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- 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.
 

 Blog About Technology + Life + Story. Over a millions people view -> Nice to see you. - We update often.


   
     <-  Some design & take photos from iPhone, Android phone Galaxy, Tablet 


=> 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

NOTE: Vend is 100 millions dollars software company, few hundreds of software developers. So far, Investors invested 100 millions in Vend Internet Company. It received 20 millions USD from Peter Thiel’s Valar Ventures and Square Peg Capital. https://blog.vendhq.com/post/64901824985/vend-raises-20m-funding-round-co-led-peter-thiels-valar-ventures-square-peg-capital. Recently, Vend Pos also received many other funding: 9 milllions, then 13 millions, 60 millions, and many other rounds. Investors invest in Software Company Vend Total value 100 millions. https://pitchbook.com/newsletter/vend-secures-9m-investment.


- Game Theory click here.  | Millionaire Households Rank in the World Click | 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.  


Update April 2020  still continue updating till end of month

Toronto Housing Market as usually will be released early on April.

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, even work less than 4 months 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 ... And people still technically employed but no longer receiving income due to the pandemic.
3) Who work as self-employed, lick Uber driver, Fitness, Yoga, Dancer Instructor, small business ...
4) Increase Child Benefit extra 300$ to current benefit 575$. Thus now each child gets benefit = 875$ / child for 4 months.
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
7) Wage Subsidize 75% employee salary dated back March 15, 2020, cheaper Loan Credit, grant 10% of Loan if paid off loan on time for small & medium sized businesses.



Update March 2020

Quick update: -Toronto Home Report released in March 5, 2020 for Feb, 2020 last month.

Despite Corona virus, Stock Market down, but Toronto Home Sales UP 46% in Sales. Ave Home Price up
150,000$ compared to last year. When Ave Home Price up, all kinds of properties up across the board. Same as the correlation between Detached Home and Semi Detached Home. When Detached up/ downs -> Semi ups/ downs, and sometimes Semi even up Price more than Detached.
- In Feb 2020, Ave Home Price in Toronto = 989,218$. Last Month = $884,385.
=> Now equal to Vancouver Ave Home Price for first time. -> Next few months will pass Vancouver Home Price.

- In Feb 2020, Ave Detached Home Price =
$1,485,304. Last Month = $1,363,357.
- In Feb 2020, Semi-Detached Home Price =
$1,208,073 millions. Last month $1,004,208 millions.  
- In Feb 2020, Ave Town Home Price in Toronto  = $846,465 Month-to-Date. Last Month = $782,274.
- In Feb 2020, Ave Condos Price in Toronto  =
$722,675 Month-to-Date. Last Month = $679,182.
=> Semi Detached Home Toronto has biggest gain 204,000$ from last month 1,004,208$ up to this month = 1,208,073$
-
This month Detached Home in GTA = 1,017,543$ - A difference between Semi Home in Toronto and Detached Home in GTA = 190,500$
- In GTA (Districts Around Toronto) - Include: Brampton, Vaughan, Scarborough, Mississauga, Markham, Richmond Hill, Peel ... see Toronto Map
- In Feb 2020, Ave Home Price in GTA (Districts Around Toronto)  = $910,290. Compared to last year Feb, 2019 = $779,791. Last Month  = $839,363. Last Calendar Year-to-Date 2019 Ave = $819,319 - Detached Home in GTA = 1,017,543$.- A difference =  190,500$ with Semi Home Toronto. Last month, GTA Detached Home = $957,287

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.



Ave Home Price 5 biggest Canada Cities
for month Feb, 2020:
 
In Feb, 2020, Montreal, 2rd biggest City Canada after Toronto 1.75 millions population, Montreal University, McGill University, Ave Home Price = $383,800, up 9.8% compared to last year Feb, 2019. Last month =
$382,000.
=> Rent:
Montreal’s average rent for a two-bedroom apartment is $809 per month.

In Feb, 2020, Vancouver City, 675,000 population, Tourism, Film Industry = $1,008,700, Home Price down 1.2% compared to last year Feb, 2019. Last month = $1,001,000 . Detached Home = 1,433,900$ - Condos = 677,200$

In Feb, 2020, Calgary, 1.26 millions population, Canada Center Oil Producers = $411,500, down 0.9% compared to last year Feb, 2019. Last month = $413,900.
=> Rent: Calgary’s average rent for a two-bedroom apartment is $1272 per month.

In Feb, 2020, Ottawa, 884,000 population, Capital, Ave = $453,600, Home Price up 10.3% compared to Feb, 2019. Last month = $486,800. Condos = 314,000$, 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.

In Feb, 2020, Kitchener- Waterloo, 234,000 population, Hi-tech, Start-up, Waterloo Univ, Head Office of Black Berry, Nortel, Ave Home = $571,203, up 16.3% compared to last year Feb, 2019. Last month = $527,718. - Detached Home $615,000 dollars (Dec, 2019) in Kitchener-Waterloo  - Condos = $333,000 (Dec, 2019)


Update February 2020:
Toronto Home Report was already released on Feb 6, 2020. It starts strong beginning in new year January 2020 up 100,000$. It seems virus, cold winter snow doesn't affect Toronto Home Buyers. Home Sales up almost 15.4%. Sales growth in 2020 will be driven by the higher density low-rise market segments (semi-detached houses and townhouses) and the condominium apartment segment. Home Price is up, expecting to hit Ave = 900,000s $ in 2020. Last year 2019, it returns 5.6% = 47,063$ = Gross Salary of  65K. Toronto Home Price ROI (Return On Investment like in 2019. Until now, scientist makes sense of data.) in the past 20y has created a lot millionaires in Toronto, contributes more than 1/2 millionaires in Canada. Both Detached Home and Semi Detached Home in Toronto still Detached & Semi Home Toronto Ave = A Millions Dollars Home.

- A Toronto Home Buyer said: - As Data Computer Scientist & Professor, you see far, and know how to make sense of Data. For example, you said the the last 20y, on average Toronto Home Price has increase on Average every year 40,000$ -> 50,000$. This is equal to gross salary of 55K -> 65K / year. -> Thus, if you missed one year, you lost 50K. Which means -> Thus don't wait Buy Home, Buy Home then wait. Don't "Time the Market." -> Just jump in. Ask people own Home for 20y, specially who that is Data Computer Scientist. They know Toronto Home and Data better each year ups/ dows, and final result. Software is built by Computer Scientist. You apply Computer Science in Real Estate, use data make it easy for common people understand. You help Toronto Real Estate Industry grow. Thank you.
Scientist Answer: - As Data & Computer Scientist, we have mindset, see things different with common people. A lot people now regretted because they lack of knowledge about Home 20 y ago. Now it is not too late.

Important News

1)
This year 2020, all online media expecting Toronto Home Price will soar 10% = around 85,000$ = Gross 125,000$ salary. Last year up 5.6% = 47,063$ = Gross 65K salary before income tax. Ave Home Price will above 900,000s$ something. Toronto Home Price soar this year could be because:
2)
The Canada Government will make Stress Test more "Dynamic" starts April 6, 2020. Which means make it more easier, less strict, more flexible for Home Buyers to borrow money.
3)
As usual, lack of Supply while Demand soar.
4) Low Rate environment.
5) Canada becomes a global destination for Immigrants. 191,600 rich Economics Immigrants 58% of 330,000 Immigrants come to Canada last year. Still take 10 years for Canada to reach 40 million population, 40m still a smallest population in Industrialized countries G7.

NOTE: About Data Collection. A lot countries don't have update monthly Data, not used Ave Home Price Data like Toronto, and almost city in Canada. Thus easy for people fake Data, mouth exaggerate incorrect Information in order benefit high Price. For example, they said:- Home Price in this area very high. -> Then mouth to mouth more exaggeration Price -> Then a whole areas Home Price up, without official Data, no regulations.


Ave Home Price 5 biggest Canada Cities in Dec, 2019: Not update yet.
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)


** 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 ignore over 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 said he 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 be 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 bought 10% Deposit. 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. Which is still much better than take many Generations over 100y working hard still Not... See far. Move to Toronto -> Buy A million dollar Home at least 20% Deposit around 200,00$ -> Work hard 20y.

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 260,000 Millionaires 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 Millionaires tells 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, imagine anything that can't measure.
 
                     
- Started Life = 0 alone in Toronto. From poor, factory to Canadian Scientist Professor Millionaire.
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.
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:
- 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 Toronto, 9.5 millions population, where 260,000 millionaires, more than 1/2 Canadian Millionaires live. 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.

=> A sample of Prof David, click Cheque  in 1998, 50$ /h, 96,000$ / year equal to 250K /y today

- Update March, 2020.
 

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 = $1,318,953 Year-to-Date. And Semi-Detached Home Price = $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.

WHO can afford Buy Home in Toronto? - Millionaires, Rich Middle Class, High Salary over 100K, like Professor, combined 2 x Income of 65K, Rich Economic Immigrants account for 60% of all Immigrants in Canada. During Toronto Housing peak & cooling in 2017, a lot Home Owners either cash-out profit or selling their home, now, very difficult for them to Buy Home.
https://www.msn.com/en-ca/money/real-estate/ceo-of-canadas-biggest-bank-calls-for-caution-as-ottawa-considers-adjusting-mortgage-stress-test/ar-BBYI2wo?ocid=spartanntp

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 Software Analyze & 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 Software Analyze & 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, latest iPhone ...) is measured by Money. You go to school, you Work hard 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 .... 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.
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.

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 Gains Jenny has 3 x brand New Detached Homes, OMG 3 x brand New Detached 1.36 m = 4.08 millions dollars. But ignore Lost Jenny 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 Ownership explains 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. <=

 

Since 2018, Canada has 505,000 millionaires, an increase 83,000 millionaires since 2012, near 20% in 6 year or 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?
-> Probably will not rank in top 10 in the world. 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 380,000$. But Quebec Millionaires, Upper Class have been rich, Wealth accumulated over 256 years in many Generations since 1763 established of Province Quebec. Came from rich France Immigrants.

Already, Both = 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) = 5% Millionaires of all 505,000 millionaires, around 25,250  Millionaires. Ave Home Price = 441,800$. Translate into Home (Detached or Semi) Ottawa less than Toronto 700,000$ -> 800,000$.

- Province BC (British Columbia), its city Vancouver (population 680,000) = 8% of all Millionaires, around 40,400  Millionaires. Vancouver Home Price has decreased significantly only more than 70,000$ different from Toronto. And small population 14x less than Toronto.

- 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 750,000$ -> 900,000$. 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$. While if buy Semi, you own 100% = 1.1 millions. Thus the same after 20y, doesn't matter you buy Detached ( Not including the Operation Cost pay more for high Mortgage Payment / month, high Interest Payment because high Mortgage Loan + high Property tax + high Maintenance Cost ) = your Wealth = 885,000$ 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 of thousands 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 Data so 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 difficult Programming & 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 Price in 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 Home Toronto. 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? - Impossible Buy 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; Even Professor 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 nowWhile 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 the different 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 = $230,000 according 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 extra 2000$ / 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 Renovation will 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 decision economically. 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 S
ave 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 money hundreds 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 monthly every 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,  ...), 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.



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 population live 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.

=> I still 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.
-
Salary needed to buy Home in 20 major US Cities. Click. For example, Los Angeles's Ave Home Price = $422,100, rank #3 in US, salary needed Buy Home is $98,500.

=>
A Scientist Professor who Build & Design Software Analyze Data, not just school paper, reading, repeating materials, and also Teach Data Science, Data Analyst, said: - CANDO = Collect Data, Analyze Data, Normalize Data (what is it?), Design Data, Organize Data. No Data like blah, blah Grade 5.

Home in Toronto (not other places) makes you become rich, millionaire not Salary
->
Takes 50 - 60 years for a Professor salary Ave over $100,000 becomes millionaire.
90% people think salary make you rich. Wrong, because they don't use Data. Let's use Professor whose salary Ave over $100,000, the most highest compare to other Professionals
Use data, we know that it takes a Professor 12 years for Saving $200,000, 6y = $100,000, after paid for Income Tax and other Deductable, Rent, Living Expensive, Car, Car Loan, Gas, Car Insurance, Insurance, Vacation, Travel, Grocery, Drink, Smoke, Coffee, Eat-out, Phone, Internet, Cable, Debt Payment, Student Loan, Miscellaneous Social Spending Fees, Clothes & Beauty, (lucky in Canada Free Hospital, Free Doctor) ..... Thus, it takes 5 x 12 y = 5 x $200,000 = 1 millions -> Takes 60 years for a Professor salary over $100,000 becomes millionaire.

=> From Data of Professor, you can figure out if some one are Teacher, Scientist, Engineer ...While take around 20 years Buy Home over 30% Deposit, or Buy Multi Homes 15% Deposit each -> Own Home -> And become millionaire. Buy Home big different with Own Home. So if you are millionaire, be proud. Not easy; It measures "Hard work & Reward". In Industrialized countries, no corruption, bribery. While people who are not, work harder, try harder, one day you will be. In Canada 4.8% population are millionaires, Japan 2.7%, German 3.3%. Big corporations like Facebook, Google, there are top 5% of their Management, who are millionaires.

-
A 20y Middle Class use their 1st Home, can buy at least 4 x a million dollars Home with 20% Deposit. S
atisfy Stress Test requirement Deposit at least 20%.

H
ow Much Should Deposit Your Home?
For example, Buy Home Deposit 10% vs. 20%, 25%. How Much Cost different in Interest Payment between 10% vs. 20% is hundreds of thousands of dollars? How long Pay off Home?
Here is the answer: Let's say you borrow 1000$, you pay:

% Payment monthly for Loan
 
2% 5%
 
Borrow Loan
In this example Load or Mortgage only 1000$
$1000 $1000
Time Pay Off 1000$ debt 26 years 6 years
Interest Payment $3000 $442

You see, by just increase % of Payment for Loan (or Deposit) from 2% -> 5% or Home Deposit 10% vs. 20%, 25%, you not only save alot $$$ of Interest Payment but also reduced a lot number of Years pay off that loan.

Thank you Canada, Toronto,
where I attract right Place and right Time, where I started life 0, from nothing to something, from Factory Worker to become a Middle Class Millionaire Scientist Professor.
As Data Scientist and Professor,
if you follow my Data Analytics,
I can say that Toronto a City where a dream to become millionaire will come true. A Millionaire = Save $50,000 /  year for 20 y continuously. All is about Data. As scientist, we see things differently from people. No Grad 5 blah, blah ..
The Law of Attraction
: - Attract to a right Place will make big difference for you and next generation. A lot of people feel pressure, competitive in Toronto. Toronto is not a small Town, small City. It is biggest City in Canada, its population 1million bigger than New York City, all kinds of backgrounds, nationalities. It is nice people, opportunities, welcome all people around the world.


The Law of Attraction: The Law of Attraction -> You Wish You Become. You Like Money, Social Position, then Money, Social Position come to you. You do not think Money important. Then money will not come. You will spend all money. You think Life is worth Nothing, then Life is worth Nothing -> You will not try harder.
For example, when started Life 0 in Toronto, I worked in Factory. It is hard and very little money. I jumped back & forth from one Factory to many other factories. I not OK. I have a Plan. -> Then I became Scientist College Professor, in Middle Class so quickly. Professor salary that time in 1998 = 50$/hr, today by inflation adjustment, same as 150,000$ on Sunshine List, Teacher only 11$/ hr, $21,000 /year in 1998, Soft Dev 12$/hr, Factory Worker, Restaurant Server = 5.50$/hr. You can Buy Home 35% Deposit, Buy 3 Homes no problem. Get in early. ->
When ave Home in 1999 = 228,372$ in 20y ago, in 1998 = $216,815. Then in 2000, Stock Market crashed. .Com bubble. Recession. In 2001 = $251,508, 2002 = $275,231 even higher -> 10 year later, in 2010 =$431,207, 2011 = $465,164. If I worked in Factory, 10 years later in 2011, I never afford because Home Price double. In 2008 - 2009, Stock market crashed. Financial Crisis, Housing bubble. Recession. In 2008, ave =$379,347, 2009 = $395,460 even higher -> Then 8 years later, April, 2019 = $903,992.
Factory same doesn't matter in Canada, Japan, US, China. It is hard work.
I started life from Poor. I understand poor. I went thru. I live in Toronto, biggest city Canada, right location, where 2/3 of 4.8%, 2nd the world Canada Millionaires live. Japan 2.7%, S.Korea 1.8%, German 3.3% Millionaire population.
From Economic History and Data,
if you sit and wait for Toronto Home Price go down, listen to wrong Analyst -> Then you miss the run and wait for ever. Toronto & GTA, 9.6 million population, Center of Economy Canada is not Vancouver 650,000 population, tourism, Ottawa, Montreal, Calgary ... Toronto got sneezed the rest Canada got flu.

A 20 years Middle Class used their first Home can buy 3, 4 of A million dollars Homes, satisfy Stress Test Deposit 20% each Home, easy buy Home than first time Home Buyer. So 1.35 million dollars home is not expensive for Toronto Middle Class.
If you buy Home in Montreal in 2000 = $215,000, in 2019 = 350,000$. Probably same story for other big Cities in US & Canada

The Law of Attraction = You attract to kind of things, money, people, whatever -> Then they come to you. You don't Like, they will not come. The Law of Attraction is not about Rich or Poor or Money. It is about attract success. You want Millionaire, Scientist, Professor, whatever. You want rich, want something. It may come or not, people like it or not, doesn't matter. The matter is What You Want attracts you there. The higher you want, the harder you work for it. It is The Law of Attraction. -> People satisfy, find peace, comfortable, happy whatever their situation. But I am not satisfied the first 20 years and want to keep going next 20 y, because the Law of Attraction. -> Use the Law of Attraction we can see the future, my future, your future, other people future. However, once you truly understand the true key behind of the Law of Attraction you can be renewed with hope and courage in the overwhelming knowledge that you are free to take charge of your life and free yourself forever from the cycle of fear, worry or negativity which has held you back for too long

It is not about Rich or Poor it is about What attracts you there. No one can force you. So you want rich? -> Not easy to be rich. You try harder to be rich. People said: - I attract to rich because I Like rich ignore poor (or like poor ignore rich). Small minded. Because you want your life rich. What wrong want to be rich? -> Who want their life poor? * -> No Religion, no Government in the world want you poor, people poor? *


See Millionaire Households Rank in the World. Click here 

What Are You Doing? (update July, 2109)
=> In 1998, I was already started working as Professor, top Salary, in Toronto middle class 20 years ago. I have been doing thru 20 y ups, downs in Toronto Middle Class, climbing the mountain. It's tough started alone from 0.
=> After last 20y in Toronto Middle Class 1999 - 2019, I have experienced Life on the long road, ups, downs continues to next 20y. Life is more beautiful, meaningful than before. I am humble but proud. Started life at 18, 0.0, alone, no degree, from poor, humble worker minimum wage to proud Scientist Prof high pay, in Toronto Middle Class 20y ago. But I already attract to millionaire since 2017 when a Home in Toronto = 1.56 millions -> Which made 20y Toronto Middle Class became Millionaire instantly. Why millionaire? - Because only 4.8% Canadian, 2.7% Japan, 1.8% S.Korea, 3.3% German, 7.8% in US. Already Work hard 20y. But I continue next 20y. Not easy -> 4 factors right Time at right Place:

1) Live at right place in Toronto or City of Toronto.
Toronto or City of Toronto (Downtown, A City has Municipalities not District like: North York or North of Toronto, East York, Etobicoke, 3 mill population, in state Ontario = 14.3 m. Thus more than 2/3 of Ontarian live in Toronto & GTA) and GTA (Vaughn, Markham, Richmond Hill, Mississauga .., Districts around Toronto, 6.6 million population) is the biggest City in Canada, 9.6 millions population, 2nd largest City in US & Canada after New York & Its Districts 8.6 millions population (Manhattan 1.7 million population, like City of Toronto, Districts around New York city: Brooklyn, Queens, The Bronx,  Staten Island ..., like GTA), L.A 3.98 mill 3rd, Chicago 2.8 mill 4th. If you live in Ottawa, Montreal, any places in US & Canada, out of luck. For example, in Kitchener-Waterloo region, Center of Hi-tech, Start-ups of Canada, University of Waterloo, there are only 3 times in history its Ave Home Price breaks thru $500,000. Not about size, big, small of Home but about Location, Location.
Where you Live?
Choose a right Place to Live could return 1/2 million dollars = Work hard 40 years of Saving not even close. Benefit for Generation.

Around 330,000 Immigrants come to Canada every year. 65% are Economics Immigrant. 33% or around 100,000 immigrants come to Toronto every year. The first thing is they look for a Place to Live. A lot people live in Toronto but don't know Toronto. => As Scientist we use Data to explain not G5 blah, blah ... mouth & tongue.
 Click See Toronto Map.
- Cost to buy home in 50 US's States in 2018. Click. - Salary needed to buy Home in 20 major US Cities. Click.

Toronto where people anywhere, *Start 0* alone, can success, become Scientist, Professor, Millionaire, or something. Right place.  => From Data, on average a Toronto Middle Class is more wealth than the rest of Middle Class Canadian around $500,000. It takes 40 years work hard to Save $500,000 Or Save: 125,000$ in 10y, 250,000$ in 20y. Thus just choose A Right Place to Live, Buy A Home will reward 1/2 millions dollars = 40 years hard work.

2
) In 1998-1999 Ave Home Price in Toronto = 219,000$.
Right time.

3) Started at beginning Top Career Prof. in 1998, when Prof = 50$ / hr, Teacher 11$ / hr, Software Eng 12$/hr, Minimum wage Worker 5.50$  hr. Buy multi-homes easily. When in 1998-1999 Ave Home Price = 219,000$. See Prof Cheque. Since 1998, Home value up 4.5 x, this cheque today = 300,000$. Cash & Car lost value over time. If started as Software Engineer would take extra 10 years working & saving -> Then Ave Home Price in Toronto already double to 432,000$. Can't afford it.
Right time.

4) Take 20 years work hard in Toronto Middle Class.
I am not satisfied now. What I have done in last 20 years 1999 -> 2019. I still need go on for the next 20 years before retire, a long road, coaster ride ahead. But I take life easy, meaningful, beautiful, enjoy life than before. The future is not easy, meaner, harder, expensive cost of living, Gov cut backs, more competitive.
A millionaire = Save 50,000$ usd every year for 20 years
. So why not be proud as millionaire? The Law of Attraction:- Not What People Want - But What You Want to attract to it. Success or Failure, Achieve or not yet Achieve is not important. -> There is a Will there is a Way.

  
 

The Law of Attraction lets us see the future.

-> You think Life is worth Nothing. Then your Life is worth Nothing -> Self satisfy. You will not try harder. Because your Life is worth nothing. It is your future.
-> The Law of Attraction says: - My life is Nothing. It is not What I Want. It is not my future. Then work harder, try harder.
->The Law of Attraction
says: Self Satisfy: is When you think it is enough, then it is enough. No need try harder. In your life, there are some challenging that required you try harder to next level for better life. But self-satisfy will stop you next level.

 


- A Canadian Couple Toronto Middle Class Mil.. enjoys life after working hard 20 y. Hard work & Reward. Still another 20 y contribute to society before retire.

- The Law of Attraction:- Not What People Want - But What You Want.

- A Millionaire = Save $50,000 usd every year for 20 year.

- Canada 4.8%, Japan 2.7%. S.Korea 1.8%, German 3.3% are Millionaires. Become Scientist Professor Millionaires. *Not easy, a lot hard work, only in Toronto, specially started alone from 0.* -> Toronto where people anywhere, *Start 0* alone, can success, become Scientist, Professor, Millionaire, or something.

Next  few months, Home Price in Toronto will surpass the peak level in Spring 2017, when Average Home Price above 1 million dollars (now currently in June 2019 = $937,804, only 60,000 then Ave Home Price above 1 million dollars ), at that time Spring 2017, Detach-Home = 1.56 millions, Semi-Detach = 1.35 millions very soon. -> They are approaching now from its peak Spring 2017. Just last month, it jumped nearly $100,000 from $830,000 in April, 2019 -> $937,000 in June, 2019. -> Do not sell your home soon too low.  After sold, you will never qualify to Buy Home again. And you spend all money after break Home piggy Bank. -> I know many Home Owners sell their home, cash out, when peak Spring 2017 before Stress Test in Jan 2018. Now they are very regretted. No Home.  

-> Wealth creates Wealth. In any country, rich Middle Class is created in the biggest City. In 20 -> 30 years, Middle Class Toronto has seen their wealth up significantly, creating 2/3 millionaire population of Canada's 4.8% millionaire population in the world, only 2nd after US 7.1%, Japan 2.7%, South Korean 1.8%. German 3.3%. While Vancouver population only 650,000 people, less than 15 times Toronto & GTA population. => Is it Toronto Middle Class responsible for Housing Toronto stable, not down like Vancouver ? -> Who have capital can afford Home in Toronto? - Use Data we also proved that Middle Class Toronto 2 x times more capital access than New York city, and Tokyo 's middle class, where average Home Price around $400,000.

- Use Data we show that Middle Class Toronto 2 x times more capital access than New York city, and Tokyo 's middle class, where average Home Price around $400,000 (Business Insider). While 60% American, UK 51%, Japan 48.9%, Canadian 49% have less than $100,000. See Millionaire Households Rank in the World. Click here  - Cost to buy home in 50 US's States in 2018. Click. - Salary needed to buy Home in 20 major US Cities. Click.
->
As scientist we talk Data, no mouth, tongue. People make wrong decision, no smart choices, because they get used to mouth & tongue. No doubt that at Downtown New York, Home values in millions of dollars. But if you Average poor districts around New York (like GTA), the median Home Price very low.

NOTE: Only Dumb and Idiot keep cash in bank account and Show off Cash, Spending gradually to nothing. Most smart people invest their money in Stock or Home gradually to something. Middle Class keeps 90% their capital access in Home. And they try to pay off Mortgage as soon as possible.


May 27, 2019 - Intro New Office Cloud E-commerce. By Design seamless integration, same Look & Feel with other Office Apps.
Customers said: - We expand business online Local & Global, reach out more customers. We need an E-commerce, Online Business website. It costs at least $3000 more than a Pos system. But there are not many features, back & forth with web Developers. Our website, our business in their control.
Then we use
All-in-One Office New Office Cloud E-commerce, not only we have:
1)
E-commerce website, but also, 2) Mobile Order 3) Cloud Print receipt. Not seen E-commerce can Print Receipt. And 4) And Manage Data Analytics Sales, Tax, Total Sales, Orders, Date & Time... And 5) Order Management manage Orders. Customers can track their orders, Order History, Pickup & Delivery, Customer Contact, Address. And 6) We self Create Products & Services, Upload Photo, Price .. And 7) Pos.
Customers
visit website. They use
Left Menu Navigation 
[<=>] (Open/Close) = List of Icons of Product Group, Category, or Search quickly Products & Services -> Add to Cart -> Checkout Pay by Pay Pal. They Login System, check Delivery, Order History, Check-out and Pay faster. No need Register, repeat fill Contact, Address, Phone .. again. At PayPal, only enter Credit Card Info & Paid. They can use Laptop, Tablet, iPhone, iPad, Galaxy ... to place order. We can Print Receipt anytime from OOM (Office Order Management).
And it costs only few hundreds a whole system. No subscription monthly.
All-in-one Office is built and design so simple and easy that every one can build & manage the website. -> Now, We expand our business online, reach out more customers, Local & Global, only few hundreds dollars. We are in control our business, our website. Thank You for giving us a Tool to expand business. See Photo Office Ecommerce just below Cloud Print and HOW.

