The Saretsky Report
Steve SaretskyWeekly musings on the Canadian housing market, interest rates, and the economy.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 175 | Founded | 4 years ago | Last Issue | 8 days ago |
| Active | |||||
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stevesaretsky.substack.comLatest Issues
Capitalism without Bankruptcy
Happy Monday Morning!
As we have written before, the pre-sale market is on life support. New condo sales are virtually non-existent. After hitting 19,000 sales during the height of the bull market, they dropped to just 2900 last year, and...
Stagflation Dilemma
Happy Monday Morning!
As expected, the Bank of Canada held rates this past week. What’s perhaps more interesting, is the language they used.
“Economic weakness combined with rising inflation is a dilemma for monetary policy. Raising rate...
Cheerleading the Decline
Happy Monday Morning!
We couldn’t help but chuckle at the comments from Premier David Eby this past week, who took credit for the precipitous decline in the rental housing market.
Yes, rents are down big time, but let’s give credit where...
Getting Technical
Happy Monday Morning!
For the first time in six years, the Canadian economy slipped into a recession. Real GDP fell by 0.1% on an annualized basis during the first quarter, Stats Canada reported on Friday. That follows a 1% contraction in...
Distressed Listings
Happy Monday Morning!
Despite the sharpest house price correction in more than three decades, mortgage arrears in Canada remain low. Recent data from the Canadian Bankers Association shows the national arrears rate was a paltry 0.28% (as o...
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Authors
The writers behind this newsletter.
Real Estate aficionado. Vancouver Realtor & investor. Avid student of Macro Economics and Credit Cycles.
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