Real Estate

Separating the Contenders from the Pretenders

The S&P 500 is in the midst of a big run that lifted most boats, especially financial stocks. Even though these stocks are leading with the biggest gains over the last three weeks, most big financials are still in downtrends overall and below their 200-day SMAs. Take Citigroup for example. Even ...

Utilities Sector (XLU) Lights Up a New PMO BUY Signal

Sector rotation continues to favor the defensive sectors of Health Care, Consumer Staples, Real Estate and Utilities. Some of the more aggressive sectors are perking up now, with Financials actually making the biggest gain of the past month. Utilities in that same timeframe haven't done so much, b ...

Fear & greed

Another big rally for stocks on Friday. Since Christmas Eve, when the wailing from the steerage section was deafening, the Dow has gained about 3,000 points. That’s a jump of over 13% in less than a month. So if you sold as the obese man with the hypersonic reindeer approached, you were emotiona ...

Inflation Moves Higher in December

The Conference Board of Canada’s Principal Economist Alicia Macdonald offers the following insights on the Consumer Price Index data for December: Quote “Total inflation pushed higher in December while core inflation held steady at just below the Bank of Canada’s 2.0 per cent target. With inf ...

Market Update. 2018 was a bumpy ride. Buckle up for the road ahead in 2019

I hope you found much to celebrate for a Happy New Year. For investors looking back (and down at their returns) for 2018, the celebration was a bit muted. As we noted in December, the decade-long bull run looks like it might be done — and this period of high volatility is likely to continue. The ...

Evil

Don’t be surprised real estate’s collapsing in BC. Sales have fallen by 40%. Prices in some hoods are down by a third or more. Realtors are retraining as payday loan guys, trying to improve their image. What lies ahead for markets in Van, the LM, Victoria or the Okanagan could be spectacular. ...

BC Government’s Speculation Tax – Pain on the Way

In BC, the NDP government’s answer to lack of rentals is a speculation tax. But here’s the rub, you will be charged the tax UNLESS you apply for an exemption AND they grant you that exemption. By the way these notices will come in the mail to the property owners. And we all know how well mail w ...

The irresistible

Will the federal budget blow up HELOCs? What a surprise that would be to three million little debt-snorfling voters. Big fanfare this week for a new report by a federal agency that frets over people’s finances. Needless to say, they have a lot to worry about. Most of us are basket cases when it ...

Home Sales End Year on Historically Low Note

Last year was a tumultuous one for Canadian real estate, culminating in one of the slowest Decembers on recent record for sales activity. According to the latest analysis from the Canadian Real Estate Association, the number of homes changing hands came in 12% below the 10-year average, and a whoppi ...

As predicted

On the final day of 2017, this foolhardy blog made some predictions. In the noblest tradition of accountability, we’ll ignore the ones that were turkeys (‘a balanced portfolio will do just fine’) and pretend that everything printed here, lo, came to pass. Anyway below are the top four things ...