This graphic from the Globe on Saturday summarized nicely another side to the realty madness in Canada. The ranks of realtors nationally is up just under 27% since 2008, with a staggering 77.8% more agents in the Toronto area. One thing for sure, 8 years of credit gorging, bidding wars and leaping prices do not make these folks investment experts, yet many buyers are following their advice. Like bugs to a zapper in summer.
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N🙃 W🙃RRIES, Everything's Great!
BREAKING: US margin debt jumped by +$112 billion in May, to a record $1.42 trillion.
This marks the 2nd consecutive monthly increase, totaling +$195 billion.
Margin debt has surged +$495 billion, or +54%, over the last 12 months.
Adjusted for inflation, this metric rose +7.9%
