Category Archives: Main Page

Mortgage rates are historically average today, but too high prices and insufficient household income levels remain a problem. Welcome to a buyer’s market without buyers. Condo sales in the GTA are down, according to the latest data from the Toronto … Continue reading →

At 35x the average of the past decade’s earnings, adjusted for inflation, the S&P 500 basket of stocks is the third most expensive since 1871 (CAPE, in blue below, versus long-term interest rates in red, courtesy of Shillerdata.com). It is … Continue reading →

The same ‘easy money’ policies that enabled excessive spending and mal-investment in real estate fuelled a boom and bust now unfolding in the venture capital and start-up space, as well. This has broader implications for asset prices, lenders, investment, jobs … Continue reading →