Milestone or millstone? — Greater Fool – Authored by Garth …
WEB1 day ago · Milestone or millstone? — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate ← There she be
Why buyers balk — Greater Fool – Authored by Garth Turner – The ...
WEB19 hours ago · In reality, the current situation is making things worse for (almost) everyone. It’s a classic example of how incompetent politicians clash with human foibles. Numbers released this week by CREA confirm what we can all see. House sales are languishing and buyers are balking, despite three Bank of Canada rates cuts. Listings are growing.
There she be — Greater Fool – Authored by Garth Turner – The …
WEB2 days ago · And you can bet there will be fixed-rate mortgages flogged for 2.99%. This means that big renewal cliff everyone worried about a year ago – with $200 billion in home loans coming due in 2025 and 2026 – has been called off. Looks like borrowers with an average existing rate of 2.89% may be refinancing for about the same amount.
Seriously? — Greater Fool – Authored by Garth Turner – The …
WEB3 days ago · Combined with pent-up demand after two years of crappy house sales and gently falling prices it just about promises FOMO is coming back to real estate – soon. But wait. We need more hormones, cries the finance minister. Bring on the endorphins, echoes the PM. Let’s dope up the kids, says the housing czar, and get them mortgaged!
Whither confidence? — Greater Fool – Authored by Garth Turner – …
WEB4 days ago · By the end of 2025 we will have a bank rate that’s travelled form 5% all the way back to the 2% range. Already mortgages (fivers) have dropped from more than 6% to just over 4%. Monthly carrying charges have eroded smartly. Lenders are aggressively trying to build their loan portfolios. Credit is plentiful.
The peak? — Greater Fool – Authored by Garth Turner – The …
WEBSep 9, 2023 · For 18+ months the central banks have been battling surging inflation, which in turn forced them to quickly reverse course and aggressively hike rates at the fastest pace since the early 80s (because they screwed up keeping rates too low for too long!). These factors are demonstrably negative for the economy and markets. But inflation (headline) is falling quickly so it appears the rate hikes ...
The big fail — Greater Fool – Authored by Garth Turner – The …
WEBAug 18, 2024 · In its latest report local developers say sales are down 46% year/year (and 2023 sucked) and 60% under the ten-year average. It’s so bad more than 60 huge developments have been cancelled, while there are 21,158 unsold housing units available – a massive 14.5 month supply. That includes 17,391 condos and 3,767 single-family homes.
Headlines — Greater Fool – Authored by Garth Turner – The …
WEBAug 10, 2024 · Headlines, like the ones below, get the attention of readers, which helps sell more newspapers and garners more clicks. And since we’re all human beings, and therefore impacted by our human nature, these headlines can influence our behaviour and decision making. So, a regular market decline leads to negative headlines from the press, which in turn impacts our psychology and behaviour, and ...
Under the covers — Greater Fool – Authored by Garth Turner – …
WEBNov 15, 2023 · By Guest Blogger Sinan Terzioglu. . Covered call exchange-traded funds have attracted over $3 billion in new assets this year making them the third best-selling investment product in Canada, according to TD Securities. The allure of covered call ETFs is the annual distribution yield which can be as high as 15%, paid monthly.
The price of safe - Greater Fool
WEBNov 29, 2023 · The average retail investor require more than 6% yoy gains at the rate Loblaws is greedflating food prices. A can of beans went from $1.19 last year, to $1.79 yesterday. A tin of NoName evap milk went from $1.29 to $2.29 yesterday. A bag of frozen fruit went from $3.99 to $4.99 yesterday.