demand, Home Sales & Home Price up the most.
5) Ontario, Toronto is currently in State of Emergency,
"Stay-Home" Order
because of COVID-19 in 2nd wave. Could be untill Feb, 2021.
(Jan 15,2001)
We continue posting more Data soon.
Update December, 2020
A middle class Toronto said:" Using Data and your
backgrounds as Scientist, you make sense Toronto
Home good. I can see Home value. You make me want to buy more Homes
in Toronto. Thank You for advice. Answer::
" It is not How Much you MAKE. But How Much you HAVE
that counts". For example, you MAKE 50,000$ / year. But after
pay for Tax, Rent, Phone, Restaurant, Drink, Living Expensive,
Travel...you HAVE 6000$ (more or less as an example)
RETURN that counts. You
HAVE 6000$ NOT 50,000$. Invest in Toronto Home Market returns on investment (ROI)
that I have
proved every year 65K -> 75K, equal to ROI of salary
150,000$ /
year.
This year 2020 returns ROI 116,000$.
Only 10% of people in the world have salary 80K.
A Home in the City of Toronto ROI (Return On Investment)
equal to 150,000$ double salary of 80,000$.
Lucky you live in the City of Toronto. However, you need at least 200,000$ for Deposit, and good job
salary 100,000$ / year, a salary of Professor. Choose LOCATION is
#1. In Canada best LOCATION is: 1) Toronto 2) Vancouver. Next year
2021, and may years to come, 401,000 Immigrants come to Canada, most
of them settle in Toronto. Rich Immigrants Buy home. Poor Immigrants
Rent home. Both Buy or Rent
is pushing Demand for Housing.That is special characteristic of Toronto that other Cities don't
have. As Scientist we see thing that common people don't see or
don't understand, because they don't know how to research Data,
collect Data, don't care, don't use the DATA or NUMBER."
- It is not BIG home, SMALL home,
TYPE of home, it is LOCATION, WHERE you live. A Semi-Detached
Home in City of Toronto is 110,000$ more expensive than Detached
Home in suburban GTA (Data).
- Home Ownership:
very important. Usually people Buy Home low Deposit
less than 30% on mortgage
at least 30 years, some people 35y, 40y... You bought home 15 y ago
or since 2006, you only 1/2 road. If your mortgage 4000$ / month ->
You in mortgage debt 4000$ x 12 m x 15 y =
720,000$
in Mortgage Debt. Buy Home, need Deposit at least 20% to SAVE
hundreds of thousands dollars of Interest Payment, shorten a lot
years of Mortgage.
- This 'older millennial' around 40s has Salary of
Professor 105,000$. Can't Buy
Home in Toronto. WHY?
- Buy Home in Toronto, need salary 130,000$
for monthly mortgage + 20% deposit
250,000$ -> YOU RENT - Even if you have money for Deposit 250,000$. But do you have
the salary 130,000$? -> YOU RENT - 20 year ago Ave price 217,000$
small mortgage, small salary. Now A
Million Dollar, big mortgage, big
salary -> YOU RENT. To Buy Home, need Salary + Deposit.
Income or Salary proves to afford monthly payment. - A couple middle income like both Engineer, or Teacher salary
60,000$ each. OK. But do they have Deposit? - Borrow relatives or
parent millionaire for investment. OK. -> A lot in Toronto.
- Today, Have 250,000$,
need Salary of Professor 50$/ hr = 100,000$ / year, work hard for 12
years. All about Data. See Become A
Millionaire
- Click
here.
We Scientists TALK DATA.
Salary needed to Buy Home
from CNBC:
https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html
-
See Salary of Professor 20y ago
50$ / hr, 100,000$ / y.
See his
[
Cheque ] - In US, can Buy Home with 5%. A big Debt.
A Home 400,000$, Deposit 5%= 20,000$. Carry A Big Debt 35 y.
Home Market in Toronto, and 5
biggest Cities, Montreal, Ottawa, Vancouver already released in
December 2020 Average Home Price in
City of Toronto for Nov, 2020, year-to-date:1,000,125$
up
116,853$ last year
883,272$.
- In GTA year-to-date :929,433$
up
111,159$
compare to last year Nov 2019.
- Home Sales up in record 4 months in a row, this Nov month
=
24.3%
compare to last year Nov 2019.
- In Vancouver is:
1,044,000$
up
5.8%
- Home Sales up =
22.7%
compare to last year Nov 2019. NOTE: Toronto
Home Price changed every month.
Every month, there are 2 prices: 1) Monthly Price compare to
last year. Take a year to see difference Price, not like stock Price
changed in second. 2) Year-to-Date Price, average of months.
But year-to-date is the up-to-date, latest Price of Toronto Home at
that time. For example, in Jan -> August, Price changed every month.
In August there are was 2 prices: 1) Monthly 1,030,506$, and
2) Year-To-Date 1,020,506$ = Average of Jan + Feb + March +
... Aug month. So year-to-date Price more accuracy, reflects latest
Ave Home Price at the time month August. The difference between
"monthly Price" and "year-to-date Price" is not much difference
giving A Million Dollar
Price. Year-to-Date End of
this year 2020 returns 116,853$ -> This year 2020, it returns
116,853$
big money, higher compare to last year Ave Home Price year-to-date =
883,272$,
more than 50,000$ the average return = 65K -> 75 K every year. The
difference Price between Vancouver and Toronto is very small,
insignificant giving it is a million dollars.
Toronto, GTA, Vancouver are biggest Home Market, most highest Price
in Canada. NOTE: Salary 50,000$ / year = 2 x Income of
minimum wage 14$/hr, you need to work hard 15 years to have
100,000$. In Toronto, there
are people work 10 years still in debt, after Tax, Living Expensive,
nothing left, harder to make end meets, just like any city in the
world, specially in time of COVID-19.
It is not BIG home or SMALL home, or TYPE of home, it is LOCATION,
WHERE you live. Even Semi-Detached Home in City of Toronto is
110,000$ more expensive than Detached Home in suburban GTA
(Data). A person just bought a Semi Detached Home in City of
Toronto last year, he just sold his house in 1 week, made
120,000$ in one year, same as the increase of Toronto Home Price. ->
Says, a person who lives in Toronto for 30 years.
In the world, millionaires population
are created by Home, 90% their asset in Home.
Top 10 Ave Home Price in the world
In the time of COVID-19:
1) Canada has 2 Cities
Vancouver #4, Toronto rank #4.
Toronto Big City of Canada, 10x bigger than Vancouver, Center of
Financial Hub, Manufacture Hub, Big Banks, Stock Market, Gov
Agencies, Head Office of big corporations. Then 2) China's
Shanghais #3, Beijing #9.
3) Then US's
Los Angeles #6, New York #7
Important News in December, 2020:
In General: The usual reasons for Toronto Home
Market and Canada Home Market is very hot
in Home Sales and Home Price:
1) Record Low Interest Rate. Thus Low Mortgage Rate. Bank of
Canada keeps Interest record low 0.25% until 2023.
2) Low Supply. Low Inventory.
3) Pent up Demand from the 1st Wave
Lock Down in March, April, May.
4) Canada Gov's COVID-19 Benefit 346 Billions dollars help
37.8 million population of Canadian Family and Businesses get thru
the pandemics. Thus boosting Consumer Spending
to highest level.
5) Job Market in the Time of COVID-19,
is very good for people medium and high income. These people see no
effect by COVID-19.
While People low income, low wage lost the most jobs.
6) Canada anticipates receiving 401,000 new Immigrants next year
2022. This boosts the
Demand for Housing
Market when hundred of thousand new comers come to Toronto looking
for shelter.
7) Pockets of listings have also cropped up from sellers facing down
lingering unemployment from the COVID-19 pandemic, as the period for
deferring mortgages draws to a close. More people are Listing
to sell their Home because of financial, unemployment, in COVID-19
time, carry big mortgage, as the period for deferring mortgages near
close.
Semi Detached in City of
Toronto Home Sales ups compare to last yearby percent %.
But Detached Home by number is still most demand.
- We have seen people bought semi detached
Home in City of Toronto last year, just sold semi detached home in
few days, 1 week, profit = 120,000$ in 1 year. So fast. The
same semi detached home, last year took the previous home owner to
sell their home in 2 months. But Detached Home is still most demand,
out number selling than Semi.
People are looking for Home:
1) A Million Dollars Home.
Like driving
250,000$
Mercedes car. For example, Detached Homein Vancouver,
and Detached & Semi Detached Home in the City of Toronto is
A Million Dollars
Home. A Detached Home in GTA
always less than a Semi Detached Home in City of Toronto at
least 100,000$.
Even this month GTA Detached Home up
170,000$,
the most jump so far this year. But still less than Semi-Detached in
City of Toronto =
110,000$.
Follow Data.
2) Affordable less expensive than Detached Home, cheaper Detached
Home's Property Tax double,
good for
Rental, Property Investment.
3) Not crowded space sharing like Town Homes including 20, 30 homes
attached in row, in a Community of many rows of hundreds of Homes,
or Condos.
4)
You can always upgrade
from Semi to Detached any time, very easy. Because you already have
Home with capital. We have seen people upgrade from 1 x Detached
Home1.5 million
to 2 x Semi
Detached Home =2.6 million
(1.3m x 2)
pay same
Property Tax
for 2 x Semi = 1 x Detached Home. Save a lot of money + increase
asset of Home from 1.56m to 2.6 million. 1 x Semi Home to live and 1
x Semi Home to Rent. 20y ago when Home so
cheap,
people with high income choose to have 1 x Detached Home and 1 x
Semi Detached Home. We tell you a Story of a couple working in
factory, 5.5$ / hr each, both = 11$ / hr, took them 15 years to save
25,000$ to buy a semi detached home in 1998. While a Professor, 50$
/hr, 100,000$ / year worked 3 months have 25,000$. So easy 20y ago
when Ave Home so cheap =
217,000$ not
A Million Dollar Home
that you could Buy A Home with
25,000$.
No Stress Test salary like today, because small loan
mortgage. Today needs 250,000$
for 20% Deposit + Salary
120,000$. Stress Test
from Bank required to make sure you have money to pay mortgage
monthly. It does not discriminate low income. But it makes sure you
have money, good salary to pay for high mortgage monthly.That's why 105,000$ is
Salary of Professor still not enough.
In December 2020, Ave Home Price of
Toronto for month
November 2020.
Home Average
November, 2020
Last Month Oct, 2020
Last Year Nov, 2019
Compared to
last year Nov, 2019
City of Toronto
Average Home Price Toronto
9.6m = City of Toronto
3 m + GTA
(District around Toronto) 6.5 m
- City of Toronto Population 3 m.
Center of Financial Hub, Stock Market TSX, Big Banks, Gov Agencies.
- City of Toronto is Capital of Ontario biggest Province. Its Municipalities: North York,
Etobicoke, Downtown, East York. Toronto is multi-culture more
than 100 nationalities & languages. Next year
2021, 401,000 Immigrants come to Canada, most of them will settle in
Toronto. Hundreds of thousands people look for place to live, which
pushes the Demand for Housing in Toronto. Click
See Map.
Compare to Nov, last year
More than average returns 65K -> 75K every year. 65K -> 75K equals
to salary 150,000$ /y returns.
Thus:
1 x Home = 150,000$ / year salary return
2 x Homes = 300,000$ / year salary return
3 x Homes = 450,000$ /year salary
return " For example; You
make 50,000$ / year. But after spending, minus for Tax, Rent,
Car, Insurance, Food, Debt, Restaurant, Travel, Misc Spending,
Phone... you have 6000$/
yearreturn (as example.
maybe more). That counts 6000$ / year not 50,000$.
It doesn't matter How Much you
MAKE.
How Much you HAVE
that counts. Millionaires make big money by brain.
Detached Home
$1,477,226
Price up 8.7% Home Sales Up:
19.3%
Compared to last year Nov,
2019
-------------------
Year-to-Date Nov,2020
$1,478,546
- Latest Price.
Accuracy than each month Price ups/ downs
Last month Oct, 2020
$1,470,857
Compare to Nov, last year
$1,360,246
Profit =
$116,980
This month big winner Home Price Before COVID-19, In Feb, 2020 Detached Home =
1.48 millions.
Post Lock Down COVID-19, In
June, 2020, Detached = 1.52 million dollars.
At peak, Detached Home in Toronto =
1.56 millions dollars
Semi-Detached Home
$1,160,911
Price
up 8.8%
Home Sales Up:
36.0%
------------------------------
Year-to-Date Nov,2020
$1,166,061
$1,145,559
Compare to Nov, last year
$1,067,027
Profit =
$93,884
Pre COVID-19, In Feb, 2020 Semi-Detached Home =
1.20 millions.
Post Lock Down COVID-19, In
June, 2020, Semi = 1.29 million dollars.
At peak, Semi Detached Home =
1.33 millions dollars
Town Home
$819,752
Up
7.3% Home Sales Up:
24.0%
$828,090
Compare to Nov, last year
$763,298
Profit = $56,454 Pre COVID-19, In Feb, 2020 Condos =
846,465$ Post Lock Down COVID-19, In
June, 2020, Town home = 853,339$.
Condos
$640,208
Price Down -3.0%
------------------------------
Year-to-Date Nov,2020
$679,291
Home Sales:
0.8%
$668,161 Year-to-Date
= Ave Price / y = Ave Price of many months.
Accuracy than Ave Price / m ups/ downs Compare-to-Last Year = Take a
year see real change of Home Price. Not month by month.
Compare to Nov, last year
$659,855
Profit =
-$19,667 Pre COVID-19, In Feb, 2020 Condos =
722,675$ Post COVID-19, In
June, 2020, Condos = 672,465$.
GTA
Average Home Price GTA = Greater
Toronto Area. Suburban Districts
outside of City of Toronto. Population 6.5m.
Districts:
Mississauga, Vaughn, Markham, Brampton
... Click
See Map.
$929,433
$968,318
Last Month
$818,274
Nov 2019 last year
Profit =
$111,159
Compare to Nov 2019, last year
-----------------
GTA Region's Ave Home Price
Current its Ave Price =
929,433$
GTA is big, 6.5m population. It divided few regions:
Durham Region:754,893$
York Region:1,001,800$
Halton Region:929,000$
Peel Region:894,188$ 1) In time of COVD-19, City in lock
down, empty street, people work from home. People move out of Condos
Downtown to Suburban outside City. They look for big space Home,
backyards, thus push Demand for Home, and Price high.
2) They look for Home big space. But Semi, Detached Home in City of
Toronto so expensive. Thus they move out the City to Suburban.
GTA Detached Home
$1,124,286
Price Up 19.2%
Home Sales Up:
33.6%
------------------------------
Year-to-Date Nov, 2020
$1,055,586
$1,123,886
Compare to Nov, last year
$943,494
Profit =
$180,792
Compare to Nov 2019, last year
----------
Less than Semi Detached Home Toronto year-to-date =
111,000$
Less than Detached Home Toronto year-to-date:
432,000$
5 biggest Canadian
City's
Data released in December, 2020 for Home Data
November,
2020.
Home Sales up on record on November month
across Canada, not just Toronto, GTA, Vancouver.
In the world, millionaires population
are created by Home, 90% their asset in Home.
Top 10 Ave Home Price in the world
In the time of COVID-19:
1) Canada has 2 Cities
Vancouver #4, Toronto rank #4.
Then 2) China's
Shanghais #3, Beijing #9.
3) Then US's
Los Angeles #6 New York #7
5 biggest Canadian
City
Data for November, 2020
Average
Last month Oct, 2020
Last Year, Nov 2019
Vancouver.
800,000 population, Tourism, Film Industry. Province BC.
-> Rank #4 Ave Home Price
in the world
1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto
5) Shenzhen 6) Los Angeles 7) New York 8) London 9) Beijing
10) Paris
-> by CNBC
-These
Cities' Price down in COVID-19. But not Toronto up
significantly.
- Ave Home
$1,044,000
- Price Up:
44,000$
-
Home Sales up:
22.7%. Comp Last year
Nov, 2019.
Ave Home Price Vancouver Not change, compared Sept,
2019. While Toronto Up 20% = $196,000 in Aug,
2020
-
Ave Detached Home =
$$1,538,900
Price
up
9.5%,
Home Sales up:27.8% Comp
Last year Nov, 2019
- Townhouse
$814,800
Price
+5.6%-
Sales:+40.1%
- Condo
$676,500
Price +3.4%
Sales:+12.2%
Ottawa
1,000,000 population
or 1m, Capital
Canada.
- Ottawa Capital is civilized, quiet, good place to live, less
crowded, less all kinds of people like Toronto, mostly white color
Employees working for Government Offices.
- Affordable Home and Rental. A Semi
Detached Home in Toronto can buy 2 x Detached Ottawa
-
Ave Home Price =
$542,721
Price up
20%
- Home Sales
up 25%
Comp Last year Nov, 2019
-
Ave
Detached Home =$602,892
Price up
20%
Sales up: 26%
-
Ave
Condo$361,758
Price up
15%,
Sales up: 22%
Last month Oct, 2020
Ave Home =
$550,734
Detached =$603,253
Ave
Condo =
$368,936
This Detached Home in Ottawa 4 bed-rooms 529,500$
->
Click see bigger photo
City Calgary.
Province Alberta
1.26 millions population, Canada Center Oil Producers.
Compared to last year
Nov, 2019.
Ave Home =
$423,600
Price up
1.6% - Home Sales up
24.5%
Detached =
$492,800
up
2.9% Y/Y
Semi =
$395,100
down 1.3% Y/Y
Town Home =
$282,200
down 0.5%
Condos (Apt) =
$245,400
down 1.1%
Last Oct 2020, Ave Home =
$422,600
Detach =
$489,800
Semi =
$394,700
Town
=$274,400 Condos
=
$248,600
Kitchener- Waterloo
234,000
population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black
Berry, Nortel, Head Office of Google Canada ...
Compared to
last year Nov, 2019.
- Ave Home
$637,366
Price up 13% - Sales up: 28%.
Detached =
$753,641
Price up
14.4% Sales +28.6% Semi =
$562,9898 Price up
30.4% Sales +5.2%
Town Home =
$482,901
Price +8.6% Sales +53.4%
Condo =
$400,822 Price up
12% Sales +60.7%
Last month Oct 2020,
Ave =
$635,301
- Detached =
$742,596
- Semi =
$539,434
-
Town =
$499,641 - Condo =
$395,627
A Scientist says (Update Nov 11,
2020) " - Back to in the early days of
COVID-19 pandemic in March, April,
I said COVID-19 is Air
transmission, airborne, can spread thru air, linger in the air. Thus
talking loudly, singing, laughing, coughing could spread the
virus COVID-19.
Need good ventilation room.
At that time, people, doctors did not believe COVID-19 air borne,
air transmission.
Even WHO's Doctor just accepted this theory in
July 10, 2020. See I update the Date in my Blog about COVID-19.
In early days, people believed that COVID-19 only spreading thru
big droplets, not thru micro droplets, tiny particles, not thru air.
Thus Social Distancing good
enough. No need Mask, not effective, counter productive, even caused
dangerous, because misused of mask, from top Doctors.
Minister of Health in Quebec was joking mask, mockery wearing mask.
-> See my post on COVD-19.
People in Canada and in US did not take Mask seriously. People
including Doctor said that Mask protect others only. But I said
Mask protect both you andothers.
I may be the first one early days of pandemic,
wrote in Blog March & April 2020 during 1srt wave, said that:
" The reason American got infected COVID-19, wide spread infection,
because of Behaviour, not wearing Mask, not taking mask seriously,
in a fight against COVID-19 between Life and Death " -Now looking back, it is
true.
Mask is the most important
defence against COVID-19. => Now I recall memory
about Mask, because the 2nd Wave of COVID-19 is coming in the dark
winter just beginning.
In the History of Pandemics, the 2nd Wave is
the worst, much worst more than 1st Wave,
before Pandemics gone. Be careful this darkest Winter coming.
We already see in Canada, US, and Europe, COVID-19 cases spike
double compared to 1st wave. The winter still doesn't come yet.
=> The Prime Minister of Canada is just calling urgently
all Provinces, Cities must do what ever it
takes, with total support from Federal, to stop the spread COVID-19
currently spike on
record double.
=>
All is about save life.
Read my Blog about COVID-19 in April, May.
Click here.
Including my update the important Date that Mask became important,
recognized."
Home Market in Toronto, and 5
biggest Cities, Montreal, Ottawa, Vancouver already released in November 2020 Average Home Price in
City of Toronto for October, 2020 is:
1,025,925$
- In GTA is:
968,318$
- Home Sales up in record 4 months in a row, this Oct month also in
record in all Oct months =
25.1%
- In Vancouver is:
1,045,100$
- Home Sales up in record
second-best in all Oct months =
29%
NOTE: In 2019, Vancouver
rank #4 Average Home Price in the
World. In 2020, in the time of COVID-19, most top 10 big City's Home
Price dropped property price significantly.
Vancouver doesn't drop price, but its property
price stands still. Currently Vancouver's Home
Price rank #3 in the World. Only
Toronto Home Price increased significantly.
Now price
same as Vancouver.
In the world, millionaires population
are created by Home, 90% their asset in Home.
Top 10 Ave Home Price in the world
In the time of COVID-19:
1) Canada has 2 Cities
Vancouver #4, Toronto rank #4.
Then 2) China's
Shanghais #3, Beijing #9.
3) Then US's
Los Angeles #6, New York #7
A Scientist Professor, who teaches Data & Computer
Science says: " Data & Computer
Scientist Scientists collect Data, Analyze Data, we don't use "mouth
Data" straight from mouth, such as, he said, she said, they said.
A person He said:
'my Home, my area, my neighbours on
my street is 2 millions dollars. Why you used only Ave 1.5
millions?' . As Data & Computer
Scientist, we don't pick up some streets, some neighbour's , some
expensive areas like Downtown of City, where Home Price of Property
very high. We don't use data of my home, my neighbour's home, my
street home price. The only Ave Home Price that is
used to measure correctly,
scientifically, honesty, in fairness for all Cities,
all Properties in a City is Average Home Price.
For example, when measure Home Price in Hong Kong and Toronto,
or, in Toronto with Vancouver or with GTA, we don't pick-up multi
million dollars Home in Downtown, in some expensive areas, but we
use Average Home Price spreading a whole City, in fairness.Now we can measure in fairness
scientifically Home Price of Toronto compared with Vancouver, with
New York, with Hong Kong ...
For example, we can say a
City is Rich by a looking at a whole
City's population is rich, and their 90% asset
is Home.
Not in some rich areas, not population of
millionaires, billionaires in that City.
For example, Compare 100
properties in many areas, we take
the Average of 100 properties. While you choose to take the Average
of the top 10 expensive properties in an expensive area of your 100
properties. Not play fair.Between
Vancouver and Toronto, Ave Home Price not much difference.
But Toronto
9.6m population, its City of Toronto where is Center of Financial
Hub, Financial Institutions, Stock Market TSX, Manufacture Hub, Big
Head Offices of Banks, Gov Agencies." A lot of people say: "
You use Official Data, Data from big
corporation, trusted resources, not mouth Data, he said, she said.
No Biases, Fairness, Honesty is #1."
In November 2020, Ave Home Price of
Toronto
for month October 2020. See above.
5 biggest Canadian
City's
Data released in November, 2020 for Home Data October,
2020.
Home Sales up on record October month
across Canada, not just Toronto, GTA, Vancouver.
In the world, millionaires population
are created by Home, 90% their asset in Home.
Top 10 Ave Home Price in the world
In the time of COVID-19:
1) Canada has 2 Cities
Vancouver #4, Toronto rank #4.
Then 2) China's
Shanghais #3, Beijing #9.
3) Then US's
Los Angeles #6 New York #7
Important News in November, 2020:
In General: The usual reasons for Toronto Home
Market and Canada Home Market is very hot
in Home Sales and Home Price:
1) Record Low Interest Rate. Thus Low Mortgage Rate
2) Low Supply. Low Inventory.
3) Pent up Demand from the 1st Wave
Lock Down in March, April, May.
4) Canada Gov's COVID-19 Benefit 346 Billions dollars help
37.8 million population of Canadian Family and Businesses get thru
the pandemics. Thus boosting Consumer Spending
to highest level.
5) Job Market in the Time of COVID-19,
is very good for people medium and high income. These people see no
effect by COVID-19.
While People low income, low wage lost the most jobs.
1) Condos sales in City of
Toronto dropped to Sales = - 8.5%. People move out of Condos in the
City of Toronto. Why?
- People are selling their Condos mainly in
Downtown Toronto in favour to buy Detached, Semi Home in suburban
outside the City of Toronto. The main reason is that:
1) COVID-19 still active, spike COVID-19 cases, causes Downtown
Toronto mini shutdown restaurants, theatres, empty streets.
2) They work from Home in suburban outside City of Toronto. Tens of
thousands of people work in Downtown for big Banks, big Gov
Agencies, big corporation now work from home.
3) They like Home more spaces. Home in suburban, Detached, Semi
detached still much cheaper than Detached, Semi Detached in
the City of Toronto.
Which is pushing high demand for Detached, Semi Home in suburban
outside Toronto. For example, Home in GTA much
cheaper than Home in City of Toronto.
In the time of COVID-19, People leave, sell
their Condos in City of Toronto to Buy Home more space and
cheaper in GTA.
1)
A difference Year-to-Date,
between 1) Detached Home
in GTA and Semi Detached Home in City
of Toronto =
119,000$
2)Between Detached
Home GTA and Detached Home
City of Toronto =
430,000$
4) In the time of COVID-19,
COVID-19 Benefits 2000$ / mo transition from CERB to new new EI
benefit in Oct 3, 2020. People qualify for 2000$ / mo, for 45 weeks
of benefit,who are:
full-time Employees, qualify for EI, who already working at least 8
months of their full time, but lost Job by lay off,
not by volunteer, not by their fault, nor quit job, now
could get near 1 years 48 weeks of Benefit = 2000$ / month.
Can't ask your Company for lay off.While Gov encourages Company & Business hiring more
people. For example, people work in Factory, Restaurant,
low wage, salary from 14 $ / hr -> 20 $ /hr ...
Salary 20$ / hr
= 3200 $ / month. After Income Tax =
2557$ / m. Salary 20$ / hour
is different with 2000$ / mo EI benefit = 557$ / mo.
But salary 20$ / hr must: 1) Work full-time 160 hr/ week + Stress.
2) Work Related Expensive = Car Drive to work Gas + Car
Maintenance = 250 $ / mo + Car Insurance = 199 $ / mo + Work related
expense like Eat out, Relax, Cloths, Coffee Truck ... 15$ / day =
400$ / mo.
Thus Total Work Related Spending (WRS)
= 250 + 199 + 400 = 850 $ / mo.
=> Thus Salary 20$ / hr make less than 2000$ / mo COVID-19
Benefit = 300$ / mo
+ Work 160 hr / mo + Not safety with COVID-19.
3) Avoid COVID-19. Stay at Home. Less
Contact people -> But this is good for COVID-19 prevention, stop
spreading.
So people just leave their job in the City of
Toronto "crowded space" Condos, and settle "more space"
Buy Home cheaper in GTA suburban outside the City of Toronto
for a year of safety,
avoid COVID-19 as well. Currently, Data suggests that a
2nd Wave COVID-19 coming, spike
COVID-19 cases on
record, more than double
1st wave COVID-19, not just Canada, US but in Europe as well,
in this winter called as
the darkest winter.
In the History of Pandemics, the 2nd
Wave is the worst, much worst than 1st Wave, before Pandemics gone.
Be careful this darkest Winter coming.
=> This only happens to people who leave
Condos in downtown Toronto, now move to GTA and suburban outside the
City of Toronto. While Detached and Semi Home in City of Toronto are
still high demand. All is about COVID-19. But only temporary.
COVID-19 ends soon. COVID-19 is the
main reason why people buy Home, settle in GTA, suburban. We see
such an increase Demand for Home in the month of Oct, 2020.
People move out from Condos of City of Toronto into GTA, Suburban
outside City of Toronto the month of Oct.
=> A lot of people came from GTA, suburban working in Downtown
Toronto, leave jobs, lost jobs because of COVID-19. So they come
back their home town. A person lives in Condos in Downtown Toronto said : "
- I just lost my job working Downtown City of Toronto because of
COVID-19. So I leave my Condos in Downtown Toronto, back to my home
town in suburban to buy home and settle. "
3) Canada just announced
400,000 Immigrants each year more than average 350,000 / year, will
come to Canada. This will push big Demand for Home and for Rent.
4) Canada spent 346 billions
this year 2020 on small population 37.6 millions, and next year 2021
at least 300 billions
to continue supporting and helping Canadian families and businesses.
This helps Economy recovery, and big Demand Housing, as seen Home
Price & Home Sales up across country.
- A Canadian family with 2 children, rich,
poor, lost income, lost job during COVID-19 will receive: 2 x 2000$
+ 850$ x 2 (Child Benefit) = 5700 $ / month
for a year since the beginning of pandemic in March, 2020.
Just announced recently.Canada will bring 401,000 /
year Immigrants in 2021, and next many years,
increase from Ave 300,000 / year.
Top 5 Canada needs more
Immigrants because: "
Immigrant is the key to Canada's recovery, attract talents, and long
term prosperity "
->
Canadian Government. 1) Increase population.
Very small population 37.8 million, thus
401,000 / year in10 years = 42 millions
population
still small population,
compared to rich industrialized countries.
Canada high receives
Immigrants / year based on population.
But still small population compared to G7 like
France = 67 m, UK = 66.6m, Japan
= 127 m, German = 84m, US = 331 m.
=> In Toronto, Canadian non white has
52%
of Toronto & GTA population from
Official Statistic in 2017.
Some Districts in Toronto & GTA has
more than 60% of non white.
2) Increase Products &
Services, Consumer Spending 65% of GDP,
thus increase Economy, GDP. Canadian
aging population needs more Immigrants
to produce more Products & Services and boost Consumer Spending.
3) Attract talents. Create
more businesses.
Immigrants brings skills, and finance
contribution to Canada.
Then Immigrants Buy Home, rent Home help boost more Demand of Housing Market
in Canada. According to
Immigrant Minister 1 in 3
businesses created by Immigrants. 4) Cost less to have immigrant than to
raise a child until 18 years old become productive. 5) Competition, Innovation,
Diverse of Ideas.
Canada opens and welcomes
immigrants over the world to contribute, to have Canadian dream.
Immigrants, Canadian also send money to help their relatives back
their home land.
For example,
A Story:
A Philippino woman in Toronto, she works minimum wage
14$/ hr = 2240$ /mo (while in
Philippine 1.3$ / hr) in Hotel, sent money to help her family
in Philippine got thru COVID-19. During COVID-19, in Canada, she
lost job. She got 2000$/moth COVID-19 benefit for a year.
More than minimum wage, because no tax. If she
has 3 children, she gets extra Child Benefits =
850$ x 3 = 2550$ /month. This Child
Benefits for child until 17 year old. This benefit is not
COVID-19 benefit. Canadian Child Benefit has before COVID-19 for
Canadian family rich or poor. US no Child Benefit. Much better than
relief benefit COVID-19 in US for a check 600$
or 2000$, just one time, but very difficult to pass.
While just Canadian Child
Benefit gives to Canadian family for a child until 17 year old more
than US's 600$ cheque just one time.
Because US population 331 m
vs. Canada population 37.6 m.
The Top 5 reasons Immigrants
like Canada: Summary life in Canada in few words 1) Rank in Top 5
most Happiness country in the
world, while US, Japan ranks in 20s. Canada is
2nd largest country in the world after Russia. But small
population now 37.8 m.
2) Canada is a
country for immigrants. Canada is
very open policy to immigrants, the most diverse country by
population in the world. Canadian came from different walks of life,
diverse background. For example; Canada
doesn't care about your different View of Politics, different
backgrounds.If
you have
Talent, Skill, Money,
good Citizen,
you are welcome to Canada. It needs you.
- Unlike Japan is Homogeneous Society,
99% are same Japanese. Canada, specially Toronto, is
Diverse Society. In Toronto, GTA,
people come from different backgrounds, different countries. There
are more than 100 different coulture to live in Toronto, GTA.
Toronto is the first multi culture in the World.
3) Free Health Care,
free Hospital, free Doctor to every one
gets same treatment, true health is #1,
regardless Rich, Poor. Only few countries free
Health Care, no need, no pay for Health Insurance, not free
in US, Japan, South Korea, not free in most Europe countries,
UK, German, France, Italy.
People when good health don't think
about when got sick. Not see far, not appreciate Free Heath
Care until they get sick, their relatives, their children get sick.
That's why Canada rank top 5 country of
Happiness to live.
=> According to an International Travel & Health
Insurance Agency:
- Health Care in
Canada very expensive.
A non-resident visitor expect to pay up to $5,000 / day in a Canada Hospital
for non Canadian double that for the
intensive care unit, surgery. In Canada
Hospital is 10x more expensive than 5* Hotel.
But
for a Canadian cost = 0$. For
example, see Doctor, in Hospital, MRI, X-Ray ... Everything cost =
0.0$. Every one, job or no
job, rich, poor, poor senior, homeless,
gets same treatment regardless rich, poor. No 2 -Tier Health
Care for rich and poor. True health is #1. People when good health
don't think about when got sick. Not see far, not appreciate
Free Heath Care until they get sick, their relatives, their children
get sick. In other
countries, including US, a lot of people got sick means become
poor, cost a lot of money. Rather die because can't afford
Hospital.
4) Free Education
from Grade 1 -> Finish High School Grade 12. While almost Asian
countries must pay tuition fee.
5) Canada Child
Benefits
+ Tax Break for having
small children helps a lot Canadian Families, rich, poor, work or
not work, income or no income. Every
family gets CB / child until a child 17 year old.
Not seen in G7 industrialized countries.
During COVID-19,
a Canadian family, rich, poor,
working class, middle class lost job with 2 small children gets:
2000$ x 2 + 2 x 850$ CB / child = 5700$ /
month up to a year of COVID-19 Benefit.
Benefit COVID-19 started from March, 2020 -> Oct 3, 2020. Now
extends to another 6 months. While every Canadian family, rich,
poor, work or no work, income or no income, gets CB until a child 17 years old.
Money deposit direct into mother's bank account. The purpose of
Child Benefit is 1) Help Canadian family 2) Reduce child poverty. 3)
Increase population
=> Minimum wage
= 14$ / hour, compared to Cost of
Living, Canada is the best in G7.
=> There are more.
Like Environment, Air Quality, Transportation, large Streets, High ways, fast Subways, Super high ways.....
Is it true that
Canada accept more rich economic Immigrants?
It is true that Canada accepts more Economic Immigrants, Skills
Immigrants and Family Unification. But Canada also accepts more
refugees, around 15% Humanitarian refugees like Syrian.
When are you no more
immigrant and become Canadian? After 5 years you become Canadian. Need to
pass citizenship test. Canadian is Canadian. No difference.
How
big is A Canadian Dream for an Immigrant?
-> Depend on How Big is your Dream.
In Canada, if you are millionaire -> You are on top 4.8% Canadian
population. Toronto creates most millionaires more than half in
Canada. In any country, we need to dream
big what
ever situation. We
see people low dream, small dream ->
Easy life, self satisfied. Feel enough, satisfied,
happy even don't have
anything. We see people with no dream. Dream Big
means work harder, try harder, smarter, more challenging, obstacles,
people jealousy, life hardship, difficulties...
Dream small easier. No hard work.
No struggle.
=> Check Social
Media Linked In. Almost people have
University Degree have Linked In, like resume, CV. If he/ she has no
Linked In, then he/ she has no University Degree, no career of
Professionals, not Engineer, not Scientist, not Teacher, not Doctor.
Linked In also tells you when that person buy home based on their
career. Usually, from the day they started
career to 10 year later, they can buy home. Today, even Ave salary
of Professor 100,000$ / year can not afford to buy home in Toronto
that needs Salary 120,000$ + Deposit at least 20%. Use Data.
All is about Honesty is # 1. Knowledge is
always better.
But, in Toronto,we
have seen people
started life = 0, no degree, alone, no support
from family, no privileges, diverse backgrounds, become
Engineer, Scientist, Professor, and Millionaires. We also see
immigrants become 1/2 Millionaires, Millionaires as well. Never happens this in
developing and developed countries, other rich industrialized countries.
In Toronto, you ask an immigrant what do they want?
- Most of them will answer
:" I may work in Factory
or minimum wage job to make end meets. But I want my children to
become Engineer, Scientist, Teacher, Doctor ...Anything is possible
here. " Let's jump
out of small well, see big sky -> Welcome to Toronto,
a big City where more than
100 countries, 100 different
languages of people from
around the world choose to live in Toronto for
their second chance of life, and Make
Big Dream.
These Immigrants are the best in
their country come to Canada,
Toronto, work hard, only one
goal: Be Educated, Be Rich, Be Millionaires.
Think Toronto is a Global Olympics, not Local Competition. A lot of
Canadian
diverse backgrounds become Engineer, Scientist, 1/2
Millionaires, and
Millionaires.
But
not all Immigrants are success. Empty. No dream.
No where in the World is
heaven, easy for success. Not
comfort zone. In Canada, Toronto, to be Rich -> Need Home. No Home
-> Never Rich. A Scientist Professor has proved that
you will not millionaire if don't meet the condition: 1)
150,000$ Income or Salary /year for continuously 20 years OR 2) Have
A Home in Toronto at least 20 y. - Life in Canada,
Toronto, in US, in Europe, in Japan,
in industrialized countries
is not easy to get rich, not easy become a millionaire.
... A Story:
An immigrant lives in Japan for 10y. During COVID-19, she doesn't
have enough money to live. Japan minimum wage, like South Korean,
China very low. She asked family back home sending her money to
live. This story is different story a Filipino female in Canada,
worked in Hotel, lost job. She got 2000$ COVID-19 benefit for a
year. She sent money back home to help her family.
In Canada, Toronto unless you
have Home at least 20 y, you will not become millionaire. Unless
high salary like Professor, you bought Home, sign contract at least
30y, 35y, 40y... - If you bought home 15 years ago, since 2006, you are only 1/2
road, still Bank's home, because the Bank is like investor, stake
holder lend you money to buy home.
Assume your mortgage monthly = 4000$ / month, include interest
payment, the big debt, mortgage debt =
.4000$
x 12 mo x 15 y = 720,000$.
Your mortgage Payment monthly most 70% pay for Interest Payment
because small Deposit. That's why buy home, need at least 20%
Deposit a requirement.
NOTE: Case Study 1: A person buy
home 1.5 million dollars after 10 years in 2011, deposit 20% =
300,000$. He said: " I have
new House 1.5 millions Home (still Bank's
Home, only 10 years. Need at least 20y). Not Honesty.
Exaggeration!
But actually his asset=
300,000$ not 1.5 millions. Need work hard at least 25
years more. Scientist calls this is Behaviour Economics.
Human, "Greed &
Fear", likes to focus on Gain = 1.5
million, not yet Gain, at least 25y more to pay mortgage. But not on
Lost = 1.2 millions Debt, current Debt need to pay.
Case Study 2:
Aperson bough home 15 years
ago, in 2006. His career is not Professor with 100,000$ salary.
He bough home with small Deposit. He still has
at least 15 years more on contract.
Assume his mortgage payment 4000$ / month include Interest
Payment. Thus he still owes mortgage Debt =
4000$ x 12 mo x 15 y = 720,000$
debt .
Case Study 3:
Today in Toronto, Ave Home = A Million
Dollars Home. Detached Home = 1.5 m, Semi Detached =
1.3m. Salary of Professor 100,000$ can
not afford Home in Toronto -> Unless you have
a whole Family all together Buy
Home = 4 Salary. OK. But you still need to
have at least 150,000$ for 20% Deposit. Your Contract at least 40
years to pay off. Better than Nothing.
That's why *Home
Ownership* very important.How many years
do you already Buy Home? Mortgage Debt.
Have Home like Have Business.
Need a whole Family working for Home.
No Home = Nothing. Try your best.
- 20 years ago, Ave Home = 217,000$,
after Deposit, you have mortgage loan around
150,000$ -> 200,000$. Very small but still take 20y to pay
off.
- Today, Ave Home = A Million Dollars Home.
After Deposit 20%, you have at least 800,000$
-> 1 million. How long to pay off?
- Do Math grade 5.
- It is not Type of Home, Detached Home, Semi Detached Home, it is *
Home Ownership* -> How Long to Have
Home? Mortgage Debt. Have Home big
responsibility.
- Mortgage Debt more important than
Credit Card Debt. Must pay on time every month. Can't delay -> Lost
Home. Take care Mortgage Debt first of all for
30 years. Even hunger. Lost job -> Lost Home, even after 10y have
home.
- Living standard is very high.
After Tax (usually 20% - 25% of Ave
Income 50K/year - High Income pay more from 30% - 40%) +
Miscellaneous deductible like CPP, EI.., then Rent, Car, Insurance,
Phone, Restaurant, Grocery, Travel ... you have not much left. 20
years ago Ave home = 217,000$, minimum wage factory around 5.5$/ hr,
Engineer, Teacher 15$/ hr. A couple working in factory in
1983, after 15 years save
25,000$ to buy home with 10%
Deposit. While a Professor,
50$ / hr = 100,000 $/ year, in 3 months save 25,000$.
- Today, Ave home in Toronto
A Million Dollars Home,
salary of 100,000 $ = 50$ / hr can not afford to buy home in
Toronto, required 20% Deposit = 200,000$. But in US, you can buy
home with 5%
Deposit. In Texas, Houston, people buy home
Ave = 250,000$
with 3% Deposit = 7,500$,
at least 40y to own home. After 20y, still bank's home. The problem
of Buy Home small Deposit is that you will pay extra Interest
Payment few hundreds thousands of dollars. The 250,000$ house, he
could pay 3 times more like =
750,000$.
The different between 10% Deposit and 20% Deposit could be = extra
350,000$ dollars more. And take more years to pay mortgage.
The sales agent doesn't tell you because the small
deposit, the agent, the bank make more money.
Toronto,one of biggest Cities in
the World, population 9.6 m, bigger than Paris, London, more than
New York City 8.5 m, where
Immigrants, the best in their country, come to Toronto to
make their big dream for themselves and for future Generation.
Toronto, Ave Home Price
rank #4 in the world,
built by Immigrants since the beginning of the City, the only multi
culture City in the world.
But there are obstacles, barriers, biases, challenging,
difficulties just like in any City, your City.However, a lot of Immigrants started life =0, overcome
challenging, obstacles, become Scientist, Engineer, even Millionaire.
Not for people
self-satisfies in comfort zone,
not heaven, not easy life, not like on TV. Toronto is like
your city, but it is diverse of people, 100 nationalities and
languages, not homogeneous 99% same people same language, same
culture. A Story:
A Canadian Scientist Professor, started life = 0 at 18 alone, grew
up in Toronto 30y ago. He already achieved his dream
for 20y: From Factory -> A
Canadian Scientist Professor Millionaire in Toronto. => Professor David. D Click see
his [
Cheque ]
20 year ago,
50$ /h, 100,000$ / year.
Which is equal to
salary
250K /y in today money. When Ave Home Toronto =
217,000$.
20 year ago,
Factory minimum wage = 5.5$ / hr.
When today, Ave Home Price Toronto
= A Million Dollars Home,
Factory minimum wage = 14$ /hr.
Home up 5 x
time, Ave Home
217,000$ x 5 = 1,085,000$, Detached Home 1.5m, Semi Detached Home
1.3m
increased 5 times more than 20 years ago, more than Ave Home Price.
While minimum wage Salary up from 5.5$ -> 14$ = up 2.5x.
Harder Buy Home Today increases 5x than 20 year ago
although Salary increases 2.5x.
If adjust Salary correlation to Home, 20 year ago
100,000$ / year = today
450,000$
/ year. 20 year ago, if he
started as Factory Worker 5$/ hr, or Teacher, or Engineer 15$/ hr,
he would wait for 10 years later enough saving for Deposit to buy
home. Then Home Price in Toronto already double price in every 10
years. He could miss. That's why, education will
improve your career, salary.
=>
He
still keeps working next 20y on the journey of life. He is not
satisfied. Last year 2020 was disappointed, stress. Hope this year
2021 will be better. For Millennial from 29 -> 39, dream big, try
hard to achieve the best, because all the best is achieved in this
age, when you are still the young, the restless, the ambitious, the
energy. When you are in 40s, it will be harder.
Dream big even hopeless.
Have Hope. Have A Dream. Why people start up a
business? - Because they dream big. One day their start-up will be
big, multi-millions, billions dollars. A lot of challenging,
difficulty, hard work. Just Have A Dream. Begin with having a dream.
Success or not, is not important. The future is not to tell.
Whatever will be, will be. Some people think life is simple, food to
eat, good enough.
