Juggling Dynamite

Danielle was a guest with Jim Goddard on Talk Digital Network, talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

Whether it is Donald Trump’s scam ‘university’ or for-profit-schools lowering education standards to collect rich fees that are only possible with government-backed student debt, the business model is consistent:  cash in by abusing the vulnerable.

In his new book, The Rooster Bar, author John Grisham brings the issue of for-profit law schools into focus. The novel follows three students who discover in their last semester of law school that their institution is essentially a scam. Here is a direct video link.

A realtor friend was telling me this morning, that they attended an industry conference yesterday where the speakers were explaining why tighter mortgage rules in January (that are set to reduce buying power by about 20%), are unlikely to hurt sales or prices. Hmmmm.  Of course, price declines are always ‘unexpected’ in markets populated by sales experts and gullible,  greedy ‘investors’.  And so it goes…

A Richmond Hill woman is among a segment of Canadian homeowners hit hard by a decline in the residential market. As Sean O’Shea reports, the problem occurs when someone buys one home before selling the one they’re in. Here is a direct video link.

This morning we learn that in October Greater Toronto Area sales volumes were down 26% year over year, with new listings up 78% and detached prices off 15-20% across most of the GTA since last March.  Here is a direct video link.  Who could’ve seen this coming, right?

Sales were down across all segments of the market, with the biggest decline (29.8 per cent) registered among detached homes.

The overall average selling price last month in Canada’s largest housing market was $780,104. That was a modest increase year-over-year, but still 15 per cent below the April peak of $920,791.