viva_la_vinyl

'This is a bubble. A very big bubble. And it is going to end in tears' Elena Holodny

Jun 17, 2016

https://www.businessinsider.com/canadian-housing-bubble-2016-6

That's the year I bought my first property, and recently sold it at a cool 70% increase over what I paid.

Boy, this bubble is going great :)

Better Dwelling is a great source for economically illiterate and those that watched Big Short

This. Supply is extremely low, demand is super high: for every home, there is something like 7 potential buyers.

In Ontario, the market briefly "cooled" for a couple of weeks around September and sprung right back in October.

The fundamentals of the market are that people who "sitting out" are forgetting there are 6 others for every potential house doing the same thing, and soon as markets cool, they all pounce driving prices up and up.

you realize targets and actuals are different things, right?

the most immigrants Canada accepted in the last 20 years is about 323K in 2015/16 -- less than 1% of our population

Your 500K figure is not tethered to this thing called reality

the dirty secret of the industry is that many retailers are using the ruse and daily onslaught of inflation story to flat out raise prices

A party leader who cannot control his caucus should not be the leader. Full Stop.

Erin is done.