I don't need Money, Title
Scientist, Engineer, Doctor.., Rich, Car, Home...They are Material Life will make you
work harder, try harder, smarter,
suffering, hardship. I satisfied with my life simple, no Home, no
Bills, no Car = Nothing worry. Why should I choose hardship,
difficulty, suffering? -> This is Have No Dream. Hopeless. When
people Have No Dream, it becomes hopeless, no goals, no future,
miserable. If People in the society think like this, then you will
not build a strong, better society, because people don't want
anything, no progress, no better future. There will be no Scientist,
no Teacher, no Doctor, no Engineer.. Because people don't want
Title.
People will not work harder because they don't want Money
-> Thus less Products & Services are made and produced. People
rather Homeless
than work hard 20y to have Home.
People want to have fun, satisfied, simple, happy. Poor
people every where because they don't want
Rich.
According to Scientist, material
life like Money, Car, Home.. will make people work harder,
more money rewarded, Hard work & Reward,
richer, and productive, produce more. Because when you have Money,
Car, Home, you have no choicebut workharder,
improve you career, more money. But hardship is rewarded, like
Have A Home,
not Homeless, more Money.
Just Dream A Home makes you work hard 20 years non stopping.
The Reward is Home, Money, Something.
Money is a result of Handwork & Reward. => When people
don't want anything.They don't Have A Dream. Not talking Big
Dream. When you say I don't want:
Money, Title, Home..
-> You need to Have A Dream.
When I started life =0 in Toronto, homeless, worked in
factory 5$ /hr, no degree, I had dream to become an Engineer, rich,
improve my life better. The salary of Professor 50$ / hr =
100,000$ / year helped buy home in 3 months = Same the salary of
factory couple 5.50$ / hr combined, saving
25,000$
for 15 years. People want big dream, rich, success. People like
success story of immigrants (I am not an immigrant) started
life = 0, inspired them. Specially Toronto where diverse population
more than 50%.
If you are an immigrant, new comer, after 5 year, you will become a
Canadian after passing citizenship test. And after 10 years, you adapt well in to society like any
Canadian.
I like to tell story. Still continue next 20 years to
contribute society. In Toronto, if I
can do it. So do you, where ever
you live. You
maybe a small town person come to live in big city alone. Started
life = 0, no family, no degree, no support.Toronto is not different
with your City. You will make it. No worry. Good luck.
This I share with you story
from my life experience in the big city Toronto.
,
October 2020
Data just released on Oct 7, 2020:
Just in new Home Data for Vancouver,
Ottawa, Montreal in Oct,2020
City of Toronto Average
Home Price for all
Properties in Toronto for month September, 2020 is:
$1,022,051 compared to
Sep 2019 =
$913,018
-> An
increase $109,033.
Home Sales
Up 42%
a new record high of September month, compared to last year
Sept, 2019 when no COVID-19.
Home Sales of Semi Detached is high
48.8%,
Detached Home
28.1%,
Town Home
21.5%,
Condos
7%
-> Condos Listing Downtown hit 215% compared to last year.
Seems over Condos Supply for Sales, sign of weakness.
-> Semi Detached Home continues the most Demand Property, last month
August
up
82%,
this Sept month
up 50%.
->
A person bought a semi detached in City of Toronto last year,
just sold their semi home last month Sep, 2020 after
1 week
of Listing, profit =
125,000$ after 1 years buy
home. While Ave Semi Detached up =
76,440$.
GTA
Sept, 2020, Home Price =
960,772$
compared to
last year Sep 2019 =
$843,115.
-
In Sept 2020, Detached Home in GTA =
$1,104,866 -
Last month =$1,023,987.
Last year = $946,256
-
A difference
Detached Home in GTA with
Semi Detached Home Toronto =
$41,000
Home Price changed ups/ downs month to month not important, not
"real change". Compare year to year, take a year to see "real
change" more accuracy.
Important News in October:
The reason for Home Sales &
Home Price in breaking-record high
because:
1)
The
Interest Rate
As usually number #1: Still at 0.25% record low, borrowing cost to buy home
is very low -> Demand up
2)
The Supply issues - still lack of Home Supply -> Supply decreased
3)
The pent up Demand up because in the time of COVID-19, people don't
travel, stay local. So they shop for home, and
pent up Demand from
spring March -> May, when people stay home lock down during peak
COVID-19. Now they buy home. -> Demand up.
4)
All kinds of COVID-19 Benefit
packages for Business and People.
Canada pumps up
346 billions dollars into economy in order to support 37.6 m
small population of Canadian, Businesses -> Demand up. Canada
continues
extending all kinds of
COVID-19 Benefits Package
that will end in Dec, 2020
until June 2021, .
For example;Big
benefit package like 1) CERB
(Canada Emergency Response Benefit) each person lost Job,
Self-employed like Taxi Driver, Yoga, Music Instructor, Contract
Worker, who not qualify for EI (Employment Insurance)... Now got
2000$ / month from COVID-19
began in March 2020 should be ended in
Oct 3, 2020, now extends to
6 months more. All kinds of COVID-19
Benefits like: 2) Wage Subsidize Program (CEWS
Canada Emergency Wage Subsidy) to support Salary of
Employees to 75%. Then COVID-19 Benefit for Support
Business Rent, Commercial Rent 75%,
Business Loan no interest,
College Student Benefit each gets
1250$/ mo for 6 months has ended in Sept, 2020 when students back to
school. Child Benefit 850$ / month/ child, 2
Childs = 1700$ / mo deposit direct into Mother's Bank account,
regardless rich or poor family. Child Benefit support children until
17 years old.
Not including all kinds of benefits from
Province.
5)
Mortgage, Rent deferral
from Government Policy, Bank supports loan mortgage deferral for
Home Owners 6) Economic Improvement. Job
Growth.
Canada sees much economic improvement. Home
Price and Home Sales up across Canada.
It is Consumer Spending accountable for
65%
(in US 70%)of Economy, GDP, is powered up by Gov spending from all kinds of
COVID-19 benefits 346 billions, Monetary policy from Central Bank
lowest Interest Rate 0.25% in history,
and the increase of Home Price across
country. Most lost Jobs in low wage workers,
such as, restaurant, travel. On average Middle Class Canadian
asset across country around 350,000$.
Ave Home Price across Canada
is 464,000$,
not including Vancouver, Toronto. Canada around
2 trillions GDP economy on population
37.6 m, the more population the more
Consumer Spending. In 2019, its 2019 Export =
446.5 billions, 2019 Gov Budget = 355.6
billions, 2019 Consumer Spending = 1.2
trillions dollars (1187,398 Billion
in 2019). Consumer Spending > More than Gov
Spending + Export.
How is CERB
(Canada Emergency Response Benefit)
in Transition to EI System and EI Rules. All in One System?
Category 1) For those on CERB
but do not qualify for EI
like self-employed, gig economy, free lance, contract, music, yoga
Instructor, Taxi, Uber driver ... in Category 1. Who do
not qualify for EI because not working full time, not full time
Employee, not enough EI Insurable Hours. They will be transferred from CERB expired on Oct 3 to EI
System and Rules. They will get 2000$ / mo for
6 months, or 26 weeks,
the minimum of weeks, from Oct, 2020 -> April 2021.
According EI Benefit based on Unemployment
Rate of at least 13.1% -> 14%.
Category 2)
For those who on CERB but qualify for EI
like full time Employee of a company. Who qualify for EI because
working full time. They will be transferred from CERB expired on Oct
3 to EI System and Rules. They will get 2000$ / mo for at least
6 months depend on their work status. For example, an employee started working full time
8 months for a company
in Category 2, on Jan 2020 then was let go because of
COVID-19 in August, 2020 after 8 months. Total Insurable Hour = 160
x 8 + 300 extra benefit insurable hour =
1580 insurable hours.
Because in time of COVID-19, Canada made easy for people to qualify
for EI, it pus the Employment Rate to at least 13.1% ->
Thus EI Benefits amount allows this person
will get
work 8 months get 45 weeks benefit.
(= Maximum of number of benefit weeks entitled in EI is 45
weeks) - Each week = 500$. While
those gig economy in category 1, who not qualify for EI get
only 26 weeks. Based on the minimum weeks of benefits
entitles of EI Rules For example, an employee working full time
4 months for a company in Category 2.
Total Insurable Hours = 4 x 160 + 300 hour benefits extra =
940 insurable hours.
According EI Benefit based on Unemployment Rate of 13.1% -
The total Week Paid Benefits for
work 4 months = get 33 weeks
benefit of benefit 500$ /
week.
=> From View of Computer
Scientist System Analyst & Design, this is easy to implement the
Rules and System Design = All in One System + Avoid mistake payment
of benefit. This is easy to modify computer system.
There were already
EI Rules
built in the EI computer system, already
design & built. All we need
to do is to raise the EI Rues
make it easy for people to qualify + more weeks of benefit. Or
to lower the EI Rules make it
difficult to qualify + Less weeks of benefit.
We just need to adjust the Rules. For example, in time of COVID-19,
raise to Benefit paid based on Unemployment Rate to at least 13.1%.
Thus more people qualify for EI + More weeks of benefit ->
Every one shares the same Rules. For example, when COVID-19 is over,
all we need to do is lower the Unemployment
Rate from 13.1% standard in the
time of COVID-19 now to local level like before pandemic in
Toronto = 6% Unemployment Rate -> Harder
qualify for EI and Benefit paid less weeks.
Those people in Category 1 will not qualify
for EI. People in Category 2 working for 4 moths will not
qualify also, because not enough Insurable Hours = 4 mo x 160 = 640
Insurable Hours applied before COVID-19. EI
Rules before COVID-19 : Need minimum 700 Insurable Hours
for Unemployment Rate <= 6% and Benefit weeks = 14 weeks. Not
33 weeks now. And the benefit will be much less than 500$ / week.
Work minimum wage 14$, 15$ / hr -> Will get around
270$ / week
(after tax)
before COVID-19, not 500$ / week in time of COVID-19
=> Later Gov can
always change EI Rules if Economy improves. Or The New Government
could change the Policy.
- Which will affect people apply for EI
later, not affect for people already applied. For example,
vaccine out, COVID-19 over, economy improve, in
Jan 2021, Gov will change EI Rules back to normal. People already
applied before Jan, 2021 will still entitle to benefit as now. New people apply for EI
in Jan, 2021 will get EI Rues back to normal
as before COVID-19. Canada's Job Data this
month good improvement, suggesting Canada Economy in recovery.
=> The Rule is the
Rule, same for every one. For example,
a person says:"- I have been working for
10y then got laid off because of COVID-19. I got 45 weeks maximum
like the person working only 8 months?" -
Yes, you get 45 weeks maximum of benefit. The
Rule is the Rule.
=> This is an example of
EI System is built by Computer Scientist Analyse, Design, and Build
Computer System. There are
Data & Rules. No mouth.
Child Benefit helps the
rich, the middle class or the working class, the poor?
- Canada has
good Child Benefit rank #3 in the world, after Norway, Denmark.
Child Benefit helps Canadian families regardless rich, poor,
classes, and increase population. But actually help the middle
class, the rich more.
The average
asset of Canadian middle class is
350,000$, high
in the world. In Singapore around 280,000$.
The working class, the poor need work hard at least
80 years
to have such money 350,000$.
See CNBC How Much and How Long You Save
to Buy Home in US. Depend on where you live. We
use Data source from big Financial Institution CNBC, not from mouth.In Chicago, Illinois good city, save
51,000$ take 19 years. Have 100K = 38 years working hard.
The working class can't afford to have
children even good Child Benefit, because there is cost to have
children, mostly Child Care.
Both working class parent need working.
-> Thus need Child Care, very expensive. Thus most cost.
While a middle class family already have
350,000$. The wife can afford stay home take good care of
children. And have 1700$ deposit into
the mother bank account, not the father. And also save a lot of
money for Child Care, and take good care their children.
https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html
Since 20y ago, every year
Toronto Home has returned
65,000$ -> 75,000$,
which is equal to salary 150,000$.
This year 2020 compared to last year, it returns
196,000$. See we explain below.
=>
Home Sales is up in breaking
record, specially Semi
Detached
=> Sales Condos is not muchonly 7.7%, because: 1)
COVID-19 people don't like to live, sharing with others, ups/ downs
in elevators, corridor 2) People put up Condos for Sales in
record, Listing up 215% compared to last year. Sign of
weakness 3) People work from Home. So they buy home outside Toronto,
suburban more space, cheaper than Condos in City of Toronto.
=> The Average Home Price in City of Toronto still above 1 million
dollar = 1,022,051$
GTA (Greater Toronto Area)
District around Toronto. Population around 6.2 millions.
GTA Ave Home Price =
960,772$. Include: York Region,
Peel Region, Halton Region Rest of GTA (905) =
931,834$. Include:
Durham Region
City of Toronto,
or 416 phone area code, population around 3.3 millions.
2 biggest University of Canada is
: York University rank #2 in North
York, University of Toronto, rank #1 in
Downtown.
where Ave Home Price =
1,022,051$.
City of Toronto, 3.3
millions population. Its
Municipality
= North
York, Etobicoke, East York, core Downtown Toronto.
Top 5 Biggest Cities in US & Canada:
1) Toronto = 9.5 m,
City of Toronto
for Toronto, where Stock Market TSX, Center of Banks, Financial
Institution, Manufacture Hub. Population = 3.3 m.
2 biggest University in Canada is York Unv #2,
U of Toronto #1
in City of Toronto.
City of Toronto
is Capital of Province Ontario.
2) New York = 8.6 m.
City of New York is
Manhattan,
where Stock Market, Down Jones, NASDAQ, UN Headquarter, Center of
Financial Institutions US, population = 1.7 m (Manhattan
like
City of Toronto
for Toronto). New York is Capital of State = New York State
3) Los Angeles 4m, 4) Chicago 2.8 m 5) Houston 2.3 m
Toronto = GTA + City of Toronto
A lot of confusion using Ave Home Price for Toronto.
Some Media Companies
use only
one Ave Home Price
= GTA Ave Home Price =
960,772$
for Toronto. Make it simple.
We use Ave Home Price Toronto for City of Toronto (416)
= 1,022,051$,
not Toronto GTA.
- How to Become A Millionaire. But don't
forget the Debt.
(Update Nov, 2020)
Millionaire = Total Asset of Home + Car + Jewellery + Cash +
Investment ... - Total Debt
(Credit card Debt, Mortgage Debt, Whatever debt ...).
In fairness and honesty.
For example, 1) A person
bought Home in 2005 with small Deposit 10%, still has 15 years more
to pay off home. Giving mortgage 3000$ / mo -> Thus
3000$ / mo (
Include Interest ) x 12 x 15y =
540,000$
in debt. Need work hard 15 years more.
2) A person shows his home, said:"-
I Buy this Home 1.5 millions dollars."
-> Need to
know: 1) How Much Deposit 2) How long already Ownership. At least
20y.
=>
Actually, Total Asset =
300,000$ of 20% Deposit. Total Debt = 1.2 millions.
Before gain 300,000$, now lost 1.2 millions dollars.
-> Big Debt to Nothing.
But good debt.
Still better than pay RENT
= Big Debt for Ever. NOTE: This is not small Credit Card
debt few thousands.
Mortgage Debt usually hundreds of
thousands dollars, you need to pay
on time, or lost your home. This Scientist calls "Behaviour
Economics". Human Behaviour focus on Gains
(1.5 millions, not yet),
not Lost (1.2 millions),
Greed and Fear.
=> Not yet gain 1.5 million dollars. Need working hard at
least 35y more for such big
mortgage 1.200,000 $.
Go back 20 years ago when Home so cheap Ave
217,000$,
after high Deposit, mortgage around
150,000$ -> 200,000$ Still take 20 years to pay off.
Because of almost payment / month like 75% for Interest Loan.
That's why ask "
What were you doing 20 y ago when Toronto Home so cheap?
"
=>
Question :" Why in Toronto, people can afford
A Million Dollars Home,
like drive 250,000$ Mercedes? "
=>
Answer: "-
According to "The Wealth
Effect Theory"= Wealth Creates more Wealth.
Higher Home Price -> Create more wealth for people, who now can
afford higher Home Price -> More Demand for home. Thus push home
price higher => Thus People more Wealth because of higher Home Price
-> Thus more Demand for Home and Push Home Price higher -> In
circle. 20 y ago 217,000$ Home -> 10 years later
500,000$ Home -> Now 1,000,000$ Home -> Still more Demand
for Home. Sales on record in
the time of COVID-19.
This calls "The Wealth Effect Theory explains why people in
Toronto can afford high Home Price. And why Home Price keeps pushing
higher, double every 10 years, as proven by Data by a Data &
Computer Scientist Prof.
Not worry about high Home Price ->
More Demand. But worry about lower Home Price -> Less Demand.
The Wealth Effect Theory
says that this
Wealth is spreading thru society, community.Benefit for all people.".
Toronto is where rich middle class, millionaires live,
rich by Home.
Data shows people buy home in Toronto: 55% Rich Middle Class,
Millionaires, 25% Immigrants, 15% Millennium a lot got help from the
55% of rich middle class, millionaires, only 5% Foreigners. "
NOTE:The Wealth Effect
Theory combines Economics
with Data Science from the Author of this Blog.
How To
Become A Millionaire and Who is A
Millionaire with few Rules
applied?
A Data Scientist and Professor, said:
"Use Data no Mouth. The way Data Scientist Collect Data,
Relationship Data, Correction Data, Analyze Data, Normalize Data in
different Conditions -> different Methods. Find
Millionaires
search thru millions of
Homes, Condos, all kinds of properties in Canada is
impossible
-> No Law allows. Can't ask millions of home owners in
Canada list their Asset.
In Canada, US, this is invasion of privacy.
Then "- How do you know
their asset? "
- Take 10 years + thousands of staff to do
Statistics to collect hundreds of thousands of Data. Cost hundreds
of millions of dollars ->
But there is Methodology by Data Scientist.
Experienced Data Scientist can get Data.
Canada
is a rich industrialized G7 country. A lot of millionaires.
Rank #2
by Population in the World, after US.
Every one wants to Become A Millionaire. Not easy.
Need to follow the Data and the Rules applied for "every one".
No biased, in fairness, inclusive.
Simple not complicated "Rules". We explain the
Rules below. I know a lot of
Professors, salary over
100,000$,
but a lot of them are not Millionaires. See A
Story in this Blog. If you not
yet, wait for your time will come. We wish you work hard, contribute
to society, and proud "Become
A Millionaire", which is
a huge contribution to
society, top 4.9% Canadian
population. No jealousy.
=> 90% of Middle Class Home Owners Asset is Home. Who Buy
either Detached
Home or Semi Detached Home with 1) High Deposit at least 25%,
2) Ownership at least
20y3)
Location
Ave Home Price = A Million Dollar
Home
like in Toronto,
Vancouver(Ave Home Price
rank #3 in time of COVID-19 only after Hong Kong, Singapore
in the World. But now, Toronto surpasses Vancouver) -> Become A Millionaire =>You Are A Millionaire
on top 5% of
population in Canada. After combined all assets:
Home + Car + Bank Acct + 401 K + Misc stuff - Debt.
-> Based on latest
"official" Toronto Home DATA in 2020. No mouth Data he said, she
said.
How
to find
Millionaires
people who satisfy these 3 Rules?
- Easy. -> 1) When? Go back
20y
career
- The
Rule needs 20y Ownership.
Need pay mortgage at least 20y. But started
career 20y ago doesn't mean you can buy home right away.
Take at least 12y after
started career you can Buy Home. Then in Toronto, Home
already double Price every 10y. You missed. Unless you were a
Professor Buy Home within a year.
-> 2)
What
was He/ She doing at the time Buy Home?
- The
Rule needs at least 30% of Deposit.
This is your career, salary, income at the time Buy Home. High
Income -> High Deposit.
See A Story in this Blog: 20y
ago,
A couple working in Factory take them
15 years to Save 25,000$ in
combined Salary to Buy Home small Deposit 10%. While it takes a
Professor 50$ /hr working for 3
months to have 25,000$ back 20y
ago. See also Data from CNBC:=How Many Years People Saving Money
to Buy Home
->
https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html
->
3) Where
they live?
The
Rule needs Location
that has Ave Home Price = A Million Dollars Home.
LikeHong Kong, Singapore,
Vancouver, Toronto, Shanghais... Top 5
Cities in the World by CNBC, hasAve Home Price = A Million Dollars
Home.Canada has 2 Cities
Vancouver, Toronto in Top 10 Cities high Home Price in the World,
China, US as well. During time COVID-19, most
Properties, Home in top 10 Cities in the World Home Price dropped a
lot. In Canada, Vancouver does not drop, stand same Home Price
last year 2019. See Data in this Blog.
Only Toronto increased 20.1% =
200,000$ in Aug, 2020.
=>
This 3 Rules will help "filter" a lot
of Data.
If not filter, the population of Millionaires in Toronto could be
more than Japan's population of millionaires, currently rank #3 in
the world.
NOTE: These
3 Rules can apply for all Cities in the world.
Help quickly filter a lot data. Easy
making decision. A lot Leaders in Business Don't
Make Decision Using Data, biased, lack of ability
"Problem Solving",
lack of capacity to
Analyze, see far,
making no good decision
1) Should trust Data than trust mouth Data.
->
No good, Listen
to mouth data, he said, she said. For example, A person said :"- My
Home is 1.5 millions dollars, but he/ she doesn't say 1.2 million
dollar Mortgage Debt." For example, 20y ago,
Took a couple working in Factory
15 yearsto save
25,000$, to Buy Home with 10%
Deposit, Ave Home 20y ago = 217,000$. While took a Professor
only
3
months,
50$ / hr to
save 25,000$ ->
95% people don't believe until proven Data, change their thinking. NOTE:
20 year ago, factory, minimum wage = 5.50$ / hr, 25,000$ was a lot. 2) Trust Data more thanExperience. While Experience of course is very
important. But because a lot of people gain experience thru
their own "Human Intelligence" of Believe,
Assumption. Different people have different belief,
biased, lack of knowledge, lack of
Data,
not scientifically Data
proven.
Experience also depends
ondifferent Backgrounds,
a Professor, an Engineer, A Scientist ..
their experience different with
people who are not.
For example, different Manager, Sales
Manager each has its own different experience about sales,
management. Who do you trust? If listen to no
good advice, the company will stay the same, never grow,
no innovation.
For example,
A company in Business as usual
for 20 years of business experience, no new Ideas, no Innovation.
Until, one person from outside of the box comes inside and
changed every thing. While inside Managers 20y experience see
nothing like no experience. 3)Trust Data more thanWords. Because words make people feel
good, but Data not.
Why?
Because Data is honesty.Human Behaviour
is Basic Instincts, pattern of behaviours,
feeling, like, hate, love, making decision response to different
situation for survival, evolved thru Human Evolution for thousands
of years, Greed & Fear, like Gain more
than Lost... Thus make decision not good.
For example, 95% people who Buy
Home 1.5 million with 20% Deposit = 300,000$ -> Think they own
1.5 millions
Home,
ignore 1.2 million dollars Debt.
Lack of good judgment.
This is Human Behaviour, most don't like Data.
=> Find When, Where, What -> Look at
Linked In
social media.
95%
Professionals with University Degree, Have
Professional jobs
-> They Have Linked In.
Thus, we can tell a person is
millionaire or their asset. Because Linked In will tell a
person
1) When
Started working
2) What
Career
3) Where
they live.
A person no Linked In account
is
not
A Professional,
like Engineer, Scientist.
If
you are A Millionaire ->
Take time 20y for You Work hard & Save
65,000$
/ year in 20y. Which means 1) You need salary or Income at least
150,000$ / year for 20
years. Because after Income Tax, Living Expensive you Save
65K -> 75K / year. Take 20
year Work hard 20y & Save 65K / y = Become A Millionaire. OR:
2) Just Buy Home in Toronto.
Then Work hard 20y for Home please. Its Return On Investment ROI =
65K -> 75K in 20y.
Most Toronto Millionaires Become A
Millionaire By Home Rich.
Wish you Become A Millionaire. But don't forget the Debt.
Millionaire = Total Asset - Total Debt.
In fairness and honesty for all.
(Update Oct 31, 2020) For example,a person still
have 15 years more to pay off home. Giving mortgage 3000$ / mo
-> Thus 3000$ / mo x 12 x 15y =
540,000$ in debt. A person shows his home, said: "-
I buy this Home 1.5 millions dollars, a new home." ->
Actually, Total Asset =
300,000$ of 20% Deposit. Total Debt = 1.2 millions Debt.
Big Debt to Nothing
NOTE: -
When we "Collect Data" hundreds of thousands even
millions Data Set (Table Data with many fields), we
Normalize Data all the same
based on the same rules. No biased.
For example, we don't pickup some
areas, some expensive home, "mouth Data" in order to present as a
whole population. Different situation has different way Collecting
Data. Collect Data
Sales Orders, generated from millions of Customers ordered
online is easy. Sales Data is stored Database is different with Collect Data of
Millionaires in population, more difficult, not available in
database.
Sales Data, Customer Data is easy to find,
measure.
For example, Measure Total Sales, Total Tax,
" - How Many Customers
ordered more than 1531$
" from 100 millions of
Customers = Easy. But hard to measure How Many Millionaires in
population.
But with the "Business Rules" applied
"same
Business Rules applied on Data" for every one
who satisfied these Rules. We don't know Who
are they, fairness, no biased ->
We can Normalize Data, filter Data, find Data of Millionaires population easily.
It is like "How Can We Find
The Most Expensive Home Price Top 10 in the World"
- Each city has millions of Home,
each Home is different values, each
street different, each area different ... Even poor city still has
Home worth 2 millions dollars.
Hundreds of thousands of mouth Data, my home price,
my friends home price, this area Home Price.
A person in Mississauga, in GTA says"- This Home worth 2 million dollars"
straight from mouth. Then x hundreds of
thousands mouth Data.
Suddenly, a whole Mississauga City's Home worth 2 millions dollars
Home..No "Official"
Data, only mouth Data. But actually,
Ave Home Price in Mississauga around 800,000$. A person says
"- In Tokyo, this area Home worth
3 millions dollars.
Why not on Top 10 list?" - Pickup some
expensive area A person, after graduated from
school, just working 5 years,
says "- I bought this Home
1.5
millions dollars." A person says "- I have Home and
car" .
But
Total Asset = 50K. Buy Home 400,000$ with 10%
Deposit + Used Car 10K = 50K
A person, started
working in factory, or low wage, 15
years, says "- I bought this Home
1.5
millions dollars." NOTE:
Took a couple working in factory 15 yeas
to save 25,000$. Also see CNBC data. On
Average, take 12 years working
for Saving Buy Home with small Deposit like
10% for Home Price around
300,000$. But, we talk about
Toronto = A Million Dollars Home.
A Professor,
startedworking 12 years, salary
100,000$, says "- I bought this
Home in Toronto 1year 1.5
m " -> Using Data, Could you analyze
what is the difference between them? We don't talk about 300,000$,
400,000$, dollars Home. It is 1.5
millions dollars Home. ->Since Toronto Ave Home = A
Million Dollar Home -> A lot people in
Toronto say mouth Data, when asked.
Look like almost 90% Toronto people are
millionaires = More 5 x Millionaires than Japan. While Data
tells only 2.5% = around 260,000
millionaires in population 9.6 m. -> "Mouth Data"
every where.
People use mouth data like mouth data. How
can you compare Hong Kong with Toronto, compare Vancouver with
Toronto?
When Collect Data, Analyze Data,
Scientists don't use mouth Data, a lot of noise.
Use "Official Data",
Ave Home Price Data,
doesn't matter a Person says.
It is mouth Data that makes Housing Market unstable, affect Home
Price.
All applied Data same Rules. Let's Data itself speaks honesty.
Not mouth.
Why Deposit?
Update Oct 5, 2020
- Very important.
In the Story, 20y ago, it takes 15 years for a couple
working very hard to save 25,000$ for 10% Deposit for Ave
Home 217,000$. Thus Deposit 20% = 50,000$ take 30y work hard
= Buy 2 x Homes of 10%. Thus the couple can't Buy Home,
because extra working
hard 15 y = Home double Price in 10y in Toronto.
Deposit 30% = 75,000$, take 45y work hard = Buy 3 x Home
of 10% Deposit. Impossible for the couple Buy Home. A
different in 10% of Deposit = Extra 12 years of Payment to
pay off Home = Cost extra hundreds of thousands of dollars.
A 5%, 10% Deposit will take at least 30y, 35 y,
40y pay off Home. Buy Home 10%, 5% by low
income, low salary, is not the same as Buy Home 20%, 30%
-> Check low income -> Buy Home 5%, 10% Deposit for sure.
A different between 10% Deposit and 20% Deposit is at least extra 10
years payment more. Assume you pay
3000$ / month
mortgage
(small)
=
3000$ / m x 12m x 10y =
360,000$ extra payment
Debt.Like Mortgage Debt, people
ignore extra 10 years of extra payment Debt.
Why Home Ownership?- Most people with Ave Income not High
Income, Buy Home at least 30
year, with small Deposit. So Buy Home less
than 15y with 10% Deposit, ownership around
40%
is still Bank's Home.
Because the first 15y you pay more for
Interest Payment like 75% of "loan" you
borrowed when Buy Home, specially when small
Deposit like 10%. The first 15y, you pay for actual
Mortgage Principle around 25%.
For example, you borrows
10,000$ loan from Bank. Each month you pay 299$ / mo, only 99 $ into
principle of loan = 10K - 99$,
200$ for Interest of loan.
After 15y, payment acceleration for Mortgage
Principle more than Interest Payment, because less money for
interest.
=> Need work hard for Home at least 20y, specially when Buy Home
low Deposit.
=> Check @ the Time Buy Home: Go back 10y,
15y, 20y "-
What was he doing? Low wage, thus small Deposit 5%,10%,
different with Engineer, Professor. "
Or the Salary of the person at the time Buy Home.
What was he/ she doing @ the time of Buy Home
=> % Deposit high or low Why Location?-We look at "Location"Ave Home Price =
A Million Dollar Home,
based on "Official Data"
from reliable source. We use
Average Home Price Data
to calculate and compare. Without Average Data, you can't calculate
and compare Hong Kong, Singapore with Toronto, Vancouver.
You can't compare Toronto with
Vancouver without Average Home Price. Otherwise, people in Vancouver
say their Home Price is most expensive using thousands of mouth
data, everywhere: My home Data, my
neighbour Home Data, my friend Home Data, this street Home Data,
this area Home Data....
Impossible for Scientist to calculate and
compare.
A person in Vancouver on TV said
"-
Homes in Vancouver on this street around 2 millions".
Straight from mouth not based on any Data.
A person in Toronto said "-
In Toronto Homes on this street around 3 millions. "
-Straight from mouth
That's why Toronto now is leading Vancouver in all Home Price
of all categories when
compared Average Home Price
Vancouver with Toronto. Toronto, Vancouver
Home Price very high, rank #3, 4# in the World according to CNBC
after Hong Kong, Singapore, specially in the time of COVID-19 .
Which is different with other Locations in Canada, US and around the
world.
Become A Millionaire
->
We look at Location, where
Ave of
Home like Detached or Semi Detached in
"Official Data" of Home Price
Average = A Million Dollar Home. We don't
look at mouth data, he said, she
said, they said ...Mouth Exacerbation,
Not scientifically.Show
me the Dataplease -> All Official Data provided
available ** right here ** this Blog. Scientist speaks
Data, no biased. <=> Honesty is #1
However,
don't need to know Who Is
Millionaire. All you need to
know is every year since 20y ago, Toronto Home has returned
65,000$ -> 75,000$,
which equal to salary around 150,000$
.
This year 2020 compared to last year, it returns
196,000$
NOTE:
This Data makes people feel good. But
we don't use Data to make people feel good or bad, like it or not.
We report Data, and make sense of Data.
All
Data provided are "Official
Data", not "mouth Data, he
said, she said, they said Data" => So that you can verify.
- It doesn't matter How Much
you MAKE.
How Much you HAVE
that counts
For Example, you made 50,000$ / year. But after
spending, minus for Tax + Rent +
Food + Car + Insurance, Phone, Living Expensive, Travel,
Debt... You Have 6000$ /
year that counts, not 50,000$ / year.
A
Scientist Professor: " - Toronto
Home in the past 20 years returned profit 65K -> 75K / year,
equal to salary of 150,000$ / year. This year 2020 in
August,Toronto Home returns higher last year near
200,000$
compared to 2019 last year.
More than 3x of 65K-> 75K. Thus :
1 x Home = 150,000$ / year salary
2 x Homes = 300,000$ / year salary
3 x Homes = 450,000$ /year salary "
To Become A Millionaire 2 choices:
1) Have salary 150,000$ continuous
20 years.
2) Buy A Home in Toronto. Keep it 20 years.
See how the Scientist Professor proves below.
Started life = 0.
No Inheritance, no Help from family, no Privileges. Millionaire By Population:
-
In Canada, Millionaires in 4.9% , US 7.8%, Japan
2.7%, S.Korean 1.8%, UK 4.9%, German 3.2%, Singapore 4.0%.
- Adult Population over 18.
- In Toronto around 2.5% Millionaires, 260,000 Millionaires in 9.6 m population.
Richest country in Asia Singapore around 197,000 millionaires.
-> Research shows that
a strong correlation between Home Price and Millionaire
Population. Toronto population 9.6
millions, and Average Home Price is
A Million Dollars Home
rank #3 in the World, same as Vancouver.
Millionaires make big money by brain.
- In US, you can Buy Home with 5%. A big Debt.
A Home 400,000$, Deposit 5%= 20,000$. Carry A Big Debt 35 y.
- How to Become A Millionaire. But don't
forget the Debt.
Millionaire = Total Asset of Home + Car + Jewellery + Cash +
401K +
Investment ... - Total Debt
(Credit card Debt, Mortgage Debt, Whatever debt ...).
In fairness, no biases, and honesty #1.
Example: You Buy Home 10y ago in 2010.
Still have 20y mortgage left. Giving your mortgage 3000$ /
mo include interest. Thus your debt is:
3000$ x 12 m x 20 y =
720,000$
Debt - No Bias, Honesty.
---------
- Home Ownership:
very important. Usually people low Deposit
less than 30% on mortgage
at least 30 years, some people 35y, 40y... You bought home 15 y ago
or since 2006, you only 1/2 road. If your mortgage 4000$ / month ->
You in mortgage debt 4000$ x 12 m x 15 y =
720,000$
in Mortgage Debt.
I still work hard next 20
years. Follow
the Data and the Rules I show you please.
Use your brain.
No listen to non sense mouth, no Data. No good for you.
Millionaires are good people. They do charity more than any group of
people. They are not jealous because you are rich. They want you to
be rich. You deserve -> Become A Millionaire.
(Update latest Nov, 2020)
My Advice as Data &
Computer Scientist, real
experience:
1) A Canadian, 30 years Life Experience to
live in the City of Toronto.
Started life = 0 @ 18, poor, alone, no family support, homeless, no
thing, no degree, no privileges. Facing all kinds of obstacles,
challenges, biases, from Factory -> Scientist Professor, Millionaire
in the City of Toronto.
2)
What were you doing 20 year ago when
Toronto Home so cheap? Since 20 years ago, I started career early 20y ago as Professor 50$ /
hr,
100,000$ / year
in Toronto. Back 20 y ago, Ave Home in
Toronto
217,000$.
Today
A Million Dollars Home.
Factory, minimum wage 5.5$, today 14$ increased 2.5x. So my salary
20 year ago, today is
250,000$ / y. If
correlation Salary with Home Price
increased 5x since 20 y ago-> Now
Ave = 1,025,925$, Detached = 1.5m, Semi = 1.3 m
in 2020.
So 20
y ago 50$ / hr or
100,000$ /y =
increase 5x = 500,000$
Salary
in today money. If you work for Government as Public
Employee, salary 100K / y will put you on Sunshine List top 1%
Public Employee's Salary.
Harder Buy Home today than 20y
ago, even salary has increase 2.5x since 20y ago. By Inflation,
over time, car, money lost value. Only Home gains value. See his
[
Cheque ].
Different people have different experience,
different thinking. I talk from my "real
experience" in big City, not
reading, not imagination.
Every time he says he always
shows Data. Not mouth.
He says:
" - Already 20 years in Middle Class,
very long road work hard for Home. 20 years long
enough, one step further
Become A Millionaire
->
A big Dream
takes 20 years. That's why I ask people be patient ->
Take 20 years
Work hard & Reward ->
Every day 9am - 5pm you go to work hard
for your Home, say,
" I want to Become A
Millionaire " -> Don't be shy. It is Canada.
A Home in Toronto will help you get big dream.
Other Locations will not.
Because you need Income or Salary
150,000 $ / year
work hard for 20 y continuously in order Become A Millionaire.
To Choose Where to Live, Where to Buy Home, Where to
do Business,
Location is always number #1
-> You are lucky to live in City, where Ave Home Price rank
#3 in the World like in Vancouver, in Toronto, Canada. Specially,
in the City of Toronto.Every year, Toronto Home
returns
65,000$ -> 75,000$,
equal to Salary or Income of 150,000$ / year,
as already proven in the past 20 years
by a Data & Computer Scientist Professor.
=> Just buy home in Toronto. Then let Home work it out for you
Become A Millionaire. You just need to work hard for Home for
20 years.
There is not such a fast rich
Millionaire. Even Professor salary 100K / year. To
Live you must pay. Can't avoid
responsibility.
1) Pay your Rent 20 years Become A Homeless.
OR.
2) Pay your Home in Toronto 20 years Become A
Millionaire."
I
want you Become A Millionaire. (Nov, 2020) Two choices: 1)
Have Income or
Salary 150,000$
continuously for 20 years. If some one say they are "A Millionaire".
Then you ask the same question: " -
Do you have Income or
Salary 150,000$ continuously for 20 years? More than Ave
Salary of Professor = 100K / year.
" Or:
2) Buy Home in Toronto.
Already proven by
people who bought Home at least 20 y in the City of Toronto
-> Explain below.
Based on latest Data
of Ave Toronto Home Price in 2020. It is proven by
a Data & Computer Scientist Professor. Not
mouth.
A Canadian
Scientist Professor, 20 y ago, his salary
50$ / hr, 100,000$ / year. Today this
salary equal to 250,000$ / year. He
says: " Millionaires used Brain,
intelligence to get rich.
You work very hard, minimum wage, low wage hardly to get rich
but get by.
Why? Even salary of Professor
100,000$ / y+
Work hard for 20y still can't
not Become a Millionaire.
Already proven below. => Unless you lucky,
live in Location like Vancouver, Toronto, and you buy home when so
cheap, with small deposit 5%, 10%. Like Story of a
couple working in factory since 1983. Took them 15 years combined
salary 5.0$ / hour,
in order to save 25,000$
Buy Home small Deposit 10% at 20 years ago when Home so cheap
Ave = 217,000$. Since 2016, this
opportunity is gone. In
Toronto, Buy Home need a salary at least
120,000$
in order to afford Buy Home and
Home Mortgage.
Do grade 5 math,
not mouth. =>20y ago, A
Professor working 3 months, 50$ / hour = A couple working low wage
5$ / hour,
in factory 15 years in order to save
25,000$
to Buy Home with small Deposit 10%.
=> Few characters of a Millionaire:
"
1) Get Educated. Use Brain.
Invest in your Brain
There is a big difference between a person educated
and not. The way they think. Most educated Professionals have Linked
In account. Intelligence Millionaires
different with Dumb Millionaires. NOTE: The choice
between use your
Brain - Data Intelligence.
Or
use your
Heart - Emotional
Intelligence.
(feeling, love, hate ..) ->
See my post about
Game Theoryclick here
will answer this. Professor Chu plays
Game Theory
with students to demonstrate:
Making Choices vs. Human
Emotions in the movie
"Crazy Rich Asian"
-> Use Brain, Making Choices always win. There is a Math Formula to
prove. If you want to be Rich,
use your Brain.Millionaire is Smart
& Intelligence. Most of them Become A Millionaire
because of Home in Toronto. They understand: - " Salary helps pay bill, but don't make
them rich, don't make
them Become A Millionaire. After pay Tax, Rent, Living Expensive,
Car, Phone, Food, Restaurant, Entertainment, Leisure, Clothing, Debt,
Travel, you have nothing left."
As already proved,
take 20 years for Salary or Income150,000$ working
continuously 20y non stop in order to Become A Millionaire.
A Professor, who interviewed, talked to
a lot of Millionaires in Toronto.
For example. Working low wage, factory
.. very hard.
A lot people are lucky
because they live right
Location in Toronto + And Buy Home early
when Home cheap + And Buy Home with
small Deposit 5%,
10%. This opportunity only
happens in Canada, Toronto. Other big Cities in the world,
working as minimum wage, factory, you are poor,
just survival.
=>There are people working
in factory, low wage are rich, not because their salary,
but because have Home in Toronto.
They choose right Location.
A Computer Scientist Professor
already proved:
"- Take 20 years
working continuously, non stop, for a Salary or Income 150,000$
(more than Ave Salary of Professor)
to Become A Millionaire"
Since 2016, Buy Home in Toronto needs
salary 100,000$ = Ave
Salary of Professor.
Started in 2018, Stress Test
required Test Salary + Deposit at least 20%. 3) Choose Location. For example. Avoid Location that did not create a lot
millionaires.Doesn't matter how good and
talent you are, you maybe Rich, but never Become A
Millionaire. 250,000 millionaires in
Toronto. Toronto vs. New York:
Toronto population 9.6 m is bigger than New York City 8.5m
population. Ave Home Toronto rank #3 or #4 in
the World, more than Vancouver #4 by CNBC Top 10 Ave Home
Price City in the World. While Ave Home Price New York City
rank #7. For example. You work for small business, live in small Town,
small City, you maybe Rich, but never Become A Millionaire. For example. A lot people work in factory, low wage, but
become rich, even Millionaires in Toronto.
This opportunity only happens in Canada, Toronto. Other big
Cities in the world, in your city, working as minimum wage, factory, is poor, just
survival. For example. Two person choose different places to
live, Mr. A in Ottawa and Mr. B in Toronto.
After 20y working hard, paid off Home, A has
1/2 millions. B becomes millionaire
with asset 1.5 millions, 3 x times more
than A. Go back 20 years ago, a Professor
working 3 months 50$ / hr = A couple salary combined working factory
minimum wage for 15 y in order to save 25,000$ to buy home with 10%.
A lot people working in Factory today get rich because they
live at right Toronto
Location #3, and Buy Home in Toronto when
home cheap. Not today Home
so expensive.Only rich Middle Class, high end career
can afford. Professors are the most high end salary, at least 80K /
y, 4 x times higher than minimum wage. But take 12 years to buy a
Million Dollars Home in Toronto
2) Value Money.
Love Money = Love your
country. Why?
- Money is
measurement of Hard word & Reward, of Value, of Ability.
You work hard, get paid by Money.
You don't work, don't make money.
When you see the
value of Money,
you want to save more than to spend,
work harder, study harder, try harder, not
self-satisfy, out of comfort zone
->
Citizen rich then Country
rich
Money very important. Help: 1) You rich, your family rich, out of poverty 2) You
Rewarded by Money in order to Make, Produce Products & Services.3)
You become Rich Citizen, rich Consumer Spending. 4) Consumer Spending helps
country 65% GDP increase. Help business, Create jobs, and Pay more Taxes 5) Thus,
Love Money = Love your country. 6) You poor no money -> Weak
Spending = Weak Consumer Spending = Weak GDP -> No good for country.
Rich citizen is rich country.
NOTE:
" There is no Religion, no Country, no
Government, no Family, no Parent wants you to be poor.
Because when you rich, you can take care yourself, your love ones,
your family, your parents well. Not only good for you but also good
for your country, for society.
Religion,Government will help
relieve your pain, your suffering, support you when poor, need help.
Doesn't mean it wants you in poverty. People feel sorry, help you
when you poor, needed help. But, no one wants in poverty.
But, in reality,
when you poor, started live alone, no family
support, in need of money to pay rent, food, living expensive, you
will see that the road is on your
own. In the time of COVID-19,
Government helps people all kinds of COVID-19 Benefits packages.
After COVID-19 is gone. You will be on your own. ->
Then we will understand Money is very
important.Can't live without
money. Life is Coast Rider,
Roller ups/ downs. There is time
up-to-the Top, and then down to the Bottom. Then Ups,
Downs. Some people think Money is like
material life. But I think Money
is value, a Measurement of Hardwork
& Reward. I came from very poor, in
poverty, no privileges, when started Life = 0 in the City of
Toronto.
I teach you Become A
Millionaire.
Millionaires are good people.
They do charity more than any group people. They are not jealous
because you are rich. They want you to be rich, a millionaire.
