The Green Effect Podcast

Stephen Green

Finance, life, business and everything in between! Reboot 2022! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else fits my fancy! Proudly sponsored by Top Consulting: topconsulting.ca

  1. JAN 13

    Economic Struggles, Bank of Canada Insights, and Real Estate Readiness

    Are you bleeding money on streaming services? It might be time for a hard reset. In this episode of The Green Effect, Stephen Green gets personal about the "subscription creep" that hits most of our bank accounts. He shares his recent strategy that drastically slashed his monthly streaming bill and offers practical advice on how you can audit your own expenses to save significant cash every month. But it's not just about saving money; it's about understanding the economy we are living in right now. Stephen takes a somber but necessary look at the current global climate and the emotional weight it carries. We dig into the reality of the Canadian economy, specifically the struggles in the youth job market and what the Bank of Canada's latest moves mean for your financial future. Finally, is it actually a buyer's market? Stephen wraps up with critical advice for potential homebuyers, explaining why "emotional readiness" is just as important as financial readiness when navigating real estate today. In this episode, we cover: The Subscription Audit: Practical steps to cut monthly costs without completely sacrificing entertainment. The Canadian Economy: A look at job market struggles and the rise in youth unemployment. Bank of Canada: Insights into economic predictions and interest rates. Real Estate Reality Check: Why research beats timing the market, and how to know if you are ready to buy. Quotes from this Episode: "I brought our subscription services down... I probably saved myself 150 to 200 bucks a month." "Do your research, understand what you're buying." "If you are emotionally ready, buy a home."

    24 min
  2. 2024-11-26

    JT and Disney+ Lady Spending Money They Don't Have | Truth Behind the New Stress Test-Free Mortgage Switches | Singing About Fraud on Social Media

    📢 New Podcast Episode Alert! 🎙️   🌟 Green Effect Podcast Season 4, Episode 24 🌟   JT and Disney+ Lady Spending Money They Don't Have | Truth Behind the New Stress Test-Free Mortgage Switches | Singing About Fraud on Social Media   In this engaging episode of The Green Effect Podcast, Stephen Green dives into the latest economic and real estate developments in Canada, with his signature mix of humor and no-nonsense analysis.   Stephen dissects the federal government's GST holiday, highlighting its short-term benefits and potential long-term consequences, including inflation and economic strain. He critiques the logic of offering tax breaks while the country faces a significant deficit, calling it a "wolf in sheep's clothing." He emphasizes the need for better allocation of resources, such as investing in housing solutions.   Shifting gears, Stephen explores the recent mortgage stress test policy changes. While eliminating the stress test for straight mortgage switches at maturity is a step forward, he critiques the rule's limited scope and exclusion of monoline lenders and credit unions. He notes that this policy, while promising on the surface, is unlikely to revolutionize the mortgage market.   Stephen also discusses shifting consumer sentiment, the rise in first-time homebuyer activity, and upcoming regulatory changes, such as the 30-year amortization option for buyers with less than 20% down.   Finally, Stephen calls out misinformation on social media, warning listeners to critically evaluate posts about "cash flow-positive" properties that may misrepresent the realities of mortgage regulations. With sharp insights and candid commentary, this episode is a must-listen for anyone navigating Canada's housing and economic landscape.   #TheGreenEffectPodcast #CanadianEconomy #RealEstateTrends #MortgageUpdates #GSTHoliday #EconomicInsights #HomeBuyingTips #MortgagePolicy #HousingMarket2024 #FirstTimeHomeBuyers #RealEstateInvesting #FinancialPlanning #StressTestChanges #MortgageAgentLife #ConsumerSentiment #CashFlowProperties #CanadianHousingCrisis #GovernmentPolicies #HousingAffordability #PodcastLife #MortgageAdvice #RealEstateNews #MarketAnalysis #InflationImpact #StephenGreen     Instagram, YouTube, Facebook, TikTok: stephengreen.ca

    24 min
5
out of 5
7 Ratings

About

Finance, life, business and everything in between! Reboot 2022! Brand new content with just myself gabbing away about the real estate world, personal stuff going on in my life, stories as an investor, and whatever else fits my fancy! Proudly sponsored by Top Consulting: topconsulting.ca