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@ShaziGoalie Go on vacation till spring 2027…

How is the Spring GTA RE market going so far?

@ronmortgageguy Imagine buying at 40 and when it will be paid off!!! Taxes are high, mortgage is high !!! Why not to rent and make some other assets with Savings!!! I like the idea of reducing GST but it shall go to investors or residents. Every precon need additional 100-150k on closing !!!

Average Age Of First Time Home Buyers In Canada Is 40! WTF Have We Done To Ourselves? In the 1990's the Average Age was 27 If you go back in time it's even slightly lower If you take house prices from 2.5X Average Family Income to 9X or 10X this is the result

@BenRabidoux Canada 🇨🇦 can handle one more scam: GST builder scam. Keep voting Ford and Carney…. Builders of Canada @fordnation @AnitaAnandMP

HST change + new fund buying unsold condos as rentals means a higher share of new condos will enter rental pool This is a big trend to watch. If 75% of condos under construction become rentals, total rental stock across GTA will grow 12% at a time when population is declining

@JohnPasalis What about the Canadians who bought in the same building and under water!! @fordnation @MarkJCarney @AnitaAnandMP @ronmortgageguy !!! Canadians tax money going in deep pockets!!!! In third world countries it’s called bribery not bailout!!!

The short-term HST cut on new housing is not really about building more homes It's about bailing out builders who are sitting on surplus vacant inventory Instead of lowering prices to sell their units, builders can now just rent them out and wait for prices to rise 1/

@JohnPasalis The taxes is off the roof, condo fees are $500-700…. They have to review them to help housing industry

Key takeaways on the temporary HST rebate for new homes in Ontario 1⃣ Applies to all new homes, including investor purchases 2⃣ Purchase agreements must be signed by March 2027 3⃣ Construction has to begin by Dec. 31, 2028 More here thestar.com/news/canada/ex…

@JohnPasalis @ronmortgageguy @fordnation Resuscitating the patient when it needs long term care !!! With such a big inventory available why someone will book a new home to face same uncertainty is last few years!!

@JimChuong @fordnation @MarkJCarney : these are the builders/ developer’s government want to use our money for!!

Canadian real estate getting DEMOLISHED 🇨🇦 “Sometimes we do go to the builder and say my client has no assets and you’re welcome to sue if you want, but they will go bankrupt, so how about a mutual release to keep the deposit, and that’s the end,” he said, adding that some developers will just say they already have the deposit and go after you anyway. - Toronto real estate lawyer Bob Aaron

@DrJStrategy @fordnation @MarkJCarney @AnitaAnandMP : when you hear province is helping builders instead of genuine customers who got caught on wrong side of housing and when you hear federal GST rebate for new homes is just an eye wash , it confirms policies are lob-sided!!

For the record. When I came back to Canada and said the Bank of Canada was insane to shadow the Fed and jack up rates in a housing‑addicted economy, I was told I was hysterical, reckless, even unpatriotic by the MSM–Bay Street chorus. Now look around: this is the ugliest housing crash since the 1990s, exactly what they insisted could never happen. Objective, forward‑looking research in this country is on life support; reactive, emotional “analysis” is the only thing Canada now produces in excess. And now the Bank of Canada shrugs that cutting rates “won’t help,” while a few self‑styled historians even pine for more hikes because they’ve convinced themselves this oil shock is a carbon copy of the 1970s. Just think about that for one minute: the central bank openly says rate cuts can’t help an economy hooked on real estate, an addiction it spent years feeding. The sheer, steak‑thick lack of critical thinking in Canada is there for anyone with a pulse to see. Canadian Real Estate’s Biggest Crash Since The ‘90s To Worsen: BMO betterdwelling.com/canadian-real-…

@ronmortgageguy @fordnation @MarkJCarney what about the honest buyers who closed more than 200k-400k and losing money every month. Are you going to pass on the same benefits to the customers!! Why builders profits are more important than survival/retirement of Canadians.

Wait A Second..... Ontario Has Set Up A Fund To Bail Out Developers? WTF Is Going On Hear Provincial Government calls it a fund to improve affordable rentals & help the Construction Industry But is it really buying unsold Condo Units to Bailout Developers? Head is exploding

@taadelodun @ravish_journo Impressive!!!

Prime Minister of the Netherlands handed over the government and left on his bicycle, but every Nigerian man needs a car to boost his confidence😂😂 I can't promise all of you cars if I become President but you will have good roads and infrastructure!

@BenRabidoux When country grew 7 million in 7 years( appx 18% of total population) thugs is just a blip. Bad analogy but in stock market it’s not even a correction 😃!!

