Real Estate Markets

Homeless

Today’s needy Blog Dog is a solid guy with a squeeze, a canine and (regrettably) a cat. Charlie lives in Oakville where, after two years, he‘s just been booted out of his rental. Suddenly, everything changed. “Unfortunately, our landlord has informed us that his father will require the house ...

Bid & ask

By the standards of, say, Lethbridge or Timmins, it ain’t much. A 14-foot-wide, 130-year-old row house with a tiny courtyard, an unusable basement, no front yard, no driveway, no parking and a price tag of $1.1 million. But, it’s a mere slapshot from Yorkville Avenue, Bloor Street and all the ...

Canadian home sales hold steady in June

Ottawa, ON, July 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were little changed in June 2019 from the previous month. Highlights: National home sales edged back 0.2% month-over-month (m-o-m) in June. Actual (not seasonally adjuste ...

“Would I be better off renting?”

Q. I’m 41 years old, live alone, and have an outstanding mortgage of $355,000 on my detached home in Calgary. With a monthly income of $3,300 after taxes, I have a difficult time making ends meet and have come to the realization that I will likely never pay off my mortgage. At what point should I ...

The treat

Blake bought a house, and being a good and guilty blog dog feels compelled to explain: “With one munchkin in hand, another around the corner and a wife filled with FOMO I finally caved.” Happens. He signed up for a five-year variable-rate mortgage at just over 3% and didn’t think about it ag ...

Unleashed

In a moment, some voices from below. Overnight, industrious little members of this pathetic blog’s steerage section took up the challenge to send me their thoughts on the nation, and life. During the coming week or so a number of them will be published, then the rest of you can sit back in snark ...

Leverage

“I need smarter friends,” Chris says. Could be. After all, one of his friends (seriously) sent him the real estate flyer boldly reproduced below. “Check this out,” he says. “Apparently many are gullible!!! It’s head shaking and that’s why Trump is leader of free world and socks doesn ...

Tech Talk for Wednesday June 26th 2019

  Observations Short term momentum indicators (daily Stochastics, RSI, MACD) for U.S. equity indices and economic sensitive sectors moved lower yesterday. See Trader’s Corner below for details. Weakness late yesterday by U.S. equity indices was attributed partially to comments by several compani ...

Tech Talk for Monday June 24th 2019

Pre-opening comments for Monday June 24th U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. Caesars Entertainment added $1.21 to $$11.20 after agreeing to a cash and share offer by Eldorado Resorts valued at $12.75 per share. Value of the of ...

June 20, 2019

Two articles I saw in succession have triggered a urge to rant about low interest rates. The first was about the effect of AirBNB on Canada’s rental market: More than 31,000 homes across the country were rented out so often on Airbnb in 2018 that they were likely removed from the long-term rental ...