“Loblaw and Metro: You know what helps people even more than a price freeze? Price cuts. What about choosing a few key staples that families buy and lowering prices for the next few months? Take some pain, like your customers.” 👏🏻👏🏻👏🏻

The number of objectively horrendous real estate market takes circulating on TikTok (this week alone!) has been next-level. And as transaction volume continues to dry up and new clients/deals get harder to come by it’s only going to get worse. Caveat emptor indeed.

🤨

👏🏻

And in today’s instalment of Everything Is Awful, why wouldn’t this government be steamrolling this through and announcing it on a Friday afternoon. Ontario to cut Greenbelt land for homes, add land elsewhere | CP24.com cp24.com/news/ontario-t…

“Let them cut streaming.” — a common saying used by plutocrats during the 2020s inflation crisis

The October inflation report is likely to keep the Fed on track to approve a 50-basis-point interest-rate increase next month Officials had already signaled they wanted to slow the pace of rises and were somewhat insensitive to near-term inflation data wsj.com/articles/infla…

I asked Bank of Canada governor Tiff Macklem just how bad he's willing to let the economy get in his fight to rein in inflation. Check out his answer in my full interview here. youtube.com/watch?v=3tJqaP…

If I was a politician I would be doing anything to incentivize building rental units. Primarily to floor the labour market during this coming residential investment recession and eliminate a major excess demand problem down the road which could keep inflation sticky.

We’re fine, everything’s fine. 🤬

PSA to the anti-sprawl folks: if you’d bother to read the article you probs wouldn’t feel the need to slide into my DMs calling me an idiot. Or maybe you would 🤷‍♀️

Why would anyone spend millions on Greenbelt land that can't be built on? Six developers did since 2018 — now, their land is set to be taken out of the Greenbelt. Lucky bet? Or did they know? A ✨Starwhal✨ investigation by me, Noor Javed and Brendan Kennedy (https://bsky.app/profile/bkstar) thenarwhal.ca/ford-ontario-g…

The Ontario government’s More Homes Built Faster Act is aimed at building 1.5 million homes by 2031. trib.al/acdwHok

An ominous warning portends interest rate relief – eventually - The Globe and Mail theglobeandmail.com/investing/pers…

Nails it.

How Bad Are Variable Mortgage Rate Increases: They Just Blew Past The Stress Test If you got a Variable Rate Mortgage in 2021 the Stress Test was 5.25% your real rate was 1.45% Seemed impossible to hit 5.25% After today's Increase the a good Variable Rate is 5.45% No Bueno