You can rest assured that no animals were harmed in the making of this commentary! But the harm felt by stockholders during the last several months has not been trivial, and not only confined to lenders. As has been discussed in this Commentary, just because the open market can see their stock prices fall doesn’t mean those companies are faring any worse, or better, than non-public companies. And other companies in related industries have not fared much better. For example, Redfin (a full-service real estate brokerage that owns lender Bay Equity) hit a high of over $95 a share and hit a low a few weeks ago of $7.13. Put another way, if you had sunk your life savings of $1 million into Redfin stock in February of 2021 your life savings would stand at $75,000. Ouch. The speed and magnitude of the rate move in 2022 has hurt many, but to keep things in perspective remember that the highest interest rates were in October 1981, a whopping 18.45 percent. Fortunately, no one is talking
Residents of Toronto building are calling out landlord for boiler fire and eviction notices
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Toronto residents fed up with their landlord are pasting posters around the city to level accusations against their property owners ranging from building neglect to false eviction notices.
Tenants of a Parkdale rental building have been circulating signs with a photo of Adam Farber, the director of acquisitions for Golden Equity Properties, a Montreal-based company that owns 22 buildings in Ontario.
Farber, however, told blogTO he has no relationship to the ownership or management of the building.