While
A lot of people teach you
Become Rich.Not easy in
Toronto,
where all kinds of people, diverse backgrounds, talents around the
World come to Toronto
Make A Big Dream
like in Olympics Competition not Local Competition. I invite you
come to Toronto to live, experience, and understand "A
multi-culture Society" of more than
100 nationalities live & work together. 30 years to make ends
meet, long enough, from Factory -> Become A Scientist Professor
Millionaire in the City of Toronto. Already proven.
My Dream has done. DONE.
20 y ago, since when first started career as Professor, salary 50$ /
hr, 100,000$ / year. I still
continue next 20 year journey of life.
" ->
Says, a person started life = 0, alone in the City of Toronto.
(Latest Update Nov, 2020)
Say a Professor,
" The Wealth Effect Theory
" -> " Change people
mindset, value money will change Economy, make country richer.
A country weak Consumer Spending must depend on
Export,
work harder but less money.
While rich Industrialized countries, G7 like Japan, Canada, US
depends on Consumer
Spending65% -> 70%
(in US)
of Economy, GDP. Look
at Consumer Spending, we can tell a
country rich or poor, developed or developing.
In Canada only small population 37.8 millions, but
Canadian Consumer Spending
65% of GDP = 1.2 -> 1.3 Trillions
of dollars. It is more than
Gov Budget Spending + Export + Business
Spending & Investment combined = only 35% of Economy of GDP "
- Things you buy evaluated by money,
brand name, luxury, cheap, not the same
price.
- You go to school, you want good career, upgrade your
career, because of good pay money.
- A Million Dollars Home is different with 100K Home, not the same.
- Different careers pay
different money, Factory different with Engineer, different with
Professor, not the same.
Money is like
Data to
measure in order to see the differences. Without
measurement, you can't see the value, blind, dumb, no brainier.
- If a person says "
Money is not important ".
Then this person either poor, inability,
self satisfied in comfort zone, or homeless. Money will
not come to him.
If
you work in
Factory, you will understand value of money to earn pay cheque, to
make a living.
=> You feel happy when you see money grow in your bank account after
working hard.
4) Dream Big. Think big.
(latest update Nov, 2020) Whatever your life's situation, factory, waitress, restaurant
server, low wage, cleaner, warehouse. ..You should dream big like
become Engineer, Scientist, Millionaire, even Black
President of United Sates like Barack Obama, or Asian Vice
President Kamala Harris.
You need to live, associate with people who have big dream, big
mindset. Jenny said: - " I live surround with
people, who are low expectation, simple life, self-satisfied in
comfort zone. Enough is enough. Life is = 0. No need car, home. If I
have big dream,Have A Home,
Become A Millionaire -> They
will get away, distance from me, jealous. So I must low my dream,
just like them. So that they will Like me. " ->
Big mistakes.
=> You don't need to low your goal, low your
dream same as people. When your life at the bottom, no people
will come to help you. You help people, be kind to people, but not
low your dream. You may be in the situation poor, homeless, working low wage,
factory, restaurant, surrounding with people low dream ..But.
You don't need to low your
dream, for people to Like you. Always dream big.
Become A Millionaire
Need:Take time 20y Work hard & Save
65,000$
/ year. Continuously 20y no lay off. Choose 1 or 2
1) Need Income or Salary
150,000$ / year
+
Work 20
years with 150K continuously. Continuously. No lay off. Not Having that Income 150K
/ y in 5y or 10y. Must Have 150K / year Income at least 20y.
After Tax and Living Expensive you have 65K -> 75K / y.
Why
150,000$? Here is
calculation:
1) High Income -> high Income Tax = 31%
=
46,555$ 2) Rent or
Mortgage = 12mo x 2200$ =
26,400$
- Ave Apt Rent in Toronto =
2200$ / mo - Usually High Income live
in high luxury Condos more expensive. If Mortgage even more
expensive than 2200$. Just Income Tax + Rent
= 72,955$ =
50%
or 1/2 Salary 150K ->
Tax, Rent must pay where ever country you live. Not Include: Then:Car Loan + Gas + Car Insurance + Car Maintenance + Phone,
Internet, Restaurant + Travel + Misc Spending, Utility, Misc Fees + Cloths +
Beauty + Hospital + Debt/ Loan
... You need around 150K / y to Save 65K ->
75K.
-> That's why even Professor 100K /y working 20y NoHome
in Toronto can't be a Millionaire. OR:
2) Just Buy Homein Toronto
(update Nov, 2020)
With high Deposit like
25% up.
Then Work hard 20y for Home. Already proven in the
past 20 ỵ, Toronto Home returns from
65,000$ -> 75,000$
/ year. 20 y ago, Ave Toronto Home =
217,000$.
Today, Ave Home is
A Million Dollar Home.
Detached Home =
1.5$ million
(2020),
Semi Detached Home =
1.3 millions
(2020)
Which means 20 y ago, if you Bought Home with
high deposit at least 25%, today you own your Home after 20y
working hard to pay off Home. Please
allow working hard at least 20y.
Is it too late, too
expensive Buy Home in Toronto now?-> NO.
People have been asking this question 20y ago.
Move in Toronto,
big City, not move out to small City, small Town.
Millionaire created in big City
not small town.
Said a Scientist Professor, who started
career in Toronto as Professor 20 y ago with Salary
100,000$ / year or 50$ / hr, Teacher = 12$
/ hr, Software Engineer 13$ / hr, Factory 5$ /hr, who
has been thru 20 y in Middle Class Toronto.
He has been following Data & doing Research
every month about Toronto Home since 2017.
A Scientist Professor says: "-
Please use "official Data",
which has been collected, analyzed, normalized by Scientists
in Real estate Industry collecting thousands of Data from thousands
of Property already sold
for that month. Thus Data changed every month.
For
example.
1)
Do not use nor listen to mouth:
*he said, she said Data, biased,
exaggeration,
lack of knowledge*, unknown sources Data, straight mouth data. ->
Exaggeration.
-> That's why Real Estate Industry has used One Ave Home Price
for a whole City.
-> Do not
Pick-up Homes in some expensive Homes few millions in some expensive Areas
like Toronto Downtown, New York Manhattan Downtown then imply as
Home Price for a whole City. There are hundreds of thousands of
Homes in a City. Each Home
is different even on the same street.
-> A Home Renovation could cost at least
50,000$
easily. Thus increases value of Home at least 50K.
For example, Open Space Architecture, Floor, modernized new
Kitchen, Living Room, extra bed rooms, bath room, basement ....
Just replace all 10 Windows,
Door cost
12,000$. Knock down walls, make
Open Space Architecture cost
15,000$. Replace
old dirty Floor,
you can hear sound when walking with New Quality Hard Wood
Floor could cost 8000$.
Modernize Basement with extra
Bed-Rooms, extend Bath Room more space taking shower, Kitchen ...
like an Apartment cost
25,000$. When buy new home, your
basement is empty like a laundry room. New
Painting all home's walls cost around
500$.
For example,
to compare Hong Kong, New York, Toronto, Scientist
can't pickup some areas of expensive home, condos,
property in Hong Kong, New York Downtown Manhattan, or
in some locations in Toronto, Condos = 3
millions, Home = 5 millions, not accuracy,
Not fairness distribution, exaggeration. They used Ave Home Price. -> From Ave Home Price, for easy
Evaluation, Calculation, Fairness
Distribution, Accuracy, good for Historic Data
-> We can see 1) Hong Kong, 2) Singapore had a lot rich
millionaires, richest in Asia. High Home Price than Toronto,
New York, London, Paris, Tokyo.
Without One Ave Home Price, scientist will have tens of
thousands of different Data in different areas,
tens of thousands of mouth Data,
he said, she said ...
Impossible to measure accuracy. Thus easy to exaggeration price,
pump up price by rumour, by mouth not
"Official Data",
false information, easy manipulation price,
not honesty,
lack of knowledge
No good for Home Market.
2)
Deposit 300,000$ for 20% to
buy a new 1.5 millions dollars Home, ignore
1.2 million dollars debt =
It's Bank Home if own less than 15 years.
Not A millionaire but A million Debt,
still nothing. Asset = 300,000$, Debt = -1.2 millions => Total Debt > Total
Asset. Gain = 1.5 mill not yet gain ->
Need work hard at least 35y
to pay for big debt = 1.2 millions dollars. During 30y
Lost Job -> Lost Home. While Lost = -1.2 mil in debt.
->
Exaggeration.
Human Being Behaviour is greed & fear.
They focus on Gain not Lost.
Scientist called this is "Behaviour Economics", even they are
professionals with University Degree.
Behaviour Economics:
is a study of individual's behaviour reacts to different economic
conditions, different economic policy, different economic outcome.
Behaviour Economics shows that most people behaviour "irrational" to
economic decision making. People would
always make optimal decisions that provide them with the
greatest benefit, feeling good, and satisfaction, even "irrational".
Human Beings in Behave Economics is
"Emotional" biased, unpredictable, Irrational thinking of
common people for
their own Benefit, their own Gain.
Understand Behaviour Economics helps Scientist
design Economic Policy, Economic Modeling,
Sales & Marketing ... and understanding "irrational
reactions" of individuals. Which
"Tradition Economics" can't help and explain because it is
"irrational". For example, hard to explain them
that it is "A Million Debt not A Millionaire"
. Behave Economics helps explain
Why? - Why Toronto Condos sales low only 9.2%? Why during
COVID-19, Toronto Home Price high in record ...
A Story:A man shows off girl friend his
1.3 millions dollars Home.
The girl is impressive. But actually, he bought a million dollars
Home with 10% Deposit =
130,000$. After marriage,
the girls understands his Total Asset = 130,000$ and Total
Debt = 1.2 million dollars to pay off for 35 years. She
has to work very hard 30 y or more to pay off this debt.
Lack of knowledge of Data, this
girl carries a big debt A
Million dollar Debt into
her future.
Because lack of knowledge of Data, the girl thinks
very simple minded.
People are poor because lack of knowledge
of Data
3) Need own home at least 15 years
+ Buy Home with high deposit at least 20%
-> Else still Bank's Home.
-> Buy a 500,000$ Home with 10% Deposit =
50,000$
-> Then think I have 1/2 millions but actually Have
only 50K.
Need work hard 35y pay off
450,000$
debt.
->
Exaggeration.
This situation when
low salary, low wage
thus buy home with
1) small deposit
like 5%,
10%.
Or when Buy Home with
2) big mortgage
like A Million Dollars Home
in Toronto. Thus extends mortgage payment to at least 30y,
35 years, 40y.
=> In Canada, after
Jan, 2018, Stress Test require at least
20% Deposit + Good Salary.
Because prevent people abandon home with small deposit
5% = 25,000$
for 500,000$ Home to pay off Home for
35 years, 40 years.
Money pay mortgage / month just paid for Interest.
When Interest rate goes Up -> Home Price goes Down.
They abandon their home,lost only 25,000$ Deposit 5%.
It happened during Financial Crisis 2008-09. In US still
Buy Home with small Deposit like 5%. -> People complains:
- Not fair for low
Income, working class. Thus only Rich Middle Class,
Millionaires who have a lot money Buy Home with high Deposit
like at least 20%. -> Buy 500,000$ Home need
100,000$ of 20% Deposit. Not
25,000$ of 5% Deposit. -
How could we have such 100K a lot of money Buy Home
with 20% Deposit? - Not fair.
-> Low Income, low wage work hard40y to have 100K to Buy Home. Too late, Home
already up triple. While a Professor only 5 years.
-> It is fair.
Because while people Buy A Home = 500,000$,
they pay 100,000$ for 20% Deposit.
While you pay only 25,000$ for 5%
Deposit. Not fair for people
pay 100K. When Home Price
Up, every one gets same Profit. But when
Lost Job, or Home Price down,
or Home cooling down, you abandon your home first,
lost only 25,000$-> Not
honesty. -> That's why
Financial Crisis happened in 2008-2009. While the
people pay 100K still keep home or lost 100K.
NOTE: We as Scientist is
to use Data and tell the fact, educate people Data, always
better.
Not about rich or poor, working class or middle class
or millionaire.
A
Story:
- A Professor 20y ago,
working 3 months = 15
years working of a
couple combined salary in Factory
for saving 25,000$
in order to Buy Home for 10% Deposit, when 20y ago, Ave Home
Price in Toronto =
217,000$.
https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html According to CNBC,Saving depend where you live
because of Living expensive, in Ohio, Columbus
take 12 years to save 29,000$,
in Chicago, Illinois take 17 years to Save
50,000$, in New York City, take 36 years to Save
109,313$ A Story:
I have seen a couple 9am -5pm, every day, are driving same
car go to work in the same Factory for 25 years just for
Home. No choice.
In Canada, US, people bring their relatives working in same
factory low wage. Save car, gas. Easy get job this way.
People get rich,
Millionaire because of Home. But also people lost Job, lost
Home, lost Family because of Home.
That's
why need working hard 20y paid off
mortgage. That's why Data tells only 250,000
millionaires, 2.5% in Toronto & GTA of population 9.6 millions,
while the number of A Million dollars Home
much more than the number of A Millionaire.
For example, in Toronto,
if own Ave Home Price = A Million
Dollar Home is A Millionaire then just
Toronto number of millionaires more than richest countries in Europe
like German, UK, Italy, France
in G7. A
Professor said:
-
Base on my own Assumption Theory, as an Economic Theory :Wealth creates Wealth.
In the next 5 years,
Toronto will be a lot millionaires, more than
Hong Kong, Singapore, New York,
London, Paris, Tokyo, Berlin, Rome ...
Toronto's population 9.6 m
more than New York City 8.5m.
And Ave Home Price in Toronto much higher than New York.
Wealth creates Wealth ->
A lot of rich people will afford high
Home Price, thus push Home Price higher, like in 2020, price up =
200,000$. The more Home Price higher, the more they will be richer
-> Thus "more Wealth created" -> Thus there is always Demand of
Home Buyers for higher Home Price. Middle Class Home Owners,
Millionaires, whose Wealth created more than 20y ago, accountable
for 55% of Home
Buyers in Toronto -> For example, a person started life = 0, Buy
Home 20y ago -> Now can afford 3 x Detached Home with high deposit =
20%, based on latest Data of
Home Price in 2020 -> Thus
there are always Demand of Home Buyers can afford high Home Price.
Thus pushing Home Price higher. When Demand up shift Right -> Higher
Price. According to my own
assumption Economy Theory "Wealth creates Wealth. Wealth effect."
-> That's why during
COVID-19, Economy no good, millions of people lost Jobs, very high
Unemployment -> But Ave
Home Detached = 1.5 million still a lot of people Buy Home,
sales up 65%, Semi up 81% this month.
No worry about high Home Price -> No Home Buyer. But worry about
down Home Price -> No Buyer.
For example, Like Toronto Market cooling during 2017. Home
Price down 33%-> But Less Buyers when Low Price.
This is called "Wealth
Creates Wealth" Theory
=When Price up.
People richer, more Wealth created -> More Demand, more Home
Buyers -> Demand shift Right -> Push Price higher.
Vice versa. When Price down. People less Wealth -> Less Demand shift
Left, less Home Buyers -> Push Price lower..
This "Wealth Effect" Economic Theory contradicts with "Tradition
Economist" that said :- When Home
Price high -> Less Demand of Home Buyers -> Demand shift left not
right -> Home Price will down. Right now, a lot Economist.
including Senior Economic from a Bank,
predicts Toronto Home Price will be lower.
This prediction has been since 20y ago. But Toronto Home Price keeps
double every 10y. ->
Data of Toronto Home Price in the
past 37 years also said so.
Home different with Car, Food,
other Items, when Price up, less Demand of Buyer -> Because Home
creates Wealth. More higher Price -> People have more Wealth created
-> More Demand of Buyer -> Push Home Price even higher -> No worry
if Home Price higher no Buyers.
Let Home Price adapts to Market
Conditions of Demand / Supply.
From"Wealth creates Wealth. Wealth
effect" Theory,
we can explain why other Cities in
the world, very hard to have high Home Price like Rank Hong
Kong #1, Singapore #2, Toronto #3, because they don't
have a lot of rich middle class, millionaires population as
potential Customers of Home Buyers like Toronto, Hong Kong,
Singapore, in order to afford Buy Home
Ave = A Million Dollars Home.
NOTE:
Toronto, 9.6 millions population, of
course Toronto includes GTA is its Districts, like other big City,
while New
York City and
its Districts around
8.5 millions
population,Tokyo 9.2
mil
population, Paris 2.1m, Berlin 3.8
mil,
London 8.9
mil. By
population Canada
only 37.8 millions, Toronto
is biggest city of population in the world.
See far -> You make money.
Become A Millionaire.
That's why I say need working hard 20y paid off mortgage for
A million dollars Home of Detached or
Semi, Ownership at least
90%. Lost job, Lost
Income -> Lost Home. You still need keeping Home, working
for Home at
least 20y.
The best Evaluation for Home is to base on latest Ave Home Price detached
or semi Data.
For example,
when we said:
"- Toronto home increased double in 10 -> 12 years. Or
Toronto Home Price up faster than salary. Or Toronto
replaces Vancouver in higher Home Price in all
categories, such as, Home, Condos, Town home"
-> At least we provide some Data. Others
just said straight from mouth, no Data.
Unfortunately,
there are people
who used to talk no Data straight from mouth -> Like to
hear, listen to mouth no Data.
-> Without
Data,the ability of"Problem
Solving", "Making Decision"
is no good, simple minded, the ability of Analytics
is weak, narrow, small minded, not accuracy, not see far.
Talk data please.
Not Scientist speaking, but Data speaking
itself the fact.
That's why dishonesty people don't like Data
For example; See the Story on the left -> How much
Data we provide in a short story.
-> What you said is not approved until you show some Data.
.
Having a lot Data, access to Data
doesn't mean understand Data. Need Data & Computer Scientist used
Data see far, and Make sense of Data.
In software design,
experience Data and Computer Scientists use Data to model Data for
application first, then design screen, back end, front end.... Which
means they talk Data Relationship, Data Modeling first -
the most difficult &
challenging, not Gui, screen,
look and feel, the easiest part. While less experience software
design talk about screen, look and feel, colors first, spend a lot
of time, because lack of knowledge in Data.
A Story:
That has some history about Toronto
Home Market, and common people who live in this lovely big city. How
They Buy Home back 20y ago.
- In Toronto, I know so many people, couples, families. As a Canadian Scientist, I understand,
know Toronto deeply because I wear
all kinds of shoes, poor, working lass, middle class, factory,
scientist, professor. I live in
Toronto many decades, an educated scientist, and come from very
poor, no privileges, started life = 0 in Toronto. Like
immigrants in new country, they worked so hard, low wage to make
ends meet. Can't back to school, no education, Factory is only place
they go.
I used to work in a car factory when young. Two people operated
a machine, that was cutting parts for car. One person ran machine. I
picked car part came out from machine, put in a wagon, arranged part
in order. Then tied them. I picked a part around 5 -> 10 pounds, must
be fast, put in a wagon. Or else parts dropped on floor. Thus
stopped machine, less parts making, no productivity. I could get
fired or blamed. It is called "fast pace environment" need
flexible like bamboo - Before me, a worker, 6ft strong, could not
stand for 3 months. Then he quit. After done a day going home, I disarrayed both psychically &
mentally even very young at 18. People work in factory all had car. They can't afford spend
hours taking bus back & forth, after a working day stress and
tiered. Need get up early in the morning and
on time. Few times late, you could be fired. Canada winter snow. Go
work by car better than take bus. Thus low wage and cost more,
hardly save money after living expensive.
- A young couple came Toronto in 1983
as immigrant. In 1983,
Ave Home = 105,000$.
- They started career working minimum wage around 4.50$ / hr = 720$
/ m. Both had car go work. Took 15y Saving
25,000$ for a small deposit 10% to buy a home in 1998.
- In 1983, Ave Home = 102,000$. But
need Save money for a deposit. -> Took them after 15y saving, in
1998, Ave Home = 217,000$ already double. Lucky they had saved
25,000$ in 1998 buy home with small
deposit 10% -> Today, July 2020, Ave Home =
1,017,320$ -> Now, they are
rich in mid 50s. According to CNBC,Saving depends where you live
because of Living expensive.
In Ohio, Columbus, less expensive City, in today money take
12 years to save 29,000$, in
Chicago, Illinois take 17 years to Save
50,000$, in New York City, take 36 years to Save
109,313$ , in Los Angeles take 43
year to Save 120,000$.
The couple live in Toronto 30 y ago
money, not today money, working minimum wage,
both have car, take 15 years to
save 25,000$ is good Saving 20y ago.
Even today, after 10y working, in Toronto a lot people
Have 0
still in debt.
->
https://www.cnbc.com/2019/06/11/salary-needed-to-buy-a-home-in-major-us-cities.html
A Scientist Professor said : -Toronto
Home seems double every 10y -> 12y.
Summary 37 years
History of Toronto Home.Go
back to 1983. In
1983, ave Home = 101,626$, in 1993, ave Home = 206,490 $
double in 10y. In 1998 Ave Home = 217,000$, in 2010 ave Home
= 431,276$, double in 12y, in 2020 ave Home = 1,017,320$,
more than double in 10y. In next 5 years, could
increase 1/2 its value Ave =
1,5 millions.
When Ave Home increased, it will pull all price of all kinds
of Properties increase, of course. See Data we show compared
to last year 2019 -> In 2020, Ave Home Price up -> Price Detached, Semi also increased.
You see just this year, Toronto
Home has increased 195,661$in one year.
And Home Sales
on record with such record Home Price.
How
many times we hear from Senior Economics, Bank Analysts,
Chief Economics said that Toronto Home Price will go down
since 20y ago. Just
recently, During
COVID-19 crisis one in 100 years, worst more than Financial
crisis 2008-09, they said Toronto Home will go down. During
lock down 3 months, sales down 70% in April, 2020.
But not only nothing
happened, but also Home Price, Home Sales went up in record.
Using Data, we proved that in the past 37
years thru many times economic recession, Home cooling down
few times, but Toronto Home going strong. It keeps double every 10y. Data
said so, a fact.
NOTE:
Professor David. D,
20y ago in 1998, his salary already 100,000$,
or 50$ / hr (minimum wage 5.50 $ /hr),
in today money around 200,000$. He
started career as a Canadian Scientist
Professor 15 years after the immigrant
couple started career in 1983. His dream as a
Canadian Scientist Professorhas done 20y ago.
After that, doesn't matter. See Cheque.
I want to share story
to young people get started life =0 in big city that
try your best.
Millennial in 26 - 39 year old,
you have only 13 years of
the Young, the Restless, the ambitious big Dream,
in order to make big after school, and start life = 0. Get
your dream done as soon as possible. In 13
years, you need to have good salary to get 2 biggest items:
- a Home and a Car to work. -> Which means you need to Save
and Have100K in 13 years, before 40s.
In big city like Toronto, need 200K to have Home and Car.
Then you work entire life 25y, 30y just for a Home.
Every day, people go to work just for home.
Without Home, they don't care much.
No Home is Nothing.
Home makes you rich, something, and your girl friend
happy.
Car after 10y is =0, garbage. To have 100K needs good education
->
Be a Scientist.
Before getting into Start-up, dream big to become
millionaire, billionaire -> Get a home first.
This millionaire couple on the beach buy home early 20y ago,
when home so cheap.
- Today buy home harder even minim
wage = 14$ / hr, a combined salary = 28$ /hr = 53K /y, harder
Buy Home + Stress Test, hard policy. Today, in Toronto required
salary = 130K /y + high Deposit not 10%. Because Home Price up so
fast than salary. 1998, 2000 mini wage = 5.5$ / hr -> 2020 = 14$
/hr, up 2.5x time. Home 1998 -> 2020 up 5x time, from
217,000$ in 1998 -> July 2020, Ave Home
= 1,017,320$. + Rent, Life Expensive up
fast by inflation -> Harder Buy Home than 20y
ago. -> 20 years ago, Buy Home so easy,
cheap, not hot, not many immigrants like today.
But, people didn't want to buy home because
they want to live mobile, move around. Or they live and sell home
less than 10y. Don't want to stick in one place for 10y or more.
In 80s, 90s, Interest Rate was very high, like around 7% at
least 28 times more than today 0.25%. No Stress Test, no
check Salary. People low wage buy home small deposit like 10%. Will
take 30y, 35y paid off home. Today, they rich because Home Price in
Toronto up so fast.
NOTE:
Immigrants after 5 years will become Canadian.
Canada is a diverse country. Canadian come from all kinds of
backgrounds. In 2016, Toronto51.5%
are non white Canadian
according to official Data from Gov Stat Can,
almost from Asian background.
In schools, in neighbours, at work, you will
see a lot of Canadian Asian background.
As Canadian, you work hard, pay taxes,
contribute to society like any Canadian.
NOTE:
Around 35% -> 40% of Immigrants come to Canada go to Toronto, most
from Asia -> From 2016 -> 2020, around 300,000 -> 350,000 immigrants
/ year to Canada. 60% are
rich Economic Immigrants. Then Family re-unification.
These immigrants will open small business, hire more people. They
Buy Home or Rent Home good for Toronto Home
Demand, which also helps rich Canadian Home Owners pay Rent by Rent
to Immigrant. Immigrants spend & invest in Canada
Economy. In Factory's floor,
almost 95% are working, where Canadian less likely to work in Factory. Toronto
is Head Office of big Banks & Financial Hub
and Manufacture Hub of Canada, contributes around 60% of
all Goods Export in Canada. -> Since 2016, around 120,000 ( -> 150,000)
immigrants / year x 4 years = 480,000
immigrants to Toronto. This translates to population of non
whites in Toronto to around 54%.
-> Other cities not sure you can rich
fast like Toronto. Today,
Toronto replaces Vancouver
where Home Price rank #4 in the
world, after Hong Kong, Singapore.
- I started career in 1998, 15y after the couple in 1983, as
Professor, 50$ / hr or 100,000$ / year. 20y ago, Teacher, 12$
/hr, Software Developer 13$/ hr, Factory worker 5.50$ /hr.
=> Look my cheque,
I just need working 3 months = That
couple * both combined income * working 15y saving 25,000$.
In Canada like any rich industrialized countries, G7 like Japan, US,
German. Just Income Tax 20% + Rent 35% +
Car 15% = 70% income. Not include Grocery, Phone,
Restaurant, Travel, Misc Spending. 20 year
ago, it is very hard to save 25,000$ after 15 year working.
Today, you work low wage, minimum wage, after 10y, how much do
you have?
- I think this couple could Buy Home
in Toronto,
because: they prepared 15 y for home, since started
working in 1983, buy home in 1998, when home cheap ave 217,000$. - If you started working in 2000,
even in 1998, as factory, or low wage, like this couple.
You prepared 17y behind them -> Very
hard buy home, because by the time
have Deposit, Ave Home Price =
500,00K, more than double not 217,000$. And the couple buy
home as couple combined income, not single one.
- Let's meet Professors,
people's Professionals very high income how they buy home in
Toronto. I know a lot of Professors. A friend of mine, who is
in early 40s at the time he bought home. He started career in 2008,
12 year ago, as Professor, salary a little above 100K, on Sunshine
List of public employees, whose salary >= 100,000$.
Not all Professors on Sunshine List >= 100,000$.
He said, just bought a home in Toronto in 2020, where
ave Home around 1 million. It took
him 12y for saving 200K
for 20% deposit for a million dollars Home in
Toronto. Thus basically, just buy home only 1 year ->
Still bank home. Need to own Home at
least 15 years before you said your Home. The couple
started in 1983 working in factory, buy home in 1998,
much richer, at least 4 x times
based on ave Home Price July, 2020 in Toronto, more than the
Professor who started career 12y ago in 2008, buy home in 2020. Why?
Because of Buy Home in Toronto 20y early. While the
Professor after working in 12 years have around 200,000$. Even the
Professor started career 15 y ago.->
We talk about Home in Toronto only,
other cities not sure.
A Scientist does research
about Home in Toronto said:
- " On average, Toronto Home returned on
investment (ROI) each year around 50,000$ -> 60,000$, equal to
salary 67K / year -> 82 K / year before Income Tax. This year
it returned on investment 2020 ROI = 191,416$.
In 20y it returns 1 millions.
"
Need Data & Computer Scientist who used
Data can see far and Make sense of Data. Don't use mouth data
from mouth. What you think is wrong.
-> 90% people think the immigrant factory couple
buy home 20y ago is poorer than
the Professor salary over 100K.
People who sell their home moved out of Toronto are dumb,
because lack of Data.
Having access to Data doesn't mean to
understand Data, you need Data Scientist to make sense of Data.
- Education made a big difference. Data made easy to understand
story than mouth
NOTE:
- Canada
millionaires population if compared By Number rank #6,
after US, China,
Japan, German, UK.
If compared By Population of 37.6 m, Canada rank #2
after US.
- More than 1/2 Canadian millionaires population live in
Toronto and rich by Home.
- Recently, a new
increase in Home values 20.1% up around
200,000$
(a lot)
in Toronto helps add-on extra tens of thousands of Canadian
become millionaires.
->
Says a Professor: -
This does not happens in any
country in the world, because its Home value down in
COVID-19. -
Canada is a compassionate country, like Child Benefit
850$ / month/ child.
Child Benefit helps rich, poor family, increase population,
until child 18 years old. Canada pumps
346 billions
Gov Fiscal Policy, Plus Central Bank's Monetary Policy
on Interest Rate very low on record
0.25%
into Economy, 37.6 millions population, mostly helps
average Canadian and Businesses, who used COVID-19
benefit packages money to pay Rent (home mortgage or
rent) 1st priority, then food, bills. Which helps the
Economy, G7's Consumer
Spending 65% of GDP, in US 70% of GDP,
more than combined: Gov
Spending + Business Spending & Investment + Export,
and Real Estate Industry Up across Canada, like
Ottawa up 22%. Because less
people travel abroad spending, this money continues
circulate within the Economy. Help local Community &
Businesses.
=> Home Price up across Canada, not just in Toronto add
on values of 200 billions dollars, also outside Toronto,
Home Price add-on 100 B into
Consumer Spending, the
main factor of Economic Recovery.
What is
Consumer Spending: is
millions of people,
citizens every day pay bills, pay mortgage,
pay taxes from purchases, from spending, buy home, buy
products & services, buy food, eat restaurant, travel ... is
Consumer Spending.
The more money in people's pocket
the better for Consumer Spending.
Using Gov Fiscal Policy like
CERB benefits COVID-19, and Central Bank's Momentary
Policy like low Interest Rate helps boost Consumer
Spending. -> Thus Economic Recovery and Increase GDP. In
good time, Consumer Spending depends much on Middle
Class. According to "Wealth
Effect Theory" the more
wealth middle class, the better Consumer Spending. Thus
better for Economy, GDP. In Canada Consumer Spending nearly
1.2 trillions of dollars each year on 37.6 m
population. Government, Businesses don't have such
money to spend, only the middle
class. Total Asset of Canadian Middle class could be around
6 trillions of dollars of wealth.
This Wealth mostly
created by Home, continue growth.
Middle Class is the
leading force in Consumer Spending. In Canada, the number of Middle
Class in few millions of people,
Ave Asset =
350,00$.
Which rank Middle Class Canadian number # 1 in the
world by Wealth, comes from Home, more than Singapore.
While the number of Millionaires in few hundreds of
thousands.
The Total Asset or Total
Wealth of Millionaires + Billionaires in
1 trillions dollars.
Total Wealth of Middle Class in
few Trillions dollars.
For example, Toronto = 200B, and across Canada = 100B,
from Home Price up add-on 300
billion dollars from Middle Class into Consumer Spending.
=> This is "Wealth
Effect Theory"
benefit for every one, rich, poor, money filter in
society, in businesses.->
Home Price up across Canada add on
300 B
into people's pocket. This money
created from thin air.
"The Wealth Effect Theory":
is an Economic Theory from a
Scientist Professor D.D. His theory came from background as
a Data Scientist, a Computer
Scientist, an Economist, and
many decades grew up
young, live in big city like
Toronto. His real
life experience
from started life = 0, poor, from bottom, Working
Class to Middle Class, from Factory to Scientist, Professor,
which shapes his view, his philosophy, helps him understand
better
You
need to Live Thru
to understand. No school teaches you this experience.
- Anyone wish to become millionaire
-> Work hard & Be it. No jealousy.
- Try your best. I try to help you
Become A Millionaire. Update: Oct 1, 2020
How Do You Know A Person Is
Millionaire? - You Don't
Know. 1) You can't check
bank account, their money, their asset somewhere.
-> Can't check hundreds of
thousands Millionaires this way. Dumb. Impossible.
2) You can't check outside:
He/She looking nice elegant
Cloths, only 500$, latest
luxury iPhone only 1500$, nice
Car, only 100K car, Cash
the way spending become poor, Travel, Eat, Beer...
Cloths, Phone, Car, Cash, Leisure
Spending = small stuff.
3) You can't listen to Mouth:
For example, a person said: "-
I buy this Home 1.5 millions dollars" -> But
actually, 1.2 millions Debt.
But you can Evaluate
Who Is A Millionaire. How? -> Home.
Become A Millionaire. 90%
Wealth, Asset of a
person is Home. Go back 20 years: Toronto Home
Returns On Investment ROI each year in 20y around
65,000$ -> 75,000$.
1)
If Buy Detached Home 20y ago, Ave = 217,000$ ->
2020 Detached = 1.5
millions. ROI = 75,000$ / year =
Salary 105,000$ / year.
After Income Tax = 75K/ year
2)
If Buy Semi Detached Home 20y ago, Ave =
217,000$ -> in 2020 Semi =
1.29 millions.
ROI = 65K / year = 85K Salary
/ year.
Buy
either
Detached or Semi Detached in Toronto with high Deposit at
least 30%, at least 20y
-> Become A Millionaire ->
Based on DATA in 2020.
But need few Conditions:
1) Home Location: Toronto,
Vancouver.
2) Home Ownership: at least 20
years
3) Home Down payment or Deposit
at least 25%. NOTE: Deposit 10% or less 5% takes 30y, 35y,
40y -> Still need work hard extra 10 y more.
Become A Millionaire.
Need: 1) Education: Give you
the Ability to make more Money in order to Buy Home. 2) Location: Live in big
City like Toronto where most
Millionaires are created.
Hard to Become
A Millionaire in small town.
All about Data:
is based on latest Home Data in Toronto 2020. Which helps
Data Scientist easy calculate. No
mouth.
As a Scientist Professor, I just update
Official Data, make sense Data, and educate people about Data. Use
it correctly. Do
not bias me - Just do my job as a scientist.I
don't invented Data straight from mouth. I got Data from most
trusted public sources, big corporations.
There are 260,000 millionaires
2.5% of Toronto & GTA population, and hundreds of thousands middle
class in Toronto & GTA in 9.6 m population.
" - I will continue
talking about Toronto Home, and other big 5 cities including
Vancouver rank#4 Home Price in the World. I have followed Toronto Home
Market every months since 2017 "
Professor David. D, 20y ago in
1998, his salary already 100,000$, 50$ / hr
(minimum wage 5.50 $ /hr), in today money around
200,000$.
Click see
Cheque NOTE: Superman is good and kind person. Any
one can be superman. I wear superman t-shirt make me feel young,
energy.
Update September 2020
Data released on Sept 5, 2020:
Average
Home Price for all
Properties in Toronto for month August, 2020 is:
$1,012,506 compared to
August 2019 =
$816,845 -> An
increase $195,661,
Home Price up 20.1%.
Home Sales
Up 40.3%
a record high, compared to last year Aug, 2019 when no COVID-19.
Home Price changed ups/ downs month to month not important, not
"real change". Compare year to year, take a year to see "real
change" more accuracy.
Toronto takes the lead, surpasses Vancouver
Home Price in all kinds of
Properties, Home, Town home, Condos.
In GTA
(Greater Toronto Area, districts around Toronto),
August, 2020, Home Price =
951,404$ compared to
last year Aug 2019 =
$792,134
-
In August 2020, Detached Home in GTA =
$1,023,987 -
Last month =$1,060,318.
Last year = $946,256
Important News:
The reason for Home Sales &
Home Price in record high
because:
1) As usually number #1: - The
Interest Rate still at 0.25% record low, borrowing cost to buy home
is very low -> Demand up
2) The Supply issues - still lack of Home Supply -> Supply decreased
3) The Demand up because in the time of COVID-19, people don't
travel, stay local. So they shop for home, and pent up Demand from
spring March -> May, when people stay home lock down during peak
COVID-19. Now they buy home. -> Demand up.
4) Canada pumps up 343 billions dollars into economy in order to support 37.6 m
small population of Canadian, Businesses all kinds of COVID-19
Benefit packages -> Demand up
Why Condos Sales is not much
only 9.2 % in Toronto?
- Because Condos usually
attract young buyers, who don't have enough down payment, salary
requirement to buy Home. They
work in Toronto or Downtown. In COVID-19 time, people are working
from home, from anywhere. And also because "The
condominium apartment market experienced a dip in sales and new
listings in the second quarter of 2020, as many potential buyers
moved to the sidelines as a result of public health measures taken
to combat COVID-19 and the resulting economic downturn"
->
People are afraid to live in Condos, where
they share with a lot of crowded people, up/ down in elevator, in
corridor with a lot people, crowded every day.
-> So they choose to buy home far away outside Toronto, where they
live outside Toronto, their home town but got job in Toronto. They
need 1) more space, avoid COVID-19 in Condos 3's C =
Closed Contacts, Crowded Places with many people, Confined Spaces,
still 2) work from home, 3) get good price of a Home
outside Toronto, suburban, around
600,000$,
same as Ave Toronto Condos =
673,714$
in Toronto.
This is pushing Home Price outside Toronto higher. However, Condos
rental is up 40%. The Ave Condos rent about 2083$ / month in
Toronto.
When not enough money for
down payment around
200,000$,
and salary requirement to Buy Home in Toronto around
130,000$,
either they choose 1) Condos Rent or 2) Buy Home out side Toronto,
work from home, more space, less worry COVID-19 living in CONDOS,
cheaper Home Price outside Toronto, same price with Condos in
Toronto. That's why you see big building office of the big banks,
big head office of corporations are empty in Downtown in Toronto.
Because people work from home ->
That's why Home Sales of
Condos in Toronto not much only 9.2%.
According to a Scientist Professor:
In general, when Supply is
low, and Demand is high -> Price is increased, higher, and vice
versa. 5 biggest Canadian
City's
Data released on September, 2020 for Home Data
August,
2020.
5 biggest Canadian
City
Data for Month August, 2020
Average
Last Month July 2020
Last Year, Aug 2019
Vancouver.
675,000 population, Tourism, Film Industry. Province BC
-> Rank #4 Ave Home Price
in the world
1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto
5) Shenzhen 6) Los Angeles 7) New York 8) London 9) Beijing
10) Paris
-> by CNBC
-These
Cities' Home Price down alot in COVID-19.
- Toronto
takes over Vancouver higher price in all categories of
property: Detached, Semi, Town Home, Condos
- Ave Home
$1,038,700
Home Sales
up 5.3%Comp Last year
Aug, 2019.
Ave Home Price Vancouver Not change, compared Aug,
2019. While Toronto Up 20% = $196,000.
-
Ave Detached Home =
$1,491,300
Price
up 6.6%Comp
Last year Aug, 2019
- Townhouse
$806,400
Price
up 4.4%
- Condo
$685,800
Price
up 4.5%
-
Ave Home =
$1,001,200
- Ave Detached Home =
$1,406,700
- Ave Townhouse
$771,900
- Ave Condo
$654,000
Montreal.
City of Province Quebec
2rd biggest City Canada after Toronto 1.75 millions population,
Montreal University, McGill University.
$440,000 (N/A)
$440,000
$367,800
Ottawa
1,000,000 population
or 1m, Capital
Canada.
- Ottawa Capital is civilized, quiet, good place to live, less
crowded, less all kinds of people like Toronto, mostly white color
Employees working for Government Offices.
- Affordable Home and Rental. A Semi
Detached Home in Toronto can buy 2 x Detached
Home in Ottawa
Ave Home =
$592,548
Price up
22% compared Last Year
Aug, 2019
Ave
Condo =
$383,640
Price up
24% compared Last Year
Aug, 2019
July, 2020,
Ave Home =
$560,836
Ave
Condo =
$352,847
This Detached Home in Ottawa 4 bed-rooms 529,500$
->
Click see bigger photo
Calgary.
Province Alberta
1.26 millions population, Canada Center Oil Producers.
Ave Home =
$420,800
Price down
0.6%
Detached =
$488,100
up
0.8% Y/Y
Semi =
$393,700
down 2.1% Y/Y
Condos (Apt) =
$247,100
Last month Ave Home =
$466,357
Kitchener- Waterloo
234,000
population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black
Berry, Nortel, Head Office of Google Canada ...
$634,409
up 21% compared to last year.
- Detached Ave =
$734,427
Price up
18.9%
- Semi =
$535,300
- Condo =
$386,972
Last Mo
Home Ave =
$639,814
- Detached Ave =
$745,149
- Semi =
$522,782 - Condo =
$392,770
Average
Home Price for all
Properties in Toronto for month July, 2020 is:
$1,017,320 compared to
July 2019 =
$825,904 -> An
increase $191,416.
Home Sales
Up 50% compared to last month
June 2020,
30% Up
compared to last year July, 2019 when no COVID-19.
Home Price changed ups/ downs month to month not important, not
"real change". Compare year to year, take a year to see "real
change" more accuracy. Toronto now takes the lead, surpasses Vancouver
Home Price in all kinds of
Properties, Home, Town home, Condos.
In
July most important is
Home Sales big increase. Detached Sales
up 27.5%, Semi Sales up 36.3%, Town Home Sales up 20.2%. Only Condos
Sales up 4.7%. In GTA, Home Price =
943,710$ compared to
last year July 2019 =
$806,971
July month usually sales slow because people
travel. However this month
July post COVID-19, 1) Homebuyers
and sellers have put off summer travel,
and also travel still limited in the
time of COVID-19, are playing
catch-up on their housing plans, after the City of Toronto entered
Stage 3 of reopening from COVID-19 restrictions. 2)
Rapid increase demand from the COVID-19-related no activities in
April and May 3) Competition between buyers continued to increase,
push Home Price high. 4) Plus
other conditions in June, 2020, such as, Low Interest Rate, Supply
issues, many big COVID-19 Benefit packages pump in the Economy
boosting Consumer Spending...
Who had the money to buy Home
in Toronto?
Is it: Foreigners, Immigrants, Millennial (26
-> 39), Middle Class and Millionaires? -
1) 59%
- It is Canadian middle class and millionaires of Toronto,
who bought any home 20y ago, with high Deposit at least
30%, depend on high salary.
Factory, low wage workers Deposit only 10% will
take at least 35 years own home,
still 15 years more to pay off mortgage.
Wealth creates wealth take 20y. Go back 20y, a middle
class who bought home 20y ago, with high Deposit, now can afford 3 x Detached Homes each 1.5
millions dollars, with 20% Deposit =
300,000$, based on latest Data in 2020. Toronto has around
260,000 millionaires, more than richest countries in Asia like
Singapore 183,787 millionaires, Hong Kong 170,000 millionaires.
They buy 2nd Homes, or help,
invest in young people, in first time home buyers.
2) 21%
- Immigrants: Canada receives more Economic Immigrants
60% of around 350,000 / year immigrants. 1 in 5 Homes or 20% Homes bought by
Immigrants. They settle about 3 years before buy home. Most of them
buy home with Cash or Saving back their home country. Some immigrants take a whole
family at least 3 members buy home,
parents, children, bros, sisters, relatives. That number 21% suggests
people new to the country are contributing "significantly" to real
estate demand.
3) 18%
- Millennial (26 -> 39):
First time Home Buyers. It takes 21 years
of full-time work for the typical young person
to save a 20 per cent down payment around
200,000$ on an
average priced home above 1 million dollars, in Toronto &
GTA." - An statistics shows that around 18% young people buy home in
Toronto, where very high Home Price compared to the rest of Canada.
By the time Millennial (26 -> 39) has
200,000$ for Deposit 1 million dollars Home Detached or Semi, He/
She is already in 40s or 50s, and Home Price will not the same
as 20y ago. Too late Buy Home. A Professor
said:- Today, My salary around
100,000$ about 50$ / hour (minimum wage 14$ /hr) including
bonus, over time. I am on so
called Gov's sunshine list of public employee who paid at
least 100,000$, of top earners around 1% of public employees. After
Income Tax, Living Expensive ... I could save 200,000$ in 12 year if
working continuously no layoffs.
NOTE: Not all Professors on sunshine list.
Canada Capital Ottawa where mostly public
employees working has around 4644 employees making 100,000$
or more on sunshine List in 2019. The Author of
this Blog David. D, 20y ago in
1998, his salary already 100,000$, 50$ / hr
(minimum wage 5.50 $ /hr), in today money around
200,000$.
