Steve Saretsky @stevesaretsky04
Real Estate aficionado. Vancouver Realtor & investor. Host of The Loonie Hour podcast. linktr.ee/stevesaretsky Vancouver, BC Joined April 2013-
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Steve Saretsky retweeted
After ignoring house prices for two decades, Bank of Canada says housing affordability to be considered in mandate review. financialpost.com/news/economy/b…
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Steve Saretsky retweeted
BC government caps rent increase at 2.3% for 2026. That’s down from 3% this year.
Steve Saretsky retweeted
A broken social contract, in one chart.
Steve Saretsky retweeted
Home Sellers in Canada are cancelling listings at a rapid pace as they fail to get their prices. Many will retest the market in the months ahead.
Steve Saretsky retweeted
Not a bright future for Canada’s youth. No chance of ever owning a home, competing for entry level jobs with the flood of new immigrants. Why stay?
Not a bright future for Canada’s youth. No chance of ever owning a home, competing for entry level jobs with the flood of new immigrants. Why stay?
Steve Saretsky retweeted
The Fed is effectively abandoning the 2% inflation target and they’re not even hiding it anymore.
Steve Saretsky retweeted
Refugee claimants in Canada have ~tripled since 2022. Is it still politically incorrect to say that this is too much? --> Chow says Toronto will face a $107M shortfall if feds don’t provide more funding for refugee supports ctvnews.ca/toronto/local/…
Steve Saretsky retweeted
About 60% of all mortgages in Canada are coming up for renewal in 2025–26. Even with recent rate cuts, most of these borrowers are in for a payment shock. 🧵👇
Steve Saretsky retweeted
Married and own a home by 30 years old in America 1950: 50% 1960: 52% 1970: 48% 1980: 45% 1990: 43% 2000: 35% 2010: 25% 2025: 12% Anyone got the Canadian data?
Steve Saretsky retweeted
You know what they say about magazine covers. Sentiment indicators abound here.
Steve Saretsky retweeted
Market rents in the Fraser Valley off 20% from the highs. Ouch.
Market rents in the Fraser Valley off 20% from the highs. Ouch.
Steve Saretsky retweeted
Vancouver Real Estate update. From move up buyers to estate sales, people are taking less money to facilitate transactions. If you are transacting today you are taking less on the sell side and negotiating more on the buy side. Sales Volumes are increasing albeit at lower prices.
Steve Saretsky retweeted
INTERVIEW 📺🎙️ Liam Halligan talks to a leading Canadian podcast about the UK's looming fiscal crisis I was pleased to chat recently with Keith Dicker, @SteveSaretsky @RichardDias_CFA – co-hosts of "The Loonie Hour", one of Canada’s most popular economics and investment…
Steve Saretsky retweeted
Housing starts surge in Canada again. y/y increase entirely due to rentals. My measure of new primary + secondary under construction in major Canadian CMAs is nearly a quarter million at a time when population growth is set to round to zero WILD chart
Steve Saretsky retweeted
World's most unaffordable housing markets 1. 🇭🇰 Hong Kong 2. 🇦🇺 Sydney 3. 🇺🇸 San Jose 4. 🇨🇦 Vancouver 5. 🇺🇸 Los Angeles 6. 🇦🇺 Adelaide 7. 🇺🇸 Honolulu 8. 🇺🇸 San Francisco 9. 🇦🇺 Melbourne 10. 🇺🇸 San Diego 11. 🇦🇺 Brisbane 12. 🇬🇧 London 13. 🇨🇦 Toronto 14. 🇦🇺 Perth 15. 🇺🇸 Miami…
Steve Saretsky retweeted
This guy is just trolling now. @BenRabidoux
Steve Saretsky retweeted
Remember when 200 economists signed a letter begging to keep the carbon tax…
Steve Saretsky retweeted
Headline inflation falls to 1.7% in July. Strip out shelter which we know is deflating in real time across the country and CPI ticks in at 1.2%.
Steve Saretsky retweeted
There’s a lot of loans and tax dollars riding on getting people back into the downtown core.
There’s a lot of loans and tax dollars riding on getting people back into the downtown core.
Steve Saretsky retweeted
In year 5 of NDP rule, Eby took the reins from Horgan and kickstarted a borrowing binge. BC’s fiscal path is a disaster.
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