Data nerd fixing the real estate industry with AI. Real estate + data + AI + economics. https://xitter.twitterapi.xyz/t.co/49WFiH2He6 & https://xitter.twitterapi.xyz/t.co/VynzRKoIc5. 🇨🇦 #1 investing & real estate podcasts 👇
Canada
Joined April 2011
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Mortgage rates in Canada passed 21% in 1981. People still bought houses. They just paid a lot less for them.
Further interest rate hikes might be needed: Bank of Canada
bnnbloomberg.ca/business/eco…
'There's no 2.0': Ford dismisses Toronto's bid for new funding agreement
Toronto has been hoping to negotiate a new agreement with Queen's Park to help with its budget shortfall
cbc.ca/news/canada/toronto/d…
You can just do things
“My AI Agents Found an Unmapped Maya Site”
pietromiotti.com/latest/maya…
S&P just put Ontario on a negative outlook. Still AA-, but roughly 1-in-3 odds of a downgrade within two years.
Deficit is now $16.9B, up from $13.8B in the spring. Net debt is heading to 220% of revenue vs a 200% target. Interest costs hit $20.4B by 2028-29.
The bill is coming due.
because house prices are measured in dollars, not population growth
excellent research as always by @HanifBayat and the crew at @WOWA_Canada
Did population growth make homes unaffordable?
Short answer: it played a role, but not the main one.
📊 25 metros, 20 years:
🇨🇦
• Montreal: 👥 slowest growth → 📈 fastest price gains
• Vancouver: 👥 fastest growth → 📉 smallest price gains
🇺🇸
• Orlando grew 10x faster than Detroit → same price growth
• LA & Chicago lost people → prices still up 5%+/yr
💡 What matters most: how fast supply responds
My latest in @globeandmail 👇
—-----------------------------------
Provided by WOWA
Simply Know Your Options🔍
US core CPI rose 0.3% in October. The market was expecting 0.2%. The three-month annualized pace is 3.7%, the hottest since January 2025.
Canada's five-year bond yield jumped 6 basis points to 3.44. Lenders price five-year fixed mortgages off that yield.
#CPI #mortgagerates
Nice concept
Now in beta: Businesses in ChatGPT.
Claim your business, manage your information, and get insights on how people engage with you.
Eligible businesses can also build a Business Agent to answer customers’ questions and help them explore what you offer.
openai.com/index/introducing…
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Small businesses planning price hikes just hit the highest share since July 2022. Hard to see fast rate cuts with that in the pipeline.
The Big Five banks and the biggest builders just teamed up on one ask list for Ottawa. Top of it: make Ontario's new-home HST rebate permanent.
US homeowners are tapping equity again. HELOC balances just had their biggest quarterly jump since 2005, and mortgage delinquencies are creeping up.
2 of the biggest real estate search portal websites in Canada shut down within the last week.
Wahi.com & Houseful.ca
How Budget 2026 Impacts Canadian Real Estate
Ottawa says it's extending the foreign buyer ban, but the law still ends it January 1. Nick and Dan sort what's law from what's only proposed.
podcasts.apple.com/us/podcas…
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Core CPI rose 0.3% in October, vs 0.2% expected. The 3-month annualized pace is 3.7%, the hottest since January 2025.
xitter.twitterapi.xyz/DeItaone/status/212015…
US CORE INFLATION ACCELERATES TO HIGHEST LEVEL SINCE JANUARY 2025
US core CPI accelerated to 3.7% annualized over the past three months, its highest reading since January 2025.
Supercore inflation surged to 5.5% annualized, the strongest pace since April 2024, up from 4.6% in September.
Meanwhile, the six-month core CPI rate eased to 2.7% from 2.9%.
An unofficial estimate puts annual core inflation at 2.74%, up from 2.56%.
US 10-year up 11 bps to 4.97% after CPI. Canada's 5-year up 6 bps to 3.44%.
xitter.twitterapi.xyz/kobeissiletter/status/…
A week ago the market gave a December Fed hold about a 25% chance. Now it's zero. Futures price an 88.5% chance of a 25 bp hike and 11.5% of 50 bp.
xitter.twitterapi.xyz/kobeissiletter/status/…
Canada's 5-year bond is up 6 bps this morning to 3.44% after the hot US CPI print. That's the one that sets fixed mortgage rates here.
xitter.twitterapi.xyz/kobeissiletter/status/…