Click see
Cheque
Canada Capital Ottawa where
mostly public employees working has around 4644 employees
making 100,000$ or more on sunshine List in 2019.
4) 2% - Foreign buyers account for about 1.8 per cent
of total home purchases in the GTA (Toronto plus the regions of
York, Peel, Durham and Halton) since the tax 15% was imposed only on
Foreign buyersin April 2017.
Before foreign tax 15% April 2017, around 5% -> 10% of Foreign
Home Buyers in Toronto & GTA
In conclusion:
It is Canadian middle class and millionaires of Toronto Buy Home 57%
- The rest Immigrants = 21%, Millennial 20%, 2% Foreigners
In GTA, Home Price =
943,710$ compared to
last year July 2019 =
$806,971
-
In July 2020, Detached Home in GTA =
$1,060,318 -
Last month =$1,027,634.
Last year = $929,633
-
A difference
Detached Home in GTA with
with Semi Home Toronto =
$120,696
These are official Data for Toronto Home Price already Sold,
not Listing Price.
Update July, 2020
OMG
(Oh My God). Toronto Home just now released official Data in July,
2020 for June, 2020.
Average Home Price for all
Properties in Toronto for month June, 2020 is:
$1,022,138 (1st
time breaking barrier Ave in a million dollar)compared to
June 2019 =
$915,785 -> An
increase $106,303.
Home Sales up
89% compared to last month
in new normal COVID-19, only
1.4% down
compared to last year June, 2019 good time when no COVID-19.
- This is the 1st
time Toronto Ave Home Price has broken the barrier into
a millions same as Vancouver is
Ave Home Price 1,025,300$.
Specially during COVID-19 pandemics.
While all kinds of Industries,
Sectors, Businesses, People line up for financial support from
Government, only Toronto Home Market is going strong during
pandemics COVID-19. Today, it adds on around 250 billions dollars to
Middle Class, which will help lead in Consumer Spending out of the
worst recession.
During pandemics COVID-19,so many analysts said that
Toronto Home Market will go down like other Industries,
specially the worst lockdown COVID-19 very scary, people stay home,
Home Sales down like 67% in April.
But Home Price nothing happened. As we already explained
why. Toronto Home Price stable and strong.
A big jump for Detached =
1.52 million
dollars, price over Detached Vancouver. Big winner Semi jump
232,409$, Toronto Semi =
1.29 millions,
smaller price gap between Detached vs. Semi.
Currently market is hot, multi offering.
Home Average
For Month June, 2020
Last Year June, 2019 **
Compared to
June, last year 2019
Last Month May / 2020
Detached Home
$1,523,770
Over Detached Vancouver
60,000$
$1,332,639
Up
14.3%,
$191,131
Before COVID-19, In Feb, 2020 Detached Home =
1.48 millions. We could see end of 2020
= 1.54 millions At peak, Detached Home in Toronto =
1.56 millions dollars
$1,422,273
Semi-Detached Home
$1,287,832
$1,055,423
Up
22%,
$232,409
(this month big winner - Post
COVID-19). Before COVID-19, In Feb, 2020 Semi-Detached Home =
1.20 millions. We could see end of 2020
= 1.31 millions. At peak, Semi Detached Home in Toronto =
1.33 millions dollars
How many years do you work hard to have
200,000$ ? -> 20y, 30y
$1,143,322
Town Home
$855,339
$810,039
Up
6.2%,
$45,300
$794,626
Condos
$672,465
$636,606
Up
5.6%,
$35,859
$674,028
- In GTA
(Districts Around Toronto)
- Include: Brampton,
Vaughan, Scarborough, Mississauga, Markham, Richmond Hill, Peel, Pickering,
Ajax ...
see Toronto Map
click here
-
In June 2020, Ave Home Price in GTA (Districts Around Toronto) =
$930,869. Compared to last year =
$831,882.
-
In June 2020, Detached Home in GTA =
$1,027,634.
Last year = $922,367 -
A difference
Detached Home in GTA with
with Semi Home Toronto =
$260,198
5 biggest Canadian
City's Data released on July, 2020 for Home Data
June,
2020.
5 biggest Canadian
City
Data for Month June, 2020
Average
Last Month May
Last Year, June 2019
Vancouver.
675,000 population, Tourism, Film Industry. Province BC
-> Rank #4 Ave Home Price
in the world
1) Hong Kong 2) Singapore 3) Shanghais 4) Vancouver & Toronto
5) Shenzhen 6) Los Angeles 7) New York 8) London 9) Beijing
10) Paris
-> by CNBC
-These
Cities' Home Price down alot in COVID-19
Ave Home
$1,025,300
up
3.5%Comp Lst year --
Ave Detached Home =
$1,464,200
up 3.5%Comp
Lst year (Lst mo = $1,456,700)
- Townhouse
$792,700
-
Condo
$680,800
(Lst mo =
$686,500
)
up 3.6%Comp June, 2019
$1,028,400
$1,001,800
Montreal.
City of Province Quebec
2rd biggest City Canada after Toronto 1.75 millions population,
Montreal University, McGill University.
$385,500
up
$17,700
compared Last Year
$398,200
$367,800
Ottawa
1,000,000 population
or 1m, Capital
Canada.
- Ottawa Capital is civilized, quiet, good place to live, less
crowded, less all kinds of people like Toronto, mostly white color
Employees working for Government Offices.
- Affordable Home and Rental. A Semi
Detached Home in Toronto can buy 2 x Detached
Home in Ottawa
$489,182
up
13% compared Last Year
Detached Homes Ave =
$540,000
Condo =
$348.458
- N/A -
This Detached Home in Ottawa 4 bed-rooms 529,500$
->
Click see bigger photo
Calgary.
Province Alberta
1.26 millions population, Canada Center Oil Producers.
$405,800
down - $14,600 comp Last Year
- Detached Home: $479,833
down -0.32% year-over-year- Semi:
$385,300
down -1.47% y-over-y
$410,400
$419,900
Kitchener- Waterloo
234,000
population, Hi-tech, Start-up, Canada Silicon Valley, Waterloo Univ, Head Office of Black
Berry, Nortel, Head Office of Google Canada ...
$601,285
up 12.8% compared to last year.
- Detached Homes Ave =
$698,376
- Semi =
$504,816 - Condo =
$372,392
Important News this month July,
2020 - What are main factors
for Toronto Home Market Home Sales & Home Price jumps and over
asking Price this July during COVID-19?
1) Record low of Interest in history,
and stay low for a very long time at least 2 years because of
COVID-19. Bank of Canada Governor Tiff Macklem's reassurance that
interest rates will remain low for at least two years.
2) Low on Home Supply, such as,
Home Listing Sales, Home Construction.
3) People middle class high income don't lost
job, no affect by COVID-19. A lot people get job back, back
to work thank to Canada Wage Subsidize Program
that pays 75% salary by Canadian Government until end of
mid December, 2020. These people
have not damaged by COVID-19, take advantages on record low interest
Buy Home. The people are self-employed, low income, low wage most
damaged, most lost jobs by COVID-19. Toronto also has around 260,000
millionaires, more than richest countries in Asia like Singapore
183,787 millionaires, Hong Kong 170,000 millionaires.
4) Huge Government finance support for
all kinds of COVID-19 benefits packages pump into economy - worth
about 350 billions dollars on 37.5 millions population - And
Loan deferrals for home owners affected
by COVID-19 by banks
have bolstered home prices.
Top 10 Average Home Price in the world.
1)
Hong Kong
2) Singapore 3) Shanghais 4) Vancouver, Toronto
5) Shenzhen 6) Los Angeles 7) New
York 8) London 9) Beijing 10) Paris
- Canada has 2 Cities 4) Vancouver, 4)
Toronto now in Top 10 Cities.
->
Most top 10 cities has seen Ave Home
Price dropped during COVID-19, but not Toronto.
If just use Ave Home Price Detached & Semi in
Toronto = (1.52 m + 1.28m ) / 2 =
1.4 millions dollars will put Ave Home Price in
Toronto only after Hong Kong ahead Vancouver.
Because Semi Home in Toronto more expensive than Vancouver
less than 1m.
Bottom 5 Cities behind
Vancouver & Toronto in Top 10 Cities highest Ave Home Price in the world:
5) -Shenzhen $680,283 6) -Los Angeles
$679,220 7) - New York
- 674,500$ 8) - London
646,973$ 9) - Beijing $629,276 10) - Paris
$624,299 --> Data from CNBC
Update June, 2020
Toronto Home back, reopen after
COVID-19 Lockdown. So do we.
Toronto-area Home Sales down
plunge 54%
in May, but Home Prices continue to rise — Why?
- Will explain later.
Toronto Real Estate after COVID-19 Lockdown
reopens in June, 2020 (for month May, 2020) compared to Data
in April, 2020 (for month March, 2020) pre COVID-19 Lockdown,
you see all types of Homes down, but not
much. But if compared Data of June, 2020 to last year
June, 2019, you see, not only not Down, but
Up. Why? -> We will explain later.
Why does Home Sales demand decrease 54% But
Home Price increases?
A Scientist Professor explains:
Toronto Home Market During COVID-19 pandemic
Home Sales down on a
Demand curve when the demand shift left
D1 ->
D2decreases, because Home Sales during COVID-19
down 54% in May, 2020 -> The Home Price will
decrease
from P1 -> P2. While lower Quantity Home Supply reduces Q1 ->
Q2
However Home Listing Supply for
Sales down on Supply graph, when the Supply shifts to the
left S1 -> S2also
decreases, because Home Listing for Sales down 53% in May, 2020.
During COVID-19, less people want to sell
their home, Open House -> The Home Price will increasefrom P1 ->
P2. While lower Quantity Home Supply reduces Q1 -> Q2
These Home price movements are traced out by left shifts of the Supply &
Demand curve and they continue until the new market equilibrium is
reached.
Since both Home Sales
Listing Supply reduced 53% and Home
Sales Demand reduced 54% not much
different change -> As a result Both Demand & Supply are trend
down in
balancing. Thus Home Price will not decreased, stay the same
-> Price Equilibrium not down but slightly
increased if compared to last year.
Both Home Sales and Home Listing trend down in
balance.-> Toronto Home Market OK remained balanced
during COVID-19.
Who has money to buy home in COVID-19 time?
In new normal COVID-19
time, most people low income less than 20$ / hr lost jobs
very much more than people work more than 30$ / hr,
high income, less lost jobs.
These high income people still have job, no affect by COVID-19,
will buy home. They take advantages
of low Interest in record history,
while low Supply => Push Home
Price higher in post COVID-19 reopen. The beginning of bidding wars,
bully offers, and buyer and
seller confidence have already returned to the market.
If you think COVID-19 will make Home Price going down, and less
demand for home in Toronto -> You are
wrong, not in Toronto. A lot rich Middle Class people, millionaires
in Toronto are waiting for this opportunity
-> Which will help economy recovery
out of the worst recession from this *huge* Consumer
Spending. Not few hundreds, not few thousands spending, but
few hundreds of thousands dollars
Consumer Spending filtering
into Economy. Consumer
Spendingin Trillions of dollars,
accounts for 60% -> 65% of GDP in most Industrialized Countries,
US = 70%, G7
(GDP Canada = 2 trillions dollars). Consumer
Spending more than Gov Spending + Business Spending +
Export combined.Although Gov just extends Benefits package like CERB
(Canadian Emergency Relief Benefit) package
2000$ / mo / person lost job -
8.4
million Canadians applied for CERB as of
June 4.
Still better than US 40
m, as in June, UE rate = 14.7% highest since Great Depression vs.
13.7% in Canada from 5.5% in Feb/2020. In Japan, big surge young people homeless. -
People applied for CERB not all full-time workers, including:
part-time, self-employed, season workers, Uber/ Taxi drivers...-
Around 15.5 millions Canadian full-time
working from 37.6 millions population. Wage Subsidize Program
support 75% Salary / employee,
Rent Subsidize Program 75% / business, Students Benefit Subsidize
Program 1250$ / mo / College student
from May -> August, for extra 2 months until end of
August, and many other Benefit Programs. In
total = 6 months, from March/ 2020
-> June/ 2020 -> Extends extra 2 months till End of August/ 2020.
Government Spending big deficit may not afford
for more Benefits package.
Now, reopen, Gov may
end gradually all COVID-19 Benefits end of August/
2020, except Child Benefit still there before COVID-19. The
same as other COVID-19 benefits provided by Provinces, Cities across
country ran out of money.
Mayor of Vancouver city said
Vancouver ran out of money,
same as Mayor of New York city
said so on TV CNN
New York
ran out of money.
The reason Gov spend money on COVID-19 Benefits
to support citizens in hard time,
and it wants to boost Consumer Spending. ->
It may continue supporting all COVID-19
benefits for sometimes.
Update: Canada Minister of Employment said: The
extend 8 more weeks or 2 moths is final for people on
CERB, unless there is another 2nd wave of COVID-19. However,
other Benefit Programs like: Canada Wage
Subsidized Program support 75% salary for Business's
Employee, still continues to keep people employed, helps businesses
reduce payroll, stay open. Only CERB (Canadian Emergency Relief
Benefit) for 8.4 millions ends in end of August.
Good to know to prepare your finance in
COVID-19 time.
Update June 19, 2020
Toronto-area Home Sales down
plunge 54%
in May, but Home Prices continue to rise — Why?
- A Scientist Professor Explains.
Home Sales is
Demand curve.
When it Shift Left Because
Lower Home Sales 54%, like May, 2020
Demand: D1 -> D2 -> Home Sales Down. Quantity: Q1 -> Q2 = Down
Price: P1 -> P2 = Lower Price
Home Sales Listing
is Supply curve.
When it Shift Left S1 -> S2 ->
Because Home Listing Down drop
53.1%, like May, 2020
Quantity: Q1 -> Q2 = Home Supply Down
Price: P1 -> P2 = Price Up
Price Equilibrium, not
changed much, when both Demand & Supply down
in balance
As a result of both Home
Sales Demand curve down
54% and Home Supply
Supply curve also dropped 53%
= Balancing
-> Home Price is Equilibrium.
Price not down much
COVID-19 has no affect on Toronto
Housing Market even hotter.
Houses are Selling for Over Asking in Toronto at an
Above-Normal Pace
the highest percentage
since 2016.
For the week ending June 14,
freehold homes in Toronto were selling over asking at a
44% clip, the highest
percentage for this time of year since 2016’s record-breaking
summer. While all kinds of businesses went
down 0, COVID-19 has no much affect on Toronto Home Market, which
makes people more confidence return to market.
Very low Interest rate helps
currently = 0.25% because of
COVID-19, until at least end of 2021. Even lower than 2008-09
Financial Crisis = 0.5%.
Before COVID-19 = 1.75%.
Interest Low helps 1) Lower mortgage payment 2) Cheaper money
to borrow. By cutting Interest -> Cheaper loan.
The Fed or Central Bank is pumping cheap money liquidity into market to
stimulus economy. 3) Reduce impact of Stress Test thus
easier qualify Buy Home.
NOTE: Stress
Test introduced in 2018, by design for the Banks to test by
increasing rate extra 2% on current Rate, if a person to qualify for
a mortgage to buy home, pay mortgagee if when Interest increases.
Thus not abandon their home like happening during Financial Crisis
1008-09. Now interest so low. Likely Interest will not increase in
future for a long time. Stress Test seems not
much impact on person to qualify for a mortgage.
-> Thus make it easy qualify to Buy Home.
- Before COVID-19, Stress Test made it difficult to buy home, thus helps
reduce Demand of Home Sales and control price not jump too much high
in hot market like Toronto.
In Canada, a family couple with 2
children, how much they will get in COVID-19 benefit for 6 months
from March -> End of August?
(2000$ x 6 mo ) x 2 adults + 2 children x 850$ x 6 months Child
Benefits = 24,000$ + 10,200$ =
34,200$ for 6 months benefits.
For sure, more than US, Japan, most Industrialized Countries. After 6 months COVID-19
benefits maybe will not continue. Only Child Benefit stays for until
child 18 year old. By design, CB supports Canadian family rich or
poor, and increases population. Money direct
deposits to mother's bank account.
Update May, 2020, June, 2020
continuing
Using Data fight COVID-19
- Update June, 2020 - June 1,
2020: PM of Canada Justin Treadeau said that "-
Government begins collect Data on COVID-19 " ->
Collect Data on Testing,
Treatment as we have been suggesting in early May, 2020. - You
need to design a computer system (DBMS) that
CANDO (Collect Data, Analyse Data, Normalise
Data, Design Data, Organize Data). Which is very important,
because on a war with COVID-19, Collect Data is like
Intelligence
in real war, which helps make better
decision to protect, defence, and win the battle.
But make sure privacy is also
important to prevent discrimination, racism and discrimination on economic
opportunity, job discrimination. For example, recently, we see anti-Asian in
Vancouver. Currently, GTA accounted for 76% of new infection active COVID-19
cases in Toronto, Ontario.
NOTE: Toronto is capital of Ontario, GTA is Districts around
Toronto. Ontario is biggest Province of Canada, 14 m population.
Nearly 70% or 9.5 m Ontarians live in Toronto & GTA. For example, Province
Ontario active cases = 4,110 as May 27,
GTA = 3171 = 77%
of all active COVID-19 in province Ontario, Ottawa, Winsor,
Hamilton = 509 cases. Data makes people live in Toronto, and other areas
feel better, and go out spend money in their local
businesses, tourists travel, restaurants.
Thus businesses in safe areas, like Toronto, Downtown
reopen likely attract more people from other areas. Data also
helps make decision where, when
locations, areas can open soon. More Resources,
Testing, Tracing, Contain, Education on hot zone like GTA. A
Scientist Professor says.
Why GTA has more COVID-19 cases than in
Toronto and other areas in province Ontario?
Because GTA
population or Districts around Toronto around
60% are immigrants, people diverse background, working class, live in
high rise crowded Buildings. Their jobs in factory,
front-line workers in hospital, hard condition low wage jobs,...
not in office,
their living conditions and working conditions make them
vulnerable to get infection COVID-19. This also happens in US, Blacks,
Hispanics, Mexicans got mostly infection COVID-19 by population. For
example, Chicago 3rd largest city in US, only after New York 8.6m, Los
Angeles 3.99m, Chicago population 2.7 million.
Black only 30% of population, but 70%
COVID-19 cases are Blacks. GTA is around 40% of Ontario's population, but
77% of COVID-19 cases. So Data ratio is very much the
same Data of Black 30% population but 70% COVID-19 cases.
Using Data fight Racism and Inequality
efficiently and effectively
- Update June 2020
Racism begins with hate, jealousy,
fear, and intolerance. Racism and
Inequality are real not just in
policing but also in business, company, institution, in Government that
affects people of diverse backgrounds, blacks, minority, new Canadian,
ethnic Canadian to make ends meet, economic opportunity, job opportunity,
promotion, job security ... After the death of black man George
Floyd, which sparks huge demonstrations to fight racism in many countries,
including Canada, happening in many cities like
Montreal, Toronto, Vancouver ...
The question is after all demonstrations are gone, systemic
racism, hidden racism are back.
So how can you fight racism effectively? -
Use Data. But how?
=> Need Government to introduce Equality &
Opportunity Law that makes Government Agencies, Schools, Businesses,
Companies to have statistics &
publish statistics
about the % Presentation of Minority, Women,
and encourage to meet a
Standard of Equality
based on racial
representation in Community.
A lot of white people reject racism existing, look at Data.
People don't use data but mouth, tongue.
-> That's why
need Data.
For example, In Toronto around
52% of Toronto population are Ethnic,
diverse background, non whites, according to latest Data from Statistic
Canada (StatCan), in GTA around
60% are
people in diverse backgrounds, non whites,
9% are blacks in Toronto & GTA.
75% of minority ethnic population are
30% from South Asian, Indian descents,
like Indian majority, Sikh, Pakistan, Bangladesh,
Tamil .. and 45% from East Asian,
Chinese descents like Chinese majority,
Japanese, Vietnamese, Korean, Philippines.
Most Economics from Banks say
Toronto Home Price is high price because Immigrants work hard and Buy Home.
Canada receive around 350,000 / year, 60% rich Economic Immigrants.
These immigrants first landed just asking to Buy Home.
Canada needs more immigrants to drive Economy, produce
Products & Services while its population 37.6 m is smallest in G7 and
getting older. Take 10 years for Canada to reach 41
millions, still very low compared to G7, Japan
127m, German 84m, UK 68m, France 70m.
Around 4 immigrants work on factory floor -> Create a
job for 1 Canadian works in Office.Toronto is center of Financial Hub,
big Banks, majority middle class whites in office, and
Manufacture hub of Canada. The
Manufacture Hub, majority immigrants that needs "hands on" to produce
more than 50% of export Goods, not
Services. Canada Export in total = 450 Billions dollars, GDP 2
trillions dollars in 2019 with population 37.5 m.
Child Benefit for a child born in
Canadato 18 years old cost around
120,000$ / child
until 18 years old. This child
is not productive yet at 18. Bring an immigrant come and produce right away,
not cost anything. If immigrants don't buy home, they rent Home in Toronto,
which helps middle class home owners in Toronto pay mortgage.
-> Then immigrants Buy Home, mortgage, which creates more white color jobs
in office for Financial Hub, for Banks, Financial Institutions. But it
doesn't reflect in Employment and Opportunity by population in
Government, in Schools, in Corporations, in Businesses.
For example,:
In Canada, usually after 5 years, Immigrants and their children become
Canadian, called: racialized Canadian, ethnic
Canadian, entitle all Rights, under Charter of
Rights as Canadian. In history, except Indigenous Canadian,
all Canadian are immigrants from another country.
For example, long time
Canadian hockey - Canadian national
sport - pundit legend Don Cherry
has been fired after more than 40 years working, by Sportsnet for on-air
remarks about what he believes are new immigrants not
honoring the country's fallen soldiers.
The statement from Bart Yabsley, Sportsnet President, said: “-
Sports brings people together — it unites us, not
divides us.
Following further discussions with Don Cherry after Saturday night’s
broadcast, it has been decided it is the right time for him to immediately
step down. During the broadcast, he made
divisive remarksthat
do not represent our values or what we stand for."
The NHL league (National Hockey League) said in a statement that Cherry’s remarks were “offensive
and contrary to the values we believe in.”
Mississauga Mayor Bonnie Crombie, who is Ethnics Ukrainian background,
called his comments “Despicable. We’re proud of diverse cultural heritage and we’ll
always stand up for it.”
Calgary Flames head coach Bill Peters said: -
“I saw it (Monday) and we talked about it.
Our country is based on inclusion.
We have a very diverse country. We
have a wonderful country." - Minister of
Defence Canada,Harjit Sajjan, who is Sikh background said:
- Last night, Don Cherry made comments that are
wrong in describing Canadians' remembrance of our veterans.
His remarks don't recognize the contribution
of Canada's diverse communities. I
hope we can turn this into a moment where we can learn about about all who
have served" - Sponsor beer Budweiser
also weighed in, that they respected Sportsnet’s call.
“The comments made Saturday on Coach’s Corner were
clearly inappropriate and divisive, and in no way reflect Budweiser’s views.
As a sponsor of the broadcast, we immediately expressed our concerns and
respect the decision which was made by Sportsnet today.” - See
https://nationalpost.com/news/canada/don-cherry-fired
NOTE: Immigrants who
are legally in Canada. Can work, but not Canadian yet. After 5 years, they
applied for Canadian citizen. New Canadian
who are Canadian, residence in Canada less than 10y.
Ethnics Canadian, who have been
here for long time like at least 25y.
Don't know whom Immigrants Mr. Don Cherry was talking
about. Did he mean only Whites are Canadian?
-> Sportnets, NHL, Minister
of Defence, Mississauga Mayor, Budweiser, the girl staff in South East Asia
Doctor Clinic (see
video below)... are examples
of people who speak up against racism.
For example, Pres
Trump used to complain most immigrants come to US from Mexico, bring drugs,
gangs... But Immigrants come to Canada from Asia,
specially from South Asian, Indians descents
like Indian (majority), Sikh, Bangladesh, Pakistan,
and from East Asia Chinese descents, like
Chinese majority, then Japanese, Vietnamese, Korean,
Philippines. These immigrants, stay in Canada around 5 years will
become Canadian citizens. When coming to Canada, rich Economic Immigrants
open business. While poor immigrants work in factory to make ends meet. So
in general, the majority of immigrants to Canada is Indian and Chinese, and
then Indian descent, Chinese descent. Canadian immigrants work hard low
income. Their dream is to buy home.
Each immigrant community has its own small business
characteristics, such as, Indian community open Tim Horton's
coffee franchises, Chinese community open restaurants, Vietnamese community open
Nails & Salon, Korean community open Variety, Convenience store...
For example,
a Canadian Scientist Professor says: - When I
first started life = 0 in Toronto at 18 years old. I worked back & forth
in many factories in Toronto in 1990s. I rarely see Canadian born on
factory floor. Then I quit factory back to school. Decades later, in
2010s, I worked as Software Engineer for many big and small
manufactures, I still don't see Canadian born on factory floor,
although I see immigrants from Europe like Eastern Europe, Turkey. On
factory floor, 95% diverse racialized Canadian from Asia. In main office of many
Companies I worked, majority 80% are Whites. I teach few schools
in Toronto & GTA, where a lot of diverse students 40% - 50%, and
diverse population in Toronto & GTA,
in main office, Staff, Teachers, Professors, Administrators, majority like
80% are Whites, not inclusive work force. Why not see
young Canadian born (not just white) work in factory? -
See a lot young Canadian born work in restaurants, food services, but not in
factory because factory is hard work. The environment is called "fast
paced environment", hard for people tall, heavy move
fast, need fast, flexible, like bamboo, standing all day,
parts coming out from machines continually.Factory starts minimum wage.
How about Toronto neighbours? - At the present, where I live, my
neighbours, next to my home, right side is a white
English family, left side is a Philippines family... Next to White family is
Indian Family, next to Philippine family is white Italian Family. Along the
streets I live, there are Chinese, Indian, Italian,
Vietnamese, Philippines, Whites families. A lot Chinese families.
Of course, all neighbours, we are all
Canadian. In like
20y, no argument, no conflict, no bad talk. They go to work, go home.
Repeat. One experience was Italian neighbour came to me asked
for cutting grass. In
conclusion, in Toronto & GTA where diverse population
more than 50%, but in my experience where I
work, I see on floor factory, 95% are diverse
racialized Canadian, in main office,
80% are whites.
Why have conversation about
racism now?
- I live and grow up in Toronto, GTA wearing many different shoes.
Toronto and its GTA, 9.6 millions people, is biggest City in Canada,
only after New York, 8.6 m in US. According to Data from
Giant Banking Credit Suisse, there are
4.5% Canadian millionaires by
population, Japan 2.7%, S.Korea 1.8%, UK 4.5%, German 3.3%
-> Which ranks Canada number
#2 of millionaires in the world by population.
According to Toronto Star, in 2012,
there were 422,000
millionaires in Canada,
when 2012 ave Home in Toronto =
497,130$.
Today 2020, around 520,000
millionaires in Canada, Ave Home Price
$952,804.
-> See where they live Click here. More than 1/2
Canadian millionaires population live in
Toronto & GTA = 265,000 millionaires, richest Asia Singapore = 183,737
millionaires. There are 2.5% millionaires
of 9.6 m population in Toronto & GTA. I started life = 0, no money, no
degree, at 2% bottom line poor in Toronto.
To get rich, take
time, go back 20y ->What were you doing, your salary
20y agoand
Where did you live ?
- Just ask
simple question and use grade 5 math. Were you:
Factory Worker 5.50$
/hr, Teacher 12.0$ /hr, Engineer 13.0$ / hr? -> I started career20y ago as Professor 50$ / hour at right Place
Toronto & right Time big Salary & Home
cheap. Salary same as
250,000$ today, Ave Home Toronto
218,000$.
Why go back 20y ago? - Because 20y ago, Buy
A Million dollarsHome Detached or Semi in
Toronto was very cheap, small mortgage. Salary
of Professor could Buy Home within 1 year with high Deposit % like
30%. Engineer's salary must wait 10y Saving. Then Home in
Toronto increased so fast every year after 10y. Could miss.
->Buy A Million dollars Home
in Toronto, deposit 20% = 200,000$. ->
Debt = 800,000$
-> Will take 40 y paid off home.
Still pay big mortgage, big debt. Compared
to 20 year ago, Mortgage to Buy A Million
dollars Home after 20% Deposit in Toronto round
200,000$, 4 x less than
today. Still take 20y paid off
200,000$ -> That's why
live inA million dollars
Home Detached or Semidoesn't
mean A millionaire.
That's why take back
20y.
I work hard to become Canadian Scientist
Professor millionaire in 4.5%
millionaires Canadian population, and in
2.5% Canadian millionaires population in Toronto & GTA.
For a personstarted
life = 0, just 20 years ago, no inheritance, no privilege, now same with 2.5% Toronto
millionaires, who live in
Toronto for many Generations.
I am doing OK, no complain. I continue
working harder next 20y,
and keep going, will retire at what ever age Pres. Trump will
retire.I see Inequality
and Racism. Now, the death of Mr.
George Floyd sparks anger about racism, inequality around the world ->
The opportunity to make a change.
-
Inequality of Wealth Distribution.
A lot people asked :- You are
a Canadian Scientist Professor Millionaire in top 2.5% of Toronto
Millionaires. Why do you speak up against racism? Answer: - If you read in this Blog, not just me, but also
other Canadian companies, Canadians like,
Sport Nets, Budweiser, NHL, PM Justin Treadeau, Minister of Defence,
Mississauga Mayor, the girl staff in South East Asia
Doctor Clinic ... speak up
against racism & intolerance. We want to improve Canada more
inclusive, equality, and diversity,
which is a strength of the country.
NOTE About Data:
" - To avoid biases,
confusion, mouth-to-mouth Data exacerbation, unknown Data, easy
pump price up data,unscientific Data, Scientist, Real Estate Industry
used Ave Home Price for
calculation, fairness distribution & representation for a whole
population. Scientists, Real
Estate Industry don't pick-up Home, Condos in few expensive areas like
Downtown to present as Home, Condos Price of a whole City.
All is about Data. No mouth data.Use few
Average Data,
Scientists can do calculation easily, simple understand, accuracy &
scientific. Use
mouth-data, he
said, she said
= tens of thousands different Data, unscientific mouth-data,
unknown source Data, unofficial Data,
Scientists can not do calculation. For
example:My
home, my friend's home, my neighbour's home data, anyone can say anything
Data, or pick-up few expensive area Home Price Data is biases,
unscientific, fake data, mouth exacerbate Data, did
not represent accuracy
& scientifically
a whole population of a city. Impossible
calculation scientifically & accuracy.Not
sure that other City in the World used Ave Home Price = Ave Price of All
Properties =
$952,804
like Toronto" ->
Says, a Scientist Professor
For example, in Toronto & GTA Schools,
nearly 50% are students come from diverse backgrounds, but minority ethnic
Canadian Teachers only 15%. -> It doesn't reflect Standard of Equality by
population. -> Need more Canadian of minority
diverse background Teachers.
Toronto Sun, April 18, 2020
This Peel Board School in GTA had
85% students from diverse
radicalized minority speaking 110 different languages. But only
25% minority Staff come from
radicalized minority Canadian, 75% are whites.
The PDSB covers GTA's schools of districts like
Brampton, Caledon, Mississauga, and West of Toronto, in total
155,000 students in 217 elementary
schools and 43 secondary schools
Schools are public funding. What
about private funding like businesses, companies, the Data of ratio
of presentation of minority even much
less than 25% -> The same systemic racism
could happen in businesses, institutions, schools.
A Scientist Professor says: - Data
tells alot about population,
society, and systemic racism.
The data of diverse backgrounds high school students in GTA
85%,
110 different languages very diverse backgrounds, is correlation to the diverse
population in GTA60%.
This is as an example of systemic racism.
For example, Blacks
population only 9% in Toronto & GTA, but just watch on TV
every day 99%, blacks got problems with Police, the most by population, not
seen happening to immigrants, other ethnic Canadian ->
Poverty in
Blacks for many Generations, is the big problem compared to other Ethnic
Communities in Toronto, which makes them more vulnerable. ->
Improve poverty, more funding to Black Community will
help.
For example, On factory, see almost
Immigrants work there. Almost Immigrants have experience working in factory.
For example, in
Mississauga big City in GTA, a white woman (from
Ukrainian, big Poland, Ukrainian Eastern EuropeCommunity in
Mississauga, and in Toronto) while waiting a long time for Doctor
in a South Asian Clinic, she demanded to see white doctor.
People in Toronto & GTA accused her
racism, because she demanded "White Doctor" not South East Asian "Indian
Doctor". Her racism reflects
attitude "White Professionals" is better than "Minority Ethnic
Professionals", which is systemic racism.
If businesses think like her, then there is less demand for people in
"Diverse Background" Professionals.
https://www.cbc.ca/news/canada/toronto/white-doctor-video-mississauga-1.4168199 NOTE: Mississauga
biggest City in GTA, around 850,000, 7th largest city in Canada, is the most
ethnic diverse area in GTA, where people of diverse backgrounds has 60% of
population, like South East Asian, Indian the most of ethnic population in
city Mississauga, then Chinese, Vietnamese. Average
Home Price around 750,000$. See Toronto map,
click here It is OK to have conversation.
Unlike Blacks, Whites,
Asian backgrounds less engage in racism conversation,
racism demonstration. For example, look
at Demonstrators in Toronto, Black only 9% but almost 60% demonstrators are
Blacks, 37% from whites. While more than 50% are Asian backgrounds in
Toronto, GTA, but only 5% of demonstrators.
They shy away from this issue.
-> Because most Asian
backgrounds back in their country, 99% are
same people, homogeneous population.
They don't experience racism because every
day they are surrounding with people are
the same nationality, same culture. So they feel not
comfortable, not experience with racial issues. Unlike big cities
in North America, Europe mix of population. Specially Toronto has more than
100 nationalities living called home.
If you think Racism like a shame, then likely
you get more racism. Racism doesn't mean " I am better
than you ", but it means intolerance.
You see in above story
- A white woman had racism attitude
to dark skin ethnic Indians in Doctor Clinic because of her white skin. It
is wrong, need to speak out,
like the girl staff
wearing black shirt in clinic in video. She criticized the woman that :->You are extremely rude and racist (intolerance).
You are bad example for your children, your community.
A person says: - If you are treated
differently, you must stand up and express yourself. If you don't say,
accepted, you will be continued treated differently.When you live in a multi cultures like Canada, all kinds of
races, more than 100 countries and nationalities, racism happens.
Racism begins with hate, jealousy,
fear, and intolerance.
Canadian Company is very strict, zero tolerance about racism
at work. An employee says: "- Go back to your
country". Or racial jokes -> Then this worker got fired right
away. Companies are afraid to be labelled as racism.
A Canadian Scientist Professor says: - A lot
Students in diverse backgrounds just keep quiet when marks not fair to them,
unlike whites students. Most Professors are willing to give extra marks.Sometimes Professors don't see it unless
Students speak out. He says: -
People asked me that ... Before
you were Nothing, no Degree. Since migrated to Canada, Toronto, you
became a Scientist Professor Millionaire, in Toronto middle class 20y.
Do you think you were treated racism LOL?
- I replied:- Every one as diverse
background racial Canadian all encountered some kinds of racism,
obstacles, biases, adversities, inequality, different treatment, promotion
.... Looking back history,
Chinese Community, Indian Community, Italian Community, Japanese Community
all experienced racism. We must speak
out against racism.
How to win the war on virus - the COVID-19 ?
- Update May 8, 2020
Virus war is different Human war, invisible. Every
Scientist from different country plays important role.
In virus war, it is Science, follow Science.You can't negotiate, can't use weapon, nuclear
bomb. The only things Human can win virus war is
1) The Behaviour, self-defence, like
Social Distancing, Mask, Stay Home, Wash Hand.,
and ultimate weapon to win = 2) The Vaccine.
To win the war on COVID-19, there are 3 frontiers:
The 1st Frontier: The Behaviour -> 2)
The 2nd Frontier: The Testing -> 3) The 3rd Frontier: The Cure.
Lets' exam each:
The Behaviour: -
The 1st Frontier: Called
the 1st Line of Defence Frontier
used most effective defence like
Lockdown & Stay Home, when virus attacked
fast & furious, outbreak
like mid March, 2020 -
This Frontier requirescitizens
as solders well-behaviours, self-sacrifice. In this
virus war, the citizens like solders. Mask is the additional tool for this
Frontier, like gun for solder. To win
battle you need "good solders" be well
behave, disciplines. The 1st Frontier required self-sacrifice,
self-discipline like good solders -> You
can't win the battle with "no good solders" no discipline, no
behaviour. The old saying:- Prevent disease is always better than cure disease - is the 1st
Frontier. The virus
COVID-19 spreads thru Human Behaviour: Hand, Mouth, Nose,
Eyes, things that people do every day: Talk, Breath, Touch, Cough, Gathering
...UK 67 m
population, US is laxing on
Mask, not take it seriously, as a result, Data tells huge
COVID-19 cases & Death, unlike most Asian Countries.
While
France, Italy has learned the lesion after severe damaged by
COVID-19. Now "Wearing Mask" is a mandatory
for citizens of these countries.France has camera at public subways, transportation take picture of
people not wearing mask. Dr. Harvey Fineberg, former Dean
of the Harvard School of Public Health, Chairman of a committee with the National
Academy of Sciences,
advised:
"- l start wearing a mask when I go to the grocery
store". The Cost: This 1st
Frontier is less cost money and less human casualties.
That's why Asian Countries not rich, very small
budget. But fight COVID-19 very good, less money, less COVID-19 cases,
like Vietnam 100 million population = 288 cases & Death = 0.
In reopen economy, wearing mask
is a must, additional defence, where social distancing is hard to maintain,
hard to mobile, lost control, mis-behaviour, lax. Just wear mask as
additional defence.
Specially in an area where there are very high alert of COVID-19 cases,
hotspots.
Save lives.
The Testing & Treatment:
- The 2nd Frontier - Called
the Casualties Frontier, where the Battle,
but no effective weapon yet, focus on Testing:
Need: Doctors, Nurses, Front Line Workers, the Government .. ..
- When
you see the Testing increasing -> Which means something wrong with the 1st
Frontier, the 1st line of defence weaken, not strong, lax,like not comfortable **wearing
mask additional strengthen defence**, trade-off my freedom,
not sacrifice, still want party, gathering, beach ...
No good. These citizens like solders who
are not well-behaviours at 1st Frontier -> Now
need Testing to make sure they are not
"wounded solders" COVID-19 infection yet. So this 2nd battle is
also important. That's why we hear a lot talking
about Testing, because only weapon used to fight with COVID-19.
But less about Treatment because still no effective Treatment ->
Pres Trump suggested Hydroxychloroquine, not only not
help, but side effect increased of heart attack on patient. COVID-19
patients recover from their Immunity System + from care & support of
Doctor, Ventilator, all kinds of trials Drugs, Placebo ..
Most people with mild corona virus
illness will recover on their own
because of their Immunity.
That's why needs Vaccine. Testing is good
to increase more capacity of Testing more people in
order to Trace contacts and Reduce infection in population. Collect
Data on Testing. -> But the
problem is to keep Testing millions
and re-peat millions
Testing citizen (the solder) because this citizen keeps bad Behaviours ->
Then this citizen needs Testing again.
For example, a White House Staff after testing many times
negative, but just recently testing Positive for COVID-19.
Testing is not always reliable. People who
already tested negative, still can get re-infected if
not well behaviour -> Still spread virus. NOTE: There are people get
infected like seniors not because they are not well-behave. But they
get infected by Asymptomatic people no symptom or not well behave live with
them.
If the 2nd Frontier is so overwhelmed by people -> Then maybe should
strengthen, have additional defence for the 1st Frontier like "Wearing Mask"
-> If the 1st Frontier of Defence is good ->
Less cases COVID-19 in Testing, less Deaths. The Cost: This 2nd Frontier is
very costly money and human casualties, such as, Testing, Human
Resources, Doctors, Nurses...Hospitals, Hospitalization COVID-19 patients ..
The Cure & Vaccine:
- The 3rd Frontier: - "The
final winning Frontier" of Research &
Development: Need: Doctors, Scientists, Professors - The
Medicine, the Treatment, the Vaccine ... So far, there
is no Vaccine, " still in early stage
" a lot of talks & hope. Hope vs. Truth. The last hope give it 2 years. The Vaccine is the ultimate Tool to win
virus war. Even the curve flatten, but no Vaccine -> A new normal
COVID-19, a war still continues. So far, there is still no
effective Drug, no effective Treatment, no effective Medicine ->
All of Tools in 3rd Frontier still in
Talking, in Testing, in Experiment, in Clinical Trial ... The Cost: This 3rd Frontier is
very costly money, such as, Research, Experts, Human Resources,
Doctors, Research Scientists, Professors....
So The Behaviours, the 1st Frontier
is the most important Defence,
unless The Vaccine
successful. Prevent disease is always better than cure disease. If the 1st Frontier was broken down, defeated,
overwhelmed -> ** The Solders no good.** ->
Then we will never win the war on virus COVID-19.
Since 2001, the Afghanistan War, US has about
2500
deaths in 19 years of war. But COVID-19, only 2 months,
more than 80,000 deaths, over 1.5 millions
people wounded, and a
whole Economy sinks, more than 30 millions
people lost jobs.COVID-19 is
more than a war.Still just the
beginning.
For example: In US, because
they lost the 1st Frontier of Defence, for
example, not wearing mask -> So
COVID-19 overwhelmed the 2nd Frontier of Testing with many millions
Testing -> But at last
3rd Frontier still nothing, no effective Drug, no
effective Treatment, no Vaccine -> As a result, the COVID-19 cases over a
millions, and more than 80,000 Deaths so huge
than any countries in the world.
Although US #1 super power in the world in all categories, Medicine,
Technology, Money, Talents, Experts... But most damaged on war
COVID-19 -> Maybe the Behaviour has something to do.
NOTE: Since a Scientist Professor
doing research on How Asian
Countries, North American fight against COVID-19,
a war between Life & Death. Using Data,
we show the problems & differences
between Asian Countries very much less number of COVID-19 cases than
North American fighting COVID-19 -> The problem has been solved.
Because US did not take mask seriously. Since then, a lot of talks about
this on TV, Social Media .. Before, although recommendation,
but people don't take it seriously,
because mixed messages
from Medical Officers, top Leaders not wearing mask, no benefit, counter
productive. -> Recently, some staffs at White House got infected
virus -> COVID-19 hit so
closed. We see US begins to embrace wearing
mask seriously.
Update May, June, July, 2020
continuing Up-to-Date "Wearing Mask":
Help you and others Reduce COVID-19 transmission -> Save lives Few Notes: " Wearing Mask will help reduce transmission
COVID-19, and save lives " long ago in
April, 2020, from a Research of
a Scientist Professor on
How Asian
Countries, North American fight against COVID-19,
a war between Life & Death.He said
: "- Inconsistent messages. People confused don't
know who to trust. They take messages wearing masks not seriously"
- Back then, in April 2020,He explained the difference between North American and Asia in war
with virus is wearing mask. He also explainedin his post
that COVID-19 can transmit as tiny particles,
aerosols thru air, staying on air for a while, since he had watched Japanese
scientist did the experiment. That's why when people large gathering,
beach, talking, laughing, sneezing ... will
spreading COVID-19 to others. In this case, "wash hand" can't help, when you
breath in. Mask is great help. Back then, some local Doctors on TV
rejected the ideas COVID-19 transmit thru air, said, such as: "
Mask counter productive, not benefit, even dangerous.
". Health Officers, Politician didn't want to wear
mask, played down mask. They said Social Distancing 6ft, Wash Hand good
enough. North American see mask not
important, counter-productive.
In early April, 2020, he recommended: "- In reopen economy, wearing mask
is a must, additional defence, where social distancing is hard to maintain,
hard to mobile, lost control, mis-behaviour, lax. Just wear mask as
additional defence." Since then, the Behaviour has changed a lot.
He said: - As a Scientist, every one should
contribute. The most important is people now take masks seriously. Save
lives. " - He
began document the Date which Health Officers, Politicians began the
change on Mask. Take a while, even WHO. Should
be in early stage of pandemics COVID-19 - May 11,
2020:White House staff wear masks.After a staff infected COVID-19. As
a staff working in White House, He was tested negative COVID-19 many times.
