Peter M

@MichaelAArouet It’s an economic prosperity / general happiness index on display. Would you fight for a house you don’t own?

This is simply unreal. What happened in Germany? Has the left virus completely eaten their minds? How on earth is it possible to not be willing to defend one's country and family?

@TeslaXrp @JonFlynnREstats Please explain to me wise guy where do you see free market in Canada? Where government decides what/ how much to tax, where you can build, how high, who to subsidize, what group should get those subsidies, who land belongs to, overnight lending rate, I can go on and on..

@JonFlynnREstats The price it is now that’s a free market you don’t get to say what does a good price feel like to you come on ..

Realistically, what should the average house in Canada cost?

@BrandyBeischer @Tablesalt13 This is not exactly the best representation as it doesn’t depict the dynamic / rate of change. It does show that unemployment under 25/35 yo is very high. Meanwhile folks 55+ are nearly fully employed. Which is obviously great.

@PeterMirA220 @Tablesalt13 Do u have by age? Like are the boomers retiring and there are sooo many more of them. I truly believe this

🚨BREAKING - THIS IS INSANE! Canadian unemployment rate falls as Canada LOSES 25,000 jobs This is because 94,000 Canadians GAVE UP on trying to find work in January. Only 60.8% of Canadians over 15 now work!

@adamtaggart Mr Zulauf

I'm now working on my schedule of interviews for the back half of Q1 Whom would you most like to hear from on Thoughtful Money?

@KnightEconCA @ronmortgageguy Do you know if the people that haven’t been able to find work for over a year counted as unemployed still? Or they are a part of the “not in labor force column?”

@ronmortgageguy The headline number you see is seasonally adjusted, which is based on the historical pattern of monthly hiring/firing. Back in the summer, the model expected a lot of hirings that did not happen because large reduction in int'l students. So the July/August number were too low.

I Have Never Said Government Stats Were Fake Before But I Just Have To: Ontario Has More Jobs? Total BS I can go along with the Canada wide increase because Quebec, Atlantic, Prairies could absolutely be up in employment I am not in those markets 2/ bloomberg.com/news/articles/…

@GregCampbellRE @TheELongWave @CDNrefugee01 Shift in what sense? Back to 100 bidders for a two bedroom bungalow or people will begin migrating to more affordable markets?

@TheELongWave @CDNrefugee01 I'm in the real estate business in Ottawa and have been saying Fall 2026 will be the biggest shift in real estate for the "other" markets as well. We'll see soon enough

If you believe Canada won’t face a banking crisis, you’re in denial. If you believe Canada won’t default, you’re in denial. If you think the Kondratieff social cycle doesn’t exist, you’re in denial. 📉❄️ For those who see it clearly, the coming disruption is not just survival—it’s an opportunity. History shows that every Kondratieff Winter destroys the blind, but rewards the prepared. 🌊📚💰”**

@RichardAHaas @igetredpilled Everything you are saying is 100% correct. There is one unknown. The bond market might get very upset with all the currency debasement and take us to … 8% or 10% on the 5year. Imagine what happens then.

Yes, and they were right then too. A casual $2Trillion (320%) increase in money supply ex credit expansion over the same time period. Could have something to do with a 385% increase to the Central Bank B/S from Feb 2020-Feb 2021, during a period negative real rates. Unless you believe CCBBS will mean revert and M2 will durably decline for multiple years, which no politician has the courage to do, there will be no valley of despair.

Canadian real estate is literally a text book bubble.

@TheELongWave Property price is a representation of an honest inflation metric.

Kondratieff' Fourth Wave will collaspe. The current Economic LongWave is unsustainable due to its reliance on debt rather than innovation and productivity, resulting in minimal economic growth. The escalating healthcare costs are on track to bankrupt governments, and politicians are not effectively addressing their constituents' needs. Real estate prices have inflated into a Ponzi scheme-like bubble, and currency devaluation erodes societal stability. High taxes compel most people to reduce their spending. These issues are apparent as GDP growth lags behind the increasing debt. Eventually, the global economy will collapse, necessitating a reset that shifts focus back to a real economy that benefits more than rent seekers, asset holders, and governments.

@JonFlynnREstats For millions Canadians hoping of ever having babies it’s kind of important to have affordable housing.

