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Condo projects shelved en masse as the math doesn’t work. Since rents are still ok, the new trend is to use the gst rebate and build and then sell to a REIT; thereby allowing the developer to cash out his profit (vs. Retail investors). I’ve been saying it for a decade. All that talk about...

Tesla +11% after-hours after blowout quarter. Don't quit your day job ;)

Rewind back to 1980: Interest rates trended down from 18% to 1.5% over 30 years. As a result, asset prices rocketed up as the dollar significantly lost its value over time. You could have bought anything, anything, even a house that caved in on itself and would have been bailed out by decreasing...

It's 2024 and boomers are still falling for engagement bait. Big oof

LOL @ the TSLA-Q club. Those guys have lost their houses, wives and girlfriends shorting the stock since IPO. Looks like they finally gave up in 2022 LMFAO

The irony of not reading articles you post and shaming bell for cutting staff to save costs at the same time. "He also said that the company’s news operations are losing roughly $40 million a year and ad revenues had fallen by $140 million in 2023, compared with a year earlier. " Young people...

I know I said it was my last post on the subject, but I also want to point out that under conservative rule it is not going to be any better. Really don’t know who I’m going to vote for in ‘25.

My favourite part about this article: "The Canadian Press show the federal government was warned about a “misalignment” in population growth and housing supply as early as 2022." Hmm.. Let's see what the Trudeau administration did...

Where do you get your information regarding Queens and York on the brink? Can't speak on behalf of Queens, but having done some work for YorkU; they are doing fine. Conestoga, Algoma, and all the college / 4th tier universities pandering to Brampton I imagine are shivering in their timbers...

I'm all for raising property taxes if they remove the municipal land transfer tax. Considering that today's young person has to go from a one bedroom - > two bedroom -> townhouse/semi -> House that's like a quarter million $ in just land transfer taxes...

Double land transfer tax conveniently left out of your calculation mate…

What don't you like about the Scrambler? I was considering the Cafe if I can get my hands on a clean model.. which seems reasonably impossible.

This is completely opposite to everything I'm seeing and hearing from smart realtors and developers. You have 2 groups of people - those that are scrambling to renew and those who are putting off moving. The over-leveraged house flippers are feeling the squeeze and looking to offload. Some...

https://www.caranddriver.com/news/a44840269/2025-ford-mustang-gtd-revealed/ $300K US. Mustang GTD. Looks cool. But I'd rather so many other cars at this price point. It will end up as garage queens in car collections.

Lots of dreamers. Easy to pretend you'd be a buyer when there aren't any for sale.

I've sold plenty on Kijiji. Kijijidiots inquire every single time without fail; it just comes with the territory. You just heave to learn how to discern true buyers from the rest. They ask more details questions and are genuinely interested in the condition of the item before making plans to...

This has been the ongoing trend in investing circles in the past decade coupled with downward interest rates. Paywall: New York Times - The Greatest Wealth Transfer in History Is Here Crappier article but free if you don't have Apple News or NYT subscription...

You're not wrong; being frugal early pays dividends later on. Where your argument falls apart on the barrier to ownership is the $$ needed upfront to get into the market. A 10% jump in the 90s meant you needed an extra 10k .. which you could do with a part time job and maintaining a frugal...

That $229,635 house took $45K down to buy - land transfer costs were $10K and so were realtor costs for the seller. The average couple earning a merger $57,800 back then could save that inside of 2-3 years with their first jobs out of University. Today you need a minimum of $200,000 for the...

The likely hood of that happening is certainly (but not absolutely) zero. The fact that housing has held up so well in the face of the fastest rate increase cycle ever is astonishing. I think a lot of people are severely underestimating how much wealth is in Toronto. For what it's worth...