But last time was positive COVID-19.Testing is not vaccine that certificates you immune from
COVID-19. You still need careful protection. - May 12, 2020:Quebec is 1st Province, its city is Montreal, in Canada urges
its people wear mask when out public. Canada like US before, Wearing Mask
not taking seriously. But Quebec Premier Francois Legault,
1st Leader in Canada, arrives at a news
conference on the COVID-19 pandemic wearing a mask
for 1st Time. No Leaders in Canada wear mask in Press or
Conference. While Leaders in Japan almost in
Conference wear masks. - May 14, 2020:
Ontario and its Capital Toronto, following Quebec,
encouraged people wearing mask, specially where Social Distancing is
challenging. Many big supper markets in Toronto like Loblaw, Food , many
stores tell people mandatory wearing mask, a must in their store. Some
Doctors on TV before saying mask was counter-productive. Now change their
opinion to consider "wearing mask". Even for Doctors, Politicians, wearing
masks still different view, inconsistent messages,
changing many times, from one to others. - May 20,
2020:Canada's top doctors Chief Public Health Officer of Canada
from Public Health Agency of Canada now say:- Non-medical masks
now (today May, 20, 2020)
recommended for Canadian. Wearing non-medical masks
can help stop the spread of COVID-19.This advise is reversed from the advice before that "Wearing
Mask is counter-productive", inconsistent message
before.
First time, see PM Justin Trudeau was wearing mask
in public, when entering Canadian Parliament. Canada like US before "wearing
mask" not important, counter-productive. -
Before, many local Canadian Doctors, even
Quebec's Minister of Health on TV said that "Wearing Mask" was
counter-productive, no benefits -> Not too late. Since extreme measures (not
include wearing mask, only official recommended in May 20) began during
"lockdown began March 15", in March 20, = 215
COVID-19, 0 Death -> As May, 20, 2020, =
80,102 COVID-19 confirmed in Canada, 6,028 Deaths.
- May 20,
2020:Governor New York launched a campaign " New York
Wearing Mask ". He saidon TV
on this day: - Wearing mask
works, and help reduce
transmission of COVID-19. - May 21,
2020: Spain today asked mandatory everyone above 5 years old
wearing mask. - May 24,
2020: Doctor Birx, Chief White House Task Force on COVID-19,
wearing mask, first time admitted " -
Clear scientific evidence masks work, help. Wearing
Mask when Social Distancing hard to maintain."
She just realized now wearing mask work, help reduce transmission virus. Not
just long before, she said wearing mask non beneficial, counter
productive.
https://www.businessinsider.com/birx-clear-scientific-evidence-masks-work-trump-able-social-distance-2020-5
- May 27,
2020: US COVID-19 Deaths surpassed100,000
In less than 3 months war with COVID-19..And
40 millions people unemployed. Economy went down even more than Financial
Crisis 2008-2009. People didn't have to die.
In less than 3 months war with COVID-19, more than American died in
these major wars combined: Korean War = 33,686
(1950-53), Vietnam war 58,220 (1964-72) US Army
withdrew in 1972 completely out of Vietnam. Fall of Saigon in 1975. War
after 9/11 Afghanistan war 2,372 (2001 - 2018),
Iraq war 4,424 (2003-2018).
In all these wars Total = 98,702 - Japan
Attack on Pear Harbor In total, 2,403 Americans
were killed. The War of 1812-1814 American invaders, annexed Canada,
roughly 15,000 Americans died as a result of US
fighting with Britain and Canada. Roughly 8,600 British and Canadian
soldiers died from battle. June, 16, 2020 - Total American
Deaths by COVID-19 = 116,700 in
just 3 month -> More than Total American Deaths
in all major battles abroad in 200 years
= 116,105,
since 1812 Battle American with Britain & Canada to Present, except WW2. Not
including economic damages. Message for
people looks down on COVID-19. Be careful.
- May 27,
2020: Doctor. Christopher Murray, Director of the University of
Washington Institute for Health Metrics and Evaluation said:"
The Data is clear:The path
ahead in the COVID-19 pandemic is being shaped by masks.
We now have really
clear evidence that wearing masks works -- it's
probably a 50% protection against transmission." ->
Wearing mask early could reduce Infection and Death to 1/2. Which
translates into tens of thousands of lives could be saved.
Which validates the Research of a Canadian Scientist in April that :
" - The big problem of American in war COVID-19
a result of big casualty is not wearing mask, not taking mask seriously.
Problem solved. " - Back then, top Doctors, Medical Officers
on TV said: "- Do not wear mask, counter
productive, no beneficial ". Since May, 2020, many Policies about
Mask have been implemented.
- May 28,
2020: New York Governor ordered Businesses in New York :"-
Do not allow customers who do not wear mask to enter in their
store". - May
29,
2020: A Doctor on CBC News 8PM, May, 29, she said:
"- There is no data that proves Mask is effective".
-> Even between Doctors have different view about mask.
Inconsistent messages. Which made common people
confused, not take mask seriously. Simple understanding like Mask work, help. But even Doctors don't understand.
- June 1,
2020:Today,
WHO ( World Health Organization)
officially recommended people should wear mask, specially
where Social Distancing is challenging. WHO changed its stance on wearing
a mask. Take a while. A Scientist Professor, who proved
Human to Human Transmission,
air-Transmission, and thus need mask,the benefit of mask, recommended wear mask when Social Distancing
is challenging long time ago said: -
Could save alot of lives.
https://www.wionews.com/world/who-updates-guidelines-on-wearing-masks-303693
July 1, and 4, 2020 - Canada
Day, US Day ... We revisited mask and COVID-19 after reopening in both US,
Canada. Since reopening, COVID-19 cases spike in US. Toronto now
mandatory required people wearing Mask in
Public places, on Subways, Transit Bus, Library ... In US, many states
like New York required mandatory Mask wearing in public, in business ...
Doctors, Scientists say Mask save lives. Which a Scientist Professor
recommended back in April, May that "- Not wearing
Mask, not taking mask seriously is the main reason US had huge COVID-19
cases, huge death, get infected and died by COVID-19 "
In July, 7, 2020
- About 239 Scientists in the world asked WHO
(World Health Organization) look into Research that COVID-19 is Airborne
Transmission. Which means that COVID-19 can
transmit thru air by micro droplets, tiny particles that can linger, stay in
the air. People breath in micro droplets. In this case, need mask to protect
you, wash hand is useless, not prevent you get infected by COVID-19.
In reopening reality, we see that most COVID-19 infections come from
large public gathering, large crowd, bar,
beach, crowded people, close contacts, closed space room, Yoga Class ... - In these
settings, washing hand doesn't prevent people from COVID-19 infection.
People need wearing mask for protection. Just like Mask, WHO rejected
the benefit and prevention of Mask before. Later they change their View.
Now, WHO one step behind the understanding COVID-19 Airborne
Transmission. Dr. Richard L. Corsi, dean of Maseeh College of
Engineering and Computer Science at Portland State University, and one of
239 scientists from around the globe appealing to the World Health
Organization and other national health bodies to formally recognize the
potential for the airborne spread of COVID-19 said
that: - “The debate over
whether the airborne transmission route occurs is over. Many of us have
claimed its relevance from very early in this pandemic. It was real then.
It is real now. Period.” - Which a Canadian
Scientist Professor recommended back in April, May (see Blog April,
May) that: "- COVID-19 can transmit thru air,
air transmission, airborne via small micro droplets, tiny particles. Which
can linger, stay aloft in the air, and can travel in space in the air. If
you in the room, in the air space, you could breath in the COVID-19 and get
infected." On Tuesday July 7, 2020, the WHO
acknowledged evidence is emerging of airborne spread of the pandemic
virus, WHO said that in quote:
“The possibility of airborne transmission in public settings — especially
in very specific conditions, crowded, closed, poorly ventilated settings
that have been described, cannot be ruled out.”
- Before, WHO said that
"- COVID-19 spread via droplets only one
or two metres before dropping to the ground" - Which
encourages people do not wearing mask, not taking mask seriously.
July 10, 11, 2020 -
In July 10, 2020, WHO confirmed COVID-19 spreads Airborne, air
transmission. People can breath-in virus get infected if not wearing mask.
- In July 11, 2020, Pres Trump on July 11, 2020
wears mask in public for the first time, during a visit to military
hospital Walter Reed. Maybe now he sees the
important of mask is not just to protect others as alot people thought.
That's why alot people don't wear mask, because
they think mask just protect others not themselves. But now,
after WHO confirmed COVID-19 spreads Airborne, Air Transmission, people can
breath in virus and get infected. Which now proves that
"wearing mask" not just to protect others but also to
protect yourself. Before people, including Doctors, Heath
Officers, WHO believe that "Wearing Mask for to protect others, because it
covers your mouth, nose to shoot out virus when
coughing, sneezing, talk loudly.. into objects around in
environments. Then people touch on these objects, then touch their eyes,
nose.
July 13, 2020 - Quebec asked "
Masks to be mandatory in Quebec. as of Saturday July
18, 2020 in indoors public places, stores, bus, transit " -
People will be fined even jail not wearing mask. People can call Police on
people not wearing masks. Before not mandatory, not penalty.
July 15, 2020 - A Doctor from
McGill University on CBC News in July 14, said that :" -
Mask helps protect others not the person wearing mask " - Even
Doctor got wrong on Mask, an important tool against COVID-19. In July,
15, on CNN : - Mask protect both the person wearing
Mask and Others as well. As we said:- "Mask
protect both. People less likely wear mask
if just protect others. They have reason :
" Why should I wear mask, uncomfortable, just to protect
others. "
- Three W’s to ward off COVID-19:” 1) wearing a mask, 2) washing your hands,
and 3) watching your distance.But of
the three, the most important thing is wearing a mask. There’s
less likely that fomites (contaminated surfaces) are a major source of
transmission by touching your hand, then touching your eyes, whereas there
is more likely that the COVID-19 transmission through inhaled
droplets, tiny particles, micro droplets, aerosol. That's why COVID-19
spreads thru air, airborne, aerosol, so fast and furious.
Avoid 3 C's = 1) Crowded people 2) Closed
Contacts of people. 3) Closed off space room, indoor. These 3 C's
you could likely inhale, breath in virus. Wear mask. "
July 20, 2020 - The World
Health Organization (WHO) has called upon people across the globe to avoid
the "Three Cs". Very good -> I already
recommended on July, 15 = Avoid 3Cs.
July 22, 2020 - A Doctor, from
University of Toronto, on CBS News, The National, July 22, said that : "
Mask should not mandate in schools. Mask could be
counter-productive for students " - Again, no brainier. Not good
message send out. In July, 23, B.C Doctors go to court asking for "
demand mandate masks in schools " . Many
Cities, States, Provinces, Countries already mandate "wearing masks".
See back in April Blog down below, I
already recommended
enforced wearing mask and
What measures for School open safe for students,
teachers to prevent COVID-19 between Life and Death
On Saturday, July 11, 2020 NHK Japan:
- WHO confirmed on
Friday, July 10, 2020:
- Aerosol spread possible -> Which means COVID-19 spread thru
air, airborne. People can breath in virus.
It is scary.
Which explains COVID-19 spreads
fast & furious thru aerosol,
micro droplets breath
in than thru hand touching.
People should take COVID-19 seriously.
Accidently after the Date July, 7, when I posted in
Blog about WHO and COVID-19 Air transmission, airborne.Now WHO confirmed on Friday July
10. That's why
I update the Date about Mask.
NOTE: WHO (World Health Organization)
has tens of thousands Doctors, Health Officers & Scientist. Their
budget 4.4 billions . It is big. WHO
has big influence over Doctors, Health Officers of many countries around the
world, that contribute money to WHO. That's why
Doctors, Health Officers in many countries follow Who's Health Guidance to
fight COVID-19. Many of them worked for WHO.
a Canadian Scientist Professor says:
" Understanding both Wearing Mask protect
both you & others, not just protect only others, and COVID-19 Airborne
Transmission at early stage would save
thousands of lives and
billions of dollars Health Care Cost.
Understanding Mask & COVID-19 Airborne is the
most important tools of prevention to fight against COVID-19 between Life &
Death "
Note: This Air Conditioner in restaurant setting
in closed contacts in a closed space room
is different with Air Conditioner in Building, Apartment, which
unlikely transmit virus from air-conditioners in apartments.
UPDATE: June 6,
2020
- NHK WORLD Japanese
--------------------- - Research Scientists
proved Air Conditioner enable COVID-19 transmission of customer
Asymptomatic A in middle table A,
by air-conditioner is circulating virus in air between 3 tables A,
B, C in restaurant. Other customers could get infected COVID-19 by
"breath-in" no
mask, even more than 2 m in same room. It is
Air Transmission.
People, Doctors, Politicians, WHO Health Officers think COVID-19
transmit mainly by touching your hands in to your eyes. Thus need
hand washing. But they don't think COVID-19 transmit thru air by
nose "breath-in", inhale, exhale.
->
Why Mask for Dummies -
Mask helps cover your nose, mouthwhen talking loudly, speaking, coughing,
laughing, sneezing ..to shoot out virus, tiny particles,
micro droplets, droplets into closed objects, environment, into
closed contact people. Thus first of all
protect others breath-in or
touching objects. Mask also helps you not breath-in virus. Thus
protect you.
People less likely wearing mask if they
think just protect others. They wear mask to protect themselves
first. That's why large gathering very dangerous without
mask because of air not touching. Where Social Distancing is hard to
maintain.-> A Canadian Scientist already
recommended this long time ago. WHO just recommended
today.
Since a Canadian Scientist Professor has solved problem: -
Why US has more COVID-19 infections & Death,
long ago, which helps open acceptance and change Behaviour about
"wearing mask". How many times
we have to explain to No Brainers, Doctors,
Politicians about important of mask. Save lives.
1st
Frontier is the Behaviour to Protect yourself.
If you wait to 2nd Frontier Testing, you already
late one step behind.
After reading Blog , we just save your lives,
thousands of lives.
For example, Some local Canadian Doctors said No,
mask counter productive.
Mayor Toronto, advised "wearing mask" recently, while other
Mayors not recommended. Same for Politicians. Mixed messages,
undecided, inconsistent, even such important
Behaviour between life & death like wearing mask. Not too late.
How fast COVID-19 can spread fast thru
air - A Research Scientist said: -
Why you should wear a mask, not just Wash hand. He confirmed
COVID-19 can transmit thru air by just talking, laughing, breath in. Watch
this video from CNN May 14, 2020 -
Click here.
When I walked in ATM bank, I realized I
should wear mask. In so many public places where Social Distancing can't.
Update: April, 2020 in lockdown COVID19
According to a Canadian Scientist Professor:- Should we wear the mask?
-> A million dollars question.
Make a big
difference between live and death, and spreading COVID-19.
A Story: COVID-19 can
spread by building ventilation, store ventilation, say Canadian
researchers.
The outbreak of COVID-19 at a restaurant in the southern Chinese
city of Guangzhou was a puzzle.
The suspected index patient was a visitor from the corona virus’s
epicentre in Wuhan. But the eight other customers who later tested
positive were not sitting close enough for droplet transmission.
A team of local scientists eventually came to an eye-opening
conclusion about the episode: tiny particles of virus had
hitched a ride on currents created by the eatery’s air-conditioning.
COVID-19 can be spread by building, store ventilation, say Canadian
researchers.
https://www.msn.com/en-ca/news/canada/covid-19-can-be-spread-by-building-ventilation-say-canadian-researchers-working-on-an-hvac-fix/ar-BB13eiDF?ocid=spartanntp
NHK World Japan has done a experiment with Japanese scientists
using Camera can enhance 100,000 times size of hair. It captures
tiny particles when a person sneezed or talked loudly drifting far
away more than 2m in the air by air conditioner in small closed
space.
Even so many Doctors on TV recommended wearing mask
not beneficial, necessary unless you are sick or nurses,
doctors, before and after the outbreak. But this proves that we
should wear the masks all the time to avoid
infection and spreading, even practicing "Social
Distancing 2m away". In Asia, the rate
of infection & death are very minimum, like Vietnam 100
millions people, but only 270 cases COVID-19,
0 death as of April, 27, 2020. And their Health Care is not
as big budget as many G7 countries. They wear masks from early
beginning. But in North America, Europe, people don't take "wearing
mask" seriously. Even Doctors on TV recommended wearing mask not
only no effective, but easy get infections, scare people.
As an example, 95% citizens in Canada, US do not wear mask
out side home, on street, in the opposite, 95% citizens in Vietnam,
Japan wear mask on street. Almost Politicians
in Asia on TV wearing masks, but not see in North America, in
Europe. Still now. Or they take it "wearing masks" seriously
just recently. Too late. -> As we see
the numbers of COVID-19, and death in these countries are very high.
In US,
most advanced & huge budget Health Care & Technology in
Industrialized Countries, G7, approaching 1 millions COVID-19
cases in just 2 month
from few dozen in early March, 2020. In Canada as
of April 27, 48,500 COVID-19 cases, 2707 death.
Update:
After the above Story in April, 27, 2020, On same day's night, on
the National, an icon show Nation's News of CBC News at 9pm Toronto
time, there was an interview with the Chief Medical of Canada, who admitted that she changed
mind-set on her past recommendation that "wearing
masks not beneficial, even counter productive" - Now on
this Interview, she admitted that shifting on masks has changed
again in this Interview that wearing mask
is beneficial, an extra caution for people, and reduce spreading
COVID-19.
Another example, on NHK World TV, Japanese Parliamentary,
including Japan PM Shinzo Abe, all wear masks,
and Social Distancing, in Parliament Hall. While in total
contradict, Canadian Parliament including PM Justine Trudeau
Social Distancing, but not wearing mask.
As you see, Japan and Canada has different view on masks.In Japan, 127 m population, as of
April 29, 13,852 COVID-19 cases, 389 deaths.
In Canada, as of April 29, 51,230
COVID-19 cases, 2984 deaths.
NOTE:If we can help
explain problems, problems solving, then take it. If not,
then learn, caution. Back to a million
dollars question between Life & Death,
and spreading COVID-19:
- Should we wear the mask?
-> Even there is a big differences between Canadian Doctors &
Scientists and Japanese Doctors & Scientists.
For Canadian Scientists, look at Japan Parliament, where
Ministers, PM, top leaders of a country, say: -
It is not safety for leaders, because they
seem sitting seem closer than Social Distancing recommended. They
are wearing masks, but masks are not beneficial, not
important, even counter productive. For Japanese Scientists, look at Canadian Parliament, where
Ministers, PM, top leaders of a country, say:
- It is not safety for leaders, because
they are not wearing masks although Social Distancing. In Hong Kong, Vietnam, Gov warms people
wear mask first of all. Look at the Data, most Asian
countries, by population ratio %, the number of people COVID-19
infected much less than North America
People can catch COVID-19 by
inhale, breath in tiny particles, which wash hand can't prevent, smaller size as100,000
times human hair. Which explains why
COVID-19 spreads so fast & furious from few cases to millions of
cases in just 3 months. -> Thus mask help protect,
when talking, sneezing, coughing. Which wash your hand can't protect
you in this case.Of course
before entering this room, they have temperature checked, wash hand
... People can still
spread virus even show no symptoms, check temperature normal, no
coughing. It seems likely that this will occur more often
in the healthiest and the younger age groups, including most
children, called Asymptomatic COVID-19.
-> " - Person has been exposed to a disease
(like Hepatitis C, COVID-19 ...), then immune from that disease. But
who is still carry with them the virus of the disease, and transmit
them to others, 1st their family "
-> Asymptomatic Transmission is the reason health
officials today changed their stance on masks.(CNN May 5, 2020).
This photo captured on computer by a Canadian Scientist,
on NHK World TV in April 29, 2020
showing Japan Parliament, Japanese leaders are sitting close.
All is wearing masks ->
For them, wearing masks more beneficial,
more protection, more important. When PM Abe talks,
he is shooting out thousands of tiny light
particles and heavier droplets in to the air.
But all of them droplets, particles are
trapped by his mask not spreading into air,
not floating in the air, and not
dropping around objects nearby. Which other people could touch them
by hands or inhale.
->Mask helps
right away, cover mouth,
nose, cover tiny light particles come from mouth,
nose at first line of defence,
first of all, when talking, coughing,
sneezing, and then help others wearing masks
stop inhale, breath in what ever in the
air. Wash hand in this case does not prevent virus.Every one should think like you have virus inside.
Mask stops people shooting out virus as well.
-> Social Distancing lets the tiny
light particles still come out
first from the mouth, nose
in the air when speaking, sneezing, coughing,
and other people not wearing mask still inhale, breath in
what ever in the air, influenced by ventilation, wind.
In the air, there are hundreds of
thousands, millions of tiny light
particles depend on crowd of
people, some tiny light particles dropping on
near surface, object then people get infected by touching.
If wearing mask could prevent this spreading.
Some tiny light particles drifting away.
According to a Canadian Scientist, Japan Parliament
although sitting closer, but wearing mask, it
is safe. Watching TV from
International Countries helps me see thru their
societies, on their streets, see the differences how they live &
deal COVID-19 that others can't see.
- What does it mean "Stay Home"?-
"Stay Home"
is ** the most
effective prevention helps reduce Testing, reduce Infection, reduce
spreading ** you and others from infecting & spreading
COVID-19. Stay Home
works 100%.
-> Just "Stay Home"
help flatten the curve. So
when you hear COVID-19 cases begin flatten the curve ->It is from "Stay Home"
easy, a simple measure, like during lockdown.
So people want to out door again. Be cautious. -> COVID-19
cases could begin again. The 1st wave
COVID-19 is spreading from few people in Wuhan. The 1st
wave causes so damaged in just 2-3 months, already seen.
The 2nd waveevery where countries, not just a few spreading in
Wuhan like 1st wave, will have already tens of
thousands people already infected COVID-19, and tens of thousands
people from Asymptomatic COVID-19, who
have virus, but not show any symptom, healthy, normal, because they
may have good immure in their body subdue virus like children, young
people. But they still can spread virus to
others. According to a Japanese Professor, the majority of
COVID-19 cases spreading by these Asymptomatic
COVID-19 people, the silent
spreaders. -> That's explain why
older people like retired, most stay home, not
active life style, but got the most infected, most deaths ->
Because young people live in same home. A Story:
A person is called an out Patient A, who got
diaries, then visited a Japanese Hospital as out patient, show no
symptom of COVID-19. This Patient A then infected the Doctor, who
saw him. -> Then that Doctor infected his colleague Doctor. -> Then
spreading many Staff, many patients in hospital ->
They have to trace around 600 people. Caused an outbreak in many near by Japanese
Hospitals just 1 person Patient A.
- Should students wear mask in classroom?
-> Yes in new normal COVID-19.
Should
enforced wearing mask in schools. Good
Ventilation, then of course Social
Distancing, Scheduling classes less crowded, include online, Wash hand,
Check Temperature.
.
Wearing mask doesn't mean not Social
Distancing. Of course, we
still keep practicing Social Distancing, Wash your hand.
->
A Canadian Scientist Professor,
doing researches, says:
How Asian Countries, North American
fight against COVID-19, a war between Life & Death.
Scientists play very important role.
-
When doing research, I use Data and open mind.
I look thru different windows, in different societies in
different countries, listen thru different
background Experts. So that can see the
differences, different opinions, different society. -> You
don't see the differences if just look and compare yourself.->
See Data the number of
people get infected and deaths in Canada, US really shocking,
many times
more than Asian
countries.
A Story:: Vietnam has done the best
job against COVID-19 in Asia. During
the outbreak in mid-March, 2020, I had seen on TV, a
Vietnamese security guard fought with a man who did not wear mask.
The man then threw his smart phone in the security guard's face. His
face was bloody, severe injured. So many times the Police fought with people
not wearing masks. Vietnam small area = 331,000 km2, 100 m people,
Canada area = 10m km2, 30 x area than
Vietnam, only 38 m. Social Distancing is very difficult to maintain
very crowded clusters of people,
they rely on masks, another extra defence, to
protect from virus.
=> Why US had the most number % by
population = More than 1.15 millions of COVID-19 cases, and 70,000
deaths, giving US has
the best advanced Health Care System, most biggest budget, best
Experts
in the world? ->
Because they don't take masks seriously,
the first defence from virus, in the beginning.
- The Behaviour - The big Mistake.Since 2001, the Afghanistan War, US has about
2500
deaths in 19 years of war. But COVID-19, only 3 months,
more than 60,000 deaths, and a
whole Economy sinks, more than 30 millions
people lost jobs. Still just the
beginning. I also looked at all measures again COVID-19,
like Social Distancing, Wash hands, How
COVID-19 Infection spread, Track Infection, Testing, Vaccine, How
they handle Economy, Budget....
US is doing good - Like almost Asian Countries,
US practiced Social Distancing very
early in March before the outbreak. Only not wearing masks, not taking
masks seriously.
" -> That's why,
from Data, the fact,
the result of policy, measures, no biases, their COVID-19
cases & Deaths very high, keeps increasing.
-> Hope will help solve problem.
Save lives.
Using enhanced camera 100,000 size of tiny
hair, Japanese Scientists & Researchers found and captured
tiny particles when a person sneezed or
talked loudly drifting far away more than 2m Social
Distancing, in the air by air conditioner in closed space,
like in 8 patients in a
restaurant in the southern Chinese city of Guangzhou. If
these 8 people worn mask, they should be ok, help stop multiply.
-> A Canadian Scientist says: - I myself watched this experiment
before the out break mid-March on NHK Japan, scary seeing tiny
particles captured on enhanced camera in dark room
like thousands of firefly from nose, mouth
scattering, drifting away in the air, waiting for people inhale.
From this experiment, COVID-19 can stay in the air for a
while. - Later, this has been
confirmed by Japanese Scientists.
- Canadian Researchers also
confirmed COVID-19 can spread by Building Ventilation.
- Chinese Scientists find evidence
COVID-19 Can Float In the Air for Hours. The research also suggests
that virus droplets that have landed on the surface of nurses' PPE
could be knocked back into the air ->
(This knocked back into the air is
scary. I don't believe but they said in the Research). This
kind of airborne COVID-19 can spread more people, dangerous.
There is
preliminary evidence that COVID-19 airborne transmission — in which the
disease spreads in the much smaller particles from exhaled air,
known as aerosols — is occurring, and that precautions, such as
increasing ventilation indoors, should be recommended to reduce the
risk of infection.
The transmission of COVID-19 through human respiratory droplets and
direct contact is clear, but
“the potential for aerosol transmission is poorly understood.”
To date, most efforts to stop the spread of the virus, such
as social distancing, have been based on the belief the virus is not
transmitted through the air. If it was found conclusively that the
virus was transmissible through the air, it would significantly
strengthen the case for mandatory mask-wearing to stop the spread of
COVID-19. ->
Could save Lives and thousands
of COVID-19 cases.This
explained why countries in Asia that have enforced wearing masks,
and of course Social Distancing like Vietnam during the out-break,
had 270 COVID-19 cases, 0 death, very low in 100 m population.
-> Which may explain in a crowded people, in large gathering, in
some places, some people are talking, coughing ... virus can be
drifting away. More cautious, in big
or small room, even practice "Social Distancing" people should wear
masks. -> My friends, just be cautious for
you, your family, and other's safety. You make decision
for you. Just give you a true story had happened.
Japan Parliament, PM Shinzo Abe, of course including Japan Health
Minister, all wear masks, in April, 29,
2020. So wearing Masks 1st priority. While Canadian
Parliament none wearing masks, only Social
Distancing. In Japan, almost Press Conference,
Politicians, Scientist wear masks on TV. Not see in Canada on
TV. Wearing masks not important, even
counter productive -> Picture worth thousands words.
- Today April 29, 2020, PM Justin Trudeau in Canada Parliament
2/3 empty, most thru Internet Conference, sitting away
Social Distancing,
not closed, not wearing masks like
Japan Parliament.
When PM Justine talks,he is shooting
out thousands of tiny particles, plus bigger & heavier droplets in
to the air. All particles,
droplets from his mouth are free spreading into air,
floating in the air, and dropping
around objects nearby. Which other people could touch them by hands.
But other MPs are sitting Social Distancing,
they are safe, because Social Distancing that most heavier
droplets will drop not far 2 m distance.
But particles (not droplets in Social Distancing) proven by
Japanese, Chinese, Canadian Scientists exist and can be
drifting, floating in the air longer.
People keep Social Distancing safety,
but they in thousands outdoor, still shoot virus from mouth, nose
when talking, coughing, sneezing in the air, on street.
The virus then drop on trees, home grass, chairs, objects ... Then
other people catch virus by sitting, touching ... That's why in
Asian countries like South Korean, Japan, Vietnam ... they use
chemical to clean streets, trees ...
- South Korean clean the street
Updating: (May,
2020)
CDC recommends people wear cloth
masks to block the spread of COVID-19.
Click here
Dr. Harvey Fineberg, chairman of a committee with the National
Academy of Sciences, former Dean of the Harvard School of Public
Health advised:
Click here NOTE:Dr. Harvey advised:
"If you generate an aerosol of the virus with no circulation in a
room, it's conceivable that if you walk through later, you could
inhale the virus - l start wearing a mask when I go to the grocery
store". - So according to Dr.
Harvey - Corona virus lingers in the air
for a while, because people put out
when breathing or coughing,
talking, laughing more force than just
breathing ... You could inhale the virus by breath in ->
Air transmission. Wash hand can't help. ->
Which validates my post on this
COVID-19 in April, 2020. Still a lot
mysteries around dangerous COVID-19 the way it infects
people fast & furious, like in US,
in 2 months, since March 13, from few cases to
more than 1 millions in 2 months, like in US, giving US
population only 2.7 x times than Japan, but 1.3 m cases, Japan
15,500 cases. From Data, only air transmission
can have this fast & furious Transmission in modern technology
century, not old centuries ago.. Giving almost Asian
countries wear masks thus reduce a lot of cases. Almost cases
come from industrialized rich countries Europe, North America.
Doctors, Scientists, still confused. No
effective treatment, no medicine, no vaccine, so far, only
Talking, Experiment, Testing..
The more info you have ->
The smarter you are than no brainier ->
The better decision you make for you family, children, customers,
and others in community. Save Lives.
On May 5, 2020, Dr. Fauci advised people wear mask.
NOTE: As always said,
People must practice Social Distancing first priority. No one stops
you wearing mask if you feel unsafe. An extra defence you and others
always smart defence
of protection against COVID-19. -> It is
the Behaviour will make a big difference between Life & Death in new
normal COVID-19
1) What should Businesses do to adapt in a new Time of COVID-19? -
Have online strategy. Create, Build a
new Digital Cloud Platform, such as: Online
Businesses, Digital Businesses. Businesses that adapt
Digital Businesses Management,
online, distancing Payment,
Cloud Payment, *Cloud Print*
(Only Office software),
*Cloud Receipt*(Only Office
software), Cloud Cashier
like Office software.
Not in-store cashier like tradition store
(Not just pickup/delivery software like 3rd party vendor charge alot
of commission) to manageOrders, Customers,
Pickup/ Delivery, more profit, less cost of operation, no commission paid for 3rd
party...
will be
a winner as smart businesses.
And smart business needs smart people.
Tradition Business
more cost,
location, manpower, already gone
out of business.
COVID-19 will stay longer,
around 2 years more of social distancing even
reopen business.
So even reopen business, customers in-store
are reduced 75%, because social distancing.
Like before 100 customers in store. Social distancing required
only 25 customers. -> Less Profit.
NOTE: We have seen
a big jump demand
for our Office software during COVID-19 -> See
[Office Slide Show]
on top page
2) One good news when a lot
bad news every day. Take it.
=> Some people say:
During COVID-19, people suffer, heavy
losses. Big Home Price jumps make people uncomfortable.
=> A Scientist answers :-
Open mind. See far. Toronto Home
Price up 157,000$,
and 200 Billions dollars add on
and filter thru Canada Economy, not just in
Toronto, is a big gift
created from thin air, not from Tax Payers
Money, and no need working hard for 20y of saving, tax
break for middle class around 2500$
/ year, cost Gov billions of dollars. So many countries
devastated, damaged by COVID-19 dream
of this kind of money will help them recover later 1,2,3
years from now.COVID-19 has
more few times damaged Economically than Financial Crisis in 2008 in
short time, according to a Japanese
Economic. I am only a
messenger sends good message. Right now, Toronto Home Market
is only hope for people losing hope,specially for Middle Class own
Home, Condos currently see big losses, their businesses much damages
during COVID-19. Ave Home Price in Toronto up
157,739$
-> Home Price, Condos
Price up across the board. Estimate
around Toronto Home Price
up 157,739$ and GTA up
110,000$ -> Add on 200
Billions to the Economy in just
one year. It is as same as COVID-19 Relief Package.
In the past 20y, we see Middle Class Canada their Wealth
growth combined in
Trillions of dollars, has increased
double 2x, triple 3x, 4x.
On average
Canadian Middle Class Wealth
=
427,271$.
Which is most Wealth in industrialized country, G7.
90% of
Wealth, came from the increase of their
Home Price.
Because Home is 90% of Middle Class Wealth. For example, 20y ago, Ave
Home Price around 218,000$,
a Semi Detached Home around
260,000$, Detached Home around
320,000$ -> Which today
price creates a lot of Millionaires in
Toronto.
A 20y middle class in Toronto says:
- We have seen a lot
of them from Nothing to become Millionaires in Toronto.
You have to live in Toronto to see or Do grade 5
math. All is about Data. See far. According to
a Canadian Scientist, who live
thru, survival 20y middle class big city like Toronto, live thru
middle class in Industrialized Country like Canada, who see many Gov
Policies that has effect to Middle Class, who
wear Middle Class shoes in order to Understand. What Middle
Class Life Style and every day Living, Struggling, Hoping for ?...
Who has done a lot Research about
Bottom Up Economics
in industrialized Countries.
It is the Middle Class who pay the
Bills, all kinds of taxes, Income Tax (main source of
Revenue for Federal), Sales Tax (main
source of Revenue for Province), Property
Tax (main source of Revenue for City) ... It is the
Middle Class, millions of them,
combined Wealth in Trillions of dollars, who is heavy lifting the
Economy, and main leading force driving Consumer Confidence, 65% -
70% of GDP and Economy. -> This Middle
Class Wealth will help Consumer Confidence 65% of GDP, Economy
Recovery in many recession -> It is the Middle Class create Jobs,
grow Economy and increase GDP. =>
Canada is the only country in Industrialized Countries has created
the Ministry of Middle Class and Prosperity last year Nov, 2019,
first time.
=> Toronto & GTA
Housing Industry, hundreds of billions of dollars, ave price up
$157,000,
add on
200 billions dollars , still
stand strong, is good news.
During COVID-19, all
kinds of people, all kinds of Industries, all kinds of businesses
asking for help, asking for money, for relief, cost
hundreds of billions of dollars. During tough challenging time of
COVID-19 a test
of one-in-100 years ->
Good performing Businesses, Industries
will survival during tough time, stand up, and keep going.
3) Question & Answer
during COVID-19. Question:
- What should Businesses do to adapt in a new Time of COVID-19? Answer: -
Have online strategy. Create, Build a
new Digital Cloud Platform, such as: Online
Businesses, Digital Businesses. Businesses that adapt
Digital Businesses Management,
online, distancing Payment,
Cloud Payment, *Cloud Print*,
*Cloud Receipt*, Cloud Cashier like Office software.
Not in-store cashier like tradition store
(Not just pickup/delivery software like 3rd party vendor charge alot
of commission) to manageOrders, Customers,
Pickup/ Delivery, more profit, less cost of operation, no commission paid for 3rd
party...
will be
a winner as smart businesses.
And smart business needs smart people.
Tradition Business
more cost,
location, manpower, already gone
out of business.
COVID-19 will stay longer,
around 2 years of social distancing.
So even reopen business, customers in-store
are reduced 75%, because social distancing.
Like before 100 customers in store. Now social distancing required
only 25 customers in store.. -> Less Profit.
Question:-
Who is paying the Bills, and the Taxes the most for the Economy ? -
Who is creating Jobs?
- >Trickle Downs Economics believe that
it is Upper Class, Billionaires who are creating jobs. US
President Ronal Regan had used Trickle Downs Economics for creating
his Policy in favour of upper class.
While Bottom Up Economics believe that
it is Middle Class, who are creating jobs, pay most Bills and most
Taxes for the Economy. Which one is true? -> Can you explain
using the real Data to prove, no
blah blah mouth no Data.
Question: - What is
Theory and Foundation of Bottom up Economics? - When we say Bottom Up Economics, we say bottom up the
Middle Class, of course inclusive the
Working Class in Bottom Up Economics, but
Working Class is not the main
leading force for driving the Economy.
Question: - If give 1000$ for Upper Class, for
Middle Class, for Working Class, poor Bottom Class,
what will they do 1000$ first priority?
- Use your life experience thru different social classes.
Question:How do you
define a Middle Class?
- A Middle Class is defined by Income
around over 40,000$ and less than
100,000$. Or defined
by Wealth around Ave =427,271$.
Most Middle Class is having Home, but not a must condition. Like by Income, alot people income over
40,000$. But could
not afford home in Toronto requires at least
130,000$.
A majority of Canadian are in Middle Class
around 65%, 30% Working Class. - Is a Millionaire in Middle Class?
- No. A Millionaire is top 5% of population not in
Middle Class. According to giant bank Credit Suisse there are
4.5% millionaires in Canadian Adult
population, Japan 2.7%,
South Korean 1.8%, Singapore 4.0%, German 3.0% millionaires in Adult population.
Unlike people think, Middle Class by Wealth
10x richer more wealth than Middle Class by
Income.
Question: Does it mean a
Middle Class had over 100,000$?
-> Not really.
49% Canadian, Japan, 60% American, 62%
German (Unification with East German) don't have 100K
(Data from giant bank Credit Suisse)same as
most adult population in Industrialized Countries. An income
40,000$ after Income Tax + Misc
Deductable = 2600$ / month. Not
yet pay for Rent, other Living Expensive -> What ever
country, you must pay Income Tax. -> Pay all
Living Expensive like
Rent, Car, Car Insurance, Gas, Phone, Food, Grocery,
Smoke, Drink, Travel, Misc ... enough survival, no saving.
In Toronto,
Rent 1-bed room = 1600$ / month.
That's why Data from giant bank Credit Suisse
is accuracy. Almost
Middle Class in Industrialized Countries share the same. But Middle Class
Canadian is richer because of
Home.
Used Data we can see thus making good decision.=>
From Data, we see that Middle Class by Income is
less Rich, less Wealth 10x than Middle Class by Wealth. -> It
doesn't matter How much you make -> How much you have that counts.
For example, a middle Class mid-income
50,000$ / year after Income Tax =
3250$ / mo -> Take 50 years
working hard to have same Wealth with a Middle Class by Wealth Ave =
428,000$.
If income = 40,000$ / year -> Take 60
years to have 428,000$.
=> For example, Saving is 600$ / mo -> 7200$ / year
-> Take 60 year to save
428,000$.
- Behavioural economics.
Study about the effect of Emotional
Intelligence, Cognitive Decision, Culture, Society, Psychology, social
classes
of Individuals, citizens on irrational
making decisioneconomically.
It helps us measurable,
understand Human Behaviour better when they react to different Economic
Situation, and Economic Policy. From
Behaviour Economics, we
can develop Policy, designModels
of Consumerism's Behaviour,
Sales & Marketing Strategy
in order to
response to change in Policy and Market Condition.
Which makes the difference between Tradition Economics and Behaviours
Economics.
The importance of understanding Behavioral Economics
for marketers is immeasurable as it allows for a better understanding of the human mind.
-> The Behavioral Economicsusually are scientists who experience life thru
different social classes, wear their shoes.
Question:During COVID-19, should we give a
bit more for Middle Class, who suffer the most by Income?
- For example, A middle Class income from
50,000$ or 4000$ / mo now down to 2000$
/ mo giving by relieve benefit? -> Not really. Japan, Canada
gives the same money distributed the same to every one,
regardless social classes, rich, poor, income,
even the working class more advantages in benefits,
less losses economically by COVID-19. But US process differently thru
EI system giving based on Income, make easy eligible. Then give extra 600$
to every one, rich, poor, regardless social classes. This way fair, simple
process, simple rule, easy design software system, avoid wrong payment,
double pay...
- Giant Banking Credit Suisse
forecasts Canada Millionaires will big jump more than 1/2
next 5 years, 2023 more than any G7, developed countries including
US. This Report from 2018, where Ave
Home Price = 787,856$.
Most of the big 1/2 jump Canadian
Millionaires from Toronto, where an increasing Home value.
Currently Home Price up more than 100,000$, there
are260,000Millionairesin
Toronto,
Singapore is the richest country in Asia has183,737
millionaires.Recently, Hong Kong takes the lead over Singapore as richest
country in Asia.
Less than $100,000:
Canada 48.9%, Japan 48.9%, UK 50.6%, Singapore 52%, US 60%,
German 62%, S.Korea 60%, Thailand 99%, India 99.3%, Indonesia
99%, Philippine 99.2%, and 95% World population. - Almost 1/2 Adult population
in rich developed countries like Canada, Japan ... don't have
100,000$. -> Not easy to have 100,000$, unless have home.-> After
COVID-19, the number could up 10%
more people don't have 100,000$ on top current good number in good
time.
For example, in Canada, Japan = jump 60%
have no 100,000$ from 48.9% after 1st wave of COVID-19 for 4 months
-> Government any country will not
afford 2nd Wave COVID-19 of money giving same money in 1st
wave -> Save money
for next big raining day.
Unless having vaccine take at least 1 year. COVID-19 one-in-100
years. A Data Scientist Professor
looks at this real number => In
US March,1 only 62 COVID-19
cases -> In 18, April, 706,880
confirmed cases. =>
Giving already strict Social Distancing -> What if not?
Millionaires Rank by number not
ratio by Population
US #1 =8.7m millionaires in 330 million
population, China #2 =1.9m in 1.4 billion, Japan #3 =1.6m in
127m, German #4 =1.02m in 84m, UK#5 =894,000m in 68m, France #6
=878,000m in 70m, Canada #7 =505,000m in 38m, South Korean #8 =
477,000m in 52m, Australia #9 =474,000m in 25m, Italy #10 =418,000m
in 60m.
If rank Millionaires by Population, Canada or Australia could rank#1
Data from Giant
Banking Credit Suisse -
Canada provides Canada Emergency
Response Benefit (CERB) package relief to people who lost job
because of COVID-19 virus for 4 months of benefits. It includes people, such
as:
1) Who do not qualify for EI, such as, not enough Insurable Work Hours. Such
as, in the past to apply for EI in region Toronto required 700 working hours
or 4 1/2 month will get 14 weeks benefits. Now because of COVID-19, even
work less than 4 months, work Part-time less hour /week, still eligible for
EI Employment Insurance Benefit -> Will get 16 weeks benefits of
2000$ / months.
2) Who work on contract, precarious, seasonal jobs, short term, part time
contract job ... Qualified.
4) Increase more Canada Child Benefit (CCB) currently regular benefit 550$ / month
/ child for child under 18 age.
5) Increase more benefits for Seniors, Free Interest for Student Loan
...
6) People who got sick, stay home take care children, on quarantine because
of COVID-19 also get 16 weeks benefits of 2000$ /
months
7) Wage Subsidize 75% employee salary dated back March 15, 2020
to encourage Business keep employees,
cheaper Loan Credit, 0 interest for 1 year, grant 10% of Loan if paid
off loan on time for businesses.
8) If you receive the Goods and Services Tax credit (GSTC), you will
automatically receive a one-time special payment by early May of almost $400
for single individuals and $600 for couples.
9) Ontario is doubling the Guaranteed Annual Income System (GAINS) maximum
payment for low-income seniors, for six months starting in April
10) The individual tax filing deadline is deferred to June 1, and the
deadline to pay any balance due for your individual income tax and benefit
return is deferred to September 1.
If you expect to receive benefits under the GSTC or the Canada Child
Benefit, it is advised not to delay the filing of your return to ensure your
benefits for the 2020-21 benefit year are properly determined.
11) Gov is working with lenders to allow deferred mortgage payments (contact
your mortgage provider for details).
12) For Canada Student Loan holders, there is a 6 month, interest-free
moratorium on Canada Student Loan payments.
13) Ontario Student Assistance Program (OSAP) loan repayments are suspended
from March 30-September 30 during which time borrowers will not be required
to make any loan or interest payments.
14) The Province is setting electricity prices for time-of-use customers at
the lowest off-peak price, 24 hours a day for 45 days effective March 24.
15) The City of Toronto is providing a 60-day grace period for property tax,
water and solid waste utility bill payments and late payment penalties as of
March 16.
COVID-19 is not biased Rich, Poor, Color of
Skin ... Everyone has loses big or
small depending each story. A True Story:
It is true story on TV from a different country.
A local office is giving relief gift, including noodle bag, rice .. to
people effected by COVID-19 economically. Most of them poor line up for
receiving gift.
There was a man drove a car, parked near by
parking lot. Then he lined up for gift. - People criticized: -
You are rich, have car. Why do you still need gift?
