Real Estate

Stuff happens

It’s not often this blog talks about my day job. For good reason. It’s not a commercial – so you don’t see any Google Adwords here or banners for mortgage floggers, banks, thirsty underwear manufacturers or robo advisors.  Over the last decade Canadians have trusted me with a lot of wealt ...

Tech Talk for Monday May 21st 2018

Pre-opening Comments for Monday May 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points in pre-opening trade. Index futures responded to news that trade negotiations between China and the U.S. are progressing. Big Lots (BIG $41.64) is expected to open higher ...

The latest

Will rates jump again in May? Nope, says Mr. Market. Ain’t gonna happen. The latest economic stats (out on Friday) were more tepid than the rate bulls had expected. So, a weaker inflation number caused the dollar to slump and the odds of another set of mortgage increases to wither from 40% to 28 ...

Rising Mortgage Rates Are Weighing On Homebuilders

Editors Note: This article was originally published in John Murphy's Market Message on Saturday, May 18th at 9:17am EST. The first page of today's Wall Street Journal carries the headline: "Era of Ultracheap Mortgages Ends as Rates Hit 7-Year High". The article goes on to point out that rising ...

MORTGAGE RATES HIT A SEVEN-YEAR HIGH ALONG WITH TEN-YEAR TREASURY YIELD -- RISING MORTGAGE RATES MAY BE CONTRIBUTING TO SELLING OF HOMEBUILDING STOCKS

RISING MORTGAGE RATES ARE WEIGHING ON HOMEBUILDERS ... The first page of today's Wall Street Journal carries the headline: "Era of Ultracheap Mortgages Ends as Rates Hit 7-Year HIgh". The article goes on to point out that rising mortgage rates might make it harder for prospective home buyers to get ...

The big suck

Steve and Trevor sold me a house a few years back. It was memorable since we did the deal on Canada Day. And those were the gentle days, before governments had become so mean and hungry. S&T made a business of buying original brick boxes in North Toronto, blowing out the back for the ubiquitous gr ...

Stress Test Causing National Housing Slump: CREA

The Canadian Real Estate Association (CREA) blames the mortgage stress test introduced in January for slow activity across the nation in April. The housing market has cooled in all respects from April of last year, when the market peaked: the average sale price declined by 11.3 per cent to $495,000, ...

Market update. Oil price pumps up investors

Canadian stocks driven by the oil price combined with international stock growth are the major contributors to this month’s positive performance. Investors enjoyed a relatively relaxing month of lower volatility in many sectors. It seems to be a case of investors taking a breather to see what pl ...

Cash money

Six peanut butter cookies, two scones and a muffin at Kate’s Sweet Indulgence. “Nineteen dollars,” the tattooed sweet young thing said. I dropped a $20 bill. “Ooo, paper money,” she responded. “Haven’t seen that in a long time.” She looked at it lying there, and bit her lip a littl ...

9 things you should always buy at Dollarama

Oh, Dollarama. The store with long aisles, bright lighting and jam-packed (but perfectly organized) shelves may seem overwhelming at first glance, but there are serious bargains to be had. Think of shopping at Dollarama as you would hunting for treasure at an antique sale — you have to wade throu ...