The aggressive rate-hike campaign by the Bank of Canada is starting to impact on housing markets, as evidenced by declining sales activities and dropping home prices.
May 7, 2021 | Help Wanted
Garth Turner A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics.
Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada.
The job numbers suck. Some people wonder what impact this might have on real estate. The economic recovery. On interest rates.
In case you missed it, Canada shed 207,000 positions in March. That just about nuked the gains seen in February. The jobless rate has gone in the wrong direction – up. Over 129,000 full-time paycheques vanished and close to seventy-eight thousand part-timers lost work. In the US, more than a quarter million new hires stared working last month in stark contrast to us, but this was far less than expected. Seems American employers can’t find enou
A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics.
Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada.
Just in time for spring showers, spring flowers and puppies (at four grand a piece), we have new lockdowns. Covid ain’t giving it up. BC is shuttered. The crazy Kelowna ski hill kids are all fired. Ontario hears the bad news today. ICUs are full. Public health officials are scary. Schools going remote again. Every province is screaming for vax, and the variants are winning.
January 13, 2021 | Tough Love
Garth Turner A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics.
Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada.
Ontario’s conflicted premier locked down the province this week. Well, sort of. Public health skeptics say little has been done to change people’s behaviours and, after all, Costco and Wal-Mart are still open. The subway’s still running. Maskless families are still jamming up the parks. And, yup, the infections are still rising, in the LTC homes among the oldies, and in the community at large.