He was rejected the
gift. The man explained to TV reporter:- "
Before COVID-19, I had good job, work very hard, made a lot money, a lot
more than minimum wage, a lot more than money giving by Gov to support
citizen during COVID-19. So I can afford home, car go to work. Since
COVID-19, I lost job, lost income. I have more bills to pay than anyone
line-up here: Car Insurance, Car loan, Gas, Home Mortgage, Utility, Home
Property Tax, Home Insurance ... I am also much difficult situation."
-COVID-19 happens
or not, people have nothing not much changed. Canada gives 2000$ / month,
500$ / week, for 4 months, for every one lost job same as Net Income of
minimum wage 14$ / hr = 2240 $ / mo after Income Tax.
So the people, like Middle Class, who work more than minimum wage, more
Living Expensive like Home, see big lost. Most people think abstract
from feeling (quick, general, simple. No need Data take long time, do
research. Tiered or How Do Research? ). Like on TV
says people of working class, low wage most suffered during COVID-19.
Using Data, middle class lost, suffer most.
Update: On April 12, 2020,
in US, thousands of cars line up on
street, drive-thru for relief gifs. Unbelievable see on TV in America.
Described as it happens one-in-100 years.
Like Depression in 1929, only difference is people drive car. The man who is
the Officer to give gift says to TV Reporter: -
Anyone, regardless driving fancy car, living in fancy home, all qualify for
the gift. Because they lost job, lost income like every one.
NOTE: Compared to most
Industrialized Countries, G7, Canada has the most generous Relief Benefit
Package by ratio of population
For example, Canada Child Benefit, regardless
Social Classes, rich, poor, giving extra 300$, every month, on top of regular 550$/mo Child Benefit =
850$ / month / Childfor child under 18
age. During
CIVID-19, consider a low income family, working minimum wage with
2 children will get = 2000$ x 2 (for 4 months) + 1700$ (Child Benefit every
month, COVID-19 or Not) = 5700$ / month.
Update:
April, 15, 2020:
Just-in today.
Canada now expands
Canadian Emergence Relief Package to
people, who work Part-time Jobs, Contract, precarious jobs less hour / week
... These workers will not qualify for EI, or before this expand, because
work contract job, less hour, not full time, such as, work 12 hr/ week, 48
hr / month. This expands will make them qualify for
CERB 2000$ / month for 4 months.
However, the government is
expecting companies to take advantage of the Wage Subsidy Program that gives
75% salary of worker to businesses in order to keep workers, meaning fewer
of them would be in receipt of CERB.
- A Canadian Scientist says: - I see a lot of my friends, who are Scientists doing
high paid from 100$ / hr Scientific & Research job. Employer
can't afford them full time. They get hire working
on part-time jobs, precarious jobs, contract jobs, season jobs. CERB is giving regardless background,
rich, poor, social classes. Every one is treated equally the same benefit.
- Some people say,
Consumer Spending in
trillions of dollars,
account for 65% of GDP Economy, in most Industrialized Countries, G7,
and Middle Class is main
leading & driven force driven in Consumer Spending.
Millions of them Middle Class's
Wealth combined few
Trillions dollars in Wealth for spending. In Canada,
estimate 6 Trillions of dollars or
6000 Billions of dollars of Middle
Class Wealth. On average, Canadian Middle Class has Net Worth around
427,271$. It is better than UK,
German, France, Japan in G7. Without them pay Mortgage, pay Bills, and
Spending every day, Banks, Businesses can't survival.
Consumer Spending more thanGov Spending + Business Spending & Investment
+ Export combined, all around 35% of GDP.
Currently Canada Gov spends for COVID-19 benefit around
200 Billions, around 10% of Canada GDP
2 Trillions only 38
millions population, compared to Middle Class Wealth in
few Trillions. If they have more loses and more
debt increasing during COVID-19 already, then will take a while,
longer recovery for Economy, not big V
shape few months.
For example, Canadian Consumer Spending in
4th quarter 2019 = 1,187,371 millions = 1,188 billions = approximately
1,19 trillions.CanadaGov Budget 2019 =
$355.6 billion
Update:
April, 22, 2020
The new Canada Emergency Student Benefit (CESB): $1,250
per month from May through August for eligible students, and $1,750 for
students with dependents or permanent disabilities
The new Canada Student Service Grant (CSSG): Up to $5,000 for a student’s
education in the fall for students who choose to work in national service
positions and serve their community.
Doubling the Canada Students Grants Program
Broadening the eligibility for Student Financial Assistance
Creating 76,000 jobs for young people in addition to the Canada Summer Jobs
program, in sectors that need an extra hand right now or that are on the
frontlines of this pandemic.
Specific support for Indigenous students
- Will continue updating News relating to COVID-19
Projection Forecasting Data Modeling
- How much is accuracy? - All is about
Data
A Scientist Professor, who is not only Professor Teaching
Data Science, Computer Science, but also Scientist Building Software
Analyse & Manage Data Management
said:
- Recently, COVID-19 all is about Data.
Scientists give people some Models what happened if people not Stay Home,
Physical Distancing. They forecast the worse situation like in US, Dr. Facci,
White Home project could have 100K -> 200K people
died. In Ontario Public Health Ontario President Dr. Donnelly in
April,3,2020 forecast model that COVID-19 could
last 2 years, 100,000 people
could die just in Ontario if not stay home, social distancing. He said: - "Over
the full course of this pandemic, which may last for 18 months or even two
years... had we done nothing, Ontario may have suffered 100,000 deaths".
So let's overview:
Forecasting Data Modeling VS. Data Modeling.
Used by Data & Computer Scientists.
All is about Data
Projection Data Forecasting Modeling -> See
far.
Data and Computer Scientist
used Projection Forecasting Modeling to forecast, projection of Data ->
Then Code, Program, Game Theory, Build
Software Analytics to analyse based on mathematic formula by coding, and
input data in order to project Data. Human can't hand calculate alot of
Data, must be computer software program calculates when input a lot of
input data, read data from various sources. Not talking, guessing Data -> So that for Game
Theory, Planning different situation, Good, Bad,
and Worse situation, and for people
taking the problem seriously.
-> How much is accuracy
Projection Data Forecasting Modeling?
Some models could be accuracy 90% if conditions are met. Good for
Decision Making because can
see Data in advanced happening in different scenarios in order to
prepare, planning, rather blind,
see nothing. - Not scare people.
Some people disagree, exaggeration, but take it seriously.
For example,
Sales Forecasting Software System
can predict, forecast, project Data accuracy how many T-shirts sales
next Quarter, next Month, next Year, based on current Input Data, Historic
Data past sales, Business Rules. But if weather not good, COVID-19 happened,
then of course this forecast, data projection will not meet.
One of application is called "
Data Warehousing " Data Warehousing
is the process of constructing and using a data warehouse. A
data warehouse is constructed by integrating data from
multiple heterogeneous sources that support analytical reporting,
structured and/or ad hoc queries, Data projection,
Forecasting, and Decision
making. Data warehousing involves data cleaning, data
integration, and data consolidations. For example, If
taking seriously, having Projection Data, Forecasting Models from the
beginning in January when COVID-19 just starting in Wuhan -> Then other
countries like US, Italy, Spain, France would take it
seriously early, and thus reduced damages.
People just talk about Models
after already outbreak in Mid-March. ->
Countries should have run Models in January when just
COVID-19 started.
-
Game Theory
click here.
All about Making Choices and Decisions Game
Theory
to demonstrate that, involving both Psychology,
Human Emotion and Choice
-> Human
Emotional Intelligence VS. Data Intelligence.
Game Theory also explains why:
Give Back More -> Gain More.
Forecasting Data Modeling Data has few Techniques, let's exam 3
popular Techniques:
1)-> Qualitative Techniques: -
Usually we get advice from trusted friends, employees, close relatives. Who
we trust, closed. We also rely on our own
experience. But, Qualitative Technique
used Expert opinion like Data Scientist,
Computer Scientist, Professor, Doctor, Researcher .., for
example, and information about special events of the kind already mentioned,
happening, and may or may not take the past into consideration.
Expert opinion is a Panel of diverse
Scientist.
- Quantitative
Technique uses these Methods:
A) Delphi Method: - A Panel of Experts, Data,
Computer Scientist, Professor, Doctor, Researcher,
investigates a sequence of questions by asking. Then get their opinions.
B) Use Market Research Method: - From
several Experts, Researchers to research the problem and give solution.
C) Panel Consensus Method: - The
technique based on Assumption of several Expert opinions, which can help
arrive a better forecast, better than just one person's opinion.
2)-> Time Series Analysis and Projection:
On the other hand, focuses entirely on patterns and
pattern changes, and thus relies entirely on
*Historical Data*.
=> Most mathematical formula on
Theory, on blackboard, on paper, are short program,
easy translate into program by
Computer Scientist.
An Analytic Software
for
Analyzing, Forecasting, Modeling Databased on Mathematic Formula
accuracy for Models and Modeling, not mouth guessing Data as people think,
had built in hundreds
of mathematic Formula. Data are fed from Database (DBMS) and Read &
Populate Data into into Array. -> Then Calculate, Project Data
for Models. ->Then Graph. Some Methods used by
Time Series Analysis and Projection
are:
-- Program Linear Regression
using Java. Not difficult ---
public class
LinearRegression {
public static void main(String[] args) {
int MAXN = 1000;
int n = 0;
double[] x = new double[MAXN];
double[] y = new double[MAXN];
If there are n elements x1, x2, x3, . . .,
xn
in an array and if we want to calculate the
geometric mean of the array elements is
Geometric mean = (x1 * x2 * x3 * . . . * xn)1/n
Input : arr[] = {1, 2, 3, 4, 5, 6, 7, 8}
Output : 3.76435
= (1 * 2 * 3 * 4 * 5 * 6 * 7 * 8)1/8
= 403201/8
= 3.76435
// Main function
public static void main (String args[])
{
int arr[] = { 1, 2, 3, 4, 5, 6, 7, 8 };
int n = arr.length ;
System.out.println (geometricMean(arr, n));
}
}
if (n == m)
System.out.println (weightedMean(X, W, n));
else
System.out.println ("-1" );
}
}
Output = 7
--------
For example, Research the History Data of Ave Home Price in Toronto
for the past 20 years, ups, downs, its changes, and patterns, thru good &
bad times, recession... -> Will help forecast future Ave Home Price. History Data shows that in the past 20
y, * thru 2 x Recessions 2000, 2008, recently Housing
Cooling in 2017 * in 2000 Hi-tech, Dot.Com bubble, 2008 Financial
Crisis and Subprime Mortgage, Ave Home Price in Toronto always Ups, and
double 2x every 10 years. Ave Home Price in 1999
= 228,372$ ... ->
Then Hi-tech Dot.Com bubble 2000,
Stock Market crashed, recession, Ave Home Price in 2000 =
243,275 $, in 2001 = $251,508,
in 2003 = $293,067, 2005 = $335,907,
continue UP ... ->
Then Financial Crisis 2008,
Subprime Mortgage, Stock Crashed, Ave Price 2007 =
376,238 $, in 2008 = 379,347 $,
2009 = 395,260 $, in 2010 =
$ 431, 276...
continue UP ... -> Then
after 2008
recession, 2012 Ave = 497,130$,
2013 = 522,958$,
2015 Ave = 622,121$,
2016 Ave = 729,837$,
then big jump 30% from 2016 to in Spring 2017 in March, April, May =
917,000$
.
->
Then Housing Cooling
in 2017 = 822,737$ after big
jump, then cooling in 2018 =
787,856$,
then back to normal
in 2019 = 883,520$,
latest March2020 = 989,218$.
Look at
Historic Price of Detached, Semi Detached,
in 1999, Ave Home Price = 228,372$, a
Semi Detached Home around 260,000$ ->
280,000$, a Detached around
320,000$ -> 340,000$. If invest
65,000$ for 25% in a Semi Home 20y
ago -> Today March 2020, Semi in Toronto =
1.208 millions, Return On
Investment around ROI = 1.2 millions,
because after 20y already paid of loan Mortgage =
260,000$ - 65,000$ = 195,000$
very small mortgage easily paid off
after 20y.
This ROI = 1.2 millions
same as Buy Detached Home, from in 20y
Investment 65,000$ for Deposit.
Conclusion:
What were you doing 20y ago?
-> Time is money. Go back 20y ago. ->
Invest 65,000$
(around 150,000$ today) 20y ago in 1998, in 99, 2000,
in Toronto to Buy Home either Semi or
Detached, your Return On Investment as March, 2020 same =
1.2 millions dollars.
A Scientist Professor does this experiment to test Human Intelligence
:"- Giving 65,000$ you have option to chooses Buy
Home either Semi Detached or Detach Home." -> 95% people
chooses to buy Detached home for more profits, willing to pay a high
Price. But Scientist,
who witness thru both Semi & Detached Home,
see Data both, found
not really. Both Same Profit. Detached Home
means pay extra more Cost / every month, pay extra 10 years, cost
more = 5000$ / month / 12 mo x 10 year =
600,000$ extra. NOTE:
If you have good money, good stable career,
then choose Detached. But believing that
Detached Home return more Profit than Semi is not True.
A Scientist Professor says: - Choose between
2 x Semi Detached Home = 2.4
millions better, more profit than 1 x Detached
= 1.48 millions.While
Property Tax of 2 x Semi Detached = 1 x Detached
Home.Detached doesn't mean Up more than Semi.-
just recently March 2020, Semi Detached jumps
204,000$
from
1,004,208$ to
$1,208,073,
thus 2 x Semi ROI = 408,000$.
A Detached jumps = 122,000$
from 1,363,357$
->
$1,485,304. A
person used to work in Factory says: - Working minimum
wage (20y ago = 5.50$ /hr, today = 14$ / hr = 2.5x increase) like
Factory Worker, Restaurant Server, Food Server,
Misc Worker .. 20 years ago, Income = 5.5$ / hr x 160 = 880$ /
month -> After Income Tax, Net Income =
748,0$. Then pay Rent 350$ =. Thus having
400$ for all
Living Expensive like Car, Gas, Car Insurance, Glossary, Phone, Restaurant, Drink
... The most you can have left is 100$ / mo
or 1200$ / year for
Saving,
if no Traveling. In 50y save =
1200 x 50 y = 60,000$ => Thus 20y ago, work
minimum wage takes 50 years to Save 65,000$. After 20y, Home
Price in Toronto in 2020 already up more than 4x to near 1 million already.
Hardly to afford a Home.
Too late.
Although Price of Detached more
than Semi, but you pay more Cost / month / in 20y for
more Cost of Mortgage Interest, Property Tax, other Misc Cost to
trade off for high Price Profit.
Human Nature is Greed,
focus on Gain 1.48 millions of Detached, but
ignore Lost that pay more Cost for
Detached.Doing Data Projection Cost /
Profit Analyst, ROI of Semi is as same as
Detached = 1.2 millions after 20y. Look at the
Price Difference after 20y as latest
March, 2020, Semi = 1,208,073$ - 260,000$ = 948,073$. While Detached =
1,485,304 $ - 320,000$ =
1,165,304$
-> Difference = 217,231$ after
20y. But the extra cost you pay for Detached in 20y a lot more than
217,231$.
NOTE:
A Scientist proved that if you used same amount
65,000$ to buy a Detached Home instead of Semi
20y ago, thus Deposit % less than Semi -> After 20y still
around ROI = 1.2 millions
same as ROI as Semi,
because Home Ownership, % Deposit
less than if Buy Semi. You pay more each month for 20y for
Property Tax, high Mortgage Interest, high Cost of
Maintenance for Detached. ->
Use Time Series Analysis and
Projection, we can prove from Projection of Data.
For example, because Buy Semi, thus less Mortgage
Interest, more % Deposit -> Faster 5 years pay off than Buy Detached with
high Mortgage, less % Deposit. Giving your monthly cost for Detached Home of
Mortgage + Property Tax + other Mis Cost = 5000$ => Thus
pay extra more than 5 years = 5000$ x 12
x 5y = 300,000$cost more
than Buy Semi pay off faster than 5year. Therefore,
from Data Projection, we prove that ROI of Detached Home and Semi
Detached is the
same = 1.2 millions dollars
after 20y.
NOTE:
Time Series Analysis and Projection:
tells you that in the past 20y, despite thru 2 Recessions, 1 Housing
Cooling, Home Price in Toronto always UP, and Double 2x in every 10 years.
In the past 20y, all kinds of Analysts, Financial Advisors, Online Newsscare people, said:-
Toronto Housing will down, crashed.
Specially "When Crisis"
during Financial Crisis 2008, Housing Cooling 2017 alot people scare selling
their home. They listening to scary news mouth tongue Data,
straight from mouth. No mention Data
-> But Data tells not only nothing
happened, but also ...Home Price Ups. No worried.
All is about Data.
3)-> Causal Models: -
Uses highly refined and specific information about
relationships between system elements, and is powerful
enough to take special events formally into account. As with time series
analysis and projection techniques, the past is important to causal models.
Casual Models uses Data Relationships, Data Correlations from different
events. The challenge is How to find Data Relationship, Correlation
accuracy. For example, Toronto Home Price is related to
Interest Rate, Immigrant, Inflation, Gov Policy like Stress Test, Home
Supply ... Which involves identifying these
Data Relationships, Data Correlations of
these elements of event. -> Then generate the
forecasts Modeling of Ave Home Price Toronto.
-> There is a Data Relationship, Correlation between Interest Rate and Home
Price, Immigrants & Home Price ... - For example, in 90s vey high Interest Rate 8% -> 6%. Then 2000
recession Interest Rate slowly down from around 6% to
1.75% in Dec, 2019 = Down 3.4x approximately. Same period of 20y
1998-1999 -> 2019, Data Correlation with Home Price ups 4x, in
1999 Ave =
228,372$ -> Ave Price Dec, 2019 = $884,385 = Double 4x approximately. NOTE: Not necessary exact Data
Relationship, Correlation ratio = 4x, but give a view that when Interest
Down trend -> Home Price up trend.
Interest Rate in last 20y:
- Interest Rate very high Feb, 1991 = 16%,
late 90s from 8% -> 6%, 5.75% then slowly Down
starting in 2000 recession to recession 2008 Interest Rate
0.75% -> April, 2009 = 0.25% record low.
Then slowly up to Dec, 2019 = 1.75%. Now, as
March 2020, because of COVID-19 down from 1.75%
to Interest Rate = 0.25% record low
in few months.
=> Which methodology above has been
used Data Projection Forecasting Model in COVID-19?
-
PM Canada Justine Trudeau already answered this question on regular
update morning April, 07, 2020 at 11 am.
=> There are few other powerful
Techniques used by Data & Computer Scientists sorry, too long, can't
describe here.
Data Modeling
Data Modeling: -
Is the process of creating a Data Model for the data
to be stored in a Database.
This data model is a conceptual representation of Data objects, the
associations between different Data Objects (Customer, Product, Order, Order
Detail ...) and the Rules (Business Rules, Logics ...). For example, Data Modeling: - Build a Database Management System (DBMS) that
has Data Collection of Customers, Orders,
Order Details, Products, Supplies ... Techniques are CANDO =
Collect Data, Analyze Data, Normalize Data, Design
Data, Organised Data.
Data Modeling is true Data Collected for Database, Tables Design.
Data Modeling requires understand Data Relationship, 3 of them:
One-to-One, One-to-Many, Many-to-Many.
- The Data
Relationship between Customer and Order is
One-to-Many.
- The Data
Relationship between Order and Product is
Many-to-Many. We can’t represent a Many-to-Many
relationship directly in a database relation scheme. Many-to-Many database
relationship is not acceptable.
** WARNING ** If not resolve
Many-to-Many Relationship
Database will cause data errors, duplication,
corruption, lost data integrity, even lost data. Ask
your Developer if they know or Not. And
How to Resolve this Many-to-Many
Relationship? -> A Scientist Professor said.
Data Modeling has
3 Types of Data Model.
1) Conceptual Data Models:
(CDM)
High-level, static business structures and concepts. This Data Model defines
WHAT the system contains. This model
is typically created by Business stakeholders and Data Architects. The
purpose is to organize, scope and define business concepts and rules.
2) Logical Data Models (LDM): Entity
types, data attributes and relationships between entities. Defines
HOW the system should be implemented
regardless of the DBMS. This model is typically created by Data Architects
and Business Analysts. The purpose is to developed technical map of rules
and data structures.
3) Physical Data Models (PDM): The
internal schema database design. This Data Model describes
HOW the system will be implemented
using a specific DBMS system. This model is typically created by DBA and
developers. The purpose is actual implementation of the database. Table:
(Customer)
Users: 1 ->
Orders (infinitive symbol) is: 1 - to - Many
Relationship ( most popular relationship in Data Modeling ) For example: This is
Physical Data Models of
Business Order Management System
Update March 2020
Quick update:
-Toronto Home Report released in March 5, 2020 for Feb, 2020 last month.
Important News March, 2020
->
We declare Toronto Home Price
now is equal to Vancouver Home Price based on latest Data.
For the first time all Categories,
Detached Home, Semi Detached, Town home, Condos in Toronto now is
equal or surpass Vancouver.
- World Cities in Top 10 Ave
Home Price
in 2019:
Vancouver rank #4 in Global Average Home Price of Cities in the
World in 2019 latest Data in Top 10: 1) Hong
Kong, 2) Singapore, 3) Shanghais 4) Vancouver 5) Shenzhen 6) Los
Angeles 7) New York 8) London 9) Beijing 10) Paris -
Canada has 2 Cities 4) Vancouver, 4)
Toronto now in Top 10 Cities most Ave Home Price in the
world.
- Other Cities in Top 50:
There thousands of cities in the world. In top 50 in the
world from other countries: Australia: Sydney
#13, Melbourne #15, Ireland Capital
Dublin #16., United Arab Emirates (UAE)
Dubai #18, Saudi Arabia Jeddah #14,
Saudi Arabia Capital Riyadh #17,
Spain Barcelona #21,
Thai land Bangkok #33, Malaysia
Kula Lumpur #32, Soviet
Moscow #23, Italy
Rome #22, .
NOTE:Toronto,
Sydney, Melbourne used to be in Top 10. But these cities
were pushed out out of Top 10 List, because "..suffering from
increasingly Affordability constraints
", according to the "Research Report". Which is "
giving European
Cities
in Top 10.
" like London, Paris.
Now, Toronto comes back in top 10, but not Sydney, Melbourne.
Latest Data in March 2020,
Toronto has bounced back to # 4 or #5 before
Shenzhen #5 in 2019.
->
According to a Scientist, who is CS Professor, and has done
Research Scientist for big 5 Canadian
Bank . According to him,
Data has cause, relationship, correlation with other Data.
For example, Scientist can prove that when
Home Price high -> Rent high as well. Data also have
3 x Relationship:
1-to-1, 1-to-Many and
Many -to-Many. Data Relationship between
Student
-> Student ID
= 1-to-One Relationship, because A Student Dave
has one and only 1 Student ID and VS. That Student ID #2156 belongs
to only one Student Dave.
The Data Relationship between Customer
-> Invoice = 1-to-Many
Relationship, because Dave can buy 1 or more
Invoices, such as, Invoice 123, Invoice 317, Invoice 219. And
an Invoice ID#123 is bought, belong to one and only one Customer,
Dave. All is about Scientific Data, honesty,
not biased,
not from Mouth Data.
What is difference between
Scientific Data and Mouth Tongue Data?
Since Toronto Home Price goes up, we have seen
all kinds of mouth tongue price. Scientific Data comes directly from
Research of big International
Financial Organization, Government Agency
released Data. Mouth, Tongue Data comes from people, who just said,
direct from mouth, tongue, not official,
not scientific research. Thus easy exaggerated from mouth to
mouth. Anyone can say anything.
For example, a person said direct from mouth: -
This area, home is worth 1.5 millions.
This person Picks up a few very high Home Price at some high end
Location, such as, Downtown. Or this Home
Price is not proven because hear from other people said so.
When you ask them where that data came
from? -> Almost of them
said they hear from local people, someone, friends, relatives said. And next mouth could
exaggerate Price, so on...
This Price doesn't reflect a whole area, a city.
1) WHY such a jump and
Corona virus has no impact on Toronto Home Price & Home Sales, but
even push higher?
->
Because from now on and maybe
for a while, Interest
begins going down significantly a lot to deal with virus affecting
economy, not only in US, Canada. but whole world, this month
down - 0.5 point, used to be
up 0.25. Never seen such Interest Cut such low since Financial
Crisis 2008. Forecast it will continue go down more even to 0 or
Interest negative like Japan. It helps reduce the stress of Stress
Test. This is good
time for Buy Home for Home Buyers and Home Owners.
A person said: - Thank you
for your Blog boosting me more Confidence and Knowledge on Toronto
Home Market. Toronto is not Vancouver. It is Center of Financial
Hub and Manufacture Hub of Canada. While all kinds of negative
news because of virus, all kinds of sectors down, stock market down,
but at least one good news from Toronto Home Market boosting
my Confidence, and Consumer Confidence in general.
2) Of course, no
matter Rich or Poor, Home ups or downs, Home or no Home, every one
still needs to make ends meet, pay bills.
**
What Did You Do 20y ago? **
Take at least 20y Buy
Home in Toronto + high Deposit at least 30% to be Rich
Since 1999 when Toronto Home so cheap? Did
they work low wage in Factory, Restaurant, Server, Engineer...? Go
back 20y. Take 20y be rich.
Case Study:
- A friend of mine, Professor H.,
who started career as Professor in 2006, just
Bought Home in 2016, with 20% Deposit = 200,000 $ for
a
Million Dollard Home. So far, only 3 years Home ownership..
Then still Bank's Home.
Why? - Because
take
him 10y Saving
200K to
Buy A Millions Dollars Toronto Home in 2016 by Prof high salary. So
Buy Home
only 3y in 2020 not much
ownership, only around
25% ownership
(Already 20% Deposit.
Most monthly Mortgage Payment paid for interest, only small paid
for Principal. Stress Test required
20% Deposit start in 2018). Home Toronto already
double in 2016 compared to
2006, Ave =
356,941$, very high
double
2016, Ave = 730,000K.
Thus Buy Home very high price.
Take Professor H. for
10 years, started career in 2006 -> 2016 Buy A Million Dollars Home
with 20% Deposit = 200K. Take Professor H. 10y to Save 200K. Now
only 25% Ownership. => What if a Factory, Engineer,
Teacher ... compared to Case Study of Professor H.
=>
While Professor David, started
career in 1998, 50$ / hr, 96,000$ / y ( NOTE: 96K
in 1998 in today money 2020 = 2.5x , 3 x =
250K -> 300K.
In 1998, mini wage = 5.50 /hr -> in 2020 = 14$ /hr = 2.6x.
Since 20y, Home Price in Toronto has increased
4x. Big Mac, Rent ... has increased 3 x.
By Inflation,
Money decreased Value over time -> Thus, Home increased value.
From a Professor. ).
Prof. David
Buy Home 30% Deposit
within a year, when
Ave Home Price = 219,000$
-> To be rich go back 20y when home so cheap.
From
Case Study
Prof H. started career in 2006, buy
A million dollar Detached Home in Toronto
in 2016 with 20%
Deposit = 200K. Today 2020, Prof H. 's Total Asset = 25% ownership =
250,000$
+ His Home Price
in 3y
has up 150,000$,
in 2016 Ave =
729,837$
-> Ave in
2019
=883,520$(Good Return only in Toronto).
Thus, since started
Professor career in 2006 to now, Prof H, Total Asset =
400,000$(Prof H. still have 50K student
debt, although paid off alot.)
. And Prof D. in 1998, when Ave Home Price =
216,815$. Then Apply
in "real
talk" -> Who were you when started
career in 2006? - Student, Factory, Server, Office Worker, Engineer,
Teacher, Scientist, Professor..?
Back 20y, it
doesn't matter what kind of Home, Detached, Semi Detached. If you
started your career 20y ago as Factory, Engineer, Teacher, you will have
less asset than a Professor started career same 20y ago, like Prof.
D.
Because Professor D. can buy Home with
high Deposit, or multi Homes same year. Not waiting 10y for Saving.
Look at Salary of Prof D. =
50$ / h or 96K / y
from 20y ago, in today money =
250K / y, and do grad 5 math.
After 20y, Professor can buy 4 x new
Detached Home, each 1.3 millions with 20% Deposit each. People are greedy. They
spend 270,000$ for 20% Deposit to buy a
Detached 1.35 millions. Then they think
they own 1.35 millions. How smart is it? They ignoreover 1 millions dollar in debt.
It took 10y for Professor H. to save 200K
from started career in 2006 -> Buy Home in 2016, when ave Home Price
already double Ave 2016 =
730,000$.
How long does it take you to save
200k in order to Buy A million dollar Home in Toronto with 20%
Deposit ?
=>
What if you are not Professor, Salary
less than Professor ? You are late to Buy Home few years
later than 2016, because not enough Saving. -> In 2017, where Ave
Toronto Home Price even higher Ave 2017 =
822,727$. -> In 2018,
Stress Test (OMG. No hope)
took effect make is even harder to Buy Home than in 2017?
-> Just late than 1 year Buy Home in 2017,
even high Salary
like Prof H may lost opportunity Can't Buy
Home, or Buy Home with small Deposit =
10% not 20%
-> While Prof D. most advantaged,
started career early as Prof in 1998,when Ave Home 1998 =
216,815$.
With his salary = 50$ / hr in 1998
equal to 250K /y today money, He can
buy home high Deposit or
multi Homes in 1 year.
Data helps people see far, Problems Solving easy. All
Data is given so people can see & verify.
Much, much, much better than no Data ->
"Real Talk"
A woman said:-
My man saidhe has a millions dollar Home (Rent Home).
He didn't had LinkedIn ( a flag, not a Professional ).
He is not a Professional, and not live in
Toronto. Now I learn a lot from this Blog that Home is the
most important make a big difference between
Something and Nothing.I can analyze Data, such
as, Location, Deposit, Ownership, Ave Home
Price, Total Asset, Need working at least 20y to be Rich, No Home is
Nothing, 100K Ave, because 49% Canadian, Japanese, 60% US, 62%
S.Korea adults no 100K.Thanks.
-> Because even Professor H. such high salary still nearly missed
to Buy A Million Dollar Home
in Toronto.
"Real Talk"
Update: March 6,
2020
To get rich, Ask "
1) What were you doing 20y ago? 2) How much was your salary
20y ago? 3) Where did you live 20y ago?
"
-
Because take 20y working hard, save 50K / year
to be rich
- Because 20y ago, A million dollar
Toronto Home was so cheap.
-
Because doesn't matter what type of Home, take 20y
Home Ownership. Take 20
y to be rich. Of course, no
matter Rich or Poor, Home ups or downs, Home or no Home, every one
still needs to make ends meet, pay bills.
HOW?Ask :-
What did you do in last 20y in order to save 50,000$ / year
continuously in 20y? -> Just ask this simple question and
use grade 5 math. Save 50K / year, live in US, Canada no
easy, unless you are Professor with salary over 100K / y 20y ago.
What if 20y ago, you were in school, or worked as Engineer,
Teacher, or minimum wage Server, Factory? Easy. Use grade 5 math.
Learn many Case Study here.
You can know accuracy Wealth of your partners,
your friends.
Have
Home + Car, but Total Asset =
55,000$A person said:
-
"I have a Home 1/2 millions, and a car."
- Big cheese. -Then show photos of very nice 1/2 million dollars
home, car. His asset in
home actually only 50,000$
because bought Home few years ago with 10%
deposit. Must work at least 30y more.
But still better than Rent Home
+ Used car = 5000$.
Total Asset = 55,000$.
->
This Case Study can find anywhere in
Canada, in US, in the world.
See Ave Home Price in US in 50 states in 2019
from Business Insider. All is about
DATA.
A Scientist Professor says: -
When says ".. I have Home, Car ..."
This is not Data because Home, Car is object,
abstract, imagination. Need be
measured. -> Seems like all Homes
are equal. A million dollar Home same as 100K Home.
Thus easy exaggerate or mislead people. We should use Total Asset to
measure Home, Car. Total Asset is Data because it is
measured. Each Home
Value is different Price depends on: 1) Where City, Town? Location, Location, not big
or small home 2) How Much % Deposit 5%. 10%, 20%, 30% Pay Off
Home fast ..More Deposit faster Pay off Home
like Deposit at least 30% -> Pay off 20y. Deposit 10% -> 30 year.
But longer saving if not high salary like Prof. Example if
buy 500,000$ Home, deposit 100,000$ for 20% take 15 years saving.
Then deposit 10% = 50000$ take only 8 year saving. Most people
deposit 10% because small salary. Can't wait 15y because Home
Price will up 3) Home Ownership = How long Own Home
-> Pay off Home 30y different with Pay off Home 20y is
= If mortgage + property tax = 5000$ / month x 12 mo x 10y =
600,000$pay extra than
Semi Detached Home paid off 20y ->
Choose Semi Detach pay off Home in 20y by increase Deposit at
least 30%, faster than Detached home expensive take 25y, 30y paid
off. -> Thus add on 5y = 300,000$ extra,
10y = 600,000$ extra. After 20y can always upgrade
from Semi -> Detached or buy another Semi. 4) Type of Property = Detached, Semi, Town home 5) Renovation could increase Home Price 50K -> 80K
So when a
person said:-
I have home. You need to
ask:- 1) What is Ave Home Price of Location,
Location. Toronto different with Montreal. 2) When Buy Home how much
is Deposit? 3)
Home Owner Ship? How many years already paid into mortgage?
4) What Type of Home? 5)
Home Renovation. -> All of this make up the value, price of a
Home.
Do not rush into talking. This apply same in Business.
-> Which helps make good decision
and problems solving.
A Computer Scientist Professor,
who is teaching " Data Analyst,
Design, Implementation, and Management " in College for
Computer Science Students, has done this test
to demonstrate the important of using
Data in Making Decision & Problem Solving. He gave students
college level A Case Study.
A owns A Semi detached Home for 20y, bought at
least 30% Deposit. B owns a brand new 1.5 millions Detached Home. Now in market as of March 2020, Detached
home worth 1.48 millions, Semi
Detached worth 1.2 millions. He
asked "- Which one is richer, has home most
value?" -> 95%
of
Computer Science Students at College level said: "-
B has new Detached Home most valued 1,48
millions, richer " Professor laughing said: "
- A is more richer than B. A could buy 4 x
Detached Home 1.48 millions like B, but with at least 20% Deposit,
not 10%. ".
Students ignored Deposit and Ownership,
rush into making decision not good, not accuracy,
not see far ->
Thus apply in Business, Business Development, in Investment, Stock
Market, in Software Design ... could lead to failure. As you
see, today most people are making decision, problem solving no good,
because do not use Data Intelligence
most used by Scientist.
Spend
270,000$ for 20% Deposit to buy
a new 1.35 millions dollar Home.
Then claim I own 1.35 millions, ignore
1.1 millions in debt.
This is too much greedy, too much
exaggeration over 1 millions,
not honesty, blah blah grade 5. Allow
20y work hard & reward
pay off whatever Home -> This
called Work hard & Reward for 20y working hard. => That's why
need Data in fairness, honesty, no biases, good faith.
Want
to be a millionaire? - Big dream = Take 20y Work hard & Reward.
Not late.
Don't be greedy. Be patient. Work
hard & Reward -> Millionaire
take 20y working hard. Move to
Toronto -> Buy A million dollar Home
at least 20% Deposit around
200,00$
-> Work hard 20y.
A
millionaire couple walking on the beach
NOTE: Work hard & Reward.
Not jealous rather an example of encouragement. Millions of
people live in Toronto come from all kinds of backgrounds,
nationalities, from small towns, different cites, who started = 0,
faced challenging, obstacles, biases, in order to make
big dream in big City.
NOTE: As
Scientist, I talk Data. Without Data
people think abstract, not real. What ever their mind imagines,
because lack of Data they can't measure. For example, when said, to be rich, need working hard 20y.
People don't see the "real number".
Can't measure "Rich" -> Why
take 20y long time? - But when I said need saving 50K /
year. Now they see "real Data = Save 50K
/ year for 20y to be rich = Millionaire. " ->
Not
easy to be rich. -> That's why Take 20y.
How do I save 50K / year, when income not even = 50K / year in last
20y. Then I need pay Rent, Tax, Car, Food, Travel, On/Off job...
too. Not easy. That's why need Data so that
can measure.
-> Without Data,
people can say anything, imagine anything that can't measure,
can't see value.
For example, We know Ave Toronto
Home Detached or Semi Home is A million dollars Home.
It seems a lot of millionaires in Toronto, but Not. Data shows
that around 260,000Millionaires in Toronto in 9.6
millions Toronto & GTA population, more than
1/2 millionaires in Canada 505,000 millionaires rank # 2
millionaires by population in the world.
Thus not easy become Toronto
millionaires even live in Toronto.
People Buy/ Sell Home
often after 10y, 15y. Not many people live in home for
20y. Home like Stock, you have to keep long term to see
profit. Don't cash out/ in get profit too soon. ->
The Data of Millionairestells
whole picture of a City Toronto Rich, but not easy become Toronto
Millionaire. Ottawa has 25,250 millionaires, Vancouver
around 40,400 millionaires, Quebec more than 250 years founding
around 106,052 millionaires. China, today a rich country, 1.39 billions
people, but only 1.9 millionaires.
Singapore is the richest country in Asia -> There are 183,737
millionaires in
2019.
->
Without Data, people can't see values,
can say anything, see thru windows, imagine anything that can't measure.
Wealth Asset of Middle Class
American
n US, you can Buy a Home with 10% Deposit + Car -
In US, all you need *50,000$ to have
Home + Car*. US home cheap, Ave Home 300,000$ deposit 10%
= 30,000$ => Have a Home paid off 30y.
Unlike in Toronto Ave home Detached or Semi Detached = above A
Million dollars Home, Toronto Ave Home Price rank #4 in the world,
only after Hong Kong #1. Ave Home in US cheap in most US States is
US Home Ave = $226,800
according to Zillow, but that varies by state. Data no mouth.
-
https://www.businessinsider.com/cost-to-buy-a-house-in-every-state-ranked-2018-8#19-florida-33
- Started Life = 0 alone, no
support in Toronto
at 18. I grow up in Toronto. From no Degree, Poor, Factory to Canadian Scientist Professor Millionaire.
One quick advice: - To be successful in big City like Toronto
-> Use your brain.
CEO of multi-billions corporations
like: Facebook Mark Zuckerberg, Pay Pal, Tesla Elon Musk, Shopify
Tobias Lütke, Apple Steve Jobs, Oracle Larry Ellison, Alibaba Jack
Mar, Dell Michael Dell, Microsoft Bill Gates, Amazon Jeff Bezos ...
dropped out CS. Only CEO Jeff Bezos graduated in Computer Science.
However, all of them had Start-up's Entrepreneurship Mindset &
Spirit, Passion, and Innovation like I do.
Started career as Professor 20y ago, in Middle Class Toronto
20y ago.
From Factory
5.50$ / hr to Professor salary 50$ /
hr, 96,000$/ y 20y ago, today equal to 250,000$ / y.
Minimum wage in 1998 = 5.5$, today 14$ = 2.5x. Teacher = 12$ / hr, Software
Engineer 13$ / hr, Mc Donald Big Mac 20y ago around 2.0$, now 6$.
->
So by Inflation, Home Price
gains value over time up too.
- With this high salary,
Professor could do anything. Buy Home with high Deposit, Multi Homes
- Today, Home in Toronto A million dollars
Home. Middle class Home Owners in Toronto wants to become
millionaire. Big dream. Why not? Congrat
! -> But, allow
20 years Work hard & Reward Home Ownership. Be patient. Don't be
greedy.
Home like Stock long term, don't Buy/
Sell Home too soon after 10y, 15y. Keep at least 20y.
I still continue working
hard next 20y.
- Advice: Jump out of comfort zone:
- In any
country in the world, people like you, whatever background, as a good citizen, Contribute
to society, Work hard & Reward & Get Rich.To get rich, like a
frog jumps out small well, sees big sky -> Just leave
small town move to big City like Toronto, 9.5 millions population,
(of course Toronto includes GTA is its Districts like
other big City, while New York City
and its Districts around 8.4 millions population,
Tokyo 9.2 mil population, Paris
2.1m, Berlin 3.8 mil, London 8.9 mil, Shanghai
24.3 mil. By population Canada only 37.8 millions,
Toronto is biggest city in the world ).
Toronto
where
260,000 millionaires, more than 1/2 Canadian Millionaires live.
In big city Started Life = 0, no family support, not easy, but Reward Big.
-> I, no privilege, did it. You will OK. There are always ups/ downs
like coast rider. Try your best.
Real Talk.
How to Get Rich
= Buy Home, Do Business,
or combined:
Work + Buy Home + Do Business:
- Working for company helps you make end
meets, pay for Living Expensive. Hard to Get Rich. ->
50K salary, after
Income Tax + Rent = 65% of Income.
Then 35% for Living Expensive like Car, Car Loan, Car
Insurance, Gas, Grocery, Shopping, Restaurant, Drink, misc
Spending, Phone, Internet, Beauty, Cloths, Travel, On / Off Job,
Lost Job...
50K salary
/ year
take you 30 years saving
200,000$. Not
enough Deposit 20% for a Home in Toronto.
=> A friend of mine who is full-time Professor, salary around
200K, stated career in
2005. Just bought A million
dollars Home in Toronto in 2017, just 3 years
ago, after 12 years working, saving
200,000$ for 20% Deposit Home in Toronto.How long does take Buy Home in Toronto with
20% Deposit if not Professor?
=> In new normal COVID-19, can't depend on
Government, on Company for long time.
During COVID-19 companies lost profit nearly 90%. Take a while for
them recovery. Even Government is not sure if it can continue
supporting relief benefit package. GDP
hit hard few times more than Financial Crisis 2008 just few
months COVID-19. The Relief Package only half way, but
Gov Message out " - Back to work "
-> Advanced notice for you prepare, before Relief Benefit
runs out.
-> To get rich you need Buy Home or Do
Business, combined: Work + Buy
Home + Do Business. - Buy Home take 20 years, but less risk because you
have no choice either pay for Mortgage or pay for Rent.
But need Buy Home right Location like Toronto.
-> In the last 20y, Buy Home Detached or Semi in Toronto returns on
average 50K / year equal to salary of 65K / years.
- Do Business a lot of risk, but can help you get rich.
=>
A sample of
Prof David, click
Cheque in
1998,
50$ /h, 96,000$ / year
equal to
250K /y today
- Update March, 2020. 20y ago, I already loved Detached Home in Toronto. Click here see bigger
photo
- 20y ago Professor salary 50$ / hr, 100,000$
/ year could afford this Detached Home no problem
- Another View. Not all Detached Home as big as this one, most
Detached same size as Semi. -
Click here see
bigger photo. At peak, Ave Detached Home in Toronto =
1.56 millions, Semi Detached Home = 1.35 millions.
NOTE: In 2016, Ave Home Price 730,000$ includes all
properties: Detached, Semi, Town home, Condos. Thus Ave just Home
Detached & Semi, would be higher. For example, Ave Home in Toronto
is 883,520$ in Dec, 2019, but Ave Detached, = 1.35 millions, and Semi Home = 1.1
millions.
=>
Analyze
in Feb:
When analyze you need to provide Data
as much as possible. Don't
use your mouth, people mouth.Data helps measurement. Without
Data, you can't Measure -> Can't measure then Can't See, Can't
Value. -> Can't see, can't value -> Make decision no good. Lack of
Ability, Capacity. Lack of Vision.
Blind. See near, see good as same as bad.
Biases.
=>
- Could you forecast next 10 y
Toronto Home Price ? Will analyze ROI
(Return On Investment).
=>
Yes, use data last 20y. Soon.
=>
- Put 200,000$ in Stock Market or in
Toronto Home Market? Will analyze ROI
(Return On Investment).
=>
- Upgrade from Semi Detached Home to
Detached Home or Buy another Semi Home? Which one more values, more
benefits, less Cost, less Risk, economically make sense, and
Richer?
=>
- In 20y, minimum wage, and all kind
of salary had increased significantly more than double. Example,
minimum wage has increased 2.6x from in 1998 = 5.5$ -> 14$ / hr in
2018. Do you think Buy Home today is easier than 20y ago? Prove used
Data.
