Signs of hard times ahead...

[xmontrealer]

The downtown condo market and north of Hwy 7 housing market is in the toilet...

Unemployment in Canada is 7%, 8.8% in Toronto...

Credit card delinquencies are rising...

Consumer debt ratios to income are rising...

Many families are using zero interest loan companies such as "Klarna" to spread out payments for groceries and other consumable necessities over 4 payments, one every 2 weeks, with fees if you don't pay on time...

Etc., etc., etc.

Not sure why the TSX keeps going up.

 

[seanzo]

And yet we also need even more immigrants...funny how that works

 

[jeff2]

Surprising about the TSX outside of the gold factor.

 

[oil&gas]

...................
Not sure why the TSX keeps going up.

Stock investing is not for the poor.

The rich and many in the upper-middle-class has the money to
make more money in a recession.

Carney removing increase of capital gain tax helps.

 

[oil&gas]

Surprising about the TSX outside of the gold factor.

Inflation can lift other sectors in the stock market
as well.

 

[jeff2]

Inflation can lift other sectors in the stock market
as well.

Not sure if we will get a good broad based commodity boom, but that would be good for the TSX. TSX and S & P 500 often trade spots with secular moves and the S & P 500 had a great 15 years or so.

 

[Frankfooter]

The downtown condo market and north of Hwy 7 housing market is in the toilet...

Unemployment in Canada is 7%, 8.8% in Toronto...

Credit card delinquencies are rising...

Consumer debt ratios to income are rising...

Many families are using zero interest loan companies such as "Klarna" to spread out payments for groceries and other consumable necessities over 4 payments, one every 2 weeks, with fees if you don't pay on time...

Etc., etc., etc.

Not sure why the TSX keeps going up.

Housing is provincial.
Unemployment is highest in Ontario in Canada.

DoFo is the problem.

https://twitter.com/i/web/status/1931287554600665395

 

[wigglee]

If real estate is in the toilet that means the cost of housing is going down. So sad for the foreign investment firms who thought they could keep flipping

 

[jeff2]

If real estate is in the toilet that means the cost of housing is going down. So sad for the foreign investment firms who thought they could keep flipping

They really need to keep this thing in place.

Prohibition on the Purchase of Residential Property by Non-Canadians Act

Effective as of January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the “Act”) prevents non-Canadians from buying residential property in Canada for 2 years.

www.cmhc-schl.gc.ca

.

 

[southpaw]

If real estate is in the toilet that means the cost of housing is going down. So sad for the foreign investment firms who thought they could keep flipping

But good news for the people who work and pay taxes here, and want to own their own home. Maybe they'll finally be able to afford one.

 

[bazokajoe]

And yet we also need even more immigrants...funny how that works

I guess we don't have enough Uber eats drivers.