@ronmortgageguy @GoldAlexander Yup. No other way. Kid makes good money but unfortunately like you’ve been saying. House prices to income is astronomical
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Mark Aprile
5.7K posts
@marktrader4 @GoldAlexander Well Congrats to him but $200K Sweet Jaysus
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A year ago I’d say 50% of my active clients were end users, right now that number is more like 95%.
Speaking with investor clients yesterday, they won’t pull the trigger unless they can find the right product at the right price… and there’s no inventory in Vancouver like that.
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@GoldAlexander definitely feel for good people who are getting sandbagged by higher rates after being to told rates would be low for long. Also thrilled my kid will be out of my house even if it cost me some scratch
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@marktrader4 It does feel like natures healing a bit when it’s almost ALL end users who are buying homes.
But I also feel for the home owners who are struggling to afford this higher cost of living on a variable rate or with a mortgage up for renewal.
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@liberal_party Lol ya minimum wage jobs for immigrants because your corporate friends need to keep those wages low to pads their margins. Guess who's facilitating that?
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Our Liberal team is building an economy that works for all Canadians.
Last month, 60,000 new jobs were created by Canadians, and since 2020, Canada has recovered 130% of the jobs that were lost in the COVID-19 pandemic.
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@ronmortgageguy @GoldAlexander Im honestly happy about that. Because the BOC cooled the market by stepping back in, my son finally bought a SFD last month and didn't lose a bidding war because there wasn't one. Of course i still had to give him 200k to do it.
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@GoldAlexander Math does not work for Investors now
Even with a huge run up in rents
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Canada lifts education requirement for Hong Kong immigrants cp24.com/news/canada-li…
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@TorontoStar ya but Justin was comfy in his $6k a night emperor suite in London.
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According to a new policy that came into effect June 1, the city is now directing asylum seekers in need of emergency beds to the federal government.
A look at the new policy and stories of the most vulnerable people who are being impacted. trib.al/Rd5c4bt
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@journo_dale Completely forget that immigration is soaring and ya blame the premiers
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But we still have premiers operating under a normalcy bias who believe it can’t be that bad, that people are just being hysterical, and that they can keep taking federal dollars and putting it toward other things rather than paying nurses and reforming doctors’ billing.
Supriya Dwivedi@supriyadwivedi
the system has crumbled and collapsed for as long as I’ve had a public platform (> 10 years) I’ve been ringing the alarm bell on healthcare and even I’ve been taken aback these last 6 months at just how truly fucked we all are
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‘Overwork, fatigue and stress’: Greens’ Elizabeth May hospitalized trib.al/uhTZptC
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@BradMBradford Multiple property investors matter too! Ya let them beat out a first time buying family
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The solution to Toronto’s housing affordability crisis isn't more bureaucracy - or having the government decide who is allowed to buy someone's house.
The solution is to build more homes, so people have more options to rent or buy at different price points.
CBC News@CBCNews
As Canada and other countries try to deal with their respective affordable housing challenges, a Dutch cabinet minister recently attempted to even the playing field and expand home ownership among the less wealthy. cbc.ca/news/canada/ne…
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@CP24 that darn white supremacy. why don't you check your privilege and don't cross the street when you see these dudes
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BREAKING: Toronto police identify 3 suspects wanted in fatal daytime shooting in Leslieville
cp24.com/news/police-id…
Toronto, Ontario 🇨🇦 English
@CP24 the bike babies will ignore this one. Don't say license plates!
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2 cyclists collide in Parkdale: one critically injured, other flees the scene
cp24.com/news/2-cyclist…
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@ColinDMello As was the case with the liberals handing out generous contracts for solar and wind, the whole point of these bad investments is to enrich there friends and insiders. Look and see who sets up companies that stand to profit and the people they hire.
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NEW: The lawyer representing a number of First Nations communities opposed to the Ford government’s plans for the Ring of Fire is cautioning that the province’s long-term EV battery manufacturing strategy might be a “fool’s errand.”
globalnews.ca/news/9818849/r…
#onpoli
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@CanadaRecord All deliveries made by bike courier’s. I guess bringing in all those door dash and Uber eats bike guys from India was by design
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@FinEconGlobal Self defence. Except for the part where he chases him down the subway car to finish him off.
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@CDInewsletter They paused in Jan to assess. They housing as well as the economy took off to the races while not making a dent in the labour market. They don’t want that to happen again. Core inflation has stopped disinflating and headline will see less favourable comps going forward
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Canadian inflation:
June 2022 - 8.1%
May 2023 - 3.4%
Despite this, my feed is absolutely crammed with permabears saying rates are going to keep marching higher.
Macro guys, tell me what I'm missing here?
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@Baystboy Expect for the part where the white shirt guy is clearly running and losing blood and the guy chases him to finish him off.
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Horrible outcome but the white dude swung first. If you going to start something be sure you can finish it. 😬😬😬
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People have always looked to Canada as an amazing place – but increasingly now, people are coming to Canada and calling this incredible country home. Because here, with hope and hard work, everything is possible.
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@stephenfgordon ya you are leaving out the part where Macklem explicitly said rates we be low for a very long time thus fuelling a debt binge like never before. Oh and the fact he completely misjudged inflation and kept policy to loose for so long embedding inflation.
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This is your irregular reminder that Pierre Poilievre wants to fire Tiff Macklem (something the PM doesn't have the legal authority to do, btw) because of something Macklem's predecessor did three years ago:
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From U.S. Supreme Court judges accepting luxury travel to Pickering councillors accepting Leafs and Raptors tickets - why do officials quite capable of affording luxuries take them from those who want influence? Is it just greed?
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@MPelletierCIO Throw in the towel Martin. Apple price speaking loud and clear
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One company as big as the entire Canadian public markets. 🤷♂️
Barchart@Barchart
Apple $AAPL makes history as the first company to ever reach a $3 Trillion Market Cap!
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