I think it's safe to say the 34% of non owner households in Canada want the bubble to pop and prices to drop. Of the 66% who own (investors/speculators/end users), what percentage do you think care about price stability and/or increases?

@KobeissiLetter @finding_finance Does this chart include property tax, carbon tax, land transfer tax etc etc also many thousands spent on house/car insurance which are all going up early. Those are also forms of taxation since they are all mandatory.

This chart is wild, Canadians are drowning in taxes. The average Canadian family now spends ~$47,000 per year on taxes and ~$13,000 per year on food, That's 3.6 TIMES more on taxes than food. The average Canadian family also now spends ~$24,000 per year on shelter. In other words, the average Canadian family now spends DOUBLE their annual shelter costs on taxes. Since 2010, the average annual tax bill for a Canadian family is up a whopping ~57%. Truly concerning numbers.

@adamtaggart Most refinanced at lower rates, mass migration, boomers retiring, low inventory, millennials / gen z might be able to afford to have kids one day, interest rates slashed, low new inventory due to high rates, hedge funds buying out inventory to protect them selves of inflation etc

Mortgage rates spiked from 3% to >7%. That should've sent home prices down, but it hasn't BUT then the cost of insurance, property taxes & maintenance surged, too. These should also reduce home prices What's the compelling argument that prices WON'T ultimately adjust downwards?

@Stevewu1912 @FinanceLancelot Spread between value of the loan vs resale value of the vehicle

@FinanceLancelot How come the car loan be negative valued? I just don't understand this. Car loan is less than 5 years right, it's not a 25 or 30 years duration?

BREAKING: BMO bank halts all new retail auto loans as of Sep 15, 2023 Seems they may be worried about liquidity issues.

@TheOriginal5895 @GregCrennan People really need to think.. TV got cheaper but cable bill is 100$ plus Netflix,Disney, YouTube. Point is if you bought a cheap car but the subscription price to make it run “wipers, heated seats, power windows” went up ten fold are you really getting a great diflationary deal?

@GregCrennan I remember buying a 68" LED TV last year at Walmart for $499. Technology is the ultimate deflationist.

For all the deflationist out there, point on this chart when the US experienced deflation.

@ronmortgageguy #xj4y7vzkg" target="_blank" rel="nofollow noopener">bloomberg.com/news/articles/…

Will There Be Another Bank Of Canada Rate Increase? Maybe But I Doubt It Don't get me wrong, the tiny inflation bump, the continuing strong employment numbers and house prices rising once again could conceivably push the BoC to a 25 bps increase on June 7th But likely not 2/

@TheELongWave Many 20 to 35 year olds are either renting with friends or living with their parents. Most boomers I know by 27 owned one or more homes. It’s really not that hard just look at statistics.

Canada's Population 1964 and 2024. Can you see the challenges ahead for our collective social programs based on a "standard population pyramid that radically changed post-1971? Can you see the implications for Real Estate post-2024? Where will "new net demand" come from?

@ryangerritsen Let’s not forget about the property tax that has almost doubled in 10-15 years. 3k for a condo and 6k for a house lol what’s next 10k 20k?

Food prices in Canada seem to be increasing almost weekly. We are being forced to choose poorer quality foods in order to save money. I’ve never seen my heating bill so high. Yet our Government doesn’t touch these subjects, they only discuss climate bull crap. It’s infuriating.

@LukeGromen Is it a good time to get into long dated treasury bonds and how do you see their performance in the next few years. Has the bond era ended for good?

1/ In lieu of the bi-weekly Sunday night Periscope, I’m recording a 5-10 min YouTube video tonight to be released tomorrow; pls drop some questions below & I’ll touch on as many as I can on a best efforts basis. Thx! (Also, pls feel free to subscribe to my YouTube channel.)

@LukeGromen Please cover DXY EUR outlook please and bond market erratic price action. Many thanks Luke

1/ In lieu of the bi-weekly Sunday night Periscope, I’m recording a 5-10 min YouTube video tonight to be released early this wk; pls drop some questions below & I’ll touch on as many as I can on a best efforts basis. Thx! (Also, pls feel free to subscribe to my YouTube channel.)

@AlessioUrban This is inaccurate for the top countries (Eastern European countries) like many mentioned because they went from local currencies and prices to euros. And before joining EU prices for everything were 10 times less.

Wages in europe from 1990 to 2020 Italyzuela -2.90% change