Real Estate

Tech Talk for Monday December 9th 2019

Pre-opening Comments for Monday December 9th U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S.75.45 cents following release of Canada’s November Housing Starts report. Consensus was an i ...

What’s coming

The average tat costs about $200. So soon you can have a new one, thanks to Justin Trudeau’s government (he has a few). In the coming days the feds will table legislation to cut some taxes by increasing the basic personal exemption to $15,000. That means no tax on that first fifteen grand (a $2, ...

The disgrace

It’s a coincidence, but on the day the Bank of Canada head dude said he’s quitting came evidence the maple economy’s melting. Stephen Poloz is out in June. And we lost 71,000 jobs in a single month. It’s hard to overstate how much this sucks. If we were Americans it would equate to erasing ...

Trust

  It’s a weird Canadian thing. Everybody – buyers, politicians, moms – complains bitterly about houses people can’t afford. But we call markets where sales are brisk and prices rising, ‘healthy’ and ‘robust.’ We say places where real estate is getting cheaper are ‘in distress, ...

2020 Global Outlook: The late cycle expansion continues

As we approach the longest historical economic expansion in North America, we see the cycle continuing with no recession on the horizon. Twenty different global central banks eased monetary policy in 2019 providing fuel for global growth to continue. As U.S.-China trade tensions calm and a resoluti ...

December 4, 2019

There was nothing particularly surprising in the Bank of Canada’s policy rate announcement this morning: The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The Bank’s October pro ...

The slathering

Why do big-city houses cost so much and rents are bonkers? Yeah, mortgages are too cheap and house lust too strong. But as big a reason as any comes packaged in one word: investors. Half all new condos and four in ten existing ones have been snapped up by people with no intention of living there. ...

How to recover financially from divorce

Right off the top, it’s important to acknowledge that there are no secret strategies for magically avoiding the financial impact of divorce. Divorce is difficult. You may lose half of your assets—or more—during the process of equalization. You may have ongoing spousal support or child support ...

2020 outlook: An optimistic view of capital markets

Welcome to December – just one more month until a new year begins (and, depending on how you do the math, a new decade as well). Naturally, this is the time when market-watchers issue their forecasts for what may lie ahead, and my team is no exception. Simply put, we expect continued monetary pol ...

Wrexit

Most of us outside AB don’t care about Wexit. But we will. Western alienation has the potential to create political chaos in Canada, send the feds into a tailspin, blow up the Conservative party and send a shudder through the national economy. But Alberta isn’t going anywhere. Just like Quebec ...