We are going to launch Office World Wide, Global soon.
Global Small & Medium Businesses can't afford the Price in Canada and US. So Price Competition and Office Advanced Technology's What Next are the key.
Office helps all kinds of Businesses with affordable Price, leverage their potential, reach out more customers, run business more efficient, apply Hi-tech in a new Digital Economy. 
Main Components in
All-in-one Office = 1) Office Menu 2) Office Pos & Mobile Pos 3) New Office Cloud E-Commerce 4) Office Mobile Orders 5) Office Card 6) Office Order Management 7) Office Cloud Print 8) Office Data & Analytics, Sales, Tax, Products & Services, 9) Office Product Catalog Builder ... Good to run a whole simple & complex business, in-store, online, integration.

Customers said: - All-in-one Office for $599 no subscription fee monthly, unlimited licence? Other systems, old technology, cost $3000 / year subscription fee, every year, just for 5 staff 's licences used. We can't afford. We don't need  much. We want our business in Digital Economy. All-in-one Office seamless Integration helps us reduce cost doing business, reach out more customers. Our business has too much cost 30% -> 35% for Middle Man, for Software System online, off line, other miscellaneous Costs unnecessary. Waste Time back & forth, busy, no profit.
NOTE
: Customers can suggest What Price they want. Price like that we easily sell thousands of Office Systems. We have no comment.

How?
- Millions of Businesses, Stores, Home based Businesses from anywhere in the world in Asia, Africa, Europe, Canada, US, you register to Buy All-in-One Office for Business Enterprise System, One App Works All Devices, and pay by PayPal. Only Pay Pal keeps credit card info. How to register?
1)
- From anywhere in the world, you register by Submit Form ( or Email ). We will install Office at our Head Office in Toronto.
2) - You just login your Own Home Website. Open your web browser, type: www.myacomp.com/login -> Use User Id & Password we provide. Can always change later. -> Then follow Help Manual comes with Office Product. And start building your Cloud Business. So simple. Our Price of All-in-One Office Enterprise Business System will be affordable to International Customers, who can't afford North America Price, unlimited Licenses.

-
Office Advanced Cloud Print's Receipt print from Cloud, from online website.

=> See the latest Apply Cloud Print Receipt in Office -> Click here . (Update: May 8 /2019)
=> See Staff / Customer Self-Order in Store and Cloud Print Receipt -> Click here. (May 8 /2019)
=> See Active Table Manager, Repeat Orders, and Cloud Print Receipt -> Click here.. (May 8 /2019)

Why Cloud Print?- Because Office is Cloud Technology to integrate with Mobile Order, online E-Commerce. Without Cloud Print, Office can't print. So must Research Cloud Print.
NOTE
: Most stores print in small area within stores. But Office can Print (Cloud Print) orders from Website, Mobile, Tablet, iPhone, iPad that people place orders thousands miles away, and orders printing at Pos Printer in store. So that Staff can have receipt to prepare food, order items. This Cloud Print, Print from Website, Mobile, Tablet. Even Vend and many other System Can't Do it. They can only Print inside store.
Write code software not easy, but write code to print even more difficult.
For example, A customer at home hundreds miles away from a Store. She places orders from her Samsung Mobile Phone ( or iPhone, iPad, Tablet, Laptop) -> Then she check-out, paid at PayPal. After paid, the receipts are Printing at Pos Printer in Store far away from customer's home or office. This is called Cloud Print. Conventional Print, a Staff place orders, print only short distance they must in store.
Another Example, A restaurant in Japan offers Mobile Orders, Online E-commerce Orders. Customers in Canada, US, visit that Japan Restaurant website -> Place Order using their Mobile iPhone (or Laptop, Tablet ) -> The Orders then are printing in Japan Restaurant's Pos Printer.
Another Example, Customers in a restaurant use their iPhone, or Galaxy Phone and place orders using wireless Wi-Fi. Then orders are printing in store's Pos Printer. With traditional printing like Vend Print Technology, this kind of customers self-orders using their smartphone are not possible. Because Cloud Print doesn't need driver plug-in or installed something in their Devices like Tradition Print. So anyone can print using wireless Devices like Mobile iPhone, smartphone ...
 
Update May,  2019

- How Staff in house use Office Take Orders at Table 24. Click here -

=>
Paper Bill cost money 4000$ / y. Change from Paper Bill to Digital? - Easy. When Take Order use Tablet, Mobile. No Paper.

- Automation, Customers Self-Orders Vend iPad and 90% iPad Systems on market Customers Can't Self-Order, Automation because No Cloud Print. Because Vend system print from Local App's local port hardware on iPad. Local App need download from App Store like Apple Store or Google Store. Local App allows access to local hardware on iPad, iPhone, smartphone. While Office, no download software, print from Cloud, from Internet IP Address, like 192.168.0.20, not from hardware of devices like iPad, iPhone, Tablet, Galaxy smartphone.
- Two different Software Design use different Print Technology.
- Alibaba Jack Ma recently invested in New Automation Technology, just open new kind of Store, Restaurant in China, complete Automation, Customers self-orders use their Mobile, Robots deliver food to customers at tables. No servers. No cashier.
Why don't we think like Jack Ma?
-> Because we are not Jack Ma,
Visionary, who sees things differently people can't see. We don't think far, think small.
- In US, Canada, Robots may not reality because cost too much, hard to maintain. But
Automation like Self-Driving, Self-Order is becoming reality, even Driverless Cars still not on market yet. -> That's why Office is built for What Next. Easy said than done. Automation minimum requires software must: 1) Cloud Print 2) Work & Run all Devices. Those software run iPad only, no Cloud Print will not Automation.
- Vend 100 millions dollars company, and 90% iPad systems on market, no choice but completely overhaul, re-design their system for automation, like their system must work & run completely 100% on Mobile (not just reports), Mobile Pos, run all Devices because customers user iPhone, Samsung, and Cloud Print ... Which is cost alot of money, they already invested millions dollars on their software. Hard to change. Their Systems are What's Now and Office is What's Next.

- Is Office Automation, no Cashier, no Server?
-
Yes, completely. Beside Office is built:
Cloud Print, Work All Devices helps Automation. It also built-in Office Card like Star-Bucks Card. Customers self-orders, then check-out paid by Office Card enter Code or by Pay Pal Take Photo of Credit Card -> Then Just Walk out. Customers buy Office Card online or in store. Office Card, by design, is not Plastic Card but Digital Card, given 7 characters code store in their phone. Customers can check Order History, Balance, Order Items of their Office Card. When Pay, customer just need enter 7 characters code. Done. Just Walk out. No need Cashier.
Office Automation solution is much simpler and less Cost than Jack Ma Robot Automation's solution.
Funny see expensive Robots walk around in small area Store back & forth in "Round Trip" delivery food and come back to customers pay at Robot. Then Just Walk Out. Even take more time than Office Automation no Round Trip. See Office Card -> .
The difference between Office Card and Pay Pal is that Paid By Pay Pal required Register Info & Login at Office website. You need Login Office website when order Mobile or Online. When check-out, Office will transfer your Info to Pay Pal website -> So that you don't need re-enter Name, Address, Phone, Email when Pay at Pay Pal website. Only enter Credit Card Number. While Office Card is no need Login, no Register at Office website. When Buy, just enter 6-7 character code. Self-Txt Office Card Code your phone. Copy & Paste Code from your phone when buy. No need remember, no need enter code. Office Card no plastic is easy created, less cost. Business also used Office Card for Sales & Marketing. And used Office Card like your own Bank's Credit Card no interest 20% like Bank Credit Card. Email, Txt Office Card Code to friends.

NOTE: No one wants to go to a store for service, a restaurant to eat, and download 100 mb software on their phone. And go to another restaurant download another 100mb software. Keep on. Assume all restaurants has its own App download software. -> Ridiculous, bordering, non sense.
In Store, Restaurant that Use Office,
just type: www.myrestaurant.com that uses Office software, or touch on Office App Icon on screen will launch Office App -> Place orders. Done.

How much value Enterprise All-in-one Office System is worth?
-> Get to this stage, 1.5 millions dollars worth in Research and Development in R&D Office What's Next compared to 100 millions dollars What's Now in Vend.
- Investors have invested 100 millions dollar in Research & Development R&D Vend Software Internet Company. If we don't show you the Press Release PR, people would not believe it. Even 100 millions dollars, Vend at What's Now, not What's Next.
-> Build software cost a lot of Time & Money, even not sure you get the right software because lack of talents. -> That's why Millionaires, Billionaires are created in Software Business. Software rules the world.
But let's see
How Much Cost When Build Software. A software company to build software has A Few Good Men of 5 experienced Software Developers at least 15 years of experience. Each Ave salary =  $50,000 (salary Developer from $40,000 -> $65,000 ).
In just 1 years cost = 1 year x 5 Developers x $50,000 =
$250,0000.
In just 5 years cost = 5 year x 5 Developers x $50,000 =
$1,250,0000 (1.25 millions dollars)
Develop software cost a lot of Time & Money, and lucky if you get the right Talents. Not easy as you think. No wonder why Investors invested around 100$ millions dollars in Vend Internet Software Company.
- People think after software was built, it is Done. - Wrong. Because software keeps evolving. Vend has developed its software for 20 years, still continues its Research & Development (R&D). Vend is one of the best on the market. You have to be in Software Business, and as Software Scientist, who writes code under a lot pressure, in order to understand. -> That's why alot Millionaires, Billionaires in Software Business, most background as Software Developer. Everything you do, from Banking to Internet, in Office, your Smartphone, governed by software -> Software rules the world.
Mark Zuckerberg
when built Facebook with few friends, still Live in an Apartment. Yahoo at time, a big Media Company, worth 100B dollars, tens of thousands Software Developers, in need a Social Media Network. Yahoo couldn't build by itself a Social Software, wanted to buy Facebook few men, small start-up for
1 Billions dollars, but Mark Zuckerberg rejected.

Why Yahoo not use 1B hire thousands developers build Social Software. Why buy from FB few men?
- Facebook started in 2005 from A Few Good Men. Yahoo, 100 Billions Media Company, with tens of thousands software developers, try hard to build Social Software, wanted to buy Facebook in early day 2006 for 1B. People who are not in Software Development should understand that: -> Software is not easy to build. Even 100 B dollars company, tens of thousands developers can't build things that A Few Good Men can build. Today, Yahoo sold to a Company, out Business. -> Need the right talents. Nurture them.
How do you get the right talents?
-> You need Talent to Get Talent. Talents are different. They don't think, see things like common people. - You may think they are crazy, dislike them. You can't Get the Right Talents using Tradition Interview, " How Resume Look, Interview Questions like "- How Much Salary You Expect? blah, blah ..People can learn answer these Interviews online. -> This Tradition has Nothing to do with Talent. You have to look deep in their Work, in their Mindset, Problem Solving, Innovation, Visionary, and their Passion.
Jack Ma solve problem
Automation using Robots. We solve problem Automation using Office Card, Cloud Print, Work All Devices. But both are looking for Automation built-in when Design their Software doesn't matter customer use Automation or Not -> Because we build What's Next not What's Now. Like they build iPad only,  Local Print in Store only. We build Work All Devices, Cloud Print ready for Automation. -> Like Automation Driverless Car. While other Internet Company ignore, because they don't see like we do. -> We see What's Next. They every day *busy* see What's Now, iPad only, almost 90% on the market. So when Automation ready, they have *big problem* re-design from iPad only, Local Print -> Work All Devices, Cloud Print. =Too late. Cost Time & Money. Like Automation Driverless Car. -> Now not seen on street. But big Car Company already invested Billions dollars in R&D. Because What's Next.
Why Talents see differently from us?
 -> Something in Mindset, Visionary, Think differently. This is the difference between Talents and no Talents, the Followings ( person whom people follow) and Followers (person who follows someone.  Like run business. Like 90% iPad on market. Copy, Follow same other people design.). Steve Jobs said: - Innovation distinguishes between Followings and Followers. -> That's why a lot of Hundred Billions companies like Block Busters, Yahoo, Black Berry ... Out of Business. So many 100B Companies fall to zero. Use What's Now's People Search for What's Next's Talents -> Never good match.

NOTE: So far, Investors invested 100 millions in Vend Internet Company. It received 20 millions USD from Peter Thiel’s Valar Ventures and Square Peg Capital. https://blog.vendhq.com/post/64901824985/vend-raises-20m-funding-round-co-led-peter-thiels-valar-ventures-square-peg-capital. Recently, Vend Pos also received many other funding: 9 milllions, then 13 millions, 60 millions, and many other rounds. CEO said Total value at 100 millions. https://pitchbook.com/newsletter/vend-secures-9m-investment.
 


- Staff or Customers use Tablet, Mobile to Place orders. So easy.

- 100 millions dollars company Vend software run on iPad only, 90% iPad system on market Customers Can't Self-Order, Automation. Because No Cloud Print, iPad only. Because they print from Local Port on iPad. While Office print from Cloud, not local.

Why Vend System, and 90% Systems are iPad only on market, can't Automation?
1) They don't have Cloud Print Technology that allows customers Print from Mobile Phone.
2) Their systems run on iPad only. Can't tell customers bring their iPad when eat there.
While Office runs on All Devices.

What is Self-Order?
You yourself order online or in store is a Self-order. Easy. So
Customer Self-order in Store is as same as order online, even easier. Don't be afraid try Self-order in Store save time & money. See Cloud Print print receipt when customer self-order in Store or Mobile or Online Ecommerce. Click here


- Office Menu, Office Mobile, a whole system in one hand.


- Office Menu on Tablet, iPad for Staff, Customers Take orders.


- 90% iPad System already in the past. Can't Automation. Can't Mobile. Expensive Licenses.
- Office used for all kinds of Businesses, not just Restaurant.

- Old PC System in the past. Can't work, can't integrate with Online, Internet, Cloud, Mobile Order, E-commerce. Can't Automation. -> Businesses lost all its potentials, lost Revenue, not Reach out customers online.


- After few years, tens of thousands paper bills, a mountain of  Paper Bill. Harder to keep track -> Tax man, your Accountant will not like it.
- Simple Data: -  How much Total Sales, Total Tax from last week, last month, from January -> May?

 


Cloud Print: Print from Cloud, online, in Cloud, like website, Mobile Order, E-commerce order.
- Cloud Print also called Internet IP Address Printing Technology.
This Cloud Print Technology allows Print over the Internet.
 


Office Cloud E-commerce

- Customers Use Left Navigation (open/close) or Search. HOW? 3 Steps: 1)- Add-to-Cart -> 2) First tine touch icon [Register] info, like Name, Address, Phone, Email... Next time Login no register Name, Address... -> 3) Touch button [ePay] for Checkout & Payment. Enter Card Number. No enter Phone, Address.. Done!
Next time, 2 Steps: Login no register -> 1) Add-to-Cart -> Check out & Pay touch 2) [ePay] enter Credit Card number. Done. Grade 5 students can do it.

- Login: Type Email or Phone + Password as Birth Day -> Touch left icon Customer Login. Checkout Pay fast.
- Check Order History: Customer Login -> at Search box, type:
Order will list all orders + Delivery status.
- Search: Type product, rice -> Touch right icon Search
Click here



Office Card place order.
Different way customer can buy Office Card, Digital Card no Plastic, like Cash:
1) Buy Online at website like buy food.
2) Business self-create Office Card, 20$, 40$, 50$.. and Get Code generated. Then write Code on a business card sell, Email, Txt Office Code to friends. Good Marketing.
3) Office Card is also used like you create your own Bank's Credit Card,
no Interest.
4) Office Card is built-in system that allows Business, Customers keep track Orders, Items, Transactions, Date & Time, Amount, Balance.
5)
Office Card no Transaction fee. Every time customer pay Credit Card, Bank charge transaction fee from 1.5% -> 2% using their Card Terminal.
6) Office Card is used to buy Online Ecommerce, Mobile Order, in Store buy.
 

Image result for credit card terminal - Bank Card Terminal cost Transaction Fee from 1.5% -> 2.0% / Transaction when a customer Pay by Credit Card.
Only Paid by Cash and by Office Card
your own card no Transaction Fee.



- One Order ID= 1086 has 3 x Items

- 1.5 million dollars worth in R&D Office What's Next compared to 100 millions dollars in Vend system What's Now.


 

- Update Latest Office Product in April 20, 2019: How to Mobile Order, Online Order, E-commerce Order using Office Software Product.  Click here.
Customer Online Experience: Office Mobile Order, Online, E-commerce Order simple & easy, only few steps, only 3 x screens.

A customer said: - In China, Japan, restaurants now use Robots, Automation, Customers Self-order, Hi-Tech replaces Human Touch to cut labour cost. We still back and forth with paper, high labour cost. Carbon paper receipt cost ave 5000$ / year. While Digital Receipt and Thermal Receipt Pos like no cost.
In our store, I used an old PC Pos system which is a Cashier Point-of-Sales to Mange in-house orders. Now, I want to reach out more customer. I open an Online Restaurant that people can place orders from Mobile Order using any Devices, and Online E-commerce Restaurant. I phone to a local Web Design Company. It said: Cost
5900$ just to Design Mobile Order and Ecommerce Order. The company said that it costs only $6000 open an Mobile & Ecommerce store; While your physical Store cost tens of thousands dollars / month, Utility, Rent .... Do business today must be Online in Digital Economy, fast and efficient. Can't human slow, busy back & forth, waste Time & Money. They are right. Our Staff take order by hand, busy back & forth with customers, take alot of time.
A lot Customers don't want to give Credit Card Info to Staff by Phone. Less sales. Even Store Owner doesn't want Staff Take Credit Card Info of customers. We need
Smart Store need change mindset. But, I can't afford 5900$. Lucky we have Office System. Now, I will replace old PC Pos System by Office System that includes Pos Point of Sales Cashier System, Mobile Order, Online Ecommerce Order. All-in-one Office with affordable Price.

** Very Important ** Office System can print to Pos printer the receipts of online Orders from website, mobile, tablet to Pos Printer from Mobile Order, Online, E-commerce orders. The local software Company can't provide this feature. Email only. Hard for the kitchen chefs prepare orders in emails. For example, a customer not in Store, at Home miles away used Tablet, iPad, iPhone, Samsung Phone open Office to place orders -> Orders will print to Pos Printer. The chefs look at Pos Receipt to prepare order. Other Pos System, their Technology can print order within Store, not far distance like Office System. They can't print receipt from e-commerce website, mobile phone far away, or when customers order not in store. We also call Vend Pos, a 100 millions dollars Investors invest in a 20 years experience Company. Can't Do Online Print.
 
100 millions dollars company Vend What's Now vs. Office What's Next. Here are the differences Office can do but Vend can't do: (Update May, 2019)

A Scientist Professor said:- To explain this you need a Computer Scientist, who spent years on R&D, working on Research & Development (R&D) on Mobile Design, Cloud, Framework, Computer Languages. You can't learn this from school, reading.

1) Vend  System can't Print Online Orders from website, mobile phone. It can only Print orders within store area. While Office can Print orders from online website, e-commerce, from mobile, thousands miles away from store. Vend System good for Retails not for Restaurants because no Table Active Manager. While Office good for Retails, Nails & Salon, Restaurant, all kinds of businesses that want to expand online.

2) Vend can't run a whole Pos on Mobile called
Mobile Pos. That's why Vend Pos called iPad Pos (By Design, it runs on tablet iPad UI fit-in big screen only - Most systems on market by Design run on big screen iPad only) not Mobile Pos like Office can Mobile Pos. You can use your phone run Vend Pos for reports only. But can't use your phone replace Pos system. While Office by Design is Mobile Pos. You can replace a whole Pos by your Phone. See photo.

3) Vend System can't do
Mobile Order. Customers can't Take orders by Mobile. Staff can't Take Order by Mobile Phone also. While Office can Mobile Order, Customer and Staff Mobile Take Order.
For example, Vend's customers can't use their mobile phone at Home or in Office place order and print orders in Store's Pos Printer.

4) Vend system iPad only, 90% iPad system on market Customers Can't Self-Order, Automation because No Cloud Print. Because Vend system Local Print from local port hardware in small local area, iPad only. While Office Cloud Print from Cloud, Run all Devices: Laptop, Mobile, iPad, iPhone, Galaxy Samsung smartphone, Tablet

5) Vend System can run on
iPad only big screen, even not work & run on Tablet like Samsung Tablet. Vend sys can't run on Mobile, only generate reports.
While Office can run & work All Devices, Laptop, iPad, Tablet, Mobile iPhone, Samsung Phone. You can replace a whole Pos by your Phone. See photo.
- Because By Design, Vend's Developers develop their App for Apple Operating system iOS. Thus work only for Apple Products. Office by Design run & work all devices, including Apple iOS and Android OS. Thus use Office you don't need to download from Apple Store or Google Store.
- Why not Vend Developers do not develop & build another App for Android OS (Operating System like Windows OS) so that it can run on Tablet, Phone like Samsung Tablet, Samsung Galaxy Phone? - Because they need to hire another Team of Java Developers work on Android OS, thus cost money, resources, maintaining, like building 2 x Office Building. If to build the 1st software cost a lot of Time & Money, the second software costs even cost more. Cost double. Even 100 millions company, they have no resources. Pos System is Big App not Small App that can afford to build for both Apple OS and Android OS.
-> Given all big money 100 millions dollars company, hundreds of Developers, talents, huge resources.
With 100 millions, company can hire 1000 employees & developers paid 50K each.

A Scientist Professor said:- A lot people because lack of Technology background they don't know what New Technology Office can do. They listen to wrong people, who don't have technology background, thus biases. -> Even a 100 millions dollars can't do for them. For example, there are customers insists can Print Orders from online, Mobile Pos, Mobile Order, should Run & Work All Devices ... But they don't understand that's is not easy as they think. Even a 100 millions dollars can't do these for them. Businesses, Schools, Investors lack of knowledge waste Time & Money invest in Technology not for the future.

NOTE: So far, Investors invested 100 millions in Vend Internet Company. It received 20 millions USD from Peter Thiel’s Valar Ventures and Square Peg Capital. https://blog.vendhq.com/post/64901824985/vend-raises-20m-funding-round-co-led-peter-thiels-valar-ventures-square-peg-capital. Recently, Vend Pos also received many other funding: 9 milllions, then 13 millions, 60 millions, and many other rounds. CEO said Total value at 100 millions. https://pitchbook.com/newsletter/vend-secures-9m-investment.
 

- Office Mobile Pos is the first generation can replace a whole Pos system in mobile. Of course Office can run on iPad, Tablet, Laptop, Mobile. All Devices.

- Most Other systems on market, like Vend Pos can't because by design for iPad big screen only. That's why Vend System called iPad Pos not Mobile Pos.

- Not easy Design software make it fit in Mobile small screen. Mobile Phone does not auto re-size app. You must know How to Design App Fit-in Mobile small screen. Measure every inches UI (User Interface).

- Big screen like iPad, Tablet is easy design Software App but not easy fit-in small Mobile screen -> That's why in Software Design must start from Mobile First not Laptop First like in school. Most Schools teach Software Design on Laptop first. -> Look at the above photo. Very difficult to Design software Pos from big screen fit into small screen mobile, and work the same. And software must do all functions as Pos, Mobile Order, E-commerce  All-in-One.

- Software Developers when design, they don't see a whole bigger picture. Lack of Innovation. They see only as Pos on iPad. They don't see Pos can do Mobile Pos, Mobile Order, also online Orders E-commerce, online Print, run All Devices ... When Design, they see and satisfy: What Needs Now. Not What's Next. A small View. Big problem. Like run business, this View will not push business Forward, either Backward or Stay the same as Usual to the next 20 years, still the same. Then your Competitors invest in What's Next. You will be out of business soon. Like Video Block Buster didn't see What's Next of Netflix -> New Business Model Cloud vs. Tradition Store Location. Like smart phone, before Phone Designers see phone is phone. Phone can't be a Camera. A small narrow View. Today, smart phone more than Phone. It is: Camera, Internet, Apps.. All you need is one Steve Jobs change a whole industry.
 

- Household Millionaires Ranking in the world. Click.

- Keep 1 x a million dollars Home 90% Ownership or Buy 5 x a million dollars Homes, each 20% Ownership? - What Millennial New Trend
(Data smart)? Click.


Click : Measure Middle Class & Working Class in US & Canada with Europe, Japan and the World -> To measure the Wealth of a Country, you measure the Middle Class, not the Millionaire, Billionaire. To measure the people at bottom of a country, you measure the working class. (some correction - Will introduce many different GTA Districts and Communities help people understand more about Toronto, GTA.  )

- Cost to buy home in 50 US's States in 2018. Click here.  - Salary needed to buy Home in 20 major US Cities. Click here. (update)
-> Toronto 9.6 million population, Ave Home Price in Toronto $800,000, while New York, 8.5 population, ave Home Price $400,000 from Business Insider, Tokyo population 9.2 millions, Ave Home Price $247,000 (30 million yen) -> Home like car, is the best indicator about a person, a place that can afford.  -> Like you go to a town where people drive Mercedes, and another town where people drive Hyundai. What does it tell you about that town? - Home is symbolized for Toronto Middle Class, 90% asset. On Average, Toronto Middle Class 2 x times richer than Middle Class in New York, and Middle Class in Tokyo. If we don't use Data people don't believe it. But Data said so.
NOTE: Toronto Real Estate use Average Home Price $800,000 = All types Properties: Condos, Town Home, Home. If use Average Home Price for just Home, then much higher than $800,000 in Million.

Using Data
,
is worth thousands words, Scientists explain something easy understand by measurement value, define value, fact that common people can't by using mouth & tongue. Using Data, in few words, scientist describes Toronto more than multi millions PR campaign. People around the world, even people live in Toronto understand What Is Toronto.
- A Story of a Canadian Scientist Started from Nothing, no Money, no Degree, Lives and Works in Toronto for 25 years of experience. A scientist wears all kinds of shoes, understanding. Click here. Toronto is success and growing City as proven, because it opens to all kinds of people in the world, more than 1/2 its population, come, work hard, contribute, build the City, and have a fair chance of success. Other Cities in the world should follow Toronto, open, do the same.

 

- Framework is Modern Enterprise Architecture, like Infrastructure very important. -> Click. Office is built on 400 millions usd Software Framework.

- Web Services
Click
(update) -> Why Framework not only Coding likes Web Service, but also is Web Service, built-in powerful Web Services,
different Coding with Tradition Language like Python, Php, Java, C# .Net, Script, and no built-in Web Services. Self-Create, Re-Invent. -> Why? Benefits? => We don't need few hundreds Developers back & forth. Self-Create, Re-Invent. We just need A Few Men, who know exactly to Architect, Design, Code from scratch, from Front-end to Back-end. NOTE: If your Developers can't answer this then they don't know anything about Framework. -> Look, we build a whole Office on Framework. Take years. What is Re-Invent? - Stuff, Code, Design had been done, tested by New Tool, New Technology. But is done again. Even the most smart, experienced Managers, Developers don't know. -> Because they never up-to-date their skills to New Technology. -> Thus, they spend a lot of time re-design, re-code again. -> Thus Waste Time & Money over Budget. The big Loser is the Business. The Developers can always move to the next Job.
 