Unprecedented times in Canada as population turns negative on a y/y basis for the first time in our country's history

@Iamsamirarora @Trinhnomics What can be the reason!!! May be they don’t trust the regulators and the law of the land ( especially with recent news about SEBI and one or two big industrial houses)

FII holding in India: approx. US$ 750 billion FII holding in just Samsung Electronics, TSMC and Hynix: US$ 1.75 trillion Source: Nomura How much India has lost in past 2-3 yrs on a relative basis is crazy.

@jrouldz I think company is well run with nice intentions. The AI and digital platforms are being used . I am sure that is future business!!!

$OSCR Not interested long term but swing trade at $12 would be tempting

@TheWiseIC I already sold 20% of my Cdn Banks holding. I am holding them in RSP and TFSA. So no tax implications.

I’d be a net seller of Canadian banks right now. Yes, I said it. This is coming from a guy who put his life savings in $TD $TD.TO in the mid 70s in 2024. It’s now time to start reducing financials exposure. The Canadian economy is not lender friendly at the moment.

@BenRabidoux @OSFICanada @SteveSaretsky At whose mercy you are leaving the buyers??? If these buyers dont have money for so called ‘capital call’ they will go in default or use there other savings??? It’s better to lend and save the situation!!

1/ Maybe @OSFICanada can comment on the emerging practice of "blanket appraisals" by big banks on new condos. I've heard this from many in the industry and verified it myself via land registry data on some new builds. @SteveSaretsky discusses it here youtu.be/j0MLXpEvAu8?t=…

@bdkoepke I think its win win for all. Buyer is stuck with low appraised value 20-30% down. Seller is on hook to sell and close. Lender is on hook to get his principal back. Good way to bridge the situation for genuine customers. Else snowball effect on so many other things!!

Canada's biggest banks have been using "Blanket Appraisals" to artificially inflate real estate values. "OSFI formally warned Canada's largest financial institutions regarding the use of automated valuation methods to bypass mortgage lending limits." 🧵 dailydive.ca/news/canada/ca…

@alt_w_v_g I love it!!! You are a smart guy but imagine what people are dealing with!!! No one is checking their credentials. Banks are playing with words. Instead of CFP, Some are using Chartered Financial Planner. Most of us couldn’t differentiate!!!

Met with a financial advisor today My wife set it up She wants "a professional opinion" on our retirement Nice office Glass desk Diploma on the wall from a school I've never heard of The advisor was 23 Maybe 24 He had a pullover vest and a rehearsed handshake He handed me a pitch book It had someone else's name on it I chose not to mention that He said "based on your risk profile I'd recommend a 60/40 portfolio" I said "what's the fee?" He said "1% annually" I ran the compound drag over 25 years in my head Said the number out loud Then I said it again slower His smile went away I said "what's the tax strategy?" He said "we review that annually" I said "what's the Roth conversion ladder? The asset location framework? The blended expense ratio on the underlying funds? Why wouldn't I just buy VOO for free and do this from my phone?" He opened his mouth Closed it Excused himself Came back with his boss Same vest Bigger watch The boss said "I hear you have some concerns" I said "not concerns. Questions. Your 23-year-old couldn't answer them. That's my concern." My wife kicked me under the table I kept going The boss said "the value is in the relationship" I said "that's what my therapist says too. She charges $250 an hour. You're charging more and doing less." The boss looked at my wife My wife looked at the ceiling I've now been to a therapist, a realtor, a car dealership, and a financial advisor this month My wife has walked out of every single one I asked her in the car what she thinks the common denominator is She said "you" I said "interesting. Not sure how to model that." Plz fix. Thx. Sent from my iPhone

@MarcNixon24 Liberals gave GST rebate for new constructions first time buyers only if you buy after march 2025( when the buying is 90% down)….. what a stimulus!!! I heard he is a world class economist!!!!

RUMOR: Liberals planning a HOME EQUITY TAX If they win a majority there will be nothing to stop them. The 2016 Liberal proposal may be coming back. SENIORS who rely on their home equity for retirement will be hit HARDEST.

@JimboStanford @TorontoStar $25 extra cost with every tank. Three times a month $75. Which is $110 pretax. If you have two cars per household double it. Technically, no supply shock in Canada!!!

As you fill up with gas that's now up 20c/litre in a week, remember who profits. Cdn oil companies made $150b after-tax profit after the last oil spike (2022). An excess profit tax redistributed to consumers would ease the pain. My take in @TorontoStar: thestar.com/business/opini…

@EmilySommeryyzz I love you😂🤣

Indian Engineer uses an electric lawn mower to remove snow from his driveway. Canada is planning on importing 60 Million more of these geniuses!