Real Estate aficionado. Vancouver Realtor & investor. Host of The Loonie Hour podcast.
Vancouver, BC
Joined March 2010
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New condo sales in Metro Vancouver are tracking even lower than last year, like 50% lower. The pre-sale condo market is completely dead.
Residential mortgage credit growth remains anemic in Canada. Falling home prices and a stagnant economy means little demand for new mortgages.
Ok 24 units on a 7000sqft lot is bananas.
This is Vancouver's very first proposal to build a low-rise, multi-unit residential building on a small single-family lot under the new single-staircase building rules.
A 6-storey, wood-frame building with 24 family-sized units. #vanre #vanpoli
dailyhive.com/vancouver/2150…
Steve Saretsky retweeted
In 2 weeks (and it will be 7 months late), Canada will release their budget. And it will likely show a balanced (OPERATING) budget.
The MSM, and propaganda machines will gaslight you into believing the magic.
Here's National Bank's accounting for the magic.
Steve Saretsky retweeted
🚨 𝗦𝗼 𝗶𝘁 𝗕𝗲𝗴𝗶𝗻𝘀: Someone got quoted $𝟰𝟬,𝟬𝟬𝟬 𝗳𝗼𝗿 𝟳𝟬 𝗽𝗼𝗶𝗻𝘁𝘀 𝗝𝗼𝗯 𝗢𝗳𝗳𝗲𝗿 in a Trucking Company at a Manager Position (NOC: 70020) falling under 1.5 times category.
𝗖𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 👏 @LenaMetlegeDiab you have undone all our years of effort to restore integrity under Express Entry system.
🚨🧵 𝗖𝗮𝗻𝗮𝗱𝗮’𝘀 𝗡𝗘𝗪 “𝗟𝗮𝗯𝗼𝘂𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻” is NOT Just 𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝗜𝗺𝗺𝗶𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗦𝗰𝗮𝗺 𝗶𝗻 𝘁𝗵𝗲 𝗠𝗮𝗸𝗶𝗻𝗴? 🇨🇦💰
How could the proposed 150 CRS “Labour Market Integration” system become 𝗮𝗻 𝗲𝘃𝗲𝗻 𝗯𝗶𝗴𝗴𝗲𝗿 𝗳𝗿𝗮𝘂𝗱 𝗿𝗶𝘀𝗸 than the infamous 50-point LMIA scandal?
This could prove to be 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗱𝗮𝗺𝗮𝗴𝗶𝗻𝗴 𝗽𝗼𝗹𝗶𝗰𝘆 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗶𝗺𝗺𝗶𝗴𝗿𝗮𝘁𝗶𝗼𝗻 𝗵𝗶𝘀𝘁𝗼𝗿𝘆.
🇨🇦 Immigration Minister @LenaMetlegeDiab risks undoing years of efforts to restore integrity and public confidence in Canada’s immigration system.
𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝘆. 1/5👇
Quite the headline.
Around the world, far right blames immigrants for French protests ctvnews.ca/world/article/aro…
Boomers don’t want your multiplexes
Steve Saretsky retweeted
The Bank of Canada's Three Preferred Measures of Core Inflation continue to trend lower.
Something about greedy developers not cutting their prices…
Corporations buying new condos in bulk paid an average of $763psf
A 40% discount from the original sale price
Here’s the newly elected COPE party yelling about the “cruel austerity of capitalism”
“We didn’t start this class war but we’re going to own it.”
Sir, you’re a city councillor.
Pave the roads, pick up the trash and maintain the community centers.
It’s a sad day when city officials turn this into a platform to spew woke ideologies instead of focusing on delivering core services for the community.
The self-proclaimed communist just got the most votes of any Vancouver city councillor, and that just about sums up this election.
Thanks for playing, comrades.
The housing bust in Canada is nearly 5 years old. It's following a similar trajectory as the United States during the Global Financial Crisis.
Under the previous BC Liberal government, a $3.5B 10-lane bridge had received its Environmental Assessment Certificate and was shovel ready before the NDP scrapped it in 2018.
I'm at the Massey Tunnel site with the workers building our new toll-free tunnel. The BC Conservatives would cancel it and send them home. We're going to finish it. Join me live: youtube.com/live/j-_REsn6rSo
This is the biggest failure of the NDP.
Since 2019, B.C. private sector jobs grew 3.3%. Public sector jobs grew 46.4%.
They chased away private sector investment and created a bloated, and largely unproductive public sector with a $14B deficit.
The basis of our prosperity begins with a strong private sector economy. Since 2019, B.C. private sector jobs grew 3.3%. Public sector jobs grew 46.4%.
Source: Business Council of BC @BCBCLaura @BizCouncilBC #bcpoli #cdnpoli
Meanwhile, BC running a $14B deficit and raising taxes on everyone.
Alberta closed the books on 2025-26 with a $2.2 billion surplus and the Heritage Savings Trust Fund finished the year at a record high of more than $32 billion.
We delivered that surplus in the same year we cut personal income taxes with a new 8% bracket, the lowest in the country. That put up to $750 back in the pocket of every Albertan and up to $1,500 back with the average family.
The Heritage Fund is on track to reach $35 billion in 2027 and $250 billion by 2050. Every dollar of income stays in and compounds. That is a promise to Albertans who come next and keeping it is one of the most important things this government will ever do.
The gift that keeps on giving. For every dollar of Canadian oil and gas revenue, roughly 15 cents were paid out to provincial governments in natural resource royalties.
Steve Saretsky retweeted
Cumulative home sales so far in 2026 are running at the lowest in over 20 years.
Also, how crazy was 2021?
Steve Saretsky retweeted
Always a please talking real estate with my favourite real estate amigos @SteveSaretsky @ronmortgageguy and @danielfoch at the @ResearchVeritas conference with @ASclipoti