- Office in General -> Click |  | System Requirement: Office Work all Devices: 1 or many of : Laptop, Tablet, iPhone, Samsung. And Pos Printer. Done!. No extra complex software, hardware.

For example
: the simplest use Office is: Use Office on 1 x iPhone ( or 1 x Galaxy Phone) Take Order + Used as Pos for Take Payment at Counter or carry Mobile Phone around Store Take Order + Take Payment. Or put Office in pocket carry Onsite at Customer Location for Take Order + Take Payment. -> No fix big stand Terminal Pos, no PC pos can't carry around. That's why Office is also called: The smallest Mobile Pos, Take Order. No carry Paper Bill.

- 3 Steps to Setup Product Catalog. Started from scratch. Then Place First Order successfully. Click here.

- Office for Other Business, Nails & Salon, Retails. 3 Steps. Click here

A whole Big Stand System Take Payment but Can't Take Order & Carry = Office Mobile Phone Take Order + Take Payment

- Office for Restaurant  Usage: 2 Steps. Click here. Include Online Order + Mobile Order (like Star Bucks) + Self-Order (self-order in store same steps, just like customer self-order online, self-order mobile. Not difficult.) + Data Management, and POS (point of sales). | NOTE: Why let the middle man control delivery cost your business 30% / delivery. And your customer pay extra Tip for middle man, and slow. Because they delivery for many business customers, not just your customers. Waste Time & Money + No profit + Delivery Cost 30%, Tip 15% & Slow + Customer complaining. And still no Mobile Order. Customers Star Bucks Mobile Order all the time. ? -> Office can help!

Office Price: (New Pricing) Unlimited Licences. No subscription monthly. You pay 6 install payment. Done!
Use Other System, 5 staff use 5 Tablets. Cost Business: 129 $  / mo subscription + 5 licences x 40$ / mo = 330 $ usd / mo = 3960 $  usd / year -> Repeat year after year. Price in USD.

Office Unlimited Licences: 100 customers in stores use Office on their iPhone, Samsung Phone for Self Order + 5 Staffs use Office Take Orders -> Cost $0.0 for licences.

Office Free Monthly Subscription -> Technology Innovation helps reduce cost. Business has a lot of bills to pay every month.
Almost 99% Internet Companies charge Monthly Subscription. Customers paid every month and every year as their Business Model. But Office Model FREE Monthly Subscription, only 6 Install Payments. Done. No more payments every month and repeat every year. WHY? - Because Office is built on powerful Software Framework, New Technology (See Framework Infrastructure. All is about Infrastructure) -> Which makes Office software more efficient, fast, run with less Resources. -> Thus reduced cost, less Hosting Cost for Server, Network Resources. -> This Affordable Price helps bring
Office to Global, where their Businesses can't afford 129$ usd / month. Too much, even for Businesses in North American, US & Canada.
While other Internet Company
built their software used 20 years old Old Technology, required very costly Hosting Platform Server & Network. Not efficient. High Cost Hosting Fee, Server, Network Resources -> Charge high Monthly Subscription Fee. An Internet Company 6000 customers, but they build a costly Hosting Platform cost them tens of thousands / month plus IT people maintain.

Other Internet Company builds a big platform shared host thousands of customers, like a big Building each customer has its own condos. Can't customize each customer. Cost a lot of money to maintain big Building. You can't ask landlord add on new room, new features, customize screens, for your apartment. A lot software features, 70% you never use, only 30% feature are useful. If want customize your own business, you must buy Account Plus (+), which cost a lot of money, only for Big Business.
A customer said
: - I just need extra few features useful for my business. I pay extra fee. But they can't make it for me.

We build & architect Office each customer has separate Host, like its own Home, easy Customization of Office software for each customer.

Price Advantage: Why China always trade big surplus. Although US, people around the world, Like It or Not their Product, specially American. Why big companies always cut cost, reduce Price to compete. In a Globalization Trade Products & Services between Nations, Nationality became irrelevant. Company provides Products and Services for all kinds of Customers.

 
April 20, 2019 - Latest Update Office: Quick Mobile Order, Online Order, E-commerce Order

=>A Scientist Professor, who spent years of experience Research & Development R&D on Mobile App Design, Framework, Data Driven Architecture, said: - This is exactly What You See on Your Mobile Screen. No need Design & Download different Apps from different Stores like App for Apple Store for iPhone, App for Google Store, for Android Samsung Phone. No need different Software Developers Teams like Apple Team, Java Android Team. One App work for all Devices, easy use, easy manage, easy maintain only one App specially for businesses no in-house IT . Save big Time & Money for Software Development, more than 1/2 cost. Just click on Office App Icon on your mobile screen, and Open Office Menu as seen. => If every restaurant, every business, store uses our Office System required customers in store just to eat download 100mb then they will have no space on their phone. No one wants to do it. Eat 1 Noodle Soup download 100 mb data on phone. Bothering..

=> Steps: 1) Register and Login 2) Add-to-cart 3) Checkout Verify Info 4) Payment. Total only 3 x screens. No jump back & forth.
In general: 1) Before order using your Mobile, Tablet, Laptop, Register first click icon 2nd: [Register Info]. After register, you Auto Login system. Why? Save time to fill info like Address, Name, Phone ... again for next time order. Next time, just Login: Enter Phone and BoD at Search Box. Then touch left icon [Customer] to login.
2) Then Add-to-Cart items. Use Search to find items. Click [Item Option] select size -> +/- Qty -> Click [Order Now] add-to-cart.
3) Check-out: Then click 2nd icon [Register Info] again to Verify Info or Update Info before Payment.
Such as, Select: Paid By Cash or PayPal, Delivery Method by Pick-up or Delivery, Change Address delivery, Phone and BoD. -> Click [Submit] button close this screen.
4) Payment: - Click icon [ePay] to pay Cash or PayPal.
DONE!
Save Time & Money: Automation System better than Staff Take Order, Process Order, do every thing, look busy, but  cost Time & Money, human errors, hard to Track Data, back & forth.
 

2) - Add-to-Cart: Open Office Menu from your Mobile, Tablet, Laptop
-> Then Login if already Register.

-> Type your Phone + Birthday = 2007 from Registration
-> Touch left icon [Customer] to Login -> See OK Login success on screen, customer's Name appears.
-> Touch [Item Option] for diff sizes.
-> Touch +/- for Qty
-> Touch [Order Now] will Add-to-cart items


- When touch on photo of Item will show popup a big photo.
=> Nice Showcase Product Catalog.
----------------------------------------------------------------------
Customer Self Order Online Cloud Print

- This Office Order Management (OOM):
All orders in Store, Online Ecommerce, Mobile
are saved in 1 place OOM. Go to OOM you SEARCH any orders.
=> Any time, you can Print any order past & present from OOM like this Receipt.
=> Customer Self-Order online, paid by PayPal #74.
 

- Search Office Menu for all "Pho" items
-> Type "Pho" in Search Box -> Touch right icon Search

** IMPORTANT NOTE **
This is exactly you see on your mobile.
 


Quick Summary to Order:

- First time Order need Register. Touch 2nd icon [Register. Fill info in form (see pic) -> Auto Login Office system after register. -> Add-to-Cart -> Touch [ePay] to process payment.

- Next time come back order:
- Login Office System enter Phone and BoD -> Add-to-Cart -> Then Check-out: touch 2nd icon [Register] to Verify info. Data already in form. Such as, Change: Method Delivery, Paidby, Update other info like Address, Phone, Email ... if change.
- Then Pay touch [ePay] icon -> See popup info has been verified (pic) -> Then Pay by Cash or Pay PayPal.

Customer Online Experience:
Office Mobile Order, Online, E-commerce Order simple & easy only few steps, only 3 x screens. No back & forth many screens.

Office Mobile Order, Office E-commerce use for all kinds of business, pick-up / delivery not just for restaurant.
 

Cloud Print Receipt for Order Online, Mobile Order.
- Customer use Mobile or Tablet, Laptop to Place Order -> Check-out paid at Pay Pal -> After paid, automatic Cloud Print this Receipt in Store.
-> Chef prepare food on receipt.

- Staff also can Print this Receipt any time, any receipt pas, present, from OOM (Office Order Management)


<= This is Cloud Print receipt from left photo customer order online, then Cloud Print Receipt 74.
- Easy prepare food look at receipt than email.
- Cloud Print Receipt nice Presentation, organized Data, detail Data, include Customer Address, Contact, Pay By, Time. Auto generated from Office System and Print.
- Write by hand on Paper Bill Receipt can't look like this, few Data. Could take 15 min to write all Data of Orders Write by Hand.


1)- Office Register & Verify Info
 Customers need Register first. Every time when Checkout for Payment, need Verify info:
Paid By like Cash, Pay Pal.., Delivery Method: like Pick-up, Delivery. Or Update Info if changing like Address, BoD, Phone ...
-> Touch [Register] icon second will popup this.
-> After Registration will Auto Login.
-> Next Time, need Login by: Phone and BoD (Birth of Date). Let's say this order
$30.51 you choose: -> Delivery, Paid By: PayPal.
-> Look at this screen. It shows last time order, you chosen: Pick-up that's why its button shows in blue -> Now touch switch button Delivery in blue. Button Pick-up will become grey not blue.
- Last time select: Paid By Cash show in blue button -> Now, touch select switch button: Pay Pal in blue. The Paidby Cash switch button before in blue will become in grey, not blue.
-> Then check Address, BoD, Phone .. if you want to change. If not keep the same. Then touch [Submit] close.
-> Then select [ePay] button for Payment. It will open Verify Info screen make sure Info OK-> Touch PayPal button will jump to PayPal Check-out screen
-> All Data you registered like Address, Phone, Email will pass into PayPal. No need enter again. 
-> Just fill: Credit Card Info -> Touch [Pay Now] ->
DONE.


This is Cloud Print's Receipt
After customer paid at Pay Pal website. This receipt is printing online at the restaurant's Pos Printer for Staff prepare food.

What is a Self-Order?
You yourself order online or in store is a Self-order. Easy. So
Customer Self-order in Store is as same as order online, even easier. Don't be afraid try Self-order in Store save time & money.

A Scientist Professor said:

-> Easy said than done. It takes us a lot of time hard work Research & Development (R&D) Office go to this stage. -> Which brings What's Next Office as same Level as Product from 100 millions dollars Internet company developed by hundreds of Developers. All we need is A Few Good Men. -> What they can do we can do. But what we can do they can't do.
 

3) Next, Checkout & Payment: If select: Paid By Cash. Touch [ePay] button will popup this screen.  Paidby Cash for Mobile Order Pick-up => Touch [Other Pay] button. Done.

After you already Register -> Login -> Add-to-Cart -> Check-out Verify Info before Payment. Now to Pay;
-> Touch icon [ePay] if Pay-by Cash -> See this screen.
-> Payment by Cash. Done.
 

Admin Home: Login as Admin -> Open: Office Order Management (OOM) see all orders. That's is it. No difficult. Just give you a tour: From Customers order to Admin check Orders. Where orders are going.
=>
Avoid give credit card info online to stranger, strange business used their Check-out Form to collect credit card info, even Staff of a store. You never know what happens.


- Admin Open OOM will see: Date & Time of Order: Sat, Mar 23 2019 - 11:46 AM 0. And: - Name, Address, Email, PayBy: PayPal .. of this order.

Below are few Steps for Staff Take Orders / Customer Self-Order in Store.
->
Only 3 x Buttons: [Park] -> [Table] -> [Print]


- Checkout & PayPal Payment: If select: Paid By = Pay Pal. Touch [ePay] will pop-up this screen.
Paidby PayPal for Online, E-commerce Order. => Just touch [PayPal] button -> Jump to PayPal screen =>

After you already Register, Login -> Add-to-Cart -> Checkout Verify Info -> ePayment -> -> Touch icon [ePay] if choose Pay-by PayPal -> See this screen.

-> Touch [PayPal] button will see next screen ---> All Info Registered, like Address, Phone, Email, Name.. are transferred to Pay Pal Servers. No need enter -> Only fill your Credit Card info -> Paid. Done.

Admin Home: Login as Admin -> Open: Office Order Management (OOM) see the order in detail.


- Touch on Order number #12 -> See Detail of Order.





Screen, Buttons of Staff after Login is different screen of customers in Public


- PayPal Payment: -> Fill Credit Card Number only. No need enter other Info like Name, Address, Email, Phone .. -> Pay Now.

-> Touch [PayPal] button in previous screen -> Will jump directly to this PayPal screen.

-> Auto load Data Registered by Customer, like, Address, Phone, Email .. to Pay Pal server screen. No need enter again. Save Time.

-> Customers Fill Credit Card, Paid. Done!

** IMPORTANT NOTE **
- Customers will pay at PayPal Network Servers, very powerful, secure multi-billions Servers that can handle and process hundreds of thousands of transactions.

- The Business, Store don't know, don't store, don't keep customers Credit Card info. 

- Only PayPal keeps your Credit Card Info.
- No worry Hackers hack into Business System. Nothing value.



















Active Table Manager and Cloud Print


1) Staff Login -> Go to Table 24 to Take Orders in this screen: Add-to-Cart -> Assign Table / Seat touch on blue button [ T?: ] -> popup screen. Select  -> [T24/S2] (see photo)

Staff / Customer in-Store Take Order use: iPhone, iPad, Galaxy Phone, Tablet, Laptop ..
Steps:
Add-to-Cart -> [Park] -> [Table] just Review make sure ok -> Press [Print] button -> This is a Receipt Print 1 of many orders for that Table T24.
Only 3 buttons
:
Park: park orders, repeat orders of a Table. -> Table: review orders. -> Print order #64. T24 can have many repeat orders like this Od#64. Touch 3 times print 3 receipts.
- An Order like #64 can has 1 item or many items
- A Guest can Take Order for other Guess. Or each Guess Take Order separately.
No wait. That's why 1 Tablet / table no good. Every one waits long time.
- Kitchen Chef uses this receipt prepare food. Chef can Track which Item
is served or not. Print a List of Orders T24 any time at Table Manager.


- This Receipt Print from Staff Take Order or Customer Take Order in Store-> Add-to-Cart -> [ Park ] -> Print this order #64.
- Chef used this Receipt to prepare food.
- To Print a List of Orders of a table, must Print from Active Table Manager.


That's it: in General

1) We show you How Customers online Place Orders and Pay by Pay Pal and Cloud Print receipts

2) We also show you How Staff / Customer in-Store Take Orders -> Park orders -> Pay and Print receipts.

Vend system hard for restaurant, food service business because no Table Manager

2) Staff Assign each Food Item a Table / Seat = T24 / S2, and a Note for that Item if required.

3) Staff Assign touch
[Park] button to Park all orders of this Table 24 in Table Manager 24.

4) Staff touch
[Table] button will see List of all Active Tables currently occupied by customers -> Touch T24 see  Items order for this Table.

5) Staff touch
[Print] button to print receipt for Chef in kitchen. That's it. Then touch [Clean Cart] for next order. See receipt photo =>

** T24 Repeat many orders after this order **

Customers at Table 24 continues order more food items. Staff add-to-cart -> Assign Table/Seat to each Item -> [Park] -> [Print]

Customer Pay @ Table 24:

Staff touch [Table] button -> Touch # 24 -> See List of all orders including:
Order #, Date & Time, Table & Seat, Staff who served that Table, Note each order ...

Then Staff touch [Pay] button to pay for Table 24.

How to change from Paper Bill to Digital?
- Easy. When Take Order use Tablet, Mobile. No Paper.

This Carbon Paper Bill Receipt has been used over hundreds of years. No good, bad habit hard to change. Because:

1) Cost around 4000$ / y - Not cheap. Cost many times more than Office System.

2) Staff write on paper back & forth, not clear, human writing error. Take a lot of Time writing, tracking, inputting in system. Not efficient.

3) Digital Receipt better, easy use. No cost. No write. One touch Print Data already in system when Take Order (unlike paper). No Input. Easy Track.


- Not cheap.
Take a lot of Time writing, tracking, inputting in system. Human errors.

- 12 rolls of Thermal Paper Receipt cost 59$. Can print millions of receipts. See left pic. Look nice, clear, professional, alot Data.
-. Can't Hand writing looks like this.

Print receipt as much copy as you like.
Can't do with Paper Bill carbon copy, very expensive.

Office is built for all kinds of businesses, Retails, Nails & Salon, Restaurant, Food Services ..
 


- This final check-out receipt for all orders T24
- This T24 repeat 2 times of Orders = OD #66, OD #78
- Display sort by Table/Seat
- Kitchen Chef uses this receipt to prepare food.
- This Receipt is Clear, Good Presentation, a lot of Data,
avoid human writing error. Save a lot of money Paper Bill Carbon Receipt.

Print from Active Table Manager
-> Allow you to Print a whole List of Orders of a Table.
-> This receipt gives to Customers T24. Chef also uses.


- This final check-out paid Receipt for Table T24. Slit Payment by Seat. Print from Active Table Manager.

-> Touch T24 open its List of Orders -> Touch Print.
NOTE: It split Orders by Seat. So if 4 Guess. Each Guess pays by its own know how much.

Vend doesn't have Active Table Manager very difficult for Restaurants to Manage orders.

- Home Value affected by Inflation just like other things. Whatever we have, car, cash, cloths, TV ... will lost value naturally by Inflation the Time Machine, in the long run. Only Home increases values, protects us from Inflation. In 90s, Big Mac was around 2.0$, 1-Bed Room around $600. Today Big Mac 6.0$, 1-Bed Room around $1700. around 3x times higher. Home like Big Mac, Rent, up naturally by Inflation. Rent up -> Home Price Up -> Don't expect Home Value (Price) decreases value in the long run. Just like other G7 countries, Canada does very best in keeping Inflation under 2%, much better than others countries in the world, G20, developed and under-developed countries. No country can avoid Inflation, but only control it. Interest Rate is a tool used by Central Bank (Bank of Government) to control Inflation.

- Quick Data Analyst in 32 years, from 1986 -> 1998, Home Value increased from Ave 138,000$ -> 216,000$ = 1.56x or 156%. From 1999 -> 2010, Home Value increased from Ave 229,000 $ -> 432,000$, an increase 1.9x or 190%. From 2010 -> 2018, Home Value increase from Ave 432,000$ -> 800,000$, an increase of 1.85x or 185%. During 32 years, there were 3 Stock Market crashed: Black Monday Oct 1987, Internet .Dot Com bubble in March 2000, Financial Crisis in August, 2008. And Few Housing Coolings, few Economy Recession ... No problems, Toronto Housing goes strong. A person remembers:-  Mortgage Rate very high during 90s in 6.0% -> 8%. Media, News, People talked about Housing went down, very scary. Nobody wanted Home but Rent in 90s. He recalled. -> A lot people were waiting for Interest Rate Down, like now 2018. But nothing no problem happened even such very high Interest Rate.-> Home was flat, then increased 180% near double in 10 years from 1990s -> mid 2000s from 200 thousands something -> 400 thousands something. They missed chances Buy Home in 90s. Right now 2019, Interest Rate 1.75%, expected not changed for a while. Interest Rate in 90s 3x higher than now.

-
Whatever crisis, Home Value still increased in the past 32 years. If you bought a Home in Toronto jump-in at any time in the last 32 years, you will have Good Return around 1.5x or 150% after bought Home in 10 years. Data said so, no mouth, tongue. Right now Interest Rate is still cheap at 1.75% stay for a while, no more increase by BoC. People were talking about the Hype of Toronto Housing since 1990s. Now, in 2019 we still talk about Housing Hype -> Already Hype 30 years ago. Inflation has contributed to some higher Home Price. -> Just recently 2017 when Toronto Housing Cooling, a lot of News predicted Housing Bubble, the Bear came out scare people away. But only minor correction then back to normal. -> The Bear is always waiting for some bad news to come out.

Author: There are tens of thousands Home Owners in Toronto, GTA working hard for their home. What ever happens to Toronto Housing Market, like Home Price goes Down, Downtown Toronto would be the most affected areas in double loses compared to other areas. The Author is just a messenger. If you buy home in Toronto 5 years ago in 2013, you would have $312,500 in 5 years. See Data in this Blog. This money will take 30 years to save. => Few my friends who are " Millionaire Professors ", who bought Home in Toronto 20 years ago. They said after paid for Income Tax, Rent, Car, Vacation, all Living Expensive by their own Standard... They manage to save $150,000 / 10 years.=> That said, even Millionaire Professors have Good Salary would take them 20 years of working to save such money. While Buy Home would take only 5 years. Salary big or small, make ends meet helps you pay Living Expensive. Home helps your Wealth, Net Worth grow. - Do you save $100,000 after working 10 years?

The Author said:- Few my friends "millionaire Professors"  who had Home 20 years ago. He implies that "Millionaire Professors" not because they have good salary, but because they bough Home in Toronto 20 years ago. Which made them millionaire. Still take them at least 20 years. Not easy. -> The Author doesn't say he is millionaire nor millionaire Professor. As a Canadian, he still makes ends meet, still has Debt like every one. There are tens of thousands of People own homes in Toronto. He is messenger to send good message Buy Home if you want to grow Wealth. If you can't Buy Home, or missed Home Run -> OK, accept it. Saving for Next time. -> Follow this Blog. We will make sense using Data.  

In any country, regardless your backgrounds, your social classes, rich, poor, you work hard, climb mountain, contribute to society, good citizen. Starting from nothing, no money, no privilege, you become Scientist, Engineer, whatever, become Millionaire. Whatever country they will welcome citizens like you.    

As scientist, we use Data no biases, exaggeration.
Some people have no background in Data Science. They often used mouth & tongue, easier, faster fire direct from mouth & tongue than from brain and research. Because you need to Do Research in order to Get Data, take time. Recommend reading Build & Implement Database System & Data Management at left side of this website. CANDO = Collect Data, Analyze Data, Normalize Data, Design Data, Organize Data.

Update: May, 2019 - Continue update until end of month
 

- Click here see Toronto and GTA map.

Average Home Price Toronto =$903,992 = Average Price of All Properties: Detach + Semi detach + Town Home + Condos. When Average Home Price up doesn't mean Average Listing Home Price update right away. But gives the Buyers & Sellers understand more about its Home's value. That's why you usually see Home Price after sold much more than Price Listing. Usually the Sellers's Listing Price lower to invite people come see and Price bidding. => The decision to Buy & Sell of Home Price depend on the Sellers & Buyers.
*** Important News May, 2019 **

1) Detached-Home market, Home Sales has increased significantly = 21%. But Home Price increase just a little bit = 1.35 millions dollars in Toronto. But outside Toronto, in GTA (905), Detached Home Price falls. Because Stress Test makes it harder to qualify higher mortgage.
- Vancouver Detached-Home =
1.43 millions, rank #4 Home Price in the world. Home Sale down 29.1% -> Home Price dropped doesn't make Buyers Market. Lesson learn in both Vancouver and Toronto. In Spring 2017, Home Price Toronto at peak, very high, Detach Home 1.5 millions. But people line-up, multi offers.

- Where People want Home Affordability?
- Housing Vancouver so far Home Price dropped around $350,000 or 20% from its peak. But not see people want House Affordability jumps in Buy. The Home Sales down more than 43% below in many decades. But when its high price, Home Sales up in top 5 Home Markets in Canada.

2) Semi-detached Home sees both Home Sales up 6% and Home Price up 3% to
1.1 millions -> 1.2 millions dollars. Condos is the winner Sales up 30% and Price up:6% = $637,181.

3) For people wants Home, but can't afford Detached because Stress Test make it even more expensive, and Property Tax of Semi detached much less than Detached -> They choose Semi-detached. Detached, Semi-Detached both Categorized as
A Million Dollars Home, its Ave more than a millions dollars. -> That's why Semi-detached always up both Sales & Price.
 

- Home Sales substantially up 16.8%, Home Price soar as Spring Market finally begins to Take off. While Vancouver sees Home Sales 43% down below 10 years average, and 29.0 % down compared to last years. In Vancouver, Average Home Price = $1,011,200 - Condos = $656,900. Townhouse: $783,300  
- Average Home Price Toronto in May, 2019 is $903,992, last month = $830,043. Only $97,000 different with Vancouver rank #4 Ave Home Price in the world.
- Detach-Home, Semi-Detached, Ave Home Price up above 1 millions dollars as usually, categorized as A Million Dollar Home. Specially Detach-Home see Home Sales up 20%. substantially & Home Price flat around 1.35 millions (at peak 1.5 millions in Spring 2017). While Vancouver 1.43 millions (at peak 1.8 millions), only $95,000 different, usually $300,000 different Toronto's Ave Home Price. Toronto Semi-detached, Home Sales up 6%, Home Price up 3% around 1.1 millions -> 1.2 millions. - Condos Home Price up 6% = $637,181, Condos Sales up 38%. Townhouse: $757,150.
- Average Home Price in GTA in May, 2019 = $820,148 also up, last month = $788,335, largest increase over a year.

=>Who is responsible for Toronto Hosing stable and strong?
- Wealth creates Wealth. In any country, rich Middle Class is created in the biggest City. In 20 -> 30 years, Middle Class Toronto has seen their wealth up significantly, creating 2/3 millionaire population of Canada's 4.8% millionaire population in the world, only 2nd after US 7.1%, Japan 2.7%, South Korean 1.8%, German 3.3%. See Millionaire Households Rank in the World. Click here -> While Vancouver population only 650,000 people, less than 15 times Toronto & GTA population of 9.6 millions. => It is Toronto Middle Class responsible for Housing Toronto stable, not down like Vancouver.
- Use Data we also proved that Middle Class Toronto 2 x times more capital access than New York city, and Tokyo 's middle class, where average Home Price around $400,000. While 60% American, UK 51%, Japan 48.9%, Canadian 49% have less than $100,000. See Millionaire Households Rank in the World. Click here -> Data reflects the reality.

-> Who have capital can afford Home in Toronto. Is it Toronto Home Affordable? -> Depend on whom you talk to about Home Affordable. To some people yes, to some others no -> On average, a 20 years Middle Class Toronto can afford to buy 4 x A Million Dollars Homes satisfy 20% deposit for each home. That's why even Toronto Home Price is high, but there are always people who can afford. You need to use Data. See our Blog.

NOTE: Only Dumb and Idiot keep cash in bank account and Show off Cash, Spending gradually to nothing. Most smart people invest their money in Stock or Home gradually to something. Middle Class has 90% their capital access in Home. And they try to pay off Mortgage as soon as possible. 10 years longer like pay off Home 20 y vs. 30 years -> Could cost them at least $150,000 for Interest in 5 years. Car, Money lost value because of inflation. A car, after few years, lost near 1/2.
 



Update
: April, 2019


- This Ave Home Price includes all Types of Properties like Detached, Semi Detached Home, Town Home, Condos.


- In March, Toronto Ave Home Sales flat compared to Feb, 2018 last year. Home Price continues edge up (slight higher).
-
In March, Toronto Ave Home Price includes all Types of Properties in Toronto (416 Phone Area Code) = $830,043 compared last year Jan,2018 = $817,619 .
- In March, Toronto (416 phone area Code), Condos  Ave Price = $603,969. Town Home Price Down -1.7% = $741,881.
-
Both Detached, Semi-Detached Ave in a million dollars Home.

- Average Home Price In GTA
(905), includes all Types of Properties, Ave = $788,335, compared last year = $784,514.

