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The Saretsky Report

Weekly musings on the Canadian housing market, interest rates, and the economy.

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Deferring Capital Losses

What can Canada's largest multifamily REIT tell us about the state of the rental market?

Bargain Hunting

Home sales in July were the second slowest in 25 years, creating bargain opportunities for astute buyers. In some cases, values have fallen to 12 year lows.

Bottom Picking

Real Estate developers are fooding the market with purpose-built rentals and have reduced single family housing contruction to record lows.

Signs of Improvement?

The Bank of Canada projects an uptick in residential investment as the condo bailout gathers momentum.

Below Construction Costs

Everything is selling below construction costs. This is killing the pre-sale market, and prompting the BC government to bail out the industry.

Canada's Big Short Moment

The Great condo bailout has arrived, and there’s a lot happening under the hood you need to know.

Capitalism without Bankruptcy

The Carney government says it will buy 2200 unsold condos in BC and convert them into affordable housing in a quasi bailout.

Stagflation Dilemma

Bank of Canada notes dilemma on rate path over stagflation concerns. Bond yields and rents fall on record rental supply.

Cheerleading the Decline

The decline in rents and home prices is still being celebrated by policy makers, for now.

Getting Technical

The Canadian economy slipped into a "technical recession" last quarter. For many households in Toronto and Vancouver it's felt like a recession for a couple of years now.