Real Estate Markets

Tech Talk for Friday May 24th 2019

  StockTwits released yesterday @EquityClock Technical action by S&P 500 stocks to 10:30: Bearish. Breakout: $CPRT. Breakdowns: $HRL $KHC $DO $EOG $EQT $HES $HP $MRO $OKE $VLO $JEC $PH $INTC $NTAP $STX $ADS Editor’s Note: After 10:00 AM EDT, intermediate breakouts include CHD and D. Breakdowns i ...

Animal spirits

The silent spring. It was shocking when environmentalists first pointed out the growing absence of song birds. (We’ll save the climate change debate for another day. It’s real, by the way.) Now, in terms of the most important assets citizens own, the more terrifying silence. The housing market ...

Tech Talk for Wednesday May 22nd 2019

Pre-opening Comments for Wednesday May 22nd U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S. 74.67 cents following release of March Canadian Retail Sales at 8:30 AM EDT. Consensus was an ...

Tech Talk for Tuesday May 21st 2019

Pre-opening Comments for Tuesday May 21st U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Home Depot slipped $1.20 to $189.75 despite reporting higher than consensus first quarter earnings. Autozone gained $22.17 to $1000.00 after reporti ...

Canadian home sales rise in April 2019

Ottawa, ON, May 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed in April 2019. Highlights: National home sales improved by 3.6% month-over-month (m-o-m) in April. Actual (not seasonally adjusted) activity was up 4.2% year-over- ...

The hinterland

Why, he wonders, would anyone stay in Toronto where a slanty semi complete with icky bugs can easily cost seven figures. If your job’s portable, or online, or you create your own, and you want a house – why struggle in the GTA? Some months ago we brought you the tale of a moister who asked jus ...

Chaos

After roughly one dog’s age (ten years) of writing this pathetic blog, two things have clarified. (a) The real estate market is broken, and (b) we’re cusping on a political crisis – because of housing. Look at recent events. The Greens, all leafy and osmotic, just won a federal by-election. ...

The smug Millennial

Mike has perfect the mandatory suck-up. “I’m a faithful follower of the blog and I’m writing today to thank you for the free investment help you’ve offered me since 2014,” he writes. Turns out he’s a 37-year-old single engineer dude who moved to the GTA that year with $450,000, “disc ...

Suck, blow, repeat

Have you noticed the campaign to fillet the stress test has been ramped up? Can the politicians withstand it as we lurch towards a pivotal election? And what’s the latest on the T2 gang’s plan for taxes? “The damage done from these stress tests has been enormous,” wrote the CEO of the Onta ...

So done

It’s like watching a slo-mo train wreck. Or a speeding autonomous Tesla headed for a cliff. Or the federal Libs on their way to October. You just know what’s gonna happen. Guts everywhere. And so real estate in Vancouver quietly, painfully, slowly implodes. The slow melt this blog has forecast ...