 


-> This photo we paste Head Lines from other big major News Sources. Such as, The Toronto Star, CP 24, Globe & Mail, Toronto Storeys, BNN, Global news, The Canadian Press. See Toronto map below

=> This could be a signal of the beginning of hot Spring and Summer for Toronto Housing Market 2019. As we said Toronto is not Vancouver.

** Important News *** we will continue more. Refresh your web browser up-to-date info ...

Behaviour Economics: Study about the effect of Emotional Intelligence, Cognitive Decision, Culture, Society, Psychology of Individuals on irrational making decision economically. 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 in order to response to change in Policy and Market Condition. Which makes the difference between Tradition Economics and Behaviours Economics.
Image result for behaviour economics
For example, from Behaviour Economics (Economics of Reality - Must have Life Experience. Wear different shoes. Use Game Theory, scientists can predict the outcome. ), we can predict or measure that Stress Test will cause Higher Rent because people react to it. It happened. Rent in Toronto has increased 11% in 2019.

Another Example,
Own 1 x a million dollar Home with 90% ownership or Own 5 x a million dollars Homes with 20% of Ownership. What choice? -> 65% people will choose own 5 x Homes, richer. Because they see Gains of 5 x Homes but ignore the Losses, or not Think about the Losses of 4 milllions in debt, only 20% Ownership, a lot risks like Interest up, Home Price down or flat, loss job, Tenants vs. Landlord problems, a lot of Taxes like Property Tax, Home Maintenance, Work longer, Climb to Top of Mountain longer. People refer Gains, hate Losses.

Another Example of Behaviour Economics. Which of the following would you prefer:
A) A certain win of $250, versus
B) A 25% chance to win $1000 and a 75% chance to win nothing?
-> 60% people choose A) for certain gain $250 (like Gains) even only small gain than choose B) a lot riskier 75% not win, even win big $1000.
How about:
C) A certain loss of $750, versus
D) A 75% chance to lose $1000 and a 25% chance to lose nothing?
-> 65% people would choose D) because 25% chance lose nothing even small 25% (hate Loss), ignore big 75% could lose up to $1000 or A) certain loss of $750

 

NOTE: Use Game Theory is about Making Choices or Decisions, Scientists can predict the outcome.

See the movie Crazy Rich Asians - Professor Chu Play Game Theory with students. Click here.
** Important News ***

1) What is in Toronto:

Home Price in Toronto (416) including:
City of Toronto and its Districts (Municipalities) are: North York, East York, Old City of Toronto (Downtown or Entertainment District) and Etobicoke.
And (905) surrounding Districts are: Brampton, Markham, Vaughn, Richmond Hills, Pickering, Ajax, Durham, Peel, Mississauga, Oakville, Scarborough ...

Toronto = Old Toronto (416) + GTA (905) = 9.6 millions

Look at the Toronto map below including: City of Toronto and GTA

2) In March, Home Sales flat or stable, and Home Price edge up 1.5%. It's good news.

3) In Toronto:
Detached Home around 1.25 millions and Semi Detached Home around 1.1 millions. Both are in a Million dollars Home. Price not much changed.

4) Good News: Toronto Home Sales & Home Price good, stable, Price edge up, in contrast to Vancouver's down.
=
> This could be a signal of the beginning of hot Toronto Housing Market

5) Stress Test and Lack of Supply are top issues in Toronto Housing market this spring.

A Scientist Professor
explained:
To Solve Problems you need understand Problems scientifically. Let's look at Stress Test & Lack of Supply, which are main issues in Toronto Housing market for a while. We found these issues long time ago not just now:

A) Demand issue:
Stress Test continues impact on Home Sales down because less Home Buyers qualify for mortgage, and thus put pressure on Home Price not jump too much juicy.

- Stress Test: started in Jan, 2018, has big impact on Demand Side. Home Sales down because less people qualify for mortgage. -> Demand D1 shift left dropped -> D2. As a result, it puts more pressure on Home Price not jump too much juicy = P1 reduced lower Home Price to P2. Home Supply like Home Builder, Construction, Home Listing fall from Quantity: Q1 -> Q2. Less Home Sales thus less people want to build more Homes, less Home construction.
=> From Demand Side perspective, you see
Home Price Lower from P1 reduces -> P2. And Lack of Home Supply  Q1 reduces -> Q2.
 

About Stress Test: People think Stress Test is used to Test people if they qualify for mortgage by increasing harder 20% to qualify. For example, you buy home $800,000, Stress Test you if qualify for 1 million dollars mortgage, and higher current Mortgage Rate to make sure if Interest up, Home owners can still pay mortgage. And Deposit at least 20%. But actually Stress Test is the Tool to Control Home Price by Control Home Buyers, Less Buyers from Demand Side perspective.

B) Supply Issue:
-> Because Less Home Builder, Home Construction reduced, Home Listing fall. Thus less Home Supply on market -> Home Price edge up.

Supply Issue: - Since lack of Supply Homes like less Home Builders, Construction New Homes, Home Listing fall means less people sell their homes. Thus less Home Supply in market. -> Supply Shift left dropped (lack of supply) from S1 -> S2 -> Quantity of Home Supply reduced from Q1 -> Q2. Home Buyers compete for "limited Quantity of Home Supply" in market. -> Thus, push Home Price higher from P1 increases to P2.
 
=> As a result, all of these Supply factors push Home Price continues higher. But not too much high, too fast, too quick like its peak in 2017; Because of Stress Test has impact on Home Price from Demand Side.

Therefore, you always see or hear in the news: -
Home Price continues slightly higher or edge up, but not too fast, too quick like its peak in 2017. While Home Supply low, Home Listing fall.

So 64K Question: - Should we eliminate Stress Test like many others in Real Estate Industry, including Pres. of Toronto Real Estate Board asking for in order to boost the Demand for Home Sales?
-> We will explain later the Pros and Cons.

- Why Home Sales down but Home Price up. Scientifically prove. Not mouth, tongue.
- Average Home Price in big 5 cities Canada including Vancouver
.
- Why Toronto good, staple, price continues edge up but Vancouver's plunge? - Who are heavy lifting Toronto Housing?
- And many other issues.
-> At least we give you some scientific explanation.


- This is from North York District Real Estate. Under, it said that:- North York is a municipality within the current city of Toronto. A City has Municipality like North York is a second Economic Hub after Downtown Toronto. Population around 710,000 (2018), Vancouver around 632,000. City of Toronto include: North York, East York, Etobicoke, and Old City of Toronto or Toronto Downtown, where Financial Center of Canada, Banks, Stock Market, Govt Agencies, Univ of Toronto, TV Stations, Broadcasters.. (majority Whites Canadian in many generation). The rest surrounding (905 - phone code) GTA (Greater Toronto Area) like: Vaughan (majority Italian, Western European like Portuguese, Greek, Spain...), Markham (majority East Asian: - Chinese: Vietnamese, Philippines, Korean, Japanese..) , Richmond Hill (majority East Asian..), Brampton (majority South Asian: Indian, Pakistan, Bangladesh, Siri Lanca..) Mississauga (35% East Asian, South Asian 25%).
=> Of course they are all Canadian only different backgrounds.
=> Toronto + GTA = 9.6 millions population, bigger population than New York city and Its Districts 8.5 millions.


Average Home Price Toronto  = Average Price of All Properties: Detach + Semi detach + Town Home + Condos. You usually see Home Price when sales much more than Price Listing. Usually the Sellers's
Listing Price lower to invite people come see and Price bidding.

NOTE:  In Canada has 2 biggest Universities are: York University, #2nd in North York, the most International Students of Canada Universities, after University of Toronto #1st in Downtown Toronto. In the map Toronto is referring to City Toronto Downtown, it is called Entertainment District of Toronto (like North York District, North of Toronto), where is the Financial Hubs Center of Canada like Banks, Stock Market  ...A lot people live in North York don't even know North York is in current City of Toronto, big population, second Economic Hub of Toronto after Downtown Toronto.

NOTE: Home Price also is changing depend on different Districts. In North York Ave Home Price of all Types of Properties is around 1.1 millions. In GTA Brampton
(594,000) Ave Home Price around 690,000$, in GTA Mississauga (750,000 population, 6th largest cities in Canada), Ave Home Price around 712,000$, GTA Markham (329,000) $897,000, GTA Vaughn (306,000), $962,000, GTA Ajax $650,987, GTA Pickering $639,000. GTA Peel $713,000 ... While GTA Ave Home Price of All Properties (Home, Town Home, Condos) in May 2019 around $820,148.

Ave Home Price 5 biggest Cities in March, 2019 release on April, 2019:
-
In March, 2019, Vancouver, 663,000 population, ave Home Price = $1,027,515, Town home = $783,600, Condos = $656,900. Sales plunge lowest since many decades, 7.7% price dropped compared to last year. -> A detached home in the region is $1,437,100. Which is -10.5% lower then March 2018, -0.4% decrease from February 2019. While Toronto, Detached-Home March, 2019 Ave = 1.25 millions, at peak 2017, around 1.5 millions - Most heavy losses in Toronto is Detached Home, while other Properties like Semi-Detached 1.1 million, Town home $741,881, Condos $603,969, see an increase or no lost. While in Vancouver, its peak, Detached Home Ave 1.75 millions -> Now = $1.43 million, lost = 320,000$.
In conclusion
:
All Properties in Vancouver are losses. Not in Toronto only Detached Home lost, other Property Types no lost or increase. Vancouver Sales plunge but Toronto Sales stable. -> Which are the differences between 2 markets. Currently, Vancouver Rank #4  most expensive Home Price in the world.
- Montreal, 2rd biggest City Canada after Toronto 1.75 millions population, Ave Home Price = $353,400 flat, Calgary, 1.26 millions population, Oil Producers = $409,800 down, Ottawa, 884,000 population, Capital, Ave = $400,800 down, Kitchener- Waterloo,
234,000 population, Hi-tech, Start-up, Head Office of Black Berry, Nortel, Ave Home = $505,855, Price up 3.4% compared to last year, but Sales down 7%.

- Have 1 x a million dollars Home 90% Ownership or Have 5 x a million Homes, each 20% Ownership?

Rather have 5 x a million Homes
20% each (not 10% of a million Home -> Don't Buy Home less than 20%), more Debt, more Interest Payment. Interest begins up trend, long road hardship ahead another 20 years. Own 5 x a million dollars is not richer but poorer (common people think rich. OMG, own 5 x a million homes. Not scientist), more debt = 4 millions dollars debt, very risky, Stress Test. Own 5 Homes are Bank's Home, ownership less than 50%. Bank can take Home away any time if payment not meet. -> Better Have 1 x a million dollars Home 90% Ownership on Top Mountain.

-> Use DATA: -
A Scientist in Montreal 20 years ago, Ave Home 225,000$. A Scientist in Toronto 20 years ago, Ave Home around 217,000$ -> Today, Montreal Home 350,000$. Montréal Scientist approximately Wealth around $300,000 with $50,000 mortgage left. While Toronto Scientist's Wealth 1.2 millions dollars, 4 x time more. Both Scientist work hard 20 years Time & Money, but ROI different. Millionaire Toronto Scientist 1.2 millions in 20 years. Montreal Scientist take 2 x Generation become millionaires. Just Grade 5 math. So Where You Live Makes Different.

- A Scientist Professor said: - As a Canadian, I grow up, live in North York more than 20 years. I have seen its changing so rapidly.

 

- Millionaire Scientist Professor in Toronto.
Is possible? - Yes. In Toronto.

NOTE: Canada like any country, your country. It is not easy to become millionaire. Canada 4.8% millionaire population 2nd after US 7.1%, Japan 2.7%, South Korean 1.8%, German 3.2%.
-> Every one wants to become millionaire. The reason I talk about millionaire Scientist Professor because I know their salary 20 years ago that others don't understand. This salary can help them achieve this dream easily. They can Buy multi homes or Buy Home with Deposit at least 30%.
1)
Must go back 20 years ago to have such opportunity. One Scientist Professor said nearly missed if work as Software Developer.
2) Take
20 years Work hard. Climb mountain. No easy.
3) Must Buy Home at least 20% Deposit reduce Interest Payment, faster Ownership on Top Mountain

Click See Cheque of a Professor. This cheque helped Get in Middle Class in 1 year, 30% Deposit. Don't wait get in early. I can tell 20 years ago. However, I can't tell you salary of Professor now. Make a guest look up minimum wage increased from 6$ to 14$/hr now, although a bit faster than other career.
NOTE
: Canadian Government every year publishes Name of all Public Sector Employees, who salary made over 100,000$ called "Sunshine List". This cheque 20 years ago, by inflation adjusted, value of money decreased value. This cheque today around $150,000, while value of Home after 20 years increased 4 x times from 217,000$ -> 840,000$. This cheque would qualify for "Sunshine List" today. In 2017, 131,909 People made over 100,000$ out of 8 millions people working.
->
Don't keep Cash in Bank Account. Car, Money lost value By Inflation. Put money in Home piggy Bank for Saving Money, or in Stock (risky - in past 20 years 2 x times Stock Market crashed in 2000, 2008).

NOTE: 20 years ago, Software Developer 12.0$ / hr, Teacher 11$ /hr, Scientist 15$/ hr, Factory Worker, Restaurant Server minim wage 5.50$ -> 6.0$ / hr. In Canada, people get paid by the position they get hired. No mouth & tongue.

A Scientist Professor said
: -> If 20 years ago I started early my career as Software Developer, I probably would not Get In Middle Class. Because it would take me working at least 10 years saving Buy Home. But then Toronto Home Price increased fast to double in 10 years. Missed it.
-> Lived in any
Industrialized Country like Canada, US, Japan, Europe, and any Development Country you have to pay Tax & Rent (or Mortgage). After Income Tax (25%), Rent or Mortgage (45%), Car, Car Insurance, Gas, Food & Restaurant, Phone, Grocery, Entertainment, Vacation ..In Canada Hospital, Education Free. -> Just Income Tax + Rent = 70% your Income. Nothing left for Saving or Buy Home. That's why Home helps Middle Class increase their Wealth, add on multi trillions dollars into Economy.

 

 


Forecast Toronto Housing for 2019 All forecast for 2019 Toronto Housing, all types of Properties will be improving, higher Home Sales, moderate Home Price grow. It could return to its peak in 2017 after 2 years cooling. Home Buyers are adjusting to Stress Test, other rules. Good time Buy Home now, while Interest still at historic low. If you sit and wait for Supply side, more home builders build more Affordable Housing, could take a lot of time, at least 5 - 10 years.  And tens of thousands more new Homes, still a small amount will not satisfy the Demand for home. President of Toronto Real estate Board said: " It is encouraging to see the slight increase in January transactions on a year-over-year basis, even with the inclement weather experienced in the GTA region during the last week of the month. The fact that the number of transactions edged upwards is in line with TREB's forecast for higher sales in calendar year 2019."

Is it Home in Toronto expensive? Who driven?
-> Home like car, all kinds of cars. Depend on who you talk affordable. Buy Home need Money. Who has money $200,000 for a Deposit? -> Toronto Middle Class. As we always said that it is Middle Class heavy lifting Economy. See Bottom up Economics in Blog. Middle Class buy second Home, upgrade their property i.e. from Town Home -> Detach, Semi, invest, co-sign their relatives, their children ... Why Middle Class? Because there are millions of them more than few thousands upper class, and they have money & resources than Working Class.

Different with Vancouver Film, TV production, Tourism Industry, Toronto is a biggest City of Canada, and #3 in North America, where the Center of Financial Hub, the Banks, Stock Exchange, Manufacture Hubs of Canada are in Toronto. It is 9.5 millions, 15 times population bigger, 15 times x more homes, richer than Vancouver 630,000 population. We see and proven, a lot Toronto Middle Class became Millionaire or approximately Millionaire. We also see Middle Class Toronto, just 5 years, has increased their Wealth add-on $300,000.

On average, a Middle Class Toronto can afford 3 x Homes.
They are much better position, more Capital Buy Home. Because:

1) Stress Test doesn't apply for people already bought home before 2018 unless they transfer their mortgage to a different lenders or Banks. Start application over again. But some Banks don't care. They get approved easily. Because they already bought Home before 2018. Stress Test apply for people Buy Home after 2018.

2) To Buy Home in Toronto, all you need is a Toronto Middle Class Home Owner co-sign used their Home as collateral. -> Then much better chances pass Stress Test, be approved fast. OK.

** 3) ** Middle Class Home Owner bought Home before 2018,
don't need pass Stress Test to Buy 2nd Home
. They have proved that they own home, can pay million dollars mortgage for more than 10 years. Although most of Households still have debt like credit card.
In Canada, Mortgage is the 1st priority. Can't be late, in order to keep home, even stay hungry, more important than food. Debt is part of life in Industrialized Country like Canada. Debt helps GDP grow, because citizen borrow money, for Spending, Buy more Products & Services, Buy Home, Leverage their potentials like create business, create jobs. Everyone has debt. No big deal. If you miss payment Home Mortgage debt. The bank will take home away. That's why in Canada, a lot people abandoned, gave up dream, dropped, default their Home Ownership after 10 years. But after you own your home for a long time, like more than 10 years, your mortgage payment gradually faster reduced smaller. Your mortgage payment / mo very small, Home 3 bed-rooms much much less than Rent 1-bedroom. And you also Rent out for extra income. So you don't worry much like people Buy Home less than 10 years that their Mortgage cost more than Rent alot. People reason Rent save more than Buy Home are dumb. Remember: ** Every year -> Mortgage keeps reducing to $0.0. Rent keeps increasing to unaffordable. Rent is a biggest debt, took 1/2 income** -> Even a lot smart people, smart Financial Advisors, Business Professors, Bank Analyst still don't understand. They say Home is the big debt. Wrong. Short term, Yes. Long term, No. -> They use Emotional Intelligence by instinct of Human Evolution since thousands years ago, even have Data. But we said Rent is the biggest debt for Generations. -> You have to choose one Home or Rent.

4)
  Middle Class Home Owner Toronto has better position than Foreign Buyer, because they are Canadian, Own Home. Official Gov's Data from Stat Can that less than 7% Foreigners own Home in Toronto, not Landed Immigrants. Of course there are rich Landed Immigrants Buy Home, they are not foreigners. Data shows around 25% Landed Immigrants Buy Home. Landed Immigrants also have hard time Buy Home. Although have money, but they need Job to Buy Home.

5) Canada has 4.8% of Middle Class Home Owner Millionaires 2nd after US 7.1%, more Millionaires than
Japan 2.7%, German 3.2%, Singapore 4%. Most of them live in biggest City Toronto.

A Toronto Middle Class Home Owner said:
- Thank you so much. We just bought Home this month. You help us understand and confident so much to Buy Home, Keep Home more than other sources, more than Financial Advisors, more than Real Estate Agent. You understand Middle Class issues, their challenging. We don't matter whatever ups/ downs. We Buy Home -> Save Rent. -> Have Something. We follow the road of Households Millionaires in Toronto.
Answer:
Welcome on the road to Household Millionaires. People lack of Data, blind. They can't see far. -> Short term benefits vs. Long term benefits. They see only in 5 years. Thank you.

What is Toronto in the world? -> A Global Olympics.

- Toronto 9.6 million population,
Ave Home Price in Toronto $800,000, while New York, 8.5 population, ave Home Price $400,000 from Business Insider. Tokyo population 9.2 millions, Ave Home Price $247,000 (30 million yen) . Home like car, is the best indicator about a person, a place that can afford.  -> Like you go to a town where people drive Mercedes, and another town where people drive Hyundai. As we said,
in any country, most rich, millionaire Middle Class created and live in the biggest City, not in the Capital, same as in Canada. Home Price Toronto is driven by rich Toronto Middle Class. As we said: - Where you live can make a big difference, an investment for life, for generation -> A lot immigrants don't live in Canada for long. They don't understand Canada, Location, Demographics. The advice for Migrants, Immigrants:- Choose the biggest City in a country, and you settle there for Generation if you want your children good future. Because the biggest City is an icon, a drive of Economy for that country. Took hundred of years to build & grow biggest City, never fail. If it fails country fails. If it becomes poor, country becomes poor. If it gets sneezed, a whole country gets flu.
However, not all people live in the big City, or move from Towns, Provinces to live in big City become success, become Scientists, Professors, become Millionaires. In the big City like Toronto, first multi-cultures in the world, where more than 100 Nations, mostly from China, Indian, Japan, Korean, Vietnamese, Philippines, Europeans, Blacks ... Toronto where rich Migrants, poor Migrants, start life Migrants, talented Migrants, cheap labour skills Migrants live, create a lot of competitions, like competitions in Olympics, a good competition between good players. In Local Competition, local Athletics in their own Group, their own Community are Good. But in Global Olympic Competition like Toronto, they have to compete with Global Talents, very different with Local Competition. ->  In a Global Competition is very challenging than live and compete Local same people, same ideas, same language, same culture, like Homogeneous Society, as see in many Asia Countries, where 99% Homogeneous society.

NHK TV, on March, 2019 NHK NewsLine said :- Japan has problems to keep Top Global Talents. More than 50% quit after 6 months, because hardly adapt to Japan's Society. Mr. Mabuchi, President and CEO of Sanei Hytech said: - From now on, they are looking for Global Talents who love Japan Culture, fit in its culture. Which is main reason why Global Talents left. -> They feel not inclusive. But Mr. Mabuchi is also right because he lives in Japan - one culture society. In US, Canada, people all kinds of backgrounds in the world can come here Study, Live, Work. And still be themselves. -> Mr. Mabuchi should out of his well, travel abroad, live and work in foreign countries like Europe, US, Canada, special in Toronto, few years like Global Talents. For sure, he will change his mind, and understand more about Global Talents, wear their shoes.

Wang,
a Developer from China got hired just because he loved Pokémon. Lee Chi from Taiwan got hired, because he loves Japan Castle, according to NHK.
Can you hire the right people, right talent if they just love Pokémon, Castle, Love you? -> Unlikely so. I love Japan Culture, Japan food, NHK. Can Japanese Company hired me? -> Unlikely. Same as. I am a Canadian, graduated from Top Canadian University. I love Canada, live & work in Canada more than 20 years, contributed alot in Taxes as 20 years Middle Class. - Can Canadian Company hired me when need Job? -> Unlikely. I see a lot New Comers, just Came, Get job. They don't need love Canada. They work, send money home. -> Really glad for them. Canadian companies don't hire people just because they love Canada. That's why Toronto like Olympics, where people all the world, with different backgrounds can contribute their best talents.

Toronto Home Price is the best indicator
about Toronto
about Place, People can afford to drive Mercedes, while other places, people can afford drive Hyundai. Toronto increases Canada Middle Class Millionaires By Population in 2nd in the world only after US, near double Japan's Millionaire population. Like Stock, when company grows, stock increases value, keeps higher. When company goes down, stock lost value. Time get out like City Detroit in US, one time a City of Cars symbolized Prosperity US Car Industry. Now, Detroit City of Ghost Town, nobody wants to live there even Free Home.

There are so many big cities in the world, 3 x Generations still poor, poverty. Can't grow any more.
Like Mexico, Brazil, in many development Countries, even many big Cities in US, Canada like Montreal, 1.7 million population (Toronto 9.6 million), 2nd biggest City in Canada, where ave Home Price today around $350,000, 20 years ago, around $225,000$ = Same as Toronto Ave Home Price in 1998 = $216,815, 20 years ago. So if you live Montreal for 2 x Generation, or Buy Home 20 years ago in Montreal, your Time & Money no ROI (Return On Investment), hardly become millionaire dream. Scientists look at few Data, Living Expensive, Income, Have fun, Education, Hospital ... Scientists can forecast 35 years, 25 -> 60 years old, can see your future is already determined -> Doesn't mater you are Scientist, Professor, Doctor... Unless you are children of the Rich & The Privileges. While in Toronto, we have seen just 1/2 Generation, just normal people working hard -> They become Millionaire, keep growing. -> Which best describes Toronto in few words.
- Can Toronto will fail like Detroit in US?
- Very interesting question. Will answer later
- New York Ave Home Price around $400,000, what tell you?
- It tells me that New York, Center Financial, biggest City of US, just like US, the big gap between Rich & Poor so wide. At Downtown New York, Middle Class so rich, millionaires, billionaires. US by Population 7.1% millionaire, billionaire, very high, while Canada 4.8%, Japan 2.7%, Singapore 4%, German 3.2%, Hong Kong 3.3%. But Districts around New York (like Toronto GTA, Greater Toronto Areas) very poor Districts, poor Middle Class.
So poor that the Result of Ave Home Price around $400,000. Unlike Toronto, the gap Rich & Poor between Toronto and GTA small, OK, reflects in its Ave Home Price. Real Estate used Ave Home Price to avoid pick-up few luxury condos w orth millions in Downtown as a Property Price for a whole New York city, which is exaggerate, not right.

- So why Japan, the best culture, civilized society, Japanese people very nice, the best country in Asia still can't keep Global Talents? -> Hard to recruit Talents. But harder to keep them. Most of them quit after 6 months although Good Pay, because hard to adapt to Japan Culture 99%. People love visit, travel Japan, but hardly Live & Work there. Hard to live in Homogenous Society, where 99% are same, only 1% different, hard fit in if not same Japan people. Companies in Toronto open more to diverse, different backgrounds employees in order to attract talents. => Otherwise they will leave to other company. Or Start-up their own company. -> Talents want to work in environment where they have freedom of thoughts and ideas,  innovate, think out of the Box. Company has same people with same ideas, same backgrounds -> The result will lack of ideas, copy ideas, not open different ideas. 40% of S&P 500 Companies, biggest companies in the world, are built by CEOs in different backgrounds.

-> A Scientist Professor said: - Need help. I can modernize your City, your Company like Toronto as Advisor. I live in Toronto long enough, and wear many shoes. What should be changed?
-> People make decision based on "
Boundary Rationality" looking from their well, or thru windows, or Where they come from. If follow my Blog, I am the first to see Toronto Housing is driven by Supply Side, and I proved it. Why Home Sales down but Home Price keeps Up. I am big fan of MacroEconomics, MicroEconomics, specially Behaviour Economics, and Bottom Up Economics. With Background as Data Scientist, I like to use Data to explain things, complex things, problems solving that people can't. I wear many different shoes, unlike rich millionaire Middle Class Scientists, who don't have Life Experience like me.
-> If open your mind, we can change.
See things as Scientist, not Politics.

- What would first thing you would do if you are in Leadership in few words?
-> Increase Minimum wage. Pull people at bottom out of poverty. Then you will see not just Economy, Consumer Spending, but also Poverty improve. Reduce gap between Rich & Poor. Then you will see Business Efficiency, Productivity improve not by cheap labour but by Technology, Manage & Operate efficient. In China, minimum wage increased many times, as result GDP also increased triple. China Consumer Spending account for 70% - 75% GDP.
NOTE
: Currently, Canada, Ontario, Toronto has the highest Minimum Wage in G7, increased 20% from $11.50 in 2017 -> 14.0$. in 2018. So if you want to help people at Bottom, increase Minimum Wage.

- Scientist can forecast your Future by looking at Data in Holistic View, Data Relationship, Such as, Globalization, Local Economy, Word Economy, Where You Live, Big City around the World, G7 Richest Industrialized Countries, GDP / Capital (2nd after US), Minimum Wage (1st in Industrialized Country), Social Class, Population Growth, Immigrants .. Scientists can predict your Future in 35 years: from 25 -> 60 years old, and in at least 2 x Generation. Doesn't matter you are Scientist, Doctor, Professor....
- If you are Migrants, you will choose the best Destination for your Life, for Generation. Europe, Asia, North America, City... Where You Live will change your Life, ROI, Time & Money. For example, Live in Europe in 3 x Generation, you will never be European. -> Not in Canada, Toronto, you can be your own Background, be Yourself, and be Canadian.
 
