ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
Steve Saretsky
Steve Saretsky is a Vancouver residential Realtor and author behind one of Vancouver’s most popular real estate blogs, Vancity Condo Guide. Steve is widely considered a thought leader in the industry with regular appearances on BNN, CBC, CKNW, CTV and as a contributor to BC Business Magazine. Steve provides advisory services to banks, hedge funds, developers, and various types of investors.
July 29th, 2024 | Cash Flow Problems
Steve Saretsky Blog - Happy Monday Morning! As expected, the Bank of Canada slashed rates another 25bps this past week. It was a dovish press conference, with Tiff emphasizing excess supply in the economy. In the words of the BoC, economic growth likely picked up to about 1.5% through the first half of this year. However, with robust population […]
July 22nd, 2024 | Cutting Time
Steve Saretsky Blog - Happy Monday Morning! Headline CPI inflation decelerated in June to 2.7% year-on-year, slightly cooler than expected. The average of the Bank of Canada’s preferred core inflation measures also held steady at 2.8%. Some people would argue the job is not done, inflation must be returned to 2% and not a basis point higher, the same […]
July 15th, 2024 | The Speculator as Hero
Steve Saretsky Blog - Happy Monday Morning! We’re now in the dog days of Summer, a historically slow time for housing markets that is being compounded by weaker economic activity. The unemployment rate in Canada is up 1.6 percentage points from the lows, which is already a larger increase off the lows than in several recessions over the past […]
July 8th, 2024 | Whistleblower
Steve Saretsky Blog - Happy Monday Morning! Canada is a great country, we are a rich country with an abundance of natural resources, good people, and a generally stable democratic system. There is so much to look forward to, so much potential, however, there’s no doubt we have stumbled in recent years. This is largely due to poor policy, […]
June 25th, 2024 | Luxury Troubles
Steve Saretsky Blog - Happy Monday Morning! National house prices slid lower in the month of May, falling 2.4% from last year. On a seasonally adjusted basis, the national home price index is now down 14% since peaking in February 2022, marking the steepest decline since the index was created back in 2005, per CREA. Source: CREA It’s true […]
June 17th, 2024 | A Heist of Tax Dollars
Steve Saretsky Blog - Happy Monday Morning! It was just a few weeks ago when PM Trudeau lamented on the need for affordable housing while at the same time saying housing needs to retain value since it makes up such a large part of people’s retirements. In other words, the prime minister is trying to ride two horses with […]
June 10th, 2024 | Enjoy The Moment
Steve Saretsky Blog - Happy Monday morning! As widely anticipated, the Bank of Canada slashed rates this past week, cutting by 25bps. The move was celebrated across the nation, not just by Realtors and mortagage brokers but provincial leaders in BC & Ontario. The economy is struggling so much so that it warrants a rate cut, and this is […]
June 3rd, 2024 | No Panacea
Steve Saretsky Blog - Happy Monday morning! Housing affordability, or lack thereof, is all the rage these days. Politicians from every colour of the political rainbow are rallying around restoring some semblance of price stability, or so they say. They’ve been working hard lately, through mass rezoning, tax breaks on new rental construction, and even housing catalogues. In fact, […]