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Steve Saretsky
Real Estate aficionado. Vancouver Realtor & housing analyst. Avid student of Macro Economics and Credit Cycles.
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Steve Saretsky retweeted
Kevin Muir 8h
Nobody show the Donald what I think is the most important chart in the world - Jim Bianco’s great graph illustrating the number of countries with policy rates lower than the US. Note the timing of the spikes.
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Steve Saretsky retweeted
CTV News 9h
Texas real estate company says it has helped 40 companies relocate from Western Canada in the last 18 months
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Steve Saretsky retweeted
IceCap Sep 21
Foreign capital flows turning negative for
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Steve Saretsky Sep 21
Replying to @GregorYoung
Yes
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Steve Saretsky Sep 20
Replying to @rorotrader
ZIRP is hurting many banks as margins get compressed. North American banks have been more fortunate
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Steve Saretsky Sep 20
Replying to @selling604
Careful calling a bottom
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Steve Saretsky Sep 20
Replying to @myonlyattempt
Lol... barely budged
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Steve Saretsky Sep 20
Replying to @SteveSaretsky
I’m starting to think the Toronto Real Estate market might be keeping the entire Canadian economy afloat...
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Steve Saretsky Sep 20
“The consumer is not there, clearly investment is not there, exports are missing in action and the only thing that’s moving is actually the housing market again.”
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Steve Saretsky Sep 20
Replying to @KishoneRoy
The FTHBI is pretty dumb lol
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Steve Saretsky Sep 20
Replying to @StephenPunwasi
Not fast enough! Deep negative rates coming 😅
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Steve Saretsky Sep 20
Replying to @KishoneRoy
Exactly. Except now we can’t raise rates because we’re all over leveraged. 🤦🏽‍♂️
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Steve Saretsky Sep 20
But they did their own form of bailout. $69B to be exact through a program called IMPP. This allowed the mortgage machine to keep churning, and kept house prices from falling. Market never truly cleared. 🤷🏼‍♀️
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Steve Saretsky Sep 20
Replying to @JRabinowitz_ETF
The skyscraper curse has been well documented.
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Steve Saretsky Sep 20
Replying to @LinkPolitique
Apparently not great
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Steve Saretsky Sep 20
They’re heading lower don’t worry
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Steve Saretsky Sep 20
Replying to @CrusoeEconomics
No consequences for all the incompetent over leveraged borrowers 🤦🏽‍♂️
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Steve Saretsky Sep 20
And to think Dutch mortgage rates are already at record lows, sub 2%.
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Steve Saretsky Sep 20
Canadian retail sales flat as a pancake. Year to date, volumes have increased 0.8%, the slowest pace of growth since 2009.
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Steve Saretsky Sep 19
Foreign investment in US down nearly 50% as well. Chinese are net sellers in 2019
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