-> Why Toronto successful with Ave Home A Million Dollars -> Why not happen to other big Cities in Canada, and around the World, even New York biggest and richest City, Down Jones Stock Market, in the World, not just in US?

- You don't see it because You live in your well. Until you jump out your well. That's why Scientists used Data, no mouth, tongue. It takes educated Scientist 25 years to Live Thru, Wear many Shoes, Experience, and See it. -> Then Use Data. -> What has changed in the past 25 years.

- Scientist can forecast your Future.

In 2008 - 2009,
Huge Financial Crisis, Subprime Mortgage,  like Tsunami. Stock Market Crashed. Housing Bubble in Toronto, and in US. People abandoned their Home. -> Then Toronto Housing was recovery fast start in 2010, keep up, up.. higher to in spring 2017, Ave Toronto Home Price of all Properties near 1 million dollars -> Then start Cooling till now 2018. Now Ave Toronto Home Price All Properties  = 840,000$. Still double in only 8 years from 2010, $435,000 -> Feb, 2019, 840,200$. Since dropped from peak 2017, Detached Home lost most, Ave lost $250,000 / Home from 1.5 m -> 1.25m. -> While all other Properties like Semi 1.1 m, Town Home 765,000$, Condos 613,000$ -> See increase or no lost.

=>
Canada's Housing Growth, Strong, Healthy is good for millions (not just Toronto) of Canadian Middle Class own Home, and good for Canada Economy, add on Multi-Trillions dollars into Wealth, Bottom-up Middle Class Canadian, who are working very hard for their home. And Home is their only benefit. This Wealth is filtering into Economy, benefit for every one. Small Businesses used their Home as Business Loan to open Restaurant, Store Small Business -> Create 2/3 jobs. Toronto is biggest City of Canada -> What is Good for Toronto will Good for Canada. Toronto gets sneezed, Canada gets flu.

- Should Stress Test kept to control Price? -> Likely so on Demand Side. But -> Stress Test no effect on Supply Side. Thus Home Price continues slightly higher. As we said Toronto Home Price slightly high driven by Supply Side. -> Stress Test is pushing Rent higher, in Toronto 2019 up 11% alot, Because less people qualify Buy Home. So they Rent. -> Stress Test also makes Detached Home Price down, less demand. -> Stress Test overall drive Home Sales down, but not Home Price slightly up. Home Sales Down less Tax Revenue. Housing is very big Industry. -> Stress Test makes less people qualify Buy Home, a dream. --> Stress Test doesn't know, doesn't count that Rent Income, Family, Relatives Sharing Rent help pay mortgage. -> Stress Test by design, assume, make sure people Buy Home can pay mortgage when Interest up. But actually people abandon home, can't pay mortgage because Lost Job. Of course Interest up affects Mortgage payment, but Home Owners can handle it. This called Behaviour Economics.

See: In Toronto 1100$ / mo get you Rent a toilet: https://www.msn.com/en-ca/news/canada/in-downtown-toronto-dollar1100-a-month-gets-you-a-toilet-a-hot-plate-and-crushing-sadness/ar-BBUybpR?ocid=spartandhp

Behaviour Economics: Study about the effect of Emotional Intelligence, Cognitive Decision, Culture, Society, Psychology of Individuals on irrational making decision economically. 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 in order to response to change in Policy and Market Condition.

-> To understand Behaviour Economics, you have to live, to wear people's different shoes, not just talking with people. It is like I hear a lot people Talk about Toronto. I Talk with people live in Toronto. So I know Toronto. -> Wrong. People can lie, bias, exaggerate, not smart. You have to Live, Experience yourself, Make ends Meet in Toronto few years. Then you can say you know Toronto.

Update: March, 21, 2019.
Some ask:- Is it Home Mortgage is a big debt?

A Scientist Professor said:
- Depend on who you ask. Yes, Home Mortgage is a big debt than Education debt, Car debt. But, depend on what kind of Debt: Good Debt (Education, Mortgage) vs. Bad Debt (Credit Card, Shopping, Car). To me, Mortgage is Good Debt for 25 years. Keep gradually reduced to $0.0. And Make you Have Something, Millionaire. Proven. While RENT is the bad Debt for Generation, keeps increased. Rent made you Nothing, and Debt for Generations not 20 years.

Kevin said: - You have to pay off your mortgage as fast as you can. Because he sees from his millionaire well as millionaire, assume that people can pay off mortgage fast like millionaire. But for normal people take at least 20 years.

If Kevin O'Leary, millionaire Entrepreneur  Venture Capital in Toronto, let's talk.
His advice: https://www.msn.com/en-ca/money/real-estate/kevin-o%E2%80%99leary-this-is-the-no-1-piece-of-advice-about-your-mortgage/vi-BBSn8Pt?ocid=spartanntp

NOTE: Kevin is smart millionaire Scientist Professor, used to be Economic Professor teaching at a high-end Economic School training MBA, CEO. Although disagreement, but all respects.




 


 

 


A story: (updating March, 2019) - A person live in Toronto for 25 years, wear all kinds of shoes, in Toronto Middle Class 20 years ago, said:
- I started life at 18 years old in Toronto from no Money, $0.0, no Degree, Nothing. I have been working in Toronto more than 20 years, long enough Life Experience in Toronto, not many Canadian experienced like me. As a Canadian of different background, I graduated from a famous Canada University. I wear all kinds of shoes: Factory Worker, Poor, self-made Middle Class, Scientist, Professor. I started early my scientist career as a Professor, got paid 50$/ hr 20 years ago, when software developer 11$ / hr -> Got in Toronto Middle Class very early 20 years ago. I never work with some one who had same my background of Nationality. At first shocking me, no sympathy, no same interest, no same ideas, no bros & sis. But then I learn something, friendly competition, basic instinct, always pushing me better from working with the co-workers, managers, different backgrounds, scientists mostly from Europeans, Chinese, Indian, Korean...  From 25 years of working & living in Toronto, wearing all kinds of shoes, from poor to middle class, from Factory Worker to Scientist, Professor,
my advice: - In Toronto first multi-culture society, you have to live, work with all kinds of people, all kinds of backgrounds and nationality  -> For New Comers, in your own country you are something. But in Toronto, you are not something. Back home, you born rich family, never do low end jobs. In Toronto, you get started over again. You may have to do Factory Worker, Restaurant Server, Low End Jobs to make ends meet, or open Small Business like Restaurant, Nails Salon ... I know a Pizza Delivery from Korean, just immigrated to Toronto. He told me that back home he is Middle Class South Korean, rich. A lot of Indian immigrants work in factory, drive Taxi, Uber. A lot Vietnamese open nails Store. In Canada, Canadian is Canadian whatever backgrounds, because first, second Generation, they all also come from other country, make new life in Toronto. Just recently 2019, in a Federal By Election in Parliament, a candidate, who is East Asian Canadian Descent, said to another Candidate, who is South Asian Canadian, from another Party that "- He is Indian Origin". This sparked racism, favouritism in media. This Candidate told people don't vote for him, but vote for her, because he is not one of us. Right away, she is replaced, not allow to run. Because people said she was exclusive a Canadian based on their background, from a competition, a job, an opportunity. But in 99% Homogenous Society, you feel not the same. NOTE: In Canada, East Asian and South Asian make up 70% of all Ethnic Groups. East Asia 40%, South Asia 30%.

For Businesses:- If you want employees more competition, more innovative, more ideas not same ideas, business growth like Toronto, then:
1) Diversified your work force 2) Recruit more Global Talents.
3) Avoid same Group of people same Background, same Ethnic, same Like It or Not.
For example, Why a lot of Indian background working in IT? -> Should inclusive more other Ethnics, other Groups. A Indian descent Developer said that he got job, because he has a lot of connection in his community working IT department.
 

 You don't see anything when you wear only one shoe. You see the world from your small well, or thru window.
Buddha left his kingdom to see the world. He started life, worn all kinds of shoes, lived with all kinds of common people. Then he realized that life is full of hardship, suffering, difficulty, no peace. Baby when just born starts crying not smiling. The only happiness is to escape life, in temple where you find peace, where there is no Home, no Money, no Desire, no Temptation, no Material Life, no Human's Evil. As educated man, he learned something from his life experience that other common people can't understand. -> Then Buddhism was born. The main Philosophy of Buddhism is that:-
Life is a Circle of Birth -> Then Death -> Then Rebirth (After Life. Life not end everything with Death). Your life today is the result of what you have done in the past, your past life. What you do today will be the result of your next re-birth, next life. If today you do bad things your next re-birth will be hardship, bad, suffering. Or you go to hell, never Re-Birth. For example, today you are Millionaire, Billionaire, Boss, high Position in society. When you died, you died like everyone, common people. You can't bring all Money, Power into grave. But you carry your sin into grave, for next life, next hundreds of years. Unless your next life will do good things. Not easy forgive. If you do bad things, you will re-birth, your next life will live in suffering, a slave for others, not Rich, not Millionaire, not high Position, not Boss. ->  Rich, high position people do charity because they believe in rebirth, return, in "Do Good Things, Good Things will Go around, Come around". Scientist call this the Law of Return, proven. Buddhism is very popular in Asia countries like Thailand, Japan, Vietnam, South Korean, China, Singapore. Steve Job followed Buddhism. In modern age, Buddhism doesn't mean you should not work hard, not climb mountain, not want rich, not want high social class, no need high position, no need Home, no need Money, no Dream. But be self satisfy, be poor, very wrong. -> If so, then Japanese will not Japan today. Other modern Buddhism believe that Generations Poor, because your previous Generation didn't not do Good things. Your Life today is hardship, poor, bottom, suffering, because your previous Life you have done Not enough Good Things. Thus, you must work harder become Rich -> So that your next Generation is happy, born rich. Thus Rich, Prosperity keeps on Generation, because you or previous Generation had done a lot Good Things come around, go around. That's is influenced in Asian Society. -> Buddhism encourage people work hard, be Rich, be Prosperity. Do Good Things. Which will result in next Generation. -> That's why most people come to temple, pray for just that. Today Digital Industrial 4.0, the Monks in temple are doing business, generate money for survival. The main Philosophy of Buddhism Teaching: Do Good Things. Good Things Come around, Go around, to hundreds of years, next Life. And in opposite Do Bad Things. Because Death doesn't mean end every thing. But Death is a beginning of next Life.

Today, as Scientist, Professor, Middle Class Toronto for 20 years climb mountain, if I can make it in Toronto from Nothing, no Privileges -> Then so do you. I believe in the Law of Return = Do Good Things. Good Things come around, go around. Like in your own country, millions people from towns, provinces move to live in big City for a dream. Not easy life in big City. Hard life in big City. Easy said than done.
-> In any country, regardless your backgrounds, your social classes, rich, poor, you work hard, climb mountain, contribute to society, good citizen. Starting from nothing, no money, no privilege, you become Scientist, Engineer, whatever, become Millionaire. Whatever country they will welcome citizens like you. 
 


A Scientist and Professor said: - Stress Test is a tool from the Bank to make sure Home Buyer can afford Home, pay mortgage when interest up. Stress Test drives Home Sales low because harder Buy Home from Demand Side perspective. -> Home Price under control, will not jump too much. However, from Supply side perspective -> Home Supply very tight, less Home Builder, less people sell their Home -> Home Price still and will be higher, but not so high, so hot like before. In 2017, Home Price jumped 33% driven by both Demand & Supply. This is too much. In 2019, Home Price is driven by Supply Side only. Home Sales still low Demand, less Buyers satisfy by Stress Test. But Home Price instead 33% jump, Home Price will jump around 4% -> 7%. Given ave Home Price $800,000, this translates returns each year Ave = $50,000. -> Thus in next 5 years, Home could return $250,000. As you see, in last 5 years from 2013 -> 2018, Home return $310,000.  => Thus, today you spend 160,000$ Buy Home. Ave Home in Toronto = $800,000 -> In next 5 years, you not only Get back all money, but also see a return profit = $100,000. If you are afraid, sit & wait Home price Down -> You will loss chance Buy Home. Now is Good Time when Interest Rate still low and not rising. Don't sit & wait & sorry. -> Now we understand, not just Demand pushing Home Price higher, but also tight Supply also pushing Home Price higher in moderate way.

Data Intelligence tells us that Consumer Spending in Trillions of dollars, is the main driver, creates of 65% GDP and Economy, create 2/3 jobs, more than Government Spending + Business Spending & Investment + Net ( Export - Import) combined. Even the big Energy Sector Oils & Gas Canada contributes around 165 Billions dollars, under 10% of GDP. The Middle Class is the main driven force, main Actor of Consumer Spending. Home Value has added multi trillions of dollars more to Middle Class (= Across Canada, Millions of Home x Hundreds of Thousands dollars add on value to each Home.). This multi-trillions dollars Home Wealth spreads thru the Economy, hundreds times more than Tax Cut, and more, contributes to all kinds of Taxes, Property Tax, Income Tax, Sales Tax, Home Tax, other Taxes, creates jobs, spreads thru Community, thru next Generation. Home Value creates millionaire approximately 5% population, only 2nd after US = 7.1% population, in Japan = 2.7%. Just 5 years ago in 2013, Millionaire population in Canada around 3%. After 5 years in 2018, Millionaire population increases to 5%.

Buy Home less than 12 years, after 2016 still Bank's Home, because ownership less than 50% -> Buy Home doesn't mean Own Home, different with Own Home.
- Every one with small deposit can Buy Home easily. Buy Home only just get started at the bottom mountain. All is about Home Ownership.
How long Buy Home?
- Own Home take at least 20 years, work hard, climb to Top mountain very difficult.
-> In US & Canada (before Jan, 2018) you can Buy Home 10% Deposit. Ave Home $800,000, can Buy Home $80,000 Deposit. Take a long time on Top. Pay alot Interest, very high mortgage payment / mo, high debt, very risky -> Better not Buy Home with small Deposit, at least 20%.
 


About Stress Test: - Started in Jan, 2018, Stress Test increases 2% higher current Interest, around 20% of higher requirement for higher Income and loan to borrow. For example: If your Salary 50K, you may need 20% higher 50K Salary = 60K. Or before you qualify for 1 million dollars Loan, now with Stress Test, you only qualify for $800,000 Loan. The Goal of Stress Test: It makes sure you can afford to pay Home Mortgage & Bills, when Interest goes Up. But others complain that Low Income people hardly Buy Home like before. Stress Test also makes it harder for people Buy Home as Speculators, who Buy Home with Small Deposit longer Own Home & Buy & Sell make profit, not Buy A Home to Live. For Home Speculators, who are lucky Buy Home before Jan, 2018, a lot of profit. Now Game is over for new Home Speculators stated in Jan, 2018.
Stress Test
= No Easy Buy Home like before.
Only affect people Buy Home after Jan, 2018. People Buy Home before 2018, no affect by Stress Test. So Stress Test make sure
when Home Price Up, people  make profit. Everything is OK. But when Price goes down OR when Interest goes Up -> People Speculators low small Deposit, and People who used to be less qualify for mortgage, will be the first vulnerable on the frontier to abandon their Home -> Thus cause Home Bubble, could crash Home Market like 2008 Financial Crisis. However, Stress Test reduce a lot Home Buyers -> Drive less Demand. Home Sales down. But since very tight in Home Supply -> Home Price is steady, or a small decrease, or moderate increase. Don't expect a big drop in Home Price because of Stress Test. The Bank is Investor, share Home Ownership with you. They need to protect their Losses as well.

 
 

2) The Average Home Price of Semi-detach & Detached Home in Toronto for a whole Calendar Year 2018, Sum & Ave all monthly ups/ downs, both over 1 millions. The $787,300 is the Ave for all Types of Property.

- Average Home Price for a whole Year 2018, annually in Toronto=
$835,422, in 2017 Ave Price = $ 834,205. - In GTA Ave Price 2018 = $757,086, in 2017 Ave = $815,386.
- Average Home Price in 2016 annually =
$729,000. - Ave Home Price in 2015 = $622,000. - Ave Home Price in 2014 = $567,000. Aver Home Price in 2013 = $523,000.
- Although there is monthly ups/ downs, not important, because Home not Stock watch every day. But over all, Ave Home Price in Toronto seems increase $80,000 year after year from 2015 to 2018. Thus if you Buy Home in Toronto from 2013 -> 2018, you are guaranteed No lose year after year. In 5 years, your return profit = $312,500.

3) Like Stock, Home Price always ups, downs every month. During winter months, cold, snow, less people line up Buy Home, less hot than Spring -> Summer months. Thus Home Sales, Home Price a little bit down is common. =>
Take advantage winter to Buy Home when Home is slow both Home Sales and Home Price.

4) New listings receded noticeably in 2018. In many neighbourhoods, despite fewer sales, some buyers still struggled to find a home meeting their needs.
Less people sell their Homes -> Very tight in Supply. Home Buyers have hard time to find home, while Rent increase. Which helps Home Price steady even Home Sales down.

5)
Rent Affordable in 2019 with 11% increase. - Rent Affordable affects the average marginalized people most. While House Affordable affects the middle income, who can afford Buy Home in Toronto, pass Stress Test, want Home Price goes down. -> In Toronto Rent will increase 11% significantly in 2019 by Supply / Demand. Which means more people less Qualify for Home, they have no choice but RENT. -> Push Rent higher. -> Thus more people will Buy Home because no reason to RENT when RENT seems as high as Home. -> Push Home Price higher.

6) No raising Interest, stay at same 1.75% may be for a while. - On Jan 9, 2019, BoC (Bank of Canada) announced not raising Interest Rate for a while, because Global Economy uncertainty. Canada Economy slower pace than expected in 2019. GDP projected only 1.7% instead of 2.1%.
Next BoC announces in March, 2019. Right now Interest Rate still low at 1.75% compared to in 90s 3x time higher. Good time to Buy Home.
NOTE
: Canada Interest Rate depends on factors like: 1) Oil Market & Oil Price 2) Global Trade. Economy 3) Housing Market.
=> During high interest rate 1990 -> 1999, 3, 4 x times higher compared now 1.75%, Toronto Home Price did not go down, but ups/ downs small %, +/- 5%, or flat. Which means historically, even Interest Rate goes up to 5%, Home Price will not drop, but Up/ Down small %, less than 5%, or Flat.

Forecast 2019: Canada Economy will grow at slower pace than 2018. Could be recession in late 2019 into 2020, because the Cycle of Booming Economy  from 10 years -> 12 years may come to end
-> Stock Market big correction. -> After 5 raises from mid-2017 to end of 2018, Interest Rate will not higher, remain flat: 1.75% for a while, until end of 2019. -> Thus, will not affect Home Price a lot. -> Thus good time Buy Home. Don't wait, expect Home Price lower.
Historically, Data said
: High Interest Rate didn't make Home Price down significantly, but made Home Price Ups/ Downs small %, or Flat. Usually, Interest Rate will not rise if the Economy slow in order to stimulus Economy, and
Consumer Spending.

Consumer Spending: In trillions of dollars -> Which contributes 65% of GDP (Not Export then minus -Import, not Government Spending, not Business Spending & Investment). Because millions of people every day ** spend money **,  go shopping, pay mortgage, pay bills, eat at restaurants, buy Products & Services from small businesses ... -> Which helps create jobs, specially from small businesses create most jobs.
Since 2/3 of Economy, 2/3 of Job Creation, 2/3 of GDP created by Consumer Spending in trillions of dollars, more than Government Spending, Business Spending combined. The Middle Class is the leading force, main Actor in Consumer Spending.
=> Click and See:
Measure Middle Class & Working Class in US & Canada with Europe, Japan and the World
-> To measure the Wealth of a Country, you measure the Middle Class, not the Millionaire, Billionaire. To measure the people at bottom of a country, you measure the working class, the minimum wage.

-> We will continue update Data, and other Important News. See just Update below this Blog:
Why Not Good Ideas Buy Multi Homes.

NOTE: On Average, Canada receives 300,000 Immigrants ever year. In 2018, 177,500 are Rich, Economic Immigrants of 300,000, or 60% are Rich, Economic Immigrants every year. This number continues increasing to 200,000 Rich, Economic Immigrants in 2020. There are around 100,000 immigrants or 33% - 40% come to live in Toronto every year. Canada has lowest population 36.9 millions in G7 Industrialized countries, like UK 66 millions, Japan 127 millions, German 82.2 millions, US 327 millions, France 65 millions... Thus ave immigrants 300,000 / year still not much, will take 10 years to increase Canada Population to 40 millions, still very low. => Thus less Consumer Spending, since Consumer Spending contributed 65% GDP of most Industrialized Countries -> Less Products & Services produced, more Seniors retired. As a result, less Comparative.

Ave Home Price 5 biggest Cities Canada in Dec, 2018: - Montreal, 2rd biggest City Canada after Toronto & GTA, 1.75 millions population, Ave Home Price = $350,000, Vancouver, 603,000 population, ave Home Price = $1,046,000, Town home = $837,600, Condos = $687,000
( Recently Price drop, reduce gap between Toronto & Vancouver. ), Calgary, 1.26 millions population, Oil Producers = $422,000, Ottawa, 884,000 population, Capital = $413,500, Kitchener- Waterloo, 234,000 population, Hi-tech, Start-up, Head Office of Black Berry, Nortel, Ave Home = $429,000.
NOTE: Some people said Smart Phone first came from, invented by Research In Motion (RIM) in Kitchener-Waterloo. Now is Black Berry. Just only 10 years ago, 2008, RIM smart phone Black Berry had 90% of market, millions of customers, valued more than 100 Billions in 2008 before Financial Crisis crash. First Black Berry device came out in 1999. First Black Berry smartphone came out in 2002. First iPhone came out June, 29, 2007. First Samsung smartphone came out June, 2010. Just only 10 years ago, Black Berry is the #1 Smart Phone Maker. No iPhone, no Samsung Smart Phone. Today, BlackBerry specialized in making Enterprise Software.

Toronto & GTA biggest City in Canada, and 2nd after New York City. Like any countries in the world, the Rich Upper Class, the Middle Class live in big City. => Toronto, GTA is where the most rich Upper Class, the House Holds Millionaires, the Middle Class of Canada are living. Toronto and Vancouver has Ave Home Price million dollars. But Toronto including GTA = Bigger 15 times x Vancouver.
The Difference between Toronto and Vancouver. Vancouver, good Tourism, TV, Film Productions, 603,000 population. But Toronto, biggest city of Canada, is the Financial Hub of Canada, Banks, S&P, TSX Stock Exchange, Financial Center, Manufactory Hub of Canada, produce 65% of all Goods of whole Canada, large Population 9.5 millions.

Where you live Make Big Difference. Which means choose a right place to Live, like in big City, will add on 1/2 millions dollars or more. Just follow simple life. No complicated Investment Portfolio.
Case Study,
John choose to live in Toronto, and Tran choose to live in Montreal. Both Started life $0.0, Work very hard. Do same Job. Buy a Home, a Car. Simple Life Style. No other Investment. After 20 years, John lives in Toronto add on his Net worth = $1.030,000, more than 1/2 millions dollars richer than Tran in Montreal, her Net worth = $350,000.
->
Looking at Data, we see even the return is more than 1 millions dollars because Choose A Right Place to Live. In Toronto, 20 years ago, Semi-Detached Home around $260,000, Detached Homes in Toronto around $310,000. Today Semi-Detached 1.1 millions -> 1.2 millions dollars, Detached Home
1.3 millions -> 1.35 millions dollars. While 20 years ago, in Montréal Ave Home = $200,000, today $350,000. All is about Data. In this Case Study, we use data of a male and female for Gender Equality.

=> What we learn is that John
& Tran Making Decision for A Place to Live. Both are same working very hard 20 years, but Return On Investment different 1/2 millions dollars. Tran
said:- Move out of Toronto, noisy. Don't Like It. -> Tran is Making Decision based on Irrational Emotion. John based on Choices. As a result, Game Payoffs big difference = 1/2 millions. A big loss Time & Money for Tran. Time = 20 years working hard. Money = 1/2 millions dollars loss, because Tran does not Choose Right Place. She could maybe deserve: 1/2 millions -> Even 1 millions dollars.
U
sing Data, Scientist proves that Making Decision for a Place to Live
is very important. John chose to Live in Toronto -> Work hard, save money -> Buy a Home to Live. John said: - Live simple life. Save money for a Home. No Gamble, no Smoke, no Drink, no expensive Car, no expensive Travel (most spending). People miss opportunity to Have a Home, because their spending. For Investor, buy a cheap Property at a Place that is no good return Time & Money, is not worth waiting for.


- Is it true that 65K Buy Home 20 years ago, today has return more than 1 millions?
- Why financial advisors said differently?
-> Yes. See Data. But unlike Stock buy, then sit & wait. Buy Home you must work hard to pay mortgage, property tax, and other Home Expensive for 25 years. Buy Home is first step challenge. The first 10 years after Buy Home, called "Testing Period",  is very important.
->Should I wait for Home down more? - No body can time the Market of Stock or Home. Bill Gates, Warren Buffett said so. Right now, Toronto Home Average still at very low since its peak in 2017. 20 years ago when Interest above 6.5%, a lot people waited for it dropped to buy home. They missed Home Ownership, still waiting. Buy Home, Live, and Wait. Not Wait, Rent, and Buy Home.

Why Home Price goes Up in long term? List few main factors.
1) Income, GDP / Capital, Basic Minimum Wage = Need money can afford Home. Why Minimum Wage? Because it allows a worker to pay higher Rent -> Home Price up. Minimum wage in Canada, Toronto $14.0 / hr, in 2017 = $11.50

2) Immigration, Population grow. Supply / Demand. A Demand for Place to Live, Demand for Rent pushing higher Home price. Canada receives 300,000 immigrants each year. 60% are Economic Immigrants. 40% for Family Unification, Refugee, Humanitarian ..

3) By Inflation Adjusting. Price goes up. - Today, by Inflation adjusting 2.5x times 20 years ago. Today mini wage 20 years ago 6.5$ -> 14$ / hr, big Mac 3.0$ -> $7.0, 1 bed-room: 650$ -> 1350$. => That's why Home Price goes up naturally just By Inflation Adjusting. Can't stop Inflation only minimize it.

Look at Data of Ave Home Price Toronto in past 20 years.
- In 1998, ave Home Price =
$216,815 -> In 2008, ave Home Price = $380,000 = 1.75 x times increase 1998 -> 2008. Ave Home Price in 2018 = $750,000 in 10 years 2008 -> 2018 up = 1.97 x times => Thus Ave Home Price in Toronto increase = 1.75x in 10 years -> Forecast: 2018 to next 10 years = $750,000 x 1.75 x =  Ave Home Price in Toronto = 1.3 millions dollars. Use lower end Data.
- In 20 years 1988 -> 2018, there are 2 x big recessions, 2 x big Stock Market crashed in 2000 .Dot Com bubble, and 2008 Financial Crisis. NOTE: From 1998 -> 2008, 2 big Stock Market crashed, 2 big recessions happened within in 10 years, but Ave Home Price still gains 1.7x times. If a lot people scare you recession, home will go down ... Look at Data in past 20 years. No affect Toronto Home Price still rising 20 years. Currently, Ave Home Price is low and affordable, down a lot since its peak 2017.
=> That's why Home Price goes up just By Inflation Adjusting.