- Can't prove
by saying that:- Home in Toronto very
expensive, Ave = a million dollar Home. -> Not see far,
not good, not enough Data. Can't make good decision. But, at
least you give 1 x Data
Ave Home in Toronto = a million dollar Home. Still better than
people direct blah blah from mouth Grade 5,
not any Data. Example, Some people said: -
" Condos in Toronto worth 1
million dollar. Or, Home in Toronto very expensive worth 2m, 3m
dollars. Or, my friend home just
bought 1.5 m in that area. Or, I see a Home 2 m for Sales in
that area." - Yes it is true that there are a lot
million dollar condos in Toronto, there are Home in Toronto worth
expensive multi million dollars. But no good Data,
not scientifically, fake Data, exacerbation, lack of education.This is biased
because you just pick up small quantity of expensive million dollars
condos, expensive multi million dollars Homes in
some areas, some streets. some people to present all
properties in Toronto. People said this,
their Ability & Analytics = Grade 5, don't know
anything, exacerbation, fake data.
-> How? -> Need to Take
Average of all Properties =
883,520$, of
Average of each type of Property, like Ave Detached =
1.35 m,
Ave Semi = 1.1m,
Ave Condos = $663,894
... in every streets, remote areas, all Districts, Municipalities,
small Towns in City, like Real Estate Industry of Toronto.
No exaggeration.
-> Said a Data & Computer Science Professor
-
Currently, Both Detached & Semi Home
Toronto Ave =
A Millions Dollars Home.
- In Dec 2019, Ave Detached Home Price
= $1,318,953Year-to-Date. And Semi-Detached
HomePrice = $1,044,675 millions Year-to-Date.
And Ave Home Price in
Toronto = $883,520 Year-to-Date.
NOTE: About Data
Collection. Usually, every month you get monthly Data
compared to same months of last year, called:
Month-to-Date Data
from report every month. OK
accuracy, reflection month by month Ups / Downs.
The most important Data is
Year-to-Date Data, which
is summarised, calculated for A
Whole Calendar Year of Home Price for that year.
Most accuracy.
Update January 2020:
New Home Price in Toronto, and GTA already
out in January, 2020 for December, 2019.
Stress Test Caution
according to CEO Royal Bank. Read this
article about the Housing Market View of CEO Royal Bank,
one of the biggest bank in Canada. According to him, "-
Stress Test has decreased the Demand for Housing Market, caused
looming and rankled for Real Estate Industry ". Stress
Test caused less Demand on high price Property like Detached Home.
Consumers will buy more on less Home Price Property. But he admitted
that Stress Test is good policy when Interest low. He also admitted
that bigger challenges for Housing Market not in Demand side but in
Supply side. Canada continues attracts an increased number of
immigrants. Translate stress test into real Home Buyer. The stress
test means that, a borrower with 20 per cent down payment
or Deposit 20% = 120,000$, and an
income of $100,000 a year, even like
salary of Professor, could qualify to buy a house worth about
$597,000,
while ave Detached Hone = 1,35
millions. Harder to qualify
Buy Home. As
we said, not easy Buy Home in Toronto.
If you could not Buy Home 10y ago, you will never Buy Home
now in Toronto.
The
Return of Detached or Semi Detached is the same after 20y Buy Home.
See prove below.
Where Canadian Millionaires live in Canada, and How Many of them?
Latest Update:
Jan, 2020
The Star is number #1 News Paper and
Media in Toronto.
Data from The Star in 2012 validates about Data in
2018, we show Canada has 505,000 millionaires.
=> With 505,010 millionaires Canada
rank #2 of millionaires By Population in the world
after US
What does it mean as
millionaires?
- It means Success. Hardwork & Reward. A big Dream,
not easy achieve in 3 x Generation.
Not about money, rich & poor, as small minded thinking. It's
hard because less than 4% in population, even in rich
country like Canada rank #2 millionaires. Canada just
creates a new Ministry of Middle Class and Prosperity in
Nov, 2019.
How difficult to become Canadian millionaires?
- Canada rank #2 Millionaires by population in the world.
More than 1/2 millionaires around 260,000 millionaires, live
in Toronto, GTA (Districts around Toronto) of 9.5 million
people, about 2.7% population ( still
a lot, much better compared to ratio of Japan millionaires
population ), ave Home Price in GTA
= $850,000, in Toronto
= $930,000.
In this Blog, we use Data to prove that it is not easy to
Buy Home in Toronto. If already Buy Home, take at least 20y,
high deposit to pay off home.
A Professor, who Teaches
Computer Science, Data Analyst & Management, also
Builds SoftwareAnalyze & Manage
Data says:
- That's why Scientist use
Data, no mouth tongue easy. Data helps make decision
more accuracy, see value because: "-
Value measured by Data, thus need Data & Computer Scientist
who then used Data Science & Methodology
( Such as, CANDO = Collect
Data, Analyze Data, Normalize Data, Design Data, Organize
Data ) to measure &
analyze, not by What people think or say." See far.
Says:
A Professor, who Teaches Computer
Science, Data Analyst & Management, also Builds
SoftwareAnalyze & Manage
Data. Without Data,
mouth, tongue easy, biases, see near.
For example: - Use mouth, tongue, that seems easy Buy
Home in Toronto, because they said
so. Working in factory, low wage few years can
Buy Home. Then just Toronto, GTA had millionaires at least
500,000 mil, more richer than S.Korea
52m, Australia, Italy 61m.
Impossible. So dumb.
Big corporations like Google, Facebook, Amazon have CEO, VP,
CMO, COO, CTO are Millionaires. Senior Management, Directors
are Millionaires.
Sales Executives
who are millionaires,
usually from big
corporations, have in charge big accounts from multi million
clients, get more trusted by big clients.Real Estate Agents who drive new and expensive
cars (even car loan) will sell more, at top. Because they
create impression on their Clients, like, they are good &
successful Sales Executives. Which has been proven.
NOTE:
In Canada, US, any countries,
people can't be biased because of their
Social Class, Rich, Poor, Background, Gender.
Money is a measurement of "Hardwork & Reward" - Everything
... Everything you do, work, you get paid by Money.
Everything you need (home, car, food).
Everything you buy
(brand name, luxury, latest iPhone ...) is measured by Money. You go to school, you
Work hard 9am-5pm whole life for
Money, just to
make money. You need
Money to Buy
Home, Condos, Car, nice Cloths, Luxury Beauty .. You need
Money to Live
to pay Rent, Food, Doctor, Hospital, Education, Children ....
You need
Money to Live your Dream
Travel, open Business, leisure,
enjoy life.
Whoever you are. What ever you do:A Business person, A Scientist, a
Professional, a Worker, you are millionaire
means: - You work hard. You are success.
The Law of Attraction
says:
- If you said don't need money. Money not
important. ->
You don't see values of Money -> Then you
don't try harder, work harder, don't want to advance
your career. Self-satisfy. Spend money
-> Then Money will not come to you -> You poor,
bottom, poverty.
- If you said you need money.Money important.
-> You see values of
Money -> Then you work harder, try harder,
advanced your career. Not-satisfy. Save
money -> Then Money will come to you -> You
out of poverty, Middle Class, Rich.]
A Scientist
says:
- I attract to Money since I started Life = 0, very poor,
still now in need of Money. I see value of money. I am Saving, less Spending. That's why I work very hard,
improved my career from Factory to Scientist, Professor.
- A millionaire couple
walking on the beach, enjoying life.
Scientist track
4 Professionals, started life = 0 for 20y in 1999.
(update 23/1)
From this, you can Analyze using Grade 5 Math, in 20y
period, who can Buy Home, and How Much Deposit,
and How Much ROI (Return On Investment).
If you started
working later in mid 2000s, the later, the harder Buy Home,
specially Stress Test makes harder Buy Home, and Home Price
increased more than double. For
example,
from
2012 -> 2018 in 6 years, Ave Toronto Home Price near double
from $497,130
-> 870,000,
an increase = 373,000$.
Always check
LinkedIn
to make sure their background.
Almost Professionals have
LinkedIn, a Timeline of
their Career, their Experience, their Life, their Education,
easy to know they Have Home or Not.
If they don't have then they are
not Professionals.
John chooses to live in Montreal, cheaper living.
French culture relax, less hustle.
While Peter,
Dan use Brain, see far, chooses Toronto. It
is biggest city of Canada, Head Offices of big Banks,
Stock Market, Financial Institutions, big Corporations, and
Center Hub of Manufactures.They see Toronto its potential of growth as Canada grows,
like growth stock. Jenny chooses to live in Ottawa, nice place, quiet,
civilized & intellectual, less crowded all kinds people,
less stress, less cost. After graduated
from Canadian University,the four
professionals people started career, worked hard for 20y, Buy Home.
All of them Buy Home at least
20% Deposit because of good
salary as Professionals.Result after
working 20y: Just Grade 5 math + Data Home Price in Toronto
here. Always check
LinkedIn to make sure their background.
-
Peter
Engineer, in Toronto, Buy Home
early in 1999
with high Deposit,
already own Home ownership
= 20y. Sees his Wealth increased to
1.1 millions.
Based on current Ave Home Price in 2019 of Home Price in
Toronto, Detached Home = 1.36 millions,
Semi = 1.1 millions. If
include other assets such as, Cash,
Bank Account, Car , RRSP (or 401K after
20y), Stock, Jewry ...
probably around extra 200,000$.
Which means that if Peter have no Home, after 20y
working hard, he should have 200K including everything:
cash, bank account, car, stock, 401K (RRSP) ...
Because have Home, His total asset =
1,300,000$
or
1.3 millions.
=> Toronto Home Price ROI
(Return On Investment) around
40,000$ (= Net
Income of 55K) ->
50,000$ (= Net
Income of 65K) /
per year / 20 y. Already
happened in 20y in Toronto. Not forecast.
Data there, but people don't see.
Until now Scientist makes sense Data.
Or equal
Net Income of salary
55K -> 65K
every year, or around
4% -> 6% / year.
Sometimes 7%.
Stress Test
has impact. Average
Stock Market return 7%.
At peak 2017, Toronto Home Price increased or
returned 32%.
In 2019, it returns
47,063$
(= 65K Net Income)
=
5.6%.
Translate into
real money:
In 1999, Ave Semi Detached Home around
200,000s -> In 2019, Ave around
1.1 millions
= 850,000$
Return, For Detached Home around
950,000$.
Next 2 years,
Peter Total Asset = 1.39 m. NOTE:If Peter Buy Home late 10y
in 2010 like John, Jenny. In 2010,
Ave Home Price in 2010 =
431,276$
double from 1999 =
228,000$.
Peter's Wealth will be reduced
significantly.
His total asset
(including every thing Home, Car, RRSP, Cash ...)
= 800,000$.
Because he Buy Home 10y later at high
double Home Price, and so far only 10, 12 years ownership
2010 -> 2019.
In
this Blog, you can see * Data every where *
when we write. When we said we always have
Data.Say
without Data means not proven.
People can blah blah
anything talking without Data.Having
Data is always better fact, true, knowledge, smart,
honest than No Data. As
Scientist we talk by Data, do Research, different
with other people straight from mouth easy. We dare
to show people Data when we say,
because we are
honest, intellecture. For
example,Henry bought
Early
Semi-Detached 20y ago, High
Deposit at least 30%.
-> Jenny bought 3 x New
Detached Home 1.36 millions, with 20% Deposit
= 272,000$ each in
2019.
-> Peter sold his Home bought 20y ago for 1.1
million. Then He bought 4 x
brand New Semi Home with 20% deposit =
222,000$ each. Semi =
1.1 millions dollars based on Home Price in 2019.
Who has the most
value? 90% people will say Jenny because
she bought 3 x New Detached Home. 80% people say
Peter because he bought 4 x New Semi Detached. 30%
say Henry.
- But actually, Henry has the most value,
only 1 x Semi Detached home 20y ago returns
1.1 millions,
more than Helen = 284,000$,
more than Peter = 220,000$.
- While Jenny = 3 x
Detached 1.36 m x 20% Deposit each, Total
Value of 3 Detached =
816,000$. Peter = 4 x
New Semi Home 1.1m x
20% Deposit each, Total Value of 3 Semi =
880,000$ => The reason because people
see only GainsJenny has 3 x brand
New Detached Homes, OMG
3 x brand New Detached 1.36 m
= 4.08 millions
dollars. But
ignore LostJenny
Debt = 1,088,000 /
Detached home, Total Debt 3 x Detached =
3,264,000$. Peter
has 4 x brand New Semi
Home, Total = 4.4
millions dollars = a lot money. But Peter
Debt = 880,000 /
Semi home, Total Debt of 4 x Semi = 3,520,000$.
While Henry has 1 x Semi Home 20y ago =
1.1 m.
But No Debt
=> Home Ownership:
-
People ignore Home
Ownership, how long % own Home, Bank owns %.
Home
Ownershipexplains
why 3 x New Detach Home, 4 x New Semi
Detached Homes still less value at least 200K
than 1 x Semi Detached Home 20 y ago.
=> People
focus on Gains 3 New Detached Home
1.36 m each, Gains =
4.08 m.
Ignore Lost
1,008,000 millions
debt each Home. Total debt, Lost =
3,264,000$ => Peter
Forecast:
Peter from no debt had
1.1 millions, want to sell his home to
Buy Multi Homes.
Now he has 3 x Semi homes =
3.3 millions, with
2.65 millions dollars in debt. Because
today Home Price high, big Mortgage, not like 10y,
20y ago.
A lot of debts, a lot of risks.
Could gain alot but could lost
all. Peter asks a
scientist Professor see his future.
The scientist Prof said: "
- You 2 choices: 1) You buy Multi Homes could
increase triple to 3 millions in the
next 25, 30 years. Dear friend,
took 20y working hard to have 1.1
millions.
And working very hard 25y for it. Or could lost
all, very risky, too much Debt. 2) Take it 1 x
Home = 1.1 millions as value now.
Including all other asset Car, 401K =
1.3 millions.
You are already
millionaire. Relax, travel.
In next 2 years, Home will increases 4% ->
6%
/ year = 65K salary / year, already Data proven
last 20y 1999 -> 2019. Thus, next 2 years, your
Total Asset
= 1.36
millions. Home
keeps increased next 5y, 10y, So on. Which choice
you want?"
-> Data.
-> Without Data, people use Eyes, Ears, Mouth to
evaluate based on assumption,
Like It or Not, biases.
-> Scientist calls:
Behaviours Economics" = A Study about Human
Behaviour of common people,
their reaction to various changed from
Economic Policy, Economic Conditions.
- Dan
Professor,
in Toronto,
Buy Home early
in 1999 or 2000 with
high Deposit,
already own Home ownership
= 20y.
His
Wealth increased to
2 millions. Because started career early high paid job
as Professor, 4x times higher than Engineer,
Teacher. Which allows Dave Buy
Multi-Homes, and
Buy Home early + high Deposit.
=>
A sample of
Prof David. Click
Cheque
20y ago,
50$ /h, 96,000$ / year
<=
- John
Engineer, in
Montreal 2nd biggest City of Canada after Toronto, increased
400,000$
(including other assets such
as Cash, Stock, RRSP...),
Ave Home Montreal = 379,000$.
Based on current Ave Home Price in Dec, 2019.
John doesn't pay off the Home yet. He bought Home only 10y,
still have another 15 years to pay off 25 y home
amortization Because the first 10y just for Saving Money
to buy home. After 20y, he owns
around 45% Home Ownership.
- Jenny
Teacher, in Ottawa Capital of
Canada, increased to 450,000$
(including other assets such as Cash, Stock, RRSP...). Ave Home in Ottawa =
442,000$,based on current Ave Home
Price in Dec, 2019. Like John,
Jenny doesn't pay off the Home yet. She bought Home only
10y. Because first 10y just for Saving Money to buy home.
Still have another 15 years pay off
25 y home amortization.After 20y, she owns around
45% Home Ownership.
Another advantage for Dan is that with his salary
as Professor, he could Buy Home within a year. While
other Engineer, Teacher may take at least
10y of Saving to Buy
Home after they graduated from University and started
career. They Buy Home 10y behind Dan. After 10y,
Toronto Home Price increased double. -> Thus they Buy
Home with expensive double price
->. Thus their Wealth decreased
double a lot, significantly. Jenny, John lucky had
Home. Without Home, both probably had asset around
100K + Car.
What if take Home
away from middle class, millionaires in US & Canada? - 90% their wealth
in Home, their piggy bank.
Just look at their Home then
we know how much they have.
Easy. No Home =
Nothing. Anything else
is small, like car.
Value of Home Price
depends on where they live,
Location Toronto, Ottawa...,
Deposit 5%, 10%, 20%, 30%,
Ownership, how long Buy Home,
5y, 10y, 20y... A Story:A man is showing his girl friend his
home. He said:- See, I own
Home.
She doesn't know anything about Home. Then later, she knows that his Home is very cheap around
200,000$, deposit only
5% (in US) =
10,000$, need 35y, 40y paid off.
Then he took her to work in same
factory. He owns Home, but need to work factory 35y
to pay off. His
Total Asset only 10,000$.
She will be good partner help to
pay off Home.This kind of story alot.In industrialized countries, like US,
Canada, working as minimum wage, low wage,
need 2 x Income to survival. No
way he can afford her to stay home as house wife have
children.In Canada, she has Child Benefits around
600$ / month
/ child. Have 2 children in 10y = around
100K. - Looking at Data, Middle Class
and Millionaires in Canada, specially Middle Class Toronto,
are better finance than in US, because
Home Price in US low Price. How Do
People Spend their Income?
Income every
month, pay for Mortgage (or Rent) first 1st priority
= 40% -> 50% their income. ->Just Mortgage (or Rent),
and Income Tax already take away 65% of Income every
month. -> 1) Then
Home Bills like Property Tax, Utility, 2) then Car,
Gas, Car Insurance, Car Maintenance, 3) then Living
Expensive, Food, Grocery, Phone, Internet, 4) then
Debt, 5) then Entertainment, Eat-out, Smoke, Drink,
Vacation & Travel (could cost a whole year saving), 6)
then On/ Off Job lost Income most stress for Home Owner.
7) then Miscellaneous Spending like Hospital,
Medicine, Dental, Child Care, all kinds of Fees, Tuition ...
-> So many then, 7 then for 35% remain
Income. Not much money left. Very much the same for every one in
Industrialized & Developed Countries.Very hard to become millionaire.
Professionals, Teacher, Engineer 20y working hard in
Montreal, Ottawa has 400K.
-> All Home Owners work hard, make ends meet.
They have more
expensive to pay than people no home.
People put money in Home, in Stock.
Only idiots put money in Cash under
bed, and spend fast.You have to live as industrialized middle class home owners in
Industrialized Countries in order to understand their
lifestyle.
- Looking at Data, Middle Class and Millionaires in
Canada, specially Middle Class Toronto, are better finance
than in US, because Home Price in US low Price.
NOTE: - Ave Home Price in Toronto in 1998-1999 around
219,000$.Today in
Dec, 2019, Ave Home Detached in Toronto =
1.36 millions, Semi
detached = 1.1 millions.
Peter, Dan, makes Decision by Brain, right Place. See
far. While John, Jenny makes Decision by Heart, Like It or
Not. See near. Take many Generations work hard,
achieve as same as Dan, Peter in 20y.
Thus by choosing where Location to live will make
a big difference.
NOTE: 20y ago,
with that big salary of Professor,
50$ /h, 96,000$ / year
easy Buy Multi Homes. 20y ago, Minimum wage Factory
Worker, Restaurant Server 5,5$ =
10,500$ / year. Engineer, Teacher
12.50$ / hr = 24,040$ =>
A sample of
Prof David. Click
Cheque
20y ago.
<=
Data in 2018,
Canada has
505,000
millionaires, an increase
83,000 millionaires since 2012 -> 2018, near 20% in 6 yearor 3.3% / y. Put Canada
rank #2 of millionaires By Population in the world.
From 2012 -> 2018 = 422,000 -> 505,010 of millionaires
= 20% of Growth. Ontario, Toronto
gets half of increase = 10%, thus from 2012 = 47% ->
57% of all
Canadian millionaires population, because Home Price has big
increase 370,000$ from 2012 ->
2018 in 6 year. And 1/2 Growth of 20%
in 6 years = 10% Growth for the rest Canada.
Quebec, Montreal increase =
2%, thus from 2012 -> 2018 = 19% + 2 % =
21%. Already,
Both = 78%
of all Millionaires population Canada.
The rest of Canada =
22%
What about Canadian Millionaires Population if Toronto Home
Price did not increase? ->
Toronto is not Vancouver.
It is Toronto that hat increased the big number of Canadian
millionaires population. Toronto is
big difference with Vancouver. It is the biggest
City of Canada, large population 9.5 mil, Headquarters of
large Corporations, Head Offices of biggest Banks, Stock
Market, the Center of Financial Hub, and Manufacture Hub of
Canada. To stimulus the Demand of
Housing outside Toronto, Vancouver, Government of
Canada has policy already in effect since Sep, 2019 to
support Home Buyer by financing 10% for home under
800,000$, free Interest Loan. As a result, we see recently,
Home Price goes up across Canada. For example, Ottawa up
11.5%, Montreal up 9%, Kitchener-Waterloo up 15% ...
NOTE: From 1998-1999 -> 2012, Ave Toronto Home
Price more than double from
219,000$ -> $497,130, an increase =
278,130$ in Toronto. Which
puts 100,000 extra millionaires on the list.
From 2012 -> 2018, Ave Toronto Home Price near double from
$497,130 -> 870,000, an
increase = 373,000$.
Which puts 83,000 extra millionaires on the list.
"- One of the assumptions behind
the
increase in the number of millionaires is that Canadians'
housing wealth will continue to rise — no collapse in that
market " said
Jim Davies, an author of the study
and Economics Professor at Western University.
Ontario, Toronto from 2012 = 47% ->
57%
in 2018
an increase 10% (even more) =
287,900 of all
Canadian millionaires population,
because Toronto Housing booming Home Price up near
double, because a huge increase in Home Price
from 2012 -> 2018 =
373,000$ only in Toronto,
not seen in other places out side Toronto like Quebec,
Ottawa, Vancouver, the rest of Canada ...And even the World.
The more far away from Toronto, like GTA, Districts
around Toronto, Home Price is reduced significantly few
hundreds of thousands dollars.
Quebec, Montreal,
8.5 million population, only French speaking province, in
2012 = 19% -> 21%
a 6 year increase 2%in 2018 = 106,052
of all Millionaires population Canada.
Although Home Price does not much increase around
Ave Home Price in Montreal = 380,000$. But
Quebec Millionaires, Upper Class have been rich,Wealth accumulatedover 256 yearsin many Generations since 1763
established of Province Quebec. Came from rich
France Immigrants.
Already,
Both Ontario, its
city Toronto + Quebec, its city Montreal = 78%
of all Millionaires population Canada.
=> Hardly to distribute
22% of
millionaires population to the rest of Canada. So we look
for places where will create millionaires, which is big
City, Capital, rich Location.
- Estimated,
Capital of Canada
Ottawa (population 1,000,000, a million) =
6%
of
Canadian millionaires
population 505,000 millionaires, around
35,350
Millionaires or 3.6 % Ottawa
population. Ave Home Price =
441,800$. Translate into Home (in Toronto
Detached 1.48m,
Semi 1.2m) Ottawa less than Toronto
700,000$ -> 900,000$. NOTE: At peak,
Ave Detached Home in Ottawa =
$550,000s vs. Detached Home in Toronto =
$1.56m =
1,000,000 millions dollars
different
- Province BC (British Columbia), its city
Vancouver
(population 680,000) = 7%
Canadian millionaires
population, around
40,400 Millionaires,
or 6 %
Vancouver population.
Vancouver Ave Home Price has only 50,000$ different from
Toronto. And small population 14x less than Toronto
9.5m. Most important
-> In 2020,
Home Price Detached Home in Toronto = Home Price Detached
Home in Vancouver.
NOTE:
Ottawa 3.6%, Vancouver 6% of millionaires / population is
better than Toronto = 265,000 millionaires or 2.5% of 9.6
million population of Toronto & GTA, because of poverty in
large 52% racialized Canadian &
immigrants, and 9% blacks population in Toronto &
GTA. If just focus on City
of Toronto not including GTA, the millionaires
/ population = 6.0%
in City of Toronto (North York or
North of Toronto, Etobicoke, Downtown... see
Toronto map), better than richest Asia Singapore =
4.0% millionaires per
population. Ave Detached Home in GTA is
164,000$ less than
Semi Detached Home 1.2 m
in City of Toronto.
All is about Data. No mouth data.Use few Average Data,
Scientists can do calculation easily, simple understand,
accuracy. Use
mouth-data, he said, she
said = tens of thousands different Data, unscientific
mouth-data, unknown sources Data, Scientists can not
do calculation accuracy, impossible. For example:My home, my friend's home, my
neighbour's home data, anyone can say anything Data,or pick-up few expensive area Home
Price Data is
biases, unscientific, fake data, mouth exacerbate Data,
pump price up data,did not represent accuracy and scientifically
a whole population data of a city.
Impossible. Says, a
Scientist Professor.
- The rest of Canada
= 9%,
which includes:
- Hi tech, Start-ups area, Silicon Valley of Canada,
Kitchener - Waterloo
Proximately 2%
Around 10,100
Millionaires of all 505,000 Millionaires, population
240,000
- Canada Center Oil Producers in Alberta its Capital
Calgary,
proximately 3%
of 505,000 Millionaires, Alberta population 4.4 million.
Around 15,150
Millionaires
- The remain of the rest
population Canada, other
Provinces, and tens of thousands of small Towns across
Canada proximately
4%
= 20,200
of Millionaires. They
live in Provinces: Manitoba & Winnipeg
(Ave = 306,000$),
New Brunswick (Ave = 178,000$),
Newfoundland and Labrador (Ave =
246,000$),
Nova Scotia & Halifax (Ave =
320,000$) , Prince Edward
Island (Ave = 230,000$),
Saskatchewan (Ave = 287,000$).
Ave Home Price around
500,000$ -> 600,000$
less than Toronto & GTA. Translate into Home
(Detached or Semi) less than Toronto
800,000$ -> 1.000,000$.
Canada’s three territories are:
Northwest Territories, Nunavut, Yukon.
What if take Home
away from middle class and millionaires? - 90% their wealth
in Home, their piggy bank. Income every
month, Mortgage (or Rent) is paid first 1st priority ->
Then Car, Living Expensive, food, debt in second 2nd ->Not much money left. -> They still make ends meet.
They have more
expensive to pay than people no home.
People put money in Home, in Stock most popular.
Only idiots put money in Cash under
bed, and spend fast. You have to live as middle class home owners in
Industrialized Countries in order to understand their
lifestyle.
NOTE: As scientist, We
use Data Science to explain something like Housing, Life,
Economy, Computer Science.
The
Return of Detached or Semi Detached is the same after 20y
Buy Home
(update 15, Jan, 2020)
Scientist has proved that 20y ago, doesn't matter you buy
Detached or Semi Detached , after 20y the return the same.
For example, in 1999 you have
a fix amount of deposit.
If you bought a Semi, you would high deposit at least 30%.
Take 20y pay off, because not
only small Mortgage Loan + but also high % Deposit =
Pay off Home faster. If you bought a Detached Home,
you would reduce deposit very small like 10%, 15%. Take at
least 30y, 35y pay off, because
not only high Mortgage Loan + but also small % Deposit.A different 10y cost Home Owner hundreds of thousands of
dollars for Interest Payment.
For example, 20y ago in Toronto, A
bought a Semi Detached Home with at least 30% Deposit.
B bought a Detached Home with around 10%, 15% Deposit. 20 y
later, both Semi and Detached Home will Return on Investment
the same = 1.1 millions, giving
Semi = 1.1 millions, Detached = 1.35 millions in 2019.
But Detached Home cost more than Semi. At anytime, after 20y you can always
upgrade from Semi to Detached Home. Or better buy another
Semi, 2 x Semi will have combined value =
2.2 million dollars, at least 800,000$
more than a Detached.
But Cost nearly the same. Example Property Tax
of 2 x Semi nearly same as a Detached Home. Semi
Detached Home more profit for Rental
than Detached Home because less cost.
Why not high Deposit more?
- Easy said than done. Not easy.
Because if take 10 years Saving for 10% deposit. Then take
double 2 x time 20 year
for 20% deposit. Then take
3 x
times 30 year Working &
Saving for 30% deposit,
for only high salary like Professor.
People don't wait 20y, 30y, jump in 10% will
take 30y, 35y.. paid off Home.
Today, Stress Test need 20%.
- If you bought a Detached higher price, your deposit
reduced to 1/2 = 12%. Take 30y paid off.
After 20y in 2019 in Toronto,Detached = 1.36 millions. Semi =
1.1 millions.
If you bought Semi Detached.
Because you pay high deposit at least 30%, after 20y, you
completely ownership 100% of Semi = 1.1 millions.
- If you bought Detached only small
12%, 15% Deposit. You own only
2/3 of the Detached Home after 20y,
still work hard for 10y more to own 100%. In 10y, assume
giving mortgage = 3000$ / mo -> A year = 36,00$ -> 10 y =
360,000$. => All this money at least
300K just pay for Interest. A waste of money. After
20y, each year Detached pay 36000$ means you lost 36000$
compared to Semi already Done!. Thus after 20y, you own
65% of Detached
Home = 1.36 mill x 65% =
885,000$.
While if buy Semi, you own
100% =
1.1 millions.
Thus the same after 20y, doesn't matter you buy Detached (
Not includingthe
Operation Cost pay more
for high Mortgage Payment / month,
high Interest Payment because high Mortgage Loan + high
Property tax + high Maintenance Cost ) = your
Wealth = 885,000$ or Buy
Semi, your wealth = 1.1 millions.
=> People ignore Cost, the Operation Cost in 20y or more to
run Detached Home, only Focus on the Home Price 1.36
millions they not yet own.
Human greed only focus on Gains not Lost. This
Economist called "Behaviour
Economics". As we always say, you need a
real Data
& Computer Scientist to see far that people can't
see. Cover your Ears, Eyes, Mouth.
NOTE: We only show you about
the Return On Investment
(ROI) after 20y. Both return
the same money, Semi = 1.1 millions,
Detached = 885,000$.
We do not include the Cost of Operation, such as,
Mortgage, Bills, Maintenance,
Property Tax (Detached more double than Semi,) of
Detached Home seems very high compared the Cost of
Semi. Home Data:
Based on
current Ave Home Price in 2019 of Home Price in
Toronto, Detached Home = 1.36 millions, Semi = 1.1
millions
How Data Scientist
Collect Data:
(update 24/1)
Scientist use
Ave Home Price of Detached and Semi Detached in
Toronto,
Real
Estate Industry also used Ave Home Price more accuracy.
We
don't know or don't care where Peter, Dave live in
Toronto, or where John live in Montreal, Jenny lives in
Ottawa.
- The way
we used Data is to present a whole population in a
City,
not to present particular areas,
not particular people, particular neighbour, street, my friend
home.... (Learn
Data Management & Analyst,
CANDO = Collect Data, Analyze
Data, Normalize Data, Design Data, Organize Data..
Then Talk)
-> Because, in
that area, have thousands of streets with different price,
and also Home Price different price depend on
Renovation. My neighbour Home Price
doesn't mean my Home Price same. The people we use
like Peter, Dan, John, Jenny could represent tens
ofthousands people like Jenny, in large
millions population of a city.From there, you can figure out other type of working
people. For example, if an Engineer had this asset after
20y, what if a Factory worker had? Can
Buy Home? -> Giving the Factory Worker usually makes
less than 1/2 salary the Engineer. -
Scientist don't collect Dataso
distracted with tens of thousands Data Points of
Homes.Talking to 10 people,
each of them has different Data, all kinds of Data, from
mouth, no scientifically proven. Make up Data. A person says: - Home in
this District is worth 2 millions, straight from mouth.
That's why Real Estate Industry
used Ave Home Price
to prevent Pick up some areas in
Toronto, where Detached Home around 1.56 millions, Semi
around 1.35 millions. Then used to present as all Home Price
in Toronto -> Faking Price.Currently, Detached Home is 1.36 millions doesn't
mean all Detached Home = 1.36. Some more. Some less. One
simple Example How To Collect Data: Let's say
we want to Collect Data of Total Sales
= SubTotal + (SubTotal x Tax ).
We don't Collect Data of Total Sales and store in
database. Only Collect Data of
Sub_Total, Tax. Because Total Sales, its values
depends on the variable of Sub_Total and Tax. When Sub_total
and Tax changed, Total Sales is changed.
What if software system is used by
different countries had different Tax Rate? So in
Database, we only Design table fields = Sub_Total, Tax to
save data, but no Total Sales field. This is just simple
example How To Collect Data, Design Data.
In reality more complex
Collect Data than just Total Sales.
=> What if we Don't Know and Design Data store Total
Sales in system. This software system
Design wrong & dangerous.
=> Junior Software focus on Look &
Feel, GUI, Colors, Screen, Interfaces, the Cloths,
the Outside, easy change
Cloths, Color, GUI, Screen,
the most easy task of Design,
called Front-end Developer. That's
why in Software Development, this Design Look & Feel is
given to Junior Developer.The
Data Back end is the most difficultProgramming & Design, need understand CANDO
for Computer Scientist,
the brain of system. .
Of course Computer Scientist understand, know Design of GUI,
Screen -> Because the Design
GUI, Screen, by Design, is depending on Data, and for the
presentation of Data. As you see Data is very
important in Software Design, not just Talking, Management,
Forecast ... Without
Data, people don't see far, blind. Thus no
good making decision, because they think they see,
they know, but not. It is dangerous
listen to mouth, tongue no Data.Listen to Data speaking the truth, no
biases.
Scientists like Doctors, we say open, honestly in good
faith.Because it is our
Professional.
We scientist talk
scientifically.We
talk Data no biases, intelligence, honesty.
-> Said, A Scientist Professor,
who not only
Teaches
Data Analyst & Management, but also
Builds
software to Manage & Analyze Data
Update January 2020: latest Home Price in
Toronto
NOTE: Scientists and Real Estate
Industry used Average Home Price, Bench Mark Home Price, Median Home
Price for equally distributed a whole City, including many
areas, municipalities, streets. They don't pickup some areas, some
neighbours, my friend Home, my parent home...where home price
expensive, then used these Home Price to present a whole City. For
example, in Downtown Toronto, there are Condos = 1 millions dollars.
Then use a million dollars Condos Price to present for price all
Condos in Toronto. This is "faking price"
, exaggerate. Home Price also depends on
Renovation, a 50K Renovation could increased 50K, 70K.
When says Ave
Detached Home = 1.35 millions means not all Detached Homes
1.35 millions. Some more than 1.35m = 1.5m,
1.6m... Some less than 1.35 millions =
1.2m, 1.3m ... Scientists then
used Ave = 1.35m for
Fairly Distributed Presentation a whole
City, not 1.6m nor 1.2m.
Home Report in Jan, 2020. -
Headline:
1) - Lack of Home Listing and Home Supply, while the Demand continues growth
outpace of the Supply. Increase competition between Buyers.
This makes Home Price in Toronto, GTA
increase.
2) - Lower Interest Rate at historic low 1.75% thus lower Mortgage Rate and
Rising Population. See Toronto map,
click here
3) Toronto Star -> Toronto home prices
likely to be hot again in 2020 after 4 per cent increase last year.
Resale home prices rose by 4 per cent in the Greater Toronto Area in
2019. And prices will continue to rise into 2020. Home Sales
in GTA increases 17.4%.
4) During winter months like December, January, February, usually,
Home Price goes down because of the weather,
snow, less Buyers.
5) - Based on latest Ave Home Price of Detached and Semi Detached Home, you
own 2 x Semi Detached Home = 2.2 millions, 1 x
Detached Home = 1.35 millions. Thus owning 2 x
Semi Homes, you have 850,000$
over 1 x Detached Home. But the cost for Maintenance and Property Tax, not
much different.
Ave Home Price 5 biggest Canada Cities in Dec, 2019: Montreal, 2rd biggest City
Canada after Toronto 1.75 millions population, Montreal University, McGill
University, Ave Home Price = $382,000,
up 9.4% compared to last year Dec, 2018. Last month =
$379,000.
=> Rent:
Montreal’s average rent for a two-bedroom apartment is
$809 per month.
Vancouver City,
675,000 population, Tourism, Film Industry =
$1,001,000,
Home Price down
3.1% compared to last year Dec, 2018. Last
month =$993,700
Calgary,
1.26 millions population, Canada Center Oil Producers =
$413,900,
down 1.4% compared to last year Dec, 2018. Last month = $419,400
. => Rent:
Calgary’s average rent for a two-bedroom apartment is
$1272 per month.
Ottawa,
884,000 population, Capital, Ave =
$486,800,
Home Price up 10.3% compared to
Dec, 2018.
Last month =
$441,800. Condos =
314,000$,
Detached Home =
$501,036.In 1999-2000, ave Home price $150,000 => Rent:
Ottawa’s average rent for a two-bedroom apartment is
$1300 per month.
Kitchener- Waterloo,
234,000
population, Hi-tech, Start-up, Waterloo Univ, Head Office of Black Berry, Nortel,
Ave Home =
$527,718,
up 9.3% compared to last year Dec, 2018.
Last month = $566,866.
- Detached Home
$615,000 dollars (Dec, 2019)
in Kitchener-Waterloo -
Condos = $333,000
(Dec, 2019)
NOTE: In 2018, Total millionaires in Canada is
505,000
millionaires. In 2012 before Housing
booming in Toronto & GTA, there were 422,000
millionaires in Canada, 47% of Millionaires live in
Ontario & Toronto = 47% millionaires,
Toronto is its capital, and 19% of Millionaires live in
Quebec = 19% millionaires.
Province Ontario and its Capital Toronto &
Province Quebec and its Capital Montreal = nearly 70% of
millionaires population of Canada.
(See Toronto Star) In 2012, ave Home Price in Toronto
= 497,130$, in 2016,
ave Home Price in Toronto = 730,000$. In 2018, about
more than 1/2 Canadian millionaires live in Toronto,
estimate 262,600 millionaires in Toronto
& GTA 9.5 millions people = 2.7 %.
=> While the richest country in Asia is Singapore in 2018 has
183,737 millionaires
Toronto has 9.5 millions people and ave
just Home Detached + Semi = above 1 million. Why Canada has only 505,000 millionaires ?
-> Because live in 1 millions dollars Home doesn't mean you are
millionaires. Unless you own that home. Take 20y with high Deposit,
25y, 30y, 35y ... Paid off own home. You can
buy 1.35 million dollars home in Toronto with 20% deposit =
270,000$. And only Toronto area code
(416) (see Toronto Map) has Average Home Price Detached Home
and Semi-Detached Home over 1 millions.
See the Ave Home Price posting above. Outside Toronto, like GTA,
Suburban, Average Home Price under 1 millions dollars.
The more far away from Toronto like Brampton
(Ave = 718,000$),
Ajax (Ave = 655,000$),
Oshawa (Ave = 503,000$)
.. Home Price is much reduced.
Few Notes: About Author.
I have been talking about Toronto Home since 2017 at its peak. Started career in 1998 as Professor, I used
Data, based on Data, no mouth, tongue. By simply asking:
- What were you doing 20y
ago in 1998, 15 y ago in 2003, 10y ago in 2008, I can know you can
Buy Home or Not in
Toronto, and How much % Deposit? ->
Data no biases.
How to know? -> Check
LinkedIn Profile. Almost 90% Professionals with University Degree have
LinkedIn Profile.Of course, people with Univ
make at least twice 2 x Income than people don't.
=> As Data & Computer Scientist, we teach other Professionals using
Data Science, avoid mouth, tongue, talking. ->
Making Decision without Data is blind, biases, not good Problem Solving.
NOTE: Do not use this Methodology check on your partner.
NOTE: To answer, you need to know
1) How to Collect Data 2) How to
Analyze Data. Such as, 1)
Where "Location" they live, most
important. Then 2) Ave Home Pricein Toronto for at least 13 years. Why? Because when a person
started career 15y ago in 2003, didn't mean He/ She could Buy Home right
away. Unless salary of Professor. Will Take a person at least 13y - 15 y of
Saving. Then after 13y, from 2003 -> 2016, What is Ave Home Price? ->
Ave Home 1998 =
216,915$
(in 1998, Salary of Professor
50$/hr or 96,000$
/ y = Buy Home in 1 y at least 25% Deposit. Today Ave salary of
Professor 120K, not qualify Buy Home in Toronto, Engineer 12$ / hr or
$23,000$ /
y, Factory, Restaurant Server, Minim Wage 6$ / h or
11,500$ / y)
-> Ave Home 2003 =
293,067$.
In just 5y 1998 - 2003 increased
76,000$. Thus if started career as
Engineer in 1998, you could not Buy Home because of a big increase Home
Price in Toronto in just 5y. -> 5y later Ave Home 2009
= 395,460$.
In 2003 -> 2009 just 5y increased
103,000$. As Engineer started career in
1998, now you were lost so far behind Buy HomeToronto.
From Data, we see that if you started career as Engineer after
2008, very difficult for you Buy Home in Toronto, because an Engineer
started 10y early 1998 could not Buy Home. Unless borrow money from
somewhere.- Because since 2009 -> 2016 a very big increase from
$395,460 -> $730,000 = 335,000$.
increase. =>
Ave Toronto Home Price 2016 =
$730,000. -> Could He/ She afford?. 3) Interest Rate, Their 4)
Salary of Factory Worker, Restaurant
Server, Engineer, Professor ... 5) Income Tax,
6) Debt, 7) Living Expensive =
Rent, Car, Car Loan, Car Insurance, Food & Grocery,
Drink, Misc Spending, Vacation, Travel ... Specially, after 2018
is 8) Stress Test -> These
are main Data that is making decision if a person could afford Home
or Not. Avoid Emotional Intelligence
like Basic Instincts, Ears, Eyes, Mouth, Tongue,
Hear, See, Know, Talk... Such as, I hear people said that, I know him, I see
her showing photo, I hear he/ she said
that ... These mouth, tongue, blah, blah grade 5. As a Data & Computer
Scientist, we teach other Professionals using Data Science, avoid mouth,
tongue, talking. -> Making Decision without Data is
blind, biases.
- What were you doing after 2006?
- ImpossibleBuy Home in Toronto for an Engineer or Teacher started
career after 2006, 2008(2006, ave =
352,000$ -> 2016 = 730,000$ = 378,000$
increase in 10y ).
Rent is better. Or
maybe combined income of 2 x Engineers Buy Home with small 10% Deposit.Easier Buy Home in 80s, 90s than in
2000s. -> Said a Professor by Analyze
Data
- For example,A person graduated Engineer
in 2003, 15y ago. Giving Salary of Software Engineer in 2003
15$ - 16$ / hr, could that Engineer Buy Home &
Afford Home in Toronto. If so, Home Much
% Deposit? Could You Prove by Collect Data, Analyse
Data? No mouth, tongue Grad 5.. -> -
Could a person in 2003, 15 y ago, who was working very hard, in
Factory, Restaurant Server, minimum wage Buy Home and Afford Home in
Toronto?
- For example;20y ago in 1998 -
1999, a Professor could Buy Home within 1 year, at least 20% Deposit.Today, after 2018, how long will take a Professor Buy Home with at
least 20% Deposit to satisfy Stress Test? Could you prove by Collect Data
and Analyse Data? - You Collect Data the same Methodology as shown before.
Such as: Professor Salary, Living Expensive, Ave Home Price in 1998 -
1998, today 20y later 2018-2019 ... Is it easier or
more difficult for a Professor Buy Home, giving even salary has increase
after 20y? - How Long will take Professor Buy Home today,
10y, 15y?
- For example; After 2018, A couple with
2 x combined Middle Income 55,000$ = 110,000$
says Buy Home in Toronto? - Can they?
- Can you explain why?
- For example; EvenProfessor on Ave
Salary 120,000$ (Salary on Sunshine List = 100K) Could
not Afford Home in Toronto. Is It True?
- According to Data, today, in Toronto, you need a Salary of
130,000$ to afford Home in Toronto.
- Latest Data in 2019. 4.5%
of Adult Population over 18 not 37 millions of general population.
In Canada most Millionaires live in Toronto
Big men talk about Home. Common men talk about Car, Cash,
small stuff...
The Law of Attraction says: - If you
talk to people, who are not interested in Home, not Like home, not
understand Home -> Then 90% they had no Home, never Buy Home, not
interested in Home, because lack of knowledge, not Like Home.
Home is the most important investment
of your life.
Almost 90% of online Media
gives you 1 x Data, which is
the Average Home Price of GTA =
843,637$.
This is not accuracy, not good enough to understand Toronto Housing.=> Here, we give you alot of Data,
including Home Sales & Home Price Data of Toronto, GTA separately.
Not enough, we give you Data of each Type of Homes, such as,
Detached, Semi Detached Home, Town Home, Condos. We also give you
Last month Data, Last Year Data of both Home
Sales & Home Price, Data of the 5 biggest Cities of Canada,
including Vancouver. Housing Data
of biggest Cities and States in US. So only one
source from here, You can see a whole view of Toronto Housing
and 5 biggest Cities of Canada, and of
major Cities & States in US. As Data Scientist, We have been doing observation & research
Toronto Housing since its Peak & Fall & Cooling, Ups, Downs, Data
**every
month** since 2017.
