“Housing needs to retain its value. It’s a huge part of people’s potential for retirement and future nest egg.”

Justin Trudeau
Saying the quiet part out loud
theglobeandmail.com/business/artic…

The Ford government is looking to introduce a 10 day cooling off period for buyers of new lowrise houses, allowing them to cancel agreements without penalties

This mirrors the cooling off period that new condo buyers currently have.
news.ontario.ca/en/release/100…

GTA new home sales in April were 65% below the 10-year average

Remember when experts argued for years that Canada's population boom was sustainable & we just have to triple housing completions?

Population is still booming, but new housing is falling
thestar.com/real-estate/re…

Single-Stair Layouts Are Not Going to Fix the Housing Crisis

They’re a good idea, but they’re not going to liberate us from capitalism
thenation.com/article/societ…

A great start for 🇨🇦 at the French Open today! #rolandgarros

Why is anyone convinced that legalizing single-stair buildings will actually result in more family-sized units being built?

Micro rentals are more profitable than family-sized units.

Do people think builders will suddenly not want to maximize their profit?

Happening today at 12PM ET! Online Toronto area market update with John Pasalis and guests David Larock, Gus Papaioannou and Davin M - join live to ask your own Qs or use same link to watch on demand after: hubs.la/Q02x971d0

Toronto's spring real estate market is not off to a good start

Low-rise house sales are 41% below the 10-year average

This is the unfortunate truth about housing affordability

It is very easy to make housing unaffordable

But it’s extremely difficult to rewind the clock and make housing affordable again

Has anyone covered how the increase in the capital gains tax will impact the construction of PBR housing?

While the increased CCA rate for PBR is an incentive, the increase in the capital gains tax is a disincentive.

I’m wondering if the latter outweighs the former.

Toronto’s global talent magnet status at risk due to high housing costs: UofT professor Richard Florida

bnnbloomberg.ca/video/toronto-…

This is a good example of why you should never blindly believe what an expert says

No matter their credentials

Because even someone with a PhD in neuroscience from Stanford

Can get very basic concepts terribly wrong

Canada’s entire real estate industry is already in a recession

And things are only going to get worse from here

The same war is playing out in 🇨🇦

Has anyone seen a report or article discussing the US government's economic rationale for spending money like drunken sailors over the past year when their economy was running hot and inflation was still high?