How big is 65K 20 years ago? - Today, by Inflation adjusting 2.2x times. Today mini wage 6.5$ -> 14$ / hr or 26,800$ / year, Software Engineer, Engineer: 12$ -> 24$ / hr = 46,000$ / year, big Mac 3.0$ -> $ 7.0, 1 bed-room: 650$ -> 1350$, thus $65000 20 years ago, today = $145,000.

NOTE:  If you work for big corporation, it will gradually increase entry salary. Most immigrants first came to Canada, started life $0.0 will work in factory. There are PhD from other countries drive taxi. Today is improving, because more Skill Immigrants come Canada. For example, a lot Software Developers, IT Managers in senior high position, IT Professionals from India working in Canada.

-> Use Data, scientist show people they can't explain using mouth, tongue.
 

Why 70% millennial think it's to buy a home first priority and Plan ahead for Retirement ?
- Because young people are smart and Data Intelligence. They plan their future ahead Buy Home. They want Home, Have Something, maybe Become a Millionaire. Even you have job good salary, after pay Taxes like Income Tax, all kinds of Living Expensive, Rent, you don't have much left. Thus in next 20 years, you still have nothing. Home or some kind of Property helps your Net worth grow into Something.
HOW? - After graduated University, Started Life around 28 years old -> Take 10 - 12 years Saving for Home Deposit at least $100,000. Thus they 28 + 12 = 40 years old. -> Then Take 25 years pay off Home. -> Now they are on Top of Mountain. Although some talented millennial will be faster @ 50s on Top of the Mountain.
- Some young people said: - Enjoy life. Travel the world first. Later when in mid 30s, Plan for Something Buy Home. -> It is too late. You are 10 years behind.
 

https://www.cnbc.com/2018/12/05/millennials-prioritize-buying-a-home-over-marriage-or-kids.html

I agreed with Kevin O'Leary that we should focus to pay off mortgage. But disagree with him is that he said: 1) Mortgage is the bad debt, don't get it. 2) You don't Save Money because Have Home and Have Mortgage. 3) And if have mortgage, pay off your mortgage as fast as you can.
I think differently,
1) Mortgage is the good debt. Use other's cheap money to make rich yourself. You will not have this opportunity cheap money again for many years. People in 90s waiting for more than 10 years for 1.75%. Get it soon as you can if afford.
2) Home is your Saving Money Peggy bank. When you start Paying Mortgage means you start Saving money for Something.
When having Home you Save money. You less Spend By Desire. All extra money put in Mortgage first. Thus less Travel, less Shopping, less Drinking, Smoking. Small things add on a lot money. For example, When Have Home & Mortgage, a Travel temptation -> But then must Pay for Mortgage first priority. More responsible. But, Live by Rent. Don't care. No Home's worry. Let's Go Travel by Desire.
3) And you can't pay off your mortgage as fast as you can. And should Not pay off mortgage ASAP. It takes 20 years unless you are rich. Also, Mortgage Loan is small Interest 4% -> 5% compared to Credit Card Rate 15% -> 21%. Or other Loan if you have to borrow in future, such as, Open Small Business.
4) Just think Mortgage is replace Rent.
No choice. You must choose one
. -> You choose Pay Rent lost money near 1/2 income for 50 years, for ever, your Children Next Generation. Always keep increasing. - OR - Choose Pay Mortgage for 20 years. ->
Free Rent. Own Home. Become Millionaire -> As you see, Home is your Saving Money and Have Something.

His advice: https://www.msn.com/en-ca/money/real-estate/kevin-o%E2%80%99leary-this-is-the-no-1-piece-of-advice-about-your-mortgage/vi-BBSn8Pt?ocid=spartanntp
-> See Rule (1) -
Why Millennial choose Home first priority?
NOTE: Kevin O'Leary is a Multi - Millionaire Business Executive, TV Personnel Contributor on CBC, BNN, CNBC, a Start-Up Venture Capital Investor, a CEO.



How to help Millennial Buy Home?
1) Millennial, first of all, help yourselves Buy Home first is Saving. Such as, Cut Travel, Shopping, Drinking, Smoking ...

2) Relax Stress Test - Which is number 1 issue make people less qualify for Buy Home.

3) Design a special Mortgage for First Time Home Buyers, specially for Millennial 25 -> 37 age. Cut Taxes like Land Transfer Tax, other Home Buyers Tax ...

4) Good News: recently Minister of Finance promised: New Policy helps Millennial Buy Home. Currently, home ownership has been among the top two issues for millennial. https://www.msn.com/en-ca/money/real-estate/helping-millennials-buy-homes-a-vote-winner/ar-BBSEjwg?li=AAgh0dA&ocid=mailsignout

=> Click and SeeMeasure Middle Class & Working Class in US & Canada with Europe, Japan and the World -> To measure the Wealth of a Country, you measure the Middle Class, not the Millionaire, Billionaire. To measure the people at bottom of a country, you measure the working class, the minimum wage.
 


A scientist said: - I gained more Knowledge, Theory, Research from Teaching. I like to help students. They used my reference, as my Researcher, to get job. After that I left teaching. I was working as Computer Scientist, Software Developer to gain more hands-on experience. And I love to Design & Build software. -> But still on/off Teaching Part-Time. There is a college far from Toronto, I traveled back & forth 2 hour each trip using 2 different transfer Buses. Some classes, I get up early 6am still very dark in the morning in order to be in class room at 8am. I teach PT at a College in Toronto area.

- After graduated from a Canadian University
, if early started career as Computer Scientist. As a Canadian, a Middle Class in Toronto, I have been working around 25 years, started working early age 18 with $0.0 money, no Degree in Toronto. I like talking about Home because Home is something after working hard all your life. People lack of knowledge about Home. Even the best Financial Advisor, Business Processor, Bank Financial Annalist still think Buy Home is no good option. In Canada more than 50% own Home.

Recently, I got emails from many people thank me for advice when they bought their first home.
One first time Home Buyer said: - I wanted to buy first home but so scary when reading online News, TV. Then my friend sent me this Blog for Research before making the biggest decision of my life: Buy Home. It helps me know more about Home. I were so confident and bough my first Home.
A Toronto Middle Class Home Owner said: - We are working 9-5 very hard for Home. Home is very important for us: All or Nothing. I don't know much about Home. Reading online News, I am wanted to sell Home. But you use Data, no biases, help us not sell Home. Thank you very much.
But I also receive complaining email from a person. He said: - You speak for millionaire Middle Class Home Owners in Toronto. We are working people, want to Buy Home, wish Home Price goes down, but not. While you maintain Home Price OK, by inflation, not high.
I would like to reply this person
: -> I started life at 18, no degree, no money $0.0, alone, no parent support, very poor in Toronto at the very bottom. So I understand working class. I speak for myself and want to help people make biggest decision of their life Buy Home, including you and one first time Home Buyer mentioned above. Sorry you can't Buy Home. It is the Market, Supply/ Demand influenced Home Price. Inflation is also main factor contributed to high Home Price.. It is Stress Test makes challenging for working people Buy Home.

NOTE:
As Data & Computer Scientist, we use data, facts, reality. I read a lot Blogs, Articles, they write don't use Data. Thus bias, based on assumption. Most articles have negative view about Toronto Housing. Data is worth thousands words.

- If Deposit less than 20%, it would take longer and pay more interest
. For example, Buy Home in 1999, 20% Deposit, in 2019, Your Home Ownership 80% -> 90%. But 10% Deposit, Buy Home in 1999, today 2019 approximately 45% -> 55% Ownership. Because you pay for a lot Interest Payment. That's why, Today, started 2018, new Housing Policy required Deposit at least 20%. Housing Crisis in 2008 because people can Buy Home with small Deposit 5%. People abandon their Home when Home Price dropped.. The more Deposit at least 20%, the less monthly Mortgage Payment / mo (example: 10% = 3000$ / mo -> 20% = 1800$ / mo), the least Interest Payment, less likely abandon their Home, and faster Own Home. Before 2018, most people Buy Home, Deposit less than 20%. It is like borrow 20,000$ loan on Credit Card. You pay 250$ / mo, but 200$ for Interest Payment, only 50$ for Principal Loan =  $20,000 - $50 = $19,500. How long Buy Home & Keep Home + Deposit most important. Live in 1 million dollars Home but Ownership less than 50% is Bank's Home.
=> If you Buy Home before 2006, and Deposit at least 20% = Your Home Ownership more than 50% = You Own Home. Else still Bank's Home. Have Deposit and Buy Home is 1st Challenge. Keep Home for 20 years is another Challenge.
People lost Home because
: 1) Lost Job. Most common. 2) High Interest goes up.
 
 Why? - Because today, high Home Price, most people Buy Home are Middle Class Couple, need 2 x Middle Class Income Buy Home and Pay Mortgage. Thus if one lose Income, the other one hardly afford to pay mortgage. They use credit card.

Today high Toronto Home Price. Who are most Home Buyers today?
-> Middle Class Couple, each with $60,000 income, a combined $120,000 Income. But a combined 100K, each 50K still OK. Before need only 1 income.

See:
Salary needed to buy Home in 20 major US Cities. Click here.

- Buy A million dollars Home, Deposit 20% = $200,000, Loan = $800,000. Interest = %3.65 (2018) - Amortization = 25 years Own Home. Mortgage = 4285$ / mo
- Rent out 2nd Floor = $1500 / mo. => Mortgage Payment = 4285 - 1500 = $2785 / mo =>
First 60K Salary OK Pay for Mortgage + Property Tax + Utility. Even each 50k OK = 2950$ / mo after Income Tax. Thus, Home Affordable for Middle Class Couple.
 

- A middle class couple pay Mortgage, Bills, Property Tax. First 10 years will be the most challenging. (04/1/2019)
- The Responsibility, the Hardship, the Debt of Home Owners, always worry Lose their Home since the 1st day they climb the mountain. Have A Home to Live. No easy Home for them. A lot people started Life from 0.0$ -> Home Ownership.

Today high Home Price
, most Home Buyers are from Middle Class Couple, combined salary at least $120,000, or $60,000 each, can afford Home. 60K after Income Tax = 3500$ / mo, enough for mortgage payment, but not include Property Tax, Utility. - The other salary take cares of 2 x Cars, Car Insurance, Glossary, iPhone, Internet, Eat-out, Vacation ...

More 70% millennial think it's to buy
a home first priority -> Then to get married or have kids.

A new trend according to Bank of America: - Does it means the Millennial use Data Intelligence more than Emotional Intelligence in hi-tech modern time ? A new trend? - They want to Buy Home, Have Something, maybe Become a Millionaire ?

1) Today, the Millennial are Mature, Responsible, Smarter.

2) The Millennial want Get In Middle Class Home Ownership = mean Success.
- Which means Home is Something, more realistic.

3) Their Partner specially the female wants Home, expecting
Men Buy Home first.

- According to a 2018 report by the National Institute on Retirement Security.
1) Currently, about two-thirds 2/3 of millennial have nothing at all Saving.
2) Millennial who do have savings hold average balance of
$19,100.

Need more Saving. Such as, Cut Travel (most spending), expensive Car, Stay low Rent, no Smoking, Drinking.

Why Millennial choose Home first priority? Because:

1) Home is Peggy bank saving money else you spend by desire. Most important people don't understand. Mortgage is Good Debt like Education. Because either you choose pay Mortgage 20 years, Free Rent. Own Home. Become Millionaire. OR choose Pay Rent lost money near 1/2 income (always keep increasing) for 50 years, for ever and next generation.

2) Having Home will make you more responsible, mature, work harder. -> What ever people can say. But can afford Home = Mean a success.

3) Home protects your access, net worth from Inflation. Your access, Car, TV, Cloths, Cash in the bank, in the long term, will lost value because of Inflation. Home increase values in long term.

4) Home Values grow and increase in a long time. Not car. Because Home is a necessity, like food, rent. People can't live without a shelter either Home or Rent.

5) A Home to Live is the best Return. People spend more than 1/2 salary on Rent than anything.

6
) Your whatever Salary, even good salary of Professor, help you pay Living Expensive. Home helps your Net worth grow, and be Millionaire. A lot people just Have a Home -> Work hard 20 years -> Become Millionaire. => A lot Financial Advisors How to Become Millionaire - But Buy Home & Become Millionaire is the most realistic way and proven by Data.

7
) Home will ensure after many years working hard, climbing to Top Mountain, you Have Something. You are not mountain helper, who helps other climb mountain, work hard, carry heavy load, hardship. But to Top Mountain Have Nothing.

A Millennial said: - A new Trend of the Millennial is Buy Home first priority. What ever you do, make sure plan something. Plan as early as possible when still in millennial (22 - 37). 10 years runs very fast. Thank you for the best realistic advice.

Who is responsible Buy Home in Partnership?
A Millennial said: - My girl friend wants Home and I am responsible Buy Homey. Is it true?

The Man is responsible Buy Home
. Like diamond, Men always buy diamond, not other way around, an expectation. Even she gets her parent's money, or her own money. If the woman has her own money or has capacity to Buy Home, her expectation very high of her partner. While man doesn't care about high expectation of his partner. No woman Buy Home for man. But, Man Buy Home for Woman common.-> This is not about money, but about responsibility. Every one can blah blah big thing, cloths, car, restaurant... are small. But Home is big. Get in Middle Class Home Owner Toronto need $200,000.(not just Deposit + other Cost when Buy Home).

-> In Asian Culture, tradition, Parent will transfer wealth to their children. But, the problem is that the next Generation doesn't want to work hard, create more wealth, add-on more values -> Thus generation to generation not richer, wealth doesn't grow, doesn't add-on values -> Create expectation for Next Generation not working hard add on more Wealth. -> As a result, the previous Generation started from Nothing -> Creating Wealth -> Next Generation spend reduced Wealth, rather add-on more values to wealth keep on growing. This is a reminder that work hard add on more values.


Also depends on culture.
Eastern culture like Vietnam, China, Japan, Korean ... expect the Man Buy Home. Because according to their tradition Home is the root of family. Without root without family. The man brings the woman to his Home or his Parent's Home. The woman follows the man to his Home. In Asia country, Home is transferred from the previous Generation to next Generation. Parent, children, all lives in one Home, sharing life expensive.
 

-> Action not Words. 


The reality is: - Love, Horney, Emotional Intelligence happens only 2 -> 3 years. After that, Data Intelligence, Money for Home, Rent, Car, Living Expensive, Food, Children ... happens for the rest of your life. Never peace without money.

 

=> Is it good benefit Have 1 x Home and Pay off mortgage or Sell it, Split resources, Buy 3 x homes?
- We have written in early Blog.
Better benefit just use all resources, money to pay off 1 x Home than split into Buy multi Homes. You have finished
90% on the road to mountain. Only climb 10% more then relax. Which means 1 Home 90% Home Ownership better than have 3 x Homes each 30% Home Ownership start climbing from bottom of mountain at 30% on the long road for another 20 years more. Waste Time & Money pay more Interest. Buy or Invest Multi-Homes good when Low Interest, easy Home Policy, Low Borrowing Cost. Time has changed. Have 3 x Homes when Interest begins goes up is no good.

For example, you bought a Home 20 years ago, few years pay off. You work hard 20 years, climbed 90% mountain, Home ownership 90%. Now your Home worth 1 millions. You sell your home. And buy 3 x million dollars Homes, each a millions dollars Home. Each deposit 30% = $300,000. Or can buy 5 x million dollars Homes, each a million dollars, each Deposit 20% = $200,000. Satisfy min require 20%.

You better Have 1 x Home to Live than Have 3 x Homes. And Pay off mortgage. Which is better than Buy 3 x Homes each million dollars, each only 30% Ownership. -> Because Buy 3 x Homes, you Waste 3x Time longer to own Home, and waste more 3x Money for Interest Payment. More triple 3x Debt, very high risk. Pay more Interest starts going up, Home Price up little 5% - 8% / year. Not hot up 30% like 2017. Time has changed. Home is not easy, free ride like before. You start climbing 70% mountain again. => You getting older, can't climb more.

In general,
Ownership 90% and finish pay off 1 x Home -> Become millionaire. Free Home. Free Rent. No more Pay for Interest only -> Enjoy Live. No worry Rent each month, Interest ups, Home goes down. Better than Have 3 x Home, but only 20%, 30% Ownership. It's Bank's Home, 3 x Debt. If Interest goes up trend, will be big problem, 3 x Property Tax, high risk, work hard longer. Not millionaire, because Home Ownership million dollars Home less than 50% = Bank's Home. Always worry Rent each month, Debt, Interest ups, Home goes down, Market ups/ downs. The longer on the road, less % ownership, the longer you pay more for Interest, not for Home. Not sure when you can own 100% Home Ownership. Could never own Home. A Home to Live is the best Return.

A scientist said
: "- Analyze Data, we see that Keep 1 x Home, safe, less debt, less risky, peace of mind, relax, enjoy live, and return more profit $$$ than Split into 3 x Home. A lot people think that.. Live in million dollars Home -> Then they own million dollars Home, and become millionaire. It is not. It depends on Home Ownership %. Need own a Home at least more than 50% or at least 10 years, Buy Home after 2008 is still Bank's Home. A 20 years Middle Class can buy at least 3 x millions dollars Home. Does it mean he/she 3 x Millionaires? "

=>
That's why Computer Scientist used Data, Make Sense things different with people don't use Data, simple minded.

- Climb to the Top of Mountain for Something. A lot of risks, take at least 20 years reach 90% to Top. Relax. Enjoy Life. Become Millionaire.
- If you bought a Home 12 years ago in 2006 with Deposit around 10%, probably, you climb at 45% -> 48% of the long road, near half. -> But Deposit at least 20% you at more than 1/2 of the road and accelerating faster to Top.
- Just bought Home 5 years ago. Congratulation. -> You are at the beginning on the road to the Top Mountain. A lot of risks, can lost Home any time, back to the bottom. -> Buy Home less than 12 years is Bank's Home, because ownership less than 50%
-> Buy Home doesn't mean Own Home. Buy Home very different with Own Home.
- Every one with small deposit can Buy Home easily. Buy Home only just get started at the bottom mountain.
- But Own Home take at least 20 years climb on Top mountain very difficult.
-> In US & in Canada (before Jan, 2018), you can Buy Home with 5% Deposit. Thus Ave Home $800,000, you can Buy Home $40,000. Take a long time on Top. Pay alot Interest.
- Now 3x Homes back start at 20% bottom another 25 years again. => You still climb 80% the long road with Home's Renters. Not one, both responsible, climb to Top Mountain.
-
The losers always Renters, like Mountain Helpers, work hard, heavy load, hard life. Climb 20 years, help others on Top. But Get Nothing.
- Rent keeps increasing every year
. In 2019, Toronto Rent increased 11%, because people hardly satisfy conditions Buy Home. In 90s, Rent 1-bed room around $600. Today Rent increased around 1700$ for 1-bed room.
 

Most Financial Experts, like Suze Orman, David Batch, Kevin O'Leary, advise: "- Pay off your mortgage as soon as possible". In this case, rather pay off your mortgage soon, borrow more debt buy multi homes. Not good ideas. READ: https://www.msn.com/en-ca/money/topstories/pay-off-your-mortgage-asap-experts-say%E2%80%94heres-why/ar-BBRcEBZ?li=AAggNb9&ocid=mailsignout. But some other their advices are not right. Buy Home made a different between Something and Nothing.

I agreed with Kevin O'Leary
that we should focus to pay off mortgage. But disagree with him is that he said Mortgage is the bad debt, don't get it. And if have mortgage, pay off your mortgage as fast as you can. To me, Mortgage is the good debt and your Saving Money Peggy bank. And you can't pay off your mortgage as fast as you can. It takes 20 years. Just think Mortgage is your Rent. No choice. You must choose one. -> You choose Pay Rent near 1/2 income lost money for ever, 50 years, your Children Next Generation. OR Choose Pay Mortgage for 20 years. Rent Free -> Use your brain.
His advice: https://www.msn.com/en-ca/money/real-estate/kevin-o%E2%80%99leary-this-is-the-no-1-piece-of-advice-about-your-mortgage/vi-BBSn8Pt?ocid=spartanntp
See My Rule 1) Why Millennium choose Buy Home is first priority:
1) Home is piggy bank saving money else you spend by desire. Most important people don't understand. Mortgage is Good Debt. Because either you choose pay Mortgage or Pay Rent.

This 3.0 millions dollars Home 4-level-storey tall but small in Toronto, Dec 27, 2018: https://www.msn.com/en-ca/money/homeandproperty/narrow-4-storey-dollar3m-riverdale-house-stalls-on-market/ar-BBRvGeJ?ocid=mailsignout NOTE: In Toronto don't build this kind of multi-level storey Home, small area but tall, like lack of land. Cost a lot Heating Bill in winter. Not efficient
- This kind of 
high raised multi-level 7 storey Home 10 Rooms common in Far East City. Click here. Very common in Far East because a multi storey Home has a whole big family including Parent, children, children's family in 1 Home. Unlike industrialized country when children marry choose move out of home.


Game Theory - All about Making Choices and Decisions

A Scientist Professor said: - In the Movie " Crazy Rich Asians " - Professor Chu, plays Game Theory with Students to demonstrate to Game Theory in class that, involving both Psychology, Human Emotion and Choice. " The key is playing to Win, instead of trying not to Lose ". - Most people Play not to lose. The student played game, " Hate to lose what are values to them ", abandoned " rational thoughts " thus make poor decisions. Prof. Chu is playing a Game either: " Gain or Loss " - One Gain in the Expensive of the Other's Loss. Can't both Gain nor both Loss. Thus what ever values the Opponent Lost (- $10), the other Player Gain those values (+ $10).
In this Game,
Prof. Chu is playing a Strategy in called " Dominating Strategy " that forced the opponent Student played " Play not to lose = Dominated Strategy "

The
Scientist Professor continues: - What Strategy should the Student play? - Student play Optimum Strategy against Prof's Dominating Strategy to Maximize the Gains -> The Student knows could Loss. So the Student Play this Strategy = Minimize the Maximize Losses = Remove the Maximum Losses. => Game reduced to The Equilibrium of Losses & Gains = The Game's Equilibrium, called: Optimum Strategy. are there other Strategies than Optimum Strategy? - Yes a few - Can't explain here.
 
Domination Game. Playing to Win (Dominant Strategy) and Playing not to Lose (Dominated Strategy).
-> 1) Play B ( Row - the dominant, Professor Chu ) choose Play Dominating Strategy, Gain = 3 = the Game Pay Off at Row 2, Col II.
-> 2) Player A (Column - the dominated - the Student) find that Col IV where he gets the most losses. The Play A removed the column IV, called the Dominated Column, the big Losses, in order Minimize the maximize Losses. -> The Game reduced to smaller Game Matrix 3 x 3. = [ 3  1  2 ] [ 2  3  3 ] [5  2  4 ]
-> 3) Then Player B Play Maximize Gains -> Find the Row1 has least profit -> Then eliminated Row 1 [x] . Now = Game 2 x 3 = [ 2  3  3 ] [5  2  4 ]
-> 4) Then Player A Play Minimize Losses -> Find column III = [3 4 ] has most losses -> Then eliminated Column III. Now = Game 2 x 2 =   [ 2  3   ] [5  2   ] = Game Equilibrium. => This Domination Strategy Game, Player A plays Strategy = Optimum Strategy..

The Payoffs Formula = A strategy ai  €  Ai is strictly dominated by ái  Ai   if  ui ( ai , a - i ) < ui ( á, a - i )
a - i   A - i  ( = no matter what the other Players do )

NOTE: Given ui = the Payoff.  Ai = Some Players => Then, the Payoffs Formula = The Payoff of strictly Dominated Strategy ( ai ) is always less than ( < ) the Payoff of Dominant Strategy ( ái )  No matter what the other Players do. Which means that in Domination Game, if you Play Dominant Strategy, the Payoff Games more for you the Dominant Player than the Player play Dominated Strategy. No matter What the other Players do. => Scientist can predict the outcome (the Payoff) of the Game.
Either you Play as Professor or Play as Student, both have a lot of things to learn from. Good for both.

Game 1:- Domination Strategy Game 3 x 4 Choices.
Play B Dominant Play
Dominating Strategy. vs. Play A Dominated Play: Optimum Strategy

Conclusion: In Domination Strategy Game: - Professor Chu Plays Dominating Strategy -> Maximize the Gains. Student best Strategy ( or is forced ) Playing: Optimum Strategy. => The Game Iteration is reduced the Least Losses available on the Matrix Table. => In photo Game 1.

Is there other Strategy for the Domination Game? - Yes. It is called: The MinMax Strategy.

- B Play, Dominating : Maximize [ Minimum Gains ] -> [4, 2, 5] = 5

- A Play, Dominated, plays: Minimize [ Maximum Loss ]-> [9, 5, 6 ] = 5

=> The Equilibrium of Game = 5 .

=> As we see in Domination Game Strategy, the Dominating Player B is forcing the Dominated Player A no other Choice, or only Choice but play: Minimize the Maximum Loss, because A doesn't have " Dominant Strategy ". So Player A plays "Dominated Strategy" eliminate "Dominated Losses" in order to Minimize big Losses.

->" Dominant Strategy "
is the Strategy of the Dominant Player (B) who Plays to Gain (or they think so) regardless whatever the Opponent Player A Plays. To Play "Dominant Strategy", the Play B must know how to Play Dominant Strategy. So the Dominated Player A must figure out "- What is the Dominant Strategy of Player B that they think will Gain, regardless whatever the Player A's Playing? ". -> Yes, there is a methodology.

-
 Dominant Equilibrium: When two Players playing Dominant Strategy, each one has its own Dominant Strategy, the result is Dominant Equilibrium, not always the best Payoffs for both. But not always both Players had Dominant Strategy, or want to Play Dominant Strategy - All depends on Players' money, resources, talents ... For example, in Poker Game, the one has the most money is considered the Dominant Player -> Has Dominant Strategy. Professor Chu has more talent than students.

-> Are there any other Strategy ? -> Yes - But can't explain here. Sorry. -> A 64 K question.

Game Theory is a field of Computer Science, like Web Services, Framework, Data Science, AI ... Recently, it becomes a hot topic of Research by a lot Professors Teaching Computer Science and Research Computer Scientist.
It helps Computer Scientist
find solutions, different with Social Science. Game Theory also helps Computer Scientist Design software by finding " How People's rational & irrational Behaviours when using, reacting, interacting with software, Screen Interface, GUI, UI/ UX, Logics and Algorithms "
- Most Software Developers design software for them not for common people. Computer Languages used to design Game Theory is OOP (Object Oriented Programming) Java, C++.

What Game Theory for?

A Scientist and Professor said:
- Game Theory is NOT Play Chess Game, Toy Game. It used Complex Algorithm to solve Problems. - Not easy to Play kind of Game Theory. Unlike Chess Game, Toy Game anyone can Play. -> You need smart people in Table make big difference. Play Game Theory, Scientist can predict, forecast the Payoffs of the Game, such as, Gains, Losses, Equilibrium, and understand Human Emotion's Behaviour rational and irrational even smart people in Making Decisions. Then applied in Economics, Policy, Stock Market, International Conflict, Competition, Consumerism, Pricing, Problems Solving ... Which is very important.

Game Theory proves that most people Play Gains for their best Interest (both Play B, Play A), thus not always good Making Decision. Hard Compromise. Conflict, war happens.