We can see a holistic View about
Toronto, GTA Housing. Using Data, we can see something that common
people can't see. Apply Economic, we explain why Home Sales & Price
are driven by Supply/ Demand, by main factors like 1) Immigration,
2) rich Middle Class who can afford-> These rich middle class people
have Capital to Buy Home the most, more than Foreigners, New
Comers, as second investment or help their Relatives. A 20y
Middle Class can Buy 3 x Homes 20% Deposit. Having 1st Home helps
Toronto Middle Class easier buy additional Homes. Canada has the
richest Middle Class, Millionaires by Population in the world rank#2
same as UK. Toronto Middle Class has 1/2 millions dollars richer
over the rest Middle Class in major Cities Canada & US, only after
Vancouver and some areas in US Silicon Valley. More than 50%
Canadian Millionaires live in big City Toronto, not in Capital,
just like other countries. Immigrants, New Comers
helps population growth, increased more demand for Housing. They
are good Renters for Middle class Home Owners.
Immigration#1 Factor -> Population
Growth, Economic Growth, more Businesses
created from
rich Immigrants 65%
of All Immigrants come to Canada,
more Workers from poor
Immigrants, since cheaper to bring immigrants produced right away,
more Products & Services produce -> More people Demand for Rent &
Housing -> High Rent -> more Demand for Home -> high Home Price.Because people don't want to pay high
Rent, thus Buy Home. They also Buy Home, but not as
much as Middle Class Toronto. Even
Immigrants, New Comers high
Demand for Rent also create more
Demand for Homes. WHY?.
So Immigrants is the #1 important factor for
strong Demand Toronto Housing,
unlike Vancouver, and other Cities in US & Canada.
That's why Toronto Housing Market driven by
Immigrants, Toronto Middle Class, Millionaires is different with
Vancouver Housing Market, and other Cities Housing Market in the
World. Toronto is
only City in the World has multi cultures, because high population
of Immigrants. 3)
Interest Rate,4)
The Economy, 5) Inflation money lost
values overtime, price goes up naturally, a MacDonald big Mac, 100K
in 20 y ago different with a big Mac, 100K in today, and
6) Government Policy, like Stress Test, a tool
control only Demand Side, but not Supply Side. Click here see Supply/
Demand Chart, Price vs Quantity for Toronto Housing's Problem
Solving. Thus create competition between Buyers while lack of Supply
-> Home Price continues up unless Supply Side improve.
We also include analytics about Home, which will help
you make a lot of money, make better decision,
and importantly,
you will not be
fool, when someone blah, blah grade 5 about
Home without Data. They already make a lot of money using this
knowledge, make right decision using Data.
Why as Data & Computer
Scientist should talk about Technology, but talk about Home?- Because if
just talking about Technology will not draw a lot of viewers,
boring, and not
much Technology stuff to say every month.
Home is Big. Every one, including
people in Toronto & GTA, and in other Canadian provinces, and
abroad, likes to know more about Home in Toronto, GTA. Which could
apply in their own Housing, their own City.
People work hard a whole life, 9-5 ever day just for Home. People
become rich, millionaires because of Home. We as Data &
Computer Scientist, want to use this Data
Science, Technology skill to apply in Home. Like we use this
hi-tech skill apply in Business-> Build software
helping business solve problem. -> Which helps people
make the most important decision in their life:
Have Home. Have Something.
We use Data, no biases.
A lot people said: - While people talk about Rent better. Reading
your Home Blog, understanding more about Home, we save money, just
Buy Home first time.
Thank You.
November 2019:
Few Notes: Almost
middle class, millionaires, whoever in Toronto still make ends meet.
If some people said they are already have Home, millionaires,
no need money, no need make ends meet. This is narrow minded, wrong.
Every one regardless background, rich, poor, social class, has the needs to
make ends meet.
Home Report in October, 2019. -
Headline:
Sales jump 14%, Price up 5.5%. Semi in
Toronto = 1.1 millions. Detached
in GTA = $952,000,
difference = 150,000$.
This happened almost 9 out of 10.
From now on, we will show the differences between them.
See Toronto & GTA (Greater Toronto
Area) map below.
NOTE: To avoid
people blah, blah, mouth, tongue use few expensive Homes, my
friend's Homes, few Areas have expensive Home Price like Downtown,
then present as a whole. This is dumb grade 5, unscientific,
faking, biases.The Real Estate
Industry uses Average
Home Price of all areas for easy to
understand, keep track, historical data, remember, analyse, fair
distribution, accuracy. Use Data, scientist see far than
common people
For example, saying in 1998-1999, ave Toronto home price =
$219,000, every one can understand easily
Home Price 20y ago vs now = around 4 x times increased. From here,
scientists can analyse -> How Could ave
person can afford a home? What kind of income? -> Then
Data Scientist can see: - While income,
salary grows only 2x or 2.5 times but Home grows 4., 4.5 x times.
Thus nearly double 1.5 or 2 x times
harder to buy home today than 20y ago, even salary increase double
compared to 20y ago. From one Ave Home Price Data,
scientist can see a lot of things. So on .....
A Scientist Professor said:
- Using Data in 20y proves that Buy Detached Home many not return profit
than Buy Semi Detached Home.A
65K question.
-> When Home Price Ups / Downs,
all types of Properties Ups/ Downs. But Detached Home Ups a lot, and Downs
the most. For example, in Housing Cooling in 2017 - 2018, Detached down the
most $300,000, while Semi dows
$100,000, Detached Down
3 x times more than Semi Home. When Home
Price Ups/ Downs, but the Home Price of Detached vs. Semi is difference in
the range [ $150,000 -> $250,000
or around 15% - 18% ].
Based on latest current Home Price, currently, in 20y, Detached
return profit more than Semi =
230,000$ after 20y. Thanks to
Home Price in Toronto always ups in 20y. How about if Home Price downs,
or flat? the Profit Return could be small = $100,000.
But the Extra Cost is always fixed, Interest will Up not small
historic very low like right now. While you buy
Detached Home, you will borrow extra mortgage $200,000 -> $250,000 -> Thus
cost extra your budget for Mortgage, Property Tax (Detached double Semi),
other expensive like Home Maintenance, Home Insurance, around
$ 2000 / month more than Semi Detached
Home. -> In 5 years you pay extra cost =
5y x 12 mo x 2000 $ / month = $120,000
extra cost over Semi -> Thus 10y pay extra =
$240,000 extra
cost than Semi -> In 20y pay extra =
$500,000 half a
million extra cost than Semi. -> Thus for a Detached Home
you pay extra cost in
20 y = 500,000$
near double for the difference Price between Detached vs. Semi Detached = at
the most = $250,000.
The extra cost more than the return Price between
Detached vs. Semi means Buy Detached doesn't means more profit than Semi. =>
Thus 20y ago, Own
a Detached Home doesn't mean you gain more Profit than Semi, because you pay
more extra Cost than own a Semi.
Now look at the Ave Home Price in 20y, 20 y
ago = 219,000$, now Detached = 1,32 million and Semi = 1.1 million, ->
At Oct 2019, the Profit return is of Detached vs. Semi = $220,000
after 20y. But the extra Cost around 500,000$ -> You do not gain but also
you may lost $250,000 in 20y. You don't count the
Extra Cost = $500,000
but count only thedifferent
Price Profit of Detached over Semi in 20y = $230,000.
-> In 20y Extra Cost more than Profit Price between Detached vs. Semi
based on latest Data in Oct, 2019. -> Semi less risky than Detached if
lost income, interest Up, Home Price flat or down.
You can always upgrade
from Semi -> Detached any time will cost around
150K -> 200K, based on current Ave Home
Price = 900,000s. If Detached in future Price may go downs -> Then Buy Semi
first waiting for Detached Price down then upgrade.
=> Because Extra Cost of Detached is big, you will be better buy
2 x Semi detached Homes, value = 1.1 million x
2 = 2.2 millions
over 1 x Detached = 1.32 millions.
=> He said:-
So if some one say Buy Detached more profit than Semi
is not right. Need Data Scientist see far than common people can't
see, see near, blind, small, see biases, making decision not good, because
lack of Data or not trained in Data Science like Anthropologist. Which saves a lot money. Having Data, access Data doesn't means you
can analyze data. You need Data Scientist
make sense of Data.
That's why people see Data but don't see, don't
know what it means.
NOTE:
Emotional
Intelligence vs. Data Intelligence.
Emotional Intelligence is Human Intelligence has evolved tens of thousands
ago when no hi-tech, internet. Human used basic instinct like
Love, Hate, Emotion, Feeling, Greed & Fear, Like It
or Not... in every day making decision, for survival, still today
even smartest educated people, President, CEO.
Emotional Intelligence is easy mouth & tongue,
based on its own life experience, no need
to analyze data, no need train, no need do research first before talk.
And also they are not
trained in Data Science.
CANDO = Collect Data, Analyze Data, Normalize
Data, Design Data, Organize Data. -" It is easy that's why people
like to used.. But without Data, it is blind,
biases. Today, Human in the Fourth
Industry, Internet, Software, Data ... Computer Scientists design
computer system, analyse Data help in making decision. Which is called Data
Intelligence. Using Data Intelligence, we make decision based on Data more
accuracy, see far, avoid biases, avoid Like It or Not.
For example, Only dumb people put a million dollars cash under
mattress bed, in bank account no return, loss value by inflation, easy
spending, or buy Car after few yeas lost 1/2 its value.
90% Asset of Middle Class in Home, piggy Bank.
Every month, first Priority their Income in Pay Mortgage first, is a small
investment continuously for at least 20y.
Asset, Wealth of Middle Class Toronto is
Ave = 1/2 millions dollars
richer, and Home both Detached & Semi Detached in Toronto Ave =
$700,000
richer than Middle Class in any Cities in
Canada and US, except less than Vancouver
70,000$, and few areas in US Silicon
Valley. Ave Home in US = $230,000according to US Business Insider in 2019.
Click
Cost Buy home in 50 US's States in July, 2019.
Data Scientist use computer software system to collect data, analyze
data, normalize data, calculate the numbers including thousands of Data
Set. Then Corporations used computer system to analyze Data,
not mouth, tongue. It is Data & Computer
Scientists who build these computer Systems. Said, a Professor
teaching: "How to Implement Computer
System and Data Collection, Design, Analyst and Management"
=> Home Buyers choose Semi Detached Home because: 1) Detached & Semi detached Home in Toronto are
A Million Dollars Home. 2) 200,000$ extra mortgage is big, not small.
3) Property Tax Detached more double Property
Tax of Semi detached Home. 4) Less cost
Maintenance, Utility, Home Insurance, Heat
5) Good for extra Rental Home, less
cost, less mortgage. A difference Cost, mortgage, property Tax, other Costs
between Detached vs. Semi around extra2000$ / month. All about Data.
That's why we need Data in making
decision, see far.
Usually the difference Price between Detached & Semi in Toronto is around
$150,000 -> 200,000$.
Thus ups/ downs when a Detached 1.5 millions then Semi around 1.3 millions,
and VS.Now
the difference Detached and Semi = 223,000$, Detached still high.
In 2017 peak time, Detached Home Price jumped too
fast too quick because of foreign Buyers. But Detached has gone down
recently to the level used to be, which is different with Semi around 150K
-> 200K. => Right now, Oct 2019, Semi in Toronto =
1.1 millions, Detached in GTA =
$956,000. 2 x Semi in
Toronto = 2.2 millions
while 1 x Detached Home Toronto = 1.33
millions
Home Value not just depends on 1) Location, such as, big
city, small city, town, suburban, it also depends on 2)New
Renovationwill increase Home Value. Like most Homes in Downtown
Toronto are old Homes around 80 year, but very high Price the most in Toronto,
because its location. Unlike Vaughn, North York, new migrants, people just
move in 25y. One my friend just made few
New Renovation 50K increased Home Value = 80K. When buying New
Home, Builders don't build every thing ready, such as, unfinished Basement
look like laundry room can't live.
He said: - Renovation such as, replace old floor with new quality
wood a whole 1st floor, when walking not hear sound,
replace old kitchen with new cabinet kitchen, new Open Living Room Open
Space Architecture. Knock down the walls (hardest, move alot
garbage, debris, labour cost, air dust every where, home owner uncomfortable
living ) and Replace new Floor, new Cabinet
Kitchen ... Usually, people cover windows, don't want to show old home
architecture. Then expand old small stand-only bath room with new bigger space
bathroom, extra bed-room, new Painting, renovation new whole basement like 2nd
Floor, with kitchen, bigger space bath Room, 2x bed room, living room,
separate entrance.
The whole replace new Renovation cost 50K, increase home values 80K, even
better than new home.
Update October 2019: Few Notes:
=> On Ave A
20 year middle class can buy 4 (at
least), 5, 6 x 1.1 million
Dollars Home. Or Buy 3
(at least), 4, 5 x 1.3 million dollars Homes. Satisfy 20%
deposit.
-> How Long
and How Much
% Deposit when you bought Home?
= Home Ownership
-> If Buy Home
after 2006, Deposit less than 20% ==> Home Ownership
less than 50%. ->Very worry if lost job could mean lost Home.
Very worry when Interest goes up, Home Price flat or down.
-> People no Data think when they Buy & Live in a 1.3 millions
dollars home, 20% Deposit, then they had 1.3 millions.
But use Data, Scientist proved that they real asset is only
260,000$, Debt =
1,040,000$. People are greed, always
greedy, think
Gain ( = 1.3 millions)
no Loss (Debt = 1 millions.
This huge Debt is not free, huge Interest payment. They have to work
harder, longer 20y, 30y to pay off this debt.).
Scientist says this is called "Behaviours Economist".
-> A Data Scientist Professor,
who teaches Data Management,
CANDO (Collect Data, Analyze Data, Normalize Data, Design Data,
Organize Data), and *Build & Design Software*
manage data, says: - That's why, as
Scientist, we use Data. Without Data, people blah, blah, blah. Behaviour Economics: Study
about the effect of Emotional
Intelligence, Cognitive Decision, Culture, Society, Psychology of
Individuals on irrational
making decisioneconomically.
It helps us measurable,
understand Human Behaviour better when they react to different Economic
Situation, and Economic Policy. From
Behaviour Economics, we
can develop Policy, design Models
of Consumerism's Behaviour,
Sales & Marketing Strategy
in order to
response to change in Policy and Market Condition.
Which makes the difference between Tradition Economics and Behaviours
Economics.
-> If Save for 10% Deposit take 10 years, then Save 20% Deposit take
20 years. Then Home Price goes up fast, miss home run. That's why a
lot people before 2018 Buy Home with 10% deposit.
Today, Stress Test requires 20% Deposit.
This reduced a lot of Home Buyers because not only
Home Price very high but also Deposit at least 20% very high.
-> The difference between 10% and 20% Deposit is for 10% Deposit,
the
lost huge moneyhundreds of thousands for Interest Payment, longer own Home 30y,
35y, even 40y.
-> - Home Price high because of Location not because of size big or small
->
What were you doing in 1998 - 1999?
- In 1998, 1999, Salary of Professor could Buy 1 x Home 30% Deposit,
OR, 2 x Home 15% each in 1 year in Toronto. Ave Home Toronto in
1998 - 99 = 219,000$, Right Time at Right
Place. Today, this never happens again.
Use this as a threshold Data for 20 year of Wealth.
See Prof.
Cheque 20y ago
-> Can you explain why a lot people work for 10y, 20y but still
nothing? - How much do you create values or Wealth in 10 year?
- Why? -> -
What should you do to improve?
-> The Law of Attraction says: - People no Home less likely interest
in Home, less talk about Home, don't want listen to Home ->
As a result, these people will never Buy Home, Own
Home. - People no Home, or want to Buy Home in future,
will likely want Home Price goes down. Same as,
people who think money not important -> Then Money
will not come to them -> Will likely they are poor.
-> Based on Data, on average,
Middle Class Toronto, Vancouver are richer than Middle Class in other
Canadian Cities 1/2 millions dollars.
- This Home
1.25 millions dollars in Toronto. -
Deposit 20% = $250,000
you can have this home.
Before you buy this million dollars home, ask
this:
1) Do you have Income at least $130,000
?
2) Are you sure you don't lost job
in the next 12 years to pay big
mortgage. Lost Job = Lost Home, because you have new home big
mortgage at least $900,000, around
$8000$ / mo. Work very hard, longer, no peace
of mine, no rest.
3) If you buy the new Detached home, then rent out, then not good
idea, less profits. Because Tenants don't care new home, Detach or
Semi. They care cheap rent.
For rental better buy Semi- Detached Home for Rent, because
small mortgage, less maintenance cost, small Property Tax. More
profits.
4) Bad Tenants pay no rents hard to kick them out according,
and they damage your home.
5) Detached very high Property Tax at least
$600 / mo, high cost maintenance, utility, big
mortgage payment .. When Home Price goes down, Detached Home down a
lot more than other property. For example, Toronto
Housing Cooling in 2017, Detached Homes in Toronto dropped from
1.55 millions to 1.3 millions =
$255,000. While Semi-Detached home dropped only
$80,000.
6) Detached Home
Cost more / mo,
but no good Return On Investment. Price Semi-Detached return
7x times more
than Home Price Detached. See Ave.
- Buy expensive Detached Home doesn't get much return also cost
more, because you
pay more
Detached Home Price for Mortgage, Property Tax / mo ...
WHY? Because compared to last year,
Semi-Detached Home Price up 7%, 7 x more than Detached Home up only
1.2%. Price down more often. Thus, Semi-Detached return more profit
7x than Detached, and less
Mortgage, less cost Property Tax, less Home Maintenance, less
Utility
-
Based on Average Home Price Data,
both Detached & Semi-Detached are
categorized as A million dollars Home. Compared to
last year, Semi-Detached Home Price up the
most, up more than Detached, Town Home, Condos, in all
properties.
These are experiences from Detached
Home Owners, or both Detached & Semi, who kindly share their
experiences to you that no body wants to tell.
A
Data Scientist Professor, who has been research, followed
Toronto Housing, since 2017, said:
- Recommend buy a Detached
home more profits. Better if can afford,
like salary of Professor,
rather buy only 1 x Detached not smart
(for example, rather upgrade from Semi
to Detached no smart, dumb, buy
another Semi, cost a little more but worth it),
buy 2 x Semi Detached
Homes,
with at least 20% Deposit even more profits than a Detached, and
less risks, whatever ups/
downs.Currently, a
20 y Middle Class
can buy at least
3 x Detached Homes
with 20% deposit.
Go back 20y,
if you buy a Detached or 2 x Semi Detached, the 2 x semi detached
would return more than
1/2 million
richer than buy 1 x Detached, and less risk when market ups/ downs,
easy sleep.
He continues: - During Toronto Housing
Cooling in 2017, we see a Detached Home dropped
$300,000
( already recovered a little more);
While 2 x Semi detached dropped each only
$80,000, in total = $160,000.
And 1 x Detached Property Tax = 2 x
Semi Property Tax. While combined value of 2 x Semi = 2.15 million dollars,
Detached = 1.35 millions. In conclusion:If you owned 2 x semi
detached Homes, your asset would be
$600,000
richer than 1 x Detached Home. (Update 28,
Oct, 2019)
NOTE:
As Data
Scientist, Computer Scientist, we are trained in Data
Science, Data Analytics & Management. We can see something that
common people can't see.
CANDO = Collect Data, Analyze Data, Normalize Data, Design Data,
Organize Data.
For example, Using Data, rather upgrade from Semi to Detached
no smart, buy another Semi much
better profit, same property tax, less risky when market down.
Increase asset to extra $750,000 dollars more than Detached
Home. When sell home, commission, other costs, already cost a
lot of money. When buy home, small cost. Semi detached Home is good
for Rental Home, same square feet as detached, less cost, smaller
mortgage, smaller deposit, small property tax, less Utility,
maintenance -> More profit.
- This Detached Home
1.3 millions dollars
in Toronto - Deposit 20% =
$260,000 have this home.
- Depend on Location, such
as, Toronto, GTA, Suburban, Semi Detached even more
expensive than Detached Home. Home Price up also depends on
"Home Renovation",
such as, Open Space Living Room
Architecture, new good quality wood Floor, new
Kitchen, expand Bath rooms, extra Bed rooms,
Finished Basement completely like second floor ...
This add extra at least
50,000$ to your Home.
Home Owner shows a new
Detached Home 1.3 millions, but
real Home Ownership
Value only
20% =
$260K, not 1.3
millions, with 1
million Debt.
People have impression they own 100% Home 1.3
millions dollars, not think about debt, but real Home
Ownership Value they had only 20% =
$260K.
In US & Canada (in Canada
before 2018 Stress Test required 20%), a Home Owner
bough a Home $500,000, with 5% Deposit
= $25,000. The Home Owner said :"-
We buy this Home 1/2 millions dollars." .Most
people have impression they own 100% of 1/2 million dollars
Home. But true Ownership only 5% =
only$25,000.
They ignore Debt = $475,000
take 35 year paid off.
- Why? Because human is greedy,
think Gains ignore Lost. This called "Behaviours Economics". - The Lenders, Real Estate Agents make more money when you pay
longer contract.- You lost more money for Interest Payment when have longer
amortization of years pay off home.
=> The Home Ownership is determined by:
Home Ownership = How many
years you
already Paid Off Mortgage
(How long bought Home),
and the Deposit %
(5%, 10%, 20%, 30%)
for that Home.
NOTE:
Before 2018 need 10% = 100K. Even 5% to buy this home. The
difference between 10% and 20% is = Cost extra
few hundreds of thousands payment of Interest.
Which means less profit, work longer pay off
mortgage.
People greedy.They spend 200,000$ for 20% stake to buy a million
dollars home.
Ownership only 20%,
but think they are millionaire, own a whole 100% home, no Debt.
But if people want be millionaire, then
be millionaire.
Welcome.
- A 20y Middle Class can buy at least
3 x Detached Homes 1.35 millions dollars.
- This Semi-Detached Home in
Toronto sold over asking price 10% from $1,096,000 to $1,217,500
less than Detached Home $140,000. Recommend buy a Detached
home more profits. Better if can afford,
like salary of Professor,
rather buy only 1 x Detached not smart
(for example, rather upgrade from Semi
to Detached no smart, dumb, buy
another Semi. Cost more but worth it.),
buy 2 x Semi Detached
Homes,
with at least 20% Deposit even more profits than a Detached, and
less risks, whatever ups/
downs. Currently, a
20 y Middle Class
can buy at least
3 x Detached Homes
with 20% deposit.
When housing is very hot,
all properties Detached, Semi, Town Home, Condos are up but Detached
up % more, like in spring 2017. But when property not hot,
people and Gov Policy look for
Affordable Housing. Then
Semi-Detached, tends up % more, like this year, Semi up 7% 6x times
more than Detached up only 1.2%.
When Housing down, cooling
Detached down a lot more
few hundreds of thousands
dollars ($300,000
detached
vs. 80,000$
semi
in recently cooling after peak in 2017 )
than any properties.
At the present, Detached still lost around
$200,000.
People are willing to pay more for Semi, like this Semi home =
$1.218 millions, only less $140,000 than Detached home = 1.36
millions. In general, Detached when Housing hot, Up -> It is % Up
more like in 2017. Same as, when Housing down, more affordable,
Detached down a lot more,
few hundreds of
thousands dollars than
other properties,
and price longer recovery.
During Toronto Housing Cooling after peak in 2017, Condos did not
down its Price
(or down very small less 1%, while Detached
Price down around 15% - 20%),
Detached down the most around
$300,000.
Any time, you can upgrade semi to detached. A
20y
middle class
can buy at least 3 x Detached satisfy Stress Test 20%
Deposit.
=> Said a Canadian Data Scientist, who followed every month Toronto
Housing since 2017.
Can you list for sales your Home 1$? - Yes. To invite
bidding, draw attention, bring people come see your home, you could
list your home price lower, even 1$, like auction. It happened at
Birchcliffe-Cliffside, Toronto. Listed for $1 for 11 days – sold for
$1,040,000. Success!
This case has been learned by a lot Sellers. But usually, list lower
from 10% -> 15% value of your home, not 1$.
=> A 20y Middle Class Home Owner = 2 x times Middle Income 65K
combined can afford Home in Toronto. - But, A 20y Middle Class better, not afraid
of losing Home. While the 2 x 65 K middle income combined
lost home any time. Grade 5 can prove. Can you?
-> Both Home Detached and Semi Detached
Home Price in Toronto categorized as A million dollars Home. Detached
Home more expensive but Property Tax 2 x
times more than Semi-Detached home. Semi Detached Home Property Tax =
250$ / mo, 299$ / mo, Detached Home =
600$ / month. When Home Price goes down, Detached
Home down a lot more than other property, specially Homes in downtown
Toronto. For example, Toronto Housing Cooling in 2017, Detached Homes
in Toronto dropped from 1.55 millions to 1.3 millions =
$255,000. While Semi-Detached home dropped around
$80,000.
A
Data Scientist, who followed closely
monthlyevery month Toronto Housing Data, its
Trend since 2017,
has Relatives own Detached Home. He said:
"- When Housing hot very on Demand like in
2017, Detached Home Price up fast around
1.56 millions
dollars, jumped up fast & big.
But when Housing not hot, people are looking for "More
Affordable Housing", Detached Home
less hot, less Demand, then its Price goes
down fast & big, Greed & Fear.
In 2017, Toronto Housing began cooling, Detached Home dropped
from 1.56 millions to 1.25 millions. It went down fast and big from
$200,000 -> $300,000.
Today, Detached Home = 1.36 millions,
has recovered its price a little bit. While
Semi-Detached went down around $80,000. When people
looking for "Affordable Housing"
Home Price more affordable, Semi-Detached becomes more popular,
seems performed better than Detached Home too expensive, big
Mortgage, high Property Tax, more risks than semi-detached Home.
Semi-Detached Home Price this year
up 7%,
return 7 x times ROI than Detached Home.
=> Can Detached Home comes back to its peak in 2017 = 1.56 millions
dollars? Not sure, now people are looking for
Affordable Housing. NDP (New Democratic
Party)is calling for to increase Supply 500,000 homes built,
15% Tax on Foreigner Buyers. Which could put Home Price goes down
alot, worry Middle Class in Toronto, GTA.
While Liberals only 1% Tax on Foreign
Buyer's vacant Home + 10% Financing Support of Mortgage toward value of their
Home, help first time Home Buyers, increase financing support for Home Price
from 480,000$ -> near 800,000$. A Home $425,000 save 239$ / mo, Home
$800,000 save 500$ / mo on Mortgage payment / mo. Boost more
Demand for Home.
No NDP politician has been elected in Toronto, GTA in Canada
Election Oct 21, 2019. NDP dropped to 4th
places from 39 to 24 seats, lost 15 seats. NDP no gain any seat in Toronto,
GTA. Vaughn, Markham went to Conservative. The rest Toronto,
GTA's seats went to Liberals. It is Toronto, GTA
saved red Liberals. "
Some main Housing Policies promised in Election Oct, 2019:
NDP: - Increase Supply 500,000 new
Homes built + 15% Tax on Foreigner Buyers
Liberals: 1% Tax on Foreign Buyers
vacant home. 10% Financing Support, invest in first time Home Buyers and
increase support for Home from 500,000$ -> 800,000$. Save 500$ / mo
on Mortgage Payment.
- Conservatives: Review Stress Test.
Bring back 30 y amortization mortgage payment. Not required 20%
deposit, 25 y amortization, like Stress Test now.
Click
Millionaire Households Rank in the World-Click
Cost Buy home in 50 US's States in July, 2019.-
Salary needed to Buy Home in 20 major US Cities.
Click.
NOTE:
Today the average Home price in US is
$226,800 according to US Business Insider, different depends on different States.
In Toronto, Income around 140,000$
can afford a million dollars Home.
=> As Scientist, we use Data. Without Data people blah, blah
like Grade 5.
- Toronto, 9.5 millions population =
City of Toronto, 3 millions population ( Its
Municipality = North York (see Notes from North
York Real Estate), Etobicoke, East York, core Downtown
Toronto. (416) Phone code ) +
GTA ( Greater Area Toronto =
Vaughan, Markham, Richmond Hill, Brampton, Peel, Mississauga, Scarborough,
Oakville, Pickering, Ajax
...), 6.5 millions people. Just like any big City like New York
City, Tokyo in the world, Toronto has its City,
which is, core City or City of the City, which
is City of Toronto. In the City of Toronto has
its municipality like North York... and Downtown Toronto,
where big Banks, Financial Institutions, Stock Market, Gov Agencies. And
Toronto also includes Districts (GTA)
around. For example,New York City, 8.6
millions population, consists of five Districts, each of which is a separate
county of the State of New York. The five Districts –
Brooklyn, Queens, Manhattan main core city,
City of city New York City, like City of
Toronto, The Bronx, and Staten Island – were
consolidated into a single city in 1898
- GTA has 4 Regions.
York Regions includes: Aurora, East
Gwillimbury, Georgina, King, Whitchurch-Stouffville,
big District ones = Markham, Newmarket, Richmond Hill, Vaughan in
York Region. Peel Region includes:
Brampton, Mississauga, Caledon.
Halton Region includes: Oakville,
Milton, Burlington. - North York not in any GTA's
Regions, but in City of Toronto. See notes from North York Real
Estate.
GTA (Greater Toronto Area)
District around Toronto. Population around 6.2 millions.
GTA Ave Home Price =
960,772$. Include: York Region,
Peel Region, Halton Region Rest of GTA (905) =
931,834$. Include:
Durham Region
City of Toronto,
or 416 phone area code, population around 3.3 millions. 2 biggest
University of Canada is : York University rank
#2 in North York, University of
Toronto, rank #1 in Downtown.
where Ave Home Price =
1,022,051$.
City of Toronto, 3.3
millions population. Its
Municipality
= North
York, Etobicoke, East York, core Downtown Toronto.
Top 5 Biggest Cities in US & Canada:
1) Toronto = 9.5 m,
City of Toronto
for Toronto, where Stock Market TSX, Center of Banks, Head Office of
5 biggest Banks of Canada, Financial Institution, Manufacture Hub.
Population = 3.3 m. Toronto is Capital of Province Ontario.
2) New York = 8.6 m.
City of New York is
Manhattan,
where Stock Market, Down Jones, NASDAQ, UN Headquarter, Center of
Financial Institutions US, population = 1.7 m (like
City of Toronto
for Toronto). New York is Capital of State = New York
3) Los Angeles 4m, 4) Chicago 2.8 m 5) Houston 2.3 m
Toronto = GTA + City of Toronto
A lot of confusion using Ave Home Price for Toronto.
Most big Media like
BNN, City News, Toronto Star,
Financial Post...
use only
one Ave Home Price
= GTA Ave Home Price =
960,772$
for Toronto. Make it simple.
We use Ave Home Price Toronto for City of Toronto (416),
not Toronto.
Update:
Oct 10, 2019.
A Story:
From Factory to A Canadian Scientist
Professor, Millionaire, 20y in Middle Class
I started at 18 in Toronto
Life alone, no money, no degree, no
family, self-sufficient, no privilege, no thing, overcame biases, adversities,
obstacles, difficulties.
I worked to make ends meet in low end job
Factory for a while. I came from
middle class family. My father was Gold Producer. Then lost all. I
didn't get used to this kind of work before. Today, you
don't see Canadian born working in Factory either.
It's hard work, less pay. In
90s, my
factory's pay cheque after paid Income Tax, I had
750$ left for Rent (=
200$), Car, Gas (=100$),
Car Insurance (= 99$), and all Life
Expensive, such as, Food & Grocery ($300 / mo,
around 10$ / day),
not count Restaurant, Eat-out, Drink like Coffee, Phone, Internet, TV, other
Bills, forget Vacation (= many not count, Car
Loan if new car).
=> As you see, hardly survival, I managed, had
$50.0/ mo left for saving. "->
Doesn't Matter How Hard You Work, You Try -> Hard to Buy
Home In Toronto, even Home so cheap in 98-99 if Work in Factory or
Minimum wage Jobs. ", like no other choice.
=> Then I tried very hard
to advance my career. Then I started career as Prof in 1998. Which
has changed my life for ever, from Factory to Scientist Professor.
=> My first cycle of life 20y ago
1998-99 -> 2019, I started career early as Prof, on Top at Right Time & Right Place
Toronto. Get in
Middle Class early. No waiting for Interest, Home Price ups/
downs. Advise.
In 1998-1999, ave Home around 219,000$. Salary of Professor
50$/hr, Teacher 11$ / hr, Engineer, Software
Engineer 12$ / hr, Minimum wage, Restaurant server, Factory Worker
5.50$ / hr.
In 1998-1999, Salary of Professor can Buy Home in
1 year with 30% Deposit,
or 2 x Homes 15%, in 98-99, ave $219,000,
easy, cheap, no Stress Test. Although Home was cheap, however,
Interest Rate very high around 6.5%. Today is 1.75% not changed
since Oct, 2018. People were not interested in
Buy Home, Home not hot 20 years ago. Lack of knowledge and couldn't
foresee the grow of Toronto Housing.
1) Interest Rate was very
high, needs good income 2) lack of
knowledge about Home can't foresee
the growth 3) Small Immigrant
Population in Toronto, immigrant
population 20y ago around 40%, today around 52% (latest from
Statistic Canada or Gov's StatCan) in Toronto, GTA 4)
Toronto & GTA population growth.
Which are main reasons why Home not hot 20y ago. NOTE: -
2016 Gov Statistic, 3 years ago. In
Toronto, 48.1% were admitted under the economic category (today
after 2016, higher around 60%), 32.5% sponsored by family, 17.8%
landed refugees, 1.6% in other immigration categories. =>
What were you doing 20 years ago?
- 20y ago, I already started my career as Professor. What I have
done in past 20 years is Try hard, Work hard & Reward,
lucky live at Right Place in Toronto not other places, other cities,
and Started high-end top career as Professor at Right Time 20 year
ago in 1998. I still continue
working hard to the next 20y.
See Full time Prof has minimum hour from 28 hr -> 40 hr / week. Cheque 20y ago.->
in 1998, money very
different value with money in 2019.
NOTE: In 20y 1998-2019, Toronto Home Price jumped from
200,000s -> 800,000s = 4x. Then value
of money in correlation to Home is valued 4x (in compared to Home if
you used that money Buy Home) then 20y ago salary of Professor in
today money around 250,000$ -> 300,000$,
ave Toronto Home Price today $800,000s.
All is about Data. We give you a lot of Data. This my pay
cheque minimum 28 hr. As Full time Prof, Sometimes I worked more 35
hr, 40hr depends on each semester.
From Factory to .. Started my career as Professor in 1998.
Take 20 years Work hard and
Reward, a lot Saving, while people travel (most expensive
spending) every year, spent all saving of that year.
No Drink, No Smoke.
Then become a Canadian Scientist and Professor, a Millionaire.
If 20y ago I did not try harder advanced career @ right Time
& right Place, today I am bottom line.
Toronto, biggest city of Canada, like your big City, any big Cities
in the world, is tough not easy. Just like other big Cities,
there are people live here many generations
still in poverty, high gap
between Rich & Poor. More Economics Immigrants settle in Toronto.Toronto is Canada Financial Center, home of rich
millionaire. 50% of 4.5% Canadian millionaire populationlive
in Toronto.Canada rank 2nd with 4.5%
millionaires population after US, above German 3.2%, Japan 2.7%, S.
Korean 1.8%, Hong Kong 3.5%.
Japan has lowest population in poverty only 5.3% in G7, Canada
20.7%, US 28.4%. Millions of people leave their home
town to make big dream in big city. Unlike other big cities,
Toronto is tough, all kind of people in the world, multi-culture
more than 100 countries, complicated, competitive, not easy. You
will not see people as same homogeneous as you around neighbours, in
school, at work, in office.
Toronto, 9.6 millions people more than New York city 8.6
million,has advantage that you live, work with hard working,
different backgrounds, diverse people. Immigrants come to Canada,
not just refugees. They are Economic & Skill Immigrants
from Indian, China, hard working. Like playing Olympic Games
Competition, not Local Games.
In few words:
- This Story is about a person who started life in Toronto alone,
poor, no degree, no privilege, overcame biases, adversities, obstacles,
difficulties to make a better life. In hope this story
encourages people, who want better life, improve poverty, who leave
home town to make big dream in big city like Toronto. And some
advices.
I Cut spending, no Smoking, no Drinking, less Travel, try harder,
work harder. All is about location.
Millions of people around the world leave their home town, city,
move to live in biggest City. Dream big -> Be a millionaire.
Worry people, who can't with small dream, will not like you,
bias, jealous you. Then you never will, you
shy away. 50% Canadian
millionaires live in Toronto. Live in big
City-> Start Saving -> Buy Home, Condos. ->
Salary helps you make ends meet. But
Property helps you rich, millionaire.
People poor, bottom, hard life, because
they don't use Data, not think smart. They waste time, not worth
it.
=> Istill continue working hard next
20 years, contributing to society, paying taxes. Toronto, 9.6 millions people, is Home of a lot rich
middle class top in any cities in the world since Canada rank 2nd of
millionaires population in the world. 50% of
Canadian millionaires live in Toronto.
They still work hard, make ends meet, have
debt like me. No difference. If I can do it, so do
you. Thanks Toronto, Canada.
TREB CEO John DiMichele said:
“The GTA’s strong economy, cultural diversity
and internationally recognized quality of life continues to attract
newcomers to the region each year. However, our housing supply has
not kept up with population growth, which has led to pent-up housing
demand.”
Financial Post:
" Canadian home sales outlook hiked
as prices rack up biggest gains in two years. Lower mortgage rates
and home prices are bringing buyers back"
-------
-------------
Homes in Toronto are sold over asking price.
Why Home Sales & Price in Toronto Up?
Usually, initial, Sellers post low price to attract Buyers.
Because competition between Buyers has
increased. According to Financial Post. Here are few main reasons:
1) Interest Rate either goes down or
stay the same for a while. Happen in US, Canada. Thus Mortgage Rate
will be lower.
2) Home Price recently has gone down,
more attractive to Buyers.
3) Supple/ Demand, Housing Supply has
not kept up with Demand of population increased, of new Immigrants
around 100 thousands come to Toronto each year.
---------
Salary Needed Buy Home in Toronto is
130K.
In 1998-1999, Salary of Professor can Buy Buy Home in 1y 30%
deposit, or 2 x Homes 15%, in 98-99, ave $219,000, easy, cheap, no
Stress Test. People don't want Home. Home not hot. Not interest.
Lack knowledge, people can't foresee.
-> Today Prof Salary over 100K takes 13y Buy Home 20% deposit. Ave
Detached 1.3 m, Semi 1.1 millions. Salary required *Have* Home (Buy
Home Deposit, Pay Mortgage, Property Tax) in Toronto = 130K.
=> A 20y Middle Class Home Owner = 2 x times Middle Income 65K
combined can afford Home in Toronto.
- But, A 20y Middle Class better, not afraid
of losing Home. While the 2 x 65 K middle income combined
lost home any time. Gr5 can prove. Can you? A Scientist Professor said:- That's
why we use data. No Data people blah, blah, and blah like Grade 5.
A Story:- I know a lot of typical family in
Toronto, the husband, wife and 2
children. Wife works minimum wage 14$ /hr x 160hr x 12
= 26880$.
The Husband's Salary a little bit better than the wife.They
rent a whole house 3 bed-room,
furnish basement, paid 2400$ / mo not include utility. Include
Utility = 2700$ / mo. Not afford home in Toronto or Buy Home 10%
Deposit after 25y working.
NOTE:
The difference between this Family combined
Salary and the Professor is that the Professor 20y ago in
1998 started career with
50$ / hr. With Professor Salary in 1998, could
Buy Home 30% Deposit or 2 x Home 15% each in 1 year.
- While the husband working 20y from low
wage 5.50$ -> 21$ staying same company.
If change company, start from scratch, not get that 21$. Today 2019, both salary
combined around 35$ / hr = 67,200$.
By the time they had enough Saving for
the Home, take them 13 -> 15 years of Saving -> Then Home Price in
Toronto increased fast.
Thus easily miss Buy Home. Or Buy Home with
10% Deposit 13y
later.
A Story:- I know a lot of people in Toronto. One person, he worked on/off in many Factory since 90s,
started 5.50 $ / hr. Today, his salary around 16$ - 17$/ hr while minimum
wage in Ont, Toronto = 14$ / hr. Highest in
Industrialized Countries G7, like Japan, US, UK ... After 20 year of continuous
working, he has Cash Saving & RRSP around 50K + A car.
He bought new Car around 35K, today valued around 15K.
So after 20y, Total Value he
creates around = 50K
+ 15K + 25K misc = 90K. On ave
50K / 10y, 5K / year, 500$ / month of Saving
after paid all living expensive, tax.
A middle class Toronto says:-
Thank you very much. I just Buy Home in
Toronto. If I read your Blog 20y ago, I would be millionaire now.
Using Data, and real life of more than 20y as Middle Class
Toronto, and as Prof, you help us understand more about Home than
any sources.
Another middle class Toronto
says:- Thank you. Dream
big, rich people talk about Home. Dream small, common people
talk about Cash, Car, Jewellery. The Law of Attraction says:
- If you think Home not important, not to know about Home. Then very
likely you never own Home, nothing. Very true. It is like Money, if
you think money not important, then money will not come to you.
You will not Work hard, not Save, not Try hard for money. Then
become poor.
=>
What were you doing in 1998?
- In 1998,
as a Canadian, I was already started my career working as Professor in
Toronto Middle Class 20y ago, top
Salary 50$ / hr, Teacher 11$ /hr, Soft Eng 12$ / hr, Restaurant Server,
Factory Worker 5.50$/ hr.
If I started working in 1998 as Teacher or Soft.Engineer, It would
take extra 10 years of Saving, in 2008 -09, then Toronto Home Price already
double from $200s in 1988-89 -> $400s in 2008-09. I could miss it.
Or Buy Home with small deposit like 10%.
=> 20 years ago,
there were a lot PhDs driving Taxi.
New comers face barriers, no privileges,
biases, jealousies, lack of opportunities. Factory is a common
place they make ends meets.
=>
As Data Scientist, myself as a Professor teaching Data Science,
by just asking "- When you started your Career?
- What Did you do when starting your Career in that
year ?", we can analyze Data if you could
Buy Home or Condos, How Much Deposit? Buy Multi-Homes, by looking
at Ave Home Price, Salary, Living Expensive, Tax ....
- In middle income around $55,000 salary like Teacher, Engineer, Scientist
will take at least 18 years for Saving a
Deposit Buy Home since the Date they started their career, not
including on/ off job.
- Today Home Price high, it takes salary
of a full-time Prof over $100,000 Saving 12
years for 20% Deposit = $200,000 to Buy 1 million
dollars Home in Toronto satisfied Stress Test 20%.
Data collected by a Prof from among Profs, and analyze Data by looking at:
Ave Home Price, high Income Tax, Living Expensive, today Rate from
80$ / h -> 120$ / h.
See Prof.
Cheque 20y ago,
when just get started his career.
Case Study
-
Who Can Buy Home in Toronto. - Currently, to buy Home in Toronto, need
salary of 140,000$
So 12y ago or 2006,if started career as
a Professor, salary over $100,000, you have better chance to Buy
Home with 20% Deposit or more, because need at least 12y Saving Buy Home, and in 2019,
ave Home = $920,000 -> A Prof teaches
Data Analyst said. - From this, you can
figure out who can Buy Home or Condos in Toronto. This case study
is about one person just started life from 0.
No help, no borrow, no inherited, no partnership with anyone. Just one
person started
life 0. NOTE: Why 12 years?
Given today Home Price, it takes salary of Professor
Ave = over $100,000, 12 years for Saving $200,000 to buy a millions
dollars Home with 20% Deposit. So in order to Buy Home, the Professor must
save first in 12 years ahead, which is
2006.What about it is a Scientist,
Engineer, Teacher, other Professionals? -> You figure out use Grade 5.
We use Professor because they have the most highest salary
in Professionals, much more than
Engineer, Teacher, Scientist. And we got Data directly from
them. The Scientist collects Data
also a Professor, and have a lot friends also Professors. High Income Tax
takes away high Income, then Rent.
-> So if a person said Buy Home or Condos in
Toronto, you can Analyze Data (Data Analyst) is
it true or not?
-> For example, a Teacher salary $50,000 started career in
2008 or after graduated in 2006, he/ she will have hard time Buy Home
in Toronto given Professor started career in 2006 Buy Home 20% Deposit
satisfy Stress Test.Today, salary required to
Buy Home where Ave Home Price above 1 million dollars is
$140,000.