Bidens terms were the worst performing terms of the last 7 decades of presidents.

Trump hammered Biden on every index during their respective terms.

The world ain’t the same world Jimmy Carter was in.

Where are your figures from? This in depth analysis prior to Trump's election totally disagrees with you:

https://www.gisreportsonline.com/r/u...ans-democrats/

I'm super confused how you've come to that conclusion, you like to talk about how green your stocks are and the stock market reached it's all-time peak under Biden.... Trump tanked that and is only now getting back to where it was. Trump was president during Covid... Biden had to deal with aftermath of Covid as well ie: recovery phase so that kinda pans out as they were both affected.

I'm just being objective here, no Republican v Democrat tint... just looking at the numbers and various metrics.

lol like every article which compares the two?

https://www.investors.com/how-to-inv...ump-joe-biden/

https://smartasset.com/investing/sto...trump-vs-biden

https://finance.yahoo.com/news/did-s...160202711.html

Also did comparatively well even compared to many prior presidents. All the data is in those articles.

Biden also took a beating AFTER COVID so that whole argument is kinda meh

So government wants to build x million more housing units. What do they mean? Units to to buy or to rent? And what kind of units? 2-3 bedrooms?

Toronto and Vancouver has a glut of new condos empty (mostly small or 1 bd units, I think) ... 7 months supply of new ones, 2,000 to 3,500 units. (edited)

Is there a solution here? What if YVR did the Olympic village thing ... city or feds buy them or underwrite them, rent them out, then later, can sell them. Lot of hassle though but city is doing it already, buying hotels and housing homeless and TFW and refugees.

Incoming communism where condos owners choose to sit empty are forcibly rented out

2 out of 3 of your articles state that who is president has very little to do with the stock markets performance. And that the difference between them was marginal at best, with Biden eating the post Covid worldwide downturn factored in. They also don’t get into unemployment etc, which has been far worse under Trump, which again isn’t necessarily his fault shit tonnes of people lost their jobs during the pandemic.

I would say that fact has changed immensely as we now have a president who is literally manipulating the stock market, so can’t say there’s as little effect anymore but these are indeed strange days getting even stranger.

I don’t really consider deregulation, which is Trump’s big boon, to be a good long-term strategy for the overall economy. It only benefits the top income groups and everyone else is fighting over scraps. Wealth equality/distribution is taking an absolute shit kicking in the USA right now the likes we haven’t seen since the Rockefeller era of the 1920’s.

Isn’t this kind of already the case here with the vacancy tax? Haha

Looking outside the fact no one can ever even consider giving Trump credit for anything, the guy is singularly focused on his image and his perceived ability as president.

Having a bull market rally and having all these US heavy hitters hit all time highs will be a huge measure of his success both for his career and for the party as a whole. They are likely to sacrifice things like the environment, due process, etc. if they can get the market to rip for portions of the term.

From the most simplistic point of view, his deranged ability to control the market is likely a good thing for investors in the short term.

They just need to cut the rate cuz nothing is rallying here.

Housing isn't the issue, it's the prices. They can build a million new homes but if prices don't come down they'll sit empty as well.

Well I think a lot of new building has already stopped, put on hold. It's just how long will it take for this inventory to be bought up. How much they are willing to cut rates by, the faster inventory will move.

The $3.6K all-in monthly on a $700K place @ 20% down and high 3's interest.

Hard for people to get in.



Although the $1.5-1.8M detached looking cheap

According to Carney and Gregor, you’re wrong, lol :pokerface:

Over the last 5 decades wages haven’t even kept up to food prices, let alone housing.

In my opinion, rate cuts alone won’t trigger a bull run in Canada’s housing market. Affordability is already maxed out, household debt is sky high, and stricter mortgage stress tests are still in place. A small drop in rates won’t suddenly flood the market with buyers.

We could do it the American way to try to create more jobs, higher paying jobs. Depends how many pipelines we want to build.

They can also cut all the foreign buyer bs, rental price cap, tenancy rules, air BNB rules, tax on rental income, capital gain tax. Just depends on how uncommunist they want to be.

you guys think they're going to hold rates again on June 4th?

Rates at 1-2% would make even $1Mill homes "cheap again"

but then inflation would go crazy because we should buy now while money is cheap

I recently opened a small business banking account with RBC and the process was excruciatingly slow and painful. Part of that was related to FINTRAC, etc... which isn't RBC's fault. But everything has to be done through an Advisor and appointments take a week to get one, not to mention my Advisor was a junior guy who didn't know what he was doing and messed up my first application, adding even more time to the process.

I definitely don't have the wealth to qualify for any kind of private banking, not to mention all of our investments are self-directed and we rarely buy investment products from the bank, but perhaps PB would have made things a bit easier than what I experienced.

I opened up a small business account with RBC as well this past week but I started the process online via a startup they fund (https://www.ownr.co) so the process was all online until I needed to sign physical papers. It took over a week for me to get booked in but at least the in person stuff was easy - I was in and out in 15 mins but the guy I was dealing with had been with RBC for 29 years. Luck of the draw I think.

would building new homes under rent control (by government) help? or is it a bandaid b/c it would just be funded/operated/supplemented by tax dollars?

I think you can still get PB as long as you have qualifying assets even under their direct investing platform. It just has to be under their firm.

I did mine via their website to start. That part went ok.

It said I had to get papers verified, so I thought I'd expedite things and walk down to my local branch with my papers in hand, thinking all they needed to do was see the papers and click a button.

They laughed at me and said I need to talk to an Advisor because only Advisors can do that. The next available appointments were a week away.

It irks me that a bank that made $15B gross last quarter wity 30% margins doesn't have enough staff on hand and instead is ok making customers wait a week to open a bank account that ulitmately will give them more business.

I was eager to use the account so I managed to get an appointment at the downtown branch 2 days later. But like you said, luck of the draw, that guy was only a month into the job and messed up my application.

Eventually it was sorted all out... but the process was anything but smooth and mostly frustrating.

Everything helps when the housing shortage is this acute but rent controlled (or below market pricing) is REALLY expensive to do as you end up providing massive subsidies to make the numbers work. Housing advocates on the left really like this as the preferred solution but I think it's unrealistic in terms of required budget AND it also concentrates the benefits to a small group of people (like it'll never be more than a few percent of all housing being built so a few folks end up paying 50% less than market while everyone else suffers at full rate).

I've generally been a "let the market solve it but with very loose zoning rules" kinda housing advocate but I get the need for some short term relief like below market housing - people are quite literally becoming homeless due to housing cost and not due to a lack of a job so I think the gov't needs to step in at least temporarily.

Unlikely we’ll ever see 1–2% rates again in Canada unless there’s a major crisis or recession. The BoC knows how much damage ultra low rates did to housing and debt levels. They’d only go that low again if things got really bad but then again, who would be buying in a 2008 style scenario anyway.