What Game Theory for? continue

- Knowing Game Theory will help your company, your Team Design Dominant Strategy that will put the other Players in a situation that they have no choice but Play according to your Strategy for your advantage. Make a big difference.

For example,
- Professor Chu has knowledge of Game Theory then applied in Playing to Win, Dominating Strategy. Student has no choice but Play Not to Lose.
For example, in Game 4, Pricing Competition. Player B knows his Dominant Strategy is Low Price - What ever Player A Play. Player B knows Player A has No Dominant Strategy, and A will have no Choice but Play Low Price. Even if A Play Low Price, B still Dominant because B has Lower Low Price, i.e. B's Labour Cost lower than A. => Thus Player B will Play Low Price for its best Payoff what ever Player A Play Low Price or High Price.
 


I used to go to temple. Give some.

Helen Keller :" - Life is either a daring Adventure or Nothing at all."

A Story. A person said: "- I started life alone at young 18 years old, nothing, $0.0 no Money, no Degree in big City Toronto. I worked all kinds of survival jobs. Very tough. Try yourself. -> Then become College Professor and Scientist. -> Get in Middle Class 20 years ago. I have been working around 25 years at very young. As a Canadian, I have contributed alot in Taxes. Without work, hardly survival in Middle Class early days in Toronto. See a lot Data. I have experience Life Ups, Downs, Gains & Losses unpredictable, sometimes from Mother's Nature. It likes: - Play Game Theory of a Person's Life of Gains & Losses that you Making Decisions & Choices. I used to go to temple often. I Give some. Not wish for Maximize Gains. But Minimize less Losses. I feel good. Reduce Greed & Ego. While most people wishing for more Gains, but hardly see Gains. Because they don't know Game Theory.

I am young. Still have a lot of time. Have fun.
According to statistics,
people make alot of money, in Middle Class when they are young, ambitious, energy, on demand from 28 -> 38 years old. So called " The Young the Restless". Time runs fast. Don't waste time to have fun when young. Must Plan early.

Do you have any achievement in your life?
I have a lot Ups, Downs in life. This Story about a person, no Privileges, started life alone from 0, zero, no Money, no Degree, in big City -> And pull itself from survival jobs to become College Professor and Scientist, in Toronto Middle Class 20 years ago. Still work hard make ends meet. What ever Ups, Downs, Gains, Losses, no Problems -> It's Game of Life.

Your advice? -Try your best. Whatever will be will be. There are people walk with you, but no one can walk for you.

 

 

Game 2: The Domination Game 3x 3 Matrix Table for MinMax Strategy. => The Equilibrium Game = 5 is the best Game Payoffs.

- Dominant Strategy

B / A Low Price High Price
Low Price ($250,$110) ($150, $160)
High Price ($170,$130) ($80,$80)

Game 3 - Pricing Competition:
At Low Price, B's Gain = $250, A Gain = $110. So on... However, from Table, we find that: - B has Dominant Strategy is Play Low Price. No guessing. We also find that:- A doesn't have Dominant Strategy.
 
Dominant Strategy: "- What ever Play A plays Low Price or High Price, Player B always Play Low Price better Payoffs for them. So B has Dominant Strategy. A No. "

NOTE: Dominant Strategy is applied in different  Contexts, different Games. Such as, Pricing Competition, Policy, Negotiation, Conflict, Stock Market, Economics, Social Science, Human Behaviour, Making Decision..

For example, even A Play Low Price,
B still Dominant because B has Lower Low Price, i.e. B's Labour Cost, Product Cost lower than A. -> A has no Dominant Strategy either Play High Price or Low Price.
For example, Before, Made in China not popular, no body likes, not favour. Today, Made in China has popular the World because of Low Price. Trade Balance always in favour to China in many countries. A Dominant Strategy. If you can't Compete Product then Compete Price.

->
But Player A don't know if Player B plays Low Price or High Price. Even B's Low Price is Dominant Strategy, would B play it. Or Player B just scares Player A - Like Poker, no ones knows other Player will Play - How do you know Player B has Dominant Strategy, like 4 Aces? For example, look at Game 4, both Play Low Price for its own Interest -> Both Loss = (0,0). Rather both Play High Price = (2,2) small Gain still better than Loss.
-> So, A needs to find out: - What is B's
Dominant Strategy or Not? - Why good for them. If B plays Dominant Strategy, what A should play?- Like We show you.


For Player A no Dominant Strategy.
How do you play?
- Yes, there is Solution, Method.
 


A Scientist said: Use Game Theory on Stock, can prove that: Almost People Play Stock has No Dominant Strategy = Strictly Dominated Strategy. See Math Formula of Payoff.
 

Buy Stock is Dominated Strategy
Because:
-
Not all, but almost People Play Stock, Making Decision irrational, Human Emotion Greed & Fear, React emotions to News.
-> When Stock Up -> They Sell for Gains, or Buy, or Hold for more Gains on paper, because of Greed.
-> When
Stock Down -> They Sell for Losses, because of Fear.
-> When they Hold for 10 - 15 years, a Stock Crash comes like Tsunami, fast & furious -> They run. Sell for Losses everything. Recently Stock just little pumps Cooling Down in few weeks, not a Stock Crash like 2000, 2008, erased all Gains in 2018.
=> That's why: - Don't see people Hold Stock for 20 years like almost people Buy Home. They keep Changing Strategy Buy, Sell, Hold Stocks when Stock Price Ups, Downs.

Buy Home is Dominant Strategy
Because: Regardless Home Up = High Price, Down = Low Price, like Play Low Price, High Price, always the Game's Payoff is A Home to Live = Dominant Strategy.

People Buy Home for a long time at least 20 years. Regardless Home Up, Down, still have A Home to Live. => Live either Pay Rent = Rent keep increasing.
Or Pay Mortgage
= cheaper, until 0.0$ Rent + Home Value increase.



 

A Home to Live = Dominant StrategyRegardless Home Up, Down. Different with Stock.
-> If you Buy Home, just Buy it. Don't Wait for right time = Buy Home & Wait. Don't Wait & Buy Home.
-> In 1998,
A lot people don't Attract Home even so cheap. A lot people waiting Buy Home at that time Interest Rate = 6.5% very high go down. Today, 2019 is 1.75%. By the time Interest down, but then lost the Home run, because Home goes up fast. While other people in 1998-1999 just jumped in Buy. Now most of them millionaires.
This is an example: Learn Big -> Attract to Big = Big.



Game Theory is about: One's Gains. Other's Losses. Play Give back some times. Why? Because use Game Theory, Scientist proved that most people are Making Decision irrational for their own Interest, Gains.

- It's Law of Super Nature -> Give back to get more.

-> Billionaire Warren Buffett, lives frugal life, eat lunch $6 at Mac Donald, live in Home, not Manson, drive used car. Give back Billions, 1/2 his net worth
B (Row) / A (Col) Low Price High Price
Low Price (0,0) (4,-2)
High Price (-2,4) (2,2)

- Game 4: Dominant Equilibrium = (0, 0) because both Players plays for both Self-Interest, ignore the other's Interest.

- In this Game, Company B, and Company A in competition by High Price or Low Price. B & A Low Price Payoffs = (0,0).

- If B Low Price,  Payoffs = (4, -2) Because A High Price. - Similarity, If A Low Price, then Payoffs = (-2, 4) Because B High Price. The Payoffs = (0,0) for both, because both Low Price. Which is Dominant Equilibrium, not always the best Choice = Both Low Price Losses (0,0) rather both High Price (2,2) = small Gain. -> So the Player can handle the big Loss, like Low Price, for a long time, or one less Loss than the other Player, is in better position to put the other Player out of business because Both Low Price.

In this Game 4, both Company A & B want to Gain market shares by Playing Low Price than other = High Price. So Low Price is Dominant Strategy for both own Interest. But because both Low Price -> So both Loss or no Gain (0,0), because Gain at Low Price only when other at High Price. But no Players want High Price -> As a result, both play Low Price =No Gains or even Loss.

A Scientist said
: - Not easy to Play these kinds of Games. You need smart people in Table make big difference. Play Game Theory, Scientist can predict, forecast the Payoffs of the Game, such as, Gains, Losses, minimized Losses, Equilibrium, Human Behaviour rational or irrational in Making Decisions in Economics, Policy, Stock Market, International Conflict, Consumerism, Pricing ... Which is very important.

- In Game 3: Dominant Strategy: In this Game 3, both Company A & B want to Gain market shares by Playing Low Price than other = High Price. But different with Game 4 because Game 3, B has Dominant Strategy but A don't. So, what ever A play Low price or High Price -> B always better play Low Price in this case for better Payoffs. Depend on Data, B's Dominant Strategy could be Play High Price not Low Price.


=> Human is not smarter than Math, Complex Computer Algorithm. 

 


A Scientist: - Design a Game Theory between 2 Players. Each Player is given some money to play the Game. Time = in 20 years using Historical Data.

Player B Strategy: - Pay Mortgage and Buy Home

Player A Strategy: - Pay Rent and Buy Stock.

The Game's Payoff is big Payoff 10 x times for the Play B = Pay Mortgage and Buy Home than Play A = Pay Rent and Buy Stock.

The Scientist said: - Very surprised when you analyse Data & Strategy in the Game, help you solve Problems by Making Decisions by Choices, and avoid Making Decision irrational


 

NOTE: Game Theory has applications in all fields of social science, economics, policy, as well as logic and computer science used to a wide range of behavioural relations and making decisions. A lot big Corporations, Financial, Technology, Policy, HR, Stock Investment, International Conflict, Competition, Banks, hire Scientists using Data Intelligence & Strategy for Making Decisions.
 


Professor Chu, plays Game Theory to demonstrate:
Human Emotions vs. Choices



Game 1:- Domination Strategy Game 3 x 4 Choices.
- Play B Dominant Play
Dominating Strategy. vs. Play A Dominated Play: Optimum Strategy
-----------------------------
 

Game 4: Why both do not Play High Price for both small Gains (2,2) ?
-> Both can't Play High Price, because B's Gains Play Low Price (Interest) is A's Loss Play High Price. And VS. => So A or B has no other Choice but Play Low Price is the best Interest or Dominant Strategy regardless the other Play's doing. Because if you don't Play Low price the other Player will Play Low Price and Gains. Thus You more Losses B= (-2, 4), A = (4,-2). So both Play No Gains or even both Losses, better than the other Player Play Low Price Gains, other Player Lose. => A's Gains are B's Losses. B's Gains are A's Losses = Both Play Low Price for its best Interest (Gains).

-
People don't understand. Why not both Play High Price small Gains. Simple. Right. Thanks very much? - But not easy! No easy Compromise because both Play for its best Interest. Not because Lack of Communication (Human). Even if both A & B agreed Play High Price, but B Play Low Price -> A will have heavy Loss play High Price. A Dilemma. -> That's why War, Conflict happen involving a lot smart people on negotiation Table using Human Communication Skill. But no result. Solve problem need Complex Algorithm.

->
But there is Solution. Can't explain here. Scientists apply Data Intelligence + Game Theory solve a lot complex problems. Can't Solve complex problems without Data.

-> Game Theory is NOT Play Chess Game, Toy Game. It used Complex Algorithm complexity to solve Problems 
 



Millionaire Households Rank in the World. New update. | Data vs. Perception, Exaggeration. After reading this, Continue reading: Click here


Japan: 127 millions, the best in Asia, G7.

- 48.9%
less than $100,000.
- Canada more millionaires 4.5% than Japan 2.7%. If Housing in Toronto not cooling in 2017, Canada = 5.5 %, more double Japan.
- Japan = 4 x Much Less population under Bottom Line less than 10,000$ only 5.3%.

- Japan has more Middle Class 48.4%, better than any G7. Although Less Millionaire 2.7%. Because less diverse population, thus Wealth distributes more equal unlike Canada, US.
- Japan only 2.7% millionaires less than Singapore= 4%, Hong Kong 3.5% population are Millionaire. Lowest millionaire population only 2.7% in G7.
- But also Japan has lowest population in poverty only 5.3% less than 10,000$ in G7, Canada 20.7%, US 28.4%, German 40.6% (re-unification East German) population in poverty.
 
- Data true, reflect most Homogeneous Society, like South Korean.
 

South Korean.


- South Korean has only 2% population under bottom line in poverty. It has 60% population less than $100,000 same US, and 38.5% middle class population. Only 1.8% millionaire.




US: 326 millions - In G7 Industrialized Countries
- Richest country in the World.
- 28,4% Less than $10,000
- 60,0% Less than $100,000,
10% more than most Rich Industrialized Countries
-
US has A Changing Demographics.
- US has 33.6% Middle Class population, 10% less than most Rich Industrialized Countries.
- US has big gap between Rich (the Millionaires, Billionaires) & Poor.
- US has more 2.5% of Millionaires, billionaires than any Industrialized Countries.
 

Just update: NOTE: 90% Wealth, Net worth is Home. No one puts $100,000 cash under bed. Net worth = Home (90%) + Car + Cash + Bank Account + Stock + Anything can sell - Liability (Debt)

- Canada & Graph:
37 millions - Has 48.9% less than $100,000 - More millionaires / population = 4.5%, compared to rich countries in Asia: Singapore 4%, Japan 2.7%, Hong Kong 3.5%, South Korea 1.8%, G7 like German 3.2%, France 3.3%, Italy 3.1%,  after US = 7.1%, UK 4.8%. Before Housing booming in Toronto, in 2013 = 3.7% millionaires, when 2013 Ave Home Price = $523,000. In Nov, 2018, Ave Home Price Toronto = $869,870.

-
Chile considered rich country, highest Wealth in Latin America, 3 x times better than Argentina, Brazil, 18 million population, 36% less than $10,000, 89% less than $100,000.
-
Brazil: 209 millions, 74% less than $10,000, 98% less than $100,000
 
--------------------------------

- 51% Canadian are Middle Class Home Owners. In many Provinces, in Rural areas, small Towns, Home cheaper. For example, Quebec Ave Home around $230,000, Montreal $330,000, 2rd largest City in Canada after Toronto, GTA.
- Rich Canadian Middle Class Home Owners,
House Hold Millionaires live in Toronto, Vancouver. Because Home Price in Toronto, Vancouver more than double the rest of Canada.

- 1/2 million dollars will be on Top 10% population in most Rich Countries and Industrialized Countries like Canada, Japan, UK, German, France, Italy .. -> People see one side of the equation is narrow minded. Net worth = ?

- Why most development countries in Asia, like Thailand has more population less $10,000, less $100,000 ?
-
Could be in their Culture, Life Style, and Salary. Their Family has One Home is transferred from Grand Parent -> Parent -> Children. In Industrialized Countries this could Create extra 5 Homes not 1, because all live independently. Asia's culture, they all live in same Home, less Rent, less Living Expensive, when Salary not good. Share, Inherits same Home. -> Rather Saving for Buy New Home, they Spend all, Travel. Less worry Rent, Mortgage, Food. -> Thus not add-on value.
Unlike Western Industrialized Countries,
Children grow up, live away from Home -> Live independent. Have their own Home, Condos. Thus add-on more values for their own. When their parent get older, or died, then Home is transferred to Children + Children's own Add-on values. -> Next generation richer than previous.
Life Style = More than half
population still live in rural, farming, where they earn few dollars / day.


About Scientist Collect & Analyse Data: All is about Data. No comment. No mouth, tongue. No biases. No perception. Just look at these Data, will tell a lot about Social Policy, Social Classes, Demographics, Rich & Poor, the Middle Class, Working Class, Industrialized Countries, the World, big countries like China, India ...

For example, look at Data between Japan & other rich country, its equally Wealth Distribution much better, because of homogenous population, compared to US has the most diverse population. Re-unification of German East & West shows an increase 40.6% less than $10,000 highest in G7 Industrialized Countries. China reduced poverty alot only 33.4% population over 1billion people in bottom line, compared to India 90% population in bottom line.
Middle Class:
- Japan has more 2% Middle Class than Canada, Canada has more 2% Middle Class population than UK, 13% more than US. US has the most Millionaires & Billionaires in the World. A lot more ... Can't explain here






- Latest in 2019 - Canada 4.5% of Adult Population over 18


After reading this, Continue reading: Click here

Canada: 37 millions, in G7 Industrialized Countries
- Less than $100,000: Canada 48.9%, US 60%, Japan 48.9%, China 93%, UK 50.6%, German 62%, S.Korea 60%, Thailand 99%, India 99.3%, Indonesia 99%, Philippine 99.2%, and 95% World population.
- Less than $10,000: Canada 20.7%, US 28.4%, Japan 5%, German 40.6%, UK 17.5%, Italy 25%, France 22%, China 33.4%, India 90%, Thailand 89%, Philippine 86.6%, Indonesia 85.4%


UK: 66 millions - The best in Europe, better than German, France, Italy. In G7 Industrialized Countries

- 17,5% Less than $10,000
- 50.6% Less than $100,000

- Which country has the most millionaire households / % population in the world? -> US has the most Households Millionaires, the most Millionaires, the most Billionaires in the world = 7% of Population had more than 1 Millions -> Billions, compared to most rich Industrialized Countries had Millionaires:  South Korea = 1.8%, Japan = 2.7%, German = 3.2%, Russian = 0.2%, China = 0.5%, Canada = 4.5%. Richest country in Asia, Hong Kong = 3.5%, Singapore = 4% of Millionaires more than 1 Million.
About China:
Has hundreds of millions Chinese people don't live in big City. As said, most rich People, rich Middle Class live in big City. But by Number not by % Population, China has the most Millionaires and Billionaires rank 2nd after US. China has 7.2 % or around 100 millions Middle Class had Net worth more than $100,000 -> Less than 1 millions dollars. More than 1/2 millions, you could be in Top 5% of Population. In China, Ave Net worth Middle Class ave = $50,000 USD (North America = $200,000), Ave Middle Class Income = $11000 usd / mo. This translates into few hundreds millions of Middle Class in this Category.

NOTE: More than 1/2 millions dollars (1/2 millions -> 2 millions dollars.) But Data said 1/2 millions is enough put you on Top 5% of China Population, Top 1% of India Population, Top 10% of Japan, Canada, UK, German, Italy, French, South Korea Population. All is about Data. No argue.

-> A Scientist said: -That's why scientist used Data. No Perception. ->  
Let Data define value. Get Top 10% not easy. Take 20 years Get to Top 10% in big City. All is about Hardwork. -> Very difficult, like climb on Top mountain, Hard work, Hard ship, Patient.

-> A Person said: - Not easy to Get in Top 10% in big industrialized City, because of Living Expensive. Do grade 5 math  -> After Tax, Car, Insurance, Food, Rent, Phone, Hydro, Water, Job security on/off, Entertainment, Drink, Smoke, Vacation ... Nothing left. Even just try to make ends meet just pay for Living Expensive is tough, no Saving. If I didn't get in Middle Class 20 years ago, today probably, Net worth has less than $100,000 + debt, like 60% of US, 49% of Japan, 48% of UK, 90% China population. Data very true. In big City life always Ups and Downs. You can't avoid debt no matter how rich. Buy Home less than 10 years, after 2008, or, Home Ownership less than 50% is Bank's Home. -> Advice: -> Get In Middle Class, Start Saving early, the better, it helps. I live thru Toronto, I know. Who on Top 10%, no jealousy. Hardwork, Hardship, Deserve it.

-> We look at Data of population Middle Class, Millionaires, Billionaires by Region (Continent), US & Canada, is the richest  in the world: North America -> Western Europe -> South East Asia.

- How many US Adult had Net worth less than 100,000$?
= 60% of US population. Big gap between Rich & Poor. Compared to Canada = 48%, Japan = 49%.
-> Net worth less than $10,000, bottom line. How many % Adult Population in growing Asia Countries, like Thailand, Indonesia, Philippine, India.. Net worth less than $10,000, in poverty, bottom line? - Less than $10,000 = Thailand 90%, Indonesia 85.4%, Philippines 88.5%, Taiwan 22.5%, Japan 5.3%, India 90% -> Data said India hard to feed and improve life of more than 1 Billion people. Industrialized Countries: Italy = 25%, France 22%, Canada 20.7%, China 33.4%. US 28.4% -> Data said China more than 1 billions people has Population in Bottom Line only 5% less than US, German 40.6%, UK 17.5%
-> Net worth less than $100,000. S.Korea has 65%,
Japan = 49%, UK = 51%, German = 63%, China 90%, US 60%, Canada 48%. -> Check link above.

About the Author:
As Scientist, we used Data reflects the reality, not mouth, tongue. Avoid biases. Data said so.
A bit disclose:
-> I am a Canadian citizen like any Canadian citizen of all kinds of backgrounds live in the World most diverse, multi-culture big City Toronto. I started my life alone 18 years old in big Industrialized city Toronto, from
$0.0, no Degree. Then I started early career as a College Professor, became Toronto Middle Class 19 years ago quickly, usually take at least 15 years get in Middle Class. (See my cheque in Blog). Do not judge Scientist for their Research as long as Scientists no biases, use Data, not mouth and tongue. People don't like biases. Narrow minded. Canada is one of the few richest countries in the World. Every works hard and dreams to become Millionaire, Top 5% of Population. So far, I have been working for 20 years, and contributed nearly 1/2 millions in Taxes like other Middle Class working for 20 years. People, foreigners think Canada a lot benefits for citizens. The Reality is that as Middle Class, there are no any benefits available for you, although contribute a lot taxes. Use credit card when in need or sell Home. The only benefit after lost jobs is EI (Employment Insurance) for a while, barely enough to get by, max in a year, but depend on how long you work. To qualify for EI must work at least 5 months full-time, or work total 800 hours. That's why in Middle Class try hard to make ends meet, keep working, pay Bills, pay Debt like everyone.


Office is a beginning of new kind of Pos, new way of doing business in new Digital Economy. Invest in new future. The evolution of Pos since 50 years ago: Dummy Calculator -> PC Pos (millions and millions of dollars investment in PC Pos a waste of money) -> iPad Pos  -> Mobile Pos.

-> People use Office for all Pos tasks, Place Orders in one hand, so easy.
You still run Office on iPad like iPad Pos, Tablet, iPhone, Android, Galaxy Phone, Laptop.

A Restaurant said about Mobile Pos: - Without Office Mobile Pos, we need at least 25 iPad Pos, one / table, not including Staff. Specially weekend, very busy, crowded, all Tables are full. Each table needs 2 iPad, because customers can't wait for other guest finished to place order. Every one mobile takes order same time faster than one waits for other one take order using 1 iPad. Staff take orders, hundreds of orders, then carbon copy paper bill cost 5000$ / year, enter orders in Pos, process payment. Repeat back & forth every days, months, years.
Office Mobile Pos is only choice, cost
$0.0 for iPad. While using iPad Pos cost at least $10,000 just for 25 iPad / Table, not including Licence / iPad. Using Office is like having hundreds of customers as staff take orders, process orders for you every days. Reduce a lot of pressure on staff, labour cost very high. Office Mobile Order also helps business increase revenue up to 45%, better than Drive-thru, less cost, easy implement, easy use.
=> Right now in Japan, China, they already build the first Generation of Robotics for Restaurant replace Server bring food to customers to save labour cost. And here, we still back & forth every day. No wonder less profit, inefficient.
 
3 Steps to setup Product Catalog - If you can setup Product Catalog, you can do & manage Office.

Complex Design is Make It Simple. People, Users don't like complexity. Most Developers don't understand they build product for common Users, not for them.

Fist of all, Login to Create First Product Catalog. 1) Create New Product Group = Japan Soup -> 2) Create New Product = Japan Ramen Noodle Soup, Add Product in a Group Japan Soup. -> 3) Then Staff Take First Order: Add-to-Cart, Pay when Customer in Store.
 
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Login: After register for Office Website
Account. Now Login. 
Laptop Mouse hover photo see bigger. Or Click on Photo

How to Register: Anywhere in the world, Search yourself a Domain or use your current Website. -> Then Send Email us or Submit Form -> Pay by PayPal, no need setup account @ PayPal, Credit Card, e-Interact. -> Login, Setup. Use Office. HELP: www.MyOfficeSite.com/center
- Available at your office website -> Login -> @ Admin Menu -> Get Started.

Office Login used Framework's Web Services for Secure: - This Framework built-in Web Services, Security ... 1) Admin setup Staff, Kat Lee, who is allowed Login Status, and User + PW Login. 2) To Login Authentication with Birthday, Kat Lee sends Web Service POS Request. Type Web Service API = MyOfficeSite.com/2008 -> Office verify her Login Status in system. Then send this Login Page -> Then she Login using her User Name = admin, or any Name, could be PIN = 12345, Password = whatever. User + Pw setup by Admin. Login Web Services Not show Login in public like Online Bank. Even hackers know your User + Pw but don't know your Birthday. Can't Login.
 
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- This Home = Main Menu  after Login
- Staff: Kat Lee is Login @ Location.
- Her Total Sales so far = $1250 on this Shift. - Init Cash in draw = $150.
Kat Lee is a Cashier or a Server. What ever she takes Order will associate with her when Login. -> $1250 could be total she takes order as Server or Cashier on that shift. Data, including Photos of her and Products & Services is stored in OOM (Office Order Management).
NOTE: It stores Photos of Staff & Products.
- Touch [3-Dashes ≡ ] -> Admin Menu. It Scrolls if more icons. ->Touch [Product] -> Product Management. Admin Menu = Settings, Get Started ... Product Menu = Create & Manage Product. - Pickup: 10/6 = Today has 10 Pickup orders, 6 Not Yet Pickup. See in OOM.
Customer View or Public View:
Not see icon [3-dashers] = Admin Menu and icon [Home] of Staff, statistics of Staff. Press [Home] back Home screen.
 
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- Product Management Menu Screen already has 3 Items.

- Setup: Add Product, Del/Edit Product,
- Add-on Price for Item Option, like,
Small size, Large, Medium ..
- Sort: Products by ID, Name, Group by touch arrow icon Up, Down
- Icon Black Add Item Option for that Item
- Icon Edit Product: Load data in Form for Change Price, Photo, Name, Group, like Insert Product Form below.
- Touch icon Home -> Home menu

- Click Laptop: Product Management

- List Staff on Serve & Contact = Touch on this will see a popup all Staff currently Login Office, including their Photo, Date & Time, Phone, Email ...
 
gallery
Touch [3-Dashes] -> List Product Menu

1) Fist Setup Group for a Product
2) Then Create New Product add in Group. -> Select Product Group Management.

- See Laptop big screen. Click, touch, or Mouse hover:  Product Management

- See small size Tablet screen. Click, touch, Mouse hover:  Product Management

- See Tablet big screen. Exact size. Click, touch, or Mouse hover:  Office Checkout Pay

- See Tablet small screen. Exact size. Click, touch, or Mouse hover: Office Checkout Pay
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- Product Group Management Screen

- There are 3 Groups: Soup, Pho,
Nails & Salon, Pho.

