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Monthly Archives: November 2022
What went up must come down
Yesterday, Fed chair Jerome Powell reiterated his commitment to combating inflation (lagging indicator) at the expense of economic growth, employment and asset prices (leading indicator). Stocks didn’t like the message. In an abrupt reversal, every market sector tumbled into the … Continue reading
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Why the 2022 housing shortage is over
Eric’s presentation illuminates the components of housing supply and how it impacts prices. The Housing Shortage has been one of the most popular stories in real estate and the economy over the last year. You see headlines about the lack … Continue reading
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And so the cycle goes
Canadian monthly home sales in September were -32% year-over-year and 12% below the pre-pandemic 10-year average for September (chart below since 2007 courtesy of Martin Pelletier). October sales appear to have been worse. Many who bought properties during the 2020-2022 … Continue reading
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