=> Touch [3-Dashes ≡ ] -> Slide Group Menu, then select Add Product Group to Create New Group = Japan Soup


->
Icon Edit Product Group

- Fist of all: Create Product Catalog
How: Select [Product] @ Admin Menu
-> First, Create A Product Group, like,
Japan Soup -> Then, Create or Insert Product, like, Japan Ramen Noodle Soup -> Insert in Japan Soup Group. Done!
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- Create Japan Group -> Touch [Choose File] popup Choose an action -> Select Documents browns to phone's Gallery -> Then Upload a Photo for Japan Group from.
- Now had Product Group = Japan Soup

NOTE: Take Photo of Customer, Employee, Product.. from Mobile in Gallery.
Then upload photo in Gallery, or in Download location on your smartphone. Very convenient.
How to Load Photo from Download location on Phone:
- Google Search photo = Japan Ramen -> Touch & Hold on Images tab of Google Search see a lot photos of Raman Soup -> Touch on Photo will see popup Option -> Choose Download image, will put image in Download location on phone.
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- Open Product Management Menu

-> Select Add New Product = Japan Ramen Noodle Soup. = Insert Product.
-> At Group Menu -> Add in Japan Soup, select available Group in Pull-down List
- Favourite:
Display Item @ Main Menu
for easy select, add-to-cart fast.
- Photo:
Load Photo from local Laptop,
Mobile for that Product
-> See photo this Item Japan Ramen Noodle Soup in Product Management.
=> Repeat 1) Create New Group -> 2) Create New Product -> Add in Group
 
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=> Now, Place First Order:

Staff @ Home screen, Add-to-Cart -> Pay


Touch [<=>] open Group Menu has
3 x Groups. Main Menu has 3 x items. Each Group has only 1 Item, for now.

- Customer View or Public View =
See no [3-Dashes] open Admin Menu + See no Pull down Menu Home = List Data.
 
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=> Touch [Pay]  check-out

-
Customer pay $70 -> Staff disc = $2
-> Balance = $64.41. Change = $5.59.
-> Customer gives Tip = 2$
-> Staff gives 2$ Coupon

NOTE: [Pay] Form auto calculate data like Excel

- See Tablet big screen. Click, touch, or Mouse hover:  Office Checkout Pay
 
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=> Now, Check First Order in OOM
Office Order Management
- If Pickup or Delivery Order will see Name of Customer, Address, Phone, Email, Time Pickup or Delivery so that Make Food on time. And Order is Pickup, Deliver or Not. IMPOSSIBLE: Tracking by Human back & forth, can't remember, on small scale. -> Use Office Mobile do large scale Mobile Order & Pickup.

Successfully. Congratulation!
You just Use Office
Setup First Catalog & Take First Order.

As said, Office maybe the first Pos System, Mobile Order, E-commerce that you can setup, do everything on Mobile.


Easy 3 Steps using Office by Staff for Retail Business, Nails & Salon ... Not Restaurant . For Restaurant click here

- When a customer in Retail Store Buy some Product & Services. The Store is not Restaurant, Food, Coffee Store, not Table Manager.

- Laptop Mouse hover around photo see bigger. Tablet, Smartphone touch on photo see bigger.
 

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Step 1 - Screen 1 = Process Customer Info

-> Staff Login: Search Customer by Phone
-> Enter Phone: 123-456-7890 in Search Box -> Touch left [icon Customer]. Not Right [icon Search] for Product -> Exist, see on Top Cart: Helen T 123-456-7890. Screen1.

- When a customer in store Buy some Product & Services. Staff Login -> Search Client's Phone (easiest), or Email (first part User Name of email), or Fname & Lname (type: helen t )-> 1) If Exist Customer then Name + Phone auto load in top Cart see photo. 2) If Not Exist then not see.



Mouse hover or Click: Vend Pos Payment.

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Helen in store buy 2 Bread Sandwich.
Staff type: bread. Search -> Touch: Item Option, Qty, Buy Now to Add-to-Cart -> Pay -> Done!
NOTE: Same as Vend: Buy Stripe Tee.
Type: Stripe Tee in Search box -> Touch on this item for [Item Option] select Size Medium then auto Add-to-Cart -> At Cart, Choose Qty, Discount, Note -> Touch [Pay] button -> Select Cash -> Done.
Store can ignore Customer Contact, but want to keep Contact customers for Customer Retention.

Office has 3 ways Search (Vend only 1):
1) Search Box. Type partial Title & Search. Limited space can't afford 2 x Search Box.
2) Search by Group: Touch [<->] open Group Menu Left -> Touch [Bread] Group will see List all items. -> Select Item -> Add-to-Cart
3) Scan Main Menu 50 - 60 most often sold Items daily. Admin setup which Items display Main Menu.


Vend Pos few steps

Vend Step 1: - Search Customer info -> Enter Name, Phone in top Box at right has [icon Customer]. See photo.

Vend Step 2
: - After process customer, Staff Search Product Item -> Enter Item Name = Strip Tee in top Box at left. -> Pay.-> See photo.

- Mouse hover or Click:1) Vend Add Customer & Take Order:
Vend Pos Latest Design.
- Touch or Mouse hover 2) Add Customer

Vend Add Customer
- Click or Mouse hover 3)
 Vend Add Item Option -> Touch Stripe Tee Item popup Option; While Office touch slide Item Option (screen 1)
Mouse or Click 4): Vend Pos Payment.

=> Vend is 100 millions software company and 20 years experience in business, thousands of customers world wide. They build best product. We want to show you what ever you can with Vend, Office can do: Add Customer, Search Product, Add-to-Cart Product, Discount, Note, Payment ... People said Office has more features. -> Both software is doing the same procedure.
 

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Step 1 - Screen 2 = Touch icon [] -> Process Customer Info -> Popup this screen.
- 1) If Customer Exist -> It auto loads Customer Data in Customer Form. Staff update & review. Screen 2.
- 2) If Not Exist Customer -> Then Enter Customer Data in Customer Info Form (no Data. Empty) -> Submit. Done!
For example, Ask Helen want receive Email since Analyst Data tells she not -> Slide [Email Opt] blue + Enable Helen in [Loyalty] Program.

-------------------------------------------


Vend Pos have **Step 2** that allow Staff to Create Customer Info if not Exist.
But different with Office:
1) Staff No View [Order History] like Office
2) If Customer Not Exist
(new customer) -> Both Office & Vend popup empty Form Enter Data.
2) If Customer Exist -> It doesn't auto load Customer Info Form like Office. -> Thus staff can't Update Customer Info, such as, change Address, Phone, Email ..


- Park Sales in Vend different Office [Park]
- Park Sales =
A Customer in store buy something, forget wallet at home -> Go home get wallet. Staff [Park Sales] this order. When customer back, Staff retrieve this Order, and finish Payment.

Vend Process Order in 2 Steps


1) At Search Box has icon Customer Right side, (see photo) Enter customer Name = Adam Smith will load Customer Data in Pos. If not Exist, new Customer, will popup Customer Data Form to enter.

2) At Search Box has icon Search Left side, enter Item = Stripe Tee Search product -> Add-to-Cart -> Pay.

Why use Vend as example respectly?

- A Computer Scientist & Professor, who is Chief Architect, Design, Data Science, and Code Framework, UI/ UX Front to Back-end, Database Design, Cloud, App said:
"- Easier Said than Done!  5 millions can hire 100 developers each 50,000 $ dollars. Vend, 100 millions dollars Software Company, not small, has hundreds of smart and talented Developers. Its Software is the best in business. Although Vend's New Version has: Search Customer by Name -> Add Customer. Office also has. - Vend: Search Item -> Item Option -> Add-to-cart. Office has same Search Item, Search Customer, in 1 Search Box, Vend in 2 diff Search Box. (see photo) - Vend: display favourite Items at Main Menu. Like Office Menu. => But both software is very different. No one copy. - Vend can't: Mobile Pos, Mobile Order, Customer Self-Order, Table Manager for Restaurant, Work All Devices ...Vend iPad only."

NOTE: So far, Investors invested 100 millions in Vend Pos. It received 20 millions USD from Peter Thiel’s Valar Ventures and Square Peg Capital. https://blog.vendhq.com/post/64901824985/vend-raises-20m-funding-round-co-led-peter-thiels-valar-ventures-square-peg-capital. Recently Dec, 2016 Vend Pos also received many other funding: 9 milllions, then 13 millions, 60 millions, and many other rounds. CEO said Total value at 100 millions. https://pitchbook.com/newsletter/vend-secures-9m-investment.

Start-up

Almost every Big company starts from a small Start-up, such as, Facebook, Alibaba, Apple, Amazon, Oracle ... However, Data shows that lack of Start-ups from diverse background, minority, women. Toronto, 1st largest city Canada, and 3rd largest city in US & Canada, most diverse city in the world, attract a lot diverse talents around the world, is becoming a major hub of Start-ups after Silicon Valley's high cost living and labour. In September, 2018, Uber invested more than 200 M in new Engineering Lab in Toronto, “This expansion comes at an exciting time for engineers at Uber,” said Thuan Pham, Uber’s Chief Technology Officer. Microsoft moved its Head Office in Toronto massive 132,000 square foot space. 


- Data shows gap presentation of Minority, Women Start-ups.
 


 

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Step 1 - Screen 3 cont = Touch [Order History] -> Process Customer Info.
- Analyse Customer Data:

-
Visit = How many times Helen in store.
-
Disc, Coupon = Total Disc, Coupon Helen got.
- SubTotal = Total buy before tax.
-
Email? = Join Email Marketing receive email or not. N/A = Not yet. Y = yes - N = No receive email.
Loyalty = Helen earned 1.0$ base on 1% of SubTotal. Setup by Admin.
-
Total Orders = How many orders Helen bought. In photo Order #450 has 2 x Items. See photo.
----------------------------------------------

Summary Office 2 Steps:

For Retail Business, Nails .. :
Staff Login, Staff View only:
-
Add Customer [] -> Add-to-Cart -> [Pay] button.
- Only 2 buttons: [] & [Pay]

For Restaurant, Food Services:

Customer View / Staff View Login:

- Add-to-Cart -> [Park]. Repeat orders Add-to-Cart & Park -> [Table] Review orders & Pay.
- Only 2 buttons: [Park] & [Table]

=> All you need is 4 buttons
, [Pay], [Park] & [Table] in front menu.

When customer in store buy Products & Services, Staff will do 2 Steps:

Step 1) Process Add Customer
1) Search Customer by Phone or Email or First & Last name, enter in Search Box -> Touch left icon Customer of Search Box. See screen 1.
-> If Exist (Customer had registered ), will see Name + Phone on top Cart. Screen 1. Staff touch icon [+Customer]
next to [Pay] -> See popup Customer Form has Data, like Fname, Lname ..  in field to make sure OK. Screen 2. Although no need touch [+Customer] to Review, unless need Update info. (Vend no Update, only empty Form). Review later, Search phone again & touch [+Customer].
-> If Not Exist (new Customer), Name + Phone not see on top Cart. Staff touch icon [+Customer] menu next [Pay] to open Customer Info Form (screen 2) but all empty field, no Data. -> Enter Customer Data like Fname, Lname, Phone ... -> Submit

NOTE: If Customer Exist or Not, need touch icon [+Customer] on menu next [Pay] button -> Will popup Customer Info Form -> Order History.

Step 2) Process Order Add-to-Cart
Staff Search Item = Japan Raman Noodle Soup -> Enter ram in Search Box, touch Search icon @ right side Search Box.
-> Next, [Item Option] -> Qty -> [Buy Now] red button Add-to-Cart. -> Touch [Pay] menu button to process Payment. Done.

Easier than Table Manager for Restaurant
 

Office Payment.

Office Card: like Gift Card, but modernized, more powerful, no Plastic, easy Made, easy Use. Customers buy Office Card 1) Online paid by Pay Pal, 2) In Store paid by Cash or Credit Card, 3) Call in. Business self Create Office Card, just like Customer Paid by Cash. Email, Text Code to customers, or write Code on Business Card. No Plastic Card. Customers are given a Code self-generated by computer, like: X12y15# - 7 to 8 chars, case sensitive save in phone. No Plastic just Code.
- How? - When [Pay], Select Paid by Office Card -> An Input appears for Office Card only, other Pay not have. (not see in pic) -> Enter Code -> Done.
- Customer can check: Balance & History of Order by Office Card. See demo: [Office Slide Show]
-> Office Card Benefits: - Another way to Pay, better & convenient than Cash, no Transaction Fee like Pay by Credit, Pay Pal.
Office Card = Cash = Digital Money.
Invent by Office. Good use for Mobile Order. Fast pay, like StarBucks Mobile paid by StarBucks Card only.
-> Business use Office Card like its own Bank Visa Card, no Interest. Give closed Customers only Card Code, no Plastic: Buy first. Pay later.

Office Pay: See Office Pay. You choose paid by Office Pay using your Credit Card, Pay Pal.
The difference Office Pay with other Pay is that Office Pay keeps track: 1) Data History of Payment. 2) Pay by Text. 3) Get paid fast like Invoice.
For example, Landlord keep track Tenant's  Rent: Date & Time, Amount, Pay BY: Cash, Credit ...
See Office Pay Case Study

eInteract: New payment offer by Office has system Track & Manage eInteract Payment like Office Card. Not see from other system. Cost no Transaction Fee for business. Fast, convenient. Customer no enter Credit Card info, no register account, use only Email. Good use for Mobile Order, Online Order.

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Step 2 - Screen 4 = Add-to-Cart

->After Customer, Staff  [x] close Customer screen. Add-to-Cart Items.
 
Staff Enter Item name, i.e. 'red' search for Woman Red T-Shirt in Search Box. Then Touch on [icon Search] at Right Search Box. See photo. -> Touch [Item Option] to select Size, then Qty, [Buy Now] button for Add-to-Cart Items. -> Touch [Pay] for checkout -> See photo.

 

Cont Checkout.
Add-to-Cart -> Pay
:
Finally, touch [Pay] button screen 1, will popup this payment screen. It automatically Calculate: Discount, Balance, Change, like Excel.
For example, Total = $62,15. -> Enter Customer Payment = $80, Discount = $2, it auto self-Calculated -> Balance = $59,89. Change = $20.11.
-> Select Cash. Enter Email & check Email & Print receipt. -> [Pay Now]. Done.

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Step 3 - Screen 5 = Pay. Done!

- [Pay]: All payment in one screen. Validate Data required to make sure must enter. Self-Calculate Data like Excel.


Touch Office Card will show (slide) an Input Box for Enter Office Card Code. Touch other Pay, Cash will not see or Close box. See Pay screen5.
- Similar, touch Email in blue -> Show Email box. Touch uncheck in shade color -> Email box close.

=> We design to avoid back & forth many screens, specially on small Mobile Screen, UI/ UX save Space & View Simple. Users see many Input Box confused. This CS (Computer Science) Design called Object Relationship Design not Database Relationship Design for Database Design.
-> That's why Software Analyst & Design Project Leader must know How to Code =
Many Ways Design Software Achieve same result. -> What You Think may not efficient, no good When You Code. Same applied for UI/ UX, Database Design.
 

gallery thumbnail
- Finally this Helen's Order #451 stored in Office Order Management.
In Search Box, you can Search & Calculate Data quick & fast.
-> See photo Staff Kat Lee Cashier Take Order + Photo of Products & Services 2 Items sold.
For example,
Search & Calculate all Helen's Orders from 01-01-2010 -> 01-01-2019, type in Search Box: helen t 01-01-2010 -> 01-01-2019

See Office Slide Demo: 
 

       

How Office Helps Business Keep Customers even more important than find New Customers.

However, the problem for Small Businesses is that they always spend time to look for New Customers, but ignore or don't know how to keep Exist Customers. As a result, their customers go to competitors. -> To keep customers you need to spend money not just talk, smile -> Some free money or give free something like free some services, some products.

1) Build up Customer Database, the most important: 90% Businesses don't have Customer Database, Golden Data. What a big lost no Customer Database. Using Office, after few years, you can have thousands of customers in Customer Database System. Then you can export Customer Data to Excel to keep private.

2) Email Marketing: for Promotion. Keep contact. Informing ... Office lets you check customers from Customer List, then send email to many customers.

3) Customer Retention: Modern day Sales & Marketing, Get Customers in store easy, but Keep Customers difficult. Office creates few Customer Retention Techniques: Coupon, Loyalty, Discount.

- Coupon: Give 5$ Coupon, Print on receipt. Scientist found: - 90% Customers will back Store or Give 5$ coupon to friends. A Referral. Coupon -> Customer Retention + Referral. Generate more Customers.

- Loyalty Program
: Like points, stamps. 1) You setup Loyalty Program based on SubTotal. such as, 1% Loyalty. Thus 100$ -> $1 earn Loyalty.
2) You setup Loyalty Program based on Visit. such as, Setup each Visit = 1 Stamp. Each Stamp = 2$. -> Thus Helen has 5 Visit -> 5 Stamp earn Loyalty = 10$. That's why Office Tracking Visit -> Look at Visit @ Order History. In photo Helen = 5 Visits. -> Determine a Customer  How Much They Earn Loyalty. Then Email/ Text to inform customers -> Bring them back store = Customer Retention.

For example, Mac Donald has Loyalty Program = Buy each coffee -> Get 1 stamp. -> 8 Stamps get 1 coffee free. -> Thus, after spent money for 5 coffees, 90% will come back to buy more 3 coffee in order to get 1 free coffee. -> This called Customer Retention to encourage customers back store, spend more.
For example, Encourage customers Go Back Store -> Loyalty Program based on Visit.  Encourage customers Spend more -> Loyalty Program based on SubTotal.
-> That's why Office track & provide Data for Visit & SubTotal.

- Discount: Rather reduce Price. Give Discount. Business No Profit because Keep Reducing Price. In the end, every one Out of Business.

4) Customer Order History -> Customer Profile: Helps business know What Customer Wants -> Customer Profile. Thus when have promotion for that Product or that Service, you inform customer ->  Bring customer back store. Promotion to Buy other products fit in Customer Profile. For example, Big Businesses analyse Customer Data of Customers, who buy a lot baby diapers -> She is having baby -> Send her promotion of Baby Products. A Data Scientist said:- By analyse, look at Customer History Data -> You can know a lot about a Customer, social status, their career, their earning, their hobby, what Products & Services they like ... So that you create a Campaign to target them, bring them back store, retention. Unfortunately, a lot Businesses don't have system to Track Customer History Data. A big lost.
NOTE: That's why Office, by Design, can Track Customer History Data for every each Items bought by Customer.

5) E-commerce, Mobile Order: Helps Business Do Online Business. Track Pick-up / Delivery.

 

  Update: - We update almost every day.
 
The Requirements for: Buy Home or Start-up:
 
- Persistence 20 y / 9-5. Start-up will be faster, not long 20 y / 9-5.
- Commitment
Home or Start-up ups/ downs, temporary setback, but no give up. Almost, Start-up at the beginning is always challenging, difficulty, setback. Understand risky when Buy Home or Start-up. Do not afraid of mistakes and try new things. The more mistakes, the more we learn. 
- Skill
work hard, make it happen. Creativity, Innovation.
- Capital
money for Deposit. Else may take longer buy home.
- Passion
for something,
- *Vision
something will Big. Think Big. Out of comfortable Boundary. Modernize. Lager scale.
The most important requirement for a Person, a Manager, a Start-up, a Business. Donald Trump dreamed to become US President since 1988, 30 years ago when 42 years old. He finally achieved his dream in 2017, become US President at 71 years old. Don't limit yourself. Never too late to achieve your dream some thing.

- A lot entrepreneurs do Start-up few years, not make a lot money, give up -> Will not success.

A Story: Star Bucks: 25,000 location Stores world wide, hundreds of thousands employees, revenue in Billions -> Still in need of Mobile Order Technology. It hires a new CEO to implement Technology for their stores.

Mr. Schultz Chairman StarBucks, no background Technology, had wealth of experience building & growing stores in tradition, from few stores to 26000 stores. On average, 70 stores / mo. Then he has Vision for Star Buck's store in New Economy. He open mind, recognized the change of doing business in Digital Economy, fast, efficiency, large scale.
-> So he hired Mr. Johnson, background in Technology as CEO, in April 2017, to build
Cloud & Mobile Model, Mobile Order improve, enhance Customer Experience. -> Most Big Billion Businesses run by CEO background in Technology, like Facebook, Microsoft, Amazon, Google, Netflix, Oracle ... Their Vision ran business different.

- Almost small business stores still don't have Mobile Order like Star Bucks. Mac Donald just offers Mobile Order -> But hard to use. Customers said:- We just need few minutes to place order, quick, easy. Not Social App used every day. Phone already had so many Apps.

Recent Statistics shows
: Today busy time, people less sit & eat in store. They Drive-Thru (need large parking & drive-thru space, very expensive, not for all location) or Mobile Order and Pickup. Some Businesses have parking but can't drive thru. They creatively offer their staff bring food, orders to parking where customers park. Customers don't need to walk-in store pick-up. Which contributes to increase from 40% -> 50% of Sales. ->
Mr. Schultz has Vision the Future of Store in Digital Economy. Small business can't see in Tradition.

Mobile Order much better than Drive Thru:
1) Less expensive cost, Parking space & construction Drive Thru 2) No cost of 2 Staff Take Orders like Drive-thru. Mobile Order customers self take order. 3) Quick, fast, easier than Drive thru line-up 4) Save lot of Time & Money. 5) Easy Setup. 6) Reach out diverse customers rather than same customers almost 95% same community.

- Office is the first product, by Design, that offer Mobile Pos, Mobile Order that doesn't cost a lot of money, make it easy for all kinds of customers to use. Even Vend Pos, 100 millions dollars investment still doesn't offer Mobile Pos, Mobile Order -> Then Who Can?
- Almost Pos: PC Pos, iPad Pos.
- Office least Requirement
: iPhone or Android Phone, Pos Printer. Not seen on market a system that does everything, Pos, Mobile Order, Tracking Data Analytics, Order Management... A -> Z only on Mobile like Office. Ask other Software Company: - Can we just use your system on Mobile only. -> They said: - No. Can't.
Maybe few small features.
NOTE: Office can use on Laptop, Tablet, iPad, iPhone, Samsung Phone - All Devices. Other System: No Laptop, no Tablet, no Android Phone, no iPhone -> Mostly Pos on iPad, because By Design, Lay out its Interface, UI / UX on iPad Large Screen, Space, easier than Small Screen Mobile. Very hard by Design a whole Pos system fit-in small screen Mobile. -> Other System only iPad Pos. -> That's why called iPad Pos.

Office easy Use
: Touch Office icon on mobile -> Open.
Office Technology: Use the latest $400 million USD Framework Technology that has been used by Billions Software Company .
Office Affordable: - No extra Licenses,
unlimited Licences, no extra Hardware, Software. Other package: 5 Staff  use, Cost = $450 usd / mo, $5400 usd / year. Office cost less than $950 usd. Office is only system allowing Customers Order in / out store using their mobile.

- When will it happen to a store near you?

A Story:- I live in big city more than 25 years, not see this happens yet. Mobile Pos and Mobile Order integration. When Customers can place order in / out store using their Mobile? -> I see this from big Business Star Bucks, MacDonald just has, but not see from small business, mom & pop Store. Only 1 Japanese Sushi restaurant gives us one White thick & heavy Tablet Hardware, not Android nor iPad, special design by a software company that also built-in ordering software @ our table 4 Guest for us to place order. We keep ordering food from this tablet # 4, like Office Table Manager. When done, we waive. A server came with a Debit/ Credit Card Payment Terminal rent from a local Bank, at our Table for Payment & Print receipt. The owner said, very expensive cost $10000 for a whole Ordering System. It is worth it. This Automation helps restaurant alot, specially when busy, a lot customers. The Ordering System does not not integrates with Pos system. Both system separated. Staff must input data on print receipt into a separate Pos system. Like tradition Restaurant input data from paper bill into Pos system. We ask if can place order from outside store like Mobile Order. He said: - No. ==> See right side Office.

NOTE: Japanese Business is very good at Innovation, at using technology for efficiency, modernizing, and Automation. In Japan, a lot Sushi Restaurants by Design, no server: Customers seat around Kitchen Counter -> Chef delivery food to Customers on trail rail around counter. This is good for small restaurant.

How Office System Working.
- Store minimum requirement, just need an iPhone or Android Phone or a Tablet, an iPad.
- When customers come & sit at Table # 4 -> Staff or Customers use smartphone. Can't afford each Customer / Tablet. -> Each Guest or one Guest at Table #4 Place Order for all Guests: Add-to-Cart -> Just Press [Park] blue button. Then 10 mins later, Staff or Customer continues Order: Add-to-Cart -> press [Park] on Menu.
-> After Done Eat.
Staff comes to Table 4 or Customers come to Staff Counter -> Pay by Cash or by Credit Card -> Staff touch [Table] at Menu next [Park] button -> Touch Table T4 -> Touch [Pay] -> Popup a Pay UI -> Enter Payment -> Automatically Calculate Change, Tip, Disc + Print Receipt -> Done. See Slide Show @ Active Table Manager.
-> Customers can Mobile Order outside store.


Easy 2 Steps using Office to Place Order by Staff or Guest for Restaurant

1) For Staff Use.
= Staff View: Guest (Customer) in store sit at Table T1.
Staff use Office: Add-to-Cart ordered Items -> Then touch [Park] menu button -> Guest @ Table 1 need more orders. Staff back at T1. Repeat taking order many times:
Add-to-Cart  & Park. -> Touch [Table] to view orders -> Finally, Process Payment @ T1: Touch [Table] menu button -> Touch T1 from List of Tables -> Touch [Pay] -> Enter Data: Payment, Disc, Tip ... Done!

2) For Guest Use.
= Guest View: When Guest (Customer) in store
want self-take orders. Guest @ T1 use Office on their iPhone, Samsung Galaxy Phone: Add-to-Cart -> Repeat -> Touch [Table] to view. After Done eating, Guest send message for Pay (or call staff)

-> For Laptop, use Mouse in or Mouse hover see bigger photo. Use Tablet, Mobile just touch on photo see bigger.

gallery thumbnail
1) Staff /Guest Add-to-Cart -> Touch [Park] button on menu. That's it.

Continue Place Order many times. Staff come Table take order, or Guest Self-order: Add-to-Cart -> [Park]

Find Item fast: Use 1) Search. Type: ram -> Japan Ramen Noodle Soup. Or, 2) Scan thru main screen display 50 - 60 most Sales Items. Or touch [<->] select from 3) Group -> List of Items in Group

Add-to-Cart: At Item Japan Ramen Noodle Soup, 1) Touch Item Option to select size Small, Medium ... 2) Touch + / - for Qty -> Touch [Buy Now] button Add-to-cart this Item.

Change Qty, Table/Seat: At Cart, touch blue button [T:T3/S1] change Qty =1 -> 3, and Table / Seat from T3/S1 -> T3/S2.

- There is [Help] button menu, can't see here. On top screen, shows short Instruction.

Small Business Enterprise Success

1- Keep Changing. Repeat same business model 5 years = same stuff, 1 Store => To next 10 years = still repeat same stuff, 1 Store, then never grow, boring. Need Change.

2- Innovation, Creativity. Can't run business the same model over and over again. Be different -> Innovative. Not follow tradition, copy others, do the same others doing.

3- Leverage Technology, the Internet, Cloud, Mobile in Large Scale. Without Technology hard to grow next level, even big like StarBucks. The Internet, Cloud, Mobile will help businesses do business faster, efficient, reach out more customers, large scale.

4- Surround, hire smart, talented people
.
According to Steve Jobs, Jack Ma, you should hire the smart people. -> When your business at 1/2 millions need certain kinds of people, at 5 millions need different kinds of people. So on.

5- Believe in yourself. Think differently. Open to new ideas. Not afraid of mistakes. Learn from mistakes
.


6- Think Big
.
You open small business but always think expand, large scale. Today, Internet, Digital Economy allow small business grow business